Los Angeles Business Journal


Recent and archived news stories on: Accounting, Advertising, Consulting, Jobs, Food, Insurance, Law, Printing, Public Relations, Security...

Auto Dealers Take on TrueCar, Again

A Sacramento trade group representing more than 1,100 of the state’s new car dealers has accused Santa Monica’s TrueCar Inc. of operating as an auto dealer and broker without a license.

High Court Rules in Favor of Edison Employees

Weighing in on a dispute brought by employees of Rosemead utility Edison International, the Supreme Court unanimously ruled Monday that retirement plans have to monitor the investment options they offer, a move that could make it easier for employees to file lawsuits in the future over funds that charge high fees.

Genting Hong Kong Completes Purchase of Crystal Cruises

Genting Hong Kong announced Friday it has completed its $550 million acquisition of Crystal Cruises in West Los Angeles.

Sidley Austin to Open Century City Office

Chicago law firm Sidley Austin revealed plans Thursday to open an office in Century City – its second in Los Angeles – and increase its focus on the media and entertainment industry.

On Assignment To Purchase Creative Circle

On Assignment Inc., the publicly traded Calabasas staffing firm, said Monday it had agreed to acquire Mid-Wilshire staffing company Creative Circle for $570 million in cash and stock. Another $30 million could be thrown into the pot if certain performance benchmarks were met.

El Super Hit With Labor Violations

About a hundred employees of the Mexican-based supermarket chain El Super and their supporters on Wednesday celebrated a step forward in a 19-month battle with the chain for a new labor contract.

Long Beach Bookstore Owner Sentenced in Textbook Theft Ring

A Long Beach bookstore owner was sentenced to state prison Tuesday after pleading no contest to charges he orchestrated a scheme to steal thousands of textbooks with the help of employees from four school districts.

Unified Grocers Sells Insurance Operations

Unified Grocers Inc. in Commerce, the largest wholesale grocery distributor in the Western U.S, announced Wednesday it will sell its Springfield Insurance Co. and Unified Grocers Insurance Services – both of which provide insurance to grocery stores that work with Unified – to New York’s AmTrust Financial Services, Inc.

L.A. Airline Catering Workers Strike Outside Kitchen

Saying they don’t have enough tools or manpower to do their work, about 175 employees of Chicago, Ill. airline catering company Flying Food Group protested Tuesday outside one of the company’s kitchens in Los Angeles.

Dentons, McKenna Long to Merge This Year

Law firms Dentons US and McKenna Long & Aldridge will merge later this year, the firms announced late yesterday.

Briefs: UCLA Study Rates L.A. a C+, Lions Gate’s Largest Shareholder Sells

UCLA Environmental Study Gives L.A. County a C+ Los Angeles County has work to do when it comes to the environment, according to a UCLA study released on Tuesday that rates the county’s environmental performance as a C+.

Forecast for Local Hiring Optimistic

Prospects for job seekers in Los Angeles look promising for the next six months.

Brazil Loses Latest Round of Fight for Giant Emerald

Three businessmen claiming to own the 840-pound “Bahia Emerald” caught a break in Los Angeles Superior Court Monday after a judge rejected a request from Brazil to dismiss the five-year-long legal battle and ultimately grant the country ownership.

Briefs: Medbox Climbs, LMU Names New President, Kirk Douglas Donates

Medbox Climbs Medbox Inc. shares jumped 17 percent on Friday to $1.65 after the West Hollywood marijuana dispensing firm filed its first annual report and first regulatory filing since restating previous years’ financials.

Former Northrup Grumman CEO Gives Caltech $10 Million

Kent Kresa, a former president and chief executive at Northrop Grumman Corp., is donating an unrestricted $10 million endowment to the California Institute of Technology’s division of physics, mathematics and astronomy, the school announced Monday.