– San Fernando Valley Burbank The move of “The Tonight Show” to New York City will result in the elimination of 164 positions at NBCUniversal’s Burbank studio. The New York-based network notified the state Employment Development Department the workers would be laid off starting Feb. 14. “The Tonight Show,” broadcast from Burbank since 1972, ends its run there on Feb. 6 with the retirement of host Jay Leno. Jimmy Fallon will take over hosting duties from New York City on Feb. 17. NBCUniversal is a unit of Comcast Corp. in Philadelphia. Mattress store Sit ’n Sleep has opened a 7,000-square-foot location. The store at 308 N. San Fernando Blvd. is the seventh in the greater Valley operated by the Gardena company. The retail strip where the mattress store opened is in the city’s downtown and includes a Yogurtland, Starbucks and other small retail tenants. New Line Cinema is moving to the Warner Bros. Studios lot this summer from West Hollywood. New Line will take space in June vacated by production company Legendary Entertainment, which left Warner Bros. New Line, the film studio behind the blockbuster “Lord of the Rings” trilogy, merged with Warner Bros. in 2008. Van Nuys Valley Presbyterian Hospital has announced the appointment of five board members, including Cal State Northridge President Dianne Harrison. The non-profit hospital also appointed David Adelman, a partner at the law firm Greenberg & Bass LLP; Dr. Diego Mechoso, the medical director of pediatrics at the hospital; Dr. Todd Moldawer, a hospital physician and orthopedic surgeon at the Southern California Orthopedic Institute; and Francisco Uribe, director of government relations for Home Depot Inc. Los Angeles real estate investment firm Rexford Industrial Realty Inc. paid nearly $9 million for an industrial park in Van Nuys. The company acquired a six-building, 78,000-square-foot business park at 14723-14825 Oxnard St., its second Valley acquisition of the year. Rexford has interests in more than 60 properties with 7.7 million rentable square feet, in addition to managing 20 other properties with about 1.2 million rentable square feet. Van Nuys Airport saw a 3.6 percent rise in aircraft operations last year after a downturn in 2012. The San Fernando Valley airfield reported 273,100 operations – defined as a takeoff or landing –compared to 263,900 the year before. The increase is attributed to more air charter, corporate and private jet flights. Takeoffs and landings fell 14.9 percent in 2012 from the previous year. Woodland Hills Great American Group has sold its ownership interest in the U.K. footwear retail chain Shoon. The company, which liquidates assets after bankruptcies, began working with Shoon when the chain went into “administration,” the British equivalent of bankruptcy, in February 2012. GA Europe, a subsidiary of Great American, funded a management buy-out of Shoon in May 2012. The company provided working capital and took an equity stake in Shoon, which has since restructured by closing stores, changing its product mix and developing several concession stands to sell its footwear. United Online Inc. has discontinued cash dividend payments to keep more cash on hand. The company, which publishes websites and provides Internet services, spun off its FTD.com site in November. The remaining company publishes the Classmates.com and MyPoints.com sites. The last quarterly dividend, declared on Nov. 30, paid 15 cents a share, which amounted to about $2.2 million. Calabasas A plan by Ixia for regaining compliance with Nasdaq listing rules has been accepted by the exchange. The maker of network testing equipment and software ran into trouble after it failed to report its third-quarter results last year. During the quarter, the company’s chief executive unexpectedly resigned because of a falsified resume and the company made a $190 million acquisition of Net Optics Inc. The company now has until March 18 to file the quarterly report. Failure to do so could result in a delisting notice. – Conejo Valley Thousand Oaks Natalie Mussi has been appointed chief executive of Los Robles Hospital and Medical Center. She previously was an executive at Centerpoint Medical Center in Independence, Mo. and Riverside Community Hospital in Riverside, both owned by Hospital Corp. of America, which also owns the Thousand Oaks hospital. Mussi replaces Greg Angle, who was promoted to president of HCA’s Mountain Division based in Salt Lake City. Agricultural biotech Ceres Inc. is planning a secondary offering of its common stock that could bring in up to $20 million. The firm will use the funds for general corporate purposes, including working capital. It did not disclose the number of shares to be offered or pricing, according to a prospectus filed with the Securities and Exchange Commission. Aegis Capital Corp. of New York is acting as the sole book-running manager of the offering. Camarillo Semiconductor maker Semtech Corp. is laying off 6 percent of its workforce due to softer demand for its chips used in smartphones and other devices. The company is expected to save $35 million annually following the restructuring. Semtech had 1,433 employees as of January 2013, according to its annual report. A 6 percent reduction would amount to about 85 workers. In December, Semtech announced lower earnings guidance for the fiscal fourth quarter due to delays in capital expenditures by telecom companies and the release of a new consumer mobile platform. – Antelope Valley Lancaster Minimum wage violation charges against Chinese electric vehicle manufacturer BYD Co. Ltd. were withdrawn by the California Department of Labor Standards and Enforcement, according to the law firm representing BYD. The company, however, still faces a hearing before the department on two other alleged technical violations. BYD of Shenzhen opened its BYD Coach & Bus LLC in Lancaster in May to make electric buses for public transit agencies. – Santa Clarita Valley Valencia Wesco Aircraft Holdings Inc. has acquired a supply-chain management firm serving the aerospace industry in a deal valued at $550 million. With the acquisition of Haas Group Inc. of West Chester, Pa., the Valencia aerospace supplier adds 1,300 employees and various hubs around the world. Wesco is financing the purchase with a $525 million loan, an existing credit line and cash. Around the Valleys To be considered for publication, submissions should be emailed to [email protected]. Please put ATV in the subject line. For more information, call (818) 316-3123.
Around The Valleys
