Stories for August 2011

Wednesday, August 31

UnitedHealth Group Buying Monarch HealthCare

UnitedHealth Group Inc., a Minnesota-based managed care company with a large operation in Cypress, said Wednesday that it will buy the management arm of Irvine-based Monarch HealthCare, A Medical Group Inc.

Tuesday, August 30

Gross Acknowledges Misstep on Treasuries

Pacific Investment Management Co.’s Bill Gross, manager of the world’s biggest bond fund, has backed away from his earlier strategy of selling off Treasuries.

Monday, August 29

American Vanguard Up on Court Decision

Shares of Newport Beach-based American Vanguard Corp. rose by more than 8% to a market value of about $341 million on a recent court decision that clears it for sales of a fungicide.

CoreLogic Exploring Potential Sale or Merger

Santa Ana-based CoreLogic Inc. said it is forming an independent committee to explore strategic options, including a possible merger or a sale of the data services company.

Sunday, August 28

New Products Help on 12% Gain in Jobs at Drug Makers

No. 1 Allergan leads way; Teva cuts; Avanir sees growth spurt

Drug makers’ job gains in double digit 28. Includes the 2011 OC's LARGEST DRUG MAKERS List for download (pdf)

Tease photo

CoreLogic to FDIC Space in Spectrum

REAL ESTATE: Will take 170,000 square feet; move set for next year

CoreLogic to move HQ to Irvine Spectrum

Tease photo

FDA Approves Botox for Form of Overactive Bladder

Irvine-based drug maker Allergan Inc. said the Food and Drug Administration approved its flagship Botox for treating a form of overactive bladder.

Lost Charts Contemporary Course

Black Sheep Label Looks to Out-Fashion Fast-Fashion

Lost International looks for new way into women’s clothing business

Tease photo

Lyon Cars Fetch $12.5M; Mike Ellzey, Great Park Survivor

OC INSIDER Column by Rick Reiff

Parker Properties Gets Back on Growth Track

REAL ESTATE: Pair at Summit near full, final office eyed there

Parker Properties gets back on growth track

Tease photo

Device Makers Increase Local Employment by 7%

Edwards No.1 for third-straight year; biggest gain at Endologix

Device makers increase local employment by about 7%. Includes the 2011 OC's TOP MEDICAL DEVICE MAKERS list for download (pdf)

Tease photo

O’Neill’s New Appeal: Form & Function

Seeks Share From Nike, Gap in $31B Activewear Market

O’Neill aims for Nike, Gap with women’s workout line

Tease photo

By the Numbers

OC Medical Device Makers

HEALTHCARE - OC Medical Device Makers

Medical Device Makers Rally for Regulatory Program

HEALTHCARE: Call to scrap approval process draws heat

Device makers rally for 510(k) program

Tease photo

MARKET WATCH - August 29, 2011

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

Does Drug Cluster Pass Muster?

Basic Elements in Place; UCI Remains Key

Does drug cluster pass muster?

