Los Angeles Business Journal

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Piling It On

OhCal Foods rides acquisition to No. 1 in Subway franchising

Acquisition delivers the Subway franchise crown to OhCal Foods – and potentially a lot more bread.

Business Groups Rack Up Victories at Ballot Box

POLITICS: L.A. Chamber’s endorsements for measures, candidates go 13-2.

Local business groups fared pretty well by backing the winners in last week’s municipal elections.

Local Unemployment Rate Drops, More Jobs in County

Los Angeles County’s jobless rate dipped below 8 percent in January for the first time in nearly six years, according to state figures released Friday.

Garcetti Names Film Liaison; Announces Steps to Expedite Filming

Los Angeles Mayor Eric Garcetti on Wednesday named Kevin James as film liaison and announced several steps to expedite filming permits within the city.

Immigrant Entrepreneurs: Andrew Stalbow

Foreign-born business owners talk about how they sowed success by putting down roots in Los Angeles.

Investors Line Up for Firm’s Online Ad Exchange

INTERNET: Strong quarter maintains winning streak for Rubicon Project.

Online ad exchange operator Rubicon Project clicks with Wall Street after strong quarter.

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Business Group Walks on Wage

POLITICS: Organization bucks peers’ unity against pay hike.

Los Angeles Business Council works against other business groups with its support of a minimum-wage hike.

State Plastic Bag Ban Put on Hold as Ballot Referendum Qualifies

Plastic bag manufacturers and other opponents of a statewide ban on plastic bags have qualified a referendum for the November 2016 ballot, thereby putting the ban on hold, the California Secretary of State’s office said Tuesday.

Hoteliers See More Room for Incentives to Build

DEVELOPMENT: Business leaders say L.A.’s moves won’t bring projects to city.

Hotel execs welcome city of L.A.’s incentives but say they won’t inspire new projects to check in.

Business Groups Provide Election Endorsements

POLITICS: Jose Huizar earns consensus support for Los Angeles City Council.

Believe it or not, next Tuesday, March 3, is Election Day in Los Angeles and 28 other cities around Los Angeles County.

Hearing Execs Speak Volumes on Trip

Steven Sawalich, senior director of global media and philanthropy at Starkey Hearing Foundation in Playa Vista, has traveled to 75 countries during his time at the non-profit, which delivers hearing aids to people in need.

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Tight Market

Small-lot homes boom despite boos from neighbors

Small-lot homes have taken off in a big way, aided by cost savings versus condos and townhomes.

L.A. Economy to Grow, See Record Employment Level this Year

The good times should continue to roll for the local economy.

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New Chamber Chair Not Worked Up About Labor

Politics: William Caswell talks minimum-wage hikes, pace of business reform.

Kaiser Permanente’s William Caswell talks how he will nurse business goals as chairman of the Los Angeles Area Chamber of Commerce.

Garcetti Signs Law Reducing Top Business Tax Rates

Delivering some relief to local businesses, Los Angeles Mayor Eric Garcetti on Wednesday signed into law a reduction in the top rates businesses pay in gross-receipts taxes to the city.

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L.A. Scrambles to Defend Air Base

POLITICS: Lawmakers, business leaders fear facility in cross hairs.

Elected officials and business leaders link arms to guard Los Angeles Air Force Base from closure.

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DWP Powers Up Solar Company

ENERGY: PermaCity’s business heats up with multibuilding deal.

Solar panel installer PermaCity raises the roof with multibuilding Department of Water & Power contract.

Air Board Upholds Approval of Carson Refinery Upgrade

Local air regulators on Friday upheld their approval of a major refinery upgrade in Carson, despite vociferous community and environmental opposition.

San Gabriel Valley Partnership Launches Marketing Website

The San Gabriel Valley Economic Partnership announced Monday the launch of a new regional economic development website aimed at companies considering relocating or expanding in the San Gabriel Valley.

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Tax on Services May Take Toll

Politics: Homebuyers face new costs under state proposal.

State lawmaker’s plan to extend the sales tax to services could particularly squeeze first-time homebuyers.

Downtown Businesses Fined for Selling Tainted Jewelry

State regulators announced Thursday they have levied more than $200,000 in penalties against four downtown retailers for selling jewelry tainted with lead and other toxic metals.

State Cites Vernon Exide Plant for Waste Violations

State regulators on Wednesday issued eight violations of state hazardous waste laws against Exide Technologies’ battery recycling plant in Vernon.

Injunction Seeks to Block L.A. From Implementing Hotel Wage Law

Two trade groups representing large hotels in Los Angeles announced they have filed for a preliminary injunction to block the city from implementing its hotel wage hike until their lawsuit against the city is resolved.

California Resources Drops Massive Carson Oil Drilling Plan

California Resources Corp. announced Monday that it has dropped plans for a major drilling project in Carson because of low oil prices.

Chilly Reception for Packers Fan

Donald Bizub is such an avid Green Bay Packers football fan that he purposefully seeks out advisory clients in cities where the Packers will be playing in a given season.

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Whole New Drill

ENERGY: Drop in oil prices has left some oil-related businesses in hole.

Steep drop in prices is not going well for oil-related businesses.

Businesses See New Notices as Hazardous to Health

CHEMICALS: Coalition says proposed changes to state rules will spur lawsuits.

