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Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading to 2,719.52.

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Still In The Picture

Cuts at Headquarters Meant to Fuel Growth

Vizio Inc. has downsized its Irvine operation and is in jeopardy of losing its long-held No. 2 position in flat-panel TV sales in North America.

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OC 500: Howard F. Ahmanson Jr.

Home Savings scion quickened arts pace 2017 … showings, OC; gallery planned LA … art a passion of late father, wife Roberta … new digs could work for another focus: salons … ‘conversations on culture’ says one

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JWA Traffic Up

Year-over-year John Wayne Airport passenger traffic was up 5% in April to 894,000 on about 3,775 commercial flights, up 4.4%.

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Chipotle Moving to Newport

Chipotle Mexican Grill is moving to Newport Beach.

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Midday Stock Roundup

The S&P 500 was down 0.2% in midday trading to 2,728.24.

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PacSun Explores Merger

Anaheim-based retail chain Pacific Sunwear of California is reported to be in talks with Bellevue, Wash.-based sports retailer Eddie Bauer to consolidate their businesses, according to Reuters.

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Orange Offices Eyed for Rentals, For-Sale Homes

A seven-building office complex in Orange near MainPlace Mall in Santa Ana has been proposed as the site of a large residential complex featuring rental units and for-sale homes.

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OC 500: Joan Irvine Smith

Her grandfather incorporated Irvine Ranch … fortune from Irvine family inheritance, sale in Irvine Co. stake … has backed education, health initiatives, related work … gave Irvine Museum Collection to UCI 2016 … equestrian, rancher … sold horse farm in 2011 for $20M … born 1933; shares given name with late mother, Athalie Anita … father died when she was 2 … three sons

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OC First On Galaxy’s Edge

Walt Disney Co. said Star Wars: Galaxy’s Edge will open at Disneyland Resort in summer 2019; the Walt Disney World iteration will follow in late fall.

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Visit Anaheim Teases 2019 Event

Visit Anaheim Chief Executive Jay Burress today in Denver led a live-streamed, kick-off to promote a 2019 tradeshow expected to bring about 6,000 travel industry attendees to Anaheim and Orange County.

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Chipotle Moving to Newport

Chipotle Mexican Grill is moving to Newport Beach.

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Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading to 2,716.91.

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DPW Buys Israeli Firm

Newport Beach-based DPW Holdings Inc. (NYSE American: DPW) said subsidiary Coolisys Technologies Inc. bought Enertec Systems 2001 Ltd. of Israel for $4.8 million.

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Real Mex for Sale

Real Mex Restaurants Inc.’s owners seek to sell the chain and have hired investment bank Piper Jaffray to unearth a buyer, according to Bloomberg. The chain’s second bankruptcy filing in seven years could precede a transaction, the report said.

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Museum Site Project Plans Scaled Down

REAL ESTATE: Vivante senior homes on table for NB

Plans are under way to build a high-end senior living facility on the site of Orange County Museum of Art in Newport Beach, where the museum has been since the late 1970s.

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OC 500: David Pyott

Led Allergan through prevention of hostile takeover, sold to Actavis PLC, now Allergan PLC … $543M payout … focus on giving … SJC foundation backs glaucoma treatment training, education, builds eye clinics in developing nations … advisory boards, exec roles eyecare nonprofits … chair, Bioniz Therapeutics, Irvine, where with Joe Kiani led $13M funding 2016 … mountaineer … Business Journal OC’s Wealthiest, $275M

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Mitsubishi Electric US Names First COO

Mitsubishi Electric US Inc. in Cypress named Mike Corbo to the newly created position of chief operating officer.

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Midday Stock Roundup

The S&P 500 increased 0.1% in midday trading to 2,735.26.

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For 35 Years, an OC Immigrant Success Story

Now Charlie Zhang Pursues His Dream

Charlie Zhang built his fortune in the restaurant business when he started fast-casual chain Pick Up Stix in 1989 in Rancho Santa Margarita—growing to 100 locations, then selling it in 2001 to TGI Friday’s owner Carlson Restaurants Worldwide for $50 million.

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