Tease photo

Ducks Called for Slashing … Prices

SPORTS: Team looks to stem recent losing streak at box office

Anaheim Ducks slashing ticket prices

Tease photo

REAL ESTATE WATCH: HIGH-RISE OFFICE MARKET

High-Rise Segment Leads Positive Streak

Office market gains momentum in Q2

Tease photo

Specific Media Taps Turner Broadcasting Vet for Marketing

MEDIA: Expected to play key role in relaunch of Myspace

Specific Media taps Turner Broadcasting vet for marketing

Tease photo

Register Parent’s Sale Talks With MediaNews Off Again

MEDIA: Companies were back at table after prior break-off

Freedom Communications, MediaNews Group hit another wall in talks

Tease photo

Anchen Pharmaceuticals Set for $410 Million Sale to Par

HEALTHCARE: New Jersey buyer eyes capacity on generics

Anchen sold for $410 million

Ritz Interactive Follows Camera Retailer to Bankruptcy Court

RETAIL: Brick-and-mortar chain’s trouble hits supply; Canon passes

Ritz Interactive Inc. files for bankruptcy protection

Hyundai Donates $1 Million for King Memorial

OC Black Chamber Marks Unveiling at Annual Gala

Philanthropy Column by Sherri Cruz

ADDENDUM

Other items of interest Orange County Business Journal

Vizio Aims to ‘Rule Living Room’ With Ad Campaign

Spots Highlight Awards, 3-D Glasses, Own Rise

Vizio launches new marketing campaign, in Media and Marketing

Tease photo

Slow Back-to-School Sales in Western Dig Downgrade

Competitors Get Same; Tablet Sales Take Toll

Standard & Poor’s downgrades Western Digital, in Technology

Octane, Hoag Foundation Set for Healthcare Forums

FDA Changes, Effects of Healthcare Reform on Tap

Hundreds expected to attend medical device, investor forum, in Healthcare

REAL ESTATE DEALS

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

CALENDAR - August 30-September 7, 2011

A listing of events happening all around Orange County. August 30-September 7, 2011

Tease photo

Lantronix Hires Mindspeed Exec for Top Post

TECHNOLOGY: Move comes after months of turmoil at top

Lantronix hires Mindspeed exec for top post

Another $150M for Clean Energy’s Build-Up

ENERGY: Asian investors add to last month’s Chesapeake deal

Clean Energy Fuels gets another $150M for build-up

Tease photo

MPG’s Stadium Gateway Part of $1.7B Portfolio Sale

Only Local Building in Charter Hall-Beacon Deal

Stadium Gateway in Anaheim on the block, in Real Estate

Tease photo

Friday, August 26

Flynn to Gibson Dunn From Stradling Yocca

The latest hire by Gibson, Dunn & Crutcher LLP’s Irvine office comes from Stradling Yocca Carlson & Rauth in Newport Beach.

Taco Bell Chief Marketing Officer Resigns

Irvine-based Taco Bell Corp.’s head of marketing has resigned.

Thursday, August 25

Clean Energy Secures Another $150M, Shares Up

Seal Beach-based Clean Energy Fuels Corp., a developer and operato of natural-gas fuel stations, has secured $150 million in funding from three Asian investment funds.

Wednesday, August 24

Apple CEO Steve Jobs Resigns, Cook Takes Over

Steve Jobs, the visionary and chief executive of Cupertino-based Apple Inc., has resigned.

Regulators Approve Allergan's Botox for Overactive Bladder

Irvine-based drug maker Allergan Inc. said Wednesday that the Food and Drug Administration approved its flagship Botox for treating a form of overactive bladder.

Drug Maker Anchen Being Bought for $410 Million

Irvine-based drug maker Anchen Pharmaceuticals Inc. is being acquired for $410 million by Par Pharmaceutical Companies Inc.

Tuesday, August 23

Specific Media Hires Turner Broadcasting Vet as Marketing Exec

Irvine-based Specific Media LLC has added another seasoned professional to its executive team as it works to position itself as a digital media company following its acquisition of Myspace.

Pacific Sunwear Shares Fall on Warnings of Profit Shortfall

Shares of Anaheim-based Pacific Sunwear of California Inc. fell in after-hours trading after the mall retailer issued a cautious outlook for the current quarter.

Corinthian Outlook Falls Short, Shares Tumble

Shares of Santa Ana-based Corinthian Colleges Inc. fell after the vocational school operator warned investors of a loss and lower than expected revenue for the current quarter.

Monday, August 22

St. John Knits General Counsel Leaving for Pacific Dental

Irvine-based St. John Knits International Inc. is losing its general counsel to another Orange County company.

Disneyland to Rework Carnation Plaza Gardens Into Fantasy Faire

Disneyland Park plans to rebuild its Carnation Plaza Gardens Stage into a storybook village called Fantasy Faire.

