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Hyundai Motor America said it will pay a $17.4 million civil penalty and comply with the National Highway Traffic Safety Administration’s oversight requirements for failing to report in a timely manner a braking system defect that affected Hyundai Genesis vehicle model years 2009 to 2012.August 8, 2014 10 a.m. Share
Oakley Inc. in Foothill Ranch has eliminated its “office of the CEO” and laid off more than 150 workers as part of an “integration process” with Italy-based parent Luxottica Group S.p.A.
Allergan PLC said today that it will sell its generic drug business for $40.5 billion in cash and stock to Teva Pharmaceutical Industries Ltd.
Irvine-based Vizio Inc. has filed a registration statement with the Securities and Exchange Commission to raise up to $172.5 million in an initial public offering.
Cypress-based Mitsubishi Motors North America Inc. said it plans to end production here.
Stand-up paddle board maker Jimmy Styks LLC in Huntington Beach was acquired by Clearfield, Utah-based Vista Outdoor Inc. in a $40 million, all-cash deal.
Santa Ana-based QuantumSphere Inc. said it had completed a manufacturing facility in Santa Ana.
Aliso Viejo-based chipmaker Microsemi Corp. reported revenue for the June quarter that beat Wall Street expectations and adjusted profits in line with estimates.
Newport Beach-based Alliant Insurance Services Inc. has acquired an agency in Lodi that specializes in agribusiness insurance. Terms of the deal weren’t disclosed.
Anaheim-based Scenario Virtual Project Delivery was acquired by Plantation, Florida-based e-Builder Inc. on undisclosed terms.
Kaiser Aluminum Corp. beat Wall Street expectations on second-quarter revenue and income, sending shares up about 6% in midday trading Wednesday to a $1.5 billion market cap.
TECHNOLOGY: Google latest backer for security software maker
Irvine-based security software maker CrowdStrike Inc. aims to embark on an international expansion plan after securing one of the biggest venture capital rounds in Orange County history last week.
The National Toy Hall of Fame has turned its attention to video games, including the title that made Irvine-based Blizzard Entertainment Inc. famous.
One Source Industries LLC, an Irvine-based provider of point-of-purchase displays, product packaging, and global promotional programs, plans to open a 25,000-square-foot production facility in San Pedro.
St. Joseph Hoag Health will open a wellness center at the Irvine headquarters of storage products maker Western Digital Corp. this month.
Discuss Buys, Cite Benefits From Combos
Allergan PLC has been building up its Irvine-focused business lines through deals and is sharing its thoughts on the company with Wall Street.