Frederic Scheer employed 70 people making plastic resins from plant starches in suburban Los Angeles until he calculated in 2010 that he could save $600,000 a year by moving Cereplast Inc. to the middle of Indiana.
Billionaire Stephen Ross’s Related Cos. new project in the sleepy end of downtown Los Angeles is designed to invigorate Grand Avenue the way its Time Warner Center helped energize New York’s Columbus Circle.
The National Transportation Safety Board is investigating a crash that killed 10 people yesterday when a FedEx Corp. truck slammed into a bus carrying more than 40 high school students in Orland, California.
Bloomberg BNA — The Senate Committee on Natural Resources and Water Quality advanced measures April 8 seeking to impose a moratorium on hydraulic fracturing activities at oil and gas fields in California and to update the state's oil spill response program to address the risks of importing crude oil by rail.
Maria Sharapova is expanding the business holdings that have made a four-time tennis Grand Slam champion into the world’s highest-paid female athlete, joining sunscreen maker Supergoop! as an equity owner.