Stories for November 2012

Friday, November 30

Power Balance Out of Sacramento Arena

Power Balance LLC’s multi-year title sponsorship with the Sacramento Kings, which included stadium naming rights, has ended less than two years into the deal.

Register Parent Sells Colorado Springs Gazette

Irvine-based Freedom Communications Inc. has sold the Colorado Springs Gazette to Denver-based Clarity Media Group, owned by Denver billionaire Philip Anschutz.

Midday Stock Roundup

The S&P 500 fell 0.13% to 1,414 in midday trading Friday.

Heart Valve Maker CardiAQ Raises $37 Million

Irvine-based startup CardiAQ Valve Technologies Inc. said today that it has received $37.3 million in a second round of financing.

Ingram Acquires Maryland Distributor

Santa Ana-based Ingram Micro Inc. is set to acquire Promark Technology Inc., gaining a bigger presence in the corporate storage market and public sector.

ClearLight Gets $300M for New Fund

Newport Beach-based private equity firm ClearLight Partners LLC has raised $300 million for its third fund, according to a document filed with the Securities and Exchange Commission.

PacSun Shares Slump on Q4 Guidance

Shares of Anaheim-based Pacific Sunwear of California Inc. slumped in midday trading Friday, a day after the action sports retailer provided disappointing guidance for the January quarter.

Fisker Stops Production of Karma

A low battery supply has prompted Anaheim-based luxury hybrid automaker Fisker Automotive Inc. to temporarily stop production of its Karma sedan.

Thursday, November 29

Mazzo Formally Denies SEC Charges, Asks for Jury Trial

James V. Mazzo, who is retiring as president of Abbott Medical Optics Inc. at the end of the year, has formally denied insider trading charges by the Securities and Exchange Commission and asked for a jury trial in a court filing.

Heart Valve Maker CardiAQ Raises $37 Million

TECH STARTUP: Irvine-based startup CardiAQ Valve Technologies Inc. said today that it has received $37.3 million in a second round of financing.

Midday Stock Roundup

FINANCE: The S&P 500 rose 0.50% to 1,417 in midday trading Thursday.

DeCinces Faces Criminal Charges on Advanced Medical Trading

LAW: Former major league baseball player Doug DeCinces was one of four persons indicted Wednesday on criminal charges stemming from accusations of insider trading related to Santa Ana-based Advanced Medical Optics Inc.’s sale to Abbott Laboratories in 2009.

Quiksilver Makes Sales Team Changes

APPAREL: Huntington Beach-based action sports apparel maker and retailer Quiksilver Inc. reportedly has revamped its executive sales team.

PacSun Shares Slump on Q4 Guidance

Shares of Anaheim-based Pacific Sunwear of California Inc. slumped in midday trading Friday, a day after the action sports retailer provided disappointing guidance for the January quarter.

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Wet Seal November Sales Beat Estimates

RETAIL: Foothill Ranch-based teen and contemporary retailer Wet Seal Inc. reported better-than-expected same-store sales for the four weeks through Nov. 24.

JWA October Traffic Rises

TRANSPORTATION: Passenger traffic at John Wayne Airport jumped 6.9% in October from a year ago to 776,658.

Chapman Forecast Sees 1.8% Jobs Gain for 2013

ECONOMY: Orange County’s economy will continue to add jobs next year and increase total employment here by 1.8% despite signs of headwinds, according to a forecast from Chapman University’s Argyros School of Business and Economics in Orange.

Wednesday, November 28

DeCinces Faces Criminal Charges on Advanced Medical Trading

Former major league baseball player Doug DeCinces was one of four persons indicted Wednesday on criminal charges stemming from accusations of insider trading related to Santa Ana-based Advanced Medical Optics Inc.’s sale to Abbott Laboratories in 2009.

JWA October Traffic Rises

TRANSPORTATION: Passenger traffic at John Wayne Airport jumped 6.9% in October from a year ago to 776,658.

Chapman Forecast Sees 1.8% Jobs Gain for 2013

Orange County’s economy will continue to add jobs next year and increase total employment here by 1.8% despite signs of headwinds, according to a forecast from Chapman University’s Argyros School of Business and Economics in Orange.

T3 Secures $4.3M in Debt Financing

Costa Mesa-based electric vehicle maker T3 Motion Inc. has secured $4.3 million in debt financing from unnamed private investors.

Midday Stock Roundup

The S&P 500 rose 0.38% to 1,404 in midday trading Wednesday.

MemorialCare Getting into the Health Plan Business

Fountain Valley-based hospital operator MemorialCare Health System said Tuesday it would buy certain assets of Universal Care—a Signal Hill-based HMO—with the intent of forming its own health plan dubbed Seaside Health Plan.

Group Plans Boycott of Newport Harbor Christmas Boat Parade

A group opposed to a proposal to raise rents on residential dock space in Newport Harbor said it is prepared to boycott next month’s 104th annual Christmas Boat Parade there.

Fisker Names Interim Chief Commercial Officer

Anaheim-based luxury hybrid automaker Fisker Automotive Inc. named a former marketing executive at General Motors Co. and Hyundai Motor America Inc. interim chief commercial officer.

Tuesday, November 27

Group Plans Boycott of Newport Harbor Christmas Boat Parade

A group opposed to a proposal to raise rents on residential dock space in Newport Harbor said it is prepared to boycott next month’s 104th annual Christmas Boat Parade there.

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MemorialCare Getting into the Health Plan Business

Fountain Valley-based hospital operator MemorialCare Health System said today it would buy certain assets of Universal Care—a Signal Hill-based HMO—with the intent of forming its own health plan dubbed Seaside Health Plan.