State regulators have proposed new rules for posting toxic chemical warning notices in workplaces and other public places, stirring opposition from a coalition of chemical industry and business groups that contend the rules will spur a new round of frivolous lawsuits.

L.A. Unemployment Rate Dips Below 8 Percent for First Time in Six Years

L.A. County’s unemployment rate fell to 7.9 percent in December, the first time it was below 8 percent since mid-2008, state figures released Friday show.

Stilled Drilling Rigs Don’t Work for Oil Investors

energy: Shares tumble after California Resources plans production cutbacks.

Report of idled derricks doesn’t sit well with investors in California Resources Corp.

Model Guest Plans Stay at Ocean Liner

Queen Mary to host toymaker’s miniature take on fabled ship.

Model of the Queen Mary prepares to drop anchor at its life-size inspiration in Long Beach.

Oil Company Drops Plan to Expand Drilling in South L.A.

Oil company Freeport McMoran is dropping its controversial plan to expand its drilling operation near USC, blaming the recent oil price collapse.

BizFed Opposes L.A. Minimum Wage Hike, Berkeley Study

The Los Angeles County Business Federation, or BizFed, on Wednesday formally announced its opposition to proposals to hike the minimum wage in the city of Los Angeles to at least $13.25 an hour.

Mercury Insurance Hit With $27.5 Million Fine Over Broker Fees

State Insurance Commissioner David Jones on Monday ordered Mercury Insurance to pay a $27.5 million fine for charging policyholders unauthorized broker fees.

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Positive Signs For Billboards

ADVERTISing: City of L.A. may flatout forgive scofflaws.

ADVERTISING: City of Los Angeles appears ready to sign off on giving a pass to rule-breaking billboards.

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Breitburn Halves Distributions to Shareholders Amid Oil Price Collapse

Rocked by the oil price crash and its own plummeting stock price, Breitburn Energy Partners has sliced its distributions to shareholders by just over 50 percent.

Developers Fight Malibu Measure with Federal Lawsuit

Two property developers on Monday filed a federal lawsuit against the city of Malibu to block a ballot measure voters approved in November to limit chain stores and large commercial projects.

Buyout Talk Gives Shot in Arm to Drug Developer

BIOTECH: Arrowhead’s RNA treatment reportedly draws Gilead’s attention.

Arrowhead Research moves into investors’ bull’s-eye on talk of an acquisition by a larger competitor.

Star a Deal at Any Price

Filming the new low-budget movie “The Humbling” turned out to be a humbling experience for movie superstar Al Pacino.

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Hotels Say Wage Law Works in Favor of Labor

HOSPITALITY: Groups claim union exemption undercuts bargaining by businesses.

Hotel owners say a city of L.A. wage ordinance makes too much room for union organizing.

Biomed Project Gets New Life

DEVELOPMENT: Supervisor switch may power up park plan.

New Eastside county supervisor may provide a shot in the arm for biomedical park project.

L.A. Unemployment Rate Holds Steady Despite Job Gains

The California Employment Development Department reported that Los Angeles County’s unemployment rate remained stuck at 8 percent last month as the number of residents reporting they were working barely budged.

L.A. Chamber Endorses Councilman Huizar’s Re-election Bid

The Los Angeles Area Chamber of Commerce has endorsed L.A. City Councilman Jose Huizar’s re-election bid against challenger Gloria Molina, Huizar’s campaign announced Thursday.

Hotel Industry Sues L.A. over Minimum Wage Law

Hotel industry groups on Tuesday sued the city of Los Angeles in federal court over the city’s enactment of a minimum wage ordinance requiring large non-union hotels to pay their workers $15.37 an hour.

Small Business Seeks Bigger Piece of County’s Pie

CONTRACTING: Sector gets less than 1 percent of deals; 25 percent sought.

It’s an embarrassing statistic: In the small-business capital of the nation, less than one half of 1 percent of all Los Angeles County contracts and purchase orders go to small businesses.

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Oil Firm’s Stock Trapped in Hole

ENERGY: Price hedge can’t buoy BreitBurn in sinking sector.

Price hedge fails to power up shares of oil and gas company BreitBurn.

L.A. Hiring to Stay Steady in First Quarter

Local employers plan to hire at a solid, steady pace during the first quarter of next year, according to a survey released Tuesday from Manpower Inc.

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Will NFL Team Link to Carson?

SPORTS: County golf course joins potential stadium sites.

Carson park and golf course could join field of stadium candidates looking to score a pro football team.

Oxy’s Spinoff Opens Wobbly

ENERGY: California Resources’ stock value in tough state early.

Oil and natural gas producer California Resources Corp. quickly loses ground in its first days of trading.

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Legal Tide Rises Against Utility

WATER: Golden State heading to court to fend off sales to cities.

Golden State prepares to dive into litigation to fight cities’ attempted takeovers of its systems.

Businesses May Take Crack at Streets, Sidewalks

Regulation & Policy: Property owners weigh creation of districts to pay for repair work.

Taxing yourself more for things that your city ought to be doing already might seem ludicrous at first glance, but when it comes to fixing streets and sidewalks, some major commercial and retail property owners in Los Angeles seem open to the idea.

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