Stories for October 2012
Wednesday, October 31
Fireman’s Brew Inc. is conducting a private stock offering to raise $5 million in capital for an expansion.
Shares of DineEquity Inc. hit a five-year high on Wednesday, the first day of trading following an earnings release and the market’s temporary closure due to Hurricane Sandy.
More than 30 aviation and aerospace companies from the greater San Fernando Valley were in attendance this week at the National Business Aviation Association convention in Orlando, Fla.
Tuesday, October 30
Jet Edge International has entered the lucrative Asian private aviation business through a joint venture with a Hong Kong aircraft charter and brokerage firm.
Leonard Schaeffer, the former chief executive of WellPoint Health Networks Inc., is giving $25 million to a USC health policy center that already bears his name.
Walt Disney Co. will pay $4 billion to acquire Lucasfilm Ltd. and its lucrative Star Wars movie franchise from creator George Lucas, the company disclosed in filings Tuesday.
PPG Aerospace, a Sylmar manufacturer of aircraft windows, has received a contract to provide the cockpit windows for the new model Eclipse 550 very light jet.
Monday, October 29
MannKind Corp. halted release of earnings reports on Monday due to the closure of the market due to Hurricane Sandy.
ProVision Interactive Technologies Inc. announced it received $8 million from a backer to finance the installation of more than 1,000 of its 3-D holographic marketing kiosks in retail outlets.
Editor Laurence Darmiento highlights stories from the current edition of the San Fernando Valley Business Journal.
Film: Burbank’s Manwin leads fight against condom measure.
FILM: Playboy Enterprises’ more hardcore associate Manwin USA is bankrolling the opposition to a county condom initiative.
Industrial: Investors eager to buy but local firms not so eager to lease space.
REAL ESTATE: Sizing up the greater San Fernando Valley industrial markets in the third quarter.
Capsule for world-record skydive built by Lancaster firm.
AEROSPACE: A Lancaster firm that made the Batmobile helped Felix Baumgartner break the world free-fall record.
Lacey Dyer wins Emmy at ripe old age of 26 – while in school.
TELEVISION: While still at Cal State Northridge, Lacey Dyer earned an Emmy for her scriptwriting on “Days of Our Lives.”
Alumni directors of Valencia school hit $26.1 billion gross.
ARTS: CalArts measures the accomplishments of its alumni not in awards, but in $26 billion in box office receipts.
Dual father-son duos lead PizzaRev with supreme results.
RESTAURANT: Two fathers, two sons – the double team behind expanding Valley restaurant company, PizzaRev.
Dianne Harrison, new president of CSUN, has big plans for the school despite the challenges of state funding.
Q & A: Dianne Harrison, the new president of California State University, Northridge.
Giving: California United hosts annual event to raise funds for nonprofits.
California United Bank hosted its sixth-annual golf tournament in Thousand Oaks to raise money for three Southern California charities.
Sun Valley firm designs two effects for haunted hotel in Las Vegas.
Amusements: Sun Valley stage rigging company is scaring up work designing horror set pieces for a Las Vegas attraction.
Manufacturing: Biotechs like Sani-Tech’s plastic components.
MANUFACTURING: With its expertise in plastic, Sani-Tech is giving drug companies an alternative to stainless steel.
Office: Vacancy rates fall as brokers sees signs of growth in outlying areas.
REAL ESTATE: Sizing up the greater San Fernando Valley office markets in the third quarter.
Biotech: Investors gorge on maker of cure for chin waddle.
BIOTECH: Kythera Pharmaceuticals is doubling down on its double-chin treatment after an impressive IPO.
Photographs from the recent CalCPA and San Fernando Valley Bar Association Wine Reception
News and notes from around the greater San Fernando Valley area
Family restaurant Mimi’s Café has opened a test concept of a “store within a store” at its Valencia location.
EDUCATION: Overseas, younger students fueling growth in area programs.
