Stories for October 2007

Wednesday, October 31

Allergan Gets Glaucoma Drug OK

Allergan Inc. received Food and Drug Administration approval for its Combigan eye drops for glaucoma, a year after regulators asked for an additional study on the drug.

GDP Growth Brisk as More Jobs Seen

The economy grew at a surprisingly brisk clip in the third quarter, the government said on Wednesday in one of a series of reports that implied a resilient expansion despite a battered housing sector.

Fed Seen Taking Out a Little Rate Cut Insurance

The Federal Reserve is expected to lower benchmark borrowing costs modestly on Wednesday as an additional bulwark against the risk a housing slump and tighter credit drag down the rest of the economy.

Western Digital Jumps on Seagate Earnings

Shares of Lake Forest disk drive maker Western Digital Corp. jumped Wednesday after rival Seagate Technology LLC reported better than expected results for the September quarter.

Quiksilver Sells Golf Unit, 'Committed' to Rossignol

Huntington Beach-based Quiksilver Inc. said late Tuesday it's selling its Cleveland Golf Co. for $132.5 million to Japan's SRI Sports Ltd. but indicated it plans to keep the rest of its struggling Rossignol division.

Fed Cuts Interest Rate by Quarter Point

The Federal Reserve, confronted with surging oil prices and a slumping housing market, cut a key interest rate by a quarter-point on Wednesday, the second rate reduction this year.

Rockwell Collins Profit Rises on Aero Sales

Rockwell Collins Inc. said on Wednesday quarterly profit rose a greater-than-expected 13%, helped by sales of its aviation electronics as the commercial and military aerospace business continues to boom.

Tuesday, October 30

Applebee's Shareholders OK $1.9B IHOP Offer

Shareholders of Applebee's International Inc. on Tuesday approved a $1.9 billion offer by pancake house operator IHOP Corp. to buy the casual dining chain.

Consumer Confidence Drops in October

A key barometer of consumer sentiment dropped to its lowest level in two years, igniting concern that the upcoming holiday shopping season would be lukewarm.

Apria Profit Up; Lifts 2007 Forecast

Lake Forest-based home healthcare provider Apria Healthcare Group Inc. reported higher third-quarter profits and upped its outlook for the rest of the year on Tuesday.

Beckman: Higher Q3 Profits, Narrowed 2007 Outlook

Fullerton-based Beckman Coulter Inc. reported higher third-quarter profits Tuesday but narrowed its profit forecast for the rest of the year.

Sheriff Carona Indicted on Corruption Charges

Orange County Sheriff Mike Carona has been indicted on federal corruption charges over allegations he misused his office for financial gain, the Los Angeles Times reported Tuesday.

Merrill Lynch Ousts CEO O'Neal

Merrill Lynch & Co. ousted Chairman and Chief Executive Stan O'Neal on Tuesday, just days after reporting the biggest quarterly loss in the company's history, making him the highest-ranking casualty in the U.S. subprime mortgage crisis.

Monday, October 29

Sunglasses Maker Black Flys Sobers Up Amid Cash Pinch

Black Flys is soooo bad,image wise, that is

Universities Forge Relationships With Businesses To Raise Money

Universities Forge Relationships With Businesses To Raise Money

After Fires, Thoughts Turn to Rebuilding

Construction companies are poised for gains in business after the recent fires

Finding OC in D.C.

Finding OC in D.C.

Tropitone's Sale Coup for CEO

An outdoor furniture manufacturer has been sold to a private equity firm

APG Media Launches Urban, Lodge Home Decor Mags

Action Pursuit Group has launched two more magazines, in the Media & Marketing column

OC Commands Highest Price for Hotel Amid Slowing Sales

The pace of California hotel sales slowed dramatically in the first half of 2007

Real Estate Watch: Construction

Local commercial property under construction totaled more than 4.9 million square feet in the third quarter. Plus: CHART - Net Absorption; Vacancy Rates; Average Asking Lease Rates

Nursing Home Operator Ensign Courts Wall St.; Private Equity Fallback?

Another nursing home operator is looking to test Wall Street's affection

La Vie En Rose Hosting Four-Course, Five-Wine Event

La Vie En Rose is having another wine dinner, in the Executive Dining column

Cox Planning to Leave Politics; Wave of VIPs

Cox Planning to Leave Politics; Wave of VIPs

GIVING

Fundraisers and charitable donations from companies and people

Universities in Building Boom to Accommodate Students

Universities in Building Boom to Accommodate Students

I-Flow Used HAPC Stake To Back Infusystems Deal

Medical device maker I-Flow Corp.'s buy into HAPC serves a greater purpose, in the Healthcare column

REAL ESTATE DEALS

Sales and leases of offices, industrial buildings, retail space and apartments

EXECUTIVE SUMMARY

This past week's news from www.ocbj.com and other sources

MASIMO A GO-GO

Masimo has had a strong pulse since its public offering

Powerwave Down on Q3 Revenue Shortfall

Shares of Santa Ana's Powerwave Technologies Inc., a maker of antennas, amplifiers and other gear for cell phone towers, slipped in afterhours trading Monday after the company reported third-quarter results that missed analysts' expectations.

Standard Pacific Posts Big Loss

Standard Pacific Corp. last week posted a worse-than-expected loss for the third quarter, but said it was taking steps to cut its heavy debt.

Slugglish Local Economy Expected Through 2008

Expect to see a sluggish national economy through much of next year, while Orange County's growth will be stunted by the downturn in the area's real estate market, economists from the UCLA Anderson School of Management said on Monday.

Auto Dealership Owner Buys Closed Miramar Theatre

The co-owner of Family Automotive Group has bought San Clemente's old Miramar Theatre, in the Real Estate column

Analysts Upbeat on Quality Despite Earnings

Analysts aren't too worried about Quality Systems' cooling off of late

Media Storm Doesn't Cloud New UCI Law Dean's Vision

Media Storm Doesn't Cloud New UCI Law Dean's Vision

Laguna Cliffs Marriott Sold, Pegged at $200M

The Laguna Cliffs Marriott Resort & Spa in Dana Point has sold for an estimated $200 million.

Quest Software Lands $2.3M Contract with Lockheed

Quest has landed a contract with Lockheed Martin, in the Technology column

Nexiant Sees Slew of Changes: Name, HQ, Chief Executive, in Push to Grow

Irvine's Nexiant has gotten a big makeover in a push for more business

Oracle Withdraws BEA Offer, BEA Looks to Sell

Software maker BEA Systems Inc.'s board said on Monday it is holding out for a $21-a-share takeover offer, a day after its larger rival Oracle Corp. withdrew its $17-a-share offer.

Food Manufacturer Provides Sous Chef Services to Chains

Siblings Jenny and Willie Rosoff are a bit like sous chefs to big restaurants with their company Village Green Foods, in the Small Business column

Ex-Interplay Chief Scores Win Over Titus

Longtime OC game developer Brian Fargo has claimed a victory for workers at a company he once ran

Irvine Architect LPA Takes On Structural Engineer Lee George

Orange County's second-largest architectural firm has added a new business line following its combination with an engineering company.

PEOPLE

Hirings, promotions and other moves at local businesses

Chapman's Hobbs Institute Opens 'Green Both Ways' Program

Chapman's Hobbs Institute Opens 'Green Both Ways' Program

LIVING

Opera Pacific's La Boh & #269;me is a grand classic. A Review by Alisha Gomez

CALENDAR

A listing of events happening all around Orange County

Toshiba Quarterly Profit Drops, Sales Rise

The electronics company Toshiba reported a 28% drop in its second quarter profit on Monday, partly because of one-time expenses for property value calculations that offset solid sales in computers and chips.

InSight CEO Steps Down

InSight Health Services Holdings Corp. said late Friday that Bret Jorgensen is leaving as its chief executive to pursue other interests, effective Nov. 15.

Park Place CEO Had Eye on County Before Lexus Buy

Park Place Dealerships' chief has had his eye on the OC market for a while, in the Marketplace column

Verizon Q3 Profit Falls, Sales Rise

Verizon Communications Inc., the nation's second largest telecommunications company, on Monday reported third-quarter earnings fell by a third from a year ago due to tax charges.

Volcom Plunges on Q4 Warning

Shares of Costa Mesa-based clothing designer Volcom Inc. fell nearly 20% in afterhours trading after the company warned about results for the current quarter.

Friday, October 26

Nissan Reports 27% Drop in Profit

Nissan reported Friday a 27% decline in profit for the July-September quarter on one-time expenses and higher taxes that eroded overall sales growth and improved earnings in core auto operations.

B of A Makes Changes After Dismal Q3

Bank of America Corp. is exiting the wholesale mortgage business and sending more executives packing as the nation's second-largest bank continues shaking up its operations following a dismal third quarter.

Patio Furniture Maker Tropitone Sells Majority Stake

Upscale patio furniture maker Tropitone Furniture Co. of Irvine has sold a majority stake to private equity firm Pfingsten Partners LLC of Deerfield, Ill.

Countrywide Loses $1.2B, Eyes Turnaround

Countrywide Financial Corp. lost $1.2 billion in the third quarter, but its shares soared Friday after the nation's largest mortgage lender said it expects to be profitable this quarter and next year.

Chipmaker Solarflare Lands Venture Funding

Irvine's Solarflare Communications Inc., one of Orange County's best-funded chip startups, has landed at least $15 million in funding, according to reports.

I-Flow Sells InfuSystem for $100M

I-Flow Corp. said Friday that it completed the sale of subsidiary InfuSystem Inc. for $100 million to HAPC Inc.

Thursday, October 25

Raytheon Q3 Profit Slides on Charges

Aerospace and defense systems maker Raytheon Co. said Thursday third-quarter earnings fell 7% despite higher sales, as the company took charges related to the sale of some businesses.

Standard Pacific Posts Big Loss, Reports Efforts on Cutting Debt

Irvine-based homebuilder Standard Pacific Corp. posted a worse-than-expected loss of $119.7 million for the third quarter, but said it was taking steps to improve its heavy debt load.

New Home Sales Rise 4.8%

Sales of new homes posted an unexpected gain in September although the improvement came after sales had fallen to the slowest pace in more than a decade.

Advanced Medical: Higher Q3 Sales, Better Than Expected Loss

Santa Ana's Advanced Medical Optics Inc., a maker of eye surgical devices and contact lens solutions, said Thursday that acquisitions helped the company grow third-quarter sales and offset the impact of a contact lens solution recall earlier this year.

Ingram Reports Strong Q3, Expects Record Q4 Sales

Shares of Santa Ana's Ingram Micro Inc., the top distributor of electronics, computers and other tech gear, jumped slightly in afterhours trading Thursday after the company said it expects record sales in the fourth quarter.

Motorola Shares Rise After Profit Beats Estimates

Motorola Inc. reported on Thursday its first profit in 2007 and gave an outlook that beat Wall Street expectations, in a sign the mobile phone maker has started to turn around its business.

Wednesday, October 24

Laguna Cliffs Marriott Resort Sells for Estimated $170M

The Laguna Cliffs Marriott Resort & Spa in Dana Point has sold for an estimated $170 million.

Bank of America to Cut 3,000 Jobs

Bank of America Corp. said Wednesday it will eliminate 3,000 jobs, an announcement that came less than a week after the nation's second-largest bank reported a huge drop in earnings for the third quarter.

Merrill Lynch Writedowns Total $7.9B

Merrill Lynch & Co Inc. on Wednesday reported its first loss in six years as a publicly traded company after writing down $7.9 billion for bad bets on risky subprime mortgages and related securities.

Boeing 3Q Profit Rises, Warns on Revenue

Boeing Co., the world's No. 2 commercial airplane maker, said Wednesday that it posted its best profit in nearly four years as its third-quarter earnings climbed 61% because of higher commercial airplane deliveries and growth in its defense business.

Pacific Sunwear to Sell Off Demo Chain, Close Shoe Stores

Anaheim-based retailer Pacific Sunwear of California Inc. is looking to sell its struggling demo clothing store chain and plans to close its fledgling One Thousand Steps stores selling shoes, the company said Wednesday.

Home Sales Plunge in Sept.

Sales of existing homes plunged by a record amount in September as turmoil in mortgage markets added more problems to a housing industry in its worst slump in 16 years.

Eyeonics Sales Jump 127%

Eyeonics Inc. said Wednesday that its sales for the quarter ending Sept. 30 jumped 127% from the year ago period in the runup to its initial public offering.

County Home Prices, Sales Drop in Sept.

The price of an existing Orange County detached home took a 5.2% hit from August to September, while sales fell by a third from a year ago, the California Association of Realtors said on Wednesday.

Broadcom Slumps on Downgrades, Outlook

Shares of Irvine's Broadcom Corp. fell 17% Wednesday after several analysts cut their ratings on the stock over concerns about falling profits.

Tuesday, October 23

Countrywide to Modify $16B in Mortgages

Countrywide Financial Corp., the largest U.S. mortgage lender, on Tuesday offered to refinance or restructure up to $16 billion of adjustable-rate mortgages through the end of 2008.

Lockheed Martin Profit Rises

Lockheed Martin Corp., on Tuesday posted a third-quarter profit that beat Wall Street expectations, helped by higher sales of its jet fighters and electronic warfare systems, but it forecast profits for next year slightly below analysts' estimate.

QLogic Meets Expectations With Lower Profits, Sales

Shares of Aliso Viejo-based QLogic Corp., a maker of devices that speed up the flow of data on computer networks, jumped in afterhours trading after the company beat analysts' expectations for the three months ended Sept. 30.

Edwards: Good Results on LifeStent Trial

Irvine medical device maker Edwards Lifesciences Corp. said Tuesday that a clinical trial for its LifeStent product showed "statistically superior results."

