Los Angeles Business Journal

L.A. Port Traffic Rises

Traffic at the Port of Los Angeles surged 34 percent in March compared with the same month last year.

Long Beach Port Traffic Falls

Traffic at the Port of Long Beach declined 1.9 percent in March compared with the same month last year, according to figures released Tuesday.

Duo Looks to Lock In New Cold-Storage Facility

FOOD: $75 million venture aims to handle imports, exports through Long Beach.

Construction of a $75 million, 250,000-square-foot cold-storage facility in Long Beach began last month.

E-Commerce Site Sold on Future in Tech Incubation

INTERNET: Clearance.co in reverse merger with Miami shell company.

Executives’ connection leads to e-commerce site Clearance.co’s union with Development Capital Group.

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Security System Maker Risks Taking on Big Guys

MANUFACTURING: Smaller player Astrophysics aims to expands sales by 50 percent.

Astrophysics battles bigger rivals to lock down a piece of the security screening market.

Case Maker Handles Sales Surge From Biopharma

MANUFACTURING: Recent U.K. acquisition expands Pelican’s presence in sector.

Case maker Pelican secures new markets as its government business ebbs.

All-Electric Satellite Project Builds Positive Buzz

AEROSPACE: Boeing says deals came quickly for its more efficient products.

Boeing Co. announced last week that it has completed the primary structures of the world’s first pair of all-electric satellites, which are expected to be delivered late this year or early next.

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.

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Water Purification Business Cleans Up in Pickup

TECHNOLOGY: NanoH2O bought for $200 million by South Korea’s LG Chem.

NanoH2O’s sea water desalinization process makes a splash with South Korea’s LG Chem.

Traffic Down at Port of Long Beach

Traffic at the Port of Long Beach declined 2.6 percent in February compared with the same month last year, according to figures released Tuesday.

L.A. Port Traffic Slumps

Traffic at the Port of Los Angeles declined 8.9 percent in February compared with the same month last year.

Container Business Locks Up Pair of Acquisitions

STORAGE: General Finance bets on Texas pair to boost work in gas and oil sector.

STORAGE: Container business General Finance looks to secure work in the oil and gas sector with Texas pickups.

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Build Boom

Influx of Asians driving San Gabriel development

San Gabriel’s booming tourism gives birth to developments.

Space Exploration Lifts Aerospace Parts Maker

mANUFACTURING: Facility expansion to help Keystone land private-sector ventures.

MANUFACTURING: Keystone Engineering plans to expand facilities as private space exploration takes off.

Search Underway for New Port of L.A. Director

Mayor Eric Garcetti said today he had launched a global search to fill the executive director position at the Port of Los Angeles.

Surprise Proposal at Recovery Site

A few weeks ago, Ray Adamyk, 52, hosted a ribbon-cutting ceremony for a historic home in La Verne that his Pomona company, Spectra Co., worked to renovate and restore.

Image of Scanner Maker Improves With Investors

MANUFACTURING: Shares of OSI Systems rise as loss of contract downplayed.

MANUFACTURING – OSI Systems looks good to investors as the scanner maker rebounds from the loss of a government contract.

Logistics Company Continues Down Growth Path

ACQUISITION: Allen Lund picks up Northern Freight for sixth deal in 16 months.

Third-party transportation broker Allen Lund Co. said it acquired Northern Freight Services of Middleton, Wis., last month, the latest move in the La Canada Flintridge company’s ongoing expansion effort.

January Traffic Declines at Port of Long Beach

Traffic at the Port of Long Beach declined 1.4 percent in January compared with the same month last year, according to figures released Tuesday.

Fishery Tenant Surfaces To Take L.A. Port Space

FISHING: Squid processor inks deal for three empty Fish Harbor buildings.

FISHING: Port of Los Angeles reels in a squid processing tenant for some of its languishing Fish Harbor buildings.

Overseas Factory Out Of Fashion

Reformation owner brings work home to L.A. from China.

FASHION: Reformation makes a clean break with China factory to make eco-conscious apparel in Los Angeles.

L.A. Port Traffic Rises

Traffic at the Port of Los Angeles increased 2.5 percent in January compared with the same month last year, according to figures released Friday.

Port Truckers in Drive to Run ’Round the Clock

SHIPPING: Plan to reduce traffic dismissed as too costly by terminal operators.

SHIPPING: Trucking companies try to get ports on board with traffic-easing plan to keep terminals open 24 hours.

Packaging Maker Taps Into Beer, Wine Business

MANUFACTURING: Plastic kegs by Rehrig Pacific can be rented, cleaned and reused.

MANUFACTURING: Plastic packaging maker Rehrig Pacific rolls out rentable, reusable kegs for wine and beer businesses.

Tire Maker Treads Lightly Into Factory in SoCal

AUTOMOTIVE: Coker picks Industry despite county, state costs of doing business.