Sale Talks for Register Parent Stall Again

Talks between Irvine-based Freedom Communications Inc. and potential buyer MediaNews Group Inc. of Colorado have hit a wall on financing, according to a recent report.

Sunday, August 21

CALENDAR - August 22-31, 2011

A listing of events happening all around Orange County.

Tease photo

Red Mountain Refinances Major Chunk of Portfolio

Santa Ana-Based Firm Has 3.5 Million SF of Retail

Red Mountain Retail Group refinances portion of its portfolio, in Real Estate

Tease photo

REAL ESTATE DEALS

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

Vizio’s Déjà Vu: Another Field of Bigger Competitors

Company’s Tablet Debuts Amid Price-Cutting Trend

Vizio tablets hit store shelves at $300, in Technology

Tease photo

Sylvia Speaks

EVENTS - Scenes from business, social, charity and other events

LAW - OC native Sylvia Mendez pushes students to go through doors of opportunity

Tease photo

Slowdown Takes Hold on Industrial Market in Q2

Slowdown hits industrial market in Q2

Tease photo

ADDENDUM

Other items of interest Orange County Business Journal

Office Market Keeps Momentum; Airport Area Leads Way

Q2 shows signs of office market approaching stability

Tease photo

Retail Loses Ground on Absorption as Consumers Get Shaky

Retail loses ground on absorption, consumers cautious about spending

Tease photo

Office Gets Rise on Tech Relocations

Big Moves Help as Sector Remains a Renters’ Market

Office market gets rise on tech relocations

Tease photo

No Easy Feat

EZ Lube Aims to Get Over Stumbles, Back to Growth

EZ Lube aims to get over stumbles, back to growth

Tease photo

FlexEnergy in New HQ; Adds Workers, Eyes Defense Work

ENERGY: Lease for 35,000 SF near El Toro; Navy vet in D.C.

FlexEnergy moves to new HQ in Irvine, adds workers

Tease photo

Project Management Firm Shifts HQ to San Diego

CONSTRUCTION: Cumming sees gains as specialist there

Cumming Corp. Shifts HQ to San Diego

Growing Green

Environmentally Friendly Standards Now Cover About 7% of Market

OC’s “green office market” now about 7% of total

Tease photo

Sales Scene: On the Waterfront, Newport Beach-Style

Chinese Battery Magnate Adding OC Connections

Winston Chung in deal for Bayshore house, in Luxury

Tease photo

MARKET WATCH - August 22, 2011

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

Study Says Doctors’ Groups Key to HMO Gains Here

St. Joseph, MemorialCare, Hoag Have Half the Market

Study: Doctors groups key to HMOs’ continued popularity in OC, in Healthcare

Tease photo

Three Dots Takes ‘Made in USA’ Message Nationwide

Campaign Aims to Boost Sales of High-End Basics

Three Dots launches campaign to boost basics, in Media and Marketing

Tease photo

Winston Chung Shops Here

Chinese Magnate Has $200 Million in Business Deals in Works, House in Escrow

Winston Chung has $200M in business deals in works here

Tease photo

Broadcom Vet to ClariPhy as CEO

TECHNOLOGY: Hire, funding round spurred by high-speed chips

Former Broadcom exec tapped to head ClariPhy Inc.