Midday Stock Roundup

The S&P 500 fell 0.05% to 1,406 in midday trading Tuesday.

Nike Surfwear Shifts to Hurley

Nike Inc. has plans to put all of its surfwear operations under its Costa Mesa-based Hurley International LLC unit.

4 Convictions in Buena Park Surgery Center Fraud Case

Four employees of a shuttered outpatient surgery center in Buena Park were convicted Monday in Orange County Superior Court in a $154 million medical fraud case that prosecutors called the largest of its kind in the U.S.

Monday, November 26

Midday Stock Roundup

The S&P 500 was off 0.42% to 1,403 in midday trading Monday.

KKR Buys Majority Stake in Alliant Insurance

Newport Beach-based Alliant Insurance Services Inc. has agreed to be acquired by New York-based investment firm Kohlberg Kravis Roberts & Co. LP on undisclosed terms.

Deal for Urban Decay Estimated at $350M

French cosmetics group L’Oreal SA has agreed to acquire Newport Beach-based Urban Decay Cosmetics LLC on undisclosed terms.

U.S. Recalls Ceradyne Armor Plates

Thousands of body armors made by Ceradyne Inc. have been recalled after the U.S. Special Operations Command discovered what it called a manufacturing defect.

Wave of New Tenants at SoCo

New lease deals and store openings continue for the South Coast Collection shopping center in Costa Mesa.

Saturday, November 24

Airport’s Industrial Segment Marks Stagnant Q3

REAL ESTATE WATCH: AIRPORT AREA/CENTRAL COAST

Airport’s industrial segment marks stagnant third quarter. Includes Real Estate Watch industry performance charts.

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Jobs Generators

Handful of OC Cities Rate High

Some OC cities are among a small crop nationwide with a job base about equal to their populations

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Biggest Employers Manage 1% Gain

ECONOMY: Uptick lags countywide increase this year

ABOUT THE LIST: OC’s biggest employers grew their collective work force by 1% in the last 12 months. Includes the 2012 OC's LARGEST EMPLOYERS list for download (pdf)

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Irvine’s Industrious Streak

Ahead of Steel City, Motown on Mix of High-Tech Manufacturers

Three cities rank for industrial jobs, with Irvine well ahead of the traditional centers for steel and automobiles in the U.S

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Irvine Company Buys Platinum Triangle Land for Apartments

REAL ESTATE: 6.2-acre site across from Angel Stadium

Irvine Company has bought an industrial property in the Platinum Triangle, where the real estate developer plans to build a new apartment complex.

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Irvine Co. to Add Houses to Cypress Village

REAL ESTATE: Innovations include shared driveways

Irvine Co. to break ground early next year on for-sale homes in North Irvine

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By the Numbers - LAGUNA NIGUEL BUSINESSES

There are approximately 1,400 businesses in Laguna Niguel.

REAL ESTATE DEALS - November 26, 2012

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

Manufacturer of Thermal Products Warms to Fullerton

CGR Leases 91,116 SF in Move From Placentia

Manufacturer B/E Aerospace Inc. is moving a local operating division from Placentia to Fullerton, in Real Estate

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Hyundai Sympathy Cards Tweak Performance Rivals

Says Track Results Show Genesis Beat Chevy, Others

Hyundai tops competitors in track test, offers condolences, in Media and Marketing

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Device Makers Hope Pen Proves Mightier Than Tax

Urge Senators in Letter to Repeal Looming Levy

Several medical device makers are urging Senate leaders to repeal a looming new federal tax, in Healthcare

Local Splash Tops 4 OC Tech Companies on Fast 500

Growth rate of 3,034% Puts It at No. 46 on List

Local Splash tops four OC companies on Deloitte’s Fast 500, in Technology

CALENDAR - Nov. 27-Dec. 5, 2012

A listing of events happening all around Orange County.

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ADDENDUM - November 26, 2012

Other news items of interest from the Orange County Business Journal

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Dana Point Gala Raises $750,000 for Miracles for Kids

Everett Hosts, Leonard Adds Some Auction Punch

PHILANTHROPY Column by Sherri Cruz

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Specific Media Seeks Myspace Money

Irvine-based digital media agency Specific Media LLC plans to raise $50 million to take on Spotify and Pandora in the digital-music business.

AirTran to Boost Cabo Service

AirTran Airways will double its service from John Wayne Airport to the Mexican resort of Cabo San Lucas during the peak summer season next year.

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Billabong’s U.S. Boss Eyes Buyout

Paul Naude, Australia-based Billabong International Ltd.’s Americas president, wants to purchase the action-sports apparel company.

Register’s Owner Puts Freedom HQ in Irvine Up for Sale

MEDIA: Seeks $5.2 million for 2 buildings; execs shift to Santa Ana

Freedom Communications Inc. has moved its corporate executives into the daily newspaper’s offices in Santa Ana and put its one-time headquarters and another building in Irvine up for sale.

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Quantum Leaps to Boosted Production of CNG Tanks

TECHNOLOGY: Will double manufacturing space at new HQ

Quantum Fuel Systems Technologies Worldwide finally may have found its niche

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Allergan Skin-Care Buy Holds Potential for Bundling

HEALTHCARE: Deal comes ahead of expected Merz entry

Allergan skin-care buy holds potential for competitive edge

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Mortgage Lender Out to Double Staff in ’13

Wholesale mortgage lender ClearVision Funding nearly doubles office space in Santa Ana

Portico Heart Valve Approved for Use in Europe

HEALTHCARE: Gives Sapien, CoreValve market competition

Irvine-based Edwards Lifesciences Corp. and Medtronic Inc. have some new competition in the overseas market for less-invasive heart valves.

