Orange County Business Journal

MANUFACTURING

Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...

Hyundai to Pay Penalty for Failing to Report Defect

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.

By Mediha DiMartino August 8, 2014 10 a.m.   Share
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Western Digital Beats Expectations

Irvine-based storage products maker Western Digital Corp. after the close of trading today reported revenue and adjusted profits for the December quarter that beat Wall Street expectations.

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OC Auto Sales Up 6.8% in 2014

Auto sales rose 6.8% in Orange County last year, and are expected to increase 4.1% this year, according to the Orange County Automobile Dealers Association.

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USGI Medical Gets $19.5M

San Clemente-based USGI Medical Inc. has raised more than $19.5 million from equity and debt investors.

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Allergan Sets Meeting on Actavis Deal

Irvine-based Allergan Inc. has set a March 10 special meeting to get shareholder approval of its acquisition by Actavis PLC in a cash-and-stock deal currently valued at about $70 billion.

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Mitsubishi Plans Spanish-Language Ad for Super Bowl

Cypress-based Mitsubishi Motors North America Inc. said it plans to advertise during NBC Universo’s Spanish-language telecast of the Super Bowl on Feb. 1.

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NextVR Broadcasts Live Event

NextVR Inc. in Laguna Beach said it conducted the “first ever live, broadcast-quality transmission of a virtual reality experience” over the weekend.

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Kia Recalls Forte Sedans

Irvine-based Kia Motors America Inc. has recalled 86,880 of its Forte sedans due to an increased risk of fire, according to National Highway Traffic Safety Administration.

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El Pollo Loco a Takeover Target?

Costa Mesa-based El Pollo Loco Holdings Inc. has been mentioned as a possible takeover target after news reports that a Philippines-based restaurant company is shopping for a U.S.-based regional fast food chain worth at least $1 billion.

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Microsemi Earnings In-line Q1, Tempers Q2 Outlook

Aliso Viejo-based chipmaker Microsemi Corp. reported revenue and adjusted profits for the December quarter in line with Wall Street with estimates but provided a sales outlook for the current quarter below Wall Street expectations.

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Alliant in $300M Deal to Buy QBE Units

Newport Beach-based Alliant Insurance Services Inc. has agreed to pay about $300 million to acquire QBE US Agencies, the U.S. operations of Sydney, Australia-based QBE Insurance Group Ltd.

LB Energy Drink Now Amway Product

FOOD: Buys XS Energy to draw young entrepreneurs

A Laguna Beach-based energy drink maker with $150 million in sales was sold Jan. 9 to Ada, Mich.-based Amway Corp., its exclusive distributor, the two companies said.

Incipio in Deal With Snowboard Firm

Incipio Technologies Inc. in Irvine said it signed a multiyear licensing deal with Burton Snowboards to manage the manufacturing and distribution of accessories for various mobile devices for the Burlington, Vt.-based company.

Edwards Reaches to Roots for Engineer Training

U. of Oregon Partnership Helps Teach Engineers

Irvine-based Edwards Lifesciences Corp., maker of replacement heart valves and other cardiovascular devices, is working with the Oregon Health & Science University in Portland, Ore., on a technical training program.

Apparel Brands Unveil 2015 Marketing Agendas

2 Silos for Element as Women’s Line Grows

Several Orange County apparel brands in attendance at the Agenda trade show in Long Beach this month shared news from their marketing departments:

TVs Scarce at CES as Other Products Take Spotlight

No Toshiba Tube Launch, Vizio Doesn’t Even Show

Two notable trends at this year’s International CES convention in Las Vegas may provide a glimpse into the quickly changing habits and demands of consumers.