Los Angeles Business Journal

L.A. Approved to Bid for 2024 Olympics

Los Angeles is one of four U.S. cities approved to bid for the 2024 Summer Olympics, the U.S. Olympic Committee announced Friday.

Two L.A. Companies in Line for State Tax Credits

A metal company in Long Beach and a health supplement company in City of Industry have made the final list of 31 companies eligible for state hiring tax credits under a jobs program, Gov. Jerry Brown’s office announced Tuesday.

Barrack Donates $15 million to USC Marshall School

L.A. private equity billionaire Thomas Barrack has donated $15 million to the university’s Marshall School of Business, the university announced Tuesday.

L.A. Employers Plan to Increase Hiring in Third Quarter

Nearly one in four Los Angeles area employers plan to hire more workers during the third quarter, the best showing in several years, according to a survey released today from Manpower Inc.

Mayor Announces Veteran Hiring Program

Los Angeles Mayor Eric Garcetti announced Monday that more than 140 local employers have pledged to hire more than 10,000 veterans over the next three years.

Tease photo

City Tackles New Convention Center Without NFL

TOURISM: Council OKs remodeling plan as scoring football team seems unlikely.

City of Los Angeles looks to field an improved Convention Center as football stadium plans fade.

Tease photo

Bill Aims to Clean Up Grease Theft

REGULATION: State proposal looks to target slick operators.

State lawmaker looks to smooth the way for police to crack down on the theft of used kitchen grease.

Bill Aims to Clean Up Grease Theft

The theft of used kitchen grease might seem like an innocuous crime, but the thefts are causing large losses for sellers of biodiesel that depend on the waste to make fuel.

Tease photo

Incubator-Accelerator Nurses Medical Inventions

HEALTH CARE: Proa looks to fill niche by focusing on tweaks to existing products.

Incubator-accelerator Proa Medical offers a shot in the arm to those looking to improve existing devices.

Grocery Chain Says Workers Trying to Decertify Union

The owners of the El Super grocery chain said that even as some workers were on the picket line, others are trying to decertify the union.

L.A. Gets Federal Manufacturing Assistance

In a major victory for the region, Los Angeles on Wednesday was named as one of 12 metropolitan areas nationwide eligible for $1.3 billion in federal manufacturing assistance.

Convention Center Remodel Moves Ahead Without NFL

Los Angeles city officials on Tuesday moved forward with a plan to remodel the Convention Center without a long-planned football stadium.

In Presence of Bugatti Greatness

Local attorney and car enthusiast Tim Lappen recently scored the gig of a lifetime: test driving and reviewing a $2.5 million Bugatti roadster.

Tease photo

Port Talks Carry Baggage of 2002

shipping: Parties seem open to avoiding costly shutdown.

Analysts say terminal operators and union workers hope to avoid making waves during contract negotiations.

Tease photo

City Picks Up Business Pace

GOVERNMENT: Mayor pairs two permits to speed process.

City of L.A.’s small steps on permits could yield big time savings for commercial buildings and restaurants.

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.

L.A. Port Traffic Rises 10 Percent

Traffic at the ports of Los Angeles and Long Beach rose 10 percent in April compared with the same month last year, according to figures released Thursday.

BizFed Endorses Dunn for Long Beach Mayor

The Los Angeles County Business Federation on Monday announced its endorsement of businessman Damon Dunn for Long Beach mayor.

Oil Giant Not Broken Up Over Anti-Fracking Cities

ENERgy: CEO says Oxy will pursue oil projects in other parts of California.

Occidental Petroleum Corp. to make a clean break with anti-fracking communities and focus on other California sites.

Tease photo

Aquifer Owner Soaks Up Win

WATER: Judge rejects lawsuits against Cadiz’s desert project.

Plan for Cadiz’s desert aquifer looks ready to heat up after judge dismisses opponents’ challenges.

Teller Job Takes Future Into Account

Bank program offers high schoolers chance to check out business.

Bank program lets high school tellers open window on future careers.

BizFed Endorses Shriver for County Supervisor

The Los Angeles County Business Federation on Thursday joined other local business groups in backing Bobby Shriver for county supervisor in next month’s hotly contested primary election.

Survey: Local Companies Bullish on Business Conditions

Nearly two-thirds of local companies say business conditions are improving and 36 percent say they plan to add employees, according to an annual survey from the Los Angeles County Business Federation, or BizFed.

Occidental Will Not Challenge Fracking Bans

Occidental Petroleum Chief Executive Stephen Chazen told analysts Monday that the company’s new California spinoff will not drill in communities that oppose fracking.

Raise Voice

London-born Roxana Tynan had to bridge some cultural gaps while pushing living wage, union organizing.

London-born Roxana Tynan found her voice speaking up for laborers.

Fast Turnaround for Torrance?