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Augie’s Athletics; Frank Flies Felines; Anteaters Double Up on Big Men

OC INSIDER Column by Jerry Sullivan

Local Holiday Sales Outlook Looks Bright

RETAIL: Store remodels, new tenants point to momentum at malls

OC malls are poised to benefit from a bright national outlook for holiday sales this year

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Friday, November 23

KKR Buys Majority Stake in Alliant Insurance

Newport Beach-based Alliant Insurance Services Inc. has agreed to be acquired by New York-based investment firm Kohlberg Kravis Roberts & Co. LP on undisclosed terms.

Stock Roundup

The S&P 500 closed up 1.21% to 1,408 on Friday.

Specific Media Seeks $50M for Myspace Push

Irvine-based digital media agency Specific Media LLC, which acquired Myspace last year, plans to raise $50 million to take on Spotify and Pandora in the digital music business.

Wednesday, November 21

Specific Media Seeks $50M for Myspace Push

Irvine-based digital media agency Specific Media LLC, which acquired Myspace last year, plans to raise $50 million to take on Spotify and Pandora in the digital music business.

Midday Stock Roundup

The S&P 500 rose 0.13% to 1,390 in midday trading Wednesday.

Tilly’s Shares Plunge on Lowered Guidance

Shares of Irvine-based Tilly’s Inc. slumped Wednesday, a day after the action sports retailer lowered its guidance for the full-year ending in January.

JWA to See More Cabo Service in Summer

AirTran Airways will double its service from John Wayne Airport to the Mexican resort of Cabo San Lucas during the peak summer season next year.

Tuesday, November 20

Tilly’s Shares Plunge on Lowered Guidance

Shares of Irvine-based Tilly’s Inc. slumped in after-hours trading Tuesday after the action sports retailer lowered its guidance for the full-year ending in January.

Midday Stock Roundup

The S&P 500 fell 0.01% to 1,387 in midday trading Tuesday, while the Dow Jones Industrial Average was off 0.08% to 12,786.

Mimi’s Parent Looking into Possible Sale

The parent of Irvine-based Mimi’s Café confirmed that it is looking into a possible sale of the casual dining chain amid a prolonged sales slump for the French-inspired restaurant concept.

FirmGreen CEO to Ex-Im Bank Advisory Committee

Steve Wilburn, chief executive of Newport Beach-based renewable energy provider FirmGreen Inc., has been appointed to the advisory committee of the Export-Import Bank of the United States.

CalWest Swings to Loss in Q3

Rancho Santa Margarita-based CalWest Bancorp reported a loss of $757,000 for the third quarter, compared with net income of $300,000 a year earlier. The latest loss was driven primarily by provisions for a single loan.

SearchCore Q3 Profits Up

Newport Beach-based Internet marketing company SearchCore Inc. posted a 38% increase in third-quarter profit to $1.2 million.

Monday, November 19

Mimi’s Parent Looking into Possible Sale

The parent of Irvine-based Mimi’s Café confirmed that it is looking into a possible sale of the casual dining chain amid a prolonged sales slump for the French-inspired restaurant concept.

SearchCore Q3 Profits Up

Newport Beach-based Internet marketing company SearchCore Inc. posted a 38% increase in third-quarter profit to $1.2 million.

Midday Stock Roundup

The Nasdaq was up 1.72% to 2,902 in midday trading Tuesday, while the Dow Jones Industrial Average rose 1.3% to 12,752.

Billabong’s U.S. Boss Eyes Parent Company Buyout

Paul Naude, Australia-based Billabong International Ltd.’s Americas president, is looking into purchasing the action-sports apparel company.

UCLA Business School Honors Pyott

David Pyott, chief executive of Irvine-based drug maker Allergan Inc., is the 2012 winner of the executive leader of the year award from the UCLA Anderson School of Management’s IS Associates.

Anaheim Bird-Seed Company in Recall

Anaheim-based Magnolia Bird Farm Inc. has announced a voluntary recall of some of its products that might carry salmonella risks.

Saturday, November 17

Boston Firm Gets Buena Park Insurer

Private equity firm Abry Partners acquires majority stake in Buena Park-based insurance broker Confie Seguros

Report: Innovative Devices Might Slip Price Squeeze

OC-Spawned Defibrillator, Heart Valve Singled Out

Report: innovative devices might escape price squeeze, in Healthcare

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CALENDAR - Nov. 19-28, 2012

A listing of events happening all around Orange County.

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Retail Market Activity Up, Lease Rates Down

RETAIL SPACE

Recent retail sales were energized by a strong back-to-school shopping season in the third quarter...

Industrial Market Treads Water in Q3

INDUSTRIAL SPACE

Activity in the Orange County industrial market slowed in the third quarter, with approximately 2.1 million square feet of gross activity.

Office Market Improves at Slower Pace

OFICE SPACE

The Orange County office market continues to show resiliency even as economic uncertainty remains.

Wal-Mart Marches Into Retail Breach

Chain takes vacated big-box sites for superstores, markets

Fitness centers helped pump up shopping centers across Orange County during the past year, taking over empty space left behind by shuttered big-box retailers including Mervyns and Circuit City.

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Dreams Arise

1M SF in Completions, Groundbreakings Aplenty Likely in ’13

More dreams of development should translate into groundbreakings next year

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ADDENDUM - November 19, 2012

Other news items of interest from the Orange County Business Journal

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Bren on Watson: ‘A Brilliant, Permanent Impression’

Ray Watson, Irvine Company’s original architect and planner, was remembered before a gathering of about 250 people at the University of California, Irvine, on Nov. 11.

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Stakeholder Explains Push for Applied IPO

HEALTHCARE: Says its own fund investors need liquidity

The investor driving plans for an initial public offering by Applied Medical Resources Corp.’s stock has laid out its thinking.

