Stories for July 2012

Tuesday, July 31

DreamWorks Animation Income Slides in Q2

A strong box office performance of “Madagascar 3: Europe’s Most Wanted” wasn’t enough to keep DreamWorks Animation SKG Inc. from a steep drop in net income and revenue for the second quarter when compared to a year ago.

Net Income Doubles for Wesco Aircraft

A reduction in interest expense and a lower tax rate contributed to an increase in net income in the third quarter for Wesco Aircraft Holdings Inc. when compared to the same period a year ago.

uSamp Adds to Its Board of Directors

Market research sampling firm uSamp has added two new members to its board of directors.

Monday, July 30

Providence Saint Joseph Medical Center Names New Chief Executive

Providence Saint Joseph Medical Center’s 70th year will usher in a new president and CEO.

Friday, July 27

Sales in Europe Help Power-One in Q2

Power-One Inc. increased its net income by 47 percent in the second quarter when compared to a year ago, helped by strong sales of its alternative energy inverters in Europe.

New President Named for Universal Studios Operations

NBCUniversal has named Michael Moore as the new president and general manager of the Universal Studios operations where he will head up production and sound services, facilities and marketing.

Crown Media Revenue Dips in Q2

Crown Media Holdings Inc. reported a 38 percent decrease in net revenue for the second quarter when compared to the same period a year ago.

Thursday, July 26

Munchkin Inc. Wins More than $13 Million in False Advertising Case Against Playtex

Munchkin Inc., of North Hills, a designer and manufacturer of infant and toddler products, announced July 26 that a federal jury in Los Angeles awarded it $13.5 million in its false advertising lawsuit against Playtex Products LLC.

New CEO to Lead Sherman Oaks and Encino Hospitals

Bockhi Park has been appointed as the new CEO of Sherman Oaks Hospital and Encino Hospital Medical Center, the hospital’s parent company, Prime Healthcare, said Thursday.

Teledyne Technologies Income Drops in Q2

Teledyne Technologies Inc. had a 74 percent drop in net income for the second quarter when compared to the same period a year ago.

Wednesday, July 25

UCLA Health System and CVS MinuteClinic to Collaborate at 11 L.A. County Clinics

The retail health care division of CVS Caremark, MinuteClinic, and UCLA Health System announced a clinical affiliation, according to UCLA Health Sciences.

Bank Merger Approved by Shareholders

Shareholders of California United Bank and Premier Commercial Bancorp approved a merger of the two financial institutions.

Palmdale Regional Medical Center Awarded for High Organ Donation

The U.S. Department of Health and Human Services recently recognized Palmdale Regional Medical Center for high organ donation rates and will award it with a bronze medal of honor in an October ceremony.

Tuesday, July 24

THQ Complies for NASDAQ Listing

Video game publisher THQ Inc. regained compliance for continued listing on the NASDAQ Global Select Market, the company announced July 24.

Monday, July 23

LegalZoom Estimates IPO Prices

LegalZoom, an online subscription-based legal document provider based in Glendale, stated in an SEC filing July 23 that its estimated initial public offering price will be between $10 and $12 per share.

Northridge Hospital Names New Chief of Staff

Northridge Hospital Medical Center has elected cardiologist Dr. Zouheir H. Elias as the new Chief of Staff, according to the hospital. His new title is President of the Medical Staff, which includes more than 800 physicians.

Rocketdyne Sold for $550 Million

The Rocketdyne division of Pratt & Whitney is being sold for $550 million to GenCorp., a northern California aerospace and defense company.

DreamWorks Animation Adds to Library with Classic Media Acquisition

DreamWorks Animation SKG Inc. has purchased the library of Classic Media, owners of “Casper the Friendly Ghost,” “Lassie,” and other family characters and brands in a deal valued at $155 million.

Calabasas Marketing Firm to Represent Petroleum Products Company

Advertising and marketing firm Mile 9 has been chosen as the agency of record by Omni Specialty Packaging, a petroleum product design and manufacturing company.

Studios Shine at Comic-Con

Disney, Warner Bros. among several Valley firms at conference.

ENTERTAINMENT: Disney and Warner Bros. shine at Comic-Con annual industry convention

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Law Firm Wins $89 Million Suit

Law: Woodland Hills firm fought class-action battle for seven years.

LAW: Small law firm takes on giant multinational company and wins $90 million in class-action case.

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Ready to Launch

Virgin Galactic slates new rocket site for Mojave

AEROSPACE: Virgin Galactic announces a new rocket to carry small satellites into orbit.

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One Lambda Sale Nets Opportunity

Deal: Thermo Fisher Scientific buys firm for $925 million.

HEALTH CARE: One Lambda’s $925 million sale assures succession plan for life sciences company.

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Reporter Prepares to Live Olympic Dream

Media: NBC aims to tell inspiring local stories that drive ratings.

