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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
Incipio LLC, an Irvine-based maker of cell phone cases and other mobile device accessories, said on Friday it will acquire Skullcandy Inc. for $177 million.
Verizon Communications Inc. will buy Aliso Viejo-based Telogis Inc. on undisclosed terms.
Irvine-based data management software maker Vision Solutions Inc. has been sold to private equity firm Clearlake Capital Group L.P. in Santa Monica.
Karma Automotive LLC, the Costa Mesa-based manufacturer of luxury electric hybrid plug-in vehicles, hired Dennis Dougherty as president and chief operations officer, a new position.
Fountain Valley-based MemorialCare Health System said today it would work with Boeing Co. to create a customized health plan for the aerospace company’s employees and dependents in Orange County, Long Beach and the South Bay area of Los Angeles County.
Australia-based SurfStitch Group Ltd. said it plans to eliminate 40 positions at Irvine-based subsidiary SurfStitch USA Inc.
The bankruptcy auction for assets of Pacific Sunwear of California Inc. in Anaheim has been canceled, with San Francisco-based private equity firm Golden Gate Capital now set to acquire all of the retailer’s assets.
Former Broadcom Corp. executive Robert Rango has been named chief executive of Irvine-based battery maker Enevate Corp.
Shares of Aliso Viejo-based networking equipment maker QLogic Corp. rose 10% after the company said it would be acquired for about $1 billion by Silicon Valley chipmaker Cavium Inc.
The Samueli Foundation in Corona del Mar has given $10 million to the Henry Samueli School of Engineering and Applied Sciences at University of California-Los Angeles.
Aliso Viejo-based Sequent Medical Inc. has been acquired for $280 million by Japan’s Terumo Corp.
Fountain Valley-based United Sports Brands’ Shock Doctor has been named the official mouthguard of the National Basketball Association, Women’s National Basketball Association, NBA Development League and USA Basketball.
TECHNOLOGY: Education push includes augmented reality
Irvine-based software maker EON Reality Inc. hopes to keep its growth up by bringing virtual and augmented reality content to the masses through an aggressive international plan centered on education and awareness.
Arbonne International LLC in Irvine said it expanded its skincare, cosmetics and nutrition business to New Zealand as “a natural extension of our growth and success with Arbonne Australia,” Chief Executive Kay Zanotti said in a statement.
Irvine-based N2 Imaging Systems LLC was awarded a five-year, $81 million Defense Department contract to develop and manufacture sniper scopes.