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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.
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.
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.
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.
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.
Last month was the Port of Long Beach’s busiest November since 2007, with cargo volume up 2.1 percent over a year ago.
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.
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.
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 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.
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.
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.
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.
The explosion last month of an unmanned rocket made by Orbital Sciences Corp. is delaying its planned merger with Alliant Techsystems Inc.
Agriculture shippers are the latest group to call on President Barack Obama to intervene in the delays affecting West Coast ports.