Los Angeles is the second-largest city in the country, surpassed only by New York City. L.A. is in the Southern region of the state and is widely known for being the heart of the American entertainment industry. The city has a sprawling metropolis and contains a great deal of ethnic diversity. Sometimes referred to as the City of Angels, L.A. was ranked sixth in the Global Cities Index. In addition to entertainment, the city is also a hub for fashion, sports, technology, medicine, education and research. One of the most well-known areas in Los Angeles is Hollywood, the leading producer in the creation of television, motion pictures, and recorded music.
Los Angeles is home to six Fortune 500 Companies, which include Occidental Petroleum Corporation, Health Net Inc., Reliance Steel & Aluminum Co., AECOM Technological Corporation, Oaktree Capital Group, LLC, and CBRE Group, Inc. The economy runs on international trade, entertainment, aerospace, technology, and petroleum. Los Angeles is the home to three of the six major film studios: Paramount Pictures, 20th Century Fox, and Universal Pictures. In the western United States, L.A. is the largest manufacturing center. The ports of Los Angeles and Long Beach make up for the fifth-busiest port areas in the entire world.