Stories for March 2009
Tuesday, March 31
Provision Interactive Technologies has received a patent for a device to improve image quality and reduce the costs of its 3D projection system.
Cutting hours back or expanding validation beyond theaters are possible solutions.
The company will provide ESPN sports highlights and ABC News updates, as well as snippets from the ABC broadcast network and ABC Family cable channel.
A fire of unknown cause consumed a business in an industrial area of Simi Valley, authorities said.
Workers who see a bigger paycheck after April 1 may be tempted to wonder if there's been a mistake (or if their employers are playing an April fool's joke on them). But it's just the Making Work Pay tax credit, which was a part of the federal stimulus pa
Vitesse Semiconductor Corp. will cut 12 percent from its worldwide workforce to reduce operating expenses, the company announced.
Rustic Canyon/Fontis Partners, a Pasadena-based private equity fund, and St. Cloud Capital, a Los Angeles-based private equity firm, have acquired the Johnson Products Co. unit of Procter & Gamble Co.
Monday, March 30
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
Attorneys in the middle of employer-employee relations.
Photos from the 2009 Valley's Top Human Resources Pros Awards Reception
Photographs of business-related events in the valleys, including parties, awards dinners, benefits and other celebrations.
Is There a Union in Your Future? Labor Law Reform II. Guest Column by Richard Rosenberg
Remembering Galpin Motors HR director Joyce McNeely
ENTERTAINMENT - Reporter Mark Madler on the Famous Radio Ranch
A subsidiary of Teledyne Technologies Inc. has been named as a center for development of aircraft that can travel five times the speed of sound and faster.
Options for out-of-work professionals to find a new job.
Joyce McNeely Award for Excellence in Employee Relations - Armine Muradyan, REM Eyewear
Rachelle Prince, Woodbury University, Burbank
The company's situation reflects problems throughout the life insurance industry as investments suffer. Further strain could bring about a second financial crisis.
Reporter Linda Coburn offiers lending transparency guidelines
They say the kiosks' cheap fees could hurt DVD sales, undermining economics that have long propped up the film business.
TEHACHAPI - U.S. Rep. Kevin McCarthy has introduced legislation to extend federal tax credits for wind-generated electricity and other renewable energy, saying that a long-term plan is needed to make the renewable-energy industry more stable.
VICA opposes changes to the Cultural Heritage Ordinance. Local Update:
Columnist Ira Rosenblatt provides direction on legal questions
United Chambers of Commerce business recognition awards.
Thursday, March 26
PALMDALE - A 60,000-square-foot medical office center adjacent to the new Palmdale Regional Medical Center near Palmdale Boulevard and Tierra Subida Avenue is one step closer to opening now that it has a name.
San Fernando Valley business leader David Fleming has been appointed to the board of the directors of the Metropolitan Water District.
Heavy weight movie studios, including Disney, Warners, Sony, Fox, Universal and others have asserted in court documents that online media application firm, RealNetworks, destroyed evidence in a declarative-rights lawsuit filed by the studios.
The Ventura County median price of existing single-family homes sold in February declined 1.3 percent from January and 30.9 percent from a year ago, the California Association of Realtors reported.
With the La Ca & #324;ada Flintridge retailer's 55 stores in many of the nation's worst-hit housing markets, analysts worry that the company could soon be forced to reorganize or seek a buyer.
Wednesday, March 25
The Ventura County Board of Supervisors agreed to apply for a federal stimulus grant that could provide up to $2.7 million to buy vacant, foreclosed homes in the county and either sell or rent them as affordable housing.
The commercial real estate services giant, hurt by the dismal real estate market and prolonged credit freeze, renegotiates its credit agreement with dozens of lenders.
Image Entertainment Inc. has extended into April the closing on a merger deal with Nyx Acquisitions Inc. that has been plagued by financial difficulties.
Barcode printer manufacturing company Godex International Co. Ltd. expanded its services in the United States with the opening of an office in Camarillo.
Model for funds is being switched up a bit to reflect market, treasurer says.
Organizers have ambitious plans for this year's Method Fest Film Festival.
