Los Angeles Business Journal

Irwindale Delays Sriracha ‘Public Nuisance’ Decision

Faced with a flock of Sriracha supporters, the Irwindale City Council on Wednesday night delayed its decision to declare the Huy Fong Foods hot chili sauce factory a public nuisance, the Pasadena Star-News reports.

Beverly Hills Robinsons-May Site Back on Market

One of the most desirable pieces of real estate in the country, the former site of a Robinsons-May store in Beverly Hills, is once again on the market after the latest in a succession of owners abandoned development plans, the Los Angeles Times reports.

FCC to Propose New 'Net Neutrality' Rules

The Federal Communications Commission today will propose new rules on Internet traffic that would allow broadband providers to charge companies a premium for access to their fastest lanes, the Wall Street Journal reports.

Tesla May Build Another Car Factory in California

Rumors are swirling that Tesla will begin making more cars in California at a facility the company has leased in Lathrop, east of San Francisco, but the company isn't saying, the Los Angeles Times reports.

E-Cigarettes Face First Regulations

The Food and Drug Administration today plans to impose the first federal regulations on electronic cigarettes, eventually banning sales of the popular devices to anyone under 18, the Wall Street Journal reports.

Postal Workers Union to Protest Staples Store Program

Thousands of postal workers around the country, including in Los Angeles, today are expected to protest the opening of postal counters in Staples stores staffed with retail employees, not union workers, the Associated Press reports.

Apple Jumps on Earnings, Stock Split

Apple posted quarterly earnings and revenue that topped estimates late Wednesday and announced a 7-1 stock split, leading shares to spike in early trading today, CNBC reports.

DeGeneres Shows Home-Renovation Overdrive

The New York Times looks at the increasingly sophisticated real estate chops of talk show host Ellen DeGeneres, who has bought, renovated and sold more than half a dozen California homes in recent years.

Study: Toll Lanes Seem to Speed Things Along, Somewhat

The first comprehensive analysis of Los Angeles County's experimental toll lanes indicates the pay-to-drive routes made some rush-hour commutes faster and less painful, but made little to no difference for many drivers battling morning traffic, the Los Angeles Times reports.

Sherman, Hahn Urge Valley Business Leaders to Speak Up

Two local members of Congress on Wednesday urged local business leaders to increase their involvement in issues ranging from transportation to immigration reform if they want to bring more federal dollars to the San Fernando Valley and Los Angeles, the Los Angeles Daily News reports.

Durable Goods Orders Grow More Than Expected

Orders for long-lasting U.S. manufactured goods rose more than expected in March and a measure of business capital spending plans surged, bolstering views of an acceleration in growth in the second quarter, Reuters report.

Zimmer Holdings to Buy Biomet

The nearly $13.4 billion cash-and-stock deal, announced today, brings together two providers of orthopedic, surgical and dental products, and is the latest in a wave of health care and pharmaceutical deals. the New York Times reports.

New World of Risqué Business Names: Holy Crap and Big Ass Fans

Not long ago, a cereal called Holy Crap might have been the punch line of a joke, or even banned. Few would have expected annual sales to grow to $5.5 million in four years. The New York Times looks at how risqué company names can lead to sales success.

Markets Rise

In Thursday morning trading, the Dow Jones industrial average was up 29 points to 16,531. The Nasdaq rose 29 points to 4,156. The S&P 500 rose 7 points to 1,882.

Exide Workers Get Layoff Notices

Exide Technologies, the operator of a Vernon battery-recycling plant, announced temporary layoffs of nearly all of its employees due to its shut-down was over air pollution concerns, the Los Angeles Times reports.

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