Los Angeles Business Journal

LA MANUFACTURING

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

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.

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.