Days before contracts between union workers and commercial building janitorial contractors are set to expire, union leaders have been ramping up the pressure in advance of last-minute negotiations.
Century City private equity and debt giant Ares Management announced Monday it had raised $7.85 billion for its fifth global flexible capital private equity fund, Ares Corporate Opportunities Fund V.
ENERGY: Breitburn could lose even more ground with readjusted borrowing base.
Mayday! Mayday? May 1 looms large for executives at troubled L.A. oil firm Breitburn Energy Partners.
POLITICS: Ads running for measure despite refocus on next March’s ballot.
Los Angeles Times subscribers might have noticed little sticky Post-It-size ads on their papers the past couple of weeks, with provocative messages: One had Los Angeles City Hall with a “for sale” sign stamped over it; another with the line “Developer Greed is Choking LA.”
L.A. residents are less optimistic about the Los Angeles economy this year than last year as the county’s job growth rate is expected to slow for the remainder of this year and next, according to a survey and forecast to be released this morning.
The Los Angeles City Council on Tuesday voted overwhelmingly to proceed with crafting an ordinance requiring all employers in the city to provide six days of paid sick leave a year to their workers, three days more than mandated under state law.
LABOR: Wage hikes will raise threshhold for salaried staffers.
Wage hikes will also cost some employers by raising the exemption threshold for salaried staff.
L.A. County’s unemployment rate continued its rapid descent in March, falling to 5.4 percent, closing most of the unemployment gap with the rest of the nation.
Just as investors in Los Angeles oil partnership Breitburn Energy Partners were hoping the worst was over as oil prices have rallied, the other shoe dropped on Thursday – make that two shoes.
The city of Los Angeles is a step closer to requiring all employers to provide six days of paid sick leave to their workers, three days more than mandated under state law.
ENERGY: Edison hopes for spark from launch of advisory, water management divisions.
Edison International looks to power up its revenue by forming advisory and water usage divisions.
DEVELOPMENT: Council looking at plan to create business incentive zones.
Will the force be strong for business in Los Angeles?
Business groups come together against a state measure allowing contract workers to form unionlike groups.
Gov. Jerry Brown joined supporters from across the state today in Los Angeles to sign landmark legislation that makes California the first state in the nation to commit to raising the minimum wage to $15 an hour by 2023.
Bill Rosendahl, the gregarious and outspoken former Los Angeles City Councilman, died Wednesday morning after a four-year battle with cancer. He was 70.
The California Chamber of Commerce released its annual list of “job killer” bills on Tuesday – and the tally of 18 so far is fewer than in recent years.
Gov. Jerry Brown and state legislative leaders on Monday backed a proposal to hike the statewide minimum wage to $15 an hour by 2023.
COMPENSATION: City of L.A. mulls more paid leave as part of July wage increase.
Think L.A.’s minimum-wage hike that kicks in July 1 is all set? Think again.
EMPLOYMENT: L.A. added 45,000 jobs in February, led by health services sector.
Los Angeles County’s unemployment rate hits lowest point in eight years as health services pace job creation.
Employers in West Hollywood won a major victory early Tuesday morning as a majority of the City Council backed a smaller hike in the minimum wage to $12 an hour, rather than the $15 an hour backed by staff and enacted in the city and county of Los Angeles.
REAL ESTATE: Projects may need Santa Monica voters’ OK.
Developers fear a proposed Santa Monica initiative that would let voters size up large projects.
L.A. County’s unemployment rate fell to 5.6 in February, the lowest it’s been in more than eight years.
A controversial program to give local refineries and major manufacturers more flexibility in reducing air pollution has been ruled illegal by the U.S. Environmental Protection Agency, officials disclosed late Wednesday. The federal agency said the program fails to meet national clean air standards.
Chief financial officers at Los Angeles firms expect to step up their hiring over the next six months, compared to the six months just ending, according to a survey from Robert Half International.
Backers of an anti-development initiative in Los Angeles on Tuesday announced they have dropped plans to place the measure on the November ballot and instead will attempt to qualify it for the March 2017 city ballot.
POLITICS: Unlike squashed state plan, city would limit tax to commercial buildings.
