Los Angeles Business Journal

LA MANUFACTURING

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

Superior Industries Shutting Down Plant

Aluminum wheel manufacturer Superior Industries International Inc. announced Wednesday it would close its Arkansas plant by the end of the year as it prepares to open a fourth plant in Mexico next year.

Amgen Announces Deep Job Cuts

Amgen Inc. announced on Tuesday that it would cut up to 15 percent of its global workforce, or as many as 2,900 jobs, as well as close plants and consolidate its offices at its sprawling Thousand Oaks headquarters complex.

Beyond Meat Announces New Investors

Beyond Meat, an El Segundo startup that produces synthetic meat products from plants material, announced Monday that it had closed a Series D funding round.

Driving Design

Restaurant chains have test kitchens to try new recipes. James Bond calls upon Q’s lab to add a laser cutter to his wristwatch.

Breitburn Energy Hits Gusher in $2 Billion Deal

Los Angeles oil company Breitburn Energy Partners announced Thursday that it has agreed to buy QR Energy of Houston for nearly $2 billion in cash and stock.

Reliance Shares Dip as Earnings Fall Short

Shares of Reliance Steel & Aluminum Co. fell on Thursday after the company reported earnings below analyst expectations despite record revenue.

Puma Shares Skyrocket

Shares of Westwood pharmaceuticals firm Puma Biotechnology Inc. increased by nearly 300 percent Wednesday after the firm reported a successful test of a drug being developed to treat breast cancer.

Skechers Beats Estimates

Shares of shoe company Skechers USA rose in after-hours trading Wednesday after the company’s reported exceeded estimates.

Jakks Shares Fall on Earnings

Shares of Malibu toy firm Jakks Pacific fell nearly 14 percent Wednesday after the firm reported a deeper loss than analysts expected.

Mattel Adopts Direct Sales for ‘Thomas & Friends’

Mattel announced Monday it will sell “Thomas & Friends” toys directly to customers through a new catalog and website designed specifically for fans of toys based on the popular train-themed children’s program.

Love Culture Files for Reorganization, Seeks Sale

Love Culture, the fashion company that was part of the recent upswing in clothing manufacturing in Los Angeles, filed for Chapter 11 bankruptcy on Wednesday.

SpaceX Advances on Right to Bid for Military Launches

Private rocket company SpaceX of Hawthorne has moved a giant step closer towards its goal of launching rockets for the U.S. military.

Skechers Accuses Fila of Infringement

Footwear maker Skechers USA announced Thursday that it has filed a federal lawsuit against Fila U.S.A., alleging that the latter company has infringed upon the patents and design of one of its products.

American Apparel Agrees to Rescue Deal

American Apparel cut a deal that with its main investor that will allow the downtown Los Angeles clothing manufacturer to pay off a loan and avoid a default and potential bankruptcy, the company announced Wednesday.

AeroVironment Shares Take Off on Earnings

Shares in AeroVironment Inc. jumped more than 13 percent on Wednesday after reporting better than expected fourth quarter earnings.