The Dow Jones industrial average rose 304 points in Monday trading to close at 16,776. The S&P 500 rose 36 points to 1,987. The Nasdaq rose 73 points to 4,781. The LABJ Stock Index rose three points to 223.
PR vet David Herbst scored seat to see Francis speak to joint session of Congress.
PR exec David Herbst partook of Pope Francis’ mass appeal during the pontiff’s visit to Congress.
GOVERNMENT: Some groups move to head off hikes in cities.
Business groups in some L.A. cities are paying extra attention to heading off wage-hike issue.
Thursday Rundown: Long Beach Pipeline Company Acquires NorCal Pipeline from Chevron, Music Instructor Snags Nationwide Licensing Deal
Long Beach’s Crimson Pipeline has reached agreement to acquire Chevron Pipeline Co.’s 295-mile KLM Pipeline in Northern California, along with related assets, the companies announced Thursday.
Exxon Mobil Corp. on Tuesday announced it has agreed to sell its damaged Torrance oil refinery, a pair of Vernon refinery product centers and other related California assets for a reported $537 million.
GOVERNMENT: Business groups welcome new panel but see familiar hurdles.
Even though local business groups are still smarting from their failure to stop city of L.A. leaders from raising the minimum wage to $15 an hour over the next few years, they are cheering a recent development: the creation of a City Council committee focused on job creation.
L.A. County’s unemployment rate fell below 7 percent last month for the first time in more than seven years, according to state figures released Friday.
GAS: Prices at pump stay up as ExxonMobil plant stays down.
ExxonMobil’s restricted refinery has only fueled local pain at the pumps from California’s towering prices.
REAL ESTATE: Groups say proposed plan opens door to steep building costs.
A bill that would mandate doubling the energy efficiency of all buildings in the state over the next 15 years might have been overshadowed by a more controversial provision to halve gasoline consumption that was stripped from the bill last week, but it’s ambitious nonetheless.
Local employers say they plan to slow down their hiring and will likely lay off more people in the fourth quarter than earlier in the year. And they are also more cautious about hiring plans than their counterparts nationwide, according to a survey to be released Tuesday by Manpower Inc.
MANUFACTURING: Donald Friese reaps $1.3 billion from deal.
Glass products maker cracks billionaire’s club with sale of his company, CR Laurence.
It’s no laughing matter: The Joker has been put out of business.
ENERGY: Eagle Crest looks to tap site for use in wind, solar storage.
Eagle Crest digs the idea of using abandoned mine for power storage system.
TRANSPORTATION: City of L.A. opens LAX to Uber, peers; OKs complaint line.
When the Los Angeles City Council gave the green light for Uber, Lyft and other ridesharing services to pick up passengers at Los Angeles International Airport last week, there was talk about streamlining regulations for taxicab drivers so they could compete on a more equal footing.
The day is nearly at hand when passengers arriving at LAX will be able to hail a ride with their smartphones.
Grass is no longer green for lawn remover Turf Terminators as water agencies’ subsidies evaporate.
Teacher Michael Lin’s new business aims for parents who want male nannies.
Michael Lin doesn’t hesitate to bring up “mannies” when it comes to helping raise people’s kids.
CONSTRUCTION: Rise in starts drives up shares of KB Home, Ryland Group.
Shares of homebuilders KB Home and Ryland Group climb as investors welcome rise in housing starts.
SolarReserve, a Santa Monica developer of large-scale solar projects has received environmental approval for a 260 megawatt plant in Chile.
L.A. County’s unemployment rate fell sharply in July to 7.1 percent from 7.5 percent in June, despite massive seasonal layoffs in education, state figures released Friday show.
Sell tobacco to a kid in Los Angeles and you’ll soon get a month-long time out.
After a marathon packed hearing, a Los Angeles City Council committee late on Tuesday voted to uphold an airport commission decision to allow rideshare services such as Uber and Lyft to pick up passengers from Los Angeles International Airport.
HansonLA staff sizes up styles on walk from downtown to beach.
HansonLA has new staff walk from downtown to the beach to gain street smarts on L.A. styles.
MANUFACTURING: Shares of American Apparel slide with bad credit, sales news.
American Apparel shares tumble as mounting credit and sales woes point toward a bankruptcy filing.
