Los Angeles Business Journal


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

Air Advisory Issued After Torrance Refinery Blast, Gas Prices Rise

A Wednesday morning explosion at the Exxon Mobil Corp. refinery in Torrance injured four workers and pushed up the local price of wholesale gasoline. The workers suffered only minor injuries, according to an Exxon spokesperson.

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Mattel, Needing a Hit, Introduces Siri-Like Barbie

Mattel has been in desperate need of a hit toy. After reporting that Barbie sales had plunged, again, in the final quarter of last year, the El Segundo toymaker’s interim Chief Executive Christopher Sinclair told investors the company would make changes “with a heightened sense of urgency.”

Aerojet Rocketdyne CEO Resigns

Warren Boley has abruptly resigned as the president of the Aerojet Rocketdyne, the rocket engine manufacturer with facilities in Chatsworth.

Virgin Galactic to Manufacture Rocket in Long Beach

Virgin Galactic is moving the development and manufacturing of its LauncherOne satellite-carrier rocket from the Mojave Air & Space Port to Long Beach.

Jakks Pacific Obtains Warcraft Licensing Rights

Malibu toymaker Jakks Pacific Inc. has obtained the licensing rights to create toys, costumes and other items for the upcoming movie Warcraft.

PMA to Suspend Weekend and Holiday Activity at Ports

After halting the loading and unloading of ships last weekend at the ports of Long Beach and Los Angeles, shippers and terminal operators are upping the ante by suspending upcoming weekend and holiday activity, denying higher weekend and holiday pay to longshore workers.

Shippers Threaten Port Lockout

Frustrated after more than nine months of contract negotiations with the West Coast dockworkers’ union, the chief executive of the shippers bargaining group Pacific Maritime Association on Wednesday revealed details of its offer to the union in a conference call and threatened a shutdown of operations at West Coast ports.

New Mattel Chief Promises ‘Urgency’ After Weak Earnings Report

Mattel Inc.’s Interim Chief Executive Christopher Sinclair told investors Friday the El Segundo toymaker will make needed changes “with a heightened sense of urgency” as the company reported weak sales and earnings for the final quarter of last year.

OSI Moving Camarillo Operations to Hawthorne

Hawthorne manufacturer OSI Systems Inc. will vacate its Camarillo plant by April 30 to consolidate operations at its headquarters, company officials reported to the state’s Employment Development Department earlier this month.

Mattel Falls on CEO Resignation, Sales Estimates

Mattel Inc. shares dropped 5 percent Monday after the El Segundo toy maker announced that Bryan Stockton resigned as chairman and chief executive, and that early estimates of recent quarterly sales and net income fell off sharply from last year.

Jakks Scores Deal to Make “Halo” Toys

Malibu toymaker Jakks Pacific Inc. announced today that it has secured a licensing deal to make toys and costumes based on the Microsoft Studios video game “Halo.”

California Resources Drops Massive Carson Oil Drilling Plan

California Resources Corp. announced Monday that it has dropped plans for a major drilling project in Carson because of low oil prices.

Cargo up in Long Beach Last Year

Last year was the Port of Long Beach’s third-busiest, port officials said late Tuesday, as cargo container volume rose 1.3 percent over 2013.

Port Numbers Up Despite Cargo Diversion

Despite congestion at the harbor and reports of cargo being diverted to other West Coast ports, the Port of Los Angeles saw a slight uptick in cargo traffic last month over the same month a year earlier.

PMA to Reduce Night Work at Ports

The Pacific Maritime Association will stop calling on longshore workers to load and unload ships at night at the ports of Los Angeles and Long Beach as of Tuesday night, the organization said in a statement to the Business Journal.