LA SERVICES

Rival Puts Bite On ‘Superfood’

FOOD: Overseas buyer grabs Essential Living on the cheap.

Bankrupt “superfood” dealer Essential Living proves a tasty target for snack company.

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Winnick Dials Up Deal for OTT-Streaming Site

TECHNOLOGY: Former Global Crossing chief aims to take on Netflix, Hulu.

Word broke last week that Los Angeles billionaire and former telecommunications mogul Gary Winnick was back in the game, taking a majority stake in startup streaming service Qello.

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Study Says USC Responsible for $8 Billion Impact on California Economy

An independently conducted study commissioned by USC found that the university spurs $8 billion in economic activity in California every year.

Big Order to Fill

SHIPPING: New alliances for megaships could tangle ports.

New cargo alliances formed to fill up megaships could bring big challenges to the ports.

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Trucking Firms Fear Hiked Fuel Taxes Will be Steered From Road Repairs

Driving Issue

Trucking businesses back fuel tax hikes but worry the money will be steered away from road repairs.

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Investors in Chain Get More Servings of Bad News

DINING: Dim sales forecast, another executive departure batter stock of DineEquity.

DineEquity Inc.’s woes aren’t over.

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Peter Guber Sues Insurance Broker Over Lost Roman Sculpture

Peter Guber has literally lost his head. That’s according to a lawsuit filed Thursday in Los Angeles Superior Court, which details the billionaire sports and entertainment magnate’s quest for an insurance payout covering the loss of a “multi-million dollar antiquity known as the Bronze Roman Head of Lucius Aelius Verus as Caesar.”

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DTLA’s Angels Flight Railway to Reopen by Labor Day

The historic but troubled Angels Flight railway in DTLA will reopen to the public by Labor Day, Los Angeles Mayor Eric Garcetti announced Wednesday.

DineEquity Share Price Plunges as Applebee’s Sales Expected to Continue Decline

Restaurant company DineEquity Inc.’s share price plunged today with the announcement that the company expects sales at Applebee’s Neighborhood Grill & Bar to continue their decline this year.

Officials Break Ground on $1.6 Billion LAX International Terminal

Los Angeles Mayor Eric Garcetti and airport officials broke ground Monday on a new $1.6 billion international terminal at the Los Angeles International Airport.

SBE to Open Its First Hotel in the Middle East

Luxury hospitality company SBE is scheduled to open its first hotel in the Middle East this spring, the company announced this week.

Los Angeles Paces Field in Congestion

Report rates region as worst in terms of traffic, resulting in total loss of $9.6 billion annually.

Los Angeles tops a traffic report as the most-gridlocked urban area in the world.

L.A. Times’ Parent, tronc, Posted Profit in 2016, But Digital Efforts Lagged

MEDIA: Positive News for Paper?

Los Angeles Times’ parent, tronc, saw a profit last year but its digital efforts have yet to click.

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Owners Look to Sell Print Publications as Ad Revenue Dwindles

Paper Pushers

Declining ad revenue has forced some local publications to print up for-sale signs.

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DineEquity CEO Steps Down Amid Poor Sales at Applebee’s, IHOP Chains

DINING: Restaurant Operator Feels Heat as Shares Tumble

DineEquity investors have a lot to chew on as the chief exec has stepped down amid falling sales.

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