Los Angeles Business Journal

LA MANUFACTURING

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

Luxury Offerings, Chinese Buyers Rev Up Car Sales

Low interest rates and Chinese investors have helped put L.A. dealerships on the road to a record year.

By Matt Pressberg August 25, 2014 midnight   $$ Share

Amgen Seeks Cholesterol Drug Approval

Amgen Inc. announced on Thursday that it will seek U.S. government approval to sell pipeline drug evolocumab that has significantly reduced cholesterol for patients in clinical trials.

Amgen Gets FDA 'Fast-Track' Status

Amgen Inc. announced on Wednesday that the Food and Drug Administration has granted priority review to ivabradine, an oral drug for the treatment of chronic heart failure.

Layoffs Expected After International Rectifier Acquisition

El Segundo semiconductor company International Rectifier Corp. announced Wednesday it will be acquired by a German chip maker for $40 per share in a $3 billion all-cash deal. Layoffs are expected.

Northrop Grumman Gets Space Plane Contract

Northrop Grumman’s aerospace division in Redondo Beach announced Tuesday it has been awarded a contract from the U.S. Defense Advanced Research Projects Agency to create a model of an experimental space plane.

American Apparel Narrows Loss

American Apparel reported on Monday that it narrowed its loss for the second quarter although it was still deeper than expected.

July Cargo Volumes Flat in Los Angeles, Up in Long Beach

Officials for the ports of Los Angeles and Long Beach released data for July’s cargo volumes on Friday.

Superior Winning Proxy Fight

Superior Industries International Inc. announced on Friday that preliminary results indicate the company’s slate of candidates will be elected to the board of directors.

Amgen Announces Test Setback, Recall

Thousand Oaks pharmaceuticals firm Amgen announced a double dose of bad news Wednesday in the form of a trial setback and a recall.

Puma Shares Slip on Deeper Loss

Westwood pharmaceuticals firm Puma Biotechnology on Monday reported a deeper net loss during the second quarter as the firm substantially increased its research and development expenses amid efforts to bring its breast cancer drug to market.

Nestle Shutting Down Chatsworth Plant

Nestle USA announced on Tuesday it is shutting down its Chatsworth plant that manufactures Hot Pockets and will move the operation to an expanding facility in Mt. Sterling, Ky. Up to 360 workers could lose their jobs.

Amgen Up on Drug Study

Amgen Inc. announced on Monday positive human trial results for a cancer drug that was the focus of a multibillion dollar acquisition last year.

Edison Signs Contracts for Renewable Power

Southern California Edison has signed contracts with solar and geothermal energy producers representing more than 1,500 megawatts of power.

Reliance Steel & Aluminum Co. Buys Illinois Firm

Reliance Steel & Aluminum Co. of Los Angeles announced Friday that it had acquired Northern Illinois Steel Supply Co. for an undisclosed price.

Herbalife to Expand Chinese Production

Herbalife announced Thursday that it plans to begin manufacturing its products at a facility in China that the company anticipates will be able to produce nearly two thirds of its products sold in that country.

AllenCo Fined $99,000 in Environmental Case

The U.S. Environmental Protection Agency said Wednesday that AllenCo Energy has agreed to pay a $99,000 penalty for violating federal environmental laws at an oil field near USC.