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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 Edwards Lifesciences Corp. reported a profit of $123.4 million, more than double the total for the same period a year ago.
San Juan Capistrano-based software maker PingThings Inc. has received a venture capital investment from GE Ventures, the venture capital arm of General Electric, and Frost Data Capital.
San Clemente-based medical device maker ReShape Medical Inc. has received a $12 million loan from a pair of financiers.
A Kia Motors America Inc. manufacturing plant in Georgia is back online this morning after an employee there shot a co-worker in the leg Tuesday.
Incipio Technologies Inc. said it signed a multiyear licensing deal with Tumi Holdings Inc. to design, manufacture and distribute a range of premium mobile device accessories for the South Plainfield, N.J.-based luggage maker.
Irvine-based chipmaker Broadcom Corp. after the close of intraday trading reported first-quarter revenue and adjusted profits that beat Wall Street expectations and provided a revenue target for the current quarter in line with estimates.
The Food and Drug Administration has approved Irvine-based AcuFocus Inc.’s Kamra corneal inlay for treating presbyopia.
Newport Corp. Takes Age Limits as Cue for Makeover
Newport Corp. went to great lengths in the past few years to revamp its board with big names in the science and corporate worlds.
Product For Patients With High, Extreme Risks
Medtronic CoreValve, a less-invasive heart valve that has Orange County roots, recently received the green light from the Food and Drug Administration for use in what’s known as “valve-in-valve” procedures for treating people whose surgical aortic valves have failed.
Partners With Nonprofit, Plans Campaigns
Yokohama Tire Corp. said it has expanded its relationship with KaBoom!, a national nonprofit that has opened or improved nearly 16,000 playgrounds since its inception in 1996.
Hopes New Technology Will Cut Costs, Spur Sales
Murrietta Circuits, one of Orange County’s oldest technology companies, believes a new licensed technology will dramatically improve its process for manufacturing circuit boards, positioning the 35-year-old family-run business for growth in a declining U.S. industry.
Apartment Portfolio Now 30,000 Units, Ranked 40th
A healthy amount of acquisitions across the country over the past year has vaulted Irvine-based Steadfast Cos. into the ranks of the largest owners of apartments in the U.S.
THE LIST: IFE sector offsets cuts at top-ranked Boeing
Employment at Orange County’s largest aerospace and defense contractors was roughly flat for the third straight year.
Los Alamitos-based Alliance Spacesystems LLC, which manufactures composite structures for the aerospace industry, was acquired by SolAero Technologies Corp., an Albuquerque, N.M.-based solar panels maker.
Multi-Fineline Electronix Inc. Chief Financial Officer Tom Liguori has resigned to pursue other opportunities, the Irvine-based printed circuit board maker announced after the close of intraday trading.