LIST STORY: Valley-area graduate programs in business see a continued upward trend in applicants and graduates. Includes SFVBJ's 2012 VALLEY'S LARGEST COLLEGE and UNIVERSITY BUSINESS PROGRAMS list for download (pdf)
M3 Creative in Burbank has racked up awards for online videos and promos; now it’s ready to make feature films.
ENTREPRENEUR: The founders of M3 Creative in Burbank are living the Hollywood dream of making movies.
Accounting: Solomon Ross Grey & Co. joins trend with briefer SRG moniker.
Encino accounting firm Solomon Ross Grey & Co. has shortened its name to SRG LLP in a bid to place less emphasis on “name” partners and benefit its emerging partners.
Friday, October 26
Clay Lacy Aviation has announced an alliance with Priester Aviation to form the largest aircraft charter and management operation in the country.
Shares of IPC Hospitalist Co. lost 17 percent of their value after the company failed to meet expected earnings and lowered its guidance for the rest of the year.
Professional staffing firm On Assignment Inc. beat earnings expectations in the third quarter thanks in part to the recent acquisition of a local competitor.
Thursday, October 25
Teledyne Technologies Inc. reported a 25 percent increase in net income in the third quarter, helped by a balanced portfolio of serving the aerospace, marine and energy industries.
Ixia Inc., a maker of networking testing equipment, reported a 32 percent increase in quarterly income on Wednesday, but still barely met analyst expectations.
Roger Enrico resigned on Thursday as chairman of DreamWorks Animation SKG Inc. after serving in the position since the Glendale studio went public in 2004.
Aerospace manufacturer Morton Manufacturing has started construction on its new 88,000-square foot home in the Lancaster Business Park.
Wednesday, October 24
Cheesecake Factory, the Calabasas Hills-based casual restaurant chain, reported third-quarter net income of $27.1 million, or 51 cents per share, a gain of 36 percent compared to $20.6 million or 37 cents a share for the same quarter last year.
Multimedia software developer Nero Inc. redesigned the packaging of its Nero 12 products with the help of Woodland Hills advertising firm Glyphix.
Valencia-based server operator Influxis is partnering with Irvine-based video hardware producer Teradek LLC to streamline the process of distributing video content via cellular networks.
Tuesday, October 23
Amgen Inc. announced-better-than-expected third quarter results, including higher income per share and revenue.
Microfabrica Inc. will provide its proprietary manufacturing process to Johnson Matthey Medical Components, of West Chester, Pa. after the two companies signed a sales and marketing partnership.
SolarCity Corp., which design, funds and installs solar projects, announced a 7.4-megawatt project with the Los Angeles Unified School District to install solar panels at 26 schools, including locations in the San Fernando Valley.
Monday, October 22
Amgen Inc. is expected to meet its earnings targets when its reports its third quarter results on Tuesday.
California United Bank will use streamlined procedures and quicker processing of applications after receiving Preferred Lenders Program status from the U.S. Small Business Administration.
Friday, October 19
Entertainment technology company Cinedigm Digital Cinema Corp. has signed up the first theater chain outside continental North America for its digital conversion services.
Thursday, October 18
A federal court ruling siding with Warner Bros. and its DC Comics division over ownership of the lucrative “Superman” franchise sets up a likely appeals court battle.
Gridtest Systems Inc., a Westlake Village-based company that manufactures testing equipment for electric-vehicle charging stations, is further expanding into the European market.
Ongoing inspections at the Sylmar pacemaker factory of St. Jude Medical Inc. will likely result in a warning letter from the Food and Drug Administration, company executives said.
Wednesday, October 17
Inflight Wi-Fi and entertainment provider Row 44 Inc. announced today that it has inked a deal to provide service to its second Russian airline, UTair Aviation.
Public television station KCET-TV in Burbank will merge with LinkTV, a San Francisco satellite TV network, to form a new company.
