MANUFACTURING

Hyundai Sets Date to Go Autonomous

Hyundai Motor Co. in Seoul today announced a partnership with Palo Alto-based Aurora Innovation Inc. to bring an autonomous vehicle to market by 2021.

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PIMCO Invests $200M in GreenSky: WSJ

Newport Beach’s Pacific Investment Management Co., one of the world’s largest investment firms, is investing $200 million in GreenSky LLC, according to the Wall Street Journal.

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Peregrine Names CEO, to Change Name

Tustin’s Peregrine Pharmaceuticals, Inc. (Nasdaq: PPHM), a drug manufacturer that’s been in a proxy battle, said Roger J. Lias is the company’s new chief executive and president.

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Qualcomm Rejects Broadcom Nominees

The board of San Diego-based Qualcomm Corp. won’t nominate any of the 11 candidates recommended by rival Broadcom Ltd. and investor Silver Lake Partners, the latest turn in the hostile takeover attempt.

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Sonendo Gets CFO

Sonendo Inc. appointed Michael Watts chief financial officer.

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Presbia Cuts Back; Execs Resign

Presbia PLC’s executive chairman and chief executive have resigned and the eye care device maker said it would cut expenses as it considers a $5 million investment from an affiliate of its majority shareholder.

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Another Top Executive Leaves Allergan

Allergan PLC (NYSE: AGN) Chief Operating Officer Robert Stewart will resign to become president and chief executive officer of Amneal Pharmaceuticals LLC starting January 25, according to filings with the Securities and Exchange Commission.

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Aerie Gets Early FDA OK

Irvine-based Aerie Pharmaceuticals received Food and Drug Administration approval for its glaucoma eye drop Rhopressa two months ahead of an informal goal date in February.

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Spectrum Pharma Swaps Out CEO

Spectrum Pharmaceuticals Inc. said its board dismissed its Chief Executive Rajesh Shrotriya without cause in accordance with Shrotriya’s agreement with the company, effective immediately.

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CoolSys Hires New CFO, COO

CoolSys, a newly rebranded refrigeration company based in Brea, named Andy Mandell chief financial officer and Amy Freeman chief operating officer.

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Karma Names CEO

Irvine-based Karma Automotive LLC tapped Liang Zhou to replace Thomas Corcoran as chief executive of the luxury carmaker.

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Samueli a Fellow of National Group

Henry Samueli has been named a fellow of the National Academy of Inventors for 2017.

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Toshiba, Western Dig Reach Deal

Toshiba Corp., its memory unit and San Jose-based Western Digital Corp. have struck an agreement to resolve several legal and arbitration disputes that stalled the $18 billion proposed sale of Toshiba Memory Co.’s flash storage business.

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Broadcom Beats and Boosts

Singapore-based Broadcom Ltd., which operates a major hub in Irvine, closed the books on its fiscal year with sizeable gains in revenue and net income.

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Edwards Pays $100M for Mitral Device Maker

Edwards Lifesciences Corp. in Irvine bought Harpoon Medical Inc. in Baltimore on Dec. 1 for $100 million; milestone payments over the next decade could bring the total price to $250 million.

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