Breitburn Energy Partners of Los Angeles on Monday received a warning notice of future delisting from the Nasdaq exchange should its stock price fail to rise above $1 for 10 consecutive days over the next six months.
REAL ESTATE: Businesses fear restrictions on lot size would lock out projects.
Developers are speaking out against city efforts to curb “mansionization” – the expanding size of homes in single-family residential neighborhoods.
Downtown L.A. booster Carol Schatz sees area’s strides as opportunity to step back.
Central City Association’s Carol Schatz thinks downtown will prove its mettle by boosting L.A.’s Olympic bid.
L.A. County’s unemployment rate remained unchanged at 5.9 percent in December even as local employers added 26,000 payroll jobs across a broad spectrum of industries, according to state figures released Friday. Employers added nearly 94,000 jobs in 2015, the biggest gain in many years, according to figures from the state Employment Development Department.
Chairing BizFed this year is Gilbert Ivey, former chief administrative officer of the Metropolitan Water District of Southern California. The chair-elect for next year is Mike Lewis, a consultant and senior vice president of the Construction Industry Air Quality Coalition.
REAL ESTATE: Two anti-growth measures could drive off projects.
Developers say anti-growth proposals would leave Los Angeles short on housing.
CONSTRUCTION: City’s Public Works Department renews labor-favoring deal.
Nonunion contractors are once again frozen out as the city of L.A.’s Public Works Department has renewed its project labor agreement with the Los Angeles and Orange County Building and Construction Trades Council for five years.
SMOKING: Fate of e-cigarette business up in air as federal, state regulations could drive up costs for vaping vendors.
E-cigarette business owners fear looming regulations could drive up costs and snuff out the industry.
Carol Schatz, who for 20 years has headed the powerful downtown business group Central City Association, announced Friday that she is stepping down from her post later this year.
Bertoni returns to L.A.’s planning department after five years as Pasadena’s planning chief, where he oversaw that city’s general plan update. As a deputy planning director in Los Angeles, he oversaw the formation of 16 historic preservation overlay zones, new guidelines for the Broadway Historic District and a Hollywood community plan.
POLITICS: Proposal aims to head off $15-an-hour spike with $12.50 plan.
Long Beach business groups’ proposal urges the city to step back from a $15 minimum-wage hike to $12.50.
Shares of Los Angeles water and land resource company Cadiz Inc. rocketed nearly 27 percent Wednesday on news of an immediate $12 million cash injection from a land lease agreement.
A group of 40 companies has agreed to pay $22 million towards the cleanup of a Superfund site in South Gate, federal officials announced late Tuesday. The Environmental Protection Agency and the Justice Department announced the agreement to further clean up the 3.8-acre Cooper Drum Superfund Site at 9316 S. Atlantic Ave. The companies will pay $15 million for groundwater treatment and $7 million to reimburse the EPA for past cleanup activities.
Several local firms are part of the four finalist teams named for a project to transform downtown’s Pershing Square from a concrete park into a more picturesque area.
DEVELOPMENT: Judge’s rejection of limits clears way for retail projects.
State court ruling unshackles retail projects from Malibu’s restrictions on chains.
POLITICS: Sector’s latest initiative would shift sack fees away from grocers.
Upset with the state Legislature’s passage last year of a ban on plastic bag use in grocery stores, the plastic bag industry is mounting a most unusual attack on the law, with not one, but two initiatives aiming for November’s ballot.
L.A. County’s unemployment rate dipped below 6 percent in November for the first time in eight years as holiday retail hiring led broad job gains, state figures released Friday show.
Handing a victory to real estate developers, a judge this week overturned a measure enacted last year by Malibu voters to limit retail developments involving chain stores.
Handing a victory to developers, a judge this week overturned a measure enacted last year by Malibu voters to limit retail developments involving chain stores.
Los Angeles Mayor Eric Garcetti on Monday announced the launch of Metro’s Silver Line Express.
REAL ESTATE: Rejection of Newhall Ranch’s EIR may scare away developments.
State high court’s ruling against the Newhall Ranch project may chill other developments.
Los Angeles employers say they plan modest hiring during the first quarter of next year, according to a survey to be released Tuesday from Manpower Inc.
ENERGY: Breitburn shares have shed 90 percent of value over last 52 weeks.
Breitburn’s stock hole widens after the oil and gas firm suspends shareholder distributions.
DEVELOPMENT: Initiative by activists draws ire as hurdle to housing needs.
Local business groups, led by downtown L.A.’s Central City Association, have begun a campaign against a likely ballot measure next year that would make it tougher to get approvals for development projects in the city of Los Angeles.
DEVELOPMENT: Some say housing ‘tax’ will kill projects.