Plans to encourage patronage of local businesses require more research, council says.
Tuesday, March 24
Tapping into the flow of federal stimulus money, Naval Base Ventura County plans to use the green to get a little greener.
The two congressmen representing the Antelope Valley and its defense-heavy industrial interests are communicating with Defense Secretary Robert Gates seeking support for continued development of the Airborne Laser Program, a high-technology system in test
New tax credit helps lure first-time buyers. Median price falls again.
Monday, March 23
Just about every fiscal and monetary decision the federal government has made under President Barack Obama has been an attempt to fight the recession by getting money pumping through the clogged arteries of the economy.
A subsidiary of Teledyne Technologies Inc. received a $6.2 million contract for a fleet of underwater gliders to assist in positioning of U.S. Navy ships during maneuvers.
Image Entertainment Inc. continues negotiations with Nyx Acquisition Inc. on a merger between the two companies.
Some who once made gory games to entertain themselves have grown up and broadened their sense of fun with titles their kids can enjoy.
Will toxic assets now uniformly be called "legacy assets?"
Agency will hear proposal Tuesday. Mayor says preliminary feed back positive.
The San Fernando Valley Bar Association passed a resolution in support of judicial independence in response to what members believe has been too much political pressure applied to the justices of the California Supreme Court in regard to the pending decis
Friday, March 20
For the third time, Image Entertainment Inc. has alleged a breach in its merger agreement with Nyx Acquisitions Inc.
Wednesday, March 18
Orders from international markets and repeat Defense contracts contributed to AML Communications receiving more than $1 million in bookings for March.
Simi Valley is requesting $800,000 in housing and community development grant money to repave roads again this year, more than the entire amount the city will receive in the coveted federal money.
LANCASTER - Green jobs will provide greenbacks for Antelope Valley residents, at least that's the thrust behind the High Desert Region Green Jobs Initiative.
WASHINGTON -- Consumer prices rose in February by the largest amount in seven months as gasoline prices surged again and clothing costs jumped the most in nearly two decades.
Despite a 29 percent decline in closings in 2008, Westlake Village-based Ryland Homes managed to move up a notch in the Top 10 Builder rankings released by Builder Online.
Public pools, library upgrades among projects for which city officials hope to secure funding from stimulus package.
Tuesday, March 17
The Small Business Administration announced the elimination of most fees on SBA 7(a) and 504 loan programs.
Medical products manufacturer North American Scientific filed for bankruptcy on March 11.
Fewer sales of its fiber optic components and the foreign currency exchange rate will contribute to first quarter revenues in the range of $104 million to $110 million for manufacturer MRV Communications Inc.
Camarillo residents interested in becoming entrepreneurs could soon get financial assistance if a business-loan program expands to the city.
WASHINGTON -- Housing construction posted a surprisingly large increase in February, bolstered by strength in all parts of the country except the West.
PALMDALE - Antelope Valley-East Kern Water Agency directors plan to recruit an executive search firm that would look for a new general manager to take on that leadership role once AVEK's current general manager, Russ Fuller, retires.
Monday, March 16
Jeff Framer has been named as the new president of Image Entertainment, a distributor and producer of home entertainment programming.
Firms are working to help apparel makers weather a perfect storm.
College's Small Business Development Center expands its reach
Guest columnist Marc Emmer gives owners ways to manage
Consumer advocates say supermarket scanners should be programmed to trigger an alert when shoppers try to buy a recalled product. Some chains already are doing this.
Big layoffs like those downtown haven't happened here
Palmdale Manufacturer Finds Flexibility in Local Base
Reporter Linda Coburn covers office changes, transactions
Providence Saint Joseph received $1.3 million from two donors
The economic stimulus package signed by President Obama on Feb. 17 (its official title is "The American Recovery and Reinvestment Act of 2009") creates a new, temporary employer- paid COBRA subsidy.
Some lenders exit the program while others are gearing up to meet demand
Editor Jason Schaff hopes city officials read between the lines of election results
PALMDALE - At this time a rate hike is momentarily on hold for Palmdale Water District customers.
The adult novelty business advocates keeping manufacturing local.
