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Burtek merges three firms to pursue aerospace workBurtek Holdings hopes sales take off by combining suppliers and design companies into one entity.

By Carol Lawrence March 30, 2015 midnight   $$ Share

Microsemi to Acquire Vitesse for $389 Million

Semiconductor manufacturer Microsemi Corp. has made an offer to acquire Vitesse Semiconductor Corp.in a deal valued at $389 million, the companies announced Wednesday.

L.A., Long Beach Cargo Crash in February

Congestion at the docks dragged down cargo volume at the ports of Long Beach and Los Angeles for a second consecutive month in February, according to figures released Tuesday.

Coda Energy Names CEO

Monrovia energy storage company Coda Energy on Wednesday named veteran technology executive Paul Detering as the company’s first chief executive following its emergence from bankruptcy in 2013.

Job Cuts at Rocketdyne

GenCorp Inc. is making a 10 percent reduction in the staff of its Aerojet Rocketdyne division, which includes its Chatsworth rocket-engine development and manufacturing facility.

Reliance CEO Hannah to Step Down

Metal processing firm Reliance Steel & Aluminum Co. of downtown Los Angeles announced Monday that Chief Executive David Hannah will step down in May as part of a succession plan. He will be replaced by President and Chief Operating Officer Gregg Mollins.

National Technical Acquires Trace Laboratories

National Technical Systems Inc., a Calabasas engineering and testing company, announced Thursday it has acquired Trace Laboratories in Baltimore.

L.A. Cargo Volumes Fall in January

The Port of Los Angeles saw January cargo volumes fall nearly 23 percent compared with the same month a year ago, a result of the slowdowns and partial shutdowns that gripped the local ports during contentions contract negotiations between shipping lines and dockworkers. Those negotiations wrapped up last week.

Jakks Shares Plunge Despite Strong Earnings

Malibu toy maker Jakks Pacific Inc. is back in the black, reporting its first profitable year since 2011.

Port City Leaders Pledge Cooperation to Boost Competitiveness

Amid a backlog of shipping containers that have amassed during recent congestion at the twin ports of Los Angeles and Long Beach, mayors of both cities say they will work together rather than compete on new efforts aimed at addressing how changes in ocean trade affect the ports.

Labor Fight Cuts Into Long Beach Cargo Numbers

The amount of cargo that moved through the Port of Long Beach in January took a nearly 19 percent nosedive compared to the same month last year because of ongoing congestion and labor strife, officials said late Wednesday.

Air Advisory Issued After Torrance Refinery Blast, Gas Prices Rise

A Wednesday morning explosion at the Exxon Mobil Corp. refinery in Torrance injured four workers and pushed up the local price of wholesale gasoline. The workers suffered only minor injuries, according to an Exxon spokesperson.

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Mattel, Needing a Hit, Introduces Siri-Like Barbie

Mattel has been in desperate need of a hit toy. After reporting that Barbie sales had plunged, again, in the final quarter of last year, the El Segundo toymaker’s interim Chief Executive Christopher Sinclair told investors the company would make changes “with a heightened sense of urgency.”

Aerojet Rocketdyne CEO Resigns

Warren Boley has abruptly resigned as the president of the Aerojet Rocketdyne, the rocket engine manufacturer with facilities in Chatsworth.

Virgin Galactic to Manufacture Rocket in Long Beach

Virgin Galactic is moving the development and manufacturing of its LauncherOne satellite-carrier rocket from the Mojave Air & Space Port to Long Beach.

Jakks Pacific Obtains Warcraft Licensing Rights

Malibu toymaker Jakks Pacific Inc. has obtained the licensing rights to create toys, costumes and other items for the upcoming movie Warcraft.