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Watson Farewell Lineup: Bren, Eisner, Cool Whip; Elder Nguyen’s Vision

OC INSIDER Column by Jerry Sullivan

Tax Fears, Consolidation Trend Make Santa Ana Security Firm Busy Buyer

SERVICES: 5 deals done, several more expected before year’s end

Universal Services of America has been busy with acquisitions lately

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UK Defense Contractor to Consolidate Division at New HQ in Irvine

REAL ESTATE: Workers to shift from South County, New Hampshire

Meggitt PLC is relocating its sensing and monitoring systems operations to new divisional headquarters in Irvine

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Nailed It!

Nguyen Siblings Make Good on Parents’ Vision

FAMILY OWNED BUSINESS AWARDS - Nguyen siblings make good on parents’ vision

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Second Generation Paves Way Forward for Ben’s Asphalt Inc.

Personality Differences Positive for Skeffingtons

FAMILY OWNED BUSINESS AWARDS - Second generation paves way forward for Ben’s Asphalt Inc.

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Disasters, Everyday Cleanups Drive Growth for ATI

Orange-based ATI busy on East Coast in wake of Sandy

FAMILY OWNED BUSINESS AWARDS - American Technologies Inc. springs into action when natural disasters strike, a business model that has it busy on the East Coast in the wake of Hurricane Sandy.

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Father-Son Team Wraps $11M Balboa Sale in 6 Weeks

Multigenerational Home Has 80 Feet of Waterfront

Father-son team wraps up $11 million Balboa sale in six weeks, in Luxury Homes

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Hendrick Boards Goes From Sick Dog to Hot Sales

“Cause-Based” Business Tied to Nonprofit Network

FAMILY OWNED BUSINESS AWARDS - Anaheim-based Hendrick Boards started about a year-and-a-half ago with a rescue dog named William and $250.

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Device Deal Points to OC Premium

HEALTHCARE: Boston Scientific gets Vessix on heels of Cameron buy

Boston Scientific Corp.’s latest acquisition in Orange County came with a premium price that bolsters the local market’s reputation as a center of innovation for the medical-device industry.

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Apple of Oakley’s Eye

How Baden Aims to Broaden Market for “Wicked Cool Stuff”

Self-described mad scientists in the bunker-like headquarters of Foothill Ranch-based Oakley Inc. have spent the past 10 years developing a product lineup that Chief Executive Colin Baden calls “wicked cool stuff.”

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Wife’s Belief, Energy Proves to be Blue Print for Success

PRINTING: Reprographics business marks record year

FAMILY OWNED BUSINESS AWARDS - Wife’s belief, energy proves to be blue print for success

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OC Chipmakers Extend Streak With 3% Jobs Gain

TECHNOLOGY: Demand for mobile trumps sluggish economy

The largest chipmakers based in Orange County saw local employment rise at a 3% clip in the last 12 months. Includes the 2012 OC's LARGEST CHIPMAKERS list for download (pdf)

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By the Numbers - OC Retail Tenants

Retail properties in Orange County have about 18,800 tenants. Includes analysis, charts and figures.

By the Numbers - Laguna Hills Businesses

There are more than 1,700 businesses in Laguna Hills. Includes analysis, charts and figures.

REAL ESTATE DEALS - November 19, 2012

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

Business Park’s Condo Sales Up Under New Owners

Took Over 28 Unsold Units in 11-Building Property

Business park’s condo sales are up under new owners, in Real Estate

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Will Blizzard Change Pace on Releases in China?

Swarm’s Move to March Could Give Next Indicator

Will Blizzard change pace on releases in China?, in Technology

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Toshiba America to Give Away $226,000 in Products

Issues Call for Entries by Nonprofits for 2nd Year

Toshiba America to give away $226,000 in products, in Media and Marketing

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Friday, November 16

UCLA Business School Honors Pyott

David Pyott, chief executive of Irvine-based drug maker Allergan Inc., is the 2012 winner of the executive leader of the year award from the UCLA Anderson School of Management’s IS Associates.

Midday Stock Roundup

The Nasdaq rose 0.55% to 2,852 in midday trading Friday, while the Dow Jones Industrial Average was up 0.25% to 12,574.

Allergan in $350M Deal for Skin-Care Business

Irvine-based drug maker Allergan Inc. said today that it is buying the skin care business of SkinMedica Inc. for $350 million.

OC Adds 13,500 Jobs for 7.2% Jobless Rate

Orange County’s jobless rate dipped to 7.2% in October from 8.5% a year earlier but was up from a revised figure for September of 7.1%, according to the state Employment Development Dept.

Ingram Micro Taps New North American President

Ingram Micro Inc. Chief Executive Alain Monié has tapped company veteran Paul Bay to lead its largest operating division.

Wet Seal Q3 Mixed

Foothill Ranch-based Wet Seal Inc. reported a higher-than-expected loss but beat revenue expectations for the third quarter, as the chain stuck with its fast-fashion merchandising strategy in a bid for a turnaround.

Higher Costs Behind $23.1M Loss for Ceradyne

Costa Mesa-based Ceradyne Inc. reported a $23.1 million third-quarter loss amid higher operating costs.

Thursday, November 15

Ingram Micro Taps New North American President

Ingram Micro Inc. Chief Executive Alain Monié has tapped company veteran Paul Bay to lead its largest operating division.

Wet Seal Q3 Mixed

Foothill Ranch-based Wet Seal Inc. reported a higher-than-expected loss but beat revenue expectations for the third quarter, as the chain stuck with its fast-fashion merchandising strategy in a bid for a turnaround.

