Orange County Business Journal

MANUFACTURING

Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...

2014 Year in Review: Retail

The Quiksilver Inc. boss continued to reshape the operations of the brand, which once again struggled despite its heritage as a pioneer of the surfwear sector.

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Private Equity Firm Gets Fox Head

Private equity firm Altamont Capital Partners in Palo Alto said it acquired a majority stake in Fox Head Inc., in a deal estimated at more than $200 million.

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British Columbia Travel Promo Uses Oculus Rift

Count British Columbia’s tourism agency as the latest enterprise to utilize the breakthrough virtual reality headset Oculus Rift developed by Irvine-based startup Oculus VR Inc.

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Quiksilver Up on Quarterly Numbers

Shares of Quiksilver Inc. rose about 30% to $1.92 and a market value of $330 million in early trading Friday, after it reported a narrower loss after markets closed yesterday.

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Parker Hannifin Takes Stake in Irvine Manufacturer

Freedom Innovations LLC, an Irvine-based maker of prosthetic devices, has received a minority equity investment from diversified manufacturer Parker Hannifin Corp.

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Broadcom Up on iPhone Sales, Shareholder Initiatives

Broadcom Corp. shares continued to modestly climb Wednesday, a day after the Irvine-based chipmaker laid out its corporate strategy to analysts for the upcoming year.

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Boeing Plans OC Layoffs

Boeing Co. will lay off 360 people in Southern California between Dec. 12 and Jan. 1, with about a third of the cuts in Huntington Beach, according to layoff notices posted by the California Employment Development Department.

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Hyundai to Recall 2 Models for Brake Lights

Hyundai Motor America Inc. in Fountain Valley will recall 42, 925 vehicles with faulty brake lights, according to the National Highway Traffic Safety Administration.

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WD: ‘Significant Progress’ With China Regulators

Irvine-based storage products maker Western Digital Corp. is a step closer to gaining regulatory approval from China’s Ministry of Commerce to integrate its Hitachi Global Storage Technologies Inc. subsidiary there.

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Johnny Rockets Seeks Savings With Own Software

Aliso Viejo-based Johnny Rockets Group Inc. said it and franchisees would save about $450,000 a year systemwide with new back-office operations software the retro burger chain developed in-house for $25,000.

OC Efforts Spur Japanese Device Regulation Changes

New Law Loosens Process US Firms Have Criticized

Efforts over the past decade by several of Orange County’s better-known medical device executives to change Japanese laws are bearing fruit.

Tech Firm Acquires Cloud-Gaming Spinoff Assets

Aims to Fill Sector Niche Void After Recent Shifts

Fast-growing Irvine company Numecent has acquired employees, customers and intellectual property from Approxy, a joint venture it spun out in 2012 with private investors to deliver “cloud paging” for next-generation cloud-gaming services.

Avanir to Continue as OC-Based Business Under Otsuka

HEALTHCARE: $3.5B for maker of neurological drug

Aliso Viejo-based Avanir Pharmaceuticals Inc. hopes to continue its recent surge under new owner Otsuka Pharmaceutical Co., which aims to beef up its neurology drug lineup following an upcoming patent expiration.

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Taco Bell in International Push

Irvine-based Taco Bell Corp. plans to add 1,300 restaurants with an aim of adding $2 billion in sales overseas by 2023, according to a report in Nation’s Restaurant News.

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Cole Joins WD Board

Longtime Accenture Plc executive Martin Cole has joined the board of Irvine-based storage products maker Western Digital Corp.