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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
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.
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.
San Clemente-based USGI Medical Inc. has raised more than $19.5 million from equity and debt investors.
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.
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.
NextVR Inc. in Laguna Beach said it conducted the “first ever live, broadcast-quality transmission of a virtual reality experience” over the weekend.
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.
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.
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.
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.
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 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.
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.
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:
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.