Higher Costs Behind $23.1M Loss for Ceradyne

Costa Mesa-based Ceradyne Inc. reported a $23.1 million third-quarter loss amid higher operating costs.

Midday Stock Roundup

The Nasdaq was off 0.42% to 2,835 in midday trading Thursday, while the Dow Jones Industrial Average was down 0.30% to 12,534.

Fisker Plans Tech Center for Atlantic Model

Anaheim-based luxury hybrid automaker Fisker Automotive Inc. is scouting locations in the Midwest to set up a technical center for the roll-out of its second model the Fisker Atlantic.

OC Family Eyes Olive Oil Business in Paso Robles

The family that owns Costa Mesa-based printing equipment and software maker Troy Group Inc. has acquired Pasolivo, an olive oil company and ranch in Paso Robles, where it plans to develop a new line of products and vacation rentals.

CSUF Gets Grant for Female Faculty Recruitment

California State University, Fullerton, has received $95,740 from the National Science Foundation in an initial batch of funding to help boost the recruitment and retention of female faculty in science, technology, engineering and mathematics.

OC Surfwear Brands Up for SIMA Awards

Orange County-based brands claimed a big share of the nominations for the Aliso Viejo-based Surf Industry Manufacturers Association’s annual SIMA Image Awards.

Wednesday, November 14

CSUF Gets Grant for Female Faculty Recruitment

California State University, Fullerton, has received $95,740 from the National Science Foundation in an initial batch of funding to help boost the recruitment and retention of female faculty in science, technology, engineering and mathematics.

Midday Stock Roundup

The Nasdaq was off 0.35% to 3,874 in midday trading Wednesday, while the Dow Jones Industrial Average was down 0.55% to 12,689.

Appeals Court Affirms Edwards Lifesciences Patent Verdict

Irvine-based Edwards Lifesciences Corp. said Tuesday that a federal appeals court affirmed an earlier finding that rival Medtronic Inc. infringed on an Edwards patent for less-invasive heart valves.

Grosses Give $20M to Cedars-Sinai

Sue and Bill Gross have given $20 million to the Cedars-Sinai Medical Center in Los Angeles.

Former Disney Exec to Brand Affinity’s Board

Irvine-based social media company Brand Affinity Technologies announced that Al Weiss, former president of worldwide operations for Burbank-based Walt Disney Parks and Resorts, has been appointed to its board of directors.

Tuesday, November 13

Appeals Court Affirms Edwards Lifesciences Patent Verdict

Irvine-based Edwards Lifesciences Corp. said today that a federal appeals court affirmed an earlier finding that rival Medtronic Inc. infringed on an Edwards patent for less-invasive heart valves.

Midday Stock Roundup

The Nasdaq was down 0.14% to 2,900 in midday trading Tuesday, while the Dow Jones Industrial Average was up 0.24% to 12,846.

Clean Energy Shares Up on GE Deal

Shares of Clean Energy Fuels Corp. jumped Tuesday after the Seal Beach-based company announced a deal to buy two natural gas production plants and related technology from General Electric Co. with financing from the seller.

Vans to Sell Action Sports Gear Brand

Cypress-based Vans Inc. announced the sale of action sports protective gear brand Pro-tec.

Interjet to Expand Fleet by 40

Mexico City-based Interjet said it will add 40 planes to its fleet as part of the low-cost airline’s plan to expand service in the U.S.

Monday, November 12

Vans to Sell Action Sports Gear Brand

Cypress-based Vans Inc. announced the sale of action sports protective gear brand Pro-tec.

Midday Stock Roundup

The Nasdaq was down 0.18% to 2,900 in midday trading Monday, while the Dow Jones Industrial Average was off 0.17% to 12,794.

Disneyland Resort Drives Attendance Hike

The Disneyland Resort’s two Anaheim gates drove gains in attendance at Burbank-based Walt Disney Co.’s domestic theme parks for the quarter ended Sept. 29.

Saturday, November 10

Alliance Moves Into Advocacy Breach

New Group Is Formed to Sustain Awards, Seminars

New technology trade group established in OC, in Technology

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Sandy’s Long Reach

OC Companies From Allergan to Zumasys Feel Effects

Several Orange County companies are facing millions of dollars in losses as they survey equipment and office damage, construction costs, lost sales and destroyed products in the wake of Hurricane Sandy

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CALENDAR - Nov. 13-21, 2012

A listing of events happening all around Orange County.

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Allergan Says Hair-Loss Drug Analysis Coming in Q1

Allergan says hair-loss drug analysis coming in Q1, in Healthcare

OC Credit Unions Post 6% Assets Climb to $15.43B

Annual Surge Biggest in 4 Years But Less Than Prerecession

SPECIAL REPORT: OC-based credit unions remained in growth mode during a 12-month span through June. Includes the 2012 OC-BASED CREDIT UNIONS list for download (pdf)

OC Banks’ Assets Rise by 4%; Hiring Surges 28%

Industry’s Gains Less Sizable Than Year-Earlier Increases

SPECIAL REPORT: Orange County banks’ assets rise by 4%; hiring surges 28%. Includes the 2012 OC's LARGEST COMMERCIAL BANKS list for download (pdf)

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Q&A: BANKING

Have economic conditions influenced the bank’s marketing initiatives or has the bank’s marketing strategy remained relatively consistent in recent years?

SPECIAL REPORT: Q&A: Bank executives address marketing

Banks Get a Breather

Toughest Workouts Done, Smaller Troubles Linger

SPECIAL REPORT: Banks get a breather

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March of Dimes Cooks Up $206,000 at Chefs Auction

Culinary Demos, Tastings Highlight Annual Event

PHILANTHROPY Column by Sherri Cruz

Universal Services Buys L.A. Partner

Santa Ana-based Universal Services of America, which provides security and janitorial services, has acquired L.A.-based RJWestmore Inc.

