Stories for June 2009

Tuesday, June 30

VICA Presents 12 Solutions for California

The Valley Industry and Commerce Association released a report outlining 12 long term reforms to improve California's fiscal health and help ensure the passage of an on-time budget.

Wind turbine plant planned for S. Paula

Hundreds of green jobs expected

U.S. works to speed solar energy development in the West

Interior Secretary Ken Salazar signs an order that sets aside some 676,000 acres of federal land -- more than half in California -- for study and environmental reviews.

Time is ripe; Applebee's eatery reopens

PALMDALE - The Palmdale Applebee's, closed in January as the result of a bankruptcy, reopened Monday under the ownership of the chain's largest franchisee.

Worker's Compensation Insurer Amid Turmoil

Employers Direct Insurance Company will reduce its staff by about 18 percent and lower premiums in an effort to reposition itself in the volatile California worker's compensation market.

Battle for parking space

City's four central garages need an operator, but many say bidding process is flawed.

Monday, June 29

Personal bankruptcies surge in Southern California

The region had the nation's biggest percentage jump in 2008, and the number this year through April is up 75% despite a 2005 rule overhaul aimed at curbing filings by those who would benefit unfairly.

Disney, Woodbury Honored by Economic Alliance

The Valley Economic Alliance on Saturday night recognized a long-time Valley corporation, a 125-year-old university and a classic television show for their contributions to the San Fernando Valley.

Conjeo open space agency's wish list is long

But funding for land is short

Council terminates Downtown Loop

Funds saved could be diverted to city's other four bus lines, which cost less to run and draw more riders.

Business Journal Biotech Report Wins Gold Award

The San Fernando Valley Business Journal received a gold award for best ancillary publication from the Alliance of Area Business Publications for its special biotech report.

Friday, June 26

Court Seeks to Fill Commissioner Posts

The Ventura Superior Court is seeking applicants in good standing with the State Bar Association to serve as commissioners for the court.

Spy plane a trailblazer

Newest Global Hawk 'leads way' for unmanned systems

U.S. June Auto Sales May Top 10 Million Rate, Best for 2009

General Motors Corp., Toyota Motor Corp., Ford Motor Co. and other automakers may report a U.S. sales rate for June that exceeds 10 million units for the first time this year, according to three industry estimates.

Agoura OKs $32 million budget

Spending package is 'status quo'

Parking hours will stand

City officials narrowly uphold time frame that has irked some business owners.

Thursday, June 25

Image Narrows Loss in Q1

Image Entertainment Inc. continues to explore various alternatives for its future following two mergers that failed to close.

Wednesday, June 24

Valley Business People Named Entrepreneurs of the Year

The greater San Fernando Valley area was well represented at the Ernst & Young Entrepreneur of the Year awards gala for greater Los Angeles taking place June 23 at the Beverly Hilton in Beverly Hills.

THQ Reorganization Creates Three New Business Units

Video game publisher THQ Inc. has formed three new business units to better align the company with its product strategy.

Orange Line Extension Breaks Ground

Representatives from the city and county of Los Angeles and Metro gathered in Chatsworth to break ground on the extension of the Orange Line busway.

Tuesday, June 23

Stephen Chipman named CEO of Grant Thornton LLP

Stephen Chipman has been appointed CEO of Grant Thornton LLP, the U.S. operations of the global accounting firm.

Boeing says 787 Dreamliner first flight delayed; shares fall

Boeing Co. said Tuesday it has again delayed the first test flight of its long-awaited 787 jetliner, citing a need to reinforce part of the aircraft.

Cities tighten belts, say more cuts possible

LANCASTER - In what has become almost an obligatory prelude to their 2009-10 budget presentations, city officials warned that cuts in programs could gouge even deeper if the state proceeds with its plan to solve its deficit problems with money from local

Ixia Acquiring Catapult Communications

Calabasas-based Ixia completed a cash tender offer for all of the outstanding shares of common stock of Mountain View, Calif.-based Catapult Communications Corporation.

