Stories for October 2010

Sunday, October 31

Riding a Wave

Company’s Board Mixes Skateboarding, Surfing

Newport Beach’s Street Surfing, the maker of the Wave board, is growing with new products and popularity in Europe

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Employers Not Too Worried on Worst-Case Scenario

WORKERS’ COMP: Hikes expected but 28% unlikely

Local employers are not too worried about possible increases in workers’ compensation premiums

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Donors Boost Cal State Fullerton’s $26M Endowment Fund

EDUCATION: Fledgling fund helps offset cuts in state support

California State University, Fullerton’s endowment fund has grown by 50% since 2007, mostly through alumni and other private donations

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Real OC: Diverse, Dynamic and—Dare I Say—Progressive

NOTEBOOK

The Business Journal’s Jerry Sullivan sees something progressive in OC, in a Notebook

REAL ESTATE DEALS

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

REAL ESTATE WATCH: High-rise Office Space

High-Rise Office Landlords Look for Short Leases Until Upturn Takes Hold

Asking lease rates in the county’s high-rise office market appear to be nearing the bottom, in Real Estate Watch

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Pacific Newport Doubles Up on Biggest Industrial Sale

$85M for I.E. Center; Triangle-Adjacent Parcel for Sale; McMonigle Declares Independence

Pacific Newport Properties says it’s pulled off the biggest industrial sale in Southern California so far this year, in the Real Estate column

Stars Give Suzuki Hatchback a Spin at El Toro Course

Editor & Publisher Gets New Team, Irvine HQ; Blue C Moves to Costa Mesa, Adds Clients

Brea’s American Suzuki Motor is set to see one of its cars featured in a History Channel TV show, in the Media and Marketing column

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Ikea in Costa Mesa One of Seven To Add Solar Panels

Boutique Hopes for Holiday Cure to Spotty Business; Sit ’n Sleep Opens Big Anaheim Store

IKEA in Costa Mesa is going solar with plans to install 30,000 square feet of solar panels on its roof, in the Marketplace column

Specific Media Gets Into Video With N.Y Acquisition

$4 Million in Funding for Applied Voice; Desai’s Deal Helps Sell QLogic Succession Plan

Irvine’s Specific Media acquired a New York-based video advertising provider, in the Technology column

Holiday Gift Idea: Pelican Hill’s Culinary Classes

South Coast Plaza Dining Avenue Adds a Pair; Benefit Buffet; Dinner Deal at The Catch

South Coast Plaza has seen a number of restaurant openings this year, including Seasons 52 and Capital Grille, in the Executive Dining column

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Yearly Blizzard Bash Attracts 28,000 Fans

TECHNOLOGY: Jack Black, Dave Grohl entertain attendees

Blizzard Entertainment’s annual fan fest, BlizzCon, brought in some 28,000 fans last month

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Added Healthcare Costs on Menu for Employees

INSURANCE: Employers to shift burden as reform takes hold

Insurance and Employee Benefits—Workers should expect to pay more for their health insurance in 2011

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NEWS OF THE WEEK

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

Cancer Diagnostic Company Clarient Staying Put After $587M GE Buyout

HEALTHCARE: Few layoffs expected, staying in Aliso Viejo

Clarient’s chief executive and operations are set to stay in Aliso Viejo after its pending sale to General Electric

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BJ’s Defies Downturn, Sees More Growth in 2011

RESTAURANTS: T-shirts and Pizookies instead of cutbacks

BJ’s Restaurants is seeing record growth even as some casual dining competitors continue to struggle in a down economy

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Acquired Maguire Buildings Go to Receiver

REAL ESTATE: Bixby picked up properties three years ago

Four office complexes partially owned by Bixby Land Co. have gone into receivership

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Royce May Get Key Post; Ko Back, as Artist

OC INSIDER Column by Rick Reiff

Testy Market Takes Toll on Western Digital

TECHNOLOGY: Glut, price cuts, soft demand for drives hurt profits

Western Digital expects a slower holiday season as demand for disk drives remains sluggish

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Tile Importer Strikes Big Lease in Anaheim

REAL ESTATE: Eleganza now in Fullerton; stabilizing market?

Eleganza Tiles is moving its headquarters from Fullerton to Anaheim in one of the larger industrial leases this year.

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Early Europe Approvals for Medical Devices Could Fade

Device Maker Raises $4.7M, UCI Medical Center Adopts New Name, Honors Donor Douglas

Regulators in the U.S., Japan and Europe are looking to unify their approval process for medical drugs and devices, which could make approvals tougher in Europe, in the Healthcare column

Brokers Post Revenue Decline, Hold Steady on Employment

Sale of Aon Auto Unit Drags on Totals; Benefits Broker Hirings Offer Sign of Improvement

ABOUT THE LIST: The county’s insurance brokers saw a drop in revenue for the second year in a row. Includes the 2010 OC INSURANCE BROKERS List for download (pdf)

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Sun Healthcare Real Estate Spinoff Nears

WALL STREET: Sabra expected to see market value of $350-$400M

Sun Healthcare spinoff Sabra Health Care REIT is set to make its debut on Wall Street soon and already is looking for acquisitions.

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Friday, October 29

Newport Beach's Conexant Continues Bearish Slide

Shares of Newport Beach chipmaker Conexant Systems Inc. continued their bearish slide Friday, a day after the company gave an outlook for the current quarter that fell short of Wall Street’s expectations.

Quality Systems Results Miss Expectations

Quality Systems Inc., an Irvine healthcare software maker, on Friday reported results for its most recent quarter that missed Wall Street estimates.

Halliburton Shares Still Sliding on Spill Report

Halliburton Co. shares continued to slide, a day after a government panel said the oilfield service company used flawed cement on the BP PLC well that blew out in the Gulf of Mexico, causing the worst offshore oil spill in U.S. history.

Merck 3Q Profit Plunges 90% on Deal Charges

Merck & Co. posted a 90% drop in third-quarter profit, due to large charges for its $41.1 billion acquisition last year of Schering-Plough Corp. and a legal reserve set up because of a federal investigation.

Volcom Plunges on Lower Q4 Profit Guidance

Shares of Costa Mesa-based Volcom Inc. slumped Friday, a day after the clothing maker warned Wall Street of a projected profit shortfall for the current quarter.

Thursday, October 28

Ingram Micro Beats on Sales, Just Shy of Profit Expectations

Shares of Santa Ana’s Ingram Micro Inc., the biggest distributor of technology products, software, computers and consumer electronics, on Thursday reported results for the third quarter that beat analysts’ expectations on sales but fell short on profits.

Anaheim Drug Maker Questcor’s Q3 Beats Street

Questcor Pharmaceuticals Inc., a drug maker that recently moved to Anaheim Hills from Northern California, on Thursday posted third-quarter results that beat Wall Street’s expectations.