Boston Scientific in $125M Deal for Laguna Company

Massachusetts-based Boston Scientific Corp. will acquire Laguna Hills-based Vessix Vascular Inc.

Anaheim Hotels Lead Strong September

Orange County’s hotel industry saw a strong September, with Anaheim leading the way.

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Golden State Acquires KanPak China

Irvine-based food processor and distributor Golden State Foods Corp. has acquired KanPak China

Five Honored at Family Owned Business Event

COMMUNITY: Honorees at the 13th Annual Orange County Business Journal Family Owned Business Awards ranged from a beauty college to an asphalt company, with a reprographics firm, disaster recovery service and skateboard maker in the mix.

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Home Healthcare Workers Go Into Action After Storm

HEALTHCARE: Apria gets oxygen to those without power

Apria Healthcare Group Inc. is helping victims of Sandy breathe easier

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Emulex Subsidiary in China Taps into Regional Expansion

TECHNOLOGY: Opens offices in Beijing, Shanghai

Emulex Corp. has launched its first subsidiary in China

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Laguna Hills Device Maker Raises $20M in China, Seeks OK

HEALTHCARE: Lonestar’s gel implant aims for heart disease

LoneStar Heart Inc. is taking a shot at treating advanced heart failure

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Sharp Gets 32,500 SF in Lakeside Tower

REAL ESTATE: Offices moving from HB

Tokyo-based consumer-electronics company Sharp Electronics Corp. has inked a 32,500-square-foot lease for office space in Santa Ana’s Lakeside Tower

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Hyundai, Kia Start Campaigns on Mileage Claims

AUTOS: Reimbursements, explanation on faulty estimates

The two largest automakers based in Orange County have some explaining to do on their gas-mileage claims

Irvine Attracts Another Eye-Care Company

HEALTHCARE: Dutch-owned company makes lens implants

Mark another entry in Orange County’s growing roster of eye-care companies

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Boeing Cuts Bring Change to OC Exec Lineup, Real Estate

MANUFACTURING: Sale of two buildings in regional consolidation

Boeing Co.’s plan to slash $1.6 billion in expenses by 2015 has prompted the Chicago-based defense contractor to sell off property in Orange County.

SF Investor to Put Platinum Triangle Parcels Up for Sale

REAL ESTATE: Approvals in place for 400 units near Angel Stadium

BRE Properties plans to put nearly 7.5 acres in Anaheim’s Platinum Triangle on the market for sale

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Hike on Healthcare Premiums Projected at 6.5% for Next Year

HEALTHCARE: 6.2% boost in OC for 2012 lowest in six years

Employers in Orange County are expected to pay 6.5% more next year toward providing health insurance for their workers

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Mitsubishi Taps Tokyo for Top Exec

AUTOS: New chairman amid questions about future in U.S.

Cypress-based Mitsubishi Motors North America Inc. has brought an executive from its parent company in Japan to oversee operations of the brand as it seeks to get a new grip on the market here.

Comics-Inspired Cars Fuel Anti-Hunger Campaign

Superhero-Themed Vehicles to Debut Over 10 Months

Comics-inspired cars fuel anti-hunger campaign, in Media and Marketing

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Irvine Crafts Maker Seeks Growth With Shift to Toys

MARKETING: Mega Brands debuts two new lines at Target

Irvine-based Mega Brands America seeks growth with shift to toys

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ADDENDUM - November 12, 2012

Other news items of interest from the Orange County Business Journal

By the Numbers - Fountain Valley Businesses

There are about 1,700 businesses in Fountain Valley. Includes analysis, charts and figures.

REAL ESTATE DEALS - November 12, 2012

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

High-Rise Office Vacancies, Rental Rates Decline

REAL ESTATE WATCH: HIGH-RISE OFFICE MARKET

High-rise office vacancies and rental rates decline

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Kilroy Was Here? Also Might Sell OC Office Properties

Disclosure Follows Word of Looming Industrial Sales

Sale of Kilroy’s OC industrial portfolio might not be only local disposition in works for the company, in Real Estate

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Friday, November 9

Disneyland Resort Drives Attendance Hike

The Disneyland Resort’s two Anaheim gates drove gains in attendance at Burbank-based Walt Disney Co.’s domestic theme parks for the quarter ended Sept. 29.

Midday Stock Roundup

The Nasdaq rose 0.91% to 2,922 in midday trading Friday, while the Dow Jones Industrial Average was up 0.38% to 12,860.

Boston Scientific in $125M Deal for Laguna Hills Company

Laguna Hills-based Vessix Vascular Inc. will be acquired by Boston Scientific Corp. for $125 million in cash, with additional payments of up to $300 million possible based on future milestones.

Asics Sales, Profit Jump in First Half

Irvine-based athletic shoe and apparel brand Asics America Corp. saw revenue and profit rise in the first six months, with double-digit sales gains in all of the company’s product categories.

PacTrust Q3 Profits Up

Irvine-based First PacTrust Bancorp Inc. reported a 14-fold increase in profit in the third quarter, when the company had $9.2 million in net income. That compares with $644,000 a year ago.

Autobytel Profit Up in Q3

Online automotive marketer Autobytel Inc. of Irvine posted a 24% increase in third-quarter profit to $551,000 on Thursday amid improving conditions in the car industry.

SEC Charges Electronic Game Card Execs with Fraud

The Securities and Exchange Commission claims that executives of a defunct electronic game card company based in Irvine repeatedly lied to investors about the company’s operations and financial condition.

Thursday, November 8

Autobytel Profit Up in Q3

Online automotive marketer Autobytel Inc. of Irvine posted a 24% increase in third-quarter profit to $551,000 on Thursday amid improving conditions in the car industry.