MEDIA: NBC4 Southern California TV reporter heads to London with mission of boosting Olympics ratings.

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Flying for the Gold

Olympics may help Valley charter aviation firms win business.

AVIATION: Summer Olympics may help Valley charter aviation firms win business

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Ford Dealer Snags Some Sparks

WNBA players host clinic, meet fans.

AUTO: Simi Valley car dealer sponsors basketball clinic with LA Sparks player

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ThermaSol Launches Mobile App

Wireless technology gives steam shower users more convenience.

TECH: ThermaSol launches first mobile app for its steam shower systems

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Galpin’s New Race

Retail: Valley auto company will open Volkswagen dealership in North Hills as it strives to be the automaker’s No. 1 dealer.

CARS: Valley auto dealer Galpin Motors to open Volkswagen dealership in North Hills

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Verdugo Hills Hospital in Merger Discussions

STRATEGY: Partnership with Keck Medical Center of USC may aid area hospital.

MERGER: Verdugo Hills Hospital initiates merger discussions with USC

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Toro Kitchen Opens New Showroom for Customers

Expansion: Kitchen and restaurant supply business more than doubles its space.

GROWTH: Toro Kitchen Restaurant Equipment and Supply in Canoga Park more than doubles its space

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Valley Hospital Seeking ‘Baby-Friendly’ Status

Health Care: Antelope Valley Hospital program to offer moms breastfeeding support.

HEALTH CARE: Antelope Valley Hospital selected to join national breastfeeding program

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Habitat for Humanity ReStore Draws Shoppers

Nonprofit: Sales from the new Chatsworth retail outlet will fund housing projects.

RETAIL: Habitat for Humanity opens ReStore outlet in Chatsworth to serve the San Fernando and Santa Clarita valleys

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Clean Machines

Valencia-based UltraViolet Devices eliminates harmful microbes in health care settings.

INNOVATION: UltraViolet Devices of Valencia manufactures UV cleaning devices for commercial, residential, government and health care uses

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Feel Good Designs

Ravi Sawhney of RKS helps companies to create products that resonate with consumers

DESIGN: Ravi Sawhney, founder and CEO of Thousand Oaks product design firm RKS

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New Managing Partner Leading SingerLewak

ACCOUNTING: Accounting firm’s succession planning process grooms young employees.

Accounting firm SingerLewak LLP recently promoted longtime staff member Jim Pitrat to be the third managing partner in its more than 50 year history.

Valley Advertising, PR Firms Expand Services

List: Online firms ValueClick and ReachLocal rank as Valley’s largest players.

LIST STORY: Valley advertising, PR firms expand digital and global footprint. Includes SFVBJ's 2012 VALLEY'S LARGEST ADVERTISING and PUBLIC RELATIONS AGENCIES list for download (pdf)

Camarillo Corporate Center Sells for $59.1 Million

REAL ESTATE: Brokers say transaction was largest industrial sale in Camarillo since 2007.

The Mission Oaks Corporate Center in Camarillo recently sold for $59.1 million, a deal that real estate brokers say represents the largest Ventura County industrial transaction since 2007.

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New Woodbury University President Takes Helm

EDUCATION: Luis Ma. R. Calingo will be inaugurated in a ceremony in October.

Luis Ma. R. Calingo, Ph.D., recently became the 13th president of Woodbury University, succeeding the retiring Kenneth R. Nielsen, Ed.D.

Navigating the Valley Just Became Easier?

FROM THE NEWSROOM

Each day, an estimated 24,000 passengers cross Lankershim Boulevard to transfer between the Orange and Red Line services.

Gross Receipts Tax Stifles Valley Biz

VICA LOCAL UPDATE

The Valley Industry and Commerce Association (VICA) has been fighting for reform of the business tax in the city of Los Angeles for over a decade.

VALLEY BIZ SEEN - July 23, 2012

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

Tix Corp. Sells Exhibit Merchandising Subsidiary

Strategy: Loss of King Tut Exhibit forces Studio City company to shed division.

DEAL: Studio City-based Tix Corp. sells its exhibit merchandising division

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Editorial Cartoon - July 23, 2012

This week's Editorial Cartoon by Steve Greenberg

Tuesday, July 17

Verdugo Hills Hospital Initiates Merger Discussions with USC

The Verdugo Hills Hospital board of directors voted at its June meeting to “initiate merger discussions” with the Keck Medical Center of the University of Southern California

Kaiser Permanente Submits Plans for Antelope Valley Expansion

Kaiser Permanente presented plans to the Lancaster City Planning Commission for a 136,000 square-foot specialty care medical office building, the company announced this week.

Wednesday, July 11

New Operator Takes Over Van Nuys FlyAway Service

Bauer Transportation Inc. began operating the FlyAway bus service on July 11 between Van Nuys and Los Angeles International Airport.

