MANUFACTURING

Feds Seek Third Try at Mazzo

Justice Department lawyers said this week they plan to try medical-device executive Jim Mazzo for a third time for violating insider trading rules after two prior efforts ended in hung juries.

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Clean Energy Posts Big Q4 Sales Drop

Newport Beach-based Clean Energy Fuels Corp. in the fourth quarter recorded a steep sales drop and wider losses.

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Qualcomm Bid Blocked

President Donald Trump scuttled Broadcom Ltd.’s attempted hostile takeover of rival Qualcomm Inc., signing a presidential order Monday prohibiting the bid due to national security concerns, according to news reports.

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AcuFocus Sells Kamra Technology

Seattle-based SightLife Surgical Inc. will buy the Kamra inlay from AcuFocus Inc. in Irvine on undisclosed terms in a deal expected to close this month.

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Earnings, Revenue Miss at AutoWeb; CEO, CFO Exit

Jeffrey Coats will leave his post as president and chief executive of Irvine-based AutoWeb Inc., formerly Autobytel, as the company missed analyst expectations on earnings and revenue in its most recent quarter.

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Nicholas Donates $40K to UCI Crew

Broadcom Corp. co-founder Henry Nicholas is donating $40,000 to ensure the men and women crew teams at University of California-Irvine will participate in the 2018 American Collegiate Rowing Association National Championship Regatta in May in Georgia.

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Yamaha Gets First American President

Yamaha Corp. of America named Tom Sumner president to succeed Hitoshi Fukutome, who’ll return to its parent company’s headquarters in Hamamatsu, Japan, as senior general manager of Asia Pacific sales.

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Microsemi Sells for $10.15 Billion

Microsemi Corp. (Nasdaq: MSCC), an Aliso Viejo-based semiconductor maker, is selling itself for an enterprise value of $10.15 billion to Microchip Technology Inc. (Nasdaq: MCHP).

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February Auto Sales Mixed

February and year-to-date sales figures for Orange County automakers were mixed.

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Carmakers Shifting CEOs, Mitsubishi the Latest

Fred Diaz has been named chief executive and president of Mitsubishi Motors North America Inc. in Cypress.

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Kia: New CEO

SeungKyu (Sean) Yoon will replace Jang Won (Justin) Sohn as chief executive and president of Kia Motors America in Irvine.

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Microsemi in Play: Report

Aliso Viejo-based Microsemi Corp. is in “advanced talks” on a potential sale to Microchip Technology Inc., according to a Wall Street Journal report.

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Avid CFO Resigns

Biologics manufacturer Avid Bioservices Inc. announced Chief Financial Officer Paul Lytle resigned, effective May 24.

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UEI Shares Pop

Shares of Universal Electronics Inc. are up 25% in afternoon trading to a market value of about $784 million, with shares moving about three times higher than the average.

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Endologix CEO Out

Endologix Inc. Chief Executive John McDermott resigned.

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