Los Angeles Business Journal

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Recent and archived news stories on: Politics, Federal, States, Local, Public Policy, Regulation, Social Services, Trade, Op-Ed/Commentary...

Minimum Wage Hike One Vote Away

L.A.’s minimum wage hike got one step closer Wednesday, but will need yet another approval from the City Council before going to Mayor Eric Garcetti.

L.A. Food Distributor Transferred Millions from Iran to U.S.

The owner of Primex International Trading Company, Inc., or Pitco, a food distribution company located near Los Angeles International Airport, has pleaded guilty to tax fraud and federal charges of operating an unlicensed business through which more than $17 million was transferred between the United States and Iran.

Friday Rundown: Puma Report On Tap, LAX Traffic Takeoff Continues, Zipcar and Metro Team Up

Puma to Unpack Drug Study Puma Biotechnology Inc. on Monday morning will reveal additional details from a pivotal study of its breast cancer drug at the American Society of Clinical Oncology’s annual meeting in Chicago.

City to Property Owners: Fix Your Own Sidewalks

The City of Los Angeles has taken on the responsibility for repairing sidewalks buckling under the force of tree roots for more than 40 years, but that may change soon.

County Unemployment Holds Steady Amid Modest Job Gains

L.A. County’s unemployment rate was unchanged in April at 7.6 percent amid modest job gains that left the county just short of its all-time payroll jobs peak, state figures released Friday show.

Convention Center Designs Go on Display

After years of talk about the need for an improved and expanded Los Angeles Convention Center, Angelenos can now get a glimpse at what an updated center might look like.

Ryu Tops Business-Backed Ramsay in Council Race

In Tuesday’s District 4 L.A. City Council election, political newcomer David Ryu beat Carolyn Ramsay, the candidate backed by most business organizations, in the race to replace Councilman Tom LaBonge, according to provisional results released Wednesday.

L.A.’s Wage Will Rise

Consider L.A.’s minimum wage hiked.

Business Group Takes on CARB over Cap and Trade

Calling California’s cap-and-trade emissions auctions a form of extortion, the National Federal of Independent Business’ Small Business Legal Center has filed a brief in the Third District California Court of Appeals, saying the auctions are a burden to small business and that the California Air Resources Board lacks the legal authority to sell emission allowances.

Briefs: Ducommun Expands Relationship with Gulfstream, Brown Signs Climate Change Agreement

Ducommon, Gulfstream Expand Relationship Carson aerospace manufacturer Ducommun Inc. is expanding its business with business-jet maker Gulfstream Aerospace Corp. to make parts for two new business jets models.

Looming Wage Hike Tamps Down Business Confidence

L.A. area businesses are optimistic about business conditions this year and plan to sharply ramp up capital spending, according to a survey to be released today from the Los Angeles County Business Federation, or BizFed.

Council Separates Paid Time Off from Minimum Wage Hike Plan

Responding to an outcry from local business groups and from Los Angeles Mayor Eric Garcetti, City Council leaders late on Friday agreed to separate a controversial paid time off mandate from the minimum wage hike it plans to consider next week.

Paid Time Off Part of Minimum Wage Proposal?

The minimum wage hike proposal approved by an L.A. City Council committee this week might require employers to pay minimum wage workers for time off.

Wage Hike Moves Forward, Gives Businesses More Time

A Los Angeles City Council Committee on Wednesday voted to hike the citywide minimum wage to $15 an hour, but also to give more time for businesses to comply.

Carsharing Coming to a Parking Meter Near You?

Carsharing could soon become much more common in Los Angeles – as common as parking meters, in fact.