Stories for April 2005
Friday, April 29
Orange County medical entrepreneur and philanthropist Mark Chapin Johnson has sold his Chapin Medical Co. to AmerisourceBergen Corp.
The stakes are rising in Gen. William Lyon's bid to take Newport Beach-based William Lyon Homes Inc. private.
U.S. consumer spending rose 0.6% in March but inflation ate up most of the gain, while first-quarter worker compensation posted the smallest increase in six years, the government said on Friday.
Clear Channel Communications Inc., the largest U.S. radio station chain which has been battling falling audiences, on Friday said it will spin off its unit that produces live entertainment and sell about 10% of its outdoor advertising business in an IPO.
Berkshire Hathaway shareholders said Warren Buffett's reputation is not blemished by recent investigations that have touched the company he leads, and that they will turn out in droves at this weekend's annual meeting to show support.
Nationwide, Irvine's Standard Pacific Corp. boomed in the first quarter, with a 94% rise in profits versus a year ago, the company said late Thursday. In Southern California, the company experienced a decline in orders for new homes.
Thursday, April 28
U.S. defense contractors reported strong quarterly earnings on Thursday as the Pentagon put billions into high tech military equipment and services. Earnings soared 76% at Northrop Grumman Corp., 30% at Raytheon Co. and 22% at Goodrich .
San Clemente-based Sunstone Hotel Investors Inc. is buying five hotels and a joint venture stake from Marriott International Inc. for $419 million.
Microsoft Corp. posted a higher quarterly profit and sales on better-than-expected demand for personal computers as well as strong sales of its server software and Xbox game consoles, the world's largest software maker said on Thursday.
Santa Ana's Ingram Micro Inc. on Thursday reported higher sales and profits for the first quarter.
It's official: Tustin-based SI Technologies Inc. on Thursday was bought by Vishay Intertechnology Inc.
The economy grew at its softest pace in two years during the first quarter this year, slowing to a 3.1% annual rate of expansion as consumers and businesses curbed spending in the face of rising prices, the Commerce Department said on Thursday.
Shares of IntraLase Corp. jumped 10.4% to $17 Thursday after it recorded a profitable first quarter, the first since its inception in 1997.
PacifiCare Health Systems Inc. said Thursday that its profit rose 25% in the first quarter. The catalysts: an increase in senior health plan membership, a big acquisition and growth in its mail-order drug delivery business.
Stocks ended lower Thursday, with the Nasdaq putting in its worst performance in more than six months on data pointing to a slowdown in the economy and a pick-up in inflation. Worries over the economy eclipsed a round of solid earnings reports led by Proc
Irvine-based Gateway Inc. on Thursday nearly erased its loss for the first quarter, but it saw a slight drop in revenue as the personal-computer company continued with ongoing restructuring efforts.
Wednesday, April 27
New orders for long-lasting U.S.-made goods plunged unexpectedly by 2.8% in March, the biggest drop since September 2002, as orders for aircraft fell sharply, the government said on Wednesday.
An accounting review, management shift and potential stock delisting. It's not surprising that Autobytel Inc. named a new chief executive Wednesday.
Former Tyco International Ltd. Chief Executive Dennis Kozlowski, who declined to testify at his first trial, finally took the witness stand on Wednesday to deny charges he stole millions of dollars from the company.
Applications for home mortgages increased last week, as refinancing and purchasing activity rose amid lower interest rates on loans, an industry group said on Wednesday.
The general has entered stage two of his plan to buyback the homebuilding company that bears his name: Newport Beach-based William Lyon Homes Inc. But the price is going up.
China's economy is heading for a soft landing though there is a good deal of uncertainty about the next stage of its economic cycle, the World Bank said on Wednesday.
Beckman Coulter Inc. has made its first deal under new Chief Executive Scott Garrett.
Investors hit shares of Irvine-based Allergan Inc. Wednesday after sales of the drug maker's flagship Botox wrinkle-reducing drug missed analysts' forecasts and the company warned its second-quarter earnings might fall a bit below estimates.
Oil prices slid almost 5% on Wednesday as U.S. crude oil supplies grew on the third-highest weekly import level on record. U.S. light crude dropped $2.59, to $51.61 a barrel, about 11 percent below the all-time high of $58.28 struck earlier this month.
Investors soured on Corinthian Colleges Inc.'s earnings outlook Wednesday, sending shares down 17% to $14.
Boeing Co. on Wednesday said quarterly earnings fell 14% as pension and compensation costs rose, but operating results improved at its core commercial jet and defense units.
Tuesday, April 26
General Motors Acceptance Corp, the funding arm of General Motors Corp., is prepared for a possible downgrade to below investment grade but does not deserve it, the company's chief financial officer said on Tuesday.