SEC Charges Electronic Game Card Execs with Fraud

The Securities and Exchange Commission claims that executives of a defunct electronic game card company based in Irvine repeatedly lied to investors about the company’s operations and financial condition.

Boston Scientific in $125M Deal for Laguna Hills Company

Laguna Hills-based Vessix Vascular Inc. will be acquired by Boston Scientific Corp. for $125 million in cash, with additional payments of up to $300 million possible based on future milestones.

Midday Stock Roundup

The Nasdaq was down 0.72% to 2,916 in midday trading Thursday, while the Dow Jones Industrial Average was off 0.40% to 12,881.

Boeing to Trim in Seal Beach, Sell 2 Buildings

Chicago-based Boeing Co. will sell off two of several buildings it has in Seal Beach as part of a restructuring that aims to slash $1.6 billion in expenses by 2015, including reductions in its executive ranks.

Anaheim Tops Strong September for OC Hotels

Orange County’s hotel industry saw a strong September, with Anaheim leading the way.

PacMerc Profits Up in Q3

Costa Mesa-based Pacific Mercantile Bancorp quadrupled its profit in the third quarter from a year earlier to $3.4 million, primarily driven by large gains in mortgage banking revenue.

Ensign Slips on Mixed Q3

Mission Viejo-based nursing home operator Ensign Group Inc. on Wednesday reported third-quarter results that beat expectations on profit and missed on revenue.

STEC Shares Plunge After Downgrades

Shares of Santa Ana-based disk drive maker STEC Inc. plunged Wednesday after analyst downgrades that came amid a bearish trading session on Wall Street.

Awards for 5 Family Owned Businesses

Honorees at the 13th Annual Orange County Business Journal Family Owned Business Awards ranged from a beauty college to an asphalt company, with a reprographics firm, disaster recovery service and skateboard maker in the mix.

Wednesday, November 7

Ensign Slips on Mixed Q3

Mission Viejo-based nursing home operator Ensign Group Inc. today reported third-quarter results that beat expectations on profit and missed on revenue.

Awards for 5 Family Owned Businesses

Honorees at the 13th Annual Orange County Business Journal Family Owned Business Awards ranged from a beauty college to an asphalt company, with a reprographics firm, disaster recovery service and skateboard maker in the mix.

STEC Shares Plunge After Downgrades

Shares of Santa Ana-based disk drive maker STEC Inc. plunged Wednesday after analyst downgrades that came amid a bearish trading session on Wall Street.

Midday Stock Roundup

The Nasdaq was down 2.26% to 2,944 in midday trading Wednesday, while the Dow Jones Industrial Average was off 2.09% to 12,968.

Golden State Foods Gets China Operation

Irvine-based food processor and distributor Golden State Foods Corp. has acquired KanPak China, a manufacturing company that serves the quick-service restaurant industry in Asia.

New CFO for PacTrust

Irvine-based First PacTrust Bancorp Inc. has named three new executives for the company and its subsidiary PacTrust Bank.

Tuesday, November 6

New CFO for PacTrust

Irvine-based First PacTrust Bancorp Inc. has named three new executives for the company and its subsidiary PacTrust Bank.

Midday Stock Roundup

The Nasdaq was up 0.59% to 3,017 in midday trading Tuesday, while the Dow Jones Industrial Average rose 1.13% to 13,261.

Mitsubishi Motors Names Chairman

The parent of Cypress-based Mitsubishi Motors North America Inc. is bringing one of its executives from Japan to oversee North American operations.

American Suzuki to End Car Sales in U.S.

Brea-based American Suzuki Motor Corp. plans to file for Chapter 11 bankruptcy, with plans to eventually halt sales of its vehicles in the U.S., the company said Monday.

Clean Energy Shares Up on Q3 Improvements

Shares of Clean Energy Fuels Corp. continued to climb Tuesday, a day after the Seal Beach-based company reported third quarter revenue that beat Wall Street expectations amid greater adoption of commercial truck fleets using natural gas.

Skilled Healthcare Down on Lower Forecast

Shares of Foothill Ranch-based Skilled Healthcare Group Inc. were down about 6% in midday trading today after it lowered its full-year forecast and posted mixed third-quarter results.

Universal Services Buys LA Firm

Santa Ana-based Universal Services of America has acquired RJWestmore Inc. in Los Angeles.

Monday, November 5

American Suzuki to End Car Sales in U.S.

Brea-based American Suzuki Motor Corp. plans to file for Chapter 11 bankruptcy, with plans to eventually halt sales of its vehicles in the U.S., the company said Monday.

Mitsubishi Motors Names Chairman

The parent of Cypress-based Mitsubishi Motors North America Inc. is bringing one of its executives from Japan to oversee North American operations.

Midday Stock Roundup

The Nasdaq was up 0.11% to 2,985 in midday trading Monday, while the Dow Jones Industrial Average was down 0.17% to 13,071.

Kushner Tight-Lipped on Register’s Plans to Buck Industry Trend

New publisher says his metro daily is unique.

Bren No. 71 on Bloomberg’s List of World’s Wealthiest

Irvine Company Chairman Donald Bren is ranked No. 71 on a list of the world’s wealthiest individuals released last week by Bloomberg Markets.

OC Lands Outsized Share of Priciest Zip Codes List

Orange County accounts for 17 of the top 500 U.S. zip codes in terms of median home prices, according to a recent list compiled by Forbes magazine.

Quiksilver Shares Rise on Analyst Upgrade

Shares of Huntington Beach-based Quiksilver Inc. were up about 8% in midday trading Monday.