Some businesses say L.A. Mayor Eric Garcetti’s proposed affordable housing fee could cost the city projects.
The California Public Utilities Commission on Thursday penalized Southern California Edison $16.7 million for failing to report communications between Edison executives and the commission regarding the shutdown of the San Onofre nuclear plant.
Shares of Breitburn Energy Partners plunged more than 20 percent on Tuesday after the Los Angeles oil and gas drilling partnership made a long-expected announcement it is suspending shareholder distributions, effective immediately.
TOURISM: Starline vows to fight Rodeo Drive weight restrictions.
Starline says it will fight Beverly Hills’ restrictions on big buses that will drive away its business.
PERMITTING: State mulls ditching flat fee for basing cost on usage factors.
Thousands of local manufacturers, warehouses, recycling facilities and other businesses in Los Angeles County and throughout the state could face huge increases in storm-water runoff fees under a plan being considered by state water quality regulators.
OIL: Venoco stresses financial benefit of well to stake holders, district as it seeks to keep pumping at Beverly Hills High.
Venoco works to dig up support for its bid to renew the lease for the firm’s well at Beverly Hills High.
L.A. County’s unemployment rate fell last month to 6.1 percent as the county added 38,000 jobs, state figures released Friday show.
The Dow Jones industrial average rose 91 points in Friday trading to close at 17,824. The S&P 500 rose 8 points to 2,089. The Nasdaq rose 31 points to 5,105. The LABJ Stock Index rose 2 points to 244.
Community activists in Hollywood filed an initiative on Wednesday to place a moratorium on major construction projects in Los Angeles and make it tougher for developers to get projects approved in the future.
Charter school operator Alliance steps back from growth mode as union intensifies push to sign up nonprofit’s teachers.
Question on whether to enroll in a union has divided teachers at L.A.’s largest charter school operator.
Sixteen companies headquartered or with facilities in Los Angeles County have been awarded state tax credits for plans to expand and create jobs, the Governor’s Office of Business and Economic Development announced Tuesday.
AUTOMOTIVE: New focus at US Auto Parts credited for strong third quarter.
US Auto Parts’ focus on selling high-priced products drove the firm to its first profitable third quarter in six years.
POLITICS: Rejection of shopping center, hike in hotel tax among setbacks.
Local business interests scored some wins and suffered some setbacks in last week’s off-year elections throughout Los Angeles County.
Voters rejected a Whole Foods-anchored shopping center project in Malibu on Tuesday, while voters in Hermosa Beach approved a hike in that city’s hotel bed tax.
Turnout at first year’s event spurred organizers to land at L.A. Convention Center.
Tesla Foundation Group’s drone expo wings way to Los Angeles Convention Center after packed first run.
ENERGY: Utilities’ proposals would cost installers, customers.
Utilities’ proposed changes to solar power incentives could leave installers and customers in the cold.
Street vendor activists filed suit in federal court Thursday against the downtown Fashion District Business Improvement District and the Los Angeles Police Department over the confiscation of carts and other personal belongs of street vendors.
REAL ESTATE: Seismic retrofits, rent-control caps boost burden.
Decisions on seismic retrofits and rent-controlled units have opened the door to higher costs for landlords.
POLITICS: Only one out of 19 anti-business bills made it into law in past term.
Business interests capped a relatively successful year in Sacramento: All but one of the 19 bills the California Chamber of Commerce tagged as “job killers” failed to advance and several business-supported bills were signed into law.
Southern California Edison and the other owners of the shuttered San Onofre nuclear power plant have reached a $400 million claims settlement with a national power plant consortium that provided insurance for the power station.
CONSTRUCTION: Will costs sink inventor’s recycle device?
Inventor Garry Sato is plumbing interest in his valve that diverts a home’s greywater into reuse.
WATER: Cadiz shares dive after bureau rejects firm’s railroad right-of-way plan.
Aquifer owner Cadiz vows to fight ruling on needing an environmental review after stock plunges.
L.A. County’s unemployment rate fell last month to 6.5 percent as the county added 40,000 jobs to reach record payroll employment, state figures released Friday show.
NONPROFIT: Ex-SBA chief hopes fellow Republicans pass on Donald Trump.
Latino Coalition’s Hector Barreto discusses Hispanic businesses and Donald Trump’s comments about illegal immigrants.
LAW: Kamala Harris floats restricting amount, purpose of payouts to attorneys.
For years, small businesses throughout California have been targeted in shakedown schemes from plaintiff attorneys threatening lawsuits over seemingly trivial violations of the state’s Proposition 65 toxic chemical notification law.
Some business owners fear pay-equity act’s “substantially similar” wording will open the door to a different class of lawsuits.
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