Health Net Honored with Web Health Awards

Health Net, Inc. received three awards at the 14th annual Web Health Awards Winter/Spring 2012 Competition for creating electronic resources that help it connect with consumers and promote health education.

Martial Arts Master Joins NAI Capital

NAI Capital’s Encino headquarters has a “master” as its new vice president specializing in investment properties: martial arts master Bob Wall.

Animation Network Drawing Up Distribution Deals

ELECTRONICS: Toon Goggles reaches agreements on pre-loaded apps for TVs, tablets.

ENTERTAINMENT: Online animation network Toon Goggles gets distribution deals for TV and tablet computer

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Tuesday, July 10

Woodland Hills Law Firm Wins $90M Class-Action Case

Woodland Hills law firm Roxborough, Pomerance, Nye & Adreani, LLP has been awarded $89.7 million in wages, interest and penalties on behalf of about 15,000 former and present security guards.

Antelope Valley Hospital Selected for National Breastfeeding Effort

Antelope Valley Hospital was among 90 hospitals selected to participate in Best Fed Beginnings, an innovative national effort to improve breastfeeding rates in states where they are currently lowest.

Mission Community Hospital Posts ER Wait Times Online

Panorama City’s Mission Community Hospital has begun posting its estimated emergency room wait times online.

Airport Commission Solicits Runway Repair Bids

The Los Angeles Board of Airport Commissioners has issued a request for bids for the runway repair project at Van Nuys Airport.

Monday, July 9

Meggitt Consolidating

Safety: British company investing more than $10 million to upgrade buildings to prepare for 200 more employees.

AEROSPACE: Meggitt Safety Systems in Simi Valley ramps up for consolidation.

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Microloan Program to Aid Small Business Owners

Finance: Five Valley area businesses apply for a crowd-funded micro-loan

FINANCE: Valley Economic Development Corp. participates in Kiva loan program.

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Orange Line Extension Opens for Riders

BUS: Time will tell whether ridership will meet expectations

TRANSIT: Orange Line busway extension opens in the West Valley.

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Accountants Develop Specialties to Serve Clients

FROM THE NEWSROOM

EDITOR COLUMN: Accounting specialties and journalism awards

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PRESERVE & PROTECT

Ron Stark of S/R Laboratories Animation Art Conservation Center, keeps old-fashioned animation techniques alive and well.

ART: Ron Stark’s team keeps old animation techniques alive.

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Behavior therapy

Iranian immigrant builds $36 Million business by giving autistic kids a chance

THERAPY: Tarzana physician’s $36M business leads the charge against autism.

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Health Care Firms Unite

DEALS: Facey joins Providence; Dignity to buy U.S. HealthWorks.

HEALTH CARE: Four area health care providers plan mergers and affiliations.

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Mixed Chicks Hits Target

RETAIL: Canoga Park firm’s hair products reach the masses.

BEAUTY: Mixed Chicks and Target do it up big with a hair care product line expansion.

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Valley Accounting Firms Eyeing Tax Laws, Mergers

TAX: Valley accounting firms prepare for mergers and 2013 tax law changes. Includes SFVBJ's 2012 VALLEY'S LARGEST ACCOUNTING FIRMS list for download (pdf)

Care To Taste Some Olive Oil?

Studio City store sells mostly high-end olive oil and vinegar

RETAIL: Ferrari Olive Oil Company to open a new store in Studio City this summer.

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Dissident Qualstar Shareholder Considers Next Move

PROXY: Simi Valley company makes changes to its strategy, following vote in its favor.

PROXY FIGHT: Dissident shareholder plots next move for changes at Qualstar.

Digital Deal for Carolla

Radio host to get distribution for podcast

MEDIA: Online radio host Adam Carolla enters distribution deal with TuneIn.

Recruiting Begins for Munchkin Bunch

Munchkin launches social media program

MARKETING: Baby product company Munchkin Inc.’s Facebook program.

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Maura Tierney Partners with Amgen

Actress to help debunk chemotherapy myths

HEALTH CARE: Amgen and actress launch chemotherapy awareness campaign.

Estrella TV Launches Two New Summer Programs

TV: Network captures U.S.,Hispanic viewers with shows that,mirror mainstream programs.

MEDIA: Estrella TV finds audiences copying mainstream programs.

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Local Adult Education Programs Survive, but will Shrink

Education: Half of the adult learning classes will be eliminated this fall

EDUCATION: North and West Valley Occupational Centers adjust for budget cuts.

Steakhouse Brings New Flavor to Santa Clarita Valley

RESTAURANT: Opening this month, Larsen’s aims to offer residents fine dining option

RESTAURANT: Larsen’s Steakhouse expands into Valencia with third location.