Quest Software's Q3 Results Beat Street

Aliso Viejo’s Quest Software Inc., a maker of business software, on Thursday reported third quarter results that beat Wall Street’s expectations.

First American Posts Q3 Profit, Revenue Down

Santa Ana-based title insurer First American Financial Corp. on Thursday reported a third-quarter profit of $33.1 million, with earnings and revenue falling into line with Wall Street expectations.

Jobless Claims Drop to Three-Month Low

New claims for unemployment benefits fell last week to a three-month low, hinting at some improvement in the listless labor market.

U.S. Announces $2.4 billion For High-Speed Rail

The federal government will send $2.4 billion to 54 high-speed rail projects in 23 states, the Transportation Department said, following up on announcements made by members of Congress and governors earlier in the week.

Exxon Quarterly Profit up 55%, Tops Street

Exxon Mobil, the world's largest publicly traded oil company, said its quarterly profit rose 55%, topping expectations, as higher crude prices and improved refining margins boosted results.

Endologix Buying Bay Area Device Maker, Gets $15M Investment

Irvine medical device maker Endologix Inc. said Thursday it is buying a Bay Area company in a deal that could be worth up to $54 million.

CSUF Forecast: Modest Recovery for Next Two Years

Orange County’s economy will grow at a modest pace next year and in 2012, but a strong recovery is unlikely, according to a forecast from California State University, Fullerton economists.

Wednesday, October 27

Beckman Coulter Beats Street; Shares Rise

Beckman Coulter Inc., a Brea-based medical testing company, on Wednesday reported third-quarter results that surpassed Wall Street’s expectations.

September Auto Sales Rise

Sales at Orange County auto dealers rose again in September, jumping 23% from a year earlier to 11,812 vehicles, according to the Newport Beach-based Orange County Automobile Dealers Association.

Durable Orders Ex-Transportation Fall in September

Demand for long-lasting U.S. manufactured goods, excluding aircraft, unexpectedly fell last month and a key gauge of business capital spending plans also eased, underscoring the economic recovery's tepid pace.

P&G Posts HigherThan-Expected Quarterly Profit

Procter & Gamble Co. posted a higher-than-expected quarterly profit as new products and strength in emerging markets helped spur sales volume growth at the world's largest household products company.

Stocks Fall Amid Questions About Fed Plan

Stocks are falling as concerns grow over whether the Federal Reserve's plans to buy Treasury bonds might be smaller and slower than anticipated.

Broadcom Jumps on Bullish Outlook

Shares of Irvine-based communications chipmaker Broadcom Corp. jumped Wednesday after the company gave an outlook fourth quarter that trumps Wall Street’s expectations.

Tuesday, October 26

Standard Pacific Posts Second Straight Quarterly Profit

Irvine-based Standard Pacific Corp. posted its second consecutive profitable quarter on Tuesday, although company officials are bracing themselves for a longer-than-expected economic recovery that could hinder near-term growth.

Ceradyne Results Fall Short, 2011 Outlook Upped

Costa Mesa-based Ceradyne Inc. fell short of Wall Street expectations with third-quarter results but affirmed its outlook for the rest of the year and upped its guidance for 2011.

Kelley Blue Book Being Bought for Estimated $500M

Irvine-based automotive research website operator Kelley Blue Book is being bought for an estimated $500 million by Atlanta-based AutoTrader.com LLC.

Monday, October 25

Tech Companies Up on Bullish Sentiment

Shares of two technology companies jumped on bullish expectations on Monday, a fairly upbeat day on Wall Street.

Edwards Beats Expectations, Boosts Outlook

Edwards Lifesciences Corp. on Monday reported mixed third-quarter results and offered a fairly upbeat outlook for the rest of the year.

Existing Home Sales Rise, Supply Edges Down

Sales of previously owned homes rose in September, but remained at subdued levels that did little to undermine the case for additional monetary stimulus next week from the Federal Reserve.

Office Depot Chairman And CEO Odland Resigning

Office Depot Inc.'s Chairman and CEO Steve Odland is stepping down by mutual agreement with the board.

CommScope In Talks With Carlyle on $2.98B Buyout

CommScope Inc. is talking to asset management firm Carlyle Group about being taken private in a deal valued at about $2.98 billion.

Kaiser Aluminum Profit Falls Short, Cautious Q4 Outlook

Foothill Ranch-based aluminum products maker Kaiser Aluminum Corp. fell short of Wall Street’s third-quarter profit expectation while topping what analysts were expecting on revenue.

Light Years

U.S. Lighting Lands $30M New Jersey Project; Contracts With Brea, Carlsbad, Other Cities

FAST-GROWING PRIVATE COMPANIES - #1. U.S. Lighting Technologies

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Casual Gamers Fuel Gains for Future Ads

ADVERTISING: Games draw players; players draw advertisers

FAST-GROWING PRIVATE COMPANIES - #4. Future Ads LLC

Accessory to Growth

Incipio Makes Gadget Cases; Picked up by Wal-Mart, Target, Others

FAST-GROWING PRIVATE COMPANIES - #5. Incipio Technologies

Most Gets More Thanks to National Realtors Account

Adds Website Work to Media Buying and Creative Duties as Big Client Continues to Pay Off

FAST-GROWING PRIVATE COMPANIES - #3. Most Brand Development

Seeing the Light

Cosemi Surges as Cloud Computing Propels Fiber-Optic Networks

FAST-GROWING PRIVATE COMPANIES - #7. Cosemi Technologies Inc.

ATMs, Debit Cards, Check Processing Bring Heady Growth

RETAIL: U.S. Alliance offers equipment, fulfills transactions

FAST-GROWING PRIVATE COMPANIES - #2. U.S. Alliance Group Inc.

Baby Boomers Factor in Demand for Medical Offices

Construction and Tenant Improvements in L.A., Inland Empire Keep Golden Growing

FAST-GROWING PRIVATE COMPANIES - #8. Golden Construction Development Co.

Lender Rides Mortgage Boom, Crash, Back in Growth Mode

FINANCE: Stearns Lending now among nation’s largest

FAST-GROWING PRIVATE COMPANIES - #6. Stearns Lending Inc.

