Los Angeles Business Journal

LA MANUFACTURING

Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...
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Security System Maker Risks Taking on Big Guys

MANUFACTURING: Smaller player Astrophysics aims to expands sales by 50 percent.

Astrophysics battles bigger rivals to lock down a piece of the security screening market.

Solid Concepts Is Acquired

Stratasys, an international 3-D printing company, said it plans to buy Valencia’s Solid Concepts Inc. and another private company in Texas, and will merge them with its own manufacturing subsidiary.

Platinum Equity Sells Tech Holding

Platinum Equity on Wednesday said that has sold Truesense Imaging to On Semiconductor Corp., a Phoenix maker of chips for electronic systems.

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Spillover Feared in Fracking Ban

ENERGY: Industry sees city of L.A. proposal closing other wells.

Oil companies fear a city of L.A. proposal to halt fracking would spill over to other drilling practices.

All-Electric Satellite Project Builds Positive Buzz

AEROSPACE: Boeing says deals came quickly for its more efficient products.

Boeing Co. announced last week that it has completed the primary structures of the world’s first pair of all-electric satellites, which are expected to be delivered late this year or early next.

Long Beach Transit Cancels BYD Bus Contract

The board of Long Beach Transit voted Thursday to cancel the transit agency's contract for 10 of BYD Motors Inc.’s electric buses.

Houston Jury Decides Against Reliance Steel

A federal court jury in Houston has awarded at least $52 million to a Houston steel distributor that claimed Reliance Steel & Aluminum Co. and other companies colluded to hinder its growth.

American Apparel Prices $30.5 Million Stock Sale

Shares of American Apparel Inc. dropped another 14 percent on Wednesday after the apparel company priced a dilutive sale of common shares 9 cents below Tuesday’s closing price.

American Apparel Shares Plunge on News of Offering

Shares of American Apparel Inc. fell 22 percent Tuesday after the Los Angeles fashion company said it launched an underwritten public offering of $30.5 million of shares of its common stock in continuing efforts to deal with its dire financial challenges.

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Deep L.A. Roots

BUSINESS PERSONS OF THE YEAR: Agribusiness billionaires Stewart and Lynda Resnick have planted themselves at heart of philanthropic, cultural scenes.

Agribusiness billionaires Lynda and Stewart Resnick have branched out into supporting L.A.’s philanthropic and arts scenes.

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Water Purification Business Cleans Up in Pickup

TECHNOLOGY: NanoH2O bought for $200 million by South Korea’s LG Chem.

NanoH2O’s sea water desalinization process makes a splash with South Korea’s LG Chem.

Oil Giant Dug Its Own Hole

COMMENT

Charles Crumpley notes that fracking opponents don’t trust Occidental Petroleum and seconds the emotion.

Pumped-Up Radicalism

OP-ED: Activists invoke word ‘fracking’ to get Los Angeles City Council to ban oil industry in city limits.

Los Angeles City Council has broken new ground on fracking panic with a potential ban on oil drilling, writes Dave Quast.

Fracking Concerns Moves Carson to Moratorium

The Carson City Council on Wednesday unanimously approved a 45-day moratorium on new oil and gas drilling, largely due to concerns about hydraulic fracking.

Guess Expects a Loss in Current Quarter

Shares Guess Inc. fell nearly 6 percent in after-hours trading Wednesday after the apparel company reported a lower fourth-quarter profit and forecast a loss for the current quarter.