Los Angeles Business Journal

LA MANUFACTURING

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

Farmer Bros. Bounces Back from Previous Year’s Loss

Farmer Bros. Co. on Tuesday reported improved sales and earnings, recording its most profitable year in a decade, according to Mike Keown, the company’s president and chief executive.

Virgin Receives NASA Contract

Two aerospace companies at the Mojave Air & Space Port, including Virgin Galactic, have received three-year contracts from NASA to take scientific payloads into sub-orbital space.

L.A. Manufacturers Get Lift From Chinese Growth

It’s easy to oversimplify U.S.-China trade relations as a story of scrap materials going overseas while finished products come back, but the reality is becoming more complicated.

AeroVironment Loss Worse Than Expected

Monrovia’s AeroVironment Inc. on Wednesday reported earnings that fell short of analysts’ expectations.

Teledyne Acquires Bolt Technology

Teledyne Technologies Inc. announced Wednesday it will acquire Bolt Technology Corp., a manufacturer of marine equipment used in energy exploration and other purposes, in a deal valued at $171 million.

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.