Ford Motor Co. is shutting down a design studio it operates in Irvine, resulting in 263 layoffs. The closure of Ford Design Studio, located at 3 Glen Bell Way in Irvine, was announced in a June 30 Worker Adjustment and Retraining Notification, or WARN, letter. Ford Design Studio will close Read More
Ingram Micro, a tech and electronics distribution giant, said it has been hit by a ransomware cyberattack. The Irvine-based company (NYSE: INGM) on July 5 first reported the attack, which knocked out much of its network. The company said it was “working diligently to restore the affected systems.” “The outage Read More
Orange County is home to the largest population of Vietnamese people outside of Vietnam. Within the thriving ethnic enclave is a collection of strip malls spanning parts of Westminster, Garden Grove, Fountain Valley and Santa Ana known as Little Saigon. Vietnamese grocery stores, restaurants and delis, totaling in more than Read More
SpyGlass Pharma Inc. has raised a $75 million Series D round that brings the company closer to commercializing its intraocular lens (IOL). Proceeds from the round, announced at the beginning of June, will help fund two large Phase 3 trials, which are set to begin later this year. “This not Read More
Chief Executive Paul Bay is leading tech distribution giant Ingram Micro into a digital future designed to shed time-consuming tasks and boost sales and margins. The Irvine-based company is betting that its AI-powered Xvantage platform will improve the industry’s traditional sales model. The platform is designed to streamline the process Read More
During a city beautification event held in a lot behind Advance Beauty College, Garden Grove Mayor Stephanie Klopfenstein described the trade school’s chairman, Tam Nguyễn, as the ultimate connector. “His middle name should be collaborator,” she told a crowd gathered to mark the first brush strokes of a vibrant mural Read More
There’s been changes to the leadership structure of the Irvine Company, OC’s largest real estate firm and arguably the county’s most influential business. The Newport Beach-based firm recently promoted Frank Abeling and Jonathan Brinsden to the roles of co-president, positions just below chairman and owner Don Bren in Irvine Co.’s Read More
A 134,000-square-foot industrial building in Santa Ana that’s fully occupied by The Home Depot was recently bought by a Bellevue, Washington-based real estate investment trust, or REIT. Late last month, Terreno Realty Corp. bought The Home Depot retail location at 3500 W. MacArthur Blvd. in Santa Ana for $49.5 million, Read More
Local business leaders’ outlook has recovered from the initial shock of President Donald Trump’s tariff threats and brewing trade wars, but it has a long way to go to regain the enthusiasm measured for the start of the year. “Markets have recovered. People are not as scared and shocked as Read More
It’s a long way from fleeing Vietnam to founding Costa Mesa-based software company MeridianLink Inc. by way of a refugee camp in Hong Kong. Tim Nguyễn, a graduate of University California, Irvine, definitely took the road less traveled. “The fall of Saigon in 1975 precipitated a mass exodus of the Read More
