Los Angeles Business Journal


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

Cargo Traffic Down in L.A., Long Beach

Cargo volume at the ports of Los Angeles and Long Beach fell last month compared with the same period last year, the latest figures show.

Guess Founder Paul Marciano Steps Aside as CEO

There’s no more questioning who will be the new head at Guess Inc.

AeroVironment Posts Solid Earnings Amid Activist Push

Monrovia drone maker AeroVironment Inc. posted better-than-expected earnings Tuesday, thanks to strong sales of its unmanned aircraft.

Port of Los Angeles Plans $67 Million Terminal Upgrade

The Port of Los Angeles said it would start work this summer on a two-year, $67 million project to upgrade several berths at Yusen Terminals.

Budweiser Brewery Plans $20 Million Upgrade

Anheuser-Busch is investing $20 million at its Van Nuys brewery to improve water efficiency in the filtering, brewing and packaging operations.

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.