Good morning and welcome to KPCC's business blog, the Breakdown. Every weekday, we compile a list of interesting business stories in the Southern California region.
- Irwindale gives Sriracha matter time to cool off. The Irwindale City Council put off a vote Wednesday night to adopt a resolution declaring the Sriracha sauce factory a public nuisance. Sriracha supporters showed up to protest the resolution, and the Irwindale City Attorney is trying to reach a settlement with Sriracha-maker Huy Fong Foods. (KPCC) David Tran, the owner of Huy Fong, has said he's considering moving the factory.
- Maker Studios keeps making moves. While waiting to be acquired by Disney for as much as $1 billion, the Culver City-based Web video maker and YouTube channel operator is partnering with Jukin Media, a licensing platform for viral video clips. Maker will manage the Los Angeles-based Jukin's YouTube channels. (Deadline Hollywood, The Wrap)
- The Robinsons-May site in Beverly Hills is for sale... again. Multiple owners have struggled to bring condominiums to the site of the upscale department store. The Los Angeles Times calls it "one of the most desirable pieces of real estate in the country."
- Los Angeles-area postal workers join nationwide protest. Postal workers angry about the opening of postal counters in Staples stores planned to protest Thursday outside 50 locations in 27 states, including one in downtown L.A. The union representing the workers says opening counters at Staples could lead to layoffs and post office closings. (KPCC)
- Boeing arbitration award brings money to some workers. Nearly 500 current and former engineers and technical workers will share in a $47 million arbitration award from Boeing. It's the end of a 14-year legal battle with Boeing over whether some workers were represented by the Society of Professional Engineering Employees in Aerospace union. The Long Beach Press-Telegram reports that the workers will receive an average of $97,000 for work at Edwards Air Force Base or at a Boeing facility in Palmdale from 2001 to the present.
- 10 things that are changing at LAX, including airport Apple Store. The world's sixth busiest airport's decor is becoming less 'terminal' and its food offerings are getting better. It will also be home to the world's first airport-based Apple Store. (Orange County Register)
- Ride-sharing service Lyft cuts fare prices 10 percent as it launches its service in 24 more cities. (LA Times)