Los Angeles Business Journal


Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...
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Breitburn Halves Distributions to Shareholders Amid Oil Price Collapse

Rocked by the oil price crash and its own plummeting stock price, Breitburn Energy Partners has sliced its distributions to shareholders by just over 50 percent.

Cambrian Buys Majority Stake in Dallas Plant

Downtown L.A.’s Cambrian Energy Development, a landfill gas-to-energy developer, has purchased a majority stake in a Dallas biomethane production facility for $40.6 million.

Ports of L.A., Long Beach May Drastically Cut Number of Overnight Workers

The number of longshore workers called to work overnight at the Ports of Los Angeles and Long Beach may be cut by two-thirds, the latest twist in the months-long contract negotiations between dockworkers and shipping lines at West Coast ports.

Serta Simmons to Close Compton Plant, Lay Off Workers

Mattress manufacturer Serta Simmons Holdings of Hoffman Estates, Ill. will close its Compton plant early next year and lay off 94 people, the company told the state’s Employment Development Department.

Groups Ask President Obama to End Port Dispute

Frustrated that the Pacific Maritime Association and the International Longshore and Warehouse Union are still negotiating a new labor contract for West Coast ports, 166 groups have called on President Barack Obama to immediately help resolve the contentious issue.

Port Volume Up in Long Beach, Down in L.A.

Last month was the Port of Long Beach’s busiest November since 2007, with cargo volume up 2.1 percent over a year ago.

More Boeing Layoffs Coming

Boeing Co. will lay off 360 people in Southern California between Dec. 12 and Jan. 1, according to state-required layoff notices posted by the California Employment Development Department. The Chicago aerospace manufacturer will lay off 98 workers in El Segundo, 137 in Long Beach and 125 in Huntington Beach, according to the notices.

UTi Staying Mum on CEO Exit

Amid rumors of a possible sale of the company, Long Beach supply chain services provider UTi Worldwide Inc. said late Monday that Eric W. Kirchner had resigned as chief executive and Edward G. Feitzinger would take over the top spot, effective immediately.

Feds Order Recall of L.A. Firm’s Tainted Fish

The U.S. District Court for the Central District of California has ordered that a Mid-City Los Angeles seafood company, Neptune Manufacturing Inc., shut its business and destroy all its seafood until it puts in place an approved food-safety program, the U.S. Department of Justice announced Thursday.

Kinkisharyo to Keep Jobs in L.A. County

Kinkisharyo International reached an agreement on Tuesday with labor and community groups that will keep light rail manufacturing jobs in Palmdale and not take them out of state.

Disney’s ‘Frozen’ Dolls Displace Barbie as Top Gift Choice

Shoppers polled for the National Retail Federation’s annual Holiday Top Toys Survey have chosen dolls from Walt Disney Co.’s “Frozen” as their top gift choice for girls. It marks the first time in 11 years that Mattel Inc.’s Barbie doll did not take the top spot.

Acquisition Pumps Up Nutrition Bar Maker

Nellson Nutraceutical, an Irwindale nutrition bar and powder maker, plans to acquire Le Groupe Multibar Inc., a Montreal-based manufacturer of nutritional and snack bars, Nellson announced Monday.

Galpin, Henrik Fisker to Debut Muscle Car Made of Carbon Fiber

Henrik Fisker is expected to announce plans for a new muscle car with a body made of carbon fiber during an appearance at the Los Angeles Auto Show today. Fisker is working with Galpin Motors Inc. in Los Angeles on the project, according to Beau Boeckmann, the auto dealeship’s president and chief operating officer.

Rocket Explosion Delays ATK-Orbital Merger

The explosion last month of an unmanned rocket made by Orbital Sciences Corp. is delaying its planned merger with Alliant Techsystems Inc.

Agriculture Shippers Call on Obama to Intervene in Port Delays

Agriculture shippers are the latest group to call on President Barack Obama to intervene in the delays affecting West Coast ports.