Execs, Advisers Give Look Behind Curtain on Beckman Sale

How Company’s Strength, Reputation Trumped Rough Patch to Fetch Premium

Behind-the-curtain look at the sale of Beckman Coulter

Tease photo

Tale of Two Police Departments; Iraq Mea Culpas

OC INSIDER Column by Rick Reiff

Bixby Puts $40M-Plus Into Silicon Valley Upgrade

REAL ESTATE: Portfolio there now totals 1.2 million SF

Bixby Land Co. spends $40M-plus on buys, renovations

Wells Regroups on Commercial, Adds to Tech Team

FINANCE: New exec for Irvine; hires from First Bank, Mindspeed

Wells Fargo changes up management here, expands tech group

Dendreon Shifts on Seal Beach Plans

HEALTHCARE: Job cuts now seen at new plant as sales lag

Dendreon expected to cut jobs at new plant in Seal Beach

Tease photo

MIG Makes $56 Million Move on San Diego Office Portfolio

REAL ESTATE: Five-building buy brings about 367,000 SF

Merage Investment Group makes largest office purchase ever

Friday, August 19

Billabong USA Part of Bright Spot in Parent’s Annual Results

Sales at Irvine-based Billabong USA continued to improve over the past 12 months as optimism about a companywide recovery for the current year faded, Australian parent Billabong International Ltd. reported Friday.

Unemployment Rises to 9.3% on Seasonal Flux

The county’s unemployment rate rose again in July as seasonal cutbacks in education outpaced job gains in the private sector.

Thursday, August 18

Wet Seal Meets Q2 Expectations on Earnings, Boosts Outlook

Foothill Ranch-based Wet Seal Inc. offered a better-than-expected profit outlook for the current quarter as the company looks to continue improving its merchandise mix at stores.

Wednesday, August 17

Microsemi Takes Hostile Bid for Canadian Chipmaker to Shareholders

Irvine-based chipmaker Microsemi Corp. has formally put in a $548.7 million cash bid to acquire Canadian competitor Zarlink Semiconductor Inc. in a hostile takeover.

Tuesday, August 16

El Pollo Loco Hires COO

Costa Mesa-based El Pollo Loco Inc. has named a new chief operating officer.

Quality Systems Buys Hospital Software Maker

Irvine-based Quality Systems Inc. said Tuesday it has acquired CQI Solutions Inc. of New Braunfels, Texas, for an undisclosed price.

Monday, August 15

Real Mex Sees Q2 Loss as Sales Fall

Cypress-based Mexican restaurant chain operator Real Mex Restaurants Inc. reported a quarterly loss and lower sales from a year ago, declines that come as the company works to restructure its debt.

Sunday, August 14

OC Ballplayers on Screen with Pitt; State Ranked ‘Worst’

OC INSIDER Column by Rick Reiff

ADDENDUM

Other items of interest Orange County Business Journal

Voluspa Lights Up 84,800 SF

Makes High-End Candles Here, Sells to Hollywood, Jet Set

Candle and fragrance maker Voluspa to move headquarters, operations to Irvine

Tease photo

Wild Ride—and Then Some

ECONOMY: Wall Street wasn’t only problem for OC’s billion-dollar club

OC’s “billion-dollar club” worth about $12B less than last month

Tease photo

Rising Prices Point to Sale of St. Regis

Hotels Get Hot

Sources: St. Regis Monarch Beach Resort could see another change in ownership.

Tease photo

Sunstone Strategy Shifts With Market, New CEO

Selective search for buys ongoing; second-tier properties under review

Sunstone strategy shifts with market, new CEO

Heat Reaches Anaheim in Holiday Inn Sale

HOTELS: Upward trend on prices mark deal near Disneyland Resort

Urban Commons buys hotel in Anaheim for about $26.3M

Identive Sees Room for Growth on NFCs

TECHNOLOGY: “Leading” handset maker follows Google

Identive to supply 1 million NFC tags to “leading mobile handset manufacturer”

Tease photo

Latisys Data Center Set to Open With Big Customers Lined Up

TECHNOLOGY: Second Irvine location slated for September debute

Latisys data center set to open with big customers lined up.