Bumble Bee Foods will pay a record $6 million to settle a criminal prosecution over the 2012 death of an employee who became trapped in an industrial oven at the company’s Santa Fe Springs facility, the Los Angeles County District Attorney’s office announced Wednesday.
A major investment bank downgraded shares of Edison International Tuesday amid concern that shareholders could be on the hook for more costs related to the Rosemead electric utility’s 2013 closure of the San Onofre nuclear power plant.
GOVERNMENT: Helping small businesses cope with increase among concerns.
Recognizing that Long Beach elected officials will likely enact an increase in the minimum wage in coming months, the Long Beach Area Chamber of Commerce is hoping to negotiate a deal that would make a raise more palatable to businesses in the city rather than opposing a wage hike outright.
ENERGY: Oil, trucking firms rip state proposal to reduce use.
Oil and transportation companies hope to drive off a state measure to cut vehicles’ petroleum use by 50 percent.
L.A. County’s unemployment rate fell in June to 7.4 percent from 7.6 percent in May following a modest gain in employer payrolls, state figures released Friday show.
TOBACCO: L.A. mulls new penalties for cig sales to minors, in-shop smoking
Local tobacco retailers and smoke lounges are warily eyeing the rollout by Los Angeles City Attorney Mike Feuer of tougher enforcement standards aimed at preventing sales of tobacco products to minors and protecting workers from secondhand smoke.
REGULATION: Owners hope to limit legalization of rival vendors.
Brick-and-mortar shops hope to curb a push in the city of Los Angeles to legalize street vending.
The final chapter appears to have closed in the quarter-century battle resulting from the collapse of Los Angeles insurance company Executive Life and an ensuing legal scuffle that stretched from Sacramento to Paris.
Alexander Stettinski, executive director of the Beverly Hills Chamber of Commerce, announced his resignation on Tuesday to to become vice president of operations and strategic planning with the neighboring Visit West Hollywood.
For Bob Parker, life has taken some dramatic turns recently.
REAL ESTATE: City of L.A. proposals could kill creation of more units.
City of L.A. officials weigh rent-control rules that could open door to more burdens for landlords.
COMMERCE: Survey rates most L.A. cities as high cost.
Rising costs push more than half of L.A. cities into business-unfriendly territory, survey reports.
L.A. County’s unemployment rate was unchanged in May at 7.6 percent amid modest job gains that left the county just short of its all-time payroll jobs peak, state figures released Friday show.
From the creator of a social media platform to the founder of a bikini company, the Business Journal turns the spotlight on 20 young entrepreneurs who have gotten a jump on the business world.
Instructor says color code helps notes stick better with students.
Conservatory of Performing Arts helps students scale musical notes with a color-coded system.
L.A. County’s unemployment rate was unchanged in April at 7.6 percent amid modest job gains that left the county just short of its all-time payroll jobs peak, state figures released Friday show.
L.A. area businesses are optimistic about business conditions this year and plan to sharply ramp up capital spending, according to a survey to be released today from the Los Angeles County Business Federation, or BizFed.
POLITICS: Carolyn Ramsay piles up endorsments in race for seat on City Council.
Business groups are overwhelmingly supporting City Hall veteran Carolyn Ramsay in this week’s election to replace Tom LaBonge on the Los Angeles City Council.
LAX-dependent cabbies hem in area businesses
LAX-area businesses say cabbies waiting for airport pickups are driving off customers.
Responding to an outcry from local business groups and from Los Angeles Mayor Eric Garcetti, City Council leaders late on Friday agreed to separate a controversial paid time off mandate from the minimum wage hike it plans to consider next week.
The minimum wage hike proposal approved by an L.A. City Council committee this week might require employers to pay minimum wage workers for time off.
Anaplex Corp. of Paramount has agreed to pay $142,000 to settle allegations that the plating company had violated hazardous waste rules, the U.S. Environmental Protection Agency announced late Thursday.
A Los Angeles City Council Committee on Wednesday voted to hike the citywide minimum wage to $15 an hour, but also to give more time for businesses to comply.
Carsharing could soon become much more common in Los Angeles – as common as parking meters, in fact.
INTERNET: Mehran Nia says U.S. Auto Parts too small to be publicly held.
Co-founder and ex-CEO of U.S. Auto Parts looks to drive the online retailer into a sale.
NONPROFIT: Carol Schatz praises housing, restaurants; homelessness still concern.
Carol Schatz talks downtown L.A.’s revival during her 25 years at Central City Association.
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