Local Coupon Publications Blanket OC to Buck Slowdown

PUBLISHING: Revista Set to Add New Titles to Roster

FAST-GROWING PRIVATE COMPANIES - #9. Revista Publishing LLC

Model to Copy: Outsourcing Technical Expertise

MEDIA: Tech Services Let Clients Focus on Core

FAST-GROWING PRIVATE COMPANIES - #10. ProRepro

Sunday, October 24

Flyers Baseball Team Proposes Stadium Project in Fullerton

SPORTS: Plan calls for new downtown park, development

The Orange County Flyers are looking to build a stadium in downtown Fullerton

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Edwards Rival Medtronic OK’d for New Valve Study

Hospira Helps Spur ICU’s Results; Former Hoag Executive Takes Over at St. Joe in Orange

Medtronic got FDA approval for a clinical trial of a heart valve it’s developing in Irvine, in the Healthcare column

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Banker Gordon Back With Opus, Ambitious Expansion Plan

New Charter, $460 Million Refinancing, 70 Branches Planned, Including One in Crystal Cove

Longtime OC banker Stephen Gordon is looking to expand newly renamed Opus Bank

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Fast-Growing Privates: $12B in Sales, Growth of 23%

Recession Takes Toll on Group’s Size, Two-Year Growth Rate; Survivors Defy Downturn

ABOUT THE LIST: A list of 69 companies with strong two-year growth. Includes the 2010 OC FAST-GROWING PRIVATE COS List for download (pdf)

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EVENTS - Fast-Growing Bash

Scenes from business, social, charity and other events

REAL ESTATE WATCH: GREATER LOS ANGELES

Slow Rebound for Greater L.A. Commercial Real Estate

The Greater Los Angeles market is seeing a slower recovery from the recession than other markets, in Real Estate Watch

Undone Deal Puts Pacific Arts Plaza Site Back in Play

Irvine Co. a Possible Bidder; Developers for Whitman; Target Gets San Clemente Parcel

The sale of Costa Mesa’s Pacific Arts Plaza has hit a snag, in the Real Estate column

Wunderman’s Workload: Autobytel Fills Toshiba Gap

Billboards Aim High at John Wayne Airport; Mazda2 Goes With Soul Singer on Tour

Irvine’s Wunderman has taken on more advertising duties with customer Autobytel, in the Media and Marketing column

Kingston to World: Please Destroy Our Solid State Drive

Analyst: Western Digital May See Flat Quarter; Incubator Opens at University Research Park

Kingston Technology put out a call for participants in its annual competition to destroy its solid state drive, in the Technology column

NEWS OF THE WEEK

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

Grubb & Ellis Cuts 2010 Outlook, Sees Third-Quarter Loss

Shares of Santa Ana-based Grubb & Ellis Co. fell last week after the company said it likely will fall short of its earnings projections for the year and warned of a third-quarter loss.

UBS Brings New Approach to Investors: ‘Telling, Not Selling’

BANKS: Private banking sees growth with softer client pitches

UBS Financial Services has cleaned up its business strategy and is looking to grow at its offices in OC

Beer Distributor Signs Big Lease in Anaheim

Tustin beer distributor Straub Distributing has signed a 15-year lease in Anaheim valued at nearly $40 million

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Anaheim Lands HQ of Bay Area Drug Maker

HEALTHCARE: Questcor is growing; $630M market value

Northern California drug maker Questcor is moving its headquarters to Anaheim Hills

Holiday Recovery

Shopping Season Expected To Be Best in Years

Orange County malls and retailers are expecting the best holiday shopping season in years

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Bid May Bring Free-for-All; Fall in New York

OC INSIDER Column by Rick Reiff

New Mazda Ad Team Hires Creative, Execs

AUTO: New faces, locals, vets from Doner make up team

Mazda’s new advertising shop Team Mazda is busy building its employee ranks

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Orange City Square Deal Shows ‘Appetite to Buy’

REAL ESTATE: Deal pegged at $65M; fund eyes more in OC

A CB Richard Ellis Group investment trust recently bought Orange City Square for a fraction of its 2007 price

Board Fight Looming for Irvine’s Lantronix

TECHNOLOGY: Key owner seeks ouster of CEO, chairman

Lantronix’s Bernard Bruscha is gearing up for a board fight that could shake up the Irvine device maker’s executive ranks

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Apartment Buy Puts Irvine Co. in Platinum Triangle

REAL ESTATE: 884-unit deal could be biggest of year so far

Newport Beach’s Irvine Company has completed its largest acquisition in several years, buying a recently built apartment complex in Orange.

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Friday, October 22

County Adds Jobs in September, Employment Rate Unchanged

Employers here added 4,600 jobs from August to September, as gains in government, education and health services outpaced losses in construction, arts and entertainment, and tourism.

BJ’s Restaurants Surges After Beating Estimates

Huntington Beach-based BJ’s Restaurants Inc. saw its shares surge Friday, a day after reporting better-than-expected quarterly results.

GE Buying Cancer Testing Company Clarient for $587M

Clarient Inc., an Aliso Viejo cancer testing company, said on Friday that it is being acquired by General Electric Co.’s healthcare unit for $587 million.

Stand-Alone Home Prices Move Above $500,000 Mark

The median price of an existing Orange County home moved back above the $500,000 mark in September, while the pace of sales here remained sluggish, the California Association of Realtors said Friday.

AIG Raises $17.9 Billion And Prices AIA IPO at Top

AIA, the Asian life insurance arm of AIG, raised $17.9 billion by pricing its Hong Kong IPO at the top of its range as investors piled into the most attractive offering in the world's hottest financial market.

Asian Demand Boosts Profit at U.S. Manufacturers

Diversified U.S. manufacturers Honeywell International Inc. and Ingersoll-Rand PLC beat Wall Street's profit expectations and raised their forecasts for the rest of the year as strong demand from Asia helped to offset a tepid recovery at home.

Verizon Posts 25% Profit Drop For 3Q

Verizon Communications Inc., the country's largest wireless carrier, said its profit fell 25% in the third quarter, held back by a one-time charge for a pension settlement and the performance of its landline operations, which barely broke even.

Thursday, October 21

Emulex's Quarterly Outlook in Line; Results for Recently Ended Quarter Top Expectations

Costa Mesa’s Emulex Corp., a maker of electronics for data storage networks, on Thursday narrowed its outlook for the current quarter in line with Wall Street’s expectations.

Longtime QLogic CEO Desai Steps Down; Biddiscombe In

H.K. Desai, the longtime chief executive of Aliso Viejo-based QLogic Corp., said Thursday he’s set to step down after some 15 years at the helm.

Caterpillar Tops Street, Raises Forecast

Caterpillar Inc. reported stronger-than-expected quarterly earnings and raised its full-year forecast, citing especially strong demand for its construction and mining equipment in the developing world.

Toyota Recalling 1.53 Million Cars Globally

Toyota Motor Corp. is recalling 1.53 million Lexus, Avalon and other models, mostly in the U.S. and Japan, for brake fluid and fuel pump problems, the latest in a string of quality problems for the world's No. 1 automaker.

Goldman Proprietary Traders Head to KKR

Kohlberg Kravis & Roberts is hiring part of Goldman Sachs Group Inc.'s proprietary trading team, which is being shut down due to new restrictions on such trading.

