Orange County Business Journal

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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

Ingredients Developer Gets $5M Debt Funding

ChromaDex Corp., an Irvine-based maker of ingredients for dietary supplements, has closed a $5 million venture debt financing from Hercules Technology Growth Capital Inc.

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Costa Mesa Chipmaker Seeks BK

Costa Mesa-based chipmaker ISC8 Inc. has filed for Chapter 11 bankruptcy protection.

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Water Treatment Specialist Raises $10M

Irvine-based WaterHealth International Inc. has raised $10 million in venture funding from a private equity firm in New York that targets infrastructure projects in developing nations.

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Mazzo Resigns From Microsemi’s Board

Aliso Viejo-based Microsemi Corp. said that James V. Mazzo has resigned from its board of directors.

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Mazzo Added to Insider Trading Indictment

Veteran Orange County medical device executive James V. Mazzo was added to a federal grand jury indictment on insider trading charges, the Department of Justice said today.

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OC Auto Sales Up 6.2% in August

Orange County auto dealers sold 13,592 vehicles in August, a 6.2% increase from the same period last year, according to Newport Beach-based Orange County Automobile Dealers Association.

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Aliso Video Game Maker Raises $1M

MEK Entertainment Inc., an independent video game maker in Aliso Viejo established by a former Blizzard Entertainment Inc. programmer, has secured $1 million in a seed round.

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TTM Buys Rival

Costa Mesa-based printed circuit board maker TTM Technologies Inc. today announced it will acquire Viasystems Group Inc. in a $927 million deal.

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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.