Stories for February 2002
Monday, February 25
Orange County small businesses as well as large corporations are more optimistic about the current quarter as the economy shows initial signs of revival
Two years after spinning off from Baxter International Inc., Edwards Lifesciences Corp. is the subject of industry speculation that the Irvine heart valve maker once again could become part of a larger company.
San Jose-based Sanmina-SCI Corp. has closed its 400-person Irvine plant and shifted most of the workers to Costa Mesa as part of a consolidation resulting from Sanmina Corp.'s December buy of SCI Systems Inc.
Orange County's top homebuilders saw new-home sales drop 21% to 6,203 in 2001, though it wasn't from lack of demand, they say.
FOUR YEARS AGO, MIKE CARONA WAS ELECTED COUNTY SHERIFF AND TONY. Commentary by Rick Reiff
INTERVIEWS with the candidates. Three Republicans are vying in next week's primary election for the right to challenge the vulnerable incumbent, Gov. Gray Davis, who is unopposed on the Democratic side.
Medical Offices Planned for Irvine; Cooper Cos.-Biocompatibles Deal Set to Close. HEALTHCARE by Vita Reed
The Orange County Public Company Forum plans to look at how market volatility affects valuations at its annual breakfast seminar on Thursday.
NEXT WEEK, ORANGE COUNTY VOTERS ARE SET TO GIVE THE CITY OF IRVINE. Commentary by Michael Lyster
DPAC Targets Aerospace, Again; SSP Securing Venetian Data
The owner of the Ritz-Carlton Laguna Niguel said it plans to shell out $20 million to $30 million this year to upgrade and expand the luxury resort.
New Breakaway Ad Shop Launched; Del Taco Looking to Sports Marketing. Marketing & Media by Jennifer Bellantonio
BARRING A MIRACLE, THE PROPOSED EL TORO AIRPORT CRASHES NEXT WEEK. Commentary by Rick Reiff
Temp workers have been on the receiving end of layoffs, with companies reluctant to shed permanent employees, a stark contrast to what took place a decade ago.
Apria Healthcare Group Inc. can lay claim to a turnaround, but the Lake Forest-based home healthcare provider's new chief executive says he plans to stay a course of internal growth, acquisitions and cost cutting.
Monday, February 18
A venture capital-backed Costa Mesa company has signed a licensing deal for research done at California State University, Fullerton, with hopes it could lead to a new class of antibiotics.
Nearly six months into the combination of Bergen Brunswig Corp. and AmeriSource Health Corp., company officials say they are satisfied with their progress integrating the drug distributors into AmerisourceBergen Corp.
Rubio's Mantra: More-for-Less; Mendoza Touting Spanish Comic Strip 'Los Kitos'
Not long ago, Mohamed El-Erian was big on Argentina. In early 2000, the bond fund manager for Newport Beach-based Pacific Investment Management Co. counted $2 billion in Argentine bonds,or about a third of his funds under management.
The Newport Beach-based owner of the 1940s-style Ruby's diner chain said it expects to open up to 60 new restaurants in the next five years, including in Orange County.
If the market is humming, then brokerages are hiring like crazy. But if the stock market is down,like it has been for the past two years,then they resort to hiring freezes and layoffs.
Orange County's most inventive company? Broadcom Corp., Conexant Systems Inc.? Try Allergan Inc.
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Motorola Inc.'s cost cutting could slice into its Orange County operations.
Business Groups Push for Legislative 'Clean up'; The landmark workers' compensation package just signed into law by Gov. Gray Davis does more than raise benefits for injured workers.
Carlsbad's Greenland Buys OC's W3M; Odetics Unit Grabs Video Gear Maker Assets
Atairgin Technologies Inc., an Irvine-based company targeting women's health issues, is using an internship program to help develop a system for the early detection of ovarian cancer and breast cancer.
By Rick Reiff - As an internist, endocrinologist, medical testing pioneer, entrepreneur, outdoorsman and philanthropist, Al Nichols spent a lifetime living life and discovering its inner workings...
Last year, the Costa Mesa-based developer of chips and other electronics saw the bankruptcy of its once-promising Silicon Film Technologies subsidiary, which offered a canister that turned film cameras into digital ones.
Irvine-based homebuilder Standard Pacific Corp. said it saw a record number of new home orders in January, led by a near doubling in Southern California.
Newport Beach real estate investor and developer The Hamilton Co. has paid $7 million for Texas Instruments Inc.'s former Tustin facility and is in talks to lease the 85,514-square-foot building.
Smaller Industrial Deals Still Swift; Studley Handles Sybron's Ormco Expansion
Industrial real estate in the Mid-Cities area on the Orange County-Los Angeles border has become a tricky business.
The $2.4 billion Alameda Corridor project, long heralded as a major turning point for the Southland's economy, is heading toward a lukewarm debut in April.
Earlier this month, the Walt Disney Co. announced new additions to be added to California Adventure in the next two years to lure both the pre-school set and thrill-seekers.
Fluor Corp.'s new chief is jockeying for eventual Afghanistan work.
