NEWS OF THE WEEKSunday, May 22, 2011
Santa Ana-based CoreLogic Inc. announced plans to sell $400 million worth of 10-year bonds at an interest rate of 7.25%. CoreLogic last year split from Santa Ana-based First American Corp. and provides consumer, financial and property data for real estate, mortgage and other companies. It plans to use the proceeds from the bonds to pay down a $525 million debt load, which includes about $347 million owed on a revolving credit line due in 2016.
Lake Forest-based faucet and fixture maker Price Pfister will change its name to Pfister after more than 100 years as part of a marketing makeover. A new logo for the brand, which is part of New Britain, Conn.-based Stanley Black and Decker Inc., will see the “f” stylized to subtly resemble the shape of a faucet.
An executive shakeup at Nike Inc. has left its Costa Mesa-based Hurley International LLC without a permanent chief executive. Hurley makes clothes inspired by surfing and skateboarding. Nike recently reassigned Hurley Chief Executive Jim Calhoun to the same post at its Converse brand. Calhoun leaves for his new duties in Massachusetts after a month at Hurley. Roger Wyett, who preceded Calhoun at Hurley and went to become Nike’s president of affiliates, will act as interim chief executive at Hurley.
Irvine-based St. John Knits International Inc. signed Academy Award-winning actor Kate Winslet to a promotional deal, saying she “embodies the modern sensibility” of the label. Terms of the one-year deal were not disclosed. Winslet will appear in an ad campaign this fall.
Santa Ana households average 4.4 persons, the most of any city in Orange County, according to the U.S. Census Bureau. Laguna Woods had the lowest average at 1.4 persons per household.
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