Los Angeles Business Journal

L.A. Chamber Opposes Garcetti Plan to Hike Minimum Wage

The Los Angeles Area Chamber of Commerce board of directors has voted to oppose Los Angeles Mayor Eric Garcetti’s plan to hike the minimum wage in the city to $13.25 an hour by 2017.

Burning Issue

SAFETY: Sunseeker transforms aerospace coating into line of fire-resistant products.

Sunseeker hopes landing a U.S. Forest Service deal can turn its fire-resistant products into hot properties.

Governor Signs Paid Sick Leave Bill

Gov. Jerry Brown on Wednesday signed a bill requiring employers to provide at least three days of paid sick leave each year to workers. It applies to part-time workers as well as full-time.

L.A. Employers Hiring Plans to Slow in Fourth Quarter

L.A. employers plan to slow their pace of hiring during the fourth quarter, according to a survey released Tuesday from Manpower Inc.

Ferrari Looks To Rev Up Rodeo Drive

Merchants hope auto display will help fuel sales even after event.

Automotive: Ferrari looks to drive shoppers to Beverly Hills’ Rodeo with anniversary-marking car display.

Tease photo

Business Wages War Over Hike

Politics: Minimum-pay raise feared as too much for city.

Politics: Business groups hope to minimize the damage from a proposed minimum-wage hike in the city of Los Angeles.

Business Wages War Over Hike

he way restaurateur Jeff Kavin sees it, Los Angeles Mayor Eric Garcetti’s plan to hike the minimum wage will have a maximum impact on his business – and it won’t be pretty.

Tease photo

Electric Vehicles’ Latest Breakdown

AUTOMOTIVE: Debt-dragging Enova hopes for reverse merger.

Current problems could mean the end of the road for electric drive-train maker Enova Systems.

Tease photo

Internet Clicks With Low Rates

TAXES: Online business execs fear return of high levies in L.A.

Internet businesses say they rate getting to stay at a lower level of the gross receipts levy.

Compound Interest Spurs Offer for Chip Maker

TECHNOLOGY: Shares of International Rectifier rise as suitor pursues coating.

German suitor sparks to International Rectifier’s high-voltage product for semiconductor chips.

Open to Opposing Views

Things got a little uncomfortable at the Los Angeles Area Chamber of Commerce last week.

Tease photo

Aquifer in Desert Makes Tracks Toward Pipeline

WATER: Government memo bolsters Cadiz’s plan for project along railroad.

Cadiz makes a splash on Wall Street after possibly moving closer to construction of a desert aquifer pipeline.

KFWB Newstalk Format Ends Early

KFWB-AM (980) is ending its newstalk format a week earlier than planned.

Grease Theft Bill Passes Legislature

The state Legislature has approved a bill to increase penalties for stealing used kitchen grease from restaurants.

Century City Image, Logo Looking Up

Chamber highlights towering skyline to tout neighborhood.

Century City Chamber of Commerce is high on its new double-skyline logo.

Tease photo

Older Vehicles Wear Well on Aftermarket Business

AUTOMOTIVE: Shares rise as Motorcar Parts exceeds analysts’ expectations.

Strength of aftermarket sector and a new product line accelerates shares of Motorcar Parts of America.

Taking Top Honors After Sub Mission

Mike Margolis drove down to San Diego with his family earlier this month to cheer on his oldest son, 18-year-old James Wu, who was participating in an unusual event: an international robo-sub competition.

L.A. Unemployment Stays at 8.1 Percent

L.A.’s unemployment rate held steady at 8.1 percent for July even as the county lost 58,000 jobs in July as schools let out for the summer, according to state figures released Friday.

11 Percent Hike Recommended for Workers’ Comp

Workers’ compensation insurance rates should go up 11 percent next year from current levels, an insurance industry body said Wednesday despite objections from business and labor interests.

Table Maker Throws iPad A Curve

J. Robert Scott looks to furnish tablets with style for $2,910.

J. Robert Scott looks to tap stylish users of iPads for its $2,910 table for tablets.

Tease photo

Tilted Field?

Foes fear labor’s lien proposal will topple businesses

Business groups battle labor-backed proposal allowing liens against companies accused in wage cases.

Golf Course Withdraws Application for 166-Foot Fence

The Los Angeles Country Club has withdrawn its application for a 166-foot fence to keep errant golf balls from straying onto a proposed development next door.

Chinese Developer Buys Robinsons-May Site

China’s largest commercial developer has purchased the former Robinsons-May site in Beverly Hills, one of the most prominent retail locations in the Los Angeles area.

Tilted Field?

Local business owners and statewide business organizations are stepping up opposition to a state bill that would allow workers to file liens against their employers over claims of unpaid wages.

Los Angeles Gets a D for Small Biz Friendliness

Los Angeles once again received a grade of D for its overall friendliness to small business, according to a report to be released Tuesday.