Mark Meyers, a veteran health care executive, has been named chief strategy officer and a board member of Apollo Medical Holdings Inc., a Glendale company that manages hospital-based medical practices.
Tuesday, October 16
The Motion Picture & Television Fund got a much needed shot in the arm on Tuesday when Steven Spielberg, Jeffrey Katzenberg and David Geffen each committed $30 million to the industry’s charity organization in Woodland Hills.
The main runway at Van Nuys Airport will be repaved now that the Los Angeles Board of Airport Commissioners has approved $14 million for the project.
Aerospace Dynamics International Inc. in Santa Clarita is expanding its factory to produce parts for the Airbus A350 XWB, a new fuel-efficient jet developed by the European aircraft manufacturer.
Monday, October 15
Aerospace and defense manufacturer ATK has received a $71 million contract from the U.S. Navy to produce a supersonic, air-launched tactical missile system.
Long-time tech executive Philip B. Cox has been named chief executive of Hardata, a software firm serving the entertainment and broadcast industries.
The Los Angeles district office of the U.S. Small Business Administration led the nation in dollar volume and number of loans for the 2012 fiscal year.
Triton Digital in Sherman Oaks supports the radio industry with a technological backbone amid rapid change driven by the Internet.
RADIO: Triton Digital, a Sherman Oaks technology services company, is thriving amid rapid change in the industry brought on by the Internet.
LIST: Clay Lacy remains parked in top spot on local company ranking.
LIST STORY: Area aviation companies bring in new business appealing to niche markets. Includes SFVBJ's 2012 VALLEY'S LARGEST AVIATION COMPANIES list for download (pdf)
Employment: CallSource provides training, jobs for former service members.
Employment: Westlake Village company CallSource is providing jobs to disabled veterans through a pilot program.
Special Report - 40 UNDER 40: Profiles of young professionals from the greater San Fernando Valley.
Hratch Achadjian spends his days developing business strategies for late-stage startup SADA Systems.
While in college at the University of Southern California, David Johnson interned for the Los Angeles Dodgers in baseball operations and youth marketing.
Finding ways to help the families of sick and injured children through her charity Hopes Haven brings Monica Mills much happiness.
Andrew Smith, a founding partner at Westlake Village accounting firm Smith & Wooten, says youth has its advantages in an industry dominated by professionals who have built long, successful careers based on trust and experience.
Being an entrepreneur takes more than talent — it takes drive, something Austin Stoffers, 24, says he learned from his father.
When small and mid-sized companies need to develop an executive or employee benefit plan, 33-year-old Thomas Means is a go-to professional.
As vice president with Westlake Village-based boutique investment bank M&A Capital LLC, Nicole Carnation likes to keep a transaction alive through creative structures and negotiation.
Valley attorney Mark Kressel, 38, was a Broadway musician and a web designer before becoming a lawyer.
Linda Lee, 35, is responsible for leasing more than 750,000 square feet of office space as senior managing director of a team that heads up a Charles Dunn Co. real estate brokerage office in Glendale.
In the world of Los Angeles city politics, Barri Worth is a mouthpiece for the Valley.
Multifamily housing properties are hot sellers in today’s recovering real estate market, where brokers are only as good as their last transaction.
As the founder of specialty baking company Lady Fortunes, Daria Artem has turned confectionary treats into a business that generated $4.5 million in revenue last year.
With a dual interest in art and finance, Ryan Born is monetizing art on the Internet.
Equities Research Analyst Vahid Khorsand remains calm amid the sometimes tumultuous financial markets.
Westlake Village Attorney Neal Maguire is an expert in land use and California Environmental Quality Act matters.
As public relations manager, Jennifer Fong-Borucki, 34, is the spokesperson for Los Angeles Valley College, representing more 20,000 students and more than 1,300 employees.
Justin Milmeister saw a hole in the burgeoning payment industry and left his real estate roots to start Van Nuys-based Elite Merchant Solutions, an electronic payment processing company, in 2002.
