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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.

Miller Automotive Sold to Fortune 500 Firm

Miller Automotive Group, a $400-million dealership with six Los Angeles locations, has been sold to Group 1 Automotive Inc., a Fortune 500 car retailer based in Houston.

Water Damage Franchise to Open in the Valley

1-800-Water Damage, which has 80 locations across the country, has signed a franchise development deal with a local auto sales manager.

Housing Trust Reaches $1 Billion

The city's Affordable Housing Trust Fund, has yielded $1 billion since funding began in 2003, public officials said.

$1 Million Loan to VEDC

The Valley Economic Development Center received a $1 million loan from Merrill Lynch that will be used to assist small business.

VALLEY BIZ SEEN

A new reader-driven feature: photographs of Valley business people being feted, awarded, commended or just taking part in interesting regional events.

Valley Presbyterian Awarded $1 Million for Upgrades

Valley Presbyterian Hospital in Van Nuys has received a $1 million grant from the Fritz B. Burns Foundation to design and upgrade operating rooms.

Dealing with New Endowment Reporting, Accounting Rules

Endowment funds now must exercise more prudence and provide more disclosure under the UPMIFA Act

ValueClick Adds Three New Clients

Westlake Village-based Internet advertising firm ValueClick announced that it has signed representation agreements with GSN.com, 1-800-Schedule, and newspaper publisher Guardian Unlimited.

Health Net Fined $1 Million by State

Health Net Fined $1 Million by State

AML Receives $1 Million in Bookings

Orders from international markets and repeat Defense contracts contributed to AML Communications receiving more than $1 million in bookings for March.

GDP declines 1%, better than expected

WASHINGTON -- The economy shrank at an annual rate of 1 percent in the spring, a better-than-expected showing and more evidence that the recession is drawing to a close.

Hotel Tax Increase Passes in Palmdale

Residents in Palmdale approved an increase to the hotel occupancy tax that will add at least $1 million to city coffers.

FORTY UNDER 40 2009

A months-long search for the best and brightest of local professionals under age 40 found a diverse group from several different fields, both traditional and untraditional

VALLEY BIZ SEEN

A new reader-driven feature: photographs of Valley business people being feted, awarded, commended or just taking part in interesting regional events.

Persif

Today's rude question: Which is a better buy, a lottery ticket or professional investment advice?

U.S. Navy Awards $1 Million Contract to Laser Firm

QPC Lasers, Inc. received two contracts totaling $1 million from the U.S. Navy to deliver high-energy laser engine prototypes, the company announced Wednesday.

Zenith Files 13.1% Worker's Comp Reduction

Zenith National Insurance Corp. has filed with the California Department of Insurance to reduce its worker's compensation rates in California some time on or after January 1 of 2006. The rates will be an average of 13.1 percent lower than rates in effect

Amgen to Invest $1 Billion in Puerto Rico

Amgen Inc. announced plans to spend $1 billion to expand its manufacturing operations in Puerto Rico.

Padilla Hits $1 Million Mark

Los Angeles City Councilman Alex Padilla has topped the $1 million mark in raising funds in his run for a state senate seat, his campaign has announced.