Los Angeles Business Journal

LA MANUFACTURING

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

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.

New CEO at Superior Industries

A veteran auto industry executive has been named the new chief executive of aluminum wheel manufacturer Superior Industries International Inc.

Pritzker Group Acquires Technimark

Pritzker Group Private Capital has acquired custom packaging company Technimark.

Gores Group Completes Joint Venture With Premier Foods

West Los Angeles private equity firm Gores Group announced Tuesday that it had finalized a joint venture with British food manufacturer Premier Foods to control Hovis, Premier’s branded line of bread and flour.

BYD Unveils Buses From Local Plant

The Antelope Valley Transit Authority will take delivery in the next few weeks of the first two electric buses made by Chinese manufacturer BYD Motors Inc. at its assembly plant in Lancaster.

Mattel-Mega Brands Deal Gets Canadian OK

Canadian toymaker Mega Brands Brands Inc. on Friday said that its acquisition by Mattel Inc. had been approved by Canadian regulatory courts and was expected to be completed next week.

AllenCo to Spend $700,000 on Improvements

The U.S. Environmental Protection Agency on Thursday announced an agreement with AllenCo Energy Inc. that will require the Signal Hill company to make significant improvements at its controversial oil field near USC.

Mattel Makes Barbie Film Deal With Sony

Sony Pictures Entertainment and toymaker Mattel Inc. on Wednesday announced a deal to bring the El Segundo toymaker's Barbie doll to life in a comedy film.

Better-Than-Expected Quarter Boosts Skechers

Shares of Skechers USA Inc. jumped 5 percent Wednesday after the Manhattan Beach shoe company announced first quarter earnings that soared above expectations.