Los Angeles Business Journal

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

Soaring stock mints first legal pot billionaire

Marijuana dispensing machine maker Medbox has turned into a pot of gold for its newly minted billionaire owner.

American Apparel Stock Falls on Sales Drop

Shares of American Apparel Inc. fell more than 18 percent on Thursday after the apparel company said same-store sales fell 6 percent last month.

Ceres Reports Loss; Simulations Plus Sees Profit

Energy crop developer Ceres Inc. reported deeper losses than expected, but beat Wall Street's revenue expectations. Software maker Simulations Plus Inc. announced fiscal first quarter results that also beat analysts' revenue estimates.

Obit: Former Northrop Chief Tom Jones, 93

Thomas V. Jones, the maverick chief executive who grew Northrop Corp. into an aerospace giant over his 30 years at the helm, died Tuesday of pulmonary fibrosis. He was 93.

L.A. City Attorney Sues Allenco Energy

Los Angeles City Attorney Mike Feuer on Tuesday filed suit against the operators of a controversial South Los Angeles oil field with operations that have been blamed for noxious vapors causing health problems.

Levine Leichtman Acquires Craft Supplier

Levine Leichtman Capital Partners on Monday said it partnered with the management of craft clay maker Polyform Products Co. to acquire the company.

Qualstar's CEO Adds to His Stake

Steve Bronson, chief executive of Qualstar Inc., has purchased more than 85,000 shares of the company’s stock in the last two weeks, pushing up his stake to more than 21 percent of outstanding shares, according to a regulatory filings.

Yamaha Acquires Line 6 Inc.

Calabasas audio product manufacturer Line 6 Inc. has been acquired by Yamaha Corp.

Revolution Capital Acquires Danish Furnishings Firm

Revolution Capital Group has completed its acquisition of Tvilum, a Danish unit of U.S.-based Masco Corp.

BreitBurn Buys Texas Oil, Gas Properties

BreitBurn Energy Partners on Monday said that it has completed the acquisition of interests in oil and natural gas properties in the Texas Permian Basin from CrownRock of Midland, Texas for about $282 million.

OpenGate Acquires Another Plastics Business

Century City’s OpenGate Capital said Friday that it had won a bid to take over bankrupt European plastics manufacturer Kem One SAS, its third deal in the European plastics market this year.

Scientists Applaud Fracking Rules

A group of 21 scientists from around the country has told Gov. Jerry Brown that California is on the right track with proposed regulations to allow fracking of the state's shale oil reserves.

OpenGate to Acquire Belgian Chemicals Company

OpenGate Capital said that it signed an agreement with Belgian chemicals company Solvay to acquire its Benvic PVC plastic compounding business.

Might Oxy Ditch L.A. HQ to Hang Its Hat in Houston?

Is Occidental Petroleum Corp., L.A.’s second largest public company, planning to move its corporate headquarters to Houston? There are signs it could do so.

BYD Supporters Defend Bus Maker

Chinese electric vehicle manufacturer BYD Co. Ltd. held a press conference on Friday to further defend itself from allegations it did not comply with minimum wage laws for engineers working at its Lancaster plant and North American headquarters in downtown Los Angeles.