19 March 2010
Tix Corp. narrowed its net loss in the fourth quarter helped by a strong showing from its live entertainment division. The Studio City-based discount ticket seller, merchandiser and live event producer reported a net loss of $1.3 million, or $0.04 per diluted share, on revenues of $25.7 million for the quarter ending Dec. 31. For [...]
Posted in Banking/Finance1 Comment
19 March 2010
Real estate investment trust LTC Properties Inc. has secured a $30 million increase in its line of credit from bank of America, giving the company a total credit line of $110 million. The Westlake Village-based firm has only $23.5 million in outstanding debt from its credit line. LTC invests in long-term care and other health [...]
Posted in Healthcare0 Comments
18 March 2010
As layoffs mounted during the recession and employers shed workers to keep costs down, the number of discrimination claims also went up nationally and in California. For a 13-year period, the Equal Employment Opportunity Commission showed the highest number of discrimination filings during the 2008 and 2009 fiscal years – the time period when the [...]
Posted in Economy2 Comments
18 March 2010
Employment law attorneys and human resources directors throughout the state anxiously wait for the California State Supreme Court to rule in a case that could have wide ranging implications. Depending on how the justices rule in Brinker Restaurant Corp. vs. Superior Court, the decision may cost businesses millions of dollars and place new responsibilities in [...]
Posted in Economy, Government/Politics6 Comments
18 March 2010
Congress is attempting for a second time to pass legislation to change how workplaces can unionize and how disputes can be settled between employees and management. If signed into law, the Employee Free Choice Act would be a major shift in U.S. labor relations in that signing a pledge card would replace a secret ballot [...]
16 March 2010
Ardwin Freight purchased a parcel of land that once housed a piece of Burbank’s aviation history, according to Lee & Associates. Ardwin plans to build a corporate headquarters and storage facility for its business on the 110,000-square-foot site. Brett Warner, principal at Lee & Associates-LA North/Ventura, represented the seller of the industrial property, which is [...]
Posted in Economy, International Trade2 Comments
16 March 2010
Getting caught with that Super Bowl grid or NCAA basketball tournament bracket became cheaper in California this year. That is, if you get caught to begin with. Yes, office betting pools are gambling and illegal. But when done for small amounts of money it is law rarely if ever enforced. In January, the penalty for [...]
Posted in Economy4 Comments
16 March 2010
Falling sales contributed to Easton-Bell Sports Inc. posting a net loss for the 2009 fiscal year. The Van Nuys-bases sporting goods manufacturer and distributor had a net loss of $4.1 million on revenues of $716.3 million for the year ending Jan. 2. For the previous fiscal year, the company reported net income of $13.4 million [...]
Posted in Business Report, Economy, International Trade, Small Business0 Comments
16 March 2010
Three commercial properties in the greater San Fernando Valley region recently obtained Leadership in Energy and Environmental Design (LEED) certification from the U.S. Green Building Council. CB Richard Ellis Investors obtained LEED Gold for its 500 North Brand Blvd. property in Glendale, a 22-story Class A office tower. Hines secured LEED Silver for its five-story, [...]
16 March 2010
Managing employees is never easy, but in today’s economy it can be particularly challenging. Many managers feel increased pressure to do more with less – and in many cases, a lot less. Mistakes will inevitably occur, but managers can avoid some of the most common errors by knowing where the traps lie. By reviewing the [...]
Posted in Small Business2 Comments
16 March 2010
Luis “Lou” Guerrero has always been good with numbers and working through problems logically. So pursuing a career in accounting was a natural fit, because it gave him the opportunity to help businesses intelligently navigate their finances. A certified public accountant, he worked with the small business audit group and tax department of Touche Ross [...]
Posted in Banking/Finance, Small Business1 Comment
16 March 2010
NewMark Merrill Companies, a real estate company that owns Janss Marketplace in Thousand Oaks, has recently filled two out of four vacancies in the retail plaza and re-signed several continuing renters at the site. The four locations include a 6,500 retail location formerly occupied by Borealis sports equipment until 2008. A former Mervyn’s location is [...]
Posted in Small Business1 Comment
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