Gayathri Jith, vice president of operations for Valley Presbyterian Hospital, is passionate about the work the Van Nuys hospital does for patients and their families.
Louie Sadd, 29, co-founder of Glendale-based IT services company Datastream, knows deciphering new technology can be difficult for certain audiences.
Chris Angelo is guiding Santa Clarita-based landscape company Stay Green Inc. to even greener pastures.
Plazi Ricklin, project manager for Burbank-based eSolar, strives to create innovative alternative energy products that offer real-world applications at a competitive rate.
As the chief investment officer and lead partner of MPF Family Wealth Group, Bruce Munster is the only adviser under age 40 to break the top 10 in rankings of Morgan Stanley Smith Barney’s nearly 900 Southern California financial advisers.
Attorney Alex Kasendorf focuses on complex business litigation, commercial litigation, banking practices and governmental regulations.
As vice president of public relations for JPMorgan Chase, Gary Kishner says he holds together the institution’s many lines of business.
Erik Richard, founder and CEO of Landmark Network Inc., has grown the Sherman Oaks-based appraisal management and lender compliance firm to nearly $7 million in sales this year.
Matthew Heyn is a go-to broker in the greater San Fernando Valley region for health care companies looking for property.
Harma Hartouni, 31, is a leader in the Valley’s residential real estate market as a principal of Harma & Associates and operating principal of Keller Williams offices in Studio City and Calabasas.
Carol Kim, manager of corporate communications for Woodland Hills-based Health Net Inc., represents one of the nation’s largest managed health care companies.
News and notes from around the greater San Fernando Valley area
Six lucky youth in Santa Clarita had a recent visit from a very special bus: The John Lennon Educational Tour Bus.
Market Watch Summary
Stocks were down across the board for the two-week period ended October 10, 2012.
Digital: Website unit cut; video and mobile games avoid knife.
DISNEY: Restructuring of the Interactive Media Group of The Walt Disney Co. leads to layoffs in North Hollywood.
Mobile: FreedomPop aims to give consumers more choice. power cell
FREEDOM: Tarzana tech company FreedomPop is offering free Wi-Fi service.
AEROSPACE: Virgin may see lift off from purchase of The Spaceship Co.
SPACE: Commercial spaceflight company Virgin Galactic takes full ownership of space vehicle manufacturer The Spaceship Company.
Singer hip hops onto browser-free platform developed in Valley.
TECH: Online platform company Qubeey partners with Chris Brown to promote the company.
Theme park attraction conjures urban legend of murderous monster.
THEME PARK: Universal Studios is gathering video diary remembrances of “La Llorona” as part of its “Halloween Horror Nights.”
New website gives information on arts, cultural events.
NIGHTLIFE: Time Out Group adds Los Angeles to its portfolio of entertainment, arts and culture publications and websites.
Burbank studio to roll out anniversary DVD and Blu-Ray collections.
FILM: Warner Bros. Home Entertainment announces lineup of classic releases to mark the 90th anniversary of the studio.
tech: Thousand Oaks-based Wi-Fi company Xirrus secures funding to access markets overseas.
Tech:.Wi-Fi equipment provider Xirrus received a new round of funding and was named to the Wall Street Journal’s top startups list.
retail: Encino store opens as U.K. parent puts the brakes on more capital.
Retail: A Fresh & Easy Express, a smaller version of the grocery chain’s traditional market, is opening in Encino.
Christopher Gardner, CEO of Vitesse Semiconductor, discusses how the iPhone and mobile apps have driven sales at the Camarillo maker of silicon chips.
Interview: Christopher Gardner, CEO of Vitesse Semiconductor.
donating: Annual event by Palmdale employees assists overseas troops.
Employees at Northrop Grumman’s Palmdale facility came together last month to put together more than 5,000 care packages for U.S. men and women in the military, as well as present a $60,000 check to the USO.