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Valley Presbyterian Opens New Maternity Unit

Health: New rooms allow moms to labor, deliver and recover in one place

HOSPITAL: Valley Presbyterian’s new $4.5M maternity center helps meet need.

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Antelope Valley Hospital Gives $12,000 in Scholarships

AID: Students received scholarships based on academic and community achievements.

GIVING: Antelope Valley Hospital awards $12,000 in scholarships.

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PLUGGED IN

DAVID CIESLAK, ARXIS TECHNOLOGY INC., SIMI VALLEY

SPECIAL REPORT - Faces of Accounting: David Cieslak

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CHARITY TO ALL

NICOLE DOUGLAS, HINRICHER & CRASNICK LLP, SIMI VALLEY

SPECIAL REPORT - Faces of Accounting: Nicole Douglas

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MANAGING RISK

BRIAN RING, ERNST&YOUNG LLP, WESTLAKE VILLAGE

SPECIAL REPORT - Faces of Accounting: Brian Ring

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ON AIR ACCOUNTING

GEORGE NADEL RIVIN, MILLER KAPLAN & ARASE LLC , NORTH HOLLYWOOD

SPECIAL REPORT - Faces of Accounting: George Nadel Rivin

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FRAUD BUSTER

DAVID ROBERTS, CROWE HORWATH LLP, SHERMAN OAKS

SPECIAL REPORT - Faces of Accounting: David Roberts

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MONEY GAMES

CRAIG SZABO, SZABO ACCOUNTANCY CORP, CALABASAS

SPECIAL REPORT - Faces of Accounting: Craig Szabo

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Valley Hospitals to Gain from Influx of Paying Patients

HEALTH: Supreme Court ruling reduces uncompensated care burden, but primary care may

HEALTH: Hospitals and clinics prepare for changes due to health care reform

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Around the Valleys

News and notes from around the greater San Fernando Valley area

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Burger Wars

Denver-based Smashburger joins the fray with first location in Thousand Oaks

FOOD: Smash Burger enters the L.A. region with a new franchise in Thousand Oaks.

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Advanced Bionics Opens New Manufacturing Plant

GROWTH: New owners expand product line and invest in R&D.

MANUFACTURING: Cochlear implant maker Advanced Bionics moves to Valencia.

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Friday, July 6

Wesco Aircraft Completes Interfast Acquisition

Aerospace parts distributor and supply chain services provider Wesco Aircraft Holdings Inc. has completed its acquisition of a Canadian company as part of an effort to sell to the aircraft maintenance and repair market.

IPC Acquires Practices and Expands into 27th State

North Hollywood-based IPC The Hospitalist Company, Inc. has acquired two out-of-state practices and entered into an agreement to provide hospitalist services for a New Mexico hospital.

Disney Artifacts Exhibit Opens at Reagan Library

The most extensive display of artifacts from the archive of The Walt Disney Co. opened July 6 at the Ronald Reagan Presidential Library & Museum in Simi Valley.

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Antelope Valley Hospital Receives Stroke Achievement Award

Antelope Valley Hospital has received the American Heart Association/American Stroke Association’s “Get with the Guidelines” stroke bronze quality achievement award.

Tuesday, July 3

Television Fares Poorly in On-Location Filming Stats

On-location television production dropped for a second quarter in a row, the continuation of a pattern of television shows moving out of the state.

Row 44 Providing Live Television on Southwest Flights

Passengers aboard select Southwest Airlines flights will be able to view live television programming provided by Row 44.

Monday, July 2

Providence and Facey Team Up to Deliver Integrated Care

Providence Health & Services announced today it is joining forces with the Facey Medical Foundation to create an integrated health system, delivering coordinated care from primary care to in-patient services to tens of thousands of patients in the Valley region.

Ixia Acquires Cyber Security Testing Company

Ixia will acquire cyber security testing firm BreakingPoint Systems in a deal valued at $160 million.

Reverse Stock Split Approved for THQ Inc.

Stockholders of video game publisher THQ Inc. approved a reverse stock split of the company’s shares in a bid to raise the price-per-share and stave off a delisting from the NASDAQ exchange.

Dignity Health to Acquire Valencia-based U.S. HealthWorks

Dignity Health, the fifth largest health system in the nation, announced today that it has signed a definitive agreement for the acquisition of Valencia-based U.S. HealthWorks, the country’s largest independent operator of occupational medicine and urgent care centers.

Industry Journal Chooses Providence Holy Cross as Top 100 Community Hospital

Providence Holy Cross Medical Center in Mission Hills was named to Becker’s Hospital Review’s Top 100 Community Hospitals list — the only Los Angeles County hospital to be so chosen by the industry publication.

First Flight of Rocketdyne Engine

A new engine developed by Pratt & Whitney Rocketdyne in Canoga Park powered a Delta IV heavy rocket taking a U.S. government satellite into orbit on June 29.