Los Angeles Business Journal


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

Kinkisharyo to Keep Jobs in L.A. County

Kinkisharyo International reached an agreement on Tuesday with labor and community groups that will keep light rail manufacturing jobs in Palmdale and not take them out of state.

Disney’s ‘Frozen’ Dolls Displace Barbie as Top Gift Choice

Shoppers polled for the National Retail Federation’s annual Holiday Top Toys Survey have chosen dolls from Walt Disney Co.’s “Frozen” as their top gift choice for girls. It marks the first time in 11 years that Mattel Inc.’s Barbie doll did not take the top spot.

Acquisition Pumps Up Nutrition Bar Maker

Nellson Nutraceutical, an Irwindale nutrition bar and powder maker, plans to acquire Le Groupe Multibar Inc., a Montreal-based manufacturer of nutritional and snack bars, Nellson announced Monday.

Galpin, Henrik Fisker to Debut Muscle Car Made of Carbon Fiber

Henrik Fisker is expected to announce plans for a new muscle car with a body made of carbon fiber during an appearance at the Los Angeles Auto Show today. Fisker is working with Galpin Motors Inc. in Los Angeles on the project, according to Beau Boeckmann, the auto dealeship’s president and chief operating officer.

Rocket Explosion Delays ATK-Orbital Merger

The explosion last month of an unmanned rocket made by Orbital Sciences Corp. is delaying its planned merger with Alliant Techsystems Inc.

Agriculture Shippers Call on Obama to Intervene in Port Delays

Agriculture shippers are the latest group to call on President Barack Obama to intervene in the delays affecting West Coast ports.

Bigger Ships Drive Up Cargo at Port of L.A.

The Port of Los Angeles saw cargo volume rise 4.6 percent in October over the same month a year ago, the agency reported Monday.

Oxy Spinoff’s Shares Dropping

Thanks to falling oil prices, shares of Occidental Petroleum Corp.’s forthcoming California spinoff are trading off-exchange well below analysts’ earlier expectations.

Jakks Expands to China

Malibu toymaker Jakks Pacific Inc. announced on Tuesday that it has formed a joint venture with Meisheng Culture and Creative Corp. to bring its products to China.

Charney Investigation Costs American Apparel

American Apparel announced a substantial quarterly loss on Monday, but a large part of that was due to one-time charges relating to an internal investigation of former chief executive Dov Charney.

Freedom Investors Press for Receivership

Two investors who helped finance the purchase of Freedom Communications in 2012 have asked a court to put the media company’s operations into receivership.

Union Accused of Slowing Port Traffic

The Pacific Maritime Association is accusing the International Longshore and Warehouse Union of orchestrating a deliberate slowdown of container movement at the ports of Los Angeles and Long Beach, after initiating similar actions earlier this week at the ports of Seattle and Tacoma.

FBI Veteran Joins Board of Marijuana Machine Maker

West Hollywood’s Medbox Inc., a maker of marijuana dispensing machines, has added a former FBI assistant director of security to its board of directors.

Strong Earnings, New President for Avery

Avery Dennison saw shares of its stock rise on Friday, following a strong third-quarter earnings report and the appointment of Mitchell R. Butier as the company’s new president and chief operating officer.

Profit Drops for Local Oxy Unit Amid Rising Production Costs

Thanks to rising production costs and softening oil prices, profits fell during the third quarter at California Resources Corp., the oil producer that is to be spun off from Occidental Petroleum Corp. next month.