The Valley Industry and Commerce Association (VICA) had another successful year advocating for business interests in the greater Valley region and throughout the state of California.
Friday, October 12
Amgen announced today that Cynthia Patton will become their new senior vice president and chief compliance officer Oct. 22.
Apollo Medical Holdings Inc., critical care and hospitalist provider, announced this week that it will expand services to Orange County.
Thursday, October 11
Quallion LLC received a $2.2 million grant from the California Energy Commission to improve lithium ion batteries used in electric vehicles.
The Walt Disney Co. has started a two-phase program establishing guidelines for paper used in daily business operations and its consumer products and packaging.
Wednesday, October 10
Market research firm uSamp, announced Oct. 10 that it has expanded business to Europe.
Executives with California United Bank were at the NASDAQ Market Site in Times Square on Oct. 10 to ring the bell at the start of the trading day.
With the merger between accounting firms J.H. Cohn LLP and Reznick Group P.C. completed the combined firm will now be known as CohnReznick LLP.
SolarCity, which provides design, funding and installation services for solar installations, filed for an IPO on the NASDAQ.
Tuesday, October 9
Apparel accessories manufacturer Talon International Inc. has signed a two-year deal to supply trim and zipper products to a British retailer of active lifestyle clothing.
United Online subsidiary NetZero Wireless announced the launch of a new program today that will allow Facebook users to receive one free gigabyte of wireless data per month to give away to friends.
Monday, October 8
Medical management company Apollo Medical named Dr. Louay Shawesh as its new chief medical officer Friday.
The holding company of California United Bank will begin trading on the NASDAQ Capital Market starting Oct. 9.
Hearing implant technology company Advanced Bionics won five International Business Awards, including a gold for the most innovative company in North America.
Virgin Galactic bought out its partner in The Spaceship Company, the Mojave-based development and manufacturing firm that is building the sub-orbital space vehicles Virgin Galactic will fly into space.
Thursday, October 4
A Delta IV rocket, powered by Pratt & Whitney Rocketdyne-made RS-68 and RL10B-2 engines, boosted a third GPS satellite into orbit today from Cape Canaveral, company officials announced.
Sauer Energy Inc. has installed two of its vertical-axis wind turbines on the roof of its headquarters in Camarillo in a demonstration of its commitment to wind energy.
Wednesday, October 3
Ice Energy, a Glendale-based provider of energy storage and smart grid solutions, reached an agreement late last week with retail energy supplier Verde Energy USA to form a strategic alliance.
In-flight Wi-Fi provider Row 44 announced today that it will soon be implementing its streaming video on demand technology in Allegiant Air’s fleet of 757s.
DreamWorks Animation SKG Inc. has promoted Lincoln Wallen, its head of animation technology, to chief technology officer.
Tuesday, October 2
Pratt & Whitney Rocketdyne received a $1 million federal contract to study an economical way to capture greenhouse gases from coal-fired plants.
Overall on-location filming dropped by 4 percent in the third quarter across with feature films showing the highest decrease, according to figures released by FilmL.A.
Audio technology company DTS announced today that it has developed an expanded partnership with IP core company Tensilica to offer the libraries of two of its latest suites, targeting the TV and PC markets.
Cinedigm Digital Cinema Corp. will provide financing to a movie theater chain operating in the Northeastern United States to install digital cinema equipment.
Discount airfare website CheapAir.com launched its new language-based search function this week, which allows users to type more simplified travel plans in sentences rather than specific search modules.
Monday, October 1
HEALTH: Joint venture now runs therapy center at Holy Cross.
Oncology: Providence Holy Cross changes agreement for management of radiation therapy center on its Mission Hills campus.
North Hollywood-based IPC The Hospitalist Company has acquired Elder Medical Services, P.C., marking the hospitalist physician group practice company’s entry into New York.
Glendale Memorial Hospital has selected one of ApolloMed’s affiliated medical groups to provide services for the hospitals’ Intensive Care Unit, it was announced today.
