California Resources Corp. announced Monday that it has dropped plans for a major drilling project in Carson because of low oil prices.
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.
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.
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. 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.
energy: Shares tumble after California Resources plans production cutbacks.
Report of idled derricks doesn’t sit well with investors in California Resources Corp.
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 Freeport McMoran is dropping its controversial plan to expand its drilling operation near USC, blaming the recent oil price collapse.
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.
State Insurance Commissioner David Jones on Monday ordered Mercury Insurance to pay a $27.5 million fine for charging policyholders unauthorized broker fees.
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.
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.
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.
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.
Filming the new low-budget movie “The Humbling” turned out to be a humbling experience for movie superstar Al Pacino.
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.
DEVELOPMENT: Supervisor switch may power up park plan.
New Eastside county supervisor may provide a shot in the arm for biomedical park project.
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.
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 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.
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.
ENERGY: Price hedge can’t buoy BreitBurn in sinking sector.
Price hedge fails to power up shares of oil and gas company BreitBurn.
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.
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.
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.
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.
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.
City of L.A. looks to put brakes on parking-tax cheats
Parking: Some lot operators see no space for proposed city of L.A. revenue-tracking measures.
Alhambra “Dadpreneur” Ray Phillips was merely looking for a way to make baths more fun for children.
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.
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.
Thanks to falling oil prices, shares of Occidental Petroleum Corp.’s forthcoming California spinoff are trading off-exchange well below analysts’ earlier expectations.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.’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.
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.
At $64,000, it’s the most expensive shot of whiskey in the world.
The Los Angeles City Council on Wednesday voted to extend the major reduction in business tax rates for Internet companies for four more years.
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.
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.
Hospitality: Hollywood & Highland homes in on attractions to add locals to its throngs of tourists.