Los Angeles Business Journal


Recent and archived news stories on: Politics, Federal, States, Local, Public Policy, Regulation, Social Services, Trade, Op-Ed/Commentary...

Local Unemployment Rate Drops, More Jobs in County

Los Angeles County’s jobless rate dipped below 8 percent in January for the first time in nearly six years, according to state figures released Friday.

City Attorney Charges Price Waterhouse Coopers with Fraud

City Attorney Mike Feuer has accused accounting firm PricewaterhouseCoopers of fraud, claiming the company lied about its capabilities in order to secure a $70 million contract with the Department of Water and Power.

Garcetti Names Film Liaison; Announces Steps to Expedite Filming

Los Angeles Mayor Eric Garcetti on Wednesday named Kevin James as film liaison and announced several steps to expedite filming permits within the city.

State Plastic Bag Ban Put on Hold as Ballot Referendum Qualifies

Plastic bag manufacturers and other opponents of a statewide ban on plastic bags have qualified a referendum for the November 2016 ballot, thereby putting the ban on hold, the California Secretary of State’s office said Tuesday.

State Agrees to Pay $24 Million to California First Investors

The state of California has agreed to pay $24 million to investors to settle a four-year legal battle over a proposed deal to sell $2.3 billion in state properties, officials announced Sunday.

L.A. Economy to Grow, See Record Employment Level this Year

The good times should continue to roll for the local economy.

Garcetti Signs Law Reducing Top Business Tax Rates

Delivering some relief to local businesses, Los Angeles Mayor Eric Garcetti on Wednesday signed into law a reduction in the top rates businesses pay in gross-receipts taxes to the city.

Air Board Upholds Approval of Carson Refinery Upgrade

Local air regulators on Friday upheld their approval of a major refinery upgrade in Carson, despite vociferous community and environmental opposition.

State Cites Vernon Exide Plant for Waste Violations

State regulators on Wednesday issued eight violations of state hazardous waste laws against Exide Technologies’ battery recycling plant in Vernon.

Two Execs Plead Guilty to $100 Million Ponzi Scheme

The president of a Calabasas company accused of orchestrating a 13-year-long Ponzi scheme that defrauded nearly 2,000 investors of more than $100 million pleaded guilty Wednesday.

Oil Company Drops Plan to Expand Drilling in South L.A.

Oil company Freeport McMoran is dropping its controversial plan to expand its drilling operation near USC, blaming the recent oil price collapse.

L.A. Chamber Endorses Councilman Huizar’s Re-election Bid

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.

Feds Charge Pair in $100 million Ponzi Scheme

Two Woodland Hills men accused of orchestrating a 15-year-long Ponzi scheme that defrauded nearly 2,000 investors of more than $100 million were charged Tuesday in federal court.

L.A. Hiring to Stay Steady in First Quarter

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.

Council Approves Measures to Keep Production in L.A.

The Los Angeles City Council on Tuesday approved a host of measures aimed at curbing runaway film production.