Darren Roberts puts spotlight on inspiring figures he’s met.
Book: Former CEO of AVN Media Network prepares for the publication of his book about the adult entertainment industry
Space shuttle Endeavour welcomed home on final flight.
Photos: Endeavour makes the rounds before heading to the California Science Center.
Photographs of recent business-related events in the valleys, including parties, awards dinners, benefits and other celebrations.
HEALTH: Medical facilities score well on report by hospital accrediting group.
Health: Six Valley-area hospitals place on Joint Commission List of top performing health care facilities.
Donate: Boys & Girls Club of the West Valley receives gift for science curriculum.
Time Warner Cable recently donated $10,000 to the Boys & Girls Club of the West Valley to help fund the organization’s afterschool robotics program as part of its Connect a Million Minds initiative.
Filming: Avenue Six expands to add new shows to its client roster.
Independent studio Avenue Six is on the grow again.
Space shuttle Endeavour returns to its birthplace.
Photos: Endeavour makes the rounds before heading to the California Science Center.
Education: Valley school is latest area university to offer overseas courses.
Education: CSUN and other local universities increase their China exchange program offerings.
Virtual dressing room ‘Swivel’ installed at Bloomingdale’s stores.
Marketing: FaceCake Marketing Partners with Bloomingdale’s for Fashion Week promotion
Aerospace: Drone flies NASA mission to study hurricanes and other weather patterns.
Drone: NASA scientists are using a Northrop Grumman-built Global Hawk drone, better known for its military uses, to study hurricanes in the Atlantic Ocean.
LIST: Brokerages see slight dip for 2011, current year sales on the rise.
Valley area residential real estate brokers are cautiously breathing a sigh of relief this year as home values continue to rise and the number of people looking to buy steadily increased into the first nine months of 2012.
Careers: Valley aerospace professionals discuss their roles working on the shuttle program and what they learned on the journey.
Aerospace: Profiles of four people and their contributions to the shuttle program.
Ms. Monét and Young Clipp earn top spots in international contest.
Music: Valley-based performers win high honors in the Unsigned Only Music Competition.
Growth: Video game studio Hidden Variable occupies the Seeley building in Glendale’s entertainment corridor as it aims to expand and develop more titles.
Move: Game developer Hidden Variable moves into historic Seeley Building in Glendale.
TOXIC: Industry leaders say new state rules on chemicals may be tough and costly for manufacturers.
Chemistry: Beauty industry experts worry that new regulations aimed at reducing harmful chemicals will be an expensive blow to manufacturers.
News and notes from around the greater San Fernando Valley area
The Airtel Plaza Hotel in Van Nuys launched a new weekly food truck event Runway Eats Sept. 19, aiming to draw community members to the airport-adjacent 10 acre property.
Mike Cavanagh of KeyCode Media helps companies stay ahead of the tech curve.
Tech: Mike Cavanagh of KeyCode Media aims to keep clients ahead of the technology curve.
Manufacturing: Simi Valley company making changes to improve finances.
Strategy: Simi Valley-based Qualstar promises new products in the works.
Cinepolis offers in-seat dining service, reclining seats.
Movies: Cinepolis Luxury Cinemas opens its first Los Angeles County venue in Westlake Village.
DEVICES: Danaher Corp. bought Valley firm for urine and blood testing technology.
Acquisition: Danaher Corp. is set to acquire Chatsworth-based blood and urinalysis testing equipment manufacturer Iris International Inc. in a deal worth $338 million.
Fashion: Vesture Group in Burbank provides mid-tier retailers with toddler, infant and pre-teen girls’ clothing.
Fashion: Vesture Group in Burbank manufactures toddler, infant and pre-teen girls clothing.
Retail: Shops are drawn to the downtown district’s potential as gathering place.
Downtown: Shopkeepers have pulled together as they work toward revitalizing the Old Newhall area of Santa Clarita.