AT & T; Profit Up on Strong Wireless Sales

Top U.S. phone company AT & T; Inc. posted a 42% rise in quarterly net profit on Tuesday, as Apple Inc.'s iPhone helped boost wireless subscriber growth above market expectations.

Monday, October 22

6. SUNSTONE HOTEL INVESTORS INC.

A strong hotel market has been a boon for Sunstone Hotel Investors Inc.

Angels Stoneman Steps Down as GM

Bill Stoneman is out after eight years as the Los Angeles Angels of Anaheim's vice president and general manager.

Apple Results Top Targets, Mac Sales Strong

Apple Inc. beat Wall Street targets with a 67% rise in quarterly profit on Monday, led by strong sales of its Macintosh computers and a big first full quarter from the iPhone, sending its shares up nearly 6%.

Analyst Downgrades Cooper for Profits, Product Mix

Cooper's leaving a little bit of a bad taste in Wall Street's mouth, in the Healthcare column

4. AMDL INC.

A Chinese acquisition has paid off for AMDL Inc.

46. INGRAM MICRO INC.

Ingram Micro Inc. is a longtime OC heavyweight that's seen a slow and steady climb.

Bear Stearns and Citic Set Alliance

Bear Stearns Cos., the U.S. investment bank battered by slumping mortgage markets, and China's Citic Securities Co. have agreed to swap stakes in each other and form a broad alliance, the firms said on Monday.

8. MULTI-FINELINE ELECTRONIX INC.

Multi-Fineline Electronix Inc. had a turbulent year but made it into the top 10.

Auto Lender United PanAm Sees Big Profit Drop

Irvine-based United PanAm Financial Corp., an auto lender, said its third-quarter income was off 73% from a year ago as the credit crunch weighs in.

CSUF Forecast: No Recession

Modest job growth will buoy the economy from going under, according to a forecast from California State University, Fullerton.

12. CONSUMER PORTFOLIO SERVICES INC.

In three years, CPS Inc. has grown its revenue nearly 300%

Hot Oil, Skewers, Costumes: Halloween at Melting Pot

It's a ghoulish time at the Melting Pot, in the Executive Dining column

REAL ESTATE DEALS

Sales and leases of offices, industrial buildings, retail space and apartments

3. AMBASSADORS INTERNATIONAL INC.

The Newport Beach-based company's move into cruises has paid off.

Mission Viejo Lexus Sold to Upscale Dealer Park Place

Mission Viejo Lexus has traded hands, in the Marketplace column

9. ENDOLOGIX INC.

Endologix Inc.'s devices to stop ballooning blood vessels are expanding in the vascular market.

AROUND THE COUNTY

Projects, developments and other activity in cities in and around OC

17. TTM TECHNOLOGIES INC.

Nothing like a big acquisition to jump-start your growth.

Ports Update: Security Program Delayed; Contract Talks Set to Start

Truckers at the ports of Los Angeles and Long Beach got a short reprieve this month

Private Equity, Hedge Fund Tax Hike Would Snare Venture Firms

Congress is considering a measure that has local venture capitalists worried about their taxes

Fluor's Shares Surge on Rush of Contracts

A surge in Fluor's stock has some wishing it had stayed in OC

23. QUEST SOFTWARE INC.

Quest has ridden the coattails of Oracle, Microsoft, IBM, and its own acquisitions to grow

Westfield Looks To Remake MainPlace

Santa Ana's Westfield MainPlace mall is all grown-up after a remodel

Some Upscale Homes See Slowdown Fallout

A number of posh, coastal homes have seen their prices slashed

18. BJ's RESTAURANTS INC.

Is it the pizza or the beer? Whichever is drawing the crowd, they've been busy.

Big Homebuilders' Retreat Opens Door for Smaller Players

Some midsize and smaller homebuilders are busy putting up houses or laying plans for them across the county.

Apria CEO Higby: Coram is Worth $350 Million

Apria Healthcare's chief executive doesn't think he's paying too much for rival Coram

CALENDAR

A listing of events happening all around Orange County

Real Estate Watch: Los Angeles County

The credit crisis and the subprime fallout has affected the Los Angeles office and industrial markets. PLUS: CHART - Net Absorption; Vacancy Rates; Average Asking Lease Rates

BNC Mortgage Empties a Ton of Irvine Office Space

BNC Mortgage's space in Irvine is back on the market, in the Real Estate column

Ingram's Outsourcing

Ingram's move to outsource some of its operations wasn't entirely smooth

48. ITERIS INC.

Iteris is making commutes shorter by working with city and state agencies to reduce traffic congestion.

Luce Forward Lands Big Names; Cicerone Happy in D.C.

Luce Forward Lands Big Names; Cicerone Happy in D.C.

KUDOS

A look at people, companies and institutions receiving awards, accolades, grants and other honors

Bank Will Protect Economy: Fed

The Federal Reserve will do whatever is necessary to prevent damage to the economy from the credit crunch that has gripped Wall Street, a Fed official said Monday, warning it will take time for financial markets to fully recover from the strains.

Private Equity Firm VMG Buys Mineral Makeup Co.

Colorescience has tapped a private equity firm for growth

2. ACACIA RESEARCH CORP.

Acacia Research Corp. has seen its top line soar since 2004.

Irvine Sensors Jumps on Record Backlog

Costa Mesa-based Irvine Sensors Corp., a small maker of electronics for the military, reported a record backlog of $54 million as upped its forecast for the 12 months through next October.

5. SPECTRUM PHARMACEUTICALS INC.

The company's past three years have seen its revenue fire up.

Fire Rattles Nerves; No Businesses, Homes Burnt

The 15,000-acre fire east of Irvine and into Foothill Ranch closed the Foothill (241) Toll Road, threatened homes and some businesses but hadn't burned any buildings or homes as of Monday afternoon.

Reader Letters

Letters to the Editor. Lerach; Ann Coulter

10. CERADYNE INC.

Protecting troops with body armor has been the mainstay for Ceradyne Inc. for the past few years.

Buena Park Downtown Pins Growth on John's

Buena Park Downtown has had a few hits and misses

7. SMITH MICRO SOFTWARE INC.

Smith Micro Software Inc. still is one of OC's best turnaround stories.

First Phase of Pelican Hill to Open; Bren-Led Luxury Resort to Follow

The first phase of The Irvine Company's Pelican Hill resort opens late next week

26. KAISER ALUMINUM CORP.

More than a year after its bankruptcy reorganization, Kaiser Aluminum Corp. is back.

Microsoft Blinks in European Legal Fight

Microsoft Corp. dropped a nearly decade-long legal battle with European regulators Monday, agreeing to key parts of an antitrust ruling that has already led to hundreds of millions in fines.

MARKET WATCH

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

Real Estate Financier Buchanan Street Selling Majority Stake

Newport Beach real estate investment bank Buchanan Street Partners is preparing to sell a majority stake in the company to Los Angeles-based TCW Group Inc., according to sources familiar with the deal.

VIEWPOINT

History as Prologue for Housing. By Martin Brower

Edwards' Q3 Results Beat Expectations

Edwards Lifesciences Corp. on Monday posted third-quarter financial results that beat out analysts' expectations.

1. ISTA PHARMACEUTICALS INC.

A head-spinning sales explosion has returned Ista to the top of OC's List.

40. SUN HEALTHCARE GROUP INC.

The graying of America is adding up to green for Sun Healthcare Group Inc.

Wet Seal Playing Up Basics, Lower Prices at Arden B.

Wet Seal is taking a "basics" approach to its Arden B. merchandise, in the Media & Marketing column

State Agency Plans Small Increase in Disability Payouts

A state agency quietly has been laying the groundwork for a smaller increase in permanent disability payouts, in Regulation Watch

Vietnamese-Language Newspaper Adapting to Cultural Shifts

A Vietnamese newspaper is facing a similar problem as its mainstream counterparts,a decline in readers

Healthcare Reform Set To Be Slow; Ballot Measure?

Adoption of Gov. Schwarzenegger's revised healthcare reform plan is unlikely before next year

PEOPLE

Hirings, promotions and other moves at local businesses

IBM Unit Makes Deal With Local Company for Software

IBM's FileNet has struck a deal with a local software supplier to buy programs that help businesses manage their Web sites, in the Technology column

42. TRIZETTO GROUP INC.

A push to spread technology in healthcare is paying off for TriZetto Group Inc.

Friday, October 19

Irvine Apartment Investor Files for Bankruptcy: Report

Irvine-based Real Estate Partners Inc., an investment and management company, has filed for bankruptcy after charges of securities fraud were leveled against the company and its executives.

I-Flow Buys Stake in HAPC to Push Deal

I-Flow Inc., a Lake Forest medical device maker, said Friday that it bought a 15% stake in HAPC Inc. in a push to help HAPC buy one of its units.

Wachovia Q3 Profit Falls 10%

Wachovia Corp., the nation's fourth largest bank, said Friday its profit fell 10% in the third quarter, hurt by $1.3 billion in losses and write-downs related to turmoil in the credit markets.

Caterpillar Net Misses Expectations

Caterpillar Inc., the world's top maker of earth-moving equipment, diesel engines and gas turbines, posted disappointing quarterly earnings on Friday and cut its full-year profit forecast.

Tribune Deal Mired in FCC Debate: Report

The $8.2 billion deal to take media company Tribune Co. private has become entangled in a newly inflamed debate over media ownership rules at the Federal Communications Commission, the Los Angeles Times reported on Friday.

Vietnamese Newspaper Seeing Cultural Shifts

Westminster's Nguoi Viet Daily News is a niche newspaper facing similar, if not greater, problems as its mainstream counterparts.

Thursday, October 18

Oakley Reports Strong Q3 Sales

Continued strong sales in its glasses business boosted Foothill Ranch-based Oakley Inc.'s third-quarter sales 25%, beating Wall Street expectations, the company said Thursday.

Beckman Files Patent Lawsuit

HemoSense Inc., a San Jose-based medical device maker, said Thursday that Fullerton-based Beckman Coulter Inc. filed a patent lawsuit against it.

Baxter 3Q Profit Up, Boosts Year Outlook

Baxter International Inc. said third-quarter profits rose 6% on strong sales of its hemophilia therapy, beating Wall Street forecasts and prompting the drug maker Thursday to boost full-year financial targets.

Nokia Earnings Beat Forecasts

Robust demand for cheaper phones boosted third-quarter earnings at Nokia Oyj, the world's biggest maker of mobile phones, with the better than expected result sending its shares sharply higher.

Bank of America Profit Tumbles 32%

Bank of America Corp., the second-largest U.S. bank, posted a much larger-than-expected 32% drop in quarterly profit on Thursday, hurt by mounting credit losses and dismal investment banking results.

Corinthian Colleges' Florida Campus Raided

Federal investigators have raided a Florida campus of vocational school operator Corinthian Colleges Inc. of Santa Ana, according to a company filing with the Securities and Exchange Commission and newspaper reports.

Wednesday, October 17

JPMorgan Chase 3Q Earnings Up

JPMorgan Chase & Co., the nation's third-largest bank, on Wednesday managed to turn out a 2% profit rise in the third quarter, beating Wall Street expectations despite rocky market conditions and a rough lending climate.

Downey Posts Loss on Mortgage Woes

Newport Beach-based savings and loan operator Downey Financial Corp. delivered a third-quarter loss Wednesday, as it warned investors about a week earlier.

Disney Plans $1.1B Overhaul of California Adventure

Walt Disney Co. plans to spend $1.1 billion in the next five years to overhaul its Disney's California Adventure theme park in Anaheim, which has struggled to meet expectations since opening in 2001.

Home Starts at 14-Year Low, CPI Up on Energy

U.S. home construction starts fell in September to their lowest level in more than 14 years, while consumer prices rose at the sharpest rate in four months, separate reports showed on Wednesday.

IBM 3Q Earnings Beat Street Forecast

Because of a hiccup in its hardware unit, IBM Corp. stock took a hit even though the technology bellwether reported a 6% rise in earnings and exceeded Wall Street forecasts.

Tuesday, October 16

Gross: Fed Likely to Cut Rates to 3.75%

The Federal Reserve will cut interest rates again but probably not at the October policy-making meeting, said Pimco's Bill Gross, manager of the world's biggest bond fund on Tuesday.

Ericsson Shares Plunge on Lower Outlook

LM Ericsson shares plunged nearly 30% Tuesday, wiping out $19.5 billion in market value, after the wireless network company warned third-quarter sales and operating profit would be lower than expected.

Acer's Gateway Buy Closing; Ending Colorful History

Taiwan's Acer Inc. has acquired nearly all shares of Irvine computer maker Gateway Inc. with the $710 million deal set to close Tuesday.

Maguire Properties Considering Buyout: Report

The head of Los Angeles-based Maguire Properties Inc., Orange County's second-largest office owner, is considering buying out the company and taking it private, according to reports.

Angels GM Stoneman Steps Down

Bill Stoneman is out after eight years as the Los Angeles Angels of Anaheim's vice president and general manager.

County Sees Record Decline in Home Prices, Sales

Orange County's housing market saw record declines in prices and sales last month, as the late-summer credit crunch made it a struggle for homebuyers to qualify for jumbo loans.

Bernanke: Housing Woes to Slow Growth

A deepening housing slump probably will be a "significant drag" on economic growth into next year and it will take time for Wall Street to fully recover from a painful credit crisis, Federal Reserve Chairman Ben Bernanke warned Monday.

MTI Once Took on EMC, Now Files for Bankruptcy

Tustin's MTI Corp., a seller of data storage computers and software from EMC Corp., is selling off its European operations for $5.5 million and filing for bankruptcy protection, the company said Tuesday.

Monday, October 15

Few Jobs Available for Unemployed Mortgage Brokers

Few Jobs Available for Unemployed Mortgage Brokers

Smaller Office Buildings Still Seeing Sales, Rents Up

The market for smaller office space may have taken less of a hit than the higher-end sector, in the Real Estate column

GIVING

Fundraisers and charitable donations from companies and people

K2 Network Exploring International Gaming Markets

A distributor of multiplayer online video games is looking to learn more about the habits of gamers outside the U.S., in the Technology column

AOL to Cut One-Fifth of Global Workforce

Time Warner Inc.'s Internet unit AOL will eliminate 2,000 jobs as part of an ongoing restructuring to better focus on boosting online advertising, according to a memo obtained by Reuters on Monday.

Private Equity Nursing Home Deals Raise Quality Questions

Private equity deals for nursing home businesses raised some eyebrows, in the Healthcare column

Replacement Lens Maker Eyeonics Looks to Sell Wall Street on Vision

Eyeonics is hoping its high-end replacement lens for cataract patients stirs up a premium for its IPO

John's Incredible Pizza Opening in Buena Park

John's Incredible Pizza is planning its first local restaurant

Citigroup Profit off 57% on Writedowns

Citigroup Inc. said on Monday third-quarter profit fell 57% as losses mounted from subprime and leveraged loans, fixed-income trading and its U.S. consumer business.

Standard Pacific Corp. Bets Against Itself with Stock Offering

Companies Try New Tactics to Raise Cash in the Bond Market; Spreads for Junk Bonds Increase

Orange Label Adds Staff After Nabbing More Accounts

Orange Label Art + Advertising expanded its staff after bringing in accounts, in the Media & Marketing column

Dollar's Mixed Results: Gains Abroad for Some; Subsidizing a Mercedes

In today's economy, the impact of a weak dollar is a little more complex

Subprime Rattles Some Investors; Money Still Flowing

Subprime Rattles Some Investors; Money Still Flowing. Venture capital, other deals continue; REITs suffering

Irvine Company Signs Biggest Lease so far for Office Towers

The Irvine Company has nabbed its biggest lease yet for 20-40 Pacifica

Chapman University Planning to Build on Recruit's 'Experimental Economics'

Chapman University Planning to Build on Recruit's 'Experimental Economics'

Fed Rate Cut Eased Some Fears

Fed Rate Cut Eased Some Fears

Workers' Comp Rate Cuts Start to Temper

The era of rapidly falling workers' compensation bills for employers may be nearing an end

Apria Buying Coram for $350M

Lake Forest-based Apria Healthcare Group Inc. said Monday that it was spending $350 million in cash for Coram Inc., a provider of home infusion and specialty drug services.

Finance Sector Shedding Jobs, Drags Overall Growth

Finance Sector Shedding Jobs, Drags Overall Growth. Economists don't see another area pushing employment

Real Estate Watch: Inland Empire

The Inland Empire's industrial and office markets are still growing. PLUS: CHART - Net Absorption; Vacancy Rates; Average Asking Lease Rates

MARKET WATCH

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

Five Crowns: English Retro With 16th Century Menu

There's plenty of restaurant happenings coming up, in the Executive Dining column

Banks Set Plan to Revive Credit Market

The nation's three largest banks said Monday they will team up to buy tens of billions of dollars in investments that lost value after global credit markets seized up.

Candle Maker Sheds Light on Cracking Gift Market

A candle maker is putting some wacky names on its products, in the Small Business column

Downey Financial Predicts Q3 Loss

Downey Financial Predicts Q3 Loss

Jaguar, Land Rover Bids Expected Soon

Jaguar, Land Rover Bids Expected Soon

READER LETTERS

Angels fans have been sold a bunch of malarkey by management for the past three years, in Letters

CALENDAR

A listing of events happening all around Orange County

Paul Frank Moving Past Lawsuit; Investor?

Paul Frank Industries is squashing some recent rumors

REAL ESTATE DEALS

Sales and leases of offices, industrial buildings, retail space and apartments

2008: Higher Hikes For Healthcare Costs

After four years of slower growth, local employers could see a bigger increase in health insurance rates for 2008

PEOPLE

Hirings, promotions and other moves at local businesses

Fuel Supplier SC Fuels Sells Off Gas Stations

SC Fuels is taking its gas station business public

Behind Printronix Deal: RFID Bust, SOX Costs

Printronix is breathing a little easier after a $108 million buyout deal

EXECUTIVE SUMMARY

This past week's news from www.ocbj.com and other sources

Wet Seal's Thomas Has Tough Task of Growing Retailer

Wet Seal's new chief will be plenty busy in growing the chain's stores, in the Marketplace column

Dye, Fazio,Steve Knows the Difference; Ko's Sales Price

Dye, Fazio,Steve Knows the Difference; Ko's Sales Price

Broadcom Unveils Single Chip for Cell Phones

Shares of Irvine's Broadcom Corp. rose after the company on Monday announced the release of a cell phone chip that was the subject of a technology race among the chipmaker's biggest competitors.

OCBJ SUPPLEMENTS and GUIDES

CORPORATE GIFT GUIDE

Friday, October 12

Employers Bracing for Rise in Healthcare Premiums

After four years of slower growth in healthcare costs, Orange County businesses could be digging a bit deeper to keep their employees insured in 2008.

Oracle Offers $6.7B for BEA Systems

Pouncing on an opportunity to add another weapon in an increasingly bitter business software battle, Oracle Corp. has offered to buy struggling rival BEA Systems Inc. for $6.7 billion in its latest shot aimed at another industry leader, SAP AG.

Shares of Medical Device Maker Alsius Plunge on Sales Shortfall

Shares of Irvine medical device maker Alsius Corp. fell 15% on Friday after it said its third-quarter revenue would be below expectations.

Alcoa Awarded Fighter Jet Parts Deal

Aluminum maker Alcoa Inc. has been awarded a $360 million contract by the defense contractor Lockheed Martin Corp. to supply parts for new stealth fighter jets that will replace aging military planes.

Countrywide Sept. Mortgage Fundings Drop

Countrywide Financial Corp. said Thursday its mortgage fundings for September fell 44% from the same period a year ago, and the mortgage lender is now facing a potential federal investigation over the timing of stock sales by its chief executive.

Thursday, October 11

Foreclosure Filings Nearly Double

Foreclosure filings across the U.S. nearly doubled last month compared with September 2006, as financially strapped homeowners already behind on mortgage payments defaulted on their loans or came closer to losing their homes to foreclosure, a real estate

Wal-Mart Sales Rise, Profit Forecast Up

Wal-Mart Stores Inc. on Thursday reported a 1.4% rise in September sales at U.S. stores open at least a year, toward the low end of its forecast, but the world's largest retailer raised its third-quarter earnings estimate.

