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.”
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.
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.
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.
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.
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.
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.
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.
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.
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.
The Port of Long Beach now requires drone operators to obtain a permit before taking off or landing in the Harbor District.
Premium denim brand True Religion Apparel Inc. became the latest retailer to emerge from bankruptcy last month.
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.
Shares of Mattel Inc rose 11.3 percent Monday after an analyst speculated that the company could be a potential takeover target.
El Segundo-based toy manufacturer Mattel Inc., reported dismal third quarter results on Thursday. Jakks Pacific wasn’t too far behind, reporting a Q3 drop in income.