Ad Auction Operator Bids for Investors’ Attention

ADVERTISING: Shares of Rubicon Project surge on strong second quarter.

Online ad network Rubicon Project crosses into “buy” territory on strength of quarterly revenue.

Tease photo

Made in Shade

New state building code opens window to tinting

Changes to the state building code have brightened the prospects for window-film companies.

Edison Signs Contracts for Renewable Power

Southern California Edison has signed contracts with solar and geothermal energy producers representing more than 1,500 megawatts of power.

AllenCo Fined $99,000 in Environmental Case

The U.S. Environmental Protection Agency said Wednesday that AllenCo Energy has agreed to pay a $99,000 penalty for violating federal environmental laws at an oil field near USC.

L.A. City Attorney Cracks Down on Tobacco Retailers

Los Angeles City Attorney Mike Feuer on Tuesday issued suspensions against 14 retailers for allegedly selling tobacco products to minors and announced other steps to crack down on retailers.

L.A. Improves Public Standing

INVESTMENT: Deals, IPOs help add 13 traded firms to list.

Deals and IPOs help the L.A. area stock up on more publicly traded companies.

L.A. Improves Public Standing

After several slow years, deals and initial public offerings have roared back, shaking up the Business Journal’s annual list of publicly traded companies in Los Angeles.

Breitburn Energy Hits Gusher in $2 Billion Deal

Los Angeles oil company Breitburn Energy Partners announced Thursday that it has agreed to buy QR Energy of Houston for nearly $2 billion in cash and stock.

Alarcon and Wife Convicted

Former Los Angeles City Council Richard Alarcon and his wife were convicted Wednesday of voter fraud and perjury in a case involving allegations they lied about their residence in order for him to qualify to run for office.

Herbalife Shares Rise After Ackman Attack

Herbalife shares rallied Tuesday after a hedge fund manager’s presentation failed to deliver convincing evidence to back up his allegations that the Los Angeles multilevel marketing nutritional supplements company is a fraudulent scheme.

Stable Stock Turns Utility Into Player

water: Rash of new deals also buoys American States’ shares.

Stability of utility stocks and the expectation of new business have buoyed American States.

Los Angeles County Unemployment Rate Falls

Los Angeles County’s unemployment rate fell to 8.1 percent in June as employers added a net 4,800 jobs, according to figures released Friday.

OK, Soccer Break’s Over...

Most bank executives wouldn’t brag about how many of their employees were watching sports during the workday. Then there’s Alan Rothenberg.

Tease photo

Brewin’ R&D

New rules let UCLA put money into startups

UCLA may graduate to startup investing now that University of California has axed its funding ban.

SpaceX Advances on Right to Bid for Military Launches

Private rocket company SpaceX of Hawthorne has moved a giant step closer towards its goal of launching rockets for the U.S. military.

Scripps Ends Talks With USC

Talks have broken off regarding an acquisition of Scripps Research Institute of La Jolla by USC or a merger or partnership between the two.

Wall Street Dials In to TV-Radio Station Owner

MEDIA: Entravision shares lifted in part by Mexico’s World Cup performance.

Entravision’s shares rise on a triple play of World Cup ratings, ad firm acquisition and a Supreme Court ruling.

Tease photo

High-End Lockup

STORAGE: William Warren Group thinks outside box with pricey pickup service and bellhops to move items.

William Warren Group looks to box out rivals by offering high-end services to pick up and carry items.

Council to Consider Criminalizing Wage Theft

Two Los Angeles city councilmen on Tuesday called for a crackdown on employers who do not pay their workers the proper amount of wages.

Violinist Not Ready to Bow Out

Shortly after Andrew Silber opened his Whale & Ale pub in San Pedro, he hired a retired violinist to provide entertainment every Friday night.

Wine Festival Toasts DIY Approach

Garagiste event looks to open doors for boutique vintners.

Festival at Union Station will raise a glass to ‘garagiste’ vintners.

Tease photo

Home Prices Cross Threshold

HOUSING: Median surpasses $500,000 for first time since ’07.

L.A.’s median home price has passed $500,000 for the first time since 2007, but there’s little bubble worry.

L.A. Unemployment Rate Falls

L.A. County’s unemployment rate dipped to 8.2 percent in May as 15,000 more residents found jobs during the month, according to state figures released Friday.

Tease photo

Home Prices Cross Threshold

The return of the bubble? Thanks to the economic recovery, the Westside tech boom, the end of the foreclosure wave and the return of cash-rich investors, L.A. has hit a milestone: The median home price has topped $500,000 for the first time in seven years.

Word of Timely Testing Spurs Interest in Xencor

BIOTECH: Monrovia firm’s trials of its asthma drug breathe life into stock.

Investors breathe new life into the stock of drug maker Xencor as its asthma drug enters clinical trials.

Prev