Orange County Business Journal

MANUFACTURING

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

Broadcom Ltd. said in a lawsuit that Space Exploration Technologies Corporation—SpaceX—recruited engineers away from the chip maker after soliciting Broadcom's services and then declining to work with them.

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Irvine Retailer Names New CFO

The Wet Seal LLC in Irvine hired Judd Tirnauer as its executive vice president and chief financial officer, effective May 1.

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Microsemi Sells Secondary Lines

Aliso Viejo-based Microsemi Corp. has agreed to sell its embedded security, RF, microwave and custom microelectronics businesses for $300 million to Mercury Systems Inc.

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Quantum Fuel in Chapter 11 BK

Lake Forest-based Quantum Fuel Systems Technologies Worldwide Inc. has filed for Chapter 11 bankruptcy protection.

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Seychelle Replaces CEO

San Juan Capistrano-based Seychelle Water Filtration Products has replaced Chief Executive Carl Palmer with Chief Financial Officer James Place, effective immediately.

He Felt Your Pain

Proove Helps Docs Manage Patients’ Discomfort

Brian Meshkin sought a way to help doctors make better decisions in the specialty of pain management, acting on the desire in 2009 when he created Irvine-based Proove Biosciences Inc.

Comcast to Put $40M Into Supplier in Santa Ana

TECHNOLOGY: Cable outfit aims for Internet of Things

The largest U.S. cable TV provider plans to invest nearly $40 million in Santa Ana-based remote control maker Universal Electronics Inc. over the next six years.

Two OC Components Makers Join Forces

San Clemente-based rubber products maker IRP Group Holdings recently agreed to combine with Garden Grove-based ProPlas Technologies on undisclosed terms.

Device Maker Focal Raises $3.8 Million

Aliso Viejo-based Focal Therapeutics Inc. raised about $3.8 million in venture capital, according to a Securities and Exchange Commission filing.

Taco Bell to Open First China Location

Taco Bell Corp. is planning to open its first location in China by the end of the year, executives of the Irvine-based chain said during a Bank of America Merrill Lynch consumer and retail conference in New York.

More Than One Way to Pull a Hill

Pedego Co-Founder Saw His Spot in Electric Bikes

A taxing task led to a global business for Don DiCostanzo. Tired of peddling his bike uphill on Superior Avenue in Newport Beach for volunteer work and recreation, he knew there had to be an easier way. His solution? An electric bike.

OC Still Coveted as Overseas Buyers Hit Pause Elsewhere

Expert Says Chinese Pullback Not Seen Here

Foreign investment in U.S. real estate is hitting the pause button, according to a report by the National Association of Realtors, and the pullback is most evident among Chinese buyers affected by China’s slowing economic growth, currency devaluation and tightened restrictions on capital outflows. Other reasons the report cites include a stronger U.S. dollar and rising home prices.

Senate Committee Passes Pack of Device Reform Bills

Designed to Speed FDA OK for Certain Treatments

A cause dear to the hearts of medical device makers in Orange County and elsewhere—regulatory reform—is moving along in the U.S. Senate.

Agency Ups Role in Client Work With Startup Stakes

Gets Equity Share In Exchange for Services

Irvine-based agency INK is taking an active role in its startup clients. It launched an “equity based model for agency-client relationships” that enables it to acquire a stake in promising enterprises.

New Ingram Micro Owner to Invest in Distributor

Chinese Boss to ‘Acquire’ More Business, Up Hires

Don’t expect Irvine-based Ingram Micro Inc. to cut costs under new Chinese owner Tianjin Tianhai Investment Co. Ltd.