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The amount of cargo flowing through the local ports surged last month as tentative labor agreement reached in late February and operational changes at the harbor eased the gridlock that had gripped the ports for the past several months.
After delaying the release of its fourth quarter and annual earnings twice, aerospace and defense manufacturer Ducommun Inc. of Carson released its earnings and explained on a conference call Friday that the company had to recalculate and restate certain financial data because of internal errors.
A longshore union caucus voted Friday to recommend approval of the West Coast port labor agreement reached in February, sending the deal on to rank-and-file union members for a vote next month.
Natel Engineering Co. announced on Monday it would merge with OnCore Manufacturing LLC to create one of the largest microelectronic assembly firms in the United States.
Semiconductor manufacturer Microsemi Corp. has made an offer to acquire Vitesse Semiconductor Corp.in a deal valued at $389 million, the companies announced Wednesday.
Congestion at the docks dragged down cargo volume at the ports of Long Beach and Los Angeles for a second consecutive month in February, according to figures released Tuesday.
Monrovia energy storage company Coda Energy on Wednesday named veteran technology executive Paul Detering as the company’s first chief executive following its emergence from bankruptcy in 2013.
GenCorp Inc. is making a 10 percent reduction in the staff of its Aerojet Rocketdyne division, which includes its Chatsworth rocket-engine development and manufacturing facility.
Metal processing firm Reliance Steel & Aluminum Co. of downtown Los Angeles announced Monday that Chief Executive David Hannah will step down in May as part of a succession plan. He will be replaced by President and Chief Operating Officer Gregg Mollins.
National Technical Systems Inc., a Calabasas engineering and testing company, announced Thursday it has acquired Trace Laboratories in Baltimore.
The Port of Los Angeles saw January cargo volumes fall nearly 23 percent compared with the same month a year ago, a result of the slowdowns and partial shutdowns that gripped the local ports during contentions contract negotiations between shipping lines and dockworkers. Those negotiations wrapped up last week.
Malibu toy maker Jakks Pacific Inc. is back in the black, reporting its first profitable year since 2011.
Amid a backlog of shipping containers that have amassed during recent congestion at the twin ports of Los Angeles and Long Beach, mayors of both cities say they will work together rather than compete on new efforts aimed at addressing how changes in ocean trade affect the ports.
The amount of cargo that moved through the Port of Long Beach in January took a nearly 19 percent nosedive compared to the same month last year because of ongoing congestion and labor strife, officials said late Wednesday.
A Wednesday morning explosion at the Exxon Mobil Corp. refinery in Torrance injured four workers and pushed up the local price of wholesale gasoline. The workers suffered only minor injuries, according to an Exxon spokesperson.