Various Oceanside retail real estate owners, such as Alex Zirpolo, are redeveloping their properties in hopes of taking advantage of strong residential and office construction in the city on Orange County's southern border.
Monday, February 11
McFarland: Post-Irvine Co. life includes Internet bid, a home in Maui and joining a real estate fund manager.
Bates USA West may be struggling to keep its biggest client, Fountain Valley-based Hyundai Motor America, but it has no plans to give up the fight, according to company officials.
INTERVIEW: Martin Gallegos is the state's first Patient Advocate
A couple of Santa Ana defense companies, Wyvern Technologies Inc. and Commerce Overseas,both licensees of Los Angeles-based Northrop Grumman,are forecasting an uptick in work as a result of increased spending by the Defense Department.
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A critical vote on El Toro is just a month away, but county officials say they're pressing on with plans for an airport at the former Marine base. Their latest effort: an initial rendering of what a terminal at El Toro might look like.
For the second year in a row, Orange County bond managers did better than their counterparts who invested in stocks in 2001, according to local money managers.
As the California and U.S. economies gird for job losses this year, OC is projected to grow its employment base by about 1%, an extra 9,000 to 16,000 jobs, depending on who you ask. The gain, albeit small, comes after four years of OC outpacing the nation
Children's Hospital Adds Institute to Research Pediatric Medicine
Arthur Andersen LLP's Orange County office hasn't lost any clients in the wake of the Enron Corp. scandal but faces a critical test in coming weeks.
Expands With Demand for Surveillance Gear. Video surveillance gear maker Alpha Systems Lab Inc. has more than doubled its space with the buy of a 35,000-square-foot building at 1690 Scenic Ave. in Costa Mesa for $3.4 million
Master Development Sells Spec Buildings; New Lowe Unit Lands Its First Project
Hydraflow Inc., a Cerritos maker of hydraulic lines for defense and commercial aircraft, has broken ground on its new headquarters in Fullerton, a move the company expects to complete by year's end.
As Cost Containment Becomes a Big Concern of Business, HMOs Stand to Gain
Homebuilders snatched up entitled lots at a record pace in January, according to one land brokerage firm.
Orange County venture funding rebounded in the fourth quarter after hitting its lowest level in three years in 2001.
Under Physician Ownership, San Clemente Hospital Has More Services, Less Red Ink
Downtown Disney is shaping up as the gem of Disneyland Resort's recent expansion.
Pacific Sunwear Tries to Widen Appeal; Mouse Alum Vandermost on His Own
Norstan Moves From Brea to Irvine; IMC Networks Fills in Map with East Coast Office
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Electric vehicle maker Taylor-Dunn Corp. is scrapping an expansion of its Anaheim headquarters because of the state's recently passed workers' compensation bill, Chief Executive Jim Goodwin said.
Despite Some Churning, HMOs Grew Memberships 6% in OC in 2001
Monday, February 4
NeoBrands Wins a Shootout; Del Taco Sticking With Dan
Orange County's largest foreign-owned companies shed nearly 1,000 jobs last year, lead by technology companies and makers of industrial goods.
After a year of rewinding, Universal Electronics Inc. is ready to hit play.
Emulex Raises Cash for Possible Acquisitions; Former Fujitsu Phone Gear Unit Gets New Name
Norma Glover's credentials as new chairwoman of the South Coast Air Quality Management District's Governing Board couldn't be more different than those of her predecessor, William Burke.
Generous Portions, Homestyle Ingredients Highlight Restaurant Near Brentwood
Quiksilver Inc. has added 112,000 square feet to its Huntington Beach campus, hired 50 warehouse workers and plans to add up to 30 more, according to a company official.
Gambro Opens Fullerton Dialysis Center; ChromaVision Teams Up on Reagents.
4-Year-Old Bank Holding Company Targets $1B in Assets by Year's End
The Cooper Cos., a Lake Forest-based contact lens maker, is looking to a generation of children and teens who watch tons of TV, surf the Internet and play video games to fuel its growth.
Orange County real estate sources say they expect to see a big spike in January new home sales when numbers start coming in later this month.
Viking Components Inc. has widened its search for a new home to Foothill Ranch and Rancho Santa Margarita, even as it still weighs details for a facility in Aliso Viejo, a company spokesman said.
What builder Olen Properties Corp. developed with some overseas entities apparently includes a $148 million tax headache. The Internal Revenue Service has demanded that much in back taxes and penalties from Newport Beach-based Olen Properties and its Ole
Hendricks & Partners Handles Aliso Viejo Apartment Sale; Voit's Year-End Report Details Decline.
Irvine-based Epicor Software Corp., a maker of accounting and other software for small and midsize businesses, said it has opened a new learning center in Boca Raton, Fla.
Gov. Gray Davis, state Sen. President John Burton, D-San Francisco, and state labor leaders have agreed to a $2.5 billion hike in workers' compensation benefits paid out by employers to injured workers.
As Cox Communications Inc. struggles to switch users from the now-defunct @Home cable Internet service to its own system, high-speed Internet rivals are circling.