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Jimmy Fallon during his debut Monday as host of NBC's The Tonight Show.
Happy Tuesday! Here's a daily round up of interesting business stories. Every day, KPCC compiles this list.
Boeing has picked Everett, Washington as the site to make the wings for the 777X, The Seattle Times reports. Last month, Boeing's unionized workers in Washington voted to keep 777X production in the state, even though the union said the contract cut benefits. During a nationwide search last year, many locales had lobbied to get the 777X work, including Long Beach. Boeing plans to close an military cargo plane assembly plant in Long Beach by 2015, which will impact 2,000 Southern California workers.
Port of Long Beach and executive search firm ink pact. The Long Beach Press-Telegram reports that the Board of Harbor Commissioners approved a $127,000 contract to Boyden Global Executive Search. The firm is tasked with finding a new executive director after Christopher Lytle left to work for the Port of Oakland last year, the Press-Telegram reports.
Lucy Nicholson/Reuters /Landov
The transportation app Uber matches ride-seekers with drivers. Uber says it will expand to more Chinese cities next week.
Happy Valentine's Day! Here's a daily round up of interesting business stories. Every day, KPCC compiles this awesome list.
Is KCET going bankrupt? The LA Weekly reports that the public television station, now known as KCETLink has lost $12.5 million last year. KCETLink Al Jerome spoke to KPCC in January, saying that the station lost ad revenue after it ended its relationship with PBS. He said the station's business was improving this fiscal year. KCETLink had landed a $1 million one-year grant for its nightly news show SoCal Connected. We'll be monitoring this issue.
In other media news, A.H. Belo Corp., the parent company of the Dallas Morning News, reported that digital ad revenues increased 7 percent in the fourth quarter, according to NetNewsCheck. The increase was in part due to the Dallas Morning News' involvement with 508 Digital and Speakeasy. Speakeasy provides sponsored content--when businesses pay for articles that will appear on the Morning News' GuideLive, entertainment website. Sponsored content has raised some eyebrows among journalists, including investigative journalism website ProPublica's president.
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NEW YORK, NY - FEBRUARY 13: A man carries a shopping bag in a Uniqlo store in Manhattan on February 13, 2013 in New York City. Uniqlo will be opening its first Southern California stores this fall.
Japanese retailer Uniqlo will open stores in Southern California malls for the first time this fall.
The new locations will be in South Coast Plaza in Costa Mesa and the Beverly Center in L.A., both malls confirmed to KPCC on Thursday.
Uniqlo is known for its affordable, stylish clothes. Short sleeve t-shirts, for example, are listed on the company's website with a pricetag of about $13. The retailer opened in 1984 and is operated by Japanese company Fast Retailing and has grown to more than 1,300 stores worldwide in 14 markets.
Uniqlo said its global sales were roughly $11.6 billion for its 2013 fiscal year ending Aug. 31 and says its parent company, Fast Retailing, is the world's fourth largest retail apparel company.
"Uniqlo is a globally recognized fashion brand that will resonate well with our shoppers both locally and from around the world," said Debra Gunn Downing, executive director of marketing for South Coast Plaza.
Comcast is the largest cable company and home Internet service provider in the United States.
Here's a daily round up of interesting business stories in the region. Every day, KPCC compiles this list for your reading.
The big news is Comcast's plan to purchase Time Warner Cable for $45 billion. But what does this mean for Hollywood? Deadline explores how the deal could impact various levels of entertainment, including streaming video.
One of the big issues affecting this space is net neutrality. Should internet service providers demand fees from companies that provide streaming video services? Last month, two Netflix executives said they would "vigorously protest" that.
Deadline reports that how Comcast proceeds on this issue could be a spoiler for Netflix.
Retail sales nationwide declined in January due to the really cold weather, according to Reuters.
But that hasn't affected sales at San Bernardino-based grocery chain Stater Bros. Markets. The Press-Enterprise reports that Stater Bros. had its best sales day on Christmas Eve in the store's 78 years in business. The Stater Bros., which has 167 Southern California stores, had $3.9 billion in sales in 2013, according to the Press-Enterprise.
Since opening less than three months ago in Hancock Park, the French-inspired bistro and bakery, Republique has been packed every night. It’s been called the city’s hottest new restaurant, but it also might be the most controversial, because of a three-percent surcharge that’s added to every tab to pay for workers’ health care.
“It’s a little odd,” said Jessica Leblanc, who was eating pastries at Republique on a recent morning. “I’m kind of stunned. I don’t know how I feel about it.”
“I was very surprised,” said a customer sitting nearby, sipping a latte. (She asked not to be identified) “Quite honestly, I had an immediate reaction that was not positive.”
On Yelp, online reviewers have been less kind, calling the surcharge “obnoxious” and “tacky.”
“It is not MY responsibility to take care of YOUR employee's health care. That is YOUR job,” wrote one reviewer, continuing, "I will not be returning because of the 3% charge." Another simply asked, “Are they crazy?”