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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.
Mattel has been in desperate need of a hit toy. After reporting that Barbie sales had plunged, again, in the final quarter of last year, the El Segundo toymaker’s interim Chief Executive Christopher Sinclair told investors the company would make changes “with a heightened sense of urgency.”
Warren Boley has abruptly resigned as the president of the Aerojet Rocketdyne, the rocket engine manufacturer with facilities in Chatsworth.
Virgin Galactic is moving the development and manufacturing of its LauncherOne satellite-carrier rocket from the Mojave Air & Space Port to Long Beach.
Malibu toymaker Jakks Pacific Inc. has obtained the licensing rights to create toys, costumes and other items for the upcoming movie Warcraft.
After halting the loading and unloading of ships last weekend at the ports of Long Beach and Los Angeles, shippers and terminal operators are upping the ante by suspending upcoming weekend and holiday activity, denying higher weekend and holiday pay to longshore workers.
Frustrated after more than nine months of contract negotiations with the West Coast dockworkers’ union, the chief executive of the shippers bargaining group Pacific Maritime Association on Wednesday revealed details of its offer to the union in a conference call and threatened a shutdown of operations at West Coast ports.
Mattel Inc.’s Interim Chief Executive Christopher Sinclair told investors Friday the El Segundo toymaker will make needed changes “with a heightened sense of urgency” as the company reported weak sales and earnings for the final quarter of last year.
Hawthorne manufacturer OSI Systems Inc. will vacate its Camarillo plant by April 30 to consolidate operations at its headquarters, company officials reported to the state’s Employment Development Department earlier this month.
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.