Guest columnist Ben Tenn says businesses have a story to tell
Dozens of Ventura County service station operators could be fined or forced out of business starting next month for failing to install mandatory but costly fueling system upgrades designed to reduce air pollution.
The City of San Fernando came away with the overall Best of Show at the Advertising Professionals of North Los Angeles awards presentation.
Friday, March 13
The College of the Canyons has turned to a veteran financial industry professional as the new director of the Small Business Development Center.
Westlake Village has awarded a contract for $4.7 million for road improvements at the intersection of Highway 101 and Lindero Canyon Road.
Farmers Insurance is transferring customer service jobs from its Simi Valley office to new facilities in three states.
PALMDALE - People who participate in Palmdale Water District's newest conservation program can help the agency save water while saving themselves time spent on mowing the lawn.
The landmark haberdashery on Montrose's picturesque Honolulu Avenue is going out of business after more than 50 years.
He says proposed farmers market would help ailing competitor , not unfairly sap sales.
Thursday, March 12
Six Flags Inc., which owns Magic Mountain in Valencia and 19 other theme parks, said that it might need to file for Bankruptcy Court protection if the company can't restructure its debt by mid-August.
The Ronald Reagan Presidential Library and Museum in Simi Valley won a themed entertainment award for its interactive educational exhibit, the Air Force One Discovery Center.
Vince Liuzzi, regional president of the Wells Fargo San Fernando Valley Community Bank has accepted the position of regional president of the Greater Philadelphia and Delaware market.
WASHINGTON -- Retail sales fell in February for the seventh time in the past eight months. While the decline was less than expected, economists are still looking for continued weakness given the battering households are taking from a prolonged recession.
An impairment charge of $52 million on a number of its radio stations contributed to Salem Communications Inc. to post a net loss for the fourth quarter.
Wednesday, March 11
LANCASTER - The City Council agreed 4-0, in the absence of Mayor R. Rex Parris, to offer an incentive plan to employees willing to save the city money by retiring early.
Attempts to kill 'golden coffin' benefits and to give shareholders a voice on executive pay fail.
In an effort to fill a multimillion-dollar budget deficit, the city of Thousand Oaks will offer buyouts to certain employees, following approval of the program by the City Council.
Larry Bowe has been appointed as chief executive of Holy Cross Medical Center in Mission Hills, replacing Kerry Carmody, who was named COO of Providence' California operations late last year.
BURBANK , Amid Gov. Arnold Schwarzenegger's pronouncement of a statewide drought emergency last week, local officials are touting a citywide policy that makes the use of recycled water on large irrigated landscaped areas mandatory.
Tuesday, March 10
The Valley Fair will not take place this year to give more time to find a permanent location for the event.
Conservancy says buildings historic; legal action likely to delay project
The company has said it's opposed to giving investors a nonbinding advisory vote. Preliminary results of the proposal are due out at a meeting today.
LANCASTER - Industrial firms could be granted exemptions under a new city ordinance that would regulate the use of cargo containers for storage purposes.
Community banks across the country report that deposits are increasing, retail and business customers are joining, and lending has risen.
Monday, March 9
Vivid Entertainment can distribute a film loosely based on adult film classic "Deep Throat" after a Los Angeles Superior Court turned down a motion for a temporary restraining order.
More hold up beyond debuts, helping box office race past last year.
Aircraft and energy systems manufacturer AeroVironment Inc. revised its guidance on revenues for the year, anticipating lower sales due to the economy and a decrease in its backlog as customer orders are shipped.
FAA says application is missing answers to two questions. Airport authority has 30 days to resubmit paperwork.
Company hasn't made payments on a $60 million line of credit or on the leases for five theaters
Image Entertainment Inc. received its full business disruption fee deposit from merger partner Nyx Acquisition putting the deal on track to close this month.
LANCASTER - The City Council on Tuesday will consider offering municipal employees a financial incentive to retire early.
Friday, March 6
Sydney Yallen, who grew direct response advertising firm Inter/Media Group into a $450 million enterprise, died following a stroke. He was 85.
