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CALIFORNIA | LOCAL
April 11, 2014 | By David Zahniser and Emily Alpert Reyes
Los Angeles City Councilman Jose Huizar and his attorney welcomed the completion of a confidential city investigation into sexual harassment claims against him, saying through a spokesman Friday that the findings supported their assertion that the allegations are "baseless. " The investigative firm Batza & Associates produced a report saying it did not find evidence to support former Huizar aide Francine Godoy's claim that the councilman engaged in discrimination, retaliation, harassment or the creation of a hostile work environment, according to a section of the report obtained by The Times.
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BUSINESS
April 10, 2014 | By Marc Lifsher
SACRAMENTO - Private space companies, such as SpaceX in Hawthorne, would get a local property tax break on launch vehicles, fuel, satellites and other gear under a bill approved overwhelmingly Thursday by the state Senate. The proposal, AB 777 by Assemblyman Al Muratsuchi (D-Torrance), would create the exemption from local property taxes for a 10-year period that would end Jan. 1, 2024. Legislation is needed to modernize the state's tax code to encourage companies such as billionaire Elon Musk's SpaceX to build their rockets and spacecraft in California, Muratsuchi said.
BUSINESS
April 9, 2014 | By Ricardo Lopez
Manischewitz, the largest maker of matzo and other kosher foods, has been sold to Sankaty Advisors, a division of Bain Capital LLC, for an undisclosed amount, the two firms said Tuesday.  The premium kosher foods company, founded in 1888, is the No. 1 baker of matzo and produces other baked goods, pastas and gefilte fish under brands that include Manischewitz, Mishpacha and Guiltless Gourmet. "This transaction will allow Manischewitz to continue its storied tradition of producing the highest quality kosher products...
ENTERTAINMENT
April 9, 2014 | By Richard Verrier
Before filming a massive battle on a freeway overpass in Cleveland, directors of Marvel Entertainment's recent release "Captain America: The Winter Soldier" didn't leave anything to chance. So Anthony and Joe Russo staged a kind of digital dress rehearsal for the scene, planning the entire action sequence - including the position of stunt performers, the placement of explosive squibs and the types of camera lenses that would be used - on a computer screen. They did so with the help of Proof Inc., a Los Angeles company that specializes in a process known as previsualization.
BUSINESS
April 7, 2014 | By Ricardo Lopez
Irish pharmaceutical company Mallinckrodt will pay $5.6 billion in cash and stock for Anaheim-based Questcor Pharmaceuticals Inc., a fast-growing bio-pharmaceutical firm that specializes in treating multiple sclerosis, the companies announced Monday. Under the terms of the deal, Questcor shareholders will be paid $30 a share in cash and 0.897 of a share of Mallinckrodt stock for each share of Questcor common stock they own.  If the deal is approved, Mallinckrodt shareholders will own nearly 51% of the combined company; former Questcor shareholders will own the remaining stake.  The merger "will substantially increase the scale, diversification, cash flow and profitability of our business," said Mark Trudeau, Mallinckrodt's chief executive.
BUSINESS
April 7, 2014 | By Ricardo Lopez
Irish pharmaceutical giant Mallinckrodt Pharmaceuticals said it will pay $5.6 billion in cash and stock for a fast-growing Anaheim bio-pharmaceutical firm that specializes in treating multiple sclerosis, the companies announced Monday. The deal for Questcor Pharmaceuticals Inc. would give Mallinckrodt drugs that primarily treat chronic autoimmune and inflammatory disorders. Questcor's Acthar Gel, used in the treatment of multiple sclerosis, accounts for most of the company's sales.
BUSINESS
April 3, 2014 | By Andrew Khouri
In a deal that underscores a Chinese home-buying spree, real estate website Zillow Inc. said it will partner with a Beijing firm to market U.S. homes in China. The Seattle company said this week that it has joined forces with real estate website Leju, an affiliate of E-House China Holdings Ltd. The companies plan to launch a co-branded website this summer to offer Zillow's national home listings, data and more in Chinese. "Brokers and agents with listings on Zillow are now able to reach Chinese home shoppers who are ready to invest in the U.S. market, with no additional cost or effort,” Errol Samuelson, chief industry development officer for Zillow, said in a statement.
CALIFORNIA | LOCAL
April 3, 2014 | By Louis Sahagun
The U.S. Justice Department on Thursday announced that Anadarko Petroleum Corp. had agreed to pay $5.15 billion to clean up hazardous substances dumped nationwide - including radioactive uranium waste across the Navajo Nation - in the largest settlement ever for environmental contamination. The operations of Kerr-McGee Corp. - which was acquired by Anadarko in 2006 - also left behind radioactive thorium in Chicago and West Chicago, Ill.; creosote waste in the Northeast, the Midwest and the South; and perchlorate waste in Nevada, according to U.S. Deputy Atty.
CALIFORNIA | LOCAL
April 2, 2014 | Jessica Garrison and Jill Cowan
A metal-finishing facility in Newport Beach poses an "unacceptably high" cancer risk to its neighbors and should curtail its emissions as soon as possible, state air quality officials said Tuesday. The South Coast Air Quality Management District said it would ask its independent hearing board to order Hixson Metal Finishing to reduce its emissions of chromium 6 "on an expedited schedule. " The plant is next to an apartment building in a neighborhood with a mix of homes and businesses near the border with Costa Mesa.
NATIONAL
March 31, 2014 | By Matt Pearce
The owner of a natural gas facility downplayed the danger to residents after an explosion at the facility injured four people and forced the evacuation of a small town in southern Washington on Monday morning. The processing facility is owned by Northwest Pipeline, a subsidiary of Williams Partners, a Tulsa, Okla.-based energy company. The facility is located 2 1/2 miles west of Plymouth, whose 300 to 400 residents were ordered to evacuate after the 8:20 a.m. blast. The company was investigating the cause of the explosion.
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