Los Angeles Business Journal

L.A. Unemployment Rate Holds Steady Despite Jump in Employer Payrolls

L.A.’s unemployment rate held steady last month at 8 percent, even as local employers added 35,000 jobs to their payrolls, mostly in education, according to state figures released Friday.

City to Speed Up Building Construction Inspections

Acting on a promise to cut bureaucratic red tape at City Hall, Los Angeles Mayor Eric Garcetti on Thursday announced a measure to speed up building inspections for major projects and restaurants in the city.

Oxy Spinoff’s Shares Dropping

Thanks to falling oil prices, shares of Occidental Petroleum Corp.’s forthcoming California spinoff are trading off-exchange well below analysts’ earlier expectations.

Tease photo

Tale of Two Cities on Wage Hike

LABOR: L.A.’s increase could cost employers in Culver City.

Culver City businesses fear they will have to pay to keep up with L.A.’s proposed minimum-wage increase.

Glendale, Glendora Win Biz-Friendly Cities Honors

The “Glens” have it. Glendale was named the most business-friendly large city in the county Thursday night by the Los Angeles County Economic Development Corp., while Glendora took the honors for the most business-friendly small city.

Updated: City Files Suit Against Contractors Alleging Wage Theft

Los Angeles City Attorney Mike Feuer on Thursday announced the city has filed a lawsuit against the main contractor and several subcontractors on a city animal shelter construction project, alleging the companies failed to pay their workers at least $250,000 in promised wages.

Malibu Voters Put Lock On Retail Chains’ Space

DEVELOPMENT: Pair of projects to move forward despite approved limits.

Development projects in Malibu – already difficult to shepherd through – have just gotten tougher thanks to last week’s passage of Measure R.

Tease photo

State’s Biggest Refinery in Pipeline

ENERGY: Greens see red as Tesoro looks to link oil facilities.

Tesoro looks to pump up its oil operations by merging two SoCal facilities into the state’s largest refinery. But environmentalists object.

Oil-Field Acquisition Fails to Pump Up Investors

ENERGY: Breitburn shares dip but quickly recover amid general sector struggles.

Breitburn quickly climbs out of hole after announcement of oil-field deal sends shares falling.

Council Asks for Minimum Wage Study

A Los Angeles City Council committee on Tuesday called for an independent study of two proposals to raise the minimum wage, delaying consideration of a wage hike until at least early next year.

Tease photo

Minimum Wage Maximum Headache

Restaurateur: 35% price hike may be needed.

Restaurateur George Abou-Daoud fears a minimum-wage hike would add too many extra costs to his plate.

Tease photo

Brewery Looks to Tap Longer-Term Use Permit

BEER: Eagle Rock hopes to bottle up costs by extending license beyond five years.

Eagle Rock Brewery hopes to draft better terms for conditional use permit.

Profit Drops for Local Oxy Unit Amid Rising Production Costs

Thanks to rising production costs and softening oil prices, profits fell during the third quarter at California Resources Corp., the oil producer that is to be spun off from Occidental Petroleum Corp. next month.

Tease photo

New Life

Bioscience incubator homes in on CSULA

BIOSCIENCE: Cal State Los Angeles has made the grade as the new home for an ambitious incubator project.

L.A. Unemployment Dips to 8 Percent

L.A.’s unemployment rate dipped to 8 percent last month as the county gained 28,000 jobs, mostly from teachers returning to schools after summer vacation, according to state figures released Friday.

Taking $64,000 Shot for Charity

At $64,000, it’s the most expensive shot of whiskey in the world.

Tease photo

Vote on Drilling Might Cost City

Oil: Hermosa Beach could hit gusher – or pay big breakup bill.

Oil: Rejection of drilling project could leave Hermosa Beach facing a big financial hole.

Council Votes to Extend Lower Tax Rate for Internet Businesses

The Los Angeles City Council on Wednesday voted to extend the major reduction in business tax rates for Internet companies for four more years.

Forecast: LA County to Hit New Employment Peak in 2015

After eight years, Los Angeles County should finally hit a new employment peak next year, according to a forecast to be released this morning from the Los Angeles County Economic Development Corp.

Council Proposal Could Push L.A. Minimum Wage Above $15

Four Los Angeles city councilmembers on Tuesday introduced a motion to raise the city’s minimum wage to $13.25 by 2017, a hike proposed by Mayor Eric Garcetti.

Tease photo

Shopping Center Renovates to Sell Locals on Appeal

Hospitality: Hollywood & Highland homes in on attractions to add locals to its throngs of tourists.

Shopping Center Renovates to Sell Locals on Appeal

The Hollywood & Highland shopping and entertainment complex is a popular stop for tourists, but ever since opening in 2001 it has struggled to attract locals.

Hotels to Fight L.A. Minimum Wage Ordinance

The hotel industry is making good on its promise to fight the new Los Angeles minimum wage ordinance for workers at large hotels.

Metro Connector Breaks Ground, Legal Challenges Loom

U.S. Transportation Secretary Anthony Foxx and Los Angeles Mayor Eric Garcetti presided over a groundbreaking Tuesday for the $1.4 billion downtown Regional Connector, a project still facing legal challenges from downtown L.A. property owners.

L.A. Economy Lags, Shows Spotty Growth

The economic recovery in Los Angeles has been uneven and lags behind the rest of the state and nation, according to a report to be released this morning by Beacon Economics and the Los Angeles Area Chamber of Commerce.

Governor Brown Signs Grease Theft Bill

Gov. Jerry Brown has signed a bill to crack down on theft of used kitchen grease.

Lawyer Joins L.A.’s Farm Team

His life might not exactly mirror “Green Acres,” but L.A. native Jerrold “Jerry” Bregman could feel as if he’s starring in a reprise of the old TV show.

Tease photo

Tax Relief

Execs outside L.A. can live with business levies

Businesses in neighboring cities offer positive assessments of alternatives to the city of L.A.’s gross receipts levy.

Council Passes Hotel Wage Hike

Over strenuous objections from business groups, the Los Angeles City Council on Wednesday voted to hike the minimum wage for workers at large nonunion hotels to $15.37 an hour.

Hotel Owners, Business Groups Threaten Suit if Council Passes Wage Mandate

Hotel owners and local business groups heave threatened to sue the city of Los Angeles if the City Council tomorrow approves a proposed hotel minimum wage mandate.

Videos Cast Propositions As Stars

SeePolitical animates ballot measures to educate voters.

SeePolitical elects to educate voters about ballot issues with animated videos on state propositions.

Tease photo

Has Oxy Spinoff Settled on Site?

Energy: Long Beach hopes to hold on to business long term.

Long Beach works to pump up its chances of landing the HQ of the offshoot of oil giant Oxy.

Has Oxy Spinoff Settled on Site?

California Resources Corp., the new and homeless spinoff from Occidental Petroleum Corp., is beefing up its presence in Long Beach, a move city officials hope will lead to the oil producer siting its headquarters there.

L.A. Unemployment Stays at 8.1 Percent

L.A.’s unemployment rate held steady at 8.1 percent for August even as the county gained nearly 18,000 jobs as some schools reopened after summer vacation, according to state figures released Friday.

Gov. Signs Film Tax Credit Bill

Gov. Jerry Brown on Thursday signed a bill to more than triple funding for California's film and TV tax-credit program.

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.

Prev