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CRC's Loss Widens, Revenue Grows

California Resources Corp. reported mixed second-quarter results, falling short of analysts’ expectations on a widened net loss while surpassing them on revenue.

SoCalGas Resumes Operations at Aliso Canyon

Southern California Gas Co. has resumed limited operations at its Aliso Canyon natural gas storage facility in Porter Ranch, the site of a massive methane leak in 2015 that forced more than 8,000 residents from their homes.

BYD Lands $48 Million Metro Contract

The board of the Los Angeles County Metropolitan Transportation Authority awarded a contract Thursday to BYD Motors Inc. to build 60 all-electric buses at its factory in Lancaster.

CRC Gains 14 Percent on Higher Oil Prices

California Resources Corp. stock rose more than 14 percent Tuesday, spurred by higher oil prices and lower U.S. reserves.

Squar Milner Acquires Woodland Hills Accounting Firm

Squar Milner LLP announced Tuesday its acquisition of Sobelman Cohen Moss & Associates in Woodland Hills.

Nestle Invests in Subscription Meal Service

The U.S. arm of Nestle has acquired a minority stake in Freshly Inc., a subscription meal service startup in New York.

Nestle May Sell U.S. Candy Operations

Nestle is considering a sale of its U.S. candy business, the Swiss-based conglomerate with U.S. headquarters in Glendale announced Thursday.

Cal State Business School Receives Accreditation

The Martin V. Smith School of Business and Economics at California State University – Channel Islands in Camarillo has received national accreditation from an independent organization.

Palmdale Inn Enters Receivership

The Palmdale Inn has been placed under the control of a receiver following a ruling by the Los Angeles Superior Court, officials announced late Monday afternoon.

B. Riley to Acquire Wunderlich Securities

B. Riley Financial Inc. announced Thursday that it will acquire Memphis, Tenn.-based Wunderlich Securities in a deal valued at $67 million.

City Files Charges Against Sun Valley Recycler

The owners of a Sun Valley scrap metal recycler have been charged by the Los Angeles City Attorney for allegedly failing to properly store and dispose of hazardous waste.

BlackLine Narrows Losses

BlackLine Inc. beat Wall Street estimates on earnings and revenue in the first quarter, even though the company lost money.

On Assignment Climbs 8 Percent on Strong Quarter

On Assignment released first-quarter results that sent its stock up 8.5 percent Thursday.

Dole Files to Go Public

Dole Food Co. Inc. filed on Tuesday with the Securities and Exchange Commission to sell shares of its common stock to the public.

California Resources Partnership to Drill Wells

California Resources Corp., the state’s largest oil and gas producer, has announced a second partnership to develop its existing oil and gas wells in the state.

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