Health Food, Supplement Distributor Nature's Best Opening Dallas-Area Warehouse

Brea-based Nature's Best, a distributor of vitamins, supplements and health foods that’s among Orange County’s largest private companies, plans to open a distribution center near Dallas.

Wednesday, October 20

Facilities Management West Tapped To Buy Fairgrounds for $100M

Costa Mesa-based Facilities Management West Inc. has been picked as the winning bidder to buy the Orange County fairgrounds for $100 million, the state said Wednesday.

Costa Mesa Dealership Set To Sell Fiats

At least one Orange County Chrysler dealer has gotten word that it soon will be among those selling Fiats here: Costa Mesa's Orange Coast Chrysler Jeep Dodge.

Irvine's Local.com Replaces Finance Chief

Irvine-based Local.com Corp., which runs online search engines for finding local businesses, has replaced its finance chief after less than two years on the job.

Grubb & Ellis Shares Slump on Lowered 2010 Guidance

Shares of Santa Ana-based Grubb & Ellis Co. fell Wednesday after the real estate brokerage and investor said it likely will fall short of its earnings projections for the year and warned of a third-quarter loss.

Morgan Stanley Slips Behind Goldman With Surprise Loss

Morgan Stanley reported a surprising third-quarter loss, suggesting the bank is losing hard-won ground in the battle with Goldman Sachs for Wall Street supremacy.

Boeing Profit Beats on Commercial Plane Recovery

Boeing Co. posted a quarterly profit that beat expectations, and it boosted its full year forecast, helped by a strong recovery in the commercial airplane market.

BofA Shares Plunge to June 2009 Low on Mortgage Woes

Bank of America Corp. shares hit their lowest point since June 2009, after accusations that the company inappropriately handled more than $47 billion in mortgage bonds prompted some Wall Street analysts to downgrade its stock.

Lantronix Responds in Brewing Board Battle, Supports CEO

Irvine’s Lantronix Inc. is defending its chief executive and track record as its largest shareholder seeks to wage a board battle at the networking electronics maker.

Tuesday, October 19

Vizio Nabs Four-Year Rose Bowl Presenting Sponsorship

Irvine's Vizio Inc., which designs and markets low-cost digital TVs, is set to be the presenting sponsor of the Rose Bowl from 2011 to 2014, including the BCS National Championship game.

Western Digital Sees Profits Fall

Lake Forest’s Western Digital Corp., the top maker of disk drives, on Tuesday reported results for the September quarter that showed a decline in profits.

County's Median Home Price Rises $5,000 in September

The median price of an existing Orange County home sold in September rose to $445,000, an increase of more than $16,000 or 3.7% from a year earlier.

Irvine Online Advertising Startup Specific Media Makes Second Buy

Irvine’s Specific Media Inc., which runs an online advertising network, said Tuesday it acquired New York-based Broadband Enterprises Inc., a provider of streaming video advertising.

Housing Starts at 5-Month High

Housing starts hit a five-month high in September, a tentative sign of healing in the housing market, though permits for future home building fell as approvals in the volatile multi-family segment tumbled.

Federal Agencies Probing Foreclosure Problems

The White House says federal agencies are investigating allegations of widespread errors in foreclosure documents.

Goldman Sachs Earns $1.74B, Easily Tops Forecasts

Goldman Sachs Group Inc.'s earnings easily beat analysts' forecasts again, but the bank saw a big slowdown in trading, its most profitable business.

Medical Device Maker ICU Beats Estimates, Ups Outlook

San Clemente-based medical device maker ICU Medical Inc. has upped its outlook for the rest of the year after reporting better-than-expected quarterly results.

Monday, October 18

Crystal Cathedral Ministries Files for Bankruptcy

Garden Grove’s Crystal Cathedral Ministries filed for bankruptcy protection on Monday, listing debts of $50 million to $100 million.

Mark Cuban Leads $5M Funding of Irvine's BlueCava

BlueCava Inc., an offshoot of Irvine security software maker Uniloc USA Inc., has raised $5 million in funding led by billionaire Mark Cuban and entrepreneur Tim Headington.

Shareholder Waging Board Battle at Irvine's Lantronix

The cofounder and largest shareholder in Irvine networking electronics maker Lantronix Inc. is mounting a board fight, charging the company’s current management and directors with “lackluster” results and a “lack of vision.”

Allergan Jumps on Botox Approval for Migraines

Shares of Irvine-based Allergan Inc. jumped Monday as Wall Street got its first crack at the stock after word Friday that the company’s flagship Botox drug was approved as a treatment for migraine headaches.

Citigroup Profit Tops Expectations

Citigroup Inc. reported a better-than-expected quarterly profit as credit losses slowed, but revenue fell short of estimates and analysts questioned whether the foreclosure crisis could further dampen future results.

October Home Builder Sentiment Up

Home-builder sentiment rose for the first time in five months as builders are starting to see "some flickers of interest" among potential buyers, according to a survey that continued to show weakness in the housing market.

Northeast Utilities to Buy NSTAR For $4.17 Billion

Northeast Utilities will buy peer NSTAR in a $4.17 billion all-stock deal to create a utility that will provide power and gas to more than half of the customers in New England, the companies said.

Sunday, October 17

REAL ESTATE WATCH: Inland Empire

Inland Empire Shows Early Signs of Rebound

The Inland Empire industrial and office market is showing signs of a rebound, in Real Estate Watch.

Orange Keeps Rolling

Thriving Plaza Area has Eateries, Shops, Some Growing Pains

The Plaza District in Orange is thriving with restaurants and shops, and some growing pains

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BlizzCon Bliss: OC ‘Really Feels Right’

TECHNOLOGY: Vegas talk aside, 30,000 due in Anaheim

The Anaheim Convention Center is gearing up for Blizzard Entertainment’s annual fan convention Blizzcon

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Tattoo Nation Spurs Edgy Sullen Clothing

APPAREL: Company known for graphic Tees eyeing juniors market

Sales are up for tattoo-inspired clothing maker Sullen Clothing

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KOCE Readies To Become Region’s PBS TV Flagship

MEDIA: Move will bring added dues; plans to work with others

KOCE is preparing to become the region’s flagship PBS station after Los Angeles’ KCET ended its partnership with the TV programmer

Chrysler Dealers Vying for Fiat Franchises

AUTO: Decision expected soon; “studios” instead of showrooms

The county’s Chrysler dealers are vying to get Fiats on their lots

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Patent Lawyers See Rebound in Filings Next Year

LAW: Filings fell during slump as litigation took center stage

Patent filings took a hit during the recession but local law firms expect a comeback by next year

Not Everyone on Board Pringle Train; Chile Sees Oakley

OC INSIDER Column by Rick Reiff

Sears Deal Brings Forever 21 to Upscale South Coast Plaza

RETAIL: Fashion chain to take 43,000 square feet as its own

Los Angeles-based Forever 21 will be opening a shop inside Sears at South Coast Plaza

