Edison Gets One OK for Transmission From Solar Plant Southern California Edison has received approval from the California Public Utilities Commission for a transmission line that will deliver more solar-powered electricity to Southern California. Jobless Rate Rises Again L.A. County’s unemployment rate jumped in October to another record high of 12.8 percent as the county’s manufacturing, construction and hospitality sector took a hit. Hanmi to Sell Stock Under pressure from regulators to raise capital, Hanmi Financial Corp. filed a shelf registration to raise up to $200 million. Shareholders Approve Hi-Shear Merger Aerospace company Hi-Shear Technology Corp. said that its shareholders had approved its acquisition by a British company in a deal valued at $132 million. Northrop Wins Air Force, National Guard Contracts Northrop Grumman Corp. said it won a $303 million contract to build five unmanned aircraft systems for the U.S. Air Force. The Los Angeles defense contractor also was awarded a $50 million U.S. National Guard training contract. Podcast: Highlights from the L.A. Business Journal Easy access to the Los Angeles Business Journal podcast is available from a link at the upper right corner of the home page. Click the standing link there, or here, to hear Editor Charles Crumpley provide highlights from the Nov. 23 edition. More Latest Local News...
Report: Downtown Targeting Target Though no deal has been signed, there are advanced talks to bring the retailer Target to 7+Fig, which lost its Macy's earlier this year.
Burkle Acquires Large Stake in Barneys Debt Ronald Burkle has become a significant investor in Barneys New York in recent months, with his Yucaipa Cos. buying a chunk of the struggling luxury retailer's debt, according to a news report.
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