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Mattel Inc. shares dropped 5 percent Monday after the El Segundo toy maker announced that Bryan Stockton resigned as chairman and chief executive, and that early estimates of recent quarterly sales and net income fell off sharply from last year.
Malibu toymaker Jakks Pacific Inc. announced today that it has secured a licensing deal to make toys and costumes based on the Microsoft Studios video game “Halo.”
California Resources Corp. announced Monday that it has dropped plans for a major drilling project in Carson because of low oil prices.
Last year was the Port of Long Beach’s third-busiest, port officials said late Tuesday, as cargo container volume rose 1.3 percent over 2013.
Despite congestion at the harbor and reports of cargo being diverted to other West Coast ports, the Port of Los Angeles saw a slight uptick in cargo traffic last month over the same month a year earlier.
The Pacific Maritime Association will stop calling on longshore workers to load and unload ships at night at the ports of Los Angeles and Long Beach as of Tuesday night, the organization said in a statement to the Business Journal.
Rocked by the oil price crash and its own plummeting stock price, Breitburn Energy Partners has sliced its distributions to shareholders by just over 50 percent.
Downtown L.A.’s Cambrian Energy Development, a landfill gas-to-energy developer, has purchased a majority stake in a Dallas biomethane production facility for $40.6 million.
The number of longshore workers called to work overnight at the Ports of Los Angeles and Long Beach may be cut by two-thirds, the latest twist in the months-long contract negotiations between dockworkers and shipping lines at West Coast ports.
Mattress manufacturer Serta Simmons Holdings of Hoffman Estates, Ill. will close its Compton plant early next year and lay off 94 people, the company told the state’s Employment Development Department.
Frustrated that the Pacific Maritime Association and the International Longshore and Warehouse Union are still negotiating a new labor contract for West Coast ports, 166 groups have called on President Barack Obama to immediately help resolve the contentious issue.
Last month was the Port of Long Beach’s busiest November since 2007, with cargo volume up 2.1 percent over a year ago.
Boeing Co. will lay off 360 people in Southern California between Dec. 12 and Jan. 1, according to state-required layoff notices posted by the California Employment Development Department. The Chicago aerospace manufacturer will lay off 98 workers in El Segundo, 137 in Long Beach and 125 in Huntington Beach, according to the notices.
Amid rumors of a possible sale of the company, Long Beach supply chain services provider UTi Worldwide Inc. said late Monday that Eric W. Kirchner had resigned as chief executive and Edward G. Feitzinger would take over the top spot, effective immediately.
The U.S. District Court for the Central District of California has ordered that a Mid-City Los Angeles seafood company, Neptune Manufacturing Inc., shut its business and destroy all its seafood until it puts in place an approved food-safety program, the U.S. Department of Justice announced Thursday.