Tax increase measure to go to Ventura voters

The Ventura City Council, as expected, decided late Monday to go to voters in November to raise the local sales by a half-cent, and are hoping they warm to the possible $10 million it could raise for added police and enhanced local services.

Economic Alliance Honors "Stars of the Valley"

The Valley Economic Alliance will hold its 12th annual Valley of the Stars Gala Dinner & Awards Ceremony on June 27, honoring three "stars of the Valley": Rowan & Martin's "Laugh-In"; The Walt Disney Company; and Woodbury University.

Agency looks to protect money

City Council's branch devoted to redevelopment issues may join anti-state effort.

Monday, June 22

Whiteman Serving Business Aviation in Low Key Way

A look at the county-owned airport and Vista Aviation, one of the airport's largest tenants

Balanced Budget Proving Elusive at Van Nuys Airport

New Van Nuys Airport budget calling for expense cuts

Single GAAP Authority Brings Changes to Accounting

Standards will be published as a formal, binding code by FASB, superseding all existing accounting standard documents

County Unemployment May Rise to 12 Percent

County Unemployment May Rise to 12 Percent

AROUND THE VALLEYS

A look at the people, places and things that make our valleys tick.

FDA Advisory Committee to Review Amgen Drug

The U.S. Food and Drug Administration asked biotech giant Amgen to participate in an advisory committee meeting in August to review the company's experimental osteoporosis drug denosumab.

Five Citizens Chosen as Fernando Award Finalists

Five Citizens Chosen as Fernando Award Finalists

LETTER TO THE EDITOR

Colleges Left Out

VALLEY BIZ SEEN

Photographs of business-related events in the valleys, including parties, awards dinners, benefits and other celebrations.

Advisor Career Adds Up For Judith Chipps

Judith Chipps makes Barron's Top 100 Women Financial Advisors list.

Time to Adjust Sales-Vendor Relations Amid Downturn

Guest Column by Marc Emmer

VALLEY STOCK WATCH

Stock activity for 50 selected greater San Fernando Valley-based public companies

Kaiser Making $8 Billion Investment

Kaiser Making $8 Billion Investment

Big Plans for the Valley

Cecelia Estolano, CEO of CRA/LA.

Woodbury Explores Development of Family Business Center

Woodbury University launches lecture series, filling void left by closure of CSUN Family Business Center

VALLEY BANKING RESULTS

Bank activity ranked by locations, assets, deposits, net income, performance.

Condo Prices Cut Drastically At Americana

Excelsior luxury condos at Americana at Brand cut prices to meet the market.

Local Banks Show Improvement in Quarter

Valley state chartered banks fared better in Q1 2009 than Q4 2008.

In the Owner's Seat

Don Blake of Team Concept Development Services builds niche in public works

We Americans Give Good Hate

Words and observations about hate. Column by Martin M. Cooper

Hearing, protests slated of Edison power-lines plan

The state Public Utilities Commission will hold a public hearing Thursday in Thousand Oaks on Edison's proposal to build an electrical substation and power lines through the Tierra Rejada greenbelt.

Banks Expanding A Little Bit in the Valley

Banks moving forward with expansion plans in the Valley

Conduct a Human Energy Audit To Boost Efficiency at Your Firm

Conduct a Human Energy Audit To Boost Efficiency at Your Firm

Consumer spending returns to the spotlight

Investors will closely watch reports on personal spending and incomes in May and consumer sentiment in June.

VIA Organizes Trade Show to Highlight Local Suppliers

VIA organizes trade show to highlight local suppliers

Key Air Expands Aviation Services to West Coast

Key Aviation expanding to the West Coast at Van Nuys Airport.

