Los Angeles Business Journal

LA MANUFACTURING

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

Report: Bondholder Wants American Apparel Sale

One of American Apparel’s leading creditors may be attempting to engineer a sale of the company, according to a report in the New York Post.

Breakthrough Status for Amgen Leukemia Drug

The U.S. Food and Drug Administration has given Breakthrough Therapy Designation status to blinatumomab, a drug in development at Amgen Inc. for treating certain cancers.

MannKind Gets FDA Approval for Inhalable Insulin

MannKind Corp. on Friday finally secured government approval to sell its Afrezza brand of inhalable insulin.

Report: Loans Due for American Apparel

American Apparel will have to pay a $10 million loan in full after the company’s request to stay out of default was denied, Bloomberg reported Friday.

Assembly Passes Aerospace Tax Credit Bill

A bill that would give California aerospace companies up to $420 million worth of employment tax credits for work on an “advanced strategic aircraft program” has passed the Assembly.

Report: American Apparel Seeks New Cash

Clothing manufacturer and retailer American Apparel may be seeking to raise new sources of capital as the firm’s current leaders seek to wrest control of the company from founder Dov Charney.

American Apparel Hires Advisory Firm

Clothing manufacturer American Apparel announced Monday that it had hired Peter J. Solomon Co. to act as a strategic and financial advisor in the wake of the dismissal of company founder Dov Charney as chairman and chief executive.

Ares Buys Texas Oil Field Developer

Century City private equity firm Ares Management has acquired oil and gas field developer BlackBrush Oil & Gas of San Antonio, Texas, the companies announced Tuesday.

OSI Gets X-Ray Contract

OSI Systems, the Hawthorne company with divisions that produce security scanning equipment, medical devices and optoelectronic equipment, announced today that its security division has obtained a contract worth about $10 million with an undisclosed international customer.

NASA Announces SpaceShipTwo Payloads

Twelve payloads from research institutions and private companies will be launched by Virgin Galactic’s SpaceShipTwo, which is under development in the Antelope Valley, NASA has announced.

SpaceX to Unveil Manned Spaceship Thursday

Elon Musk’s SpaceX will unveil the Dragon V2, its first manned spaceship, Thursday night at its Hawthorne headquarters.

L.A. Gets Federal Manufacturing Assistance

In a major victory for the region, Los Angeles on Wednesday was named as one of 12 metropolitan areas nationwide eligible for $1.3 billion in federal manufacturing assistance.

Report: Apple Eyes $3.2 Billion Bid for Beats

Apple Inc. reportedly is looking to acquire Dr. Dre’s Beats Electronics, the Santa Monica maker of premium headphones that earlier this year launched a subscription-music service.

Brisk Business Boosts Air Lease Profits

Air Lease Corp. late Thursday said first-quarter net income jumped 53 percent as the airline demand for plane leases was on the upswing.

Occidental Will Not Challenge Fracking Bans

Occidental Petroleum Chief Executive Stephen Chazen told analysts Monday that the company’s new California spinoff will not drill in communities that oppose fracking.