AUTOMOTIVE: City looks to Carson in how to replace carmaker.

Nissan’s departure from Carson might offer a roadmap to recovery for Toyota-losing Torrance.

Newscaster Finds New Home in Real Estate

Talk about a career change: Longtime local TV newscaster Laurel Erickson, who used to do hard-hitting stories on housing developments, is now showing houses for a living.

Downtown Leaders Sounding Out Festival Plan

MUSIC: Businesses fear Labor Day weekend event will drive off customers.

Downtown L.A. leaders are questioning if a Labor Day weekend festival will work for businesses.

Businesses Fear Bill for Sick Days

GOVERNMENT: Employers say mandate would cost jobs.

Business owners and groups say a state proposal for three days of employee sick leave just won’t work.

L.A. Employers Added 19,000 Jobs in March

Employers in Los Angeles County added nearly 19,000 jobs in March, led by a rebound in local government services, according to state figures released Friday.

Disappointed by Test Results, Investors Flee Puma

BIOTECH: Sector selloff also a factor as shares of cancer drug maker plunge.

Puma shares take a drubbing as investors are spooked by test results and a sector sell-off.

Tease photo

In the Dumps

City zones may bury waste haulers

Waste haulers fear getting dumped by city of L.A.’s new franchise zone plan.

City Zones May Bury L.A. Waste Haulers

The city of L.A.’s plan to create franchised zones for commercial trash hauling promises to dramatically scramble a long-established market, creating winners and losers.

Commission Recommends Combining Ports, Regulating DWP

A commission of civic leaders on Wednesday recommended combining the ports of Los Angeles and Long Beach, creating a regional tourism authority and setting up an independent rate-setting body for the Los Angeles Department of Water & Power.

State Chamber Lists Job-Killer Bills

The California Chamber of Commerce released its annual list of “job killer” bills on Wednesday – and the current tally of 26 is fewer than in recent years.

Oil Field Losing Ground to Foes

energy: Urban site may close despite corrections by AllenCo.

Oil field operator fears unfounded fracking allegations could force it to shutter the urban site.

Los Angeles Lures Large Convention from San Diego

Los Angeles has snagged a major environmental convention from San Diego.

L.A. Council Passes Trash Franchise Program

The Los Angeles City Council on Tuesday approved a controversial program to turn commercial trash hauling in the city into an exclusive franchise system.

Tease photo

Spillover Feared in Fracking Ban

ENERGY: Industry sees city of L.A. proposal closing other wells.

Oil companies fear a city of L.A. proposal to halt fracking would spill over to other drilling practices.

Father, Son Mark 11th Diamond Anniversary

Ross Goldberg remembers what his father told him 11 years ago when he asked if he’d join him again on opening day at Dodger Stadium.

L.A. Chamber Endorses Shriver in Supes Race

The Los Angeles Area Chamber of Commerce on Thursday announced its endorsement of former Santa Monica councilman and Kennedy clan member Bobby Shriver for county supervisor.

Local Companies to Hire 10,000 L.A. Youths

Los Angeles Mayor Eric Garcetti announced Tuesday that Walt Disney Co. and other companies have pledged to hire 10,000 local youths for a summer jobs program, double the number hired last summer.

Tease photo

Businesses Still Battle Disability Suits

LAW: Plaintiff attorneys raise costs by going straight to filing.

Reform intended to curb abuse of the Americans With Disabilities Act has not stopped business owners from being sued multiple times for the same infraction.

New Chapter For Spiritual Bookstore

Owner says niche focus on mysticism may bring second site.

The spirit moved a former insurance attorney to open Mystic Journey Bookstore in Venice.

LA Unemployment Rate Falls

L.A.’s jobs picture continued to brighten in February as employers added nearly 28,000 jobs to their payrolls and the jobless rate fell to 8.7 percent, according to state figures released Friday.

Landlords Want to Toss Eviction Bill

POLITICS: Proposal would limit owners’ ability to sell properties.

L.A. landlords look to boot a proposed bill that would limit their ability to evict tenants.

Third Time the Charm for Ex-Robinsons-May Site?

Towers developer is the latest to try and scale the former Robinsons-May site.

Safety, Scenery Come to Fore in Golf Ball Fight

CONDOS: Tower builder, country club divided over super-high fence.

CONDOS: Neighboring project tees off on country club’s proposal for a super-high fence.

L.A. Unemployment Rate Drops, More Jobs in County

L.A.’s jobless rate dipped below 9 percent in January for the first time in nearly six years, according to state figures released Friday.

Golf-Ball Blocker Fence Too High?

A 166-foot-high fence to keep errant golf balls from flying off a golf course is at the center of a spat between the famed Los Angeles Country Club and developers looking to build two luxury condo towers on the old Robinsons-May site next door in Beverly Hills.