MNX Global Logistics Acquires Australian Transport Firm

MNX Global Logistics, a Long Beach-based global provider of specialized transportation and logistics services, acquired Melbourne, Australia-based Logical Freight Solutions, company officials announced Wednesday. Terms of the deal were not disclosed.

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Sedgwick Shut Down: L.A. Office Set to Close

Sedgewick LLP, an 84-year-old global law firm based in San Francisco, will close its doors by the end of the year, laying off nearly 50 attorneys and staff in Los Angeles, a company official said.

L.A. Business Schools Climb in Latest Rankings

Three Los Angeles business schools rated among the nation’s best graduate MBA programs, with each moving up in rank this year, according to Bloomberg Businessweek’s 2017 list of Best Business Schools.

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Office Building Near LAX to be Converted to Hyatt Hotels

A 13-story office tower near Los Angeles International Airport will be converted into a 129-room Hyatt House and a 272-room Hyatt Place Hotel.

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L.A. Firm Secures $17M Settlement from Opus Bank

Opus Bank is settling for $17 million a class-action shareholder lawsuit brought by Los Angeles-based Glancy Prongay & Murray alleging the Irvine company misled investors about the quality of its loans.

Report: Creative Artists Agency Signs Japanese Baseball Star

Move could signal a jump to Major Leagues.

Shohei Otani, a star pitcher/outfielder in Japan, signed with Creative Artists Agency to represent him in his transition from the Japanese League to Major League Baseball.

Departure of Bouchon Rattles L.A.’s Restaurant Industry

The news last month that world-famous celebrity chef Thomas Keller would close the Beverly Hills location of his French restaurant Bouchon on Dec. 31 came as a surprise to some in the L.A. restaurant industry.

Fat Brands Acquires Ponderosa and Bonanza Steakhouse Brands

The owner of the Fatburger brand has completed the $10.5 million acquisition of Homestyle Dining, parent company of the Ponderosa and Bonanza Steakhouse brands.

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UCLA, USC Jump in Latest Biz School Rankings

Anderson School Vaults into Top 10 globally.

The UCLA Anderson School of Management moved into the Top 10 MBA programs in the world, while USC’s Marshall School of Business moved up 25 notches in the annual rankings compiled by the Economist magazine.

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Tetra Tech Gets Slice of $950M Environmental Contract

Pasadena-based Tetra Tech Inc. announced Wednesday that it was part of a group awarded a $950 million contract by the U.S. Army Corp of Engineers.

Soylent Banned from Canada

Soylent, the liquid meal-in-a-bottle, was banned for sale in Canada after the Canadian Food Inspection Agency declared it did not meet requirements for a “meal replacement” product, the drink’s maker, Rosa Foods Inc. said.

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Fatburger Owner Fat Brands Inc. Debuts on Nasdaq

Fat Brands Inc. made its initial public offering on the Nasdaq yesterday after reaching its goal of raising $24 million on Friday.

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Available Hotel Rooms Near L.A. Convention Center Doubled in Last Five Years

The number of hotel rooms available or under construction around the Los Angeles Convention Center doubled to more than 5,000 rooms over the past five years, according to a study released yesterday by Councilmember Jose Huizar, who represents downtown.

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Social Reality’s Stock Price Jumps 70 Percent After Initial Coin Offering Announcement

Social Reality’s stock price spiked more than 70 percent to close at $4.90 a share Tuesday after the marketing software developer announced an initial coin offering.

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Tetra Tech Inc. Scores $85 Million EPA Contract

Pasadena engineering firm Tetra Tech Inc. has won an $85 million contract from the Environmental Protection Agency to assess abandoned uranium mines in the Navajo Nation in the Southwest, the company announced Wednesday.

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