Warm Weather Dampens Retail Sales

Most U.S. retailers reported dismal September sales that missed Wall Street's expectations, hurt by unusually warm weather, prompting some to cut their outlook for the entire quarter.

Cortex Shares Plunge on Regulatory Setback

Shares of Irvine-based drug maker Cortex Pharmaceuticals Inc. plunged 61% on Thursday after a regulatory setback.

ITC Looking at Western Digital, Toshiba, Others

Two local companies that make disk drives are under investigation for alleged patent infringement by a federal watchdog group.

PacSun Sept. Sales Up; Wet Seal Beats Lowered Forecast

Anaheim's Pacific Sunwear of California Inc. saw sales at stores open at least a year rise 2.7% in September,beating Wall Street's expectations,while the county's other major mall retailer, Foothill Ranch-based Wet Seal Inc., saw a 7% drop that was slight

Wednesday, October 10

Alcoa Shares Slip After Earnings Report

Alcoa shares were down Wednesday after the aluminum producer reported earnings that missed Wall Street expectations, dented by a weak dollar and high energy costs as well as its own efforts to rework its sprawling operations.

Oracle Buys Irvine's LogicalApps

Irvine-based business software maker LogicalApps Inc. has been acquired by Oracle Corp.

Boeing Delays Delivery of 787 Dreamliner

Boeing Co. on Wednesday pushed back first deliveries of its 787 Dreamliner by at least six months as it struggles to assemble the new lightweight, carbon-composite plane.

Thousands of Chrysler Workers Walk Out

Thousands of Chrysler autoworkers walked off the job Wednesday after the automaker and the United Auto Workers union failed to reach a tentative contract agreement before a union-imposed deadline.

RBS Group Seals $99B ABN Buyout

A consortium of banks led by Royal Bank of Scotland declared its $99.3 billion bid for ABN Amro Holding unconditional on Wednesday, sealing the largest takeover ever in the financial industry.

MSC.Software Offers Sales Outlook Below Expectations

Shares of Santa Ana's MSC.Software Corp., which makes software used by manufacturers to test their designs, fell Wednesday after the company lowered its sales outlook for the third quarter.

Mortgage Trouble Drives Downey's Expected Q3 Loss

Newport Beach-based savings and loan operator Downey Financial Corp. said on Wednesday that bad loans will bring a loss to its third-quarter results.

Tuesday, October 9

Advanced Medical Hires CFO From Quest Software

Now we know why. The former chief financial officer of Aliso Viejo's Quest Software Inc. has signed on for the same post at Santa Ana's Advanced Medical Optics Inc.

EBay Overpaid for Skype, Cofounder Says

Niklas Zennstrom, cofounder of Internet telecom company Skype, said on Tuesday he agreed the original valuation put on the company by purchaser eBay Inc. was too high.

Contact Lens Maker Cooper Downgraded

Shares of Cooper Cos., which is moving its headquarters from Lake Forest to Pleasanton, were downgraded Tuesday by an analyst who said its profits could fall in the next 12 months as it sells more daily contact lenses and fewer more profitable products.

AT & T; To Buy spectrum From Aloha for $2.5B

AT & T; Inc., the biggest U.S. mobile service, said on Tuesday that it would buy the wireless airwave licenses of privately held Aloha Partners LP for about $2.5 billion.

Nike Names CEO for Hurley

Nike Inc. has named a new chief executive for its Costa Mesa-based Hurley International as founder Bob Hurley becomes chairman.

Jaguar, Land Rover Bids Expected Soon

Bids for Ford Motor Co.'s luxury brands Jaguar and Land Rover, whose U.S. base is in Irvine, are expected to come in at the end of October or early November.

SABMiller, Molson Coors To Combine U.S. Operations

Brewers SABMiller and Molson Coors Brewing have agreed to combine their U.S. operations to create a business that will have annual sales of $6.6 billion and be the second-biggest market player behind Anheuser-Busch.

Monday, October 8

PEOPLE

A look at people, companies and institutions receiving awards, accolades, grants and other honors

Printer Maker Printronix Selling for $108M

Irvine-based Printronix Inc., a maker of industrial printers, is being bought for $108 million by San Francisco-based private equity firm Vector Capital.

Exec Sentiment Hits 4-Year Low

Executive sentiment about the local economy has hit a four-year low

GIVING

Fund-raisers and charitable donations from companies and people

SAP Buying Business Objects for $6.8B

SAP has agreed to a cash offer to buy software group Business Objects for about $6.8 billion in the face of an aggressive acquisition spree by rival Oracle.

Lady Luck Turns on Las Vegas' Once-Hot Home Market

People trying to sell their homes in Las Vegas,one of America's hottest job and property markets over the past decade,have seen their luck turn dramatically worse this year.

EU Probing IBM's Buy of Telelogic

EU Probing IBM's Buy of Telelogic

Time Warner Telecom Laying Fiber-Optic Line

Time Warner is expanding its local fiber-optic network in the county

Executive Sentiment Hits 4-Year Low

The outlook for business growth in Orange County for the fourth quarter hit a four-year low, according to California State University, Fullerton's quarterly business expectations survey.

More Wire Hangers

A former Flojet Corp. warehouse in Foothill Ranch now is the home of clothing hanger maker

D-Link Nabs Government Contract in Bid to Diversify

D-Link Systems, a maker of networking gear for consumers and businesses, scored a five-year contract to sell its products to the federal government, in the technology column

Old Vine Cafe Serving Up Three Inventive Meals a Day

Get three creative meals a day at Old Vine Cafe, in the Executive Dining column

Most Trammel Brokers Leave After CB Richard Ellis Buyout

CB Richard Ellis' $2.2 billion acquisition of Trammell Crow has shaken up the local brokerage industry

Register Family's Threshie Starts Magazine for Car Buffs

A former executive at Santa Ana's Orange County Register is launching a car magazine, in the Media & Marketing column

InSight: Lighter Debt, But Scanning Market Still Tough

Lake Forest-based medical scanning provider InSight Health posted poor results after it re-emerged from bankruptcy reorganization, in the Healthcare column

Disney Educational Field Trips Bring Visitors to Theme Park

Walt Disney's hosting student trips in a bid to get more visitors to its Disney's California Adventure theme park

Once King of Laptops, Toshiba Targets Niche

The local portable computer division of Japan's Toshiba is looking for profit in new places

Record Baseball, Donald's Wealth, Mimi's New Do

Record Baseball, Donald's Wealth, Mimi's New Do

Vans Drives Employment Gain Among Local Clothing Makers

Vans' move back to Orange County drove a worker gain among the county's top apparel makers

Drug Maker Avanir Jumps on Regulatory OK of Trial

Shares of Aliso Viejo-based Avanir Pharmaceuticals Inc. shot up nearly 40% Monday on news that regulators cleared a clinical trial for Zenvia, its long-delayed drug candidate to treat emotional outbursts.

