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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Carbon-Capture Co. Gets $29M

Costa Mesa-based Newlight Technologies LLC, founded to make technology that captures and converts carbon and methane into plastics, received $29.2 million in “Form D” venture funding, according to a regulatory filing Tuesday.

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More Job Cuts at WD

Irvine-based storage products maker Western Digital Corp. is cutting nearly 100 more jobs in Orange County as the company begins to integrate its $17 billion buy of SanDisk Corp. that closed two weeks ago.

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Alphaeon CEO Steps Down

Robert Grant is no longer the chief executive of Irvine-based Alphaeon Corp., a lifestyle healthcare company he founded three years ago.

Irvine Co. Provides Free Space to Incubator - Which Provides Free Space to Startups

Bennett Washabaugh and Mike Zei launched their commercial real estate startup, TenantBase, with Irvine Company in mind as an innovator that leases space to startups around the country.

Moro-San’s Mission

Globetrotting Exec Wants to Redefine Mazda

Masahiro Moro—or Moro-san as employees at Mazda North American Operations call him—reclined at his office in Irvine, where a picture of a red RX-Vision concept sports car Mazda Motor Corp. introduced in October at the Tokyo Motor Show hung on the wall directly across from his desk.

KBS Lands SF Tower, Redmond Business Parks

REAL ESTATE: $300M spree follows bond deal in Israel

A real estate investment trust run by Newport Beach-based KBS Realty Advisors, fresh off a $250 million bond offering in Israel, has made plans to spend nearly $300 million on an office property in downtown San Francisco and a portfolio of business parks in the Seattle suburbs.

Dallas Biotech to Costa Mesa

Dallas-based Cerebain Biotech Corp. has moved its corporate headquarters from Dallas to Costa Mesa.

AI Developer Secures Sony Investment

Anaheim-based artificial intelligence developer Cogitai received a strategic investment on undisclosed terms from Sony Corp., the multinational conglomerate headquartered in Tokyo, Japan.

Knife Maker Sold to Beverly Hills Firm

American Capital Ltd. sold PHC Sharp Holdings Inc. to Beverly Hills-based investment manager Levine Lechtman Capital Partners on undisclosed terms.

Augmented Reality Product Picked for China Pitch

CandyBAR Delivers Images to Mobile Devices

Irvine-based Candy Lab, which has developed an augmented reality product intended to help businesses attract consumers, is one of eight companies selected by the Plug and Play Tech Center in Sunnyvale to pitch to venture capitalists, angel investors, and government officials in China.

Pyott Slated to Return to Spotlight at Eye Conference

Will Be Interviewed By Another Company Veteran

David Pyott, retired chief executive and chairman of Allergan Inc., now Allergan PLC, will be the headliner next month at the annual Ophthalmology Technology Summit put on by OCTANe, an Aliso Viejo-based booster group for life sciences and other forms of technology.

Vietnamese Style, Heritage Celebrated at Fashion Week

Event Showcased SoCal, Vietnam-Based Designers

Viet Fashion Week, showcasing designers of Vietnamese heritage, was held over the weekend outside the Westminster Mall.

Clean Energy Founder Savors Idea of First Profits

Otherwise Laments State Of Overall Fuel Market

Count Clean Energy Fuels Corp. co-founder and corporate raider T. Boone Pickens among the throngs of company backers who thought a profitable quarter would come years ago.

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Knife Maker Sold

American Capital Ltd. sold PHC Sharp Holdings Inc. to Levine Lechtman Capital Partners on undisclosed terms.

CalAmp Move from Oxnard Adds to Tech Sector Here

‘Center of Gravity’ Draws Wireless Products Maker

CalAmp Corp.’s recent headquarters move from Oxnard to Irvine provides a boost in the middle market for Orange County’s roster of publicly traded tech companies.