Los Angeles Business Journal

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L.A. Unemployment Rate Falls

L.A. County’s unemployment rate fell to 8.3 percent in April as 30,000 more residents found jobs during the month, according to state figures released Friday.

Brisk Business Boosts Air Lease Profits

Air Lease Corp. late Thursday said first-quarter net income jumped 53 percent as the airline demand for plane leases was on the upswing.

Seacrest Buys Marketing and PR Firm

Ryan Seacrest’s investment firm, Seacrest Global Capital, has acquired marketing and PR firm Culture Shop through a subsidiary, Seacrest’s company announced Thursday.

Workers Vote to Approve Strike at El Super Supermarkets

Local 770 of the United Food & Commercial Workers International Union on Wednesday said that members working for the El Super supermarket chain have voted to authorize a strike if contract negotiations break down.

Three L.A. Agencies Claim Ad Industry Awards

Ad agencies Deutsch LA, CAA Marketing and North Kingdom might go head-to-head when competing for new clients, but last week they celebrated with wins at the 50th Annual International Andy Awards in New York.

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Waiting Rooms

Hoteliers’ plans hinge on NFL stadium project

Downtown Los Angeles could score more hotel rooms if a plan for a pro football stadium fails to pan out.

Higher DineEquity Profit Still Disappoints

DineEquity Inc. on Thursday reported rising net income and revenue in the first quarter, but missed analysts’ profit estimates as its Applebee’s chain underperformed.

Adjusted Edison Profit Beats Expectations

Edison International reported a lower first quarter profit, but its core earnings rose as the company benefited from revenue growth, lower expenses and workforce reductions.

USC Marshall Receives $4 Million Gift

A USC alumnus has made a large gift to its Marshall School of Business to enhance programs and student opportunities there, the university announced Wednesday.

USC School to Offer First Online Doctorate

USC's Rossier School of Education is working with an Arizona provider of cloud-based educational software to launch the school's first doctorate degree delivered online, a Doctor of Education in Organizational Change and Leadership.

Apollo Global Wins Auction for Classic Party Rentals

Classic Party Rentals on Tuesday said that a bid by affiliates of Apollo Global Management beat out an offer by creditors to take over the company.

Jacobs Buys Verizon Unit

Jacobs Engineering Group Inc. on Tuesday said it will acquire Federal Network Systems from Verizon Communications.

CIM Buying Farmers Insurance Complex

Hollywood developer CIM Group on Monday said that it has agreed to buy Farmers Insurance Group's longtime headquarters on Wilshire Boulevard.

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Latino Market

New licenses rev up auto insurer’s focus

Spain’s Mapfre hopes illegal immigrants obtaining drivers licenses will rev up its auto coverage market.

McMorrow Makes Gift to USC Marshall

The University of Southern California and its Marshall School of Business announced Tuesday that local real estate executive William J. McMorrow made a substantial gift to the school to establish a global real estate program.