Stories by Shwanika
Cash infusion precedes possible equity deal for beleaguered firm
The Weinstein Co. is in talks to sell part or all of its assets to Colony Capital and said Colony had agreed to make an immediate cash infusion in the production company.
A wave of consolidation washes over the top shipping lines at the ports of Los Angeles, Long Beach.
ECONOMY: Foreign offices often guide investment here
A look at what foreign countries’ trade promotions organizations do in L.A.
New prime minister’s initiative aims to boost trade, draw investment
The inaugural IrelandWeek is set to kick off this week in Los Angeles as part of the island nation’s new prime minister’s Creative Ireland Programme, a five-year plan that began this year to bolster trade efforts.
The Port of Long Beach recorded its best September yet in cargo container movement, while the neighboring Port of Los Angeles saw a slight uptick last month, officials announced this week. Part of the reason for Long Beach’s 28.3 percent rise in container volume year-to-year was its recovery from South Korea-based Hanjin Shipping Co.’s bankruptcy filing in August 2016, said port spokesman Lee Peterson.
Pharmaceutical firm raises cash for drug trials; business accelerator gets federal contract; Cherin Group gambles on sports companies.
Pop-up shop, logo aim to give marketing lift to local brands, merchandise
The city’s new efforts to market local products include the LA Original pop-up shop and a new logo.
Longtime local drayage firm California Cartage has been sold, ending its 73-year presence at the L.A. and Long Beach ports.
Opportunity Fund, a nonprofit lender for small businesses, has expanded its pilot Community Partner Program from the Los Angeles region to include San Diego, the Central Valley and Northern California.
Larta Institute, an accelerator for small businesses in the health care, agriculture and energy sectors, announced this week that its Larta Inc. subsidiary had been granted an exclusive Department of Energy contract to aid small businesses across the country.
California Cartage Co., the largest drayage firm at the ports of Los Angeles and Long Beach, has been acquired by NFI Industries Inc., the companies announced this week.
The International Longshore and Warehouse Union, Local 63, ended a two-day job action at the APL Terminal at the Port of Los Angeles on Saturday.
MANUFACTURING: Ortho sues California, out-of-state competitor over levy.
Ortho Mattress sues a California agency and an out-of-state rival over online sales taxes.
MANUFACTURING: Jakks, Mattel face Toys R Us flak.
Toys R Us’ bankruptcy filing changes the game for two local toymakers.
Local firms will host facility tours while educators, L.A. Mayor’s Office hold events.
Los Angeles plans to do its part in marking National Manufacturing Day on Friday – and what else to expect from the largest center of manufacturing in the country.
Santa Monica-based Jakks Pacific Inc. has secured a multiyear licensing deal with Walt Disney Co. to manufacture toys for “The Incredibles” animated movies franchise, the company announced Wednesday.
Urb-E rolls out foldable electric scooter to cover ‘micro mile’ trips.
Urb-E hopes to help Angelenos cover more ground with its foldable electric scooters.
Pelican Products boxes up new business with acquisitions.
Case maker Pelican Products has locked up acquisitions to feed its growth drive.
About 15 shop owners at San Pedro’s Ports O’ Call Village have filed a claim with the L.A. city clerk against the Port of Los Angeles over their pending eviction to make way for a new waterfront attraction, they announced Tuesday.
Fourteen garment manufacturers in Los Angeles were cited for labor law and garment registration violations, the California Labor Commissioner’s office announced on Thursday.
August buoyed the Port of Los Angeles with a near-record level of container volume.
Costco steps into the driver classification fight at the ports, ending its relationship with a trucking firm.
Container volumes surged in August to near-record levels at the Port of Los Angeles, according to data released Wednesday.
The Port of L.A.’s Board of Harbor Commissioners has approved a 10-year extension on a labor agreement that seeks to continue hiring workers from the harbor area and from high-unemployment communities in the city.
Protein bar maker Quest Nutrition to shutter two facilities and lay off 524 workers.
MANUFACTURING: Sector proves fertile in L.A. County.
Despite the sector’s struggles, deals are being put together for small companies.
Protein bars maker Quest Nutrition has filed a WARN notice signaling it plans to close two L.A. manufacturing facilities and lay off 524 employees.
Hawthorne-based OSI Systems Inc. announced Wednesday that its security division was awarded a $21 million order from U.S. Customs and Border Protection as part of an ongoing inspection technology contract.
METALS: A-Mark looks to diversify with Goldline deal.
A-Mark looks to mine new customers and markets with its acquisition of Goldline.
Alex Kazerani, who coped with the Iran-Iraq War as a boy in the 1980s, would later find success in L.A.'s tech scene, launching and selling three companies
The first time he heard a bomb drop, Alex Kazerani was 10 years old. The second one he heard shook the windows of his house. At the time, he couldn’t have imagined his life more than three decades later as a successful tech entrepreneur in Los Angeles. Kazerani, 44, would go on to co-found and sell three L.A. technology companies, most recently selling his EdgeCast Networks to Verizon Communications Inc. in 2013 for $400 million. At the time of its acquisition, the content delivery platform had 300 employees and $90 million in annual revenue.
Santa Monica-based Taste of Nature Inc. announced a new licensing partnership with Famous Brands International, the parent company of Mrs. Fields cookies.
The Port of Long Beach reduced its air pollution levels in 2016 by a record amount as it moves toward a goal of zero emissions, according to a study released this week.
MANUFACTURING: Kids at center of Mattel push.
Mattel looks to deal for Chinese educational centers as a means to boost child’s play.
SHIPPING: Program aims to consolidate cargo data online.
Port of Los Angeles moves to extend and expand a program to centralize cargo data online.
Vernon-based electric vehicle battery pack maker Romeo Power has closed a $30 million seed financing round, the company said Thursday.
The Port of Los Angeles and GE Transportation have agreed to extend a digital data pilot program across all of the port’s terminals designed to improve cargo movement by streamlining information access.
New electric-vehicle maker Chanje looks to hit the roads with a focus on last-mile goods delivery.
The ports of Los Angeles and Long Beach, which together make up the nation’s largest port complex, set new records in cargo movement last month.
FOOD: Catalina Sea Ranch takes crack at shellfish sales.
Catalina Sea Ranch looks to plumb the depths of consumer demand for shellfish.
Santa Monica-based toymaker Jakks Pacific Inc. announced that it had extended its licensing agreement with Century City-based Saban Brands, owner of the Power Rangers franchise.
Torrance-based electric car maker Faraday Future has inked a deal on a 1 million-square-foot manufacturing facility in the Central Valley, the company announced Monday.
West Coast longshore workers at 29 ports along California, Oregon and Washington officially ratified a three-year contract extension with the Pacific Maritime Association on Friday.
Michael Eisner’s Tornante nets ownership of English soccer club Portsmouth FC.
Motorcar Parts of America steers toward the electric-vehicle market with recent acquisition.
Impak adds Gramatech’s sealing equipment in strategy to expand services to more industries.
Packaging company Impak boxes up sealing equipment maker Gramatech.
Michael Eisner’s Tornante Co. has purchased English soccer club Portsmouth FC, the company announced Thursday.
Downtown-based BYD Motors has nabbed a $66 million contract with the Los Angeles Metropolitan Transportation Authority to build 60 new electric buses for the agency’s bus fleet.
Ports’ clean air plan and companies’ independent-contractor model drive up costs for truckers.