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Business Week in Review

Posted: October 8, 2011 1:55 a.m.
Updated: October 8, 2011 1:55 a.m.
 

Did you miss these local stories?

“Biomedical firm offers support”
Oct. 1:
Boston Scientific’s “Bridge to the Future” program reached out to the William S. Hart Union High School District black high school students interested in entering the ever-growing biomedical field. Seventy-six Hart high school students met with the firm to learn the program offers stipends of $3,000 per year for higher education and a paid internship for every student who participates in the program.

“Medicine for the community”

Oct. 2:
Mike Quick, national vice president of development for Good Neighbor Pharmacy, created by Fortune 25 company Amerisource Bergen, was part of the team that created the pharmacy network so independent owners could compete against the chain stores. Quick also worked with the team that put together the inaugural Santa Clarita Jazz Festival.

“U.S. HealthWorks buys Camarillo medical center”
Oct. 4: HealthWorks of Valencia, a leading operator of occupational health care and urgent care medical centers in California, acquired a medical center in Camarillo. Terms of the transactions were not disclosed.

“Auto sales strong in September”

Oct. 5:
New-vehicle sales for September continue to improve, J.D. Power and Associates reported. The marketing firm projected retail sales would be above 10 million for the first time since April. And sales are expected to be 9 percent higher than in September 2010. Retail sales are believed to be the most accurate predictor of consumer demand for new vehicles.

“Shop shows no sign of slowing”

Oct. 5:
September marked a milestone anniversary for A&K Body and Fender of Santa Clarita; it signified the shop’s 38th year of operation. Owner Richie Koch, along with his wife, Candy, opened A&K Body and Fender in 1973.

“Providence forms a new joint venture health care group”

Oct. 5:
A new joint venture, Providence Partners for Health, has been formed, owned equally by Providence Health & Services, Southern California and member physicians, with five medical centers in the greater Los Angeles area. Physicians will lead and oversee the alliance. Providence members who meet investor qualifications will be eligible to join the new organization.

“Local company leads the charge”

Oct. 6:
Quallion is expanding use of its lithium-ion batteries from biomedical applications to aerospace and defense. The company’s innovations have prompted the company’s move into Valencia’s Mann Biomedical Park in February 2012 to meet the demand for increased work space.

“Small business bill signed by Governor”

Oct. 6:
Governor Brown signed a bill to ensure California makes the most of federal funds for small business loans and loan guarantees, Assembly member V. Manuel Pérez announced Thursday, Oct. 6.

“Man wins iPad from Galpin Subaru”

Oct. 7:
Galpin Subaru is hosting a community event Saturday, Oct. 8,  to celebrate its grand opening as a Subaru dealership from noon to 5 p.m. Activities and food for the whole family, including a Go Kart race track, are free.

“Proposals made to change tax code”
Oct. 7, 2011

As the federal government grapples with the budget deficit, proposals have been made to change the tax code as a solution to generating increased tax revenues. Changes include curtailing or eliminating the mortgage interest deduction. Local real estate and home-mortgage experts how likely it is that Congress will eliminate the home-mortgage deduction, all agreed the chances are slim to none.

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