Recent and archived news stories on: Manufacturing, agribusiness, chemicals, electronics, energy, fabrication, plastics, textiles, international trade, shipping, logistics

Report Says MGA Proposed Merger With Mattel

Isaac Larian, chief executive of Van Nuys toymaker MGA Entertainment Inc., last month offered to merge the company with rival Mattel Inc., according to a report by the Wall Street Journal.

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Differential Brands Names Borromeo President of Hudson Jeans

Differential Brands Group Inc. has named Maria Borromeo president for its Hudson Jeans brand, the company announced May 16.

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Pelican Products to Host UK Entrepreneur Program in Torrance

Pelican Products, makers of protective cases for a range of products, is sponsoring a pilot program that will bring six UK-based entrepreneurs to the company’s headquarters in Torrance for training this fall.

Ports’ Cargo Numbers Mixed in April

The Port of Long Beach saw a 10.8 percent increase in cargo movement for the month of April compared to the same time last year. Port of L.A. on the other hand, recorded a decline.

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Beyond Meat Plans Global Distribution

Beyond Meat, makers of plant-based meat substitute products, announced its plan to enter the global market beginning this summer.

Southern California Warehouses May Have to Regulate Trucking Pollution

The South Coast Air Quality Management District moved a step closer in regulating pollution stemming from trucks by focusing on a different sector of the cargo movement supply chain: warehouses.

Chicken of the Sea Moves North American HQ to El Segundo

Chicken of the Sea International, providers of canned seafood products, moved its North American headquarters from San Diego to El Segundo, the company announced May 2.

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Saban Brands to Sell Power Rangers to Hasbro for $522M

Century City-based Saban Brands, creators of the live-action Power Rangers children’s show, agreed to sell the brand to Hasbro Inc. for $522 million, the companies announced May 1.

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Air Agency Committee Decision Aimed at Toxic Chemical Used at Area Refineries

A South Coast Air Quality Management District committee on April 28 ordered agency staff to develop rules or reach an agreement to reduce the risk of accidental releases of a toxic chemical at two local refineries.

Mattel Shares Rise after First Quarter Earnings Announced

Shares of toymaker Mattel Inc. rose 4 percent after the company beat analyst expectations for its first quarter earnings announced April 26.

L.A. Jewelry Co. Fined $1.6M for Lead, Cadmium in Products

A downtown Los Angeles jewelry distributor has been fined $1.6 million for selling products with lead and cadmium levels exceeding state limits, state regulators and the state attorney general announced April 24.

Chinese Company's Impending Control of L.B. Terminal Prompts Concern

U.S. regulators have reportedly raised concerns about China-based Cosco Shipping taking control of a container terminal at the Port of Long Beach as part of its $6.3 billion acquisition of another shipping line, the Wall Street Journal reported on April 20.

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New CEO at Mattel Inc.

Toymaker Mattel Inc. announced April 19 that its chief executive officer, Margo Georgiadis, is leaving the company to take up the top executive position at Ancestry, a consumer genomics company.

Ares Energy Fund Buys Majority Stake in N.J. Solar Firm

Ares Energy Infrastructure Fund, a unit at Century City-based private equity firm Ares Management, has acquired a majority stake in Conti Solar of Edison, N.J, the parties announced April 17.

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PierPass Switches to Appointments and Flat Fees for Shipping Cargo Pickups

PierPass Inc., a not-for-profit organization created by terminal operators at the Port of Los Angeles and Port of Long Beach, is replacing its pricing model and implementing an appointment-based system for container pickups, the entity announced on April 16.