The trial of former Bank of America Corp. broker Theodore Sihpol started Tuesday, marking the first time the New York Attorney General's office has taken a case before a jury in Eliot Spitzer's crusade to change Wall Street and the U.S. mutual fund indust
IBM's top 50 executives have agreed to forego any salary increase until business at the world's largest computer company recovers, its chief executive told IBM shareholders on Tuesday.
India's international carrier, Air-India, approved on Tuesday the purchase of up to 50 long-range and medium-range Boeing planes at a cost of about 300 billion rupees ($6.9 billion).
Local homebuilder stocks were mixed Tuesday after some positive national sales data was released.
U.S. stocks fell on Tuesday as a string of disappointing earnings at home and abroad weighed on the major indexes.
Garden Grove-based DPAC Technologies Corp. said Tuesday it's inked a formal deal to buy Hudson, Ohio-based QuaTech Inc.
Irvine-based Quest Software Inc. said Tuesday it plans to buy privately held Imceda Software Inc. for $61 million.
Sybron Dental Specialties Inc. raised expectations for 2005, but didn't get a big bump on Wall Street on Tuesday.
U.S. new home sales jumped 12% in March to a record 1.431 million seasonally adjusted annual rate, the Commerce Department estimated Tuesday.
Cisco Systems Inc. said it is buying privately held Sipura Technology Inc. with plans to fold it under its Irvine-based Linksys unit.
Monday, April 25
Cal State Fullerton and Lennar are talking about a new El Toro lease for the university
Morpho Technologies has raised $10 million in venture funding and has a new chief executive
Si! Dunn, Campbell Co-Authoring Bill; Pastor Rick, Superstar
The first-quarter office numbers look very good, in the Real Estate column
Chapman's adult education operation is moving to Riverside from Moreno Valley
In praise of Unocal, a Viewpoint, by Eldon Griffiths, author, journalist, former member of the House of Commons and under secretary of state in the U.K.
San Diego Mayor Dick Murphy announced today that he plans to resign July 15.
Construction is under way on what will be Irvine-based Golden State Foods Corp.'s largest distribution center for the Golden Arches.
Arthur Andersen LLP agreed to settle a class-action lawsuit brought by investors who claimed they were cheated in the collapse of WorldCom, according to court papers released on Monday.
Tony Hawk is coming to the Village at Orange for the opening of Active Ride Shop, in the Marketplace column
Golden State Foods is opening its largest distribution center yet for the Golden Arches
A special election could be risky and expensive. By Howard Fine, Los Angeles Business Journal
Wealthy Americans felt less secure in the economy's strength in the latest quarter, but their fears are unlikely to thwart spending and investment plans, a survey published on Monday found.
Valuation concerns take a small bite out of Western Digital, in the Technology column,
Irvine-based Commercial Capital Bancorp's profit more than tripled in the first quarter, the company said Monday. The thrift also said it plans to sell about $600 million worth of low-returning home loans.
India's growing (legal) drug industry could help local drug makers, in the Healthcare column
Subprime lender ResMae is almost doubling the size of its planned headquarters
Mexico's border plants are showing signs of a rebound
Foothill Ranch retailer Wet Seal Inc. said Monday that its method of accounting for tenant improvement allowances and rent holidays doesn't agree with Securities and Exchange Commission guidelines.
Valero Energy Corp. said on Monday it has agreed to buy rival Premcor Inc. for $6.9 billion in cash and stock, vaulting it ahead of Exxon Mobil as the largest refiner of crude oil in North America.
Pacific Communications has rebuilt after a tough stretch last year, in the Media & Marketing column
The connoisseurs were out for the Summit House's Grgich wine dinner, in the Executive Dining column
Ingram Micro's new chief executive reflects its growing international look
Hospitals are moving to prevent patient falls as part of a new accreditation requirement
It was a mixed bag for mid-tier public companies in 2004: sales were up but profits fell
Jim Mazzo's taken on a more public face as head of a public company, Advanced Medical Optics
Air Canada on Monday announced firm orders for 32 Boeing Co. wide-bodied jets in a deal worth $6 billion, adding to the top U.S. aircraft maker's recent winning streak against archrival Airbus.
An influx of textiles and other goods from China is jamming the ports
SBC Communications Inc., the No. 2 telecommunications company, reported lower first-quarter earnings on Monday due to higher costs from the purchase of AT & T; Wireless by its Cingular Wireless joint venture and a large gain a year earlier.
Friday, April 22
Oil jumped back above $55 a barrel on Friday as traders said sustained demand and refinery outages could strain U.S. gasoline supplies ahead of peak summer motoring demand.
Costa Mesa-based Commerce Energy Group Inc. said Friday it settled a dispute with Ian Carter, a director and the company's former chief executive.
Costco Wholesale Corp. on Friday said earnings for the rest of its fiscal year would likely miss Wall Street forecasts because of weaker profits from gasoline sales.