Coker Tire Co., a Chattanooga, Tenn., maker of vintage-style tires and wheels, consolidated its manufacturing operations in City of Industry with the opening last month of an 80,000-square-foot factory that will also serve as its West Coast distribution center.

Aecom Reports Strong First Quarter Earnings

Downtown L.A. engineering and technical services firm Aecom Technology Corp. Tuesday reported better-than-expected earnings for its first fiscal quarter, ended Dec. 31.

Restaurateur Raises Glass to Sinatra Select

Alessandro Uzielli has been a fan of La Dolce Vita for years. In fact, he dines at the Italian restaurant in Beverly Hills three or four days a week.

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Tipping Scale

TRANSPORTATION: Dependable Cos. loads up on overweight trucking business through another acquisition.

Logistics business Dependable Cos. goes heavy into overweight trucking with its latest acquisition.

El Segundo Spurs Office Market While Industrial Space Stays Tight

The South Bay office market, led by accelerated demand in El Segundo, improved quite a bit in the fourth quarter, while the already tight industrial market remained flat.

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Kombucha Craze Has Soda Firm Ready to Pop

Beverages: Sales of Asian tea drink projected to double; Reed’s may attract buyout.

Reed’s Inc. has been riding the wave of the kombucha craze. But that means bigger drinkmakers might want to swallow it up.-

December Activity Higher at Ports

Cargo volume at the Port of Los Angeles increased 11 percent in December over the year earlier, while the Port of Long Beach saw a less significant increase of 4 percent.

Radar Company Has Overseas Customers in Sights

Defense: $76 million deal with Polish military latest Euro contract for Exelis.

Reflecting the need to find new revenue streams amid ongoing domestic budget cuts, the Van Nuys division of defense contractor Exelis Inc. last week announced that it had secured a $76 million contract with the Polish military.

Energy Company Dives Into Aquaculture

Technology: OriginOil’s water treatment process may point way to profit.

OriginOil has stepped away from energy to wade into aquaculture with its water treatment process.

Orders for Aircraft Parts Give Manufacturer Lift

Aerospace: Analysts see Ducommun shares rising to appropriate height.

Aerospace – Ducommun shares climb in what some analysts see as a bounce-back from too steep of a dip.

Long Beach Port Traffic Rises

Cargo volume at the Port of Long Beach climbed 2.5 percent in November, compared to the same month last year, according to figures released Monday.

Healthy Jump in L.A. Port Activity

Traffic at the Port of Los Angeles increased 17 percent in November compared to the same month last year, according to figures released Monday.

Brokerage Builds Bridges Overseas

Real Estate: MSM opens China office to court homebuyers.

Real Estate: MSM Luxury Estates has homed in on Hangzhou to line up Chinese buyers for pricey L.A. residences.

‘Fire’ Producer Catching Nothing but Stock Flak

Film: Lions Gate shares fall despite sequel piling up dough at box office.

Film: Shares fall for “Hunger Games” producer Lions Gate despite “Catching Fire” sequel’s heat at box office.

JM Eagle Threatens Suit Against Lawyers in Whistleblower Case

Los Angeles plastic pipe maker JM Eagle Manufacturing Co. has accused lawyers in a successful whistleblower case against it of making false and defamatory statements after a jury returned a verdict against the company and its former parent company, Formosa Plastics Corp. USA.

Raw Opportunity For Sushi Chef

Dining: Hiroyuki Naruke hopes to scale L.A.’s sushi scene after tsunami fallout hurt business at his Tokyo restaurant.

Finding Way

Logistics: Lane-clogging events such as the Rose Parade and transporting the space shuttle drive business for Traffic Management.

Logistics: Lane-closing events such as the Rose Parade have put traffic manager TMI on the road to success.

Typhoon Hits Close To Home

Firm with Manila office pitches in to raise funds for Philippines

Philanthropy: Bryce Maddock raises funds for typhoon-hit Philippines, where his outsourcing company has offices.

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Gear Shift

TRANSPORTATION: Camp operator now trafficks in buses as Westside congestion forces parents, schools to seek alternatives

Westside traffic drove summer camp operator Erin Benfield to open a school busing business.

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Caps Raised

MANUFACTURING: Industrial Dynamics brings in private equity firm to help fund expansion of its bottle inspection systems.

Bottle inspection company Industrial Dynamics aims to pull out all the stoppers as it moves into foreign markets

Jet Contract Looks Like a Long Shot for Long Beach

Labor: Long Beach kicks in lobbying effort for Boeing production, but without much hope.

Healthy Quarter Drives Car Parts Company’s Stock

Automotive: Debt deal also provides lift for shares of Motorcar Parts.

Automotive: Strong quarter and debt refinancing revs up investor interest in stock of Motorcar Parts of America

Port Traffic Falls in L.A., Rises in Long Beach

Cargo volume at the Port of Los Angeles slipped in October and Long Beach traffic was up in October compared with last year, the two ports announced Friday.