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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China-Based Athletic Brand Picks Irvine for U.S. Headquarters

361 Degrees International Ltd., which bills itself as second-largest athletic brand in China, has chosen Irvine for its North American headquarters.

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Irvine Appliance Maker Names New Ad Agency

BSH Home Appliances Corp. selected ELA Advertising as its strategic, creative agency-of-record for its Thermador brand cookware.

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Windjammer Sells Auto Parts Maker

Newport Beach-based buyout firm Windjammer Capital Investors has agreed to sell its portfolio company BBB Industries LLC to an investment firm in London.

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Oculus Co-founder Gives $31M

The cofounder and chief executive of Irvine-based Oculus VR Inc. has pledged $31 million to the University of Maryland-College Park to build a new computer science building focused on virtual reality, according to a report.

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PE Firm Invests in Propane Engine Maker

Newport Beach-based private equity firm Solis Capital Partners LLC has made an equity investment in LEHR Inc., a manufacturer of propane-powered engines and tools for home and commercial uses.

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Telogis Gets Funding From VC Firm of Ford Motor Chairman

Aliso Viejo-based software maker Telogis Inc. has secured a strategic investment from a Detroit venture capitalist firm co-founded by William Clay Ford Jr., the executive chairman of Ford Motor Co. and the son of the owner of the Detroit Lions.

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Startup Raises $5M, Enters VR Deal

A Laguna Beach startup that specializes in virtual reality content has raised $5 million from private investors and entered a partnership with Oculus VR Inc. and Samsung in one of the latest developments to hit technology’s hottest emerging consumer segment.

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Microsemi Makes Small Buy

Aliso Viejo-based Microsemi Corp. announced an agreement today to purchase a Santa Rosa chipmaker and also revealed plans to repurchase up to $100 million of its common stock.

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Wozniak to Speak at NAMM

Apple Computers co-founder Steve Wozniak will speak at the National Association of Music Merchants show in Anaheim in January, the association said.

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OC Auto Brands Post Strong August Sales

Orange County-based auto brands met or exceeded national new vehicles sales figures in August.

Urban Decay’s Metro Moves

NB, London Flagships for $200M Brand

Wende Zommir worked her way up from an Elizabeth Arden makeup counter in Texas to cofounding Urban Decay Cosmetics LLC, L’Oréal SA luxury division’s No. 2 brand—second in sales growth only to Lancôme.

Kaiser Aluminum Beefs Up as Automakers Lose Weight

MANUFACTURING: Shares near all-time high despite soft aerospace

Shares of Kaiser Aluminum Corp. are nearing their prerecession heyday, thanks in part to small-but-growing sales in the automotive sector that have helped the Foothill Ranch-based company power through a stall in its aerospace business.

Long-Anticipated ‘Wasteland’ Game Sequel on Way

Producer Waited 10+ Years To Get Money for Follow-Up

It’s taken Brian Fargo more than a decade to get the band back together for a follow-up release to the smash hit “Wasteland.”

It’s Official: Questcor Now Mallinckrodt PLC Unit

Acquisition Final, Local Operations to Stay Intact

Questcor Pharmaceuticals Inc. made plenty of headlines in its roughly four years as an Orange County-based public company.

Regulator Charges AirTouch, Ex-Execs in Fraud Case

Alleges They Reported Fake Earnings for Device

The Securities and Exchange Commission has charged Newport Beach-based equipment maker AirTouch Communications Inc. and its former chief executive and chief financial officer with misstating revenue and defrauding an investor.