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Sullivan Rejoins Business Journal, Takes on Managing Editor Duties

MEDIA: Veteran journalist back after running own publication

Jerry Sullivan has rejoined the business journal as managing editor

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Montage Stirs Park City; Holecheks Are at it Again

Gastropub’s Gusto; Time for Tandoori Thanksgiving Orders; Update Down at The Cellar

Summer House in Corona del Mar recently opened, taking the former space of El Ranchito, in the Executive Dining column

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Toshiba Teams With Best Buy on Computer for Kids

Blizzard Cofounder Adham Turns Up With Hedge Fund; $5 Million in Funding for Predixion

Toshiba’s laptop division is coming out with a laptop specifically designed for kids, in the Technology column

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Ritz Camera Reopens Irvine Store with Digital Focus

Surveys See 2%-3% Rise in Holiday Sales; Auto Customizers Take Former Lamborghini Space

Ritz Camera & Image has revamped and reopened its Irvine store following the company’s 2009 bankruptcy, in the Marketplace column

Mitsubishi Marketing Team Debuts Virtual Test Drive

Management Shift at WebVisible; Kim Kardashian Wears L*Space Swimsuit in Tourism Ad

Cypress’ Mitsubishi Motors North America is offering a virtual test drive of one of its autos as part of a marketing campaign, in the Media and Marketing column

Koll, Conexant Cooperate on Newport Beach Plans

Tenant Improvements Paved Way for Modular Wind Energy’s Lease in Huntington Beach

Koll Co. and Conexant Systems have teamed up to get land they own in Irvine approved for housing, in the Real Estate column

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NEWS OF THE WEEK

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

KUDOS

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

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Report: Hospital Purchasing Groups More Expensive

Progress on New Use for Ista’s Bepreve; UCI Event Looks at Potential of Wireless Healthcare

A medical device trade group headed by Masimo Chief Executive Joe Kiani is taking aim at hospital buying groups, in the Healthcare column

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Off the Street

Advisers, Wealthy Investors Stay Cautious, Despite Signs of Wall Street’s Comeback

Investors still are playing it safe, despite Wall Street’s recent comeback.

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Stock Shops

As Crash Mentality Continues To Hold Sway, Charles Schwab, Others Look for Gains Here

A look at top local financial advisers and their strategies for capturing more market share in OC.

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Athlete Advisers

Surfers, Baseball, Hockey, Football Players are Unique Market, Challenge for Money Managers

Local money managers discuss the unique challenges of working with professional athletes in Southern California.

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New Economist

Sidhu Takes Over for Jack Kyser at Southland Economic Forecaster.

A Q&A with Nancy Sidhu, the new chief economist for the Los Angeles County Economic Development Corp.

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REAL ESTATE DEALS

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

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Fisker Hiring for Karma, Other Cars

AUTO: Luxury hybrid set for ’11; pair of models in works; IPO?

Irvine’s Fisker Automotive plans to up its workforce in preparation for the release of its hybrid luxury sedan

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Wells Fargo Leads Rebound in Financial Advisers

FINANCE: Company adds 57 reps, despite cutting elsewhere

ABOUT THE LIST: The number of financial advisers in the county has gone up slightly in the past year. Includes the 2010 OC FINANCIAL ADVISERS List for download (pdf)

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Friday, October 15

Analyst Downgrades QLogic on Slowing Demand From Server Makers

Shares of Aliso Viejo-based QLogic Corp. were off slightly Friday after an analyst said the networking electronics maker faces slowing demand for its products from server makers.

Western Digital Shares Surge on Possible Private Equity Buy of Rival Seagate

Shares of Lake Forest-based Western Digital Corp. surged Friday, a day after key rival Seagate Techology PLC said it had received interest in a buyout offer to take the company private.

GM Recalls Chevy Impalas on Seat Belt Issue

General Motors Co. is recalling 322,409 model year 2009 and 2010 Chevrolet Impala sedans because front seat belts may not be properly anchored, the automaker and federal regulators said.

Sinochem Abandons Plan to Bid For PotashCorp

China's Sinochem Group will not launch a counterbid for Canadian fertilizer giant Potash Corp. sources told Reuters, removing one of the biggest potential hurdles to BHP Billiton's $39 billion offer.

Google Trumps Wall Street Targets

Google Inc. eased fears that big spending would erode margins as its results blew past Wall Street's targets, and the Web search leader revealed for the first time the strength of its fledgling mobile and online display ad businesses.

Medtronic Gets Trial Approval for Heart Valve Being Developed in Irvine

Medtronic Inc., the Minnesota medical device maker that’s developing a new type of heart valve in Irvine, has gotten the regulatory go ahead for a key trial of the device.

Thursday, October 14

Stocks Waver After Jobs, Inflation Reports

Stocks are wavering after unemployment claims rose and inflation remains relatively tame.

Yahoo Shares Surge on Prospect of Buyout

Shares of Yahoo Inc. jumped more than 9%, fueled by the prospect that the Internet company could be the target of a buyout by private equity firms, possibly in conjunction with another media company like AOL Inc. or News Corp.

Singapore Move Hits Dollar, India Intervenes

Singapore widened the trading band for its currency in response to increasing market volatility and India intervened to temper a rising rupee as foreign exchange tensions persisted ahead of a key G20 meeting.

Western Digital Strikes Deal To Produce Drives in Brazil; Stock Up on Seagate News

Lake Forest-based Western Digital Corp., the top maker of disk drives for computers and consumer electronics, has struck a deal to produce its products in Brazil.

Corinthian Slumps After University of Phoenix Pulls 2011 Guidance Under Regulatory Threat

Shares of Santa Ana-based for-profit school operator Corinthian Colleges Inc. slumped Thursday, a day after a key rival withdrew its 2011 financial forecast and warned of a big drop in students as new federal regulations for the industry unfold.

Wednesday, October 13

Nursery Operator Hines Files for Bankruptcy, as Expected

Irvine-based Consolidated Horticulture Group LLC, which operates Hines Horticulture Inc., has made an expected filing for bankruptcy protection.

JPMorgan Profit Jumps on Lower Loan Losses

JPMorgan Chase & Co. posted a 23% increase in quarterly profit as a stabilizing labor market helped ease losses on consumer loans.

Apple Shares Top $300 a Share For First Time

Apple Inc.'s shares topped $300 for the first time as stellar iPad sales and a planned expansion into China continued to give investors high hopes for the iPhone maker's already healthy prospects.

StanChart to Raise $5.3 billion in Rights Offer

Asia-focused bank Standard Chartered launched a $5.3 billion rights issue to bolster its finances for new capital rules and provide the firepower to take advantage of growth opportunities, it said.

