Stories for September 2003

Monday, September 29

Regrouping MSC Slumps as Software Rivals Rally

Orange County software makers are among the big winners on Wall Street this year. But not Santa Ana's MSC.Software Corp

MARKET WATCH

Week's Best, Worst Performers; Roth OC50, Billion Dollar Club, OC Tech; Index Watch, 52-week Performance (Adobe PDF)

Schools Pursue Growth in Media Studies, Eye State Budget Woes

The lure of Hollywood's glitz and glamour has hit Orange County students.

Expectations on Upswing for OC's Top Executives

Business leaders have struck a confident tone after two years of peaks and craters, according to the Orange County Business Expectations Index for the fourth quarter.

LOCATION, LOCATION

High-Profile Shoots Highlight OC Film Production Gains This Year

REAL ESTATE DEALS

This week's postings of Real Estate sales and leases

Medical Offices Set for South OC

A medical office building planned for Mission Viejo could help ease what some see as a dearth of healthcare facilities in South County.

REAL ESTATE WATCH - Indications of Market Turn in North, Central County

Net Absorption; Vacancy Rates; Average Asking Lease Rates (includes charts in Adobe PDF)

Banks Sigh Relief With ID Card Nod

Orange County banks courting Hispanics dodged a bullet last week when the Treasury Department reaffirmed the use of Mexican identification cards to open bank accounts.

Decision To Slice Film Rebates Questioned

California's bid to encourage filming in the state has spread about $7 million a year among hundreds of productions,barely chump change for the major studios.

LETTERS

Letters to the editor

PEOPLE

Orange County Businesspeople in the news, on the move...

EXECUTIVE SUMMARY

Summaries of other business news and top stories by industry; Economic Indicators

Monday, September 22

SIDE EFFECTS

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SLOW AND STEADY

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Sun Gets $75M Credit; Sees More Asset Sales

Irvine-based Sun Healthcare Group Inc. is on firmer ground after inking a $75 million line of credit with CapitalSource Finance LLC of Chevy Chase, Md., and other lenders.

THE LIST - Medical Device Makers

The Business Journal's List of OC's top 25 Medical Device Makers

Restaurant Operator Moves to Carlsbad

Irvine-based Catalina Restaurant Group Inc. has moved its headquarters to Carlsbad.

Hurley Leases Warehouse as Part of Growth Bid

Costa Mesa-based Hurley International LLC plans to more than double its space with a new distribution center in Irvine.

LETTERS

Letters to the editor

REAL ESTATE DEALS

This week's postings of Real Estate sales and leases

Recall Brings On Flood of Bills Targeting Employers

Making things easier for business is a big theme of the recall campaign. But the bid to oust Gov. Gray Davis has had an opposite effect in the Legislature.

Real Estate Watch: South County

Big Demand for Small Space in South County; Charts: Net Absorption; Vacancy Rates; Average Asking Lease Rates (Adobe PDF)

EXECUTIVE SUMMARY

Summaries of other business news and top stories by industry; Economic Indicators

Orange Radio Station Selling For $37.5M; Likely Going Spanish

Orange's KPLS-AM (830) talk radio station is being bought, and its future is looking decidedly espa & #324;ol.

Healthcare Bill: Strange Bedfellows, Weird Politics

When state Sen. Jackie Speier introduced a two-page bill a year ago to establish employer-mandated health coverage, barely anyone noticed. Those who did gave it scant chance of passing.

MARKET WATCH

Week's Best, Worst Performers; Roth OC50, Billion Dollar Club, OC Tech; Index Watch, 52-week Performance (Adobe PDF)

PEOPLE

Orange County Businesspeople in the news, on the move...

THE LIST - Drug Makers

The Business Journal's List of OC's top 10 Drug Makers

Monday, September 15

MORE STATIC - Top Telecoms Shed 910 Workers as Slump Continues

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MACRO FUNDED - MicroVention's $10M Funding Brings Total Raised to $53M

MicroVention Inc., an Aliso Viejo-based startup medical device maker, has nabbed $10 million in an extension of its fourth round of venture funding.

GLOBAL MESS - Global Crossing Top Brass May Get Off the Hook in Suits

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REAL ESTATE DEALS

This week's postings of Real Estate sales and leases

Real Estate Watch: Airport/Central Coast

Charts: Net Absorption; Vacancy Rates; Average Asking Lease Rates

They Say; Two Paper Town

California's Half-Full Glass

MARKET WATCH

Week's Best, Worst Performers; Roth OC50, Billion Dollar Club, OC Tech; Index Watch, 52-week Performance (Adobe PDF)

Reforms Could Ease Pending Workers' Comp Premium Hike

California's workers' compensation reform package likely will bring lower premiums for employers. How much is the question.

China Currency Reform Could Bring Mixed Results

Orange County companies are in the middle of the tug-of-war over China's currency.

