Thanks to rising production costs and softening oil prices, profits fell during the third quarter at California Resources Corp., the oil producer that is to be spun off from Occidental Petroleum Corp. next month.
Bioscience incubator homes in on CSULA
BIOSCIENCE: Cal State Los Angeles has made the grade as the new home for an ambitious incubator project.
L.A.’s unemployment rate dipped to 8 percent last month as the county gained 28,000 jobs, mostly from teachers returning to schools after summer vacation, according to state figures released Friday.
At $64,000, it’s the most expensive shot of whiskey in the world.
Oil: Hermosa Beach could hit gusher – or pay big breakup bill.
Oil: Rejection of drilling project could leave Hermosa Beach facing a big financial hole.
The Los Angeles City Council on Wednesday voted to extend the major reduction in business tax rates for Internet companies for four more years.
After eight years, Los Angeles County should finally hit a new employment peak next year, according to a forecast to be released this morning from the Los Angeles County Economic Development Corp.
Four Los Angeles city councilmembers on Tuesday introduced a motion to raise the city’s minimum wage to $13.25 by 2017, a hike proposed by Mayor Eric Garcetti.
Hospitality: Hollywood & Highland homes in on attractions to add locals to its throngs of tourists.
The Hollywood & Highland shopping and entertainment complex is a popular stop for tourists, but ever since opening in 2001 it has struggled to attract locals.
The hotel industry is making good on its promise to fight the new Los Angeles minimum wage ordinance for workers at large hotels.
U.S. Transportation Secretary Anthony Foxx and Los Angeles Mayor Eric Garcetti presided over a groundbreaking Tuesday for the $1.4 billion downtown Regional Connector, a project still facing legal challenges from downtown L.A. property owners.
The economic recovery in Los Angeles has been uneven and lags behind the rest of the state and nation, according to a report to be released this morning by Beacon Economics and the Los Angeles Area Chamber of Commerce.
Gov. Jerry Brown has signed a bill to crack down on theft of used kitchen grease.
His life might not exactly mirror “Green Acres,” but L.A. native Jerrold “Jerry” Bregman could feel as if he’s starring in a reprise of the old TV show.
Execs outside L.A. can live with business levies
Businesses in neighboring cities offer positive assessments of alternatives to the city of L.A.’s gross receipts levy.
Over strenuous objections from business groups, the Los Angeles City Council on Wednesday voted to hike the minimum wage for workers at large nonunion hotels to $15.37 an hour.
Hotel owners and local business groups heave threatened to sue the city of Los Angeles if the City Council tomorrow approves a proposed hotel minimum wage mandate.
SeePolitical animates ballot measures to educate voters.
SeePolitical elects to educate voters about ballot issues with animated videos on state propositions.
Energy: Long Beach hopes to hold on to business long term.
Long Beach works to pump up its chances of landing the HQ of the offshoot of oil giant Oxy.
California Resources Corp., the new and homeless spinoff from Occidental Petroleum Corp., is beefing up its presence in Long Beach, a move city officials hope will lead to the oil producer siting its headquarters there.
L.A.’s unemployment rate held steady at 8.1 percent for August even as the county gained nearly 18,000 jobs as some schools reopened after summer vacation, according to state figures released Friday.
Gov. Jerry Brown on Thursday signed a bill to more than triple funding for California's film and TV tax-credit program.
The Los Angeles Area Chamber of Commerce board of directors has voted to oppose Los Angeles Mayor Eric Garcetti’s plan to hike the minimum wage in the city to $13.25 an hour by 2017.
SAFETY: Sunseeker transforms aerospace coating into line of fire-resistant products.
Sunseeker hopes landing a U.S. Forest Service deal can turn its fire-resistant products into hot properties.
Gov. Jerry Brown on Wednesday signed a bill requiring employers to provide at least three days of paid sick leave each year to workers. It applies to part-time workers as well as full-time.
L.A. employers plan to slow their pace of hiring during the fourth quarter, according to a survey released Tuesday from Manpower Inc.
Merchants hope auto display will help fuel sales even after event.
Automotive: Ferrari looks to drive shoppers to Beverly Hills’ Rodeo with anniversary-marking car display.
Politics: Minimum-pay raise feared as too much for city.
Politics: Business groups hope to minimize the damage from a proposed minimum-wage hike in the city of Los Angeles.
he way restaurateur Jeff Kavin sees it, Los Angeles Mayor Eric Garcetti’s plan to hike the minimum wage will have a maximum impact on his business – and it won’t be pretty.
AUTOMOTIVE: Debt-dragging Enova hopes for reverse merger.
Current problems could mean the end of the road for electric drive-train maker Enova Systems.
TAXES: Online business execs fear return of high levies in L.A.
Internet businesses say they rate getting to stay at a lower level of the gross receipts levy.
TECHNOLOGY: Shares of International Rectifier rise as suitor pursues coating.
German suitor sparks to International Rectifier’s high-voltage product for semiconductor chips.
Things got a little uncomfortable at the Los Angeles Area Chamber of Commerce last week.
WATER: Government memo bolsters Cadiz’s plan for project along railroad.
Cadiz makes a splash on Wall Street after possibly moving closer to construction of a desert aquifer pipeline.
KFWB-AM (980) is ending its newstalk format a week earlier than planned.
The state Legislature has approved a bill to increase penalties for stealing used kitchen grease from restaurants.
Chamber highlights towering skyline to tout neighborhood.
Century City Chamber of Commerce is high on its new double-skyline logo.
AUTOMOTIVE: Shares rise as Motorcar Parts exceeds analysts’ expectations.
Strength of aftermarket sector and a new product line accelerates shares of Motorcar Parts of America.
Mike Margolis drove down to San Diego with his family earlier this month to cheer on his oldest son, 18-year-old James Wu, who was participating in an unusual event: an international robo-sub competition.
L.A.’s unemployment rate held steady at 8.1 percent for July even as the county lost 58,000 jobs in July as schools let out for the summer, according to state figures released Friday.
Workers’ compensation insurance rates should go up 11 percent next year from current levels, an insurance industry body said Wednesday despite objections from business and labor interests.
J. Robert Scott looks to furnish tablets with style for $2,910.
J. Robert Scott looks to tap stylish users of iPads for its $2,910 table for tablets.
Foes fear labor’s lien proposal will topple businesses
Business groups battle labor-backed proposal allowing liens against companies accused in wage cases.
The Los Angeles Country Club has withdrawn its application for a 166-foot fence to keep errant golf balls from straying onto a proposed development next door.
China’s largest commercial developer has purchased the former Robinsons-May site in Beverly Hills, one of the most prominent retail locations in the Los Angeles area.
Local business owners and statewide business organizations are stepping up opposition to a state bill that would allow workers to file liens against their employers over claims of unpaid wages.
Los Angeles once again received a grade of D for its overall friendliness to small business, according to a report to be released Tuesday.
ADVERTISING: Shares of Rubicon Project surge on strong second quarter.
Online ad network Rubicon Project crosses into “buy” territory on strength of quarterly revenue.
New state building code opens window to tinting
Changes to the state building code have brightened the prospects for window-film companies.