Kaiser Aluminum Paying $90M for Plane Parts Maker

Foothill Ranch-based aluminum products maker Kaiser Aluminum Corp. is paying $90 million for an Arizona maker of parts for planes.

Broadcom Paying $316M for 4G Chipmaker

Irvine-based chipmaker Broadcom Corp. is paying $316 million to buy a Santa Clara maker of chips for the next generation of mobile phones.

Tuesday, October 12

BJ’s Restaurants Downgraded, But Not for Lack of Growth Prospects

Huntington Beach-based BJ’s Restaurants Inc. is expected to continue doing better than most restaurant operators, just not on Wall Street, an analyst said Tuesday.

Shares of Netlist Jump as Memory Products Maker Lands Patent

Shares of Irvine-based computer memory products maker Netlist Inc. jumped Tuesday on word the company was granted a patent.

Pfizer to Buy King Pharma For $3.6 billion In Cash

Pfizer Inc., the world's largest drugmaker, has agreed to buy King Pharmaceuticals Inc. for $3.6 billion in a move to shore up earnings ahead of the looming evaporation of revenue from Lipitor, its biggest product.

Greece Raises $1.6B In Oversubscribed Debt Sale

Greece raised $1.63 billion in a sale of 26-week treasury bills that was both oversubscribed and saw a drop in borrowing costs.

Google to Invest In Offshore Wind Power Project

Google Inc. is investing in an extensive network of deepwater transmission lines worth billions for future wind farms off the East Coast, the company said.

Corinthian Colleges President Resigns, Shares Fall

Santa Ana-based Corinthian Colleges Inc., which faces the prospect of renewed federal regulation and persistant Wall Street skepticism, saw its shares fall Tuesday after its president announced his intention to resign this month.

Monday, October 11

China's CNOOC Tests U.S. With Chesapeake Shale Deal

China's top offshore oil producer, CNOOC Ltd, agreed to pay $1.1 billion for a stake in a U.S. shale oil and gas field, testing the U.S. political climate for the first time since its 2005 failed bid for Unocal.

Bain Capital To Take Gymboree Private For $1.8 Billion

Gymboree Corp. said it is selling itself to buyout firm Bain Capital Partners for $1.8 billion, confirming reports last week that the children's apparel retailer was up for sale to private equity buyers.

Microsoft Launches New Phones, Available November 8

Microsoft Corp. unveiled a new line of phones running its Windows software, as it attempts to pull back market share from Apple Inc.'s iPhone and Google Inc.'s Android system in the fast-growing market for multi-featured "smartphones."

Broadcom Up on Analyst Comments

Shares of Irvine-based Broadcom Corp. opened higher after an analyst said it's a good time to buy the stock as the chipmaker makes gains in smartphones and other areas.

Sunday, October 10

CEO: Medical Device Maker Set for Profits

HEALTHCARE: New leader brings flair, focus on turnaround

Italian businessman Federico Pignatelli takes a permanent post at Irvine’s Biolase

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Fed’s Unused Tool

VIEWPOINT

Real estate investor John Saunders argues that giving bank regulators more leeway could help the economy, in Viewpoint

UCLA’s Anderson School Examines Private Approach

EDUCATION: Plan for donors to offset funds shift to undergrads

UCLA’s graduate business program is considering a plan to forego state funding and asking donors to make up the difference

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School Overseers

Brandman Board of Regents Reflects Military Roots, Chapman Ties

A look at the board of regents for Brandman University

Downturn Helps Drive Enrollment Up at Local Schools

LOCAL COLLEGES: Gains come despite higher tuition rates

Admissions at local universities are up even as public schools deal with major budget cuts

Local MBA Enrollment Falls as Downturn Drags On

GRAD SCHOOLS: Earlier gains erode amid shaky jobs picture

Local MBA programs see a drop in enrollment as the economic recovery drags on. Includes the 2010 OC MBA SCHOOLS Directory for download (pdf)

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Re-Education

For-Profit Schools Start Implementing Changes Ahead of Federal Rules; Enrollment Still Up

For-profit university operators saw an increase in enrollment during the first stages of the recession but lately are seeing numbers drop in the face of government scrutiny

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Mazzo Visits Beijing, Pushes Agenda for Trade Group

UCI Researcher Gets Grant to Study Staph Infections; Cortex Takes Back Ampakine Compound

James Mazzo visited China on behalf of medical device trade group Advamed, in the Healthcare column

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REVIEW - Peter Pan

J.M. Barrie’s “Peter Pan,” Orange County Performing Arts Center, until Nov. 21

A review of Peter Pan, now playing at the performing arts center in Costa Mesa

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REAL ESTATE DEALS

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

REAL ESTATE WATCH: WEST ORANGE COUNTY

West County: Warehouse Tight, Bargains Elsewhere

The West County industrial market is seeing stable rents but vacancies are still on the rise, in Real Estate Watch.

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SunCal Charges Stalling, Manipulation in Lehman Case

Western National Makes First Irvine Buy, Pays Estimated $50 Million for Charter Apartments

Many of SunCal’s local developments are tangled up in the bankruptcy case of former financier Lehman Brothers, in the Real Estate column

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Wunderman Won’t Seek Renewal on Toshiba Account

Ignite Health Joins Forces With N.Y. Branding Shop; MKM Lands Water, Beer, Skateboards

Toshiba’s laptop unit in Irvine is putting its advertising account up for review with incumbent ad shop Wunderman bowing out, in the Media and Marketing column

Billing Software Maker Data Impact Raises $5 Million

Messaging Software Maker Raises $410,000; Blizzard Founders Honored with Cultural Award

Billing software maker Data Impact raised $5 million in an initial round of funding, in the Technology column

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Corona Mattress Maker Adds 90 Workers, Expands Factory

MANUFACTURING: 30 hired so far, rest due by next year

Anatomic Global is expanding its operations in Corona after seeing growth in sales for its foam mattress products

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Owner To Divvy Up, Sell Brea Industrial Campus

REAL ESTATE: Cohen could see quick profit after July buy

A Los Angeles real estate investor is looking to sell some industrial buildings it recently bought in Brea

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Microsemi Adds Another in $430M Deal

TECHNOLOGY: Acquisition of Actel biggest deal so far

Microsemi in Irvine has announced its third buy in a month, Mountain View-based Actel Corp.