Warehousing Company Leases Larger Building

Santa Ana-based warehousing company Terry Bowman Group of Logistics has more than doubled its space with a move into 250,000 square feet on East Dyer Road.

EXECUTIVE SUMMARY

Summaries of other business news and top stories by industry; Economic Indicators

PEOPLE

Orange County Businesspeople in the news, on the move...

Toshiba's PC Chief Bolts Amid Shakeup

The head of Toshiba Corp.'s U.S. computer business has resigned, with more changes expected at the Irvine-based unit.

KUDOS

Eight people at Mission Viejo-based Merit Property Management Inc. won Vision Awards at the California Association of Community Managers ceremony recently held at the Disneyland Hotel...

Electronics Maker FCI Pares 50 Cypress Jobs

FCI Electronics, part of France's Areva Group, plans to lay off 50 people at a research and development facility in Cypress, according to figures filed with the state.

World Series, Other Sports Events: Estimated $100M Economic Impact

From the World Series to the U.S. Open surfing finals, sporting events have spurred an estimated $100 million in economic impact for Orange County in the past year.

LETTERS

Letters to the editor

Monday, September 8

HOUSEHOLD HELP - Hot Housing Market Revives Architects

HOUSEHOLD HELP

THE LIST - Engineering Companies

The Business Journal's List of OC's top 30 Engineering Companies

Layton-Belling Launches $215M Real Estate Fund

Newport Beach-based real estate investor Layton-Belling & Associates has raised $215 million for a new fund to buy buildings in and around Orange County.

SWING VOTE - Freedom Heiresses In Legal Maneuver to Control Key Voting Block

Three heiresses of the Freedom Communications Inc. empire have gone to court to stop a trustee from selling those shares or taking part in a shareholder vote on whether to sell the company.

REAL ESTATE WATCH - Research & Development

Charts: Net Absorption; Vacancy Rates; Average Asking Lease Rates (Adobe PDF)

Kudos

Awards and Recognition

Conexant Comeback: More to Come or All Done?

Newport Beach-based Conexant Systems Inc. is back in Orange County's billion-dollar club, but can the chipmaker stay there?

Barbeques Galore Names New Top U.S. Executive

Australia's Barbeques Galore Ltd., mired in an earnings slump, last week named department store executive Michael Lindblad as chief executive of its Lake Forest-based U.S. arm.

Rebound on Tap for Venture Deals?

After years of shunning most new investments, venture capitalists say their interests are being piqued by refined business plans, compelling technologies and seasoned executives.

THE LIST: Architectural Firms

The Business Journal's List of Top 30 OC Architectural Firms

LOOKING UP - Engineering Companies Post Higher Billings, Though Fluor Dampened Total

LOOKING UP

MARKET WATCH

Week's Best, Worst Performers; Roth OC50, Billion Dollar Club, OC Tech; Index Watch, 52-week Performance (Adobe PDF)

EXECUTIVE SUMMARY

Summaries of other business news and top stories by industry; Economic Indicators

PEOPLE

Orange County Businesspeople in the news, on the move...

LETTERS

Letters to the Editor

Monday, September 1

TEMPORARY REPRIEVE - Temp Agencies Stem Last Year's Steep Revenue Decline

TEMPORARY REPRIEVE

MARKET WATCH

Week's Best, Worst Performers; Roth OC50, Billion Dollar Club, OC Tech; Index Watch, 52-week Performance (Adobe PDF)

Paper Exporter Lands Investment From Recycler Canusa Hershman

Branford, Conn.-based recycled paper broker Canusa Hershman Recycling Co. has taken a stake in Brea's Newport CH International LLC, which ships used paper to Asia for recycling.

EXECUTIVE SUMMARY

Summaries of other business news and top stories by industry; Rutan & Tucker Forms Construction Law Unit; Samsung Orders $3.5M in Powerwave Products

Auto Club Seeks to End Director Votes

In the era of good corporate governance, Costa Mesa-based Automobile Club of Southern California has a row on its hands over appointing, rather than electing, its directors.

Real Estate Watch: Manufacturing & Warehouse

Charts: Net Absorption; Vacancy Rates; Average Asking Lease Rates

Reformed HMOs Gain Amid Rising Healthcare Costs

HMOs are back. That's the word from a recent report on Orange County healthcare by the Center for Studying Health System Change, a Washington, D.C., healthcare policy group.

Change of Heart - Edwards Readies for New Era of Heart Valves, Less Major Surgery

Heart valve maker Edwards Lifesciences Corp. of Irvine is readying for a world where heart surgery isn't what it used to be.

PEOPLE

Orange County Businesspeople in the news, on the move...

LETTERS

Letters to the Editor

REAL ESTATE DEALS

This week's postings of Real Estate sales and leases