Los Angeles Business Journal

LA SERVICES

Recent and archived news stories on: Accounting, Advertising, Consulting, Jobs, Food, Insurance, Law, Printing, Public Relations, Security...

High on Dry

LANDSCAPING: Sales of drought-resistant plants blossom at nurseries with help from government subsidies to cut back on grass.Drought-resistant plants become hot items at nurseries, boosted by government subsidies to trim lawn space.

By Howard Fine March 30, 2015 midnight   $$ Share

Brazil Loses Latest Round of Fight for Giant Emerald

Three businessmen claiming to own the 840-pound “Bahia Emerald” caught a break in Los Angeles Superior Court Monday after a judge rejected a request from Brazil to dismiss the five-year-long legal battle and ultimately grant the country ownership.

Briefs: Medbox Climbs, LMU Names New President, Kirk Douglas Donates

Medbox Climbs Medbox Inc. shares jumped 17 percent on Friday to $1.65 after the West Hollywood marijuana dispensing firm filed its first annual report and first regulatory filing since restating previous years’ financials.

Former Northrup Grumman CEO Gives Caltech $10 Million

Kent Kresa, a former president and chief executive at Northrop Grumman Corp., is donating an unrestricted $10 million endowment to the California Institute of Technology’s division of physics, mathematics and astronomy, the school announced Monday.

Anderson Forecast Has Good News for Job Growth

California should expect continued job growth and reduced unemployment figures over the next three years, according to the UCLA Anderson Forecast released on Thursday.

Three Arrested for Operating Local ‘Pay-to-Stay’ Schools

Three Los Angeles residents were arrested Wednesday after federal officials accused them of operating four schools that helped foreign nationals stay in the United States as students without attending classes.

Briefs: Wilshire Associates Opens China Office, Aecom CEO Named Chairman, New Boss at Marlborough School

Wilshire Associates Opens Office in China Santa Monica investment firm Wilshire Associates has opened an office in Suzhou, China.

Judge Rejects Mercury Suit Against Insurance Commissioner

A Sacramento judge has ruled that California’s Insurance Commissioner has the legal authority to lower insurance industry premiums in an effort to stop certain advertising costs from being passed on to consumers through higher premiums.

Alliant Acquires Earthquake Insurance Firm

Glendale insurance firm SIU Managers, which specializes in the earthquake market, has been acquired by Newport Beach-based Alliant Insurance Services Inc. as part of a larger, $300 million international insurance deal expected to close next month.

On Assignment Sells Staffing Segment for $123 Million

On Assignment Inc. announced Tuesday that it will sell its physician staffing segment, Vista Staffing Solutions Inc., for $123 million.

Mercury Insurance Hit With $27.5 Million Fine Over Broker Fees

State Insurance Commissioner David Jones on Monday ordered Mercury Insurance to pay a $27.5 million fine for charging policyholders unauthorized broker fees.

PETA Protests the Return of Foie Gras; Hot’s Kitchen Undeterred

Roughly 20 PETA protestors gathered outside Hot’s Kitchen in Hawthorne on Thursday to protest the return of foie gras to the restaurant’s menu, as well as the chef who cooks it up.

Poll: Is hiring sales reps to sell online ads an outdated way to compete in 2015?

Every week the Los Angeles Business Journal asks readers their views on a variety of business and economic issues. A running tally is available on the site and later will be published in the Commentary section of our print edition. Our latest poll is available on the bottom right column of our home page.

Poll: How effective are online ads?

Every week the Los Angeles Business Journal asks readers their views on a variety of business and economic issues. A running tally is available on the site and later will be published in the Commentary section of our print edition. Our latest poll is available on the bottom right column of our home page.

OSI to Manufacture Suicide Bomb Detector

Rapiscan Systems Inc., a Torrance supplier of security inspection systems, announced Tuesday that it has added a suicide-bomb detector to its portfolio.

Tease photo

Catholic League, American Atheists Take Christmas Feud to L.A.

A years-long feud between two groups that has played out on Christmas-related billboards across the country came to Los Angeles on Wednesday.