12 March 2010
Understandably, there is a lot of cynicism about government and our elected officials these days. I share it, too, and often wonder if any ethics reforms could ever be enacted to regain voters’ trust. As the City of Los Angeles grapples with a $200 million budget deficit in the midst of the Great Recession, City Hall [...]
Posted in Banking/Finance1 Comment
12 March 2010
A couple months back I wrote about how real estate pros in the greater San Fernando Valley believe 2010 is the year that all of the supposed “money sitting on the sidelines” will start flowing back into the market. Brokers and other professionals predicted investors, potential investors and owner-users will tire of waiting for the market [...]
Posted in Banking/Finance, Real Estate1 Comment
12 March 2010
This is a regular feature on philanthropic activities by Valley-area businesspeople and companies. Benefit for YMCA Picanha Churrascaria is hosting an event with all proceeds to benefit the Burbank Community YMCA to Celebrate their 10 year anniversary to be held March 9 from 6 p.m. to 8 p.m. CEO JC Holt of the Burbank Community YMCA remarked that [...]
Posted in Government/Politics, Healthcare3 Comments
12 March 2010
With no new feature film releases, DreamWorks Animation SKG Inc. relied on DVD sales, cable sales, and television specials and series to drive its fourth quarter financial results. The Glendale-based animation studio reported net income of $43.6 million or $0.50 per diluted share, on revenues of $194.2 million for the quarter ending Dec. 31. For the [...]
Posted in Economy0 Comments
12 March 2010
Image entertainment Inc. cut 30 percent of its workforce and renegotiated vendor contracts as part of a restructuring program by its new management. Those two moves are expected to bring about $10 million in savings to the Chatsworth-based home entertainment programming producer and distributor. “We are now more streamlined, cost aligned and positioned for future growth,” said [...]
12 March 2010
Bioness Inc. signed agreements to distribute devices to help patients improve hand-eye coordination and regain their gait and balance following a stroke or brain injury. Bioness and manufacturers Performance Enterprises and Aretech LLC share a common vision to improve the outcomes for patients in rehabilitation and the two devices from the companies complements the existing Bioness [...]
Posted in Healthcare0 Comments
12 March 2010
A governing board with the state’s $3 billion stem cell institute has approved a proposal for funding the development of new stem cell therapies. The conceptual plan, announced March 11, calls for the California Institute for Regenerative Medicine to fund early stage clinical trials involving stem cell therapies, and related manufacturing activities, that can be performed [...]
Posted in Healthcare, Technology0 Comments
11 March 2010
Net income dropped by 71 percent at Crown media Holdings in the fourth quarter when compared with the previous year. The Studio City-based owner and operator of the Hallmark Channel and the Hallmark Movie Channel had net income of $373,000, or $0.00 per diluted share, on revenues of $77.6 million for the quarter ending Dec. 31. [...]
Posted in Advertising/Media0 Comments
11 March 2010
A subsidiary of Teledyne Technologies Inc. has acquired an interest in a company that manufactures core components used in aircraft navigation systems. Teledyne Scientific & Imaging LLC has an option to acquire a controlling interest in Optical Alchemy Inc. after three years, and full ownership after five years based on Optical’s performance. The investment, the details of [...]
Posted in Small Business, Technology0 Comments
11 March 2010
Despite shedding money-losing properties, such as radio stations in Milwaukee, and its CCM magazine title, Christian conservative media company Salem Communications continued to post losses in 2009. The Camarillo-based company had a net loss of $1.6 million, or $0.07 per diluted share, on revenues of $51 million for quarter ended Dec. 31, 2009. For the same [...]
Posted in Banking/Finance, Economy, Small Business0 Comments
11 March 2010
Rep. Brad Sherman has declined support of a push to replace the illustration of Ulysses S. Grant with Ronald Reagan’s image on the $50 bill. The 40th president remains too controversial a figure to be canonized on a currency note, Sherman told the Los Angeles Times. “Our currency ought to be something that unites us,” Sherman was [...]
Posted in Economy0 Comments
11 March 2010
The City of Palmdale will extend the Metrolink train platform at its transportation center thanks to federal funds. Congressman Howard “Buck” McKeon helped secure the $470,000 the city received from a federal appropriation bill. In addition to the train platform extension, the money will also be used to increase and augment small business recruitment and retention through [...]
Posted in Economy, Small Business2 Comments
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