Los Angeles Business Journal


Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...

Tiny Tesla on Offer From Mattel

El Segundo toy maker Mattel Inc. has recently started selling a tiny version of Tesla Motors’ flagship electric luxury sedan, the Model S.

Long Beach Cargo Traffic Rises

May container cargo movement at the Port of Long Beach reached its highest level since October, officials reported Wednesday.

Los Angeles Container Cargo Volume Rose in May

Every little bit helps. The Port of Los Angeles saw a less than 1 percent increase in container cargo movement last month compared to the year-ago period, though the increase was due to a large volume of empty containers heading back overseas.

Heinz to Close Chatsworth Plant

H.J. Heinz Co. is shutting down its condiments and sauces plant in Chatsworth and laying off 145 employees, the San Fernando Valley Business Journal has learned.

Jacobs Scores Long Beach Port Contract

Pasadena’s Jacobs Engineering Group Inc. is getting in on the Port of Long Beach’s $1.3 billion Middle Harbor project.

United Oil Triples Store Count with Acquisition

United Oil, a major operator of convenience stores and gas stations in Southern California, will vastly expand its operations across the Western United States after acquiring Pacific Convenience & Fuels of Pleasanton.

Murad Alleges CVS Selling Goods Without Permission

Skincare company Murad Inc. said it filed a lawsuit Monday against CVS Health Corp. alleging the retail pharmacy chain has been selling its products without the El Segundo firm’s permission.

Langer Juice Founder Dies at 86

Nathan Langer, who survived the Holocaust and went on to found Langer Juice Co., died Wednesday at the age of 86.

Marshall School Namesake Dies at 95

Gordon Marshall, the founder of electronics giant Marshall Industries and a University of Southern California trustee for whom the institution’s business school was named, died Tuesday in Pasadena at the age of 95.

Laundering – of Money – Costs Apparel Company Chief His Businesses

The owner of a Los Angeles import-expo business pleaded guilty Friday to federal felony charges in connection with a black market money laundering scheme.

SpaceX Certified for National Security Missions

After a two-year approval process, Elon Musk’s SpaceX is now officially eligible to launch national security satellites, which could steer hundreds of millions of dollars to the Hawthorne company.

Mattel Inks Deal for Mobile Games Based on Its Characters

In a move to link more of its traditional toys to technology, El Segundo toy maker Mattel Inc. has struck a deal with Hong Kong mobile games developer Animoca to create games based on the toy company’s brands.

Dockworkers, Employers OK Contract

Importers and exporters whose business depends on the L.A.’s twin ports and other West Coast harbors can breathe a sigh of relief: A tentative labor contract, reached in late February between dockworkers and terminal operators after months of work slowdowns and near gridlock, has been approved by both sides.

Port of Long Beach to Shell Out for Chassis Fleet

The more truck chassis, the merrier – that’s why the Port of Long Beach is going to build its own fleet of the truck trailers used to haul shipping containers to and from the port and the Port of Los Angeles.

Briefs: Ducommun Expands Relationship with Gulfstream, Brown Signs Climate Change Agreement

Ducommon, Gulfstream Expand Relationship Carson aerospace manufacturer Ducommun Inc. is expanding its business with business-jet maker Gulfstream Aerospace Corp. to make parts for two new business jets models.