Orange County Business Journal


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

The parent of Irvine-based action sports apparel maker and retailer Billabong USA saw global revenue of $400.63 million in the first half of its fiscal 2016, a 7.6% increase excluding the impact of exchange rates.

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Fujifilm Moves Optics to OC

The optical device division of Fujifilm North America Corp. has moved its West Coast headquarters from Redondo Beach to the company's facility in Cypress.

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Peregrine Drops Trial; Shares Crash

Shares of Tustin-based drug developer Peregrine Pharmaceuticals Inc. fell sharply today, a day after the company said it would discontinue a third-phase clinical trial.

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Gaming Products Maker Gets $75M

Irvine-based Razer Inc. sold a 5% stake in the gaming technology company for $75 million to China-based LianLuo, an affiliate of Hangzhou Liaison Interactive Technology, news reports and Hangzhou said.

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Masimo Q4 Profits, Revenues Up

Irvine-based patient monitor maker Masimo Corp. today reported financial results.

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Newport Corp. Bought for $980M

Irvine-based Newport Corp. has agreed to a $980 million all-cash sale to Massachusetts-based MKS Instruments. The deal is expected to close in the second quarter.

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WD Deal for Stake by Chinese Investor Off

Irvine-based Western Digital Corp. said a unit of China-based Unisplendour Corp. Ltd. would not buy a 15% stake in the storage products maker for $3.8 billion after a U.S. government agency said the deal would undergo a formal review.

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WD Investor Opposes $19B SanDisk Buy

One of Western Digital Corp.’s largest investors plans to vote against its $19 billion takeover of Milpitas-based SanDisk Corp. at a special shareholders meeting next month.

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Vans Revenue Up in Quarter, Year

Vans Inc. revenue was up 3% in the fourth quarter of 2015, according to its parent, Greenboro, N.C.-based VF Corp. The Cypress-based shoe and apparel division’s full-year sales totaled $2.2 billion, a 7% increase compared with 2014.

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Ingram Micro Sold for $6B

Ingram Micro Inc. shares surged more than 21% in midday trading after the Irvine-based company said it’s set to be sold for $6 billion to a Chinese conglomerate.

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Kaiser Aluminum Swings to Loss for 2015

Kaiser Aluminum Corp. said it swung to a loss of $237 million last year.

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NextVR Inks Fox Sports Deal

Laguna Beach-based NextVR Inc. will broadcast virtual reality content in a five-year agreement with Fox Sports.

Hyundai Seeks New Connections to Consumers

AUTOS: Super Bowl image ad set stage for upcoming campaign

Fountain Valley-based Hyundai Motor America Inc.’s advertising splash during Super Bowl 50 was a setup for a new branding campaign that’s scheduled to be in full swing come spring.

OCVA to Set Up Shop in India, Japan

The Orange County Visitors Association is slated to open offices in Tokyo and New Delhi this week.

Kiani Looks for Quantum Leap on Safety Movement

HEALTHCARE: Aims to double number of lives saved to 50,000

Masimo Corp. Chief Executive Joe Kiani wants his brainchild, the Irvine-based Patient Safety Movement Foundation, to reach 50,000 lives saved this year through eliminating medical errors in hospitals.