Los Angeles Business Journal


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

American Apparel Delays Filing

American Apparel Inc. on Tuesday said it would be late filing its year-end report with the U.S. Securities and Exchange Commission because the company needs to focus on more urgent issues and that its changing situation could affect its annual report.

Rentech Shareholder Group Slams Board, Management

A group of activist shareholders on Monday called on Rentech Inc. to postpone any new stock offerings or other capital raising efforts until after the company’s annual meeting.

State Closes Labor Case Against BYD

Fines levied against Chinese electric vehicle manufacturer BYD Co. Ltd. for violations of state labor requirements were cut by almost two thirds by a California Labor Commissioner Hearing officer, the company announced Thursday.

Edison Mission Bankruptcy Plan Approved

Edison International said Tuesday that a bankruptcy judge in Chicago has approved the sale of most assets of one of its units to a New Jersey electric utility.

Earnings Roundup: Rentech, Marcus & Millichap

Shares of Rentech Inc. and its Rentech Nitrogen Partners spinoff fell on Tuesday after the parent company reported lower fourth-quarter revenue and a larger loss than Wall Street expected. Marcus & Millichap Inc. also reported a net loss due to higher costs from last fall's IPO.

Griffin Holdings Takes Wipes Maker Private

Griffin Holdings in Century City on Monday said that it has completed its tender offer to acquire Tufco Technologies Inc., a large contract maker of branded wet and dry wipes that is based Green Bay, Wis.

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.