Remember that proposal a few years back by L.A. city officials to double the transaction tax on property sales?
New California law has pot shops jockeying to roll up required city of L.A. license.
City of L.A. pot shop operators fear a new state licensing law could nip their business in the buds.
Los Angeles has been selected as the 2018 host city for the National League of Cities’ annual city summit.
A state appellate court has upheld Los Angeles’ billboard ban, reversing a lower court decision in favor of Lamar Central Outdoor, which was seeking to overturn the ban.
L.A. employers say they plan to step up hiring during the second quarter, according to a survey released Tuesday morning from Manpower Inc.
ENERGY: Ted Craver talks keeping costs in check as Edison upgrades system.
Edison International CEO Ted Craver has power points to make on the costs of running utilities.
While L.A.’s jobless rate dipped to 5.8 percent in January, employers in the county shed almost 88,000 jobs from their payrolls, marking an especially dismal start to the year, according to state figures released Friday.
Robert Kleinhenz, the well-known chief economist at the Los Angeles County Economic Development Corp., is moving on to Beacon Economics. He’ll be replaced by Christine Cooper, who was promoted from within.
POLITICS: Business groups yet to take sides on increase that will phase out in 2026.
Long Beach businesses are in a tough spot.
NONPROFIT: Thomas Sayles to focus on job creation as new L.A. chamber chair.
New L.A. chamber chair Thomas Sayles is ready to get to work on job creation as his main focus.
WATER: Cadiz’s stock rises, then falls despite good news on firm’s pipeline proposal.
Shares of Cadiz made a brief splash on Wall Street after news the aquifer operator may salvage its pipeline plan.
HEALTH CARE: Future costs unknown for facility, patients.
Hospital may end up paying more than just hacker’s ransom after cyberattack.
The local economy will see slower job growth this year and next as it reaches cruising altitude, the Los Angeles County Economic Development Corp. says in a forecast to be released this morning.
ENERGY: Breitburn, CRC dragged down further by firms’ heavy debt loads.
Local firms lose even more ground with investors as stock and oil prices continue to plunge.
POLITICS: Supporters, foes of measures face choices on use of campaign resources.
Local businesses face the prospect of being overwhelmed this fall by the sheer number of major ballot measures that would impact operation.
POLITICS: One rate may ease clash of different city wages.
Some business groups hope a statewide minimum-wage measure will pay off with a uniform rate.
Breitburn Energy Partners of Los Angeles on Monday received a warning notice of future delisting from the Nasdaq exchange should its stock price fail to rise above $1 for 10 consecutive days over the next six months.
REAL ESTATE: Businesses fear restrictions on lot size would lock out projects.
Developers are speaking out against city efforts to curb “mansionization” – the expanding size of homes in single-family residential neighborhoods.
Downtown L.A. booster Carol Schatz sees area’s strides as opportunity to step back.
Central City Association’s Carol Schatz thinks downtown will prove its mettle by boosting L.A.’s Olympic bid.
L.A. County’s unemployment rate remained unchanged at 5.9 percent in December even as local employers added 26,000 payroll jobs across a broad spectrum of industries, according to state figures released Friday. Employers added nearly 94,000 jobs in 2015, the biggest gain in many years, according to figures from the state Employment Development Department.
Chairing BizFed this year is Gilbert Ivey, former chief administrative officer of the Metropolitan Water District of Southern California. The chair-elect for next year is Mike Lewis, a consultant and senior vice president of the Construction Industry Air Quality Coalition.
REAL ESTATE: Two anti-growth measures could drive off projects.
Developers say anti-growth proposals would leave Los Angeles short on housing.
CONSTRUCTION: City’s Public Works Department renews labor-favoring deal.
Nonunion contractors are once again frozen out as the city of L.A.’s Public Works Department has renewed its project labor agreement with the Los Angeles and Orange County Building and Construction Trades Council for five years.
SMOKING: Fate of e-cigarette business up in air as federal, state regulations could drive up costs for vaping vendors.
E-cigarette business owners fear looming regulations could drive up costs and snuff out the industry.
Carol Schatz, who for 20 years has headed the powerful downtown business group Central City Association, announced Friday that she is stepping down from her post later this year.
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