Aviation Battles a Black Eye

As aircraft orders decline, business aviation industry also contending with an image crisis

Taking Stock at Mid-Year: Planning Amid Chaos

SFVBJ editor takes stock at mid-year

General Aviation Pilots Come Under New TSA Rule

Update on the Stage 2 phaseout at Van Nuys; FAA reauthorization bill

Everyone Into The Pool: Court Expands Who Gets Tips

The often contentious issue of pooling tips

Testing Firm Leases New Headquarters in Moorpark

R & D; transaction the first for a while in Eastern Ventura County, and business incubator planned for Pacoima

Phillips Graduate Institute Dealing With Probation

President of Phillips Graduate Institute resigns; school on probation

Parris: We will be capital of alternative energy

LANCASTER - Under separate action items, the City Council on Tuesday will consider changing some of the types of uses allowed on 2,310 of the city's 60,160 acres of land in its jurisdiction and consider increasing that number to 67,350.

VALLEY, L.A. COUNTY ECONOWATCH

Charts of Economic Indicators, Real Estate, Tourism...

Reseda Theater Construction Stalled in Downturn

Plans for renovating the Reseda Theater have stalled; CRA and developer CIM working together to re-start the project.

Mother-Daughter Team Helps Nurture Small Firms on Internet

Mother and daughter expanding series of web sites about local communities

What Do Regulators Look For?

What Do Regulators Look For?

VALLEY NEWSMAKERS

New hires and appointments at Valley companies.

DTS, Zoran Settle Digital Tech Lawsuit

DTS Inc. and Zoran Corp. signed a new licensing agreement following the settlement of a lawsuit between the two companies.

Online Exclusive: VICA Adds Five New Inductees to Hall of Fame

The Valley Industry & Commerce Association inducted The Beverly Garland Holiday Inn, Gelson's Markets, Los Angeles Pierce College, Spectrolab and Ritchie Valens, to its San Fernando Valley Business Hall of Fame, recognizing their contributions in shaping

Tougher Enforcement to Follow City Tax Amnesty

Mayor expects to rake in $10 million with tax amnesty program

Apparel Distribution Adding New Level of Reality to BASE

Reality show dabbles in the apparel industry

Friday, June 19

Street project to widen lanes

Years of gas tax revenue have helped fund the project, city manager says.

Cuts save city $447,800 in salary costs

PALMDALE - Continuing a string of cutbacks that started 16 months ago, city officials announced Thursday they laid off two full-time and four part-time city workers, and switched four other positions from full-time to part-time.

ABC unveils reorganized operations

The network combines its programming and production units in a cost-cutting move.

Nestle Recalls Cookie Dough Products

Nestle USA's Banking Division initiated a voluntary recall of refrigerated cookie dough products after a number of consumers reported feeling ill after eating raw cookie dough.

CEO Shuffle at Panavision

For the second time in less than three months, a new president and chief executive has been named at camera and lens developer and supplier Panavision Inc.

Homeowners report confusing, frustrating loan modification process

Those who aren't in imminent danger may have to wait in line

Regulators Approve Rooftop Solar Program

The California Public Utilities Commission approved a plan proposed by Southern California Edison to install advanced solar panels on unused large commercial rooftops across Southern California.

Thursday, June 18

Smoking laws difficult to enforce, official says

The citywide ban, passed in October, may be tweaked before city steps up enforcement.

Forecast for California: gradual clearing

Chapman University economists say recovery is imminent, but it will take until 2010 for the benefits to become evident to many because the state is in such deep trouble.

Cool roofs are hot

Moorpark company's acrylic application helps cut cooling costs

AV denounces state's budget 'fixes'

SACRAMENTO - City officials in Lancaster and Palmdale say their respective cities will pass a resolution in the upcoming weeks, denouncing another attempt by the state to seize local government funds in an attempt to fix its budget problems.

Wednesday, June 17

Consumer prices rise less than expected in May

WASHINGTON -- Consumer prices rose less than expected in May and posted the steepest annual drop in 59 years, according to government data released today, fresh evidence that the recession is keeping inflation in check.

Hospital CEO to staff: Good job; more needed

LANCASTER - If Antelope Valley Hospital was a car-crash patient, it would be out of the emergency room and out of the recovery room but still in need of some rehabilitation.

