Los Angeles Business Journal


Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...

Better-Than-Expected Quarter for U.S. Auto Parts

Shares of U.S. Auto Parts Network Inc. rose more than 12 percent on Friday, a day after the after-market automotive parts distributor reported a significantly smaller fourth quarter loss.

American Apparel Expects Higher Sales, Lower Earnings

American Apparel has reported it expects that last year’s revenue will be higher than the year before but pre-tax earnings will be much lower.

Rentech Sells Alternative Energy Business to Chinese

Rentech Inc. on Wednesday announced that it has agreed to sell its alternative energy technologies and equipment to a Chinese company.

Ceres Falls on Pricing of Offering

Shares of agricultural biotech Ceres Inc. fell more than 20 percent Wednesday on news of a low pricing for its secondary offering.

AeroVironment Profit Jumps 188 Percent

Shares of AeroVironment Inc. rose nearly 5 percent in Tuesday after-hours trading after the Monrovia company reported strong improvement in its fiscal third-quarter profit and revenue on more orders for both its unmanned drone aircraft and electric car battery chargers.

Wesco Completes Aerospace Services Acquisition

Wesco Aircraft Holdings Inc. has closed on its acquisition of a supply-chain management firm serving the aerospace industry in a deal valued at $550 million.

L.A. Council Orders Fracking Moratorium Ordinance

The Los Angeles City Council on Friday voted overwhelmingly to ban fracking at oil and gas wells in the city until it could be shown the activity would not harm the environment or public health. The vote makes Los Angeles the largest city in the nation to impose a moratorium on the controversial drilling practice.

Mattel May Challenge Lego with Mega Brands Purchase

Toymaker Mattel Inc. has agreed to purchase Montreal-based Mega Brands Inc., seller of children’s building blocks, for about $460 million including the assumption of debt.

Air Lease Profit Beats Wall Street Forecasts

Shares of Air Lease Corp. climbed in after-hours trading Thursday after the aircraft leasing company reported better-than-expected fourth quarter earnings and revenue.

Jakks Pacific Expects to Turn Profitable This Year

Shares of Jakks Pacific Inc. jumped 23 percent on Wednesday after the toymaker reported a smaller-than-expected fourth quarter loss and said it expects a return to profitability this year.

Mercedes-Benz to Turn Former Boeing Plant into Regional HQ

Mercedes-Benz USA plans to use a leased 1.1 million-square-foot former Boeing facility in Long Beach for a training center, vehicle preparation facility and its western U.S. regional office.

Earnings Roundup: On Assignment, Reliance Steel, LTC

Shares of On Assignment Inc. rose more than 7 percent on Thursday, after the staffing company reported strong fourth quarter results.

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Pretzel Supplier Alleges Twisted Tale

FOOD: Middleman says he was boxed out by Trader Joe’s.

Broker of peanut butter-filled pretzels claims he’s left holding bags after Trader Joe’s conspired with supplier.

Occidental Leaving Westwood for Houston

After nearly a century here, Westwood oil giant Occidental Petroleum Corp. is moving its headquarters to Houston.

Easton-Bell to Sell Baseball Business

Struggling Easton-Bell Sports Inc. has reached an agreement to sell its baseball and softball business to a Canadian firm for $330 million, the Van Nuys sporting goods manufacturer announced on Thursday.