Even before moving into its new headquarters in Brea, a startup subprime lender nearly has doubled its lease to 130,000 square feet.
Irvine-based drug maker Allergan Inc. said it plans to cut some 160 jobs from its operations at Mougins, France, and other European locations.
Shares of MCI Inc. rose Friday after Qwest Communications International Inc. raised its takeover offer to $9.7 billion, or $30 a share, in a last-ditch effort to snatch the long-distance phone company away from rival Verizon Communications Inc.
The Nasdaq Stock Market Inc. and a consortium of investors announced on Friday an agreement to purchase Instinet Group Inc. from its majority owner, Reuters Group PLC, for $1.88 billion in cash.
Medtronic Inc. said on Friday it agreed to buy out patents for spinal implant technology for $1.35 billion in a move that settles a long-running legal battle.
Thursday, April 21
Santa Ana software maker MSC.Software Corp. said the Securities & Exchange Commission has subpoenaed "certain documents" related to the company's yearlong internal investigation of its past financial accounting.
Sales at Irvine-based Broadcom Corp. fell in the March quarter, but the chipmaker still managed to boost profits and said it expects the inventory problems in the past few quarters to largely be over.
Bankrupt cable operator Adelphia Communications Corp. on Thursday accepted a buyout offer from joint bidders Time Warner Inc. and Comcast Corp. for $12.7 billion in cash and a stake in a new cable company.
Federal Reserve Chairman Alan Greenspan warned on Thursday that unless lawmakers come to grips with spiraling U.S. deficits, the economy was at risk of stagnation "or worse."
Growing economic pressure will compel China to alter its policy of pegging its currency to the U.S. dollar at some point, and the sooner it happens the better, Federal Reserve chief Alan Greenspan said on Thursday.
Medicare reimbursement cuts ate into Apria Healthcare Group Inc.'s profits in the first quarter, the company said early Thursday.
Japan's Sony Corp. and Toshiba Corp. are in talks to develop a common standard for next-generation DVDs and end a fierce battle over formats that has been threatening to stifle the industry's growth, Reuters reported Thursday.
Treasury debt prices fell sharply on Thursday after regional factory data and jobless claims figures cast doubt on predictions for slower economic growth ahead.
Fariborz Maseeh, an Iranian immigrant who sold his technology company to Corning Inc. in 2000 for $750 million, has pledged $2 million to the University of California, Irvine.
Initial projections by the commissioner's office based on opening-day rosters have the Los Angeles Angels of Anaheim owing no luxury tax this year, according to the Associated Press.
Wednesday, April 20
Deutsche Bank Securities on Wednesday said it has hired Morgan Stanley's head of U.S. cash equity trading and seven other traders, the first group departure of executives since some dissident shareholders sparked a management shake-up at Morgan Stanley.
Conexant Systems Inc. said Wednesday it pushed enough inventory out the door in the past quarter that phase 1 of its revamp is done.
Surging energy costs helped push up U.S. consumer prices in March, and with food and energy stripped out inflation rose at the sharpest rate in 2 1/2 years, drawing a warning from the Federal Reserve on Wednesday that it was closely watching price pressur
Merrill Lynch & Co. is vying to arrange a bond offering for Orange County, for the first time since the world's largest securities firm sold the county customized bonds that led to the biggest municipal bankruptcy in U.S. history.
Sunglasses maker Oakley Inc. raised 2005 expectations after reporting sales and profit gains in the first quarter Wednesday afternoon.
Ford Motor Co. on Wednesday posted a 38% drop in first-quarter earnings, pressured by falling U.S. sales and rising costs, and further cut its North American production to reduce bloated inventories of unsold vehicles.
Corinthian Colleges Inc. said the Securities and Exchange Commission had completed its review of the company's 2004 financial report.
Applications for home mortgages decreased last week, as purchasing and refinancing activity fell despite lower interest rates on loans, an industry group said on Wednesday.
PacifiCare Health Systems Inc. on Wednesday said it's considering Kansas as a spot for a mail order distribution center that could employ as many as 850 people.
St. Jude Medical Inc., a key rival to Irvine-based Edwards Lifesciences Corp., on Wednesday said quarterly earnings rose, buoyed by a 72% increase in sales of implantable devices that manage rapid heart rhythms.
Tuesday, April 19
Johnson & Johnson on Tuesday said first-quarter earnings rose 17%, topping analysts' expectations, driven by double-digit growth in international sales of medical devices and drugs.
Bausch & Lomb Inc. on Tuesday reported higher first-quarter profit as strong sales of contact lenses and vitamins for the eye offset costs associated with the upcoming launch of new products.
Costa Mesa-based Irvine Sensors Corp. said Tuesday its contract to develop a handheld night viewer grew by $1.2 million.
