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Midday Stock Roundup

The S&P 500 was up 0.5% in midday trading to 2,713.90.

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OC 500: Laila Pence

Started firm 1999 with husband, Dryden … AUM $1.3B, up from $550M 2010 … Egyptian-born, advised ministers 2017 in that country on capital markets … 30 workers, four offices in Calif., Mich. … Business Journal Women in Business honoree 2012 … Barron’s top-10 ‘women advisors in U.S.’ … UCLA grad … backs United Way, Magdi Yacoub to build heart center in Aswan, Egypt

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Laguna Hotel Sells for $21M

Laguna Riviera Beach Resort sold for $21 million, title transfers and CoStar Group information confirm.

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Mazzo Mistrial Again

Jurors deadlocked Wednesday in the retrial of local medical device executive Jim Mazzo on insider trading and perjury charges. Judge Andrew Guilford declared a mistrial.

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App-Based Temp Firm Gets CFO

ShiftPixy Inc. in January named Patrice Launay chief financial officer to replace Stephen DeSantis, who resigned in October.

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Alteryx Beats in Q4

Irvine-based Alteryx Inc. reported fourth quarter revenue and operating income that topped Wall Street expectations, with shares trading 17% higher after the release of the results.

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Taco Bell's $9.8 Billion Bests Burger King

Taco Bell systemwide sales rose 5% in 2017 to $9.8 billion, making it the fourth-largest U.S. restaurant brand by that metric, according to early numbers from Chicago-based food industry consultant Technomic Inc.

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OC 500: Dean Stoecker

Took Irvine-based analytics software maker public in March 2017 … first OC IPO in two years … raised $114M net … shares up about 25% in first six months to $1.1B market cap … beat estimates first two Qs as public co. … raised about $160M prior to IPO … bought Yhat Inc., Brooklyn, June 2017

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Midday Stock Roundup

The S&P 500 was up 0.7% in midday trading to 2,734.47.

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Montage Sets Sonoma Details

A long-rumored Montage Hotels & Resorts property in wine country gets underway this spring for an expected 2020 opening.

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Mazzo Jury, Day 4

The jury in the retrial of former Advanced Medical Optics (AMO) Chief Executive Jim Mazzo deliberated for a third day on Tuesday and went home—with reports that one was ill. Mazzo is being retried at the Ronald Reagan Federal Courthouse in Santa Ana on 16 counts of violating insider trading laws and four new counts of perjury.

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Midday Stock Roundup

The S&P 500 was down 0.2% in midday trading to 2,727.94.

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William Lyon Homes Pays $460M for Local Builder

William Lyon Homes said on Tuesday that it has agreed to buy fellow Newport Beach-based homebuilder RSI Communities, for $460 million.

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OC 500: Michael Mussallem

Heads largest OC publicly traded co. … $24B market cap … 12.2K workers: added 500, 2017, adding 500, 2018 … heart valves … $3B revenue; $570M net income … multiyear HQ upgrade … bought nearby buildings … three success words: ‘putting patients first’ … personal foundation backs Down Syndrome work, including Glennwood House, Laguna Beach … favorite quote: ‘knowledge speaks, wisdom listens’

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Renaissance NB Readied

Renaissance Hotel Newport Beach debuted today, with the full $30 million renovation expected to finish by spring, a press release said.

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Nemus Raises $1.75M

Nemus Bioscience Inc. (OTCQB: NMUS) received a $1.75 million private placement from majority shareholder Emerald Health Sciences Inc. and other investors.

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Midday Stock Roundup

The markets are closed today for the President's Day holiday.

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OC 500: Kimberly Chavalas Cripe

20 years as chief exec … revenue $523M, up from $498M … pediatric mental health campaign ‘Let’s Talk About It’ to boost support … $18M in backing … 18 kid beds inpatient center started last year, completion next

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Long Beach Airport Traffic Up

Year-over-year Long Beach Airport passenger traffic year-over-year increased 7% in January to about 321,000.

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Digital Tools Grow as Patient-Engagement Evolves

Include Monitoring, More Access to Care on Demand

Digital health is the buzzword when it comes to the present and the future of care. Technologies, such as telemedicine, remote patient monitoring and patient engagement via smartphones, are designed to enable providers and patients to manage health and wellness more effectively and cost-efficiently.

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