Orange County Business Journal


Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...
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Kaiser Aluminum Has Mixed Q1

Kaiser Aluminum Corp. beat Wall Street’s revenue outlook for the first quarter but fell short on earnings projections.

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Western Digital Just Misses Forecasts

Irvine-based storage products maker Western Digital Corp. after the close of intraday trading Tuesday reported March revenue and adjusted profits that narrowly missed Wall Street expectations.

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Device Maker Gets $26M Loan

Irvine-based startup Lombard Medical Inc. said today it received a $26 million loan facility from a financier.

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Stance Socks Score NBA Deal

San Clemente-based Stance Inc. has signed a licensing agreement to become the official sock brand for the National Basketball Association.

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Mitsubishi Motors Taps Ally on Finance

Mitsubishi Motors North America Inc. in Cypress said it will fold its in-house financing arm, Mitsubishi Motors Credit of America Inc., and rely on Detroit-based Ally Financial Inc. as its “preferred financing source.”

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Edwards Posts Profit

Irvine-based Edwards Lifesciences Corp. reported a profit of $123.4 million, more than double the total for the same period a year ago.

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SJC Startup Lands GE Investment

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.

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ReShape Medical Gets $12M Loan

San Clemente-based medical device maker ReShape Medical Inc. has received a $12 million loan from a pair of financiers.

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Kia's Georgia Facility Back Online After Shooting

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.

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Incipio Inks Luggage Co. Deal

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.

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Broadcom Beats Forecasts on Q1

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.

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FDA Clears AcuFocus Inlay

The Food and Drug Administration has approved Irvine-based AcuFocus Inc.’s Kamra corneal inlay for treating presbyopia.

Laser Maker Uses Time to Advantage With Board Revamp

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.

Medtronic Valve Gets FDA OK for Use in Procedure

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.

Yokohama’s Push for Social Good, Playgrounds

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.