AROUND THE COUNTY

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

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NEWS OF THE WEEK

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

Autoheim

The Orange County Auto Show

The Orange County Auto Show in Anaheim showcased models that are creating a buzz

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Del Mar Learns From Costa Mesa; Cash for Dems

OC INSIDER Column by Rick Reiff

Brothers’ Vision: Less Glare, More Brand Leverage

FASHION: Athletes, actor give Kaenon a marketing boost

Newport Beach glasses maker Kaenon Polarized is making a splash

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Asian Baby Products Chain Mounts Push

RETAIL: Piyo Piyo first targets ethnic areas, has wider ambitions

Baby products retailer America Tung Ling is making a big push with five new Piyo Piyo stores expected by year’s end

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Pizza Chain Plans Makeover

RESTAURANTS: Zpizza looks to redo some 100 eateries

Irvine’s health-conscious zpizza is planning a makeover of its nearly 100 restaurants

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4G Guy

Irvine Exec at Fore of Sprint Push

Irvine executive Matt Carter is heading up Sprint’s 4G push throughout the country

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Friday, October 8

Nursery Operator Hines Laying Off in Oregon; Second Bankruptcy Stint?

Irvine-based Hines Horticulture Inc., a seller of plants and shrubs through home improvement stores, is laying off about 100 people in Oregon and said it could seek a second round in bankruptcy court.

Economy Loses 95K Jobs Due to Government Layoffs

A wave of government layoffs in September outpaced weak hiring in the private sector, pushing down the nation's payrolls by a net total of 95,000 jobs.

BofA Halts Foreclosures In All 50 States

Bank of America Corp. is halting foreclosures and sales of foreclosed properties in all 50 U.S. states pending a review of its internal processes, the bank said.

Sanofi-Aventis to Lay Off 1,700 US Employees

Sanofi-Aventis SA, the world's fourth-biggest drugmaker, says it is eliminating 1,700 jobs in its U.S. pharmaceutical business.

Analyst Upgrades QLogic

An analyst upped his rating on Aliso Viejo-based QLogic Corp., a day after the networking electronics maker upped its outlook for the recently ended quarter.

Thursday, October 7

Swimsuit Maker Manhattan Beachwear Makes Acquisition

Cypress-based swimsuit maker Manhattan Beachwear LLC has acquired a Los Angeles counterpart after being bought itself by a private equity firm earlier this year.

Irvine's Blizzard Tallies 12M Subscribers of "Warcraft" Game

Irvine-based Blizzard Entertainment Inc., the top maker of online video games, said Thursday it now counts 12 million players of its “World of Warcraft” game.

Chipmaker Mindspeed Nets $5M in Patent Sale

Newport Beach chipmaker Mindspeed Technologies Inc. said on Thursday it sold $5.3 million more worth of patents.

Jobless Claims Near Three-Month Low

New claims for unemployment benefits fell to a near three-month low last week, pointing to some improvement in the troubled labor market.

IMF, World Bank Try to Ease Currency Tensions

World leaders must defuse currency tensions before they worsen to avoid repeating the mistakes of the Great Depression, the head of the World Bank said.

Mortgage Rates at Record Lows

Mortgage rates reached new record lows in the last week as economic data raised the appeal of safe-haven government debt, according to a survey released by Freddie Mac, the second-largest U.S. mortgage finance company.

QLogic Ups Profit Forecast, Sees Sales at High End of Expectations

Aliso Viejo-based networking electronics maker QLogic Corp. upped its profit forecast for the recently ended quarter.

Wet Seal Sept. Sales Decline Less Than Expected, Profit Seen at High End

Foothill Ranch-based mall retailer Wet Seal Inc. reported a less than expected decline in September sales and said it sees quarterly profits coming in at the high end of its forecast.

Wednesday, October 6

IMF Revises U.S. Growth Down, Jobs Picture Bleak

U.S. economic growth will be much weaker this year and in 2011 than previously thought and that dims hopes for bringing down a very high unemployment rate anytime soon, the International Monetary Fund said.

GE Inks $4.6 Billion in Deals in Big Return to M&A

General Electric Co. made a pair of major acquisitions and said it was spurned in a third attempt, as the largest U.S. conglomerate builds up its energy and finance arms.

Johnson & Johnson Buying Crucell For $2.41 Billion

Johnson & Johnson said it is buying Crucell N.V. for $2.41 billion in a move that will boost the American health care company's vaccine business.

Business Software Maker Epicor Ups Q3 Outlook

Epicor Software Corp. said Wednesday it sees third-quarter results coming in higher than expected.

Tuesday, October 5

BOJ Reverts to Zero Rates, Pledges to Buy More Assets

The Bank of Japan pledged to pump more funds into the struggling economy and keep rates virtually at zero, surprising markets and stealing a march on the Federal Reserve in providing a fresh dose of economic stimulus.

Service Sector Picks Up in Sept

The pace of growth in the non-manufacturing sector accelerated more quickly than economists had expected last month and hiring increased, according to an industry report.

Ex-trader Kerviel Sentenced to 3 Years in Jail

Former Societe Generale trader Jerome Kerviel was sentenced to three years in jail by a Paris court for his role in a trading scandal and ordered to pay the French bank $6.8 billion.

Clean Energy Signs Deal for Stations at Truck Stops

Seal Beach-based Clean Energy Fuels Corp., which runs natural gas fueling stations for fleets of taxis, buses and other vehicles, has struck a deal to build and run fueling sites at truck stops.

Monday, October 4

First American Slumps on 'Robo-Signer' Foreclosures

Shares of Santa Ana-based title insurer First American Financial Corp. slumped for a second day on Monday amid investor concerns about inaccurate foreclosure filings by lenders.

Microsemi Jumps on Latest Buy, Snags Actel for $430M

Shares of Irvine-based Microsemi Corp., a maker of chips for military, aerospace and industrial uses, jumped Monday as investors gave a thumbs-up to its $430 million buy of Mountain View’s Actel Corp.

WebVisible Names CEO, Cuts Jobs

Irvine-based WebVisible Inc., which helps businesses buy and target online ads, announced an executive restructuring as a NetZero Inc. cofounder takes the top spot on the heels of job cuts.

Sanofi Launches hostile $18.5 Billion Bid For Genzyme

Sanofi-Aventis launched a hostile bid for Genzyme at $69 per share, taking its $18.5 billion offer direct to shareholders after the biotech's management refused to negotiate.

Housing Shows Stability But Factory Orders Fall

Pending sales of previously owned homes rose to a four-month high in August, implying the housing market was regaining some stability after recent steep declines following the end of a home-buyer tax credit.

Sara Lee Shares Up On Report of KKR Offer

Sara Lee Corp. shares jumped after The New York Post reported that the foodmaker received an unsolicited offer from private equity firm KKR Co. and aroused the interest of Anglo-Dutch conglomerate Unilever.