Tech Coast Angels Up to $12.5M for Year

Irvine-based investor group Tech Coast Angels invested about $1 million in the third quarter, bringing the total amount it's put into start-up companies to $12.5 million so far this year.

Saturday, November 3

Tech Coast Angels Up to $12.5M for Year

Irvine-based investor group Tech Coast Angels invested about $1 million in the third quarter, bringing the total amount it's put into start-up companies to $12.5 million so far this year.

Bren No. 71 on Bloomberg’s List of World’s Wealthiest

Irvine Company Chairman Donald Bren is ranked No. 71 on a list of the world’s wealthiest individuals released today by Bloomberg Markets.

Global Expansion Stokes Growth at Chemical Maker

FINANCE: Also benefits from lifting of EPA’s ban on fertilizer

Global expansion stokes growth at chemical maker

About the Fastest-Growing Public Companies List

About the fastest-growing public companies list. Includes the 2012 OC's FASTEST GROWING PUBLIC COs list for download (pdf)

Microsemi Nears $1 Billion Revenue Target on Buys

TECHNOLOGY: Chipmaker’s acquisitions bolster market holds

Microsemi is on the verge of surpassing its $1B revenue goal following a wave of acquisitions

Going Out of Business Is Good Business for Acme

MEDIA: Sale of remaining stations could close soon

Santa Ana-based TV station owner and operator Acme Communications Inc. has been busy selling off its TV stations and other assets

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Biomerica Up on Surge in Diagnostic Medical Tests

HEALTHCARE: Products for IBS detection form growth area

Biomerica Inc. gets a boost from increased global demand for diagnostic testing

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SearchCore Sees Smokin’ Business to Top Growth List

HEALTHCARE: Offers online services tied to cannabis sales

SPECIAL REPORT: SearchCore Inc.’s business has sprouted dramatically of late

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Seasonal Special: Bluewater’s Stuffed-Lobster Deal

As Eatery Works Toward Sustainability Approvals

Seasonal special: Bluewater’s stuffed-lobster deal, in Executive Dining

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Lido Isle Home on Double Lot Hits $8.4M Asking Price

Buyer Intends to Raze Bayfront Property, Rebuild

Bayfront home sells for $8.4M, about the same as asking price, in Luxury Homes

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ADDENDUM - November 5, 2012

Other news items of interest from the Orange County Business Journal

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Universal Protection Buys Florida Company

Universal Protection buys Florida company

Oakley Introduces Ski Goggles With Data

Oakley Inc. introduces snow goggle that displays information on the inside of lenses

New Manufacturing Plant in Anaheim

Redwood City-based Lunera Lighting is expanding into OC with a new facility in Anaheim

Policano to Step Down as Merage Dean

Andy Policano to step down as UC Irvine business dean

Irvine HQ for Buffett’s Real Estate Brand

Irvine base for Warren Buffett’s real estate brand

BJ’s Goes for Musical Blend on CEO-in-Waiting

RESTAURANTS: Resume counts Guitar Center, House of Blues

BJ’s Restaurants Inc.’s pick for its next leader isn’t a typical restaurant executive

Clean Energy’s Revenue Rise Paves ‘Natural Gas Highway’

ENERGY: Station builder sees 92% revenue spurt in 2-year span

Clean Energy is part of an industry segment that has put some life into a sluggish clean-tech industry

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Newly Public Tilly’s Rides High in Action Sports

APPAREL: Seeks to expand retail chain with discipline

Tilly’s Inc. has been riding a rising revenue wave since going public in the spring

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Kingston Marks Quarter Century With Cash Contest

Online Participants Asked to Design Flash Drive

Kingston marks quarter century with cash contest, in Technology

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Register Boss Tight-Lipped on Plans to Buck Industry Trend

MEDIA: New publisher says his metro daily is unique

Register boss tight-lipped on plans to buck industry trend

Accessories After the Fact

Targus-Sena Deal Puts Tech’s Softer Side in Focus

Windows 8 has the attention of the software world these days.

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By the Numbers - Brea Businesses

There are more than 1,800 businesses in Brea.

REAL ESTATE DEALS - November 5, 2012

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

Low-Rise Office Vacancies Continue to Dry Up

REAL ESTATE WATCH: LOW-RISE OFFICE SPACE

Low-rise office vacancies fall. Includes Real Estate Watch industry performance charts.

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Koll Center Building Listed for Sale at $22.4 Million

68,425-SF Property Sits Across From Pacific Club

Koll Center building listed for sale at $22.4 million, in Real Estate

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CALENDAR - Nov. 6-14, 2012

A listing of events happening all around Orange County.

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Yamaha’s Anniversary Promos Include NAMM Trip

125th Birthday of Parent Spurs Year-Long Campaign

Yamaha’s anniversary promos include NAMM trip, in Media and Marketing

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Questcor Switches to Quarterly Prescription Updates

Move Follows Stock Hits, Scrutiny by Short Sellers

Questcor switches to quarterly prescription updates, in Healthcare

Auto Sales Upswing Drives Autobytel Rebound

TECHNOLOGY: Web marketer sells leads to dealers, banner ads

Auto sales upswing drives Autobytel rebound

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Subprime Back in Style for Auto Lender

FINANCE: Recession’s credit nicks expand customer base

Surging car sales are driving Consumer Portfolio Services’ climb back after a tough few years

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N.B. Firm Gets South Bay Industrial Portfolio

REAL ESTATE: Alere Property adds nine fully leased buildings

Newport Beach-based Alere Property Group gets South Bay industrial portfolio

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Security Specialist Puts R&D in Santa Ana

TECHNOLOGY: Initial project keys on airport check-in lines

Security specialist puts research and development in Santa Ana

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$8 Million Later— