Walt Disney Co., the world's largest theme-park operator, said it eliminated about 1,900 jobs from its Florida and California resorts as part of a reorganization announced in February.
Ticketmaster Entertainment Inc. said it has received demands for information from the U.S. Justice Department and other government agencies investigating the company's activities in reselling concert tickets.
Thomas Properties Group Inc. has been retained by Korean Air Lines Co. Ltd. to develop a $1 billion mixed-use project at the current site of the Wilshire Grand Hotel. The project would include the first high-rise office tower built in downtown Los Angeles
AIG subsidiary 21st Century Insurance said it had laid off about 7 percent of its workforce -- nearly 500 workers -- and that it was losing its Long Beach office and three other locations.
Northrop Grumman Corp. agreed to pay $325 million to resolve allegations it provided and billed the National Reconnaissance Office for defective military satellite parts.
The Los Angeles Business Journal's index of the 200 largest local public companies closed up for the week ended April 3 despite Friday's grim U.S. jobs report. Investors also pushed up the Dow Jones industrial average above 8,000 for the first time in nea
Ritz Camera Centers Inc. began liquidating its eight retail stores in Los Angeles County on Saturday, part of the closure of more than 300 stores nationwide in a court-supervised bankruptcy reorganization.
The Central City Association has endorsed former state Assemblyman Paul Koretz in the hotly contested May 19 runoff election on Los Angeles' Westside for the City Council seat being vacated by Jack Weiss.
Some leading lawmakers and military analysts are suggesting that splitting a $35 billion contract between Boeing and EADS-Northrop Grumman may be the only way to break an impasse.