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Shwanika Narayan

Stories by Shwanika

Barrack’s Colony Capital in Talks to Buy Weinstein Co.

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.

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Sharp Split at Ports Amid Consolidation

A wave of consolidation washes over the top shipping lines at the ports of Los Angeles, Long Beach.

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No Local Pullback on Trade

ECONOMY: Foreign offices often guide investment here

A look at what foreign countries’ trade promotions organizations do in L.A.

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Ireland Seeks Green With L.A. Showcase

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.

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Container Volumes Rise at Ports of Long Beach, Los Angeles

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.

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IN BRIEF | October 9, 2017

Pharmaceutical firm raises cash for drug trials; business accelerator gets federal contract; Cherin Group gambles on sports companies.

L.A.-Made Gets Moment in Sun

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.

Cal Cartage Carried Away

Longtime local drayage firm California Cartage has been sold, ending its 73-year presence at the L.A. and Long Beach ports.

Opportunity Funds Expands Lending Program Statewide

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 Lands Energy Department Contract to Aid Small Businesses

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. Acquired by NFI Industries

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.

Port of Los Angeles Terminal Re-Opens After Picketing

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.

Mattress Company Firm in Online Tax Dispute

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.

Retailer’s Bankruptcy in Play

MANUFACTURING: Jakks, Mattel face Toys R Us flak.

Toys R Us’ bankruptcy filing changes the game for two local toymakers.

Manufacturers Put Together Day of Promotion

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.

Toymaker Suits UP with ‘Incredibles’

Toymaker grabs Disney deal.

Jakks Pacific Scores ‘Incredibles’ Licensing Deal with Disney

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.

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On the Go in L.A.: Urb-E

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.

Cases for Growth

Pelican Products boxes up new business with acquisitions.

Case maker Pelican Products has locked up acquisitions to feed its growth drive.

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San Pedro Ports O’ Call Shop Owners Protest Evictions

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.

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Apparel Manufacturers Fined for Labor Violations

Fourteen garment manufacturers in Los Angeles were cited for labor law and garment registration violations, the California Labor Commissioner’s office announced on Thursday.

Port Rises on Big Month

August buoyed the Port of Los Angeles with a near-record level of container volume.

Port Truck Battle Drives Off Costco

Costco steps into the driver classification fight at the ports, ending its relationship with a trucking firm.

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Cargo Volumes Rise at Ports of Los Angeles and Long Beach

Container volumes surged in August to near-record levels at the Port of Los Angeles, according to data released Wednesday.

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Port of Los Angeles Extends Local Hiring Agreement

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.

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Protein Bar Maker to Close Two Facilities, Cut 524 Jobs

Protein bar maker Quest Nutrition to shutter two facilities and lay off 524 workers.

Small Manufacturers Draw Large Interest

MANUFACTURING: Sector proves fertile in L.A. County.

Despite the sector’s struggles, deals are being put together for small companies.

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Quest Nutrition to Close L.A. Manufacturing Sites, Lay Off 524 Workers

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.

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OSI Systems Gets $21 Million Order from U.S. Customs and Border Protection

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.

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Wholesaler Sold On Retail Gold

METALS: A-Mark looks to diversify with Goldline deal.

A-Mark looks to mine new customers and markets with its acquisition of Goldline.

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Leaving Old World Behind

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.

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Taste of Nature Announces Licensing Deal with Mrs. Fields Cookies

Santa Monica-based Taste of Nature Inc. announced a new licensing partnership with Famous Brands International, the parent company of Mrs. Fields cookies.

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Port of Long Beach Sets Emissions Reduction Record

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.

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Toymaker Puts China in Play

MANUFACTURING: Kids at center of Mattel push.

Mattel looks to deal for Chinese educational centers as a means to boost child’s play.

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$30M Charges Up Battery Pack Maker

$30 million seed round juices up battery maker Romeo Power.

L.A. Port Rides Digital Wave

SHIPPING: Program aims to consolidate cargo data online.

Port of Los Angeles moves to extend and expand a program to centralize cargo data online.

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Battery Pack Manufacturer Romeo Power Raises $30 Million

Vernon-based electric vehicle battery pack maker Romeo Power has closed a $30 million seed financing round, the company said Thursday.

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Port of L.A. Expanding Cargo Data Pilot Program to All Terminals

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.

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Last Mile First Up For Latest EV Entry

New electric-vehicle maker Chanje looks to hit the roads with a focus on last-mile goods delivery.

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Cargo Volumes Hit Records at Long Beach, Los Angeles Ports

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.

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Aquatic Farm Flexes Mussels Offshore

FOOD: Catalina Sea Ranch takes crack at shellfish sales.

Catalina Sea Ranch looks to plumb the depths of consumer demand for shellfish.

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Jakks Pacific Renews Licensing Deal for Power Rangers Costumes

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.

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Faraday Future Signs Lease on Central Valley Manufacturing Facility

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.

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West Coast Dockworkers Extend Contract Until 2022

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.

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Eisner Takes Shot At Pro Soccer

Michael Eisner’s Tornante nets ownership of English soccer club Portsmouth FC.

Auto Parts Maker Deals for EV Edge

Motorcar Parts of America steers toward the electric-vehicle market with recent acquisition.

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Packaging Company Boxes Up Distributor

Impak adds Gramatech’s sealing equipment in strategy to expand services to more industries.

Packaging company Impak boxes up sealing equipment maker Gramatech.

Tornante Co. to Purchase English Football Club Portsmouth FC

Michael Eisner’s Tornante Co. has purchased English soccer club Portsmouth FC, the company announced Thursday.

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Electric Bus Maker Gets $66 Million MTA Contract

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.

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Pier Pressure

Ports’ clean air plan and companies’ independent-contractor model drive up costs for truckers.

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