Orange County Business Journal


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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Sock Maker Opens First Store

Stance Inc. in San Clemente opened its first retail store, in New York’s SoHo district.

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Microsemi to Buy PMC-Sierra for $2.5B

Aliso Viejo-based semiconductor maker Microsemi Corp. said it had a “definitive agreement” to acquire Sunnyvale-based semiconductor maker PMC-Sierra Inc. for $2.5 billion in cash and stock.

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Allergan Name to Go in $155B Pfizer Deal

Allergan PLC and Pfizer Inc. will merge in a deal worth about $155 billion.

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Action Apparel Firm Names Exec

Lost Holdings in Irvine selected former Rip Curl executive Rick Petri as president, a new position.

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Microsemi Ups Bid for Chipmaker

Aliso Viejo-based chipmaker Microsemi Corp. increased its bid for PMC-Sierra Inc. this morning to roughly $2.39 billion.

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ICU Medical Shutters Slovakia Plant

San Clemente-based ICU Medical Inc. will close its manufacturing plant in Vrable, Slovakia, and cut 265 jobs, according to a Securities and Exchange Commission filing.

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Irvine Cloud Service Gets $15.5M

Irvine-based Numecent received $15.5 million in Series B funding that included $4.5 million from an investor from a previous round.

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Alphaeon to Buy Laser Maker

Irvine-based Alphaeon Corp. said today that it would buy Lensar Inc. for up to $59 million.

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Kia to Recall Soul Vehicles

Kia Motors America Inc. in Irvine is recalling 256,459 Kia Soul and Soul EV vehicles, citing the potential for loss of steering, according to the National Highway Traffic Safety Administration.

Mobilitie's Move

$325M in Funding, Hiring Spree Point to National Network of Small Cell Base Stations

A just-completed $325 million fundraising deal for Mobilitie LLC comes as the Newport Beach-based wireless infrastructure company is gearing up for what it is calling the “largest network deployment initiative in the U.S.”

China-Based Builder Gets 96 Acres in Lake Forest

REAL ESTATE: Pegged for 626 homes; deal estimated at $190M

A China-based homebuilder looking to diversify its operations into the U.S. has bought a big development site in Lake Forest.

Joint Venture Puts New Light on WD in China

TECHNOLOGY: Follows sale of stake to same company

Western Digital Corp.’s ongoing push into more lucrative storage products geared for corporate customers got a boost last week in another deal with China-based information technology provider and electronics manufacturer Unisplendour Corp.

Irvine Front and Center for Allergan R&D

HEALTHCARE: Kybella seen as next ‘pipeline in a product’ for drugmaker

Allergan PLC’s operations in Irvine appear poised to remain front and center in the drugmaker’s research and development endeavors.

Wastewater Outfit Buys Firm in Canada

Costa Mesa-based wastewater solids reduction and removal company JWC Environmental acquired IPEC Consultants in Canada on undisclosed terms.

Oculus Backer Leads $30.5M NextVR Round

Laguna Beach-based virtual reality startup NextVR Inc. raised $30.5 million in a Series A funding round that included a mix of sports- and entertainment-related firms.