Tease photo

REAL ESTATE WATCH: LOW-RISE OFFICE SPACE

Upward Momentum Seen on Low-Rise Offices

Upward momentum on low-rise offices

Wells Fargo Merges OC, L.A. Markets; Myers Steps Down

FINANCE: Los Angeles exec gets top post amid cost cutting

Wells Fargo merges OC, L.A. markets in cost-cutting program

Pyott on Q2 Results: Allergan Blew Them Away

HEALTHCARE: Botox up 16%, full-year outlook revised upward

Allergan sees Botox sales rise to $418M in second quarter

Grubb Unloads Daymark Subsidiary to Exit Tenant-in-Common Business

REAL ESTATE: Joint venture takes troubled unit, 33 million SF

Grubb & Ellis unloads Daymark subsidiary to exit tenant-in-common business

Human Options’ Dove Award to Ueberroths, Family Foundation

Honored for support for domestic abuse victims

PHILANTHROPY Column by Sherri Cruz

Tease photo

REAL ESTATE DEALS

Sales and leases of offices, industrial

CALENDAR - August 15-24, 2011

Calendar of Events, August 15-24, 2011

Tease photo

MARKET WATCH - August 15, 2011

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

Solarflare In On Chicago Board Options Upgrade

Partnership With Santa Clara Firm Lands Another Direct Sale

Solarflare gets contract to embed technology at CBOE, in Technology

Tease photo

$23M to Back Laguna Hills Device Maker’s Catheter

Vessix Gets Second Round; $17.6M for Ellipse in Third

Medical device makers nab nearly $41M in investments, in Healthcare

Popular Bank Rebranding: Business Beyond Hispanics

New Name, Ads Aim for “More Inclusive” Image

Banco Popular’s new brand, in Media and Marketing

Tease photo

SunCal Buys on East Coast, Looks Nationwide for More

Gets 1,920 Acres, Partially Finished Project Near D.C.

SunCal Cos. acquires 1,920-acre project in Virginia, in Real Estate

Tease photo

Do We Have Enough Beds?

Q&A: Hospital Executives on Current Capacity, Future Demand

Does OC have enough beds? Healthcare professionals talk hospital capacity

‘Market Reform’ Takes Hold Ahead of Law’s Full Effect

Hospitals see healthcare plans trimmed, brace for cuts on reimbursements in years ahead

Hospital execs see healthcare reform’s indirect effects

Tease photo

HMOs Combine for Modest Gain in Memberships, Hold Ranks

Kaiser still tops; Cigna Healthcare accounts for biggest gain in past 12 months; 1.26 million total

HMOs combine for modest gain in memberships, hold ranks. Includes the 2011 OC's TOP HMO and PPOs list for download (pdf)

Delta Dental Pulls Whole Field Up to 6% Gain in Enrollments

Plan sees 21% jump in past year, offsets big dip for MetLife for fifth-straight top ranking

Delta Dental pulls whole field up to 6% gain in enrollments. Includes the 2011 OC's TOP DENTAL HMOS/PPOS List for download (pdf)

Del Taco Joins Redesign Trend, Plans Ad Campaign

RESTAURANTS: Chain looks to tell “our food story”

Del Taco logo gets a makeover, restaurant redesign

Tease photo

Friday, August 12

Cox Castle Hires Managing Partner for OC Office

Real estate law firm Cox Castle & Nicholson LLP has hired a new managing partner for its Irvine office, nabbing him from another firm here.

Stantec Appoints OC Resident Chairman

Engineering and environmental consultant Stantec Consulting Services Inc. named a local businessman as chairman.

Wednesday, August 10

Wells Fargo to Merge OC, LA Markets

Wells Fargo & Co. is merging its Los Angeles and Orange County markets as part of a cost-cutting program.

SRS Labs, Vizio Extend Licensing Deal

Santa Ana’s SRS Labs Inc., which makes chips and software that boosts sound in audio devices, has signed a multi-year licensing deal with Irvine’s Vizio Inc., the biggest flat screen seller in North America.

Monday, August 8

S&P's Slight Upgrade "Temporary Respite" for Real Mex

Standard & Poor’s Financial Services LLC raised Real Mex Restaurants Inc.’s rating to CC from D but said the outlook remains negative on lingering concerns about the company’s cash flow.