Developers get extension

Slow economy plays a role in council's decision to give project to expand the Hotel Amarano some more time.

MRV Communications Suspended from NASDAQ

Failure to file required financial statements has led MRV Communications Inc. to have its shares no longer traded on the NASDAQ Stock Market.

County official sees water rates continuing to rise

Water rates in Ventura County and throughout Southern California just keep rising, with no relief in sight for at least the next two years, the county's director of water and sanitation told the Board of Supervisors on Tuesday.

Tuesday, June 16

Providence Holy Cross Employees Raise Funds for Expansion

After a four week employee-driven effort, Providence Holy Cross Medical Center surpassed its goal of raising half a million dollars to contribute to the hospital's $181 million expansion.

MPAA Chief Urges Open Film Market in China

China needs to open its market for foreign movies to create global economic opportunities, Motion Picture Association of America Chairman and CEO Dan Glickman said to Chinese government officials and film industry professionals.

Housing starts up but manufacturing sector still ailing

WASHINGTON -- The economy took two steps forward and one step back in May as housing starts picked up but industrial production fell more than expected.

Simi Valley council adopts $56 million budget

The Simi Valley City Council adopted a $56 million budget Monday night, closing a $5 million gap by cutting all employees' salaries by 2 percent, eliminating several positions and a one-time transfer of $1.7 million from the Workers Compensation fund.

Bonds go up for city grabs

The federal funds might not be used, but officials say they're looking into options.

Capstone Posts Loss for Q4, Year

Manufacturing and overhead costs connected with the launch of two new microturbines contributed to Capstone Turbine Corp. reporting a net loss for the fourth quarter.

Monday, June 15

Data expected show economy is moving toward recovery

Reports expected on manufacturing, housing and an index of leading economic indicators hint of a rebound this year.

Income Drops for National Technical in Q1

Engineering services firm National Technical Services Inc. reported a first quarter net income drop of 26 percent when compared with the first quarter from a year ago.

Area reps vote for car vouchers

All three congressional representatives for the Burbank-Glendale area voted Tuesday to pass a bill that would provide vouchers of up to $4,500 to residents who turn in their gas hogs for significantly more fuel-efficient vehicles.

Vitesse Reaches Settlement with KPMG

Camarillo-based Vitesse Semiconductor Corporation has reached a settlement in connection with the company's lawsuit against its former auditing firm, KPMG LLP.

Judge Rules AIG Bonuses Off Limits

Federal prosecutors have been prevented from bringing up controversial retention bonuses in a in a civil case against beleaguered insurance and financial services giant AIG, a judge has ruled.

Council delays vote on building permit extension

LANCASTER - At the behest of the mayor, the City Council has postponed the first of two votes that could give developers more time to build housing tracts, shopping centers or other projects delayed by the economic downturn.

Friday, June 12

Golf course sees 'business as usual'

PALMDALE - Rancho Vista Golf Course has been under new management for more than three weeks, but employees say it is business as they know it at the westside public facility.

Equity Firm Buys Out Laser Manufacturer

QPC Lasers Corp. has been acquired by a New York-based private equity firm.

Economy Has a Long Road to Recovery, Says LAEDC

The longest running recession since 2002 could have a very slow upturn, according to Carrie Rogers, Vice President of Business Assistance and Development for the Los Angeles Economic Development Corporation.

Crescenta Valley Sun to close

Weekly newspaper's beat will become part of News-Press. Leaders say move is about efficiency.

Airlines plan more cuts amid bleak outlook

Rising oil prices are boosting the carriers' costs while the global recession and swine flu fears are prompting fewer people to travel.

California Bank Completes Alliance Conversion

California Bank & Trust has completed the conversion of Alliance Bank accounts and buildings. More than 6,000 deposit accounts have been integrated into the California Bank banking system.

T.O. budget cuts eliminate $1 million deficit

Thousand Oaks will begin the new fiscal year on July 1 with a balanced budget after the City Council approved a round of cuts this week to close a $1 million deficit.