Register, Other Freedom Sites Take Over Mobile Operations

Startup Luxury Magazine Bask Enlists Editor; Disney Push Includes Visitor Videos, Pictures

Freedom Communications ended a two-year deal with Verve Wireless and has taken over its mobile content operation, in the Media and Marketing column

Gala Honors Recycling Entrepreneur Art Kazarian

EVENTS

Scenes from business, social, charity and other events

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REAL ESTATE WATCH: MID-COUNTIES MARKET

Mid-Counties Market Reflects Signs of Economic Recovery

The Mid-Counties market has seen an improvement in sales and leases this year, in Real Estate Watch.

Burnham Grabs 110,000 Square Feet of Retail Space

Anaheim Consultant Renews Lease, Pares Space; Faris Lee Opens Phoenix, Las Vegas Offices

Burnham USA Equities added two OC retail buildings to its portfolio, in the Real Estate column

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Boutique Daisy Shoppe Spans Two Malls, Generations

Dealers Hope Boat Shows Stirs Yacht Sales; Inflatable Boat Maker Elco Moves to Newport

A look at Daisy Shoppe Boutique, which has called the Shops at Mission Viejo home for two decades, in the Marketplace column

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Valeant Deal Wraps Up, But Not Before Parting Shots

Allergan Seeks Broader Use of Lap-Band Obesity Device, Sees Eye Implant Use Expanded

Valeant’s sale to Canada’s Biovail is a done deal, in the Healthcare column.

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Blizzard Sites Rank High as Online Game Sales Reign

Iteris Makes Lane-Departure Warning System Sale; Broadcom Foundation Hosts Science Fair

For the first time more computer games were sold online than in stores, in the Technology column

Sunday, October 3

NEWS OF THE WEEK

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

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Comarco Inc.

Fastest Growing Public Companies - No. 2 : Lake Forest-based Comarco Inc. charged up its revenue growth last year when it struck a deal with another local company.

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Local.com Corp.

Fastest Growing Public Companies - No. 3: Local.com Corp., which runs a search engine for finding local businesses, has had an eventful year.

Acacia Research Corp.

Fastest Growing Public Companies - No. 4: Newport Beach’s Acacia Research Corp. has grown as it’s moved from serving small customers to big ones in the past few years.

Spectrum Group International Inc.

Fastest Growing Public Companies - No. 5: Record gold prices helped sales surge at Spectrum Group International Inc., which debuted at No. 5 on the Business Journal’s 2010 list of the fastest-growing public companies.

Identive Group Inc.

Fastest Growing Public Companies - No. 6: Santa Ana’s Identive Group Inc. has grown on the heels of the government’s push to beef up security at its buildings after the 2001 terrorist attacks.

Ista Pharmaceuticals Inc.

Fastest Growing Public Companies - No. 7: A new drug to treat itchy eyes and growth in others have boosted Ista Pharmaceuticals Inc.

Clarient Inc.

Fastest Growing Public Companies - No. 9: A growing number of medical tests and services have paid off for Clarient Inc.

Endologix Inc.

Fastest Growing Public Companies - No. 8: Endologix Inc.’s devices that stop ballooning blood vessels are spurring growth, albeit at a somewhat slower pace.

Corinthian Colleges Inc.

Fastest Growing Public Companies - No. 10: Santa Ana-based Corinthian Colleges Inc. was at the head of the class until the proposed federal regulation threw it back a grade.

Peregrine Pharmaceuticals Inc.

Fastest Growing Public Companies - No. 1: Tustin-based Peregrine Pharmaceuticals Inc. has grown with contract manufacturing and government business as it works on developing drugs for fighting viral diseases and cancer.

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THE LIST - Fastest Growing Public Companies

Includes the 2010 OC FASTEST GROWING PUBLIC COS List for download (pdf)

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Midsize Ambitions

Kia Looks To Follow in Hyundai’s Footsteps with Sedan

Kia Motors America is hoping to follow in its corporate sibling Hyundai’s footsteps with its revamped Optima sedan

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GIVING

Fundraisers and charitable donations from companies and people

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Booze Battle: Young’s Backs Washington Liquor Initiative

POLITICS: Distributor gives $1.1M to end state liquor sales

Young’s Market in Tustin is funding an initiative in Washington state that could end state sales of liquor there.

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Reader Letters

Lawsuits Retort

Letter to the Editor: The continuing problem of "shakedown" lawsuits in CA

Courting Royalties

Uniloc Sues Big Names; 3 Years Left on Patent

Irvine’s Uniloc has sued some big names for alleged infringement of its anti-piracy software.

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What’s the Fuss? OC Fair Doing Fine; ‘Koll’s Way’

OC INSIDER Column by Rick Reiff

Aerospace Company Sells for $1.7B; Third Time in 5 Years

MANUFACTURING: Buy of McKechnie among biggest

Irvine’s McKechnie Aerospace Holdings is being bought by Cleveland’s TransDigm Group for $1.7 billion

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Bond Fund Manager Consolidates in L.A.

FINANCE: Parent Macquarie closes Huntington Beach office

Bond fund manager Macquarie Allegiance Capital has moved its office from Huntington Beach to Los Angeles

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Investor Bixby Land Acquires Bay Area Plant

REAL ESTATE: Full building goes for $15M, big-name tenant

Irvine’s Bixby Land Co. made a big purchase in Northern California

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Growing Chip Startup Symwave Eyes Buyout

TECHNOLOGY: Chips link drives, other devices to PCs

Symwave in Laguna Niguel expects to be bought in coming months

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Valve’s Sales in Europe Spur Edwards Optimism

Edwards Lifesciences’ Sapien heart valve has a promising future, if its European sales are any indication.

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Taco Bell HQ for Sale: Return of Office Flip?

REAL ESTATE: Seller bought last year, expected to see profit

An Irvine building that houses Taco Bell’s headquarters is up for sale.

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Tempered Economic Outlook Holds Sway for Q4

ECONOMY: Execs remain upbeat overall

The tempered optimism of the third quarter held for executives and their outlook for the fourth quarter.

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Friday, October 1

Automakers See September Gains

Fountain Valley-based Hyundai Motor America and Irvine’s Kia Motors America Inc. bucked August declines in sales to lead local automakers with big gains in September.

Buena Park Cleaning Products Maker Expanding in Arkansas

A Buena Park maker of laundry detergent, fabric softener, bleach and other chemicals plans to spend $40 million to expand operations in Arkansas.

Manufacturing Growth Slows in September

The pace of growth in the manufacturing sector slowed in September, an industry report showed, and employment in the sector also declined.

New HP CEO Fails To Rouse Investors

Hewlett-Packard Co.'s new chief executive Leo Apotheker suggested software would be a focus under his leadership, but he failed to gain investor confidence.

United, Continental Complete Combination

United and Continental closed the deal that will create the world's biggest airline, ending Delta's brief hold on the top spot.

Sunstone Hotel Q3 Preview: Slower Growth

San Clemente-based hotel owner Sunstone Hotel Investors Inc. said it expects a key measure of performance to rise slightly for the third quarter.