LA MANUFACTURING

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

Ports Set Cargo Movement Records for 2017

With still a month to go in 2017, the Ports of Los Angeles and Long Beach have set new records in container movement for the year.

Short Seller Bets Against OSI Systems

Hawthorne-based OSI Systems Inc. saw its shares tumble more than 30 percent on Wednesday following a short seller’s declaration that the company was “rotten to the core.”

Short Seller’s Bet Against OSI Systems Sent Stock Price Tumbling

Hawthorne-based OSI Systems Inc. saw its shares tumble more than 30 percent on Wednesday following a short seller’s declaration that the company was “rotten to the core.”

Tease photo

Report: L.A. County Sheds 3,000 Aerospace Jobs Between 2014 and 2016

Aerospace employment in Los Angeles County dropped by 3,000 jobs, or about 6 percent, to 51,000 between 2014 and 2016, according to a report released Monday from the Los Angeles County Economic Development Corp.

Tease photo

Intrepid Advises RSI on $1.1 Billion Sale to American Woodmark

Intrepid Investment Bankers of Brentwood helped broker a $1.1 billion dollar deal on behalf of client RSI Home Products Inc., the firm said Friday.

Tease photo

Boardriders Offers to Buy Billabong

Boardriders Inc., whose largest shareholder is downtown-based Oaktree Capital, has put in a takeover offer for rival Billabong International Ltd., valuing the latter at $150 million.

SEC Filing: SpaceX Gets Additional $100 Million in Funding

SpaceX, the Hawthorne-based rocket company founded by billionaire Elon Musk, added $100 million in new funding to its recent haul, bringing the total raised since late July to $450 million, according to a Monday filing with the Securities and Exchange Commission.

Tease photo

Chinese Fertilizer Firm Opens U.S. Office in City of Industry

A Chinese firm that manufactures fertilizers made from seaweed has set up shop in the City of Industry. The Qingdao Seawin Biotech Group Co. Ltd., based in Shandong, China, launched a U.S. division to expand seaweed fertilizer sales across North America, company officials announced Wednesday.

Tax Credit Lures Big-Budget Movie Production Back to California

The California Film Commission has announced that two big-budget films, “Call of the Wild” and Quentin Tarantino’s “Untitled #9,” will be shot in-state. Commission officials say the news, announced this week, represents further evidence that the state’s expanded Film and Television Tax Credit Program 2.0 is bringing big-budget filmmaking back to California. Big-budget films are those with budgets of $75 million or greater.

Tease photo

Divergent 3D Announces $65 Million Round for 3-D Printed Car Frames

Divergent 3D, a 3-D printing design shop and manufacturer, announced on Wednesday that it plans to close a $65 million Series B financing round close to Dec. 15.

Tease photo

Denim USA Inc. to Shutter Operations

South L.A.-based United Denim Inc. will shut its doors in December and lay off more than 160 employees, according to an Aug. 29 filing with the state’s Employment Development Department.

Tease photo

UBeam Raising $20M Series B Round

Wireless charging startup uBeam Inc. is raising a $20 million Series B round from Upfront Ventures, Andreessen Horowitz, Founders Fund and Mark Cuban, among others.

Tease photo

Permits Now Required for Drone Operations at Long Beach Port

The Port of Long Beach now requires drone operators to obtain a permit before taking off or landing in the Harbor District.

Tease photo

True Religion Out of Bankruptcy

Premium denim brand True Religion Apparel Inc. became the latest retailer to emerge from bankruptcy last month.

Carson Steps Up Legal Dispute with Tesoro Refinery

The City of Carson has stepped up a legal dispute with Tesoro Refining and Marketing Co. over the city’s approval earlier this year of a warehouse project next to Tesoro’s massive refining complex.

Tease photo

Prev