ONLINE EXCLUSIVE: Kaiser Permanente Opens New Facility in Mission Hills

Kaiser Permanente is moving forward with an aggressive expansion of its healthcare facilities, investing $8 billion dollars on construction projects in the next four years at a time when other hospitals have shut down due to the recession.

Campaign Seeks to Close The Digital Divide

The California Emerging Technology Fund launched a public awareness program the group says will help close the "Digital Divide" by breaking down barriers that prevent Californians from accessing high-speed Internet access.

Thursday, June 11

GOP taps McKeon for Armed Services

WASHINGTON - Longtime Valley Congressman Howard P. "Buck" McKeon, R-Santa Clarita, was chosen Wednesday as the ranking Republican member of the House Armed Services Committee.

Fernando Award Finalists Announced

Five Valley citizens were chosen Thursday as finalists for the Fernando Award given annually to honor volunteerism.

Porn actress tests positive for HIV

L.A. County and California health officials say they will look into the case. It's the first confirmed case in the Southern California industry since 2004, when production was closed for four weeks.

Santa Clarita Gets AA+ Bond Rating

Santa Clarita's sound financial management and demonstrated economic and

CPA gets Nod from National Trade Publication

An Encino-based CPA was named as one of the "Top 40 Tax Advisors to Know During a Recession" in the April/May 2009 issue of CPA Magazine.

New jobless claims drop; retail sales rise

WASHINGTON -- The number of newly laid-off Americans filing jobless claims fell more than expected last week and retail sales grew in May for the first time in three months, fresh evidence that the worst of the recession may have past.

California leading growth in nation's green jobs economy, study finds

In 2007 alone, clean energy spurred the opening of 10,209 businesses with 125,390 jobs in the Golden State, according to a report by the Pew Charitable Trusts.

Employment Outlook Still Concerning

A slight improvement in hiring activity is expected in the third quarter for companies in the Los Angeles, Long Beach and Santa Ana areas, according to the Manpower Employment Outlook Survey.

Wednesday, June 10

Disney dumped illegally, suit says

Plaintiffs accuse the studio of dumping contaminants from cooling systems, affecting its neighbor.

New store moratorium proposal pulled from TO council agenda

A proposal to declare a 45-day moratorium on new home improvement, hardware and building supply stores , which would have blocked Home Depot's efforts to renovate and open in an old Kmart building on Hampshire Road , was pulled from the Thousand Oaks City

SAG approves contract

The Screen Actors Guild wins residuals for shows that stream on the Internet and a 3% pay raise. The contract passes in a landslide vote.

Ixia Restructuring Includes Layoffs

Network equipment testing firm Ixia expects a savings of $6 million through a restructuring that includes cutting up to 10 percent of its global workforce.

Tuesday, June 9

Lancaster mulls $68.8 million budget cut plan

LANCASTER - Elected officials today will discuss a new city budget that would, if adopted without changes on June 23, cut municipal spending by approximately $68.8 million.

Deadline for SAG Contract Ballots

Balloting ended June 9 by members of the Screen Actors Guild to vote on approval of a new contract with the major Hollywood studios.

Montecito Bank & Trust's full-service Ventura branch to open

Santa Barbara-based Montecito Bank & Trust today will mark the opening of its first full-service branch in Ventura.

County Supervisors Share Concerns on State Budget Cuts

The United Chambers of Commerce of the Greater San Fernando Valley's Small Business Awards Breakfast featured a "state of the county" address by L.A. Supervisors Mike Antonovich and Zev Yaroslavsky.

April wholesale inventories fall 1.4%

WASHINGTON -- Wholesalers slashed inventories more than expected in April as businesses struggled to get stockpiles in line with falling sales.

Alex Theatre in black

City subsidy, cutting costs helped theater keep numbers higher than last year.

Monday, June 8

'People Are Tired of the Process of Buying a Car'

Oren Weintraub has a different model of car buying.

