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Capstone Makes Sale in Kazakhstan

An oil and gas producer in western Kazakhstan ordered its first microturbine from Capstone Turbine Corp. for use in a gas-to-energy project.

Saalex Becomes Employee-Owned Company

Saalex Corp. has announced that the company is now owned by its employees through an employee stock ownership plan.

Virgin Galactic Merger Forms First Public Space Tourism Company

Virgin Galactic is merging with public investment firm Social Capital Hedosophia to form the first publicly traded commercial space tourism company

Valley-made Rocket Engines Ready for Blastoff

Four rocket engines originally designed for the Space Shuttle have been delivered to Michoud Assembly Facility near New Orleans to be attached to the core stage of the Space Launch System, NASA’s next generation heavy-lift rocket that will take astronauts on missions into deep space, potentially even to Mars.

Tease photo

Cherokee Changes Name to Apex

Cherokee Global Brands announced Tuesday that it will change its name to Apex Global Brands, effective tomorrow.

Candy Company to Close Glendale Office

Ferrara Candy Co. is closing its downtown Glendale offices, resulting in layoffs for some of the 88 employees working there.

AeroVironment Beats Estimates on Revenue

AeroVironment Inc. matched Wall Street estimates on earnings and beat on revenue for the fiscal fourth quarter.

Cherokee Global Brands Appoints New Chairman

Clothing and footwear company Cherokee Global Brands, based in Sherman Oaks, announced last week the appointment of current director Evan Hengel as chairman of the board of directors.

Moorpark's ERP Power Acquires Tunable Light Manufacturer

ERP Power LLC has acquired Lumenetix, a Northern California manufacturer of tunable LED lamps for the lighting market.

Former Federal Energy Regulator Joins Capstone Board

Capstone Turbine Corp. has appointed Robert Powelson to its board of directors.

Toymaker MGA Proposes Merger with Rival Mattel

Chatsworth toy manufacturer MGA Entertainment Inc. made a bid last month to merge with rival toy company Mattel Inc., in El Segundo, which rejected the offer.

AeroVironment Buys Unmanned Helicopter Company

AeroVironment Inc. has acquired Pulse Aerospace LLC, a maker of unmanned helicopters in a deal valued at $25.7 million.

Chatsworth Cell Phone Recycler to Close, Lay Off Workers

P4C Global, a Chatsworth company that recycles cell phones and batteries, is closing its office and warehouse this summer, resulting in the layoffs of 35 employees.

Funrise Acquires Caterpillar Toy License

Funrise Inc. in Van Nuys has inked a multi-year licensing agreement with Caterpillar Inc. to manufacture and distribute a line of toys based on the company’s construction machines and vehicles.

BYD to Install Solar at Antelope Valley Plant

BYD Motors Ltd. has partnered with Apparent Inc. on a two-megawatt solar and energy storage project at its Lancaster manufacturing plant.