Sunstone Names CEO, Beats Street on Q2 Earnings

Aliso Viejo-based hotel owner Sunstone Hotel Investors Inc. appointed a new chief executive on Monday.

Sunday, August 7

Pacific Life’s Latest Acquisition Follows Buy-Learn-Grow Pattern

FINANCE: Deal brings insurer JPMorgan Chase pension unit

Pacific Life’s latest buy plays into its longtime strategy on acquisitions

Former Angel Doug DeCinces Charged With Insider Trading

FINANCE: Allegedly made $1.7M Advanced Medical buy

Former baseball star, local Doug DeCinces charged with insider trading

Leader Lives Up to Name; PR Shops Post Jobs Gain

MARKETING: Local shops grapple with social media; chase for talent

Leader Enterprises new top dog in OC’s public relations industry. Includes the 2011 OC's TOP PUBLIC RELATIONS FIRMS list for download (pdf)

Tease photo

Ista Pharmaceuticals’ Shares Plunge

HEALTHCARE: Dry-eye drug Remura misses main goal in study

Ista takes pounding on clinical study setback, disappointing earnings

Spectrum Group Gets 54,000-SF Irvine Office Building

Gold Merchant in $7.3M Deal, Plans Consolidation

Spectrum Group completes $7.3M Irvine office deal, in Real Estate

Daily Deals Site Touts Ties to Local Charities as Trump Card

MEDIA: Good Magazine gives thumbs up in knock on Groupon

DealGooder: trying to change how folks shop—one deal at a time

Tease photo

ADDENDUM

Other items of interest Orange County Business Journal

Beyond Bankruptcy: Buyer Interested in Villa del Lago

$37 Million Estate Now in Hom’s Hands, Near Finish

Word surfaces on prospective buyer on Villa del Lago estate, in Luxury

CALENDAR - August 8-17, 2011

A listing of events happening all around Orange County. August 8-17, 2011

Tease photo

Specific Adds Key Exec Amid Prep for Myspace Push

Piper Jaffray Veteran Joins as Corporate Development VP

Specific adds key exec in prep for Myspace push, in Media and Marketing

MARKET WATCH - August 8, 2011

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

Standard Pacific Says Profits Ahead Despite Share Woes, Housing Jitters

REAL ESTATE: Stock hit on Q2 loss; orders, prices up

Standard Pacific officials: homebuilder on track for growth

Tease photo

JWA Facts

About the Airport

Facts and figures on airport’s soon-to-open terminal

Sale of Balboa Bay Club, Newport Beach CC Expected

REAL ESTATE: Chinese magnate Winston Chung said to be buyer

Balboa Bay Club and Resort, Newport Beach Country Club set for sale

Tease photo

REAL ESTATE WATCH: GREATER LOS ANGELES

Greater L.A. Split: Industrial on Way, Office a Year Out

Increased vacancy rate in Greater L.A. office market. Includes Real Estate Watch industry performance charts.

Hines, Oaktree Join on Irvine Office Buy

REAL ESTATE: Partners get full low-rise in first joint deal here

205,000-SF Alton Corporate Plaza trades hands for more than $30M

Tease photo

Medicare Cuts Drop Hammer; Skilled Off Sales Block

HEALTHCARE: Sun shares sink most; Ensign seen as “survivor”

Medicare payments to nursing homes cut

Iteris Shops for IP After Sale of Vehicle-Sensor Line

Customers Range From Abu Dhabi to OCTA

Iteris sells its vehicle-sensor business, in Technology

St. Joseph Takes Regional Approach With New Boss for Operations Here

HEALTHCARE: Hospital chiefs now report to Montalvo

St. Joseph Health System puts new twist on old job.