Lenders in talks for control of Tribune

The plan, which is in the early stages of negotiations, centers on a debt-for-equity swap that probably would give the senior lenders a large majority ownership stake in the reorganized Chicago media firm.

City's Living Wage Mandates Could Force Layoffs

LA: An unfriendly place for business

VICA Joins Fight Against "Card-Check" Legislation

Valley Industry and Commerce Association goes to Washington to lobby against "card-check" legislation.

Banking Incentive Program Hopes to Help Low Income Families

Councilman Alarcon is promoting the establishment of more banks

Scratchin' Out a Cat Livin'

Valencia couple find a Purr-fect business in design-quality climbers, beds, and toys for discriminating felines

VALLEY NEWSMAKERS

New hires and appointments at Valley companies.

Smart & Final Growing "Extra" Strong

Smart & Final is expanding its new "Extra" stores in the Antelope Valley.

Sepulveda VA Government Giveaway of Veteran's Land

Government Giveaway of Veteran's Land

Lancaster plans on 'not missing the boat' again

LANCASTER - When the economy rebounds and businesses again look to expand, the city of Lancaster plans to be ready.

The Green Group

Five companies that are doing something interesting in the green realm.

Restaurants Seeing Dip in Business Lunch Crowds

In the current economic climate business lunch habits are changing

Economic Summit Looks at Top Trends Expected to Shape Business in Future

Burbank and Woodbury University take a look at the economic future

Valley Companies Join In As E3 Brings Back Glitz

The E3 video and computer gaming trade show has regained the carnival-like atmosphere of past shows.

Group Competing for Alternative Vehicle X-Prize

A group of Valley inventors is participating in the X-Prize competition to build an alternative energy vehicle.

VALLEY BIZ SEEN

Photographs of business-related events in the valleys, including parties, awards dinners, benefits and other celebrations.

Creative Green Construction Doesn't Have to Be Expensive

Going off the grid.

Builders Taking the LEED

What does it take to be a LEED-certified building and why is a LEED certification so important or is it.

VALLEY STOCK WATCH

Stock activity for 50 selected greater San Fernando Valley-based public companies: Bi-Weekly Top Gainers, Losers; The Valley 50 Stock Index; 52-week Performance; Market Summary / Indexes

Does Your Company Want a Free Ad Makeover?

It's not the right time for businesses to cut back on advertising and marketing. Column by SFVBJ Editor, Jason Schaff

State's Two-Tier Accounting Accreditation Criticized

California is one of only four states that have a two-track system for becoming a certified public accountant.

Vacancies Expected to Increase at Retail Sites

San Fernando Valley retail vacancy rates are expected to keep climbing and rents falling in 2009

Class Action Lawsuit Limits Up In Smoke?

The state Supreme Court has issued a ruling that worries businesses regarding frivolous lawsuits.

Crowe Horwath, New York-based Hays & Co. Combine

Crowe Horwath, New York-based Hays & Co. Combine

FAA Reviewing Curfew Request

FAA Reviewing Curfew Request

Simi Valley considers 50 job cuts to fill budget gap

Although Simi Valley officials call it a last resort, they are considering cutting about 50 city positions to balance an ever-shrinking budget.

Despite All the Talk, Tracking Green Jobs Can Be Difficult

What are green-collar jobs and will many unemployed or under-employed people be able to take advantage of these jobs?

Non-Profit Organizations

Non-Profit Organizations

AROUND THE VALLEYS

A look at the people, places and things that make our valleys tick.

Company Brand May Be Firm's Most Valuable Asset

Company Brand May Be Firm's Most Valuable Asset. Plus: Disney Online Closes Kaboose Deal

Staying Focused

Steve Hirsch of production company Vivid Entertainment.

Burbank Driving Ahead of The Pack on Road to Future

The City is one of the more progressive ones when it comes to "green".

Firms Change Health Strategy

Businesses are switching to cheaper health plans in order to cut costs

Driving Into New Territory

A group discussion on the future of the auto business.

