Irvine Co. will make a pitch to put Amazon’s second headquarters in Orange County

Orange County’s Irvine Co. said Friday that it plans to bid for Amazon.com’s second headquarters, which Amazon says will employ up to 50,000 people.

Privately held Irvine Co. said it would work with the city of Irvine, a master-planned community developed by the company, to “submit a responsive…

L.A. Times – Business

Irma Prompts Largest Ever Evacuation of Miami-Dade County

“If you live in any evacuation zones and you’re still at home, LEAVE!” the AP quotes Florida Gov. Rick Scott as saying. “We can’t save you once the storm hits.” With Hurricane Irma continuing its path toward Florida, Miami-Dade County expanded evacuation orders Thursday to incorporate areas further inland, the…
Newser

Orange County money manager asks Trump to pardon ‘junk bond king’ Michael Milken

Calling former junk-bond magnate Michael Milken a victim of prosecutorial overreach and “class envy run amok,” a Newport Beach money manager has asked President Trump to pardon the former L.A. financier.

In a letter sent to Trump this week, David Bahnsen argued that Milken did not commit any crime…

L.A. Times – Business

New L.A. County Fair CEO hopes to draw a young crowd with music, food and a Latino flair

Months before Miguel Santana began his new job as the president and chief executive of the Los Angeles County Fair Assn., he asked his four daughters, ages 19 to 29, to visit the fair with him.

They all rejected the offer, saying basically: Been there, done that.

Santana, who until recently was Los…

L.A. Times – Business

Orange County employee pension fund alleges big banks are costing retirees money

Three major public pension funds, including the Orange County Employees Retirement System, have sued a half-dozen Wall Street banks, alleging they illegally conspired to control a corner of the stock market, leading to higher charges for the funds and thus less money for retirees.

In a lawsuit…

L.A. Times – Business

Struggling L.A. County cities are hoping to cash in on California’s relaxed marijuana laws — and facing push back

As California braces for the impact of relaxed marijuana laws that allow recreational use for adults, several small, financially strapped cities in southeast Los Angeles County and elsewhere are at the forefront of efforts to seize business opportunities — despite pushback from some residents.

…
L.A. Times – Business

Konica Minolta acquires Orange County firm Ambry Genetics in deal valued at up to $1 billion

A subsidiary of Japanese office equipment manufacturer Konica Minolta Inc. will acquire Aliso Viejo-based genetic testing firm Ambry Genetics Corp. in a deal valued at up to $ 1 billion, according to a statement released by the two companies Thursday.

Konica Minolta said the acquisition will allow…

L.A. Times – Business

‘Real Housewives of Orange County’ Star Kelly Dodd in Violent Fight on 4th

Kelly Dodd’s 4th of July got real when she got into a fight with a guy who she says tried stealing from her. The ‘Real Housewives of Orange County’ star tells TMZ she was partying with some girlfriends at Descanso Beach Club on Catalina Island,…

TMZ.com

LA County Cops Fire at Pit Bull, Kill Teenager

A 17-year-old in Palmdale, Calif. was shot dead early Thursday after he tried to stop somebody else’s pit bull from attacking police officers. Los Angeles County officials say Armando Garcia-Muro was hit by a “skip round” that ricocheted off the ground when deputies fired at the charging animal, the Los…
Newser

L.A. County median home price breaks record set during last decade’s housing boom

In summer 2007, the Los Angeles County median home price hit an all-time high of $ 550,000. It soon plunged as the housing bubble burst and the national economy crashed.

Now the median, the point where half the homes sold for more and half for less, has finally passed the heights of 10 years ago…

L.A. Times – Business