Shares of ICU Medical Inc. jumped 11% on Tuesday, a day after the company reported first-quarter earnings that easily beat Wall Street expectations.
Sales of new homes and apartments fell by 17.6% in March to a seasonally adjusted annual rate of 1.84 million units, the Commerce Department said Tuesday.
Newport Beach-based Acacia Research Corp. said Tuesday that a unit has filed a patent infringement lawsuit against Intel Corp. and Texas Instruments Corp.
General Motors Corp. on Tuesday posted a first-quarter net loss of $1.1 billion, its worst result since the industrial icon skirted bankruptcy in 1992, due to weaker U.S. sales and growing costs for employee healthcare and raw materials to build cars.
Housing starts posted their steepest drop in more than 14 years in March, suggesting some cooling in the long-hot housing market, while producer prices rose steeply on surging energy costs.
Intel Corp. on Tuesday reported a rise in quarterly profit as revenue reached the second-highest level in the chipmaker's history, helped by strong demand for its Centrino notebook computer chips.
Monday, April 18
The Tsaos have recommitted to Cisco with plans to grow their Linksys unit
Ultra Wheel has downsized its local facilities after moving production to China
Ticketmaster won a court victory in its ongoing dispute with Costa Mesa's Tickets.com
Fully leased buildings ranked by rentable building area
State Democrats and Republicans still could make a deal on redistricting - by Howard Fine, Los Angeles Business Journal
A look at the changing dynamics between landlords and tenants, property managers' workload and the spike in commercial broker transactions.
Largest Blocks of Contiguous Office Space Available
Ford's Jaguar unit has named its new ad shop: Euro RSCG/Fuel, in the Media & Marketing column
Michael Harrah's office building sales may have been a hedge against his Santa Ana tower's drawing power
NDS Group PLC has consolidated its U.S. headquarters in Costa Mesa. The unit, NDS Americas Inc., makes smart cards, software and other devices that go in set-top boxes to control access to digital satellite, pay-TV and Internet programming. Cable and sate
The Irvine Company is moving up a national apartment ranking, in the Real Estate column
Fully leased buildings ranked by rentable building area
Venture-backed Cogent Healthcare has a new chief executive
Broadcom got an upgrade, though semiconductor stocks look "range-bound" to one analyst, in the Technology column
A News Corp. unit has consolidated in Costa Mesa with an eye to hire more workers
Largest Blocks of Contiguous Flex Space Available
Morpho Technologies Inc. got more funding and a new chief executive in the latest shift at the Irvine chip designer.
OC Rolling Dice On Vegas Express; Chicagoan Gets Clock
ABOUT THE LIST - Low Rates Spurred a Banner Year of Growth for Brokers
Allergan is set to begin a new phase in its Botox migraine testing, in the Healthcare column
Largest Blocks of Contiguous Industrial Space Available
Golf and wine are paired at a special Fleming's dinner this week, in the Executive Dining column
Arte Moreno's investment is paying off, according to Forbes magazine's latest ranking of Major League Baseball clubs by value
The Mid-Counties region posted record absorption in the fourth quarter
There weren't any gleaming office towers built during the past year, but Orange County's top commercial property managers still found less glamorous routes to growth.
A longtime Cox Communications leader in OC has left for Vegas
Sunday, April 17
Earnings from big companies such as Intel Corp. and Pfizer Inc., as well as key inflation reports, will help determine whether stocks will continue to skid lower or bounce back this week.
IBM Corp. may have looked like it fessed up to bad news when it recently reported a big profit shortfall. But closer scrutiny makes it appear the company was less than straightforward over how bad the earnings miss was.
Political unease in Mexico over the impeachment of Mexico City's mayor and leading opposition politician hasn't yet hit Mexican asset markets or the economy, Finance Minister Francisco Gil said.
Friday, April 15
U.S. consumers felt less confident about economic conditions in April than in March as gasoline prices soared, reinforcing nascent concerns that growth in the United States may be on the brink of a slowdown.
Ultra Wheel Co., a seller of fancy chrome-plated auto rims, has moved from Buena Park to smaller digs in Fullerton after shifting production to China last year.
Bankruptcy legislation making it tougher for heavily indebted Americans to wipe out their obligations won final congressional approval yesterday and President Bush said he looked forward to signing it into law.
The county's March employment results continued a string of positive numbers, according to a Friday report from the state Employment Development Department.
Shares of Irvine-based California Coastal Communities Inc. rose 8% Friday after the California Coastal Commission on Thursday approved its plans to build homes on a mesa overlooking the Bolsa Chica wetlands in Huntington Beach.
The dollar fell against the euro and the yen Friday, as investors mulled a surprisingly weak New York regional manufacturing survey and a gloomy U.S. consumer sentiment report.
It didn't turn out to be the blockbuster IPO that metal distributor Earle M. Jorgensen Co. was hoping for.