Chamber Briefs: Awards Highlight Local Gatherings

Events at local chambers. PLUS: Local Chambers Honored for their Business Advocacy

New Models for Success May Emerge From Auto Chaos

The auto industry is at a turning point. What are area companies and firms with ties to the auto industry doing to prepare for a changed future?

"Free Choice" or "Forced Choice"

"Free Choice" or "Forced Choice". Greg Lippe's final column

VALLEY, L.A. COUNTY ECONOWATCH

Charts of Economic Indicators, Real Estate, Tourism...

Friday, June 5

SEC Charges Former Countrywide Execs

The Securities and Exchange Commission announced yesterday it has charged former Countrywide Financial CEO, Angelo Mozilo, and two other former executives with securities fraud.

Contract Awarded to Teledyne Scientific

A subsidiary of Teledyne Technologies Inc. received an $8 million to develop electronics devices and integrated circuits over the next two years.

Company Sought for Advertising Makeover

The Business Journal and Glyphix Advertising are looking for a company to take advantage of a free ad makeover that will be reported on in a series of articles.

Thursday, June 4

Bank of America's offers to modify Countrywide home loans top 100,000

The number during the four months that ended March 31 are more than double the amount required in the period under an agreement between the bank and states including California.

Palmdale fears state fund grab

PALMDALE - If the state government takes an estimated $1.9 million in property tax funds from the city - an increasingly likely part of the plan to balance California's budget - Palmdale will be in dire financial straits, city leaders agreed Wednesday.

Stimulus money not likely for field lab demo

The federal Department of Energy will likely scrap plans to use stimulus money to demolish buildings at its former nuclear test site at the polluted Santa Susana Field Laboratory after the idea received a cool reception from the community, officials said.

Wednesday, June 3

Grant Thornton Int'l Names New CEO

Grant Thornton International announced Edward Nusbaum will serve as the firm's next CEO.

City survey: Medipot welcome

Lancaster residents give OK to dispensaries, 64% to 36%

Pending sales of existing homes rise 6.7% in April

The National Assn. of Realtors says that its seasonally adjusted index of sales contracts signed during that month surged 6.7% to 90.3 in the biggest monthly jump since October 2001.

Veteran retailer feeling economic squeeze

Recession weighs heavily on small-business owners

Valley Presence Strong at E3 Gaming Convention

Companies from the greater Valley region were well represented among the exhibitors at the E3 video and computer gaming trade show at the Los Angeles Convention Center through June 4.

BlackLine Opens Paris Office

Financial software provider BlackLine Systems has opened a new office in Paris to serve clients doing business in Europe, Africa and the Middle East.

Council likely to hike utility rates

Handful of residents complained they were not well informed about the possibilities of paying more for water, trash.

Tuesday, June 2

VIA Luncheon to Discuss Economic Development

County Plan to Be Focus of Meeting

Monday, June 1

City awaits energy boost

Federal stimulus money may become available to conservation programs locally.

Crowe Horwath, New York-based Hays & Co. Combine

Crowe Horwath LLP, which has offices in Sherman Oaks, and is one of the country's 10 largest public accounting firms, has combined with New York City-based Hays & Company, LLP.

FAA Reviewing Curfew Request

The Federal Aviation Administration begins a six month review process for a mandatory curfew at Bob Hope Airport after finding the airport's application was complete.

Consumer spending dips, savings rate surges

WASHINGTON -- Frugal consumers trimmed spending in April -- although by less than expected -- as rising unemployment kept pocketbooks in check and motivated Americans to save.

'Clean-tech' start-ups are pushing the green button

Hara, which launches today, is the latest IT effort to help firms and the planet through software to manage water and energy use.

Burbank Economic Summit Looks at Top Trends Shaping the Future

It was not long ago that computers were slow, had black and white screens, and still cost upwards of $2,400. Only a few years ago, the notion of uploading a presentation from an eight gigawatt USB drive was inconceivable.