Greenspan: U.S. Economic Growth Slowing

Former Federal Reserve Chairman Alan Greenspan said on Sunday that the rate of U.S. economic growth was slowing, but the odds of a recession are less than 50%.

Pimp My Auto Show

The OC Auto Show was a little more entertainment-focused

Building Biomedical

UCI's biomedical engineering department is looking to do more with OC's medical device sector

Acer Buying Packard Bell Through Gateway

Irvine-based Gateway Inc.,or rather pending parent company Acer Inc.,is buying European computer maker Packard Bell BV.

Vote Delay Means Trucking Plan at Ports Will Be Postponed

Plans to vote on diesel truck emissions reduction at local ports postponed for the second time

KUDOS

A look at people, companies and institutions receiving awards, accolades, grants and other honors

REAL ESTATE DEALS

Sales and leases of offices, industrial buildings, retail space and apartments

Addition of 11 Chemicals to Prop. 65 Worries Businesses

Pot is just one of a few substances that might be deemed hazardous in California, in Regulation Watch

KBS Realty Advisors Set to Raise Billion-Dollar Fund

KBS Realty Advisors LLC has a second real estate investment trust in the works, in the Real Estate column

Powerwave Gets Analyst Upgrade

Shares of Santa Ana-based Powerwave Technologies Inc., a maker of gear for wireless phone networks, jumped Monday after an analyst upgraded the stock on expectations that the company will turn a profit in the fourth quarter.

Auto Sales Slump; Mercedes Slips to No. 3 Luxury Brand

August auto sales were a cause of weeping for dealers, in the Marketplace column

LIVING

Afterhours, BlackBerrys optional.

Nursing Home Operator Ups IPO Amount

Ensign Group, a Mission Viejo-based nursing home and rehabilitative care company, on Monday revised terms to go public, increasing the amount it plans to raise.

EXECUTIVE SUMMARY

This past week's news from www.ocbj.com and other sources

Quest CFO Leaving

Aliso Viejo's Quest Software Inc. said its chief financial officer is leaving.

Fight Over Rusty Brand Heads to Court

Irvine's C & C; and a San Diego rival are set to hash out the license for Rusty clothing in court

VIEWPOINT

The recent indictment against William Lerach should go down as a milestone in the battle against unscrupulous and predatory lawyers, in commentary by Dr. Michael Arnold Glueck,

Lennar Not Killing Anaheim, Irvine Projects

Lennar officials said the company's staying the course on its housing projects here

Cargo Challenge From Mexico Prompts Local Ports' Response

The ports of Long Beach and Los Angeles in talks with Mexican port officials to develop new trade routes

Express Manufacturing Tops List of Contract Electronics Producers

The county's ranking of contract electronics makers saw a little change with the top spot this year

CALENDAR

A listing of events happening all around Orange County

AROUND THE COUNTY

Projects, developments and other activity in cities in and around OC

Office Market Takes Step Backward

Jitters about OC's office market are increasing after third-quarter data showed conflicting results

Cal State Fullerton Vibe Event Appealing to Local Vietnamese

OC's Vietnamese community is getting good vibes from Cal State Fullerton

Real Estate Watch: Manufacturing and Warehouse

OC's manufacturing and warehouse sector is holding strong. PLUS: CHART - Net Absorption; Vacancy Rates; Average Asking Lease Rates

Friday, October 5

Edwards Gets Upgrade on Possible '08 Turnaround

Shares of Irvine heart valve maker Edwards Lifesciences Corp. were upgraded Friday by a Piper Jaffray analyst, citing several potential catalysts.

South Korean Game Maker NCSoft Discloses Local Buy

South Korean game developer NCSoft Corp. has taken the wraps off its buy of Aliso Viejo-based Carbine Studios, an offshoot of Irvine's Blizzard Entertainment.

Jobs Come in Higher Than Expected

Employers added 110,000 new jobs in September and hiring in the two previous months was revised up strongly, the government said on Friday in a report showing a more resilient labor market than previously thought.

Toshiba Targets Game Players With Laptop

The local portable computer division of Japan's Toshiba Corp. is looking for profit in new places,from the pockets of online gamers.

Merrill To Write Down $5.5B

Merrill Lynch & Co said on Friday it would write down $5.5 billion for bad bets on subprime mortgages and leveraged loans, taking the worst hit yet among major Wall Street brokerages from turmoil in the credit markets.

Washington Mutual Expects Big Drop in Profit

Washington Mutual Inc., one of the largest mortgage lenders, said on Friday it expects a 75% drop in third-quarter net income because of adverse housing market and credit conditions.

Thursday, October 4

Factory Orders Fall, Jobless Claims Rise

New orders at factories fell more than expected in August and jobless claims climbed last week, government reports showed on Thursday, but markets awaited more conclusive evidence of the impact of the housing slump and credit crisis on the economy.

SunCal Cos. Gets Into Homebuilding Business

Irvine's SunCal Cos., one of the country's biggest developers of masterplanned communities, has a new line of business: homebuilding.

DaimlerChrysler CEO Defends Name Change

DaimlerChrysler AG Chief Executive Dieter Zetsche reassured shareholders Thursday that the automaker was not forgetting its history with a proposed name change to Daimler AG.

Countrywide Ordered to Provide Option Data

Countrywide Financial Corp. was ordered to give confidential information about its stock-grant practices to a pension fund that claims it gave executive stock rights at "unusually suspicious and lucrative times," the Los Angeles Times reported on its Web

Wet Seal Shares Drop on Weak Outlook

Shares of Foothill Ranch-based Wet Seal Inc. plummeted 19% on Thursday after the retailer lowered same-store sales in September and cut guidance for October as well as third quarter profit.

New Century Examiner Seeks Subpoena Power for Former Execs

A probe into accounting irregularities at Irvine's New Century Financial Corp. is being impeded by former members of the company's senior management team, a bankruptcy court-appointed examiner said.

Wednesday, October 3

EU Probing IBM's Buy of Telelogic

The European Commission is looking into IBM Corp.'s bid to buy Sweden's Telelogic AB, which has its U.S. headquarters in Irvine.

Impac Mortgage Seeking to Sublease Irvine HQ Building

Impac Mortgage Holdings Inc., in the midst of downsizing from the struggling mortgage market, has put its new headquarters in Irvine up for sublease.

Irvine Co. in $1.4B Apartment Deal

The Irvine Company is set to buy 16 apartment complexes in Orange County and San Diego County as part of an estimated $1.4 billion deal.

Private Sector Adds 58,000 Jobs in Sept.

U.S. private employers likely added 58,000 jobs in September, in line with expectations, a report by a private employment service said on Wednesday.

Encore Credit Combining, Jobs Being Cut

Bear Stearns Cos. is combinin Encore Credit Corp., its Irvine-based subprime mortgage division, with its residential mortgage business in Arizona, the company said on Wednesday.

Verizon Unveils iPhone Rival

Verizon Wireless unveiled three new cell phones on Wednesday for the holiday season, including a high-end handset named Voyager that will compete with Apple Inc.'s iPhone.