‘Hopeful’ on Addition of Mexico Flights by 2013

Customs gate at new terminal; tourist destinations likely first

Talks ongoing for Mexico service at JWA

Oklahoma Billionaire In Cathedral Drama; BK Bragging Rights

OC INSIDER Column by Rick Reiff

STEC Faces Probe Into 2009 Offering

TECHNOLOGY: SEC weighs civil injunction for drive maker

STEC faces probe into 2009 offering.

Tease photo

St. Joseph, Blue Shield to Form ‘Accountable Care’ Team

Initiative Grows From Last Year’s Health Reform Plan

St. Joseph, Blue Shield to form “accountable care organization,” in Healthcare

SELL THAT TIGER

Asics America’s New Brand Division in Push for $1B

Asics turns to Tiger brand in push for $1B in sales by 2015

Tease photo

Newport Beach Office Plan: Not Quite Spec

REAL ESTATE: Sale, prelease keys to airport area project

Buyer wanted for proposed Newport Business Plaza

Tease photo

Behind The OC Brand

TV Got It Started; Tourism Council Takes Over

Co-branding “The OC”

Tease photo

Tech’s Role in Renovation

Tech meets travel

C Stands for Changes at JWA

New terminal to add capacity, convenience, concessions

John Wayne Airport’s new terminal to add capacity, convenience

Tease photo

Agenda Hits the Beach

Apparel Trade Show Grabs Some of Nike US Open’s Action

Agenda hits Huntington Beach, draws thousands

Tease photo

Conventions and Events calendar

A list of conventions, trade shows, consumer shows and events scheduled from Aug. 8 through July 31, 2012

Meeting Planners See Rebound; Air Fare Is Wild Card

Corporate clients boost budgets; hotels tougher on contracts

Meetings, conventions business rebound nicely

Tease photo

REAL ESTATE DEALS

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

Friday, August 5

Sale of Balboa Bay Club, Newport Beach Country Club Expected

The Balboa Bay Club and Resort and the Newport Beach Country Club are set to be sold to a wealthy Chinese investor, according to officials familiar with the transaction.

CoreLogic Shares Tumble on Lowered 2011 Outlook

Shares of Santa Ana-based CoreLogic Inc. were down more than 30% in mid-morning trading on Friday, after the data and analytics company materially lowered its financial outlook for the rest of the year.

Thursday, August 4

Former Angel DeCinces Charged with Insider Trading Over Abbott-AMO Sale

Former California Angels baseball star and local real estate developer Doug DeCinces has been charged with insider trading by the Securities and Exchange Commission, the SEC said on Thursday.

Wet Seal Ups Profit Outlook for Recently Ended Quarter

Foothill Ranch-based Wet Seal Inc. adjusted its profit outlook upwards for the three months through July as monthly sales continue to improve for the mall retailer.

Wednesday, August 3

Blizzard's Sales Up; No New Games This Year

Irvine-based online game maker Blizzard Entertainment Inc. turned in a 14% increase in sales for the second quarter.

170-Acre Rancho Capistrano Property Donated to Saddleback Church

Lake Forest’s Saddleback Church has been given ownership of a 170-acre ranch it had been leasing in San Juan Capistrano.

Allergan Q2 Profit Rises, Bumps Outlook

Irvine-based Allergan Inc. on Wednesday reported a second-quarter profit that beat expectations and raised its full-year outlook.

Tuesday, August 2

Quest Software Results In Line With Lowered Estimates

Aliso Viejo-based Quest Software Inc., a maker of business software, on Tuesday reported second-quarter results in line with estimates that were lowered last month.

Automakers See Smaller Sales Gains in July

Orange County automakers saw sales rise in July, although the overall pace of increases slowed from a year ago.

Monday, August 1

Pacific Life Buys JPMorgan Chase Pension Group

Newport Beach-based Pacific Life Insurance Co. has acquired JPMorgan Chase’s U.S. Pension Advisory Group.

Medicare Issues Hammer Nursing Home Stocks

Investors pounded four Orange County-based public company stocks in Monday trading over planned Medicare cuts for nursing homes and concerns that more are coming.