Thursday, March 5
Interthinx of Agoura Hills has begun airing a web-based video news series called FraudBytes that is geared to the financial services industry.
K-Swiss reported a $13.7 million net loss in the fourth quarter of 2008 and said that it would be suspending its common stock dividend "for the foreseeable future."
Wednesday, March 4
The Los Angeles metropolitan region was the Energy Star approved capital of the country for commercial buildings in 2008, said the U.S. Environmental Protection Agency.
ACTON - Conservation agencies will take control of more than 180 acres of land in Soledad Canyon and other areas around Acton and in northern Santa Clarita with the help of a county grant.
A strong schedule of holiday programming contributed to Hallmark Channel parent company Crown Media Holding Co. reporting a profit for the fourth quarter.
A decrease in orders for its semiconductors contributed to a 58 percent drop in net income for Semtech Corp. in the fourth quarter.
Driven by a 33 percent drop in automobile imports, cargo traffic at the Port of Hueneme has slowed considerably over the past several months.
Image Entertainment Inc. has ended its planned merger with Nyx Acquisition after not receiving a business interruption fee.
WASHINGTON -- A private measure of the services sector shrank in February for the fifth straight month as layoffs mounted, the recession deepened and the outlook for any recovery this year grew darker.
Leaders defend benefit cuts in a proposed pact with Hollywood film and TV studios, but critics say they go too far.
Pacifica Hospital of the Valley, has filed for Chapter 11 bankruptcy protection, the Daily News of Los Angeles has reported.
Regional accounting giant Miller, Kaplan, Arase & Co. LLP, of North Hollywood, and Sherman Oaks-based Wolinsky, Becker & Hurewitz, LLP join.
uWink Inc. completed the spin-off its technology licensing business, which has been named Tapcode Holdings Inc.
Revenue is down by $1.97M, although holiday shopping figures and property tax fees haven't been reported yet.
Tuesday, March 3
WASHINGTON -- The Federal Reserve today rolled out a much-awaited program aimed at boosting the availability of credit to consumers and small businesses.
Electronic Sensor Technology will sell six of its odor detection units through a distributor for homeland security use in Pakistan.
The on-again, off-again merger between Image Entertainment Inc. and Nyx Acquisitions appears to be off again after Nyx failed to meet a fee-payment deadline.
A device to treat partial leg paralysis has been made available to patients in a national network of orthotic and prosthetic facilities through an agreement with Bioness Inc., designer and manufacturer of the device.
White judicial candidates in California still outnumber all other races by wide margins and, as a whole, represent a substantial majority of all nominees presented for appointments to the bench, new data released by the Commission on Judicial Nominees Eva
First California Bank focuses in businesses and not residential loans, executive says.
A merger of sales teams of fitness equipment distributors Out-Fit and Twenty-Four 7 Fitness Supply will give increased access to the commercial fitness market.
Las Vegas turned family friendly, so why not Old Town Camarillo's Buckhorn Saloon.
Monday, March 2
The use of very light jets has not met the great expectations
Area hotels see locals as the antidote to decreasing numbers of tourists
Two major cruise lines call the Valley home
The city of Lancaster will offer a vehicle registration rebate program as part of its Local Economic Stimulus Package, which is expected to generate $110 million for the area.
Guest columnist Richard Rosenberg on the Fair Pay Act
First California Bank President C.G. Kum rang the opening bell at the NASDAQ on March 2 in honor of the financial institution's 30 year anniversary.
Easton Sports received exclusive rights to provide equipment to all teams participating in the Little League World Series, the company announced.
Glendale has stirred controversy after installing parking meters on Brand
Photographs of business-related events in the valleys, including parties, awards dinners, benefits and other celebrations.
New DVD reveals Obama's public speaking secrets
Time of Transition. New Pratt & Whitney GM Ron Ramos Has Lots to Do
Guest columnist Scott Harris writes about getting aggressive
Linda Coburn talked with commercial firms about distressed assets
Getting primary students interested in math and science
The new Sheraton GM shows off a $25 million renovation
Coverage of the Antelope Valley business outlook conference
A look at the few local hospitality and tourism education programs