Shares of Avery Dennison Corp. fell 10% on Friday, a day after the maker of office products and adhesive labels warned its first-quarter earnings would fall well short of expectations due to higher inventory reserves.
Sony Ericsson, the world's number six mobile phone maker, shocked the market on Friday with a fall in first-quarter pretax profit, adding to tech sector earnings jitters sparked by IBM and Samsung.
Thursday, April 14
Advanced Micro Devices Inc. said its struggling flash memory chip business had filed for a $600 million initial public offering, a move cheered by investors who saw the unit as distracting from the company's focus on PC processors.
Santa Ana-based First American Corp. didn't have to go far for its latest buy,about a quarter mile up the Costa Mesa (55) Freeway.
Unisys Corp., a computer services provider, on Thursday posted a quarterly loss due to some problem outsourcing contracts and slower hardware sales, a trend that it sees continuing in the current quarter.
The dollar held earlier gains on Thursday after weekly jobless claims showed labor market conditions broadly as expected and supporting the dollar.
Metal products distributor Earle M. Jorgensen Co. filed with regulators on Thursday to cut the estimated price of its planned initial public offering to $11 to $13 per share, from its previous estimate range of $14 to $16 per share.
Orange County's housing market is back. The market has recovered from summer's downturn, with the median price of homes sold in March reaching a new record of $565,000, according to La Jolla-based market tracker DataQuick Information Systems.
Canada's Stantec said Thursday it plans to buy Irvine engineering consultant The Keith Cos. for about $175 million.
Defense supplier Ceradyne Inc. warned Thursday that its first-quarter sales would be about 22% lower than a prior forecast because of delays in shipping armor to the military.
Cisco Systems Inc., the largest maker of gear for directing traffic over the Internet, on Thursday said it would acquire privately held Topspin Communications, a maker of server networking equipment, for $250 million in cash and options.
Wednesday, April 13
Applications for home mortgages increased last week as purchasing and refinancing activity rose despite higher interest rates on fixed loans, an industry group said on Wednesday.
Laguna Hills-based Interchange Corp. saw its shares take another dive on Wednesday,below where they debuted in the company's public offering last fall.
Saddleback Memorial Medical Center said Wednesday it's received nearly $50 million from a pair of local philanthropists.
Huntington Beach-based Quiksilver Inc. said Wednesday it acquired nearly half the shares of France's Skis Rossignol SA from the company's controlling family.
Merck & Co. Inc. on Wednesday projected first-quarter earnings above Wall Street expectations, but stuck to its earlier forecast that full-year 2005 earnings will decline up to 7% following the recall of its Vioxx arthritis drug.
Morgan Stanley's two top investment bankers resigned on Wednesday, increasing the pressure on Chief Executive Philip Purcell and raising questions about whether the securities firm can remain independent.
Some members of the California Institute of Regenerative Medicine may question Tuesday's announced short list of sites for permanent headquarters of the $3 billion stem cell research program during a public hearing Wednesday.
Aerospace and defense keyed gains at SM & A; Corp. in the first quarter. The Newport Beach-based consultant said Wednesday that its sales rose 10% in the period to $20.2 million.
Japan's economy is recovering but only at a moderate pace, the government said in its monthly economic report on Wednesday, reiterating its previous assessment.
Tuesday, April 12
The U.S. trade deficit grew more than expected in February to a record $61.0 billion, as the U.S. economy sucked in record imports, the government said on Tuesday.
The former head of American International Group Inc., Maurice "Hank" Greenberg, on Tuesday refused to answer questions from regulators looking into improper accounting by the insurance powerhouse, officials present at the meeting said.
If you're keeping score in the battle of the business climates, chalk up a small one for Arizona.
Wet Seal Inc. again has delayed the release of its fourth quarter and 2004 results. The Foothill Ranch-based teen retailer didn't give a reason for the delay. The results were expected after the close of trading Tuesday.
For Traveland U.S.A., a seller of motor homes in Irvine for the past 33 years, the only way to go is up. Upscale that is.
Mossimo Giannulli, founder and majority shareholder of clothing maker Mossimo Inc., made an offer Tuesday to take the company private. Mossimo was based in Irvine until it moved to Santa Monica in 2000.
U.S. stocks rallied sharply on Tuesday, after minutes from the Federal Reserve alleviated worries about aggressive interest-rate hikes, while crude oil tumbled to below $52 a barrel.
The U.S. government spent $71.2 billion more in March than it collected, the Treasury Department said Tuesday. A year ago, the budget gap was $72.9 billion for March.
Ford Motor Co. said Monday that its top U.S. sales executive has resigned, ending a tumultuous six-month stint that culminated in a steep profit warning from the troubled auto giant.
The U.S. Attorney for the Southern District of New York on Tuesday said it has indicted 15 former and current New York Stock Exchange floor traders for improper trading over a period of four years.
