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Latest Local News
The most recent Business Journal articles featured in the Latest Local News section of the Web site.
Quest Jumps on Q1 Results
Aliso Viejo-based business software maker Quest Software Inc. saw its shares rise 7% in midday New York trading Friday, a day after beating expectations for first-quarter results and offering a 2008 sales forecast that topped expectations at the high end.
Spectrum Sells Drugs to Focus on Other Products
Spectrum Pharmaceuticals Inc. said Friday that it has sold four of its injectable generic drugs.
Coatings Maker SDC Selling to Mitsui for $95M
Irvine-based SDC Technologies Inc., a maker of coatings for glasses, windows and display screens, is being sold to Japan’s Mitsui Chemicals Inc. for $95 million.
Fremont Could File for Bankruptcy
Brea-based Fremont General Corp., once one of the country’s largest subprime lenders, says it might file for bankruptcy.
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.
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.
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.
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.
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.
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.
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