Trial Lawyer Robinson Gives $1M to UCI Law School

Mark Robinson, Orange County's most prominent trial lawyer, has given $1 million to the Donald Bren School of Law in formation at the University of California, Irvine.

Deutsche Bank to Take $3.1B Charge

Echoing large international rivals, Deutsche Bank said Wednesday it will take billions of dollars of charges due to the ongoing disruption in the credit markets.

Tuesday, October 2

TD Bank to buy Commerce Bancorp for $8.5B

Canada's Toronto-Dominion Bank will buy Commerce Bancorp in a cash-and-stock deal worth $8.5 billion which will expand its footprint in the United States, the banks said on Tuesday.

Beaten-Down Homebuilders Rally, Despite Poor Housing Outlook

Shares of Irvine-based Standard Pacific Corp. and other homebuilders regained some of their recent losses on Tuesday, following an analyst upgrade and speculation that the Federal Reserve will continue to cut interest rates.

AT & T; Sees $5B From IBM Network Services

AT & T; Inc. said on Tuesday it would provide telecommunications and network management services to International Business Machines Corp., giving the phone company up to $5 billion additional revenue over five years.

Printronix Selling to Private Equity Firm for $108M

Irvine-based Printronix Inc., a maker of industrial printers, is being bought for $108 million by San Francisco-based private equity firm Vector Capital.

Quest CFO Leaving for Another Company

Aliso Viejo's Quest Software Inc., a maker of software that monitors the performance of other business software programs, said its chief financial officer is leaving.

Pending Home Sales Fall Sharply

Pending sales of previously owned homes fell by a larger-than-expected 6.5% in August as more borrowers seeking home loans were turned away by cautious lenders, a real estate trade group said on Tuesday.

Monday, October 1

OCBJ SUPPLEMENTS and GUIDES

NEW HOME NEIGHBORHOODS

MARKET WATCH

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

Allergan Buys Drug Maker With Sales Force in Mind

Allergan's buy of drug maker Espirit is a way for it to get into a new market, in the Healthcare column

Impac Mortgage Looks To Sublease Irvine HQ

Impac Mortgage Holdings has been in the midst of a big downsizing,now it's put its new headquarters in Irvine up for sublease

PEOPLE

Hirings, promotions and other moves at local businesses

CALENDAR

A listing of events happening all around Orange County

Ueberroth's 'U.N.' Hosts Iranians, Too; JWA's Full Slate

Ueberroth's 'U.N.' Hosts Iranians, Too; JWA's Full Slate

Maples Communications Now Offering Web Services

A Mission Viejo-based marketing shop is going after more online work, in the Media & Marketing column

Citigroup Warns of 60% Earnings Drop

Citigroup Inc., the nation's largest financial institution, warned Monday its third-quarter earnings are likely to decline 60%.

Ambitious Boss Pushing Quiet Japanese Maker of Pollution Tracking Gear

A quiet Japanese company with its U.S. base in Irvine is looking to mount a national marketing push for its pollution measuring products

Ingram to Provide Service Through Best Buy

Ingram Micro is tapping the Geek Squad for its latest work

Valeant Eyes Hispanics With Mexican Vitamins

Valeant Pharmaceuticals is looking to make a top-selling Mexican vitamin a hit with Hispanics here

Fifield Looks to Sell Costa Mesa Condo Site

Fifield is looking to sell the Costa Mesa site that's slated to hold the first high-rise condominium towers around South Coast Plaza

Cardiogenesis Banking on Device Approval to Spur Growth

An Irvine medical device maker is looking to a twist on its core product to help weather a rough spot

Italian Wines, Food Meet in October at Vessia, Antonello

A couple of local restaurants are hosting some Italian food and wine dinners, in the Executive Dining column

LETTERS

Toll roads are environmentally friendly, in Letters

EU Launches Qualcomm Investigation

European Union antitrust regulators are investigating U.S. wireless technologies company Qualcomm for possible abusive business practices, European officials said Monday.

SunCal Cos. Gets Into Homebuilding Business

Irvine's SunCal Cos., one of the country's biggest developers of masterplanned communities, has a new line of business: homebuilding.

The Mid-Counties Market

Sale and leasing activities in the second quarter were strong along the Orange-Los Angeles county line. PLUS: CHART - Net Absorption; Vacancy Rates; Average Asking Lease Rates

County Fund Holds Up Under Street, Despite Treasurer's Issues

Orange County Treasurer-Tax Collector Chriss Street, who's in the midst of federal and local investigations, has done OK managing the county's money

Advanced Medical Ends Litigation Inherited From IntraLase Buy

Santa Ana-based Advanced Medical Optics Inc. has struck a patent licensing deal with Carl Zeiss AG of Germany, ending litigation it acquired in its $800 million buy of Irvine's IntraLase Corp. in April.

REAL ESTATE DEALS

Sales and leases of offices, industrial buildings, retail space and apartments

Designing Devices

Coming Up With Medical Devices Part Art, Part Scientific Problem-Solving, Designer Says

GIVING

Fundraisers and charitable donations from companies and people

Tenant Brokers See 3161 Michelson as Trophy Office

Maguire's Park Place tower could just rival's the county's premier office building,Costa Mesa's Plaza Tower, in the Real Estate column

Pimco's Gross: Housing Slump to Drive More Rate Cuts

Declining housing prices will drive federal interest rates for years to come, said Bill Gross of Newport Beach-based bond fund manager Pacific Investment Management Co. on Monday.

Allez Spine Defeats J & J; Division in Suit

A small medical device maker in Irvine prevailed in a patent infringement suit brought by a Johnson & Johnson unit

Newport's Concours Attracts Lyon, Lusk, Croul

For car aficionados, the Newport Beach Concours d'Elegance is the show of the year

Software Seller Neudesic Has Microsoft Pedigree

Software Seller Neudesic Has Microsoft Pedigree. Founder Rohani Has Big Plans: 1,000 Workers Within Four Years

Wireless Chip Startup WiSpry Hires From U-Nav, Again

Irvine chip startup WiSpry Inc. has added a new executive to its lineup, in the Technology column

Amp Research: Tweaking Trucks for Function, Looks

Irvine's Amp Research knows how to rev up a truck with its bed extenders and other products, in the Small Business column

Money Manager Keller Group Opens Own Irvine Bank

An Irvine money manager has started its own bank

Wonderland Bakery Opens Store in South Coast Plaza

Wonderland Bakery is planning a second store at a rather prestigious spot, in the Marketplace column

First American Buys Data Software Maker

Santa Ana-based title insurer and business data provider First American Corp. has acquired Florida's Proxix Solutions Inc., a maker of software that analyzes location data for insurers, tax agencies, cable companies and others.

Nokia to Buy Navteq for $8.1B

Nokia Corp. is buying U.S. navigation-software maker Navteq Corp. for around $8.1 billion as the world's largest mobile phone maker continues to expand services and content.