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May 5 - 11, 2007

Read ALL the Stories in the Weekly Edition

Arbor Day
Renovation of El Toro Road has given way to stores and eateries at The Arbor

EXECUTIVE SUMMARY
This past week’s news from www.ocbj.com and other sources

CalPers Calls for Change to Standard Pacific’s Board
Irvine-based Standard Pacific’s recent executive change isn’t enough, in the Real Estate column

Browse the complete Table of Contents - stories, charts, and editorial - for the current edition of the Journal

Read this week's featured Special Report articlesl

Updated: 5/8/2008 5:11:18 PM

Jazz Mum on Buyers; Observer Comes Up With Short List
Newport Beach-based contract chip maker Jazz Technologies Inc. didn’t offer an update on talks with potential buyers during its quarterly conference call earlier this week.

Fremont Selling Last Remaining Business: Mortgage Servicing
Brea-based Fremont General Corp. has struck a deal to sell what’s left of the onetime subprime lender.

Wet Seal Shares Rise on Upped Outlook; PacSun Sees Bigger Loss
Foothill Ranch-based retail Wet Seal Inc. reported a decline in April same-store sales but its shares jumped on a raised outlook for the recently ended quarter, while Anaheim’s Pacific Sunwear of California Inc.’s April sales fell short of expectations and the company lowered its outlook.

Report: Sunstone Hotel Up for Sale
San Clemente-based hotel owner Sunstone Hotel Investors Inc. is up for sale with Bear Stearns taking bids on the company, according to a report by London-based market tracker dealReporter.

UCI Nabs $27.2 in State Funding for Stem Cell Center
The University of California, Irvine, on Wednesday said it received $27.2 million from the state to build its stem cell research facility.

CEO: Valeant Results Show
Valeant Pharmaceuticals International, an Aliso Viejo drug maker that's undergoing restructuring, said Wednesday that it posted a first-quarter profit before charges.

Allergan Beats Expectations; Concerns About Botox
Irvine-based Allergan Inc. said Wednesday that its first-quarter profit prior to charges exceeded analysts’ expectations, but its shares fell as much as 5% and closed down 3%, likely on concerns about slowing domestic sales of flagship wrinkle-remover Botox.

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American plane loses panel in flight, flies to Paris

Ex-Patriots employee sends league eight tapes

Air pollution in Wyo. community rivals that of big cities

Kobe's 34 points help Lakers beat Jazz and take 2-0 lead

Chinese team takes Olympic torch to top of Mount Everest

Sharpton and others arrested in N.Y. shooting protest

Microsoft: No Plans For Another Bid for Yahoo
Microsoft has no plans to make another approach for Yahoo Inc. after it pulled its $47.5 billion bid earlier this month, Microsoft's Chief Research and Strategy Officer Craig Mundie said on Thursday.

Report: U.S. Not Slipped into Recession, Lazear Says
U.S. Council of Economic Advisers Chairman Edward Lazear is confident the economy has not slipped into a recession and is optimistic that the economic stimulus payments could help growth in the current quarter, the Wall Street Journal said on Thursday.

Shoppers Go After Bargains for April Rebound
Retail sales rebounded in April after the worst March in 13 years, as warmer weather boosted demand for spring and summer apparel, while most discounters shined as cash-strapped consumers hunted for bargains.

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