Lake Forest-based disk drive maker Western Digital Corp., which saw its stock soar late last month after upping guidance, felt gravity's pull on Tuesday.
Monday, April 11
Main Graphic Imaging has expanded after making a couple of acquisitions last year, in the Media & Marketing column
Arte Moreno's investment is paying off, according to Forbes magazine's latest ranking of Major League Baseball clubs by value.
Autobytel Inc., which is undergoing a major review of its books, said it won't be bumped off the Nasdaq exchange before May 15.
French aerospace company Zodiac SA's move to buy Huntington Beach-based C & D; Aerospace Group for $600 million is the latest,and biggest,in a series of buys in the sector.
At GirlyChic, shoppers can get an updo, personal tee or make a CD, in the Marketplace column
Metal distributor Earle M. Jorgensen Co., one of Orange County's largest private companies before shifting its headquarters to Lynwood in late 2003, is set to go public this week.
Ten areas are bidding to become the headquarters for the California Institute of Regenerative Medicine, the state agency funding $3 billion in stem cell research grants in the next 10 years.
Taco Bell lost a court battle to its former advertising agency over the fast-food chain's "Yo quiero Taco Bell" commercials
Kadmus Pharmaceuticals is looking for a corporate partner or a new round of financing
Traveland U.S.A. is looking for a monster site for its motor home dealership,
Santa Ana's Ingram Micro Inc. said Monday it plans to cut 550 jobs in North America, half in Orange County.
The county's top executives are cautiously optimistic, according to Cal State Fullerton's latest expectations index
Correa Strikes Out Against Angels; Twyla's Big Gift
Boeing Co.'s B777-300ER airplane could damage the runways of Paris's Orly airport by exerting too much pressure, especially at take-off, Paris airports operator Aeroports de Paris said on Monday.
Interview: How to lobby the government on trade issues
Alliance Imaging has seen a pickup by focusing on hospitals and cancer screening, in the Healthcare column
Kingston Technology tapped Arbitech for some distribution help, in the Technology column
Orange County's not a player in the race to nab the state's stem cell headquarters
Vestar Development has started construction on the county's next big shopping center, in the Real Estate column
A look at the Billion-Dollar Club during the tech peak, the downturn and today
Fitch Ratings on Monday became the third ratings agency in a week to indicate it may cut the debt ratings of Ford Motor Co., which is the second-biggest U.S. corporate bond issuer.
Big UC Irvine benefactor Paul Merage is set on funding the innovation economy, a Viewpoint
Irvine-based PC maker Gateway Inc. is settling a legal dispute with Microsoft Corp.,and getting $150 million from the software maker.
PacifiCare is riding high on Medicare, but there could be danger ahead
Global investment banking partnership Lazard Ltd. on Monday set its planned initial public offering at 30.46 million shares at an estimated price range of $25 to $27 per share.
Elan Corp. on Monday said the Securities and Exchange Commission is probing securities trading around the Feb. 28 announcement of the suspension of sales of the multiple sclerosis drug Tysabri.
LifeMasters has moved its headquarters from Irvine to south San Francisco
Oil prices ended a week-long losing streak on Monday, as expectations for high gasoline demand during the summer season countered swelling U.S. crude stockpiles and the specter of OPEC hiking supplies again.
Irvine-based Standard Pacific Corp. took 2% less orders for new homes in the first quarter, versus a year earlier, the homebuilder said last week.
International dishes are given a gentle jolt at the Hilton's Bristol Palms, in the Executive Dining column
Friday, April 8
Blue chips remained on track to log their first positive week in five but a four-day winning streak appeared headed for an end late Friday, as U.S. stocks fell in the wake of a series of profit warnings.
Emulex Corp. raised its financial guidance late Thursday, but didn't get a boost on Wall Street Friday as sellers pushed the markets down.
Cautious optimism is the mood of top local executives, according to the Orange County Business Expectations Index done by California State University Fullerton with the Business Journal.
New York State Attorney General Eliot Spitzer has subpoenaed drug wholesalers Cardinal Health Inc. and AmerisourceBergen Corp., and other unidentified parties, as part of a broad probe into a segment of the industry.
The Los Angeles Angels of Anaheim have baseball's fifth-highest payroll for the 2005 season at $95 million.
Media group Time Warner Inc. and top U.S. cable TV operator Comcast Corp. are set to pay $18 billion for bankrupt cable operator Adelphia Communications Corp., Reuters reported Friday.
The dollar continued lower in late afternoon trade Friday, after a third speech this week by Federal Reserve chief Alan Greenspan failed to give market players the clues they had hoped for about the direction of U.S. interest rate policy.
Oil prices slithered further from record peaks on Friday, extending a week-long stretch of losses fueled by rising crude stockpiles in the United States and a strengthening dollar.
Thursday, April 7
The number of Americans making new claims for jobless aid dropped 19,000 last week, the government said on Thursday, largely erasing an unexpected spike the previous week.
Whether Chief Executive Philip Purcell or dissident shareholders win the battle to control Morgan Stanley, analysts say a protracted battle will bruise the elite investment banking firm, according to Reuters.
California Gov. Arnold Schwarzenegger backed off from one of his top priorities on Thursday, saying he would not push for a statewide vote this year on partial privatization of the state's massive public pension funds.
Mortgage rates fell in the week ending Thursday with the benchmark 30-year loan dropping below 6%, Freddie Mac said in its weekly survey.
The early Easter holiday drove U.S. shoppers to malls and shopping centers last month, helping retailers report strong March same-store sales, but a profit warning from Wal-Mart foreshadowed more difficult times ahead.
U.S. Treasury Secretary John Snow on Thursday told Congress the investment activities of mortgage finance giants Fannie Mae and Freddie Mac could threaten the economy if unchecked.
Irvine-based Newport Corp. said it plans to sell its robotic systems operations, the largest part of its advanced packaging and automation systems unit in Northern California.
Pacific Sunwear of California Inc.'s new chief executive got a lesson on Wall Street Thursday: Don't miss sales projections.
Foothill Ranch-based retailer Wet Seal Inc. gave hope for a turnaround Thursday by reporting a 36% jump in March sales from stores open at least a year.
New Century Financial Corp. said Thursday its mortgage loan volume rose 30% to $4.3 billion in March, versus a year earlier.
Wednesday, April 6
Long-distance telephone company MCI Inc. rejected a $9.1 billion takeover offer from Qwest Communications International Inc. Wednesday, leaving the spurned suitor to gauge shareholder reaction as it weighs its next move in the two-month takeover battle.
Kent Foster, a tall Texan with a bent for military discipline, is passing the reins at Orange County's largest company.
Federal Reserve Chairman Alan Greenspan on Wednesday urged Congress to curb the rapid growth of Fannie Mae and Freddie Mac, saying this was vital to cut the risks the mortgage finance giants pose to the U.S. financial system.
The Securities and Exchange Commission voted Wednesday to require stock traders to accept the best bid or offer available for a stock trade, regardless of which exchange or market posts them.
Accumulation of dollar reserves by some Asian countries could spark a systemic foreign exchange crisis, the chief economist of the World Bank said in an interview to be published on Thursday.
U.S. investigators examining improper accounting at American International Group Inc. on Wednesday questioned executives from Germany's Munich Re, one of about a dozen reinsurance companies recently drawn into the probe, sources said.
Santa Ana voters signed off on Michael Harrah's plans for a massive office tower between downtown and the Civic Center on Tuesday. Now comes the hard part.
Laguna Hills-based Interchange Corp. said Wednesday that its president and chief operating officer, Michael Sawtell, has left the company.
Irvine-based ECC Capital Corp. said Wednesday that it did $2.3 billion in mortgage loans in the first quarter. That's up 43% from a year earlier, but down 12% from the third quarter.
Tuesday, April 5
Federal Reserve Chairman Alan Greenspan said on Tuesday market forces could lead to a big enough increase in crude oil inventories to cool the recent "frenzy" that has sent prices to record highs.
Standard Pacific Corp. took 2% less orders for new homes in the first quarter, the homebuilder said Tuesday. Cooler demand in Southern California, less communities open for sale in some markets and a decision by the company to slow sales in Florida accoun
Ford Motor Co. told employees this week that it will offer buyout packages to white-collar employees, with the aim of cutting an estimated 1,000 jobs, the Detroit News reported on Tuesday.
Moody's Investors Service on Tuesday cut General Motors Corp.'s debt rating to a step above junk status, citing the world's largest automaker's profit warning last month, and cautioned that it may downgrade rival Ford Motor Co.
Pfizer Inc., the world's biggest drugmaker, on Tuesday forecast 2005 earnings at the low end of Wall Street expectations and targeted $4 billion in cost savings through 2008 as it struggles with generic competition and waning demand for its arthritis drug
Santa Ana's showdown over what would be the county's tallest building comes to a head on Tuesday. But the real question is whether voters will come to the polls.
New orders at U.S. factories rose 2.9% in May, exactly in line with analyst expectations, on an aircraft-led jump in durable goods, a government report showed on Tuesday.
Cypress-based health plan provider PacifiCare Health Systems Inc. raised its 2006 revenue expectations on Tuesday after upping its estimate for Medicare reimbursement from the federal government.
Huntington Beach-based surfwear maker Quiksilver Inc. on Tuesday said it plans to buy Australian retail chain Surfection.
Shortly after U.S. markets closed Tuesday, Qwest extended its prior deadline by 12 hours. The company had originally sought an answer by midnight.
French aerospace company Zodiac SA has agreed to buy Huntington Beach-based C & D; Aerospace Group for $600 million.
Monday, April 4
Brides are big business at South Coast Plaza, in the Marketplace column
Hitachi Global Storage will come out with hard drives containing 230 gigabits of data per square inch, the company is expected to announce Monday, and that means 20 gigabyte iPod Minis.
Colleges are requiring students to carry healthcare insurance
Tal & #233;o Mexican Grill isn't a typical Mexican-food eatery, in the Executive Dining column,
Gov. Schwarzenegger and the governors of Nevada, Utah and Wyoming on Monday announced an agreement to build a new multi-billion dollar electric transmission line to relieve bottlenecks in the current Western U.S. power grid.
Conexant Systems Inc. sold its Newport Beach headquarters, two glass office towers on MacArthur Boulevard, to Newport Beach-based KBS Realty Advisors LLC last month. The towers are 10 stories each and total 370,000 square feet.
An OC visitor guide is benefiting from "The O.C.," in the Media & Marketing column
The number of mergers and acquisitions in the past year held steady, with the size of top deals spiking.
Tech companies are bracing for a rule that requires them to account for stock options on their income statements
A rival to Allergan's Botox treatment is being bought in a big cosmetic surgery deal, in the Healthcare column
Ventura Foods has ambitious growth plans under its new chief executive
Verizon Communications Inc. on Monday said it would pull out of its $7.6 billion deal to buy MCI Inc. if MCI's board deemed a rival $9.07 billion bid by Qwest Communications International Inc. "superior."
Kia Motors America is investing $70 million in a new Irvine headquarters
Six Orange County companies made Fortune magazine's 2005 ranking of the 500 largest publicly traded U.S. companies released on Monday.
Irvine-based Kia Motors America Inc. plans to spend $70 million to build a landmark headquarters for 500 local workers plus room to grow.
The estate of a local real estate owner is fighting the IRS over a tax bill
FileNet could have a new rival with the rollout of EMC software, in the Technology column
Paul Frank Industries is at a pivotal point after a huge growth run
Crescent's plan for a 12-story office tower is the latest in high-rise construction brewing near John Wayne Airport
ChevronTexaco Corp. on Monday said it agreed to acquire Unocal Corp. for about $16.4 billion, bulking up its oil and natural gas reserves in the Asia Pacific region at a time when energy prices hit record levels.
New York Attorney General Eliot Spitzer said on Monday he expects to reach a "civil resolution" with American International Group Inc., calming fears that his investigation could lead to criminal charges against the insurance company.
Irvine-based Microsemi Corp. is into phase three of its consolidation plan. The chipmaker, which already has cut some 1,200 workers in its first two cost-cutting phases, said Monday that it plans to shutter plants in Colorado and Ireland as part of its fo
The dollar sat just below a five-and-a-half month high against the yen on Monday as the market shrugged off a surprisingly weak U.S. jobs report and focused on data suggesting inflation could rise.
Freedom's Orange County Register: private equity firms bought big stake in media company
Conexant Systems has sold and leased back its Newport Beach office towers
Friday, April 1
Orange County's South Korean automakers, Fountain Valley-based Hyundai Motor America Inc. and Irvine-based Kia Motors America Inc., notched another month of higher sales in March.
The parent of Irvine-based subprime mortgage lender Encore Credit Corp. has come out with its first quarterly results since going public in February.
When Jeweline Simmons needed a home-improvement loan in 1999, she went to Shelter Mortgage in East St. Louis, Ill., thinking the broker would get her the lowest interest rate possible.
Best Buy Co., the top U.S. electronics retailer, on Friday forecast current year profit below many analysts estimates as it speeds up a costly overhaul of its stores, sending its shares down 6%
U.S. consumers were not as upbeat in March as weakness in the stock market dragged on their views of both present and future economic conditions, a report said on Friday.
MCI Inc. said on Friday it would reopen merger talks with Qwest Communications International Inc., which has raised its bid for the long-distance telephone company to $9 billion.
Israel's Retalix Ltd. is buying Irvine-based TCI Solutions Inc., a maker of software and systems for grocery chains, for $34 million in cash and stock.
Embattled Brea Community Hospital lives another day. U.S. Bankruptcy Court Judge John Ryan put a hearing to close the troubled hospital into recess Friday afternoon.
U.S. employers created only 110,000 new jobs in March, the smallest gain in eight months, as manufacturers and retailers shed workers, the Labor Department said on Friday.
Struggling Mitsubishi Motors North America Inc. posted a gain in March auto sales versus a dismal February. But the March figure is almost half of the automaker's sales figure of a year earlier.
Richard Mazer took over Friday as chief executive of Brea-based Ventura Foods LLC with a goal of making one of Orange County's biggest private companies bigger.