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Newport Corp. will lay off workers and take other cost cutting measures, the Irvine-based company announced at the close of intraday trading Tuesday, after missing revenue and profit targets for the June quarter.
Chris Cox, a former member of the U.S. House of Representatives and chairman of the U.S. Securities and Exchange Commission, is a new board member at Pasadena-based Calhoun Vision Inc.
Three of the four Orange County-based automakers beat the national sales pace for new vehicles in July, according to New Jersey-based market researcher Autodata Corp.
Delaware-based bicycle designer and manufacturer Blue Bicycles said it will move to Orange County by the end of the year and that its current chief executive, Steven Harad, has resigned and will remain with the company for 90 days to assist in the transition.
Scott Maccabe, the president and chief executive of Irvine-based Toshiba America Business Solutions Inc., has taken on the same dual role for Toshiba Global Commerce Solutions Inc., which makes installed retail point of sale systems.
Irvine-based Lombard Medical Inc. said today it bought startup Altura Medical Inc. in a deal that could be worth more than $50 million, depending upon milestones.
Irvine-based chipmaker Broadcom Corp. after the close of intraday trading reported second-quarter revenue in line with Wall Street expectations and adjusted profits that missed estimates.
A Yorba Linda software maker that specializes in survey analysis has been acquired by local investment firm Poplar Capital Partners LLC, which is based in the same city.
Irvine-based storage products maker Western Digital Corp. after the close of intraday trading Wednesday reported June revenue in line with Wall Street expectations and adjusted profits that beat estimates.
Irvine-based Kareo Inc. said today that it has received a $55.4 million investment.
Irvine-based security software maker Cylance Inc. has raised $42 million in a Series C funding round led by DFJ Growth in Menlo Park.
Oakley Inc. in Foothill Ranch has eliminated its “office of the CEO” and laid off more than 150 workers as part of an “integration process” with Italy-based parent Luxottica Group S.p.A.
Allergan PLC said today that it will sell its generic drug business for $40.5 billion in cash and stock to Teva Pharmaceutical Industries Ltd.
Irvine-based Vizio Inc. has filed a registration statement with the Securities and Exchange Commission to raise up to $172.5 million in an initial public offering.
Cypress-based Mitsubishi Motors North America Inc. said it plans to end production here.