Los Angeles Business Journal

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Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...
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SpaceX Runs Down All Rocket Explosion Leads, Sabotage Included

As part of an effort to run down every lead in its Falcon 9 rocket explosion investigation, Space Exploration Technologies Corp. is reportedly looking into sabotage, possibly by its rival United Launch Alliance.

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Software Firm Works to Get on Track With Weed

TECHNOLOGY: Kind Financial aims to keep pot firms compliant.

Kind Financial switched focus to also put money on pot tracing and tracking software.

Russian Firm’s Bid For Rocket Launcher Comes Under Fire

Deals of the Week: A look at the companies that signed on the dotted line last week

Russian private aviation holding company CJSC S7 Group’s purchase of Sea Launch, a rocket launch company that operates out of the Port of Long Beach, is making waves in the Southern California aerospace industry, with a legal challenge by the Boeing Co. and concerns about the Russian company’s involvement.

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Buyer Charged Up Over Electric-Car Storefront

ACQUISITION: Deal grows KLM’s landlord presence at Third Street Promenade.

The sleek storefront that is home to Tesla Motors Inc.’s showroom on Santa Monica’s Third Street Promenade has sold for about $15.6 million, or roughly $5,200 a square foot, to the same company that purchased the Promenade’s Apple store in 2014.

L.A. Garment Manufacturers Fined for Labor Law Violations

The California Labor Commissioner’s Office fined 18 Los Angeles garment manufacturers and contractors more than $682,000 this month for labor law violations, the office announced Friday.

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Explosion, Crash Shake Up Firms’ Race to Stars

AEROSPACE: Virgin banks on tiny satellites.

Virgin Galactic’s satellite program could be the warm-up to getting its space tourism business off the ground.

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Bankrupt Shipping Line in Fight Over Fuel Bill

TRADE: Federal marshals arrest Hanjin cargo ship as creditors pursue payment.

U.S. marshals placed hold on Hanjin ship over bankrupt company’s fuel bill.

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Business District Eyes Alleys to Field Green Space

DEVELOPMENT: Project seeks to generate room for gatherings in South Park.

South Park, home to just a couple of small parks, is rich with construction but poor on green space.

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Dead in the Water

The bankruptcy of Hanjin Shipping may seem like an isolated event, but expect it to have a major impact on the economy.

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Port of LA Cargo High in August; Long Beach Cargo Numbers Drop

The Port of Los Angeles had its second-busiest month in its 109-year history in August, while neighboring Port of Long Beach saw overall cargo numbers decline year-over-year for the month.

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Hanjin Ships Finally Dock at Port of Long Beach

Two Hanjin Shipping Co. vessels that had been waiting for more than a week to unload their cargo at the Port of Long Beach after the company filed for bankruptcy have finally been allowed to dock.

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Sinking Shipper Receives Bailout

Parent plans to sink $90 million into bankrupt Hanjin to get cargo moving at ports.

Hitting Turbulence at LAX

All USC sociology professor Manuel Pastor wanted to do was catch some Z’s before having to give a keynote speech at the annual meeting of the National Alliance of Community Economic Development Associations in Cleveland a couple of weeks back.

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Retailers’ Concerns Mount as Hanjin Bankruptcy Delays Trade

The fallout from Hanjin Shipping filing for bankruptcy and ceasing operations this week was immediate, as cargo ships sat off the California coast unable to dock and freight companies scrambled to move their cargo.

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Ports Awash in Bankrupt Shipping Line’s Cargo

TRADE: Hanjin’s collapse could prove big blow to Long Beach operations.

Bankruptcy of Hanjin Shipping leaves cargo shipments adrift at ports.