Orange County Business Journal


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

$97M Army Contract to Irvine Manufacturer

A manufacturer in Irvine has won a nearly $97 million contract to supply weapon components to the U.S. Army.

By Chris Casacchia August 22, 2016 midnight   $$ Share
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Incipio Ends Skullcandy Pursuit

Incipio LLC walked away from its bidding war with Mill Road Capital Management LLC, a private investment firm that made the winning offer for Skullcandy Inc. at $6.35 a share in cash, which valued the company at about $197 million.

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Tilly's Results Beat Street

Tilly’s Inc. in Irvine reported revenue and earnings that exceeded Wall Street expectations for the August quarter.

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Lantronix Narrows Loss

Irvine-based Lantronix Inc. reported lower net losses in its most recent quarter and year; shares rose 15% after-hours Tuesday but declined on a sell-off in Wednesday trading

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Lombard Exits U.S., Seeks Sale

Irvine-based Lombard Medical Inc. said it would exit the U.S. market and explore “strategic alternatives” for its business in other markets.

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Speedo Drops Lochte

Speedo USA in Cypress will end its sponsorship of Ryan Lochte after a story he and three other U.S. swimmers told of being robbed at gunpoint on Aug 14 in Rio de Janeiro during the Olympic Games was proven false by authorities.

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Hyundai, Amazon Link on Test Drives

Hyundai Motor America in Fountain Valley will let prospective buyers in the Los Angeles and Orange County areas book test drives for the 2017 Elantra through Amazon’s Prime Now service, and check out the sedan at local dealers.

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Frost Startup Gets More Money

NarrativeWave raised $1.2 million in Series C funding, bringing its total funding to $3.2 million.

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Smith Micro Down After Reverse Split

Shares of Smith Micro Software Inc. are down in its first trading session after the Aliso Viejo-based company initiated a reverse stock split before the start of trading today.

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OCTANe in State Life Sciences Push

OCTANe in Aliso Viejo will work with California Life Sciences Association on statewide advocacy and programs for supporting Orange County life sciences companies.

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Puerto Rico Manufacturer Buys in Costa Mesa

Costa Mesa-based Mocean Holding Company LLC has been acquired on undisclosed terms by SNC Technical Services in Puerto Rico.

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Footwear Maker Names Interim President

Sole Technology Inc. in Lake Forest appointed Esmail Mawjee interim president, a new position.

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Emerald Buys Two More Shows

Emerald Expositions LLC in San Juan Capistrano acquired two trade shows from founder Shannon Leggett on undisclosed terms.

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ASICS Americas Sales Down

ASICS America Corp.’s sales in the first half of its fiscal 2016 declined 17.3% compared to the same period last year, according to its parent, Japan-based Asics Corp.

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Allergan to Buy Glaucoma Co. for $95M

Allergan Plc plans to buy ForSight Vision5 for $95 million and milestone payments.

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Microsemi Name for Rams' UCI Field

Aliso Viejo-based chipmaker Microsemi Corp. has taken naming rights of the Los Angeles Rams practice facility at University of California-Irvine.