Los Angeles Business Journal

LA MANUFACTURING

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

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.

Ceres Expands Mexican Operations

Energy crop developer Ceres Inc. on Monday said that it was expanding its plant breeding development in Mexico.

Earnings: Superior Industries, Crown Media, Molina Healthcare

Superior Industries International Inc. matched analysts’ net income estimates for the first quarter but just missed on revenue. Crown Media Holdings Inc. reported a drop in net income for the first quarter despite rising ratings and advertising rates. Molina Healthcare reported a profit for the quarter when analyst were expecting a loss.

Rentech Acquires Wood Pellet Producer

Rentech Inc. on Thursday said that it acquired New England Wood Pellet, considered the largest producer of wood pellets for the U.S. heating market.

Capstone to Raise $30.2 Millon Through Private Placement

Capstone Turbine Corp. on Thursday announced an offering of 18.8 million shares to a single institutional investor that will raise $30.2 million.