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Geared Up

MANUFACTURING: Exxel Outdoors blazes trail into more rugged, pricey brands with acquisition of American Recreation.Exxel Outdoors hopes to hike up its gear’s appeal with the acquisition of more rugged, higher-priced lines.

By Carol Lawrence April 27, 2015 midnight   $$ Share

Unified Grocers Sells Insurance Operations

Unified Grocers Inc. in Commerce, the largest wholesale grocery distributor in the Western U.S, announced Wednesday it will sell its Springfield Insurance Co. and Unified Grocers Insurance Services – both of which provide insurance to grocery stores that work with Unified – to New York’s AmTrust Financial Services, Inc.

L.A. Airline Catering Workers Strike Outside Kitchen

Saying they don’t have enough tools or manpower to do their work, about 175 employees of Chicago, Ill. airline catering company Flying Food Group protested Tuesday outside one of the company’s kitchens in Los Angeles.

Dentons, McKenna Long to Merge This Year

Law firms Dentons US and McKenna Long & Aldridge will merge later this year, the firms announced late yesterday.

Briefs: UCLA Study Rates L.A. a C+, Lions Gate’s Largest Shareholder Sells

UCLA Environmental Study Gives L.A. County a C+ Los Angeles County has work to do when it comes to the environment, according to a UCLA study released on Tuesday that rates the county’s environmental performance as a C+.

Forecast for Local Hiring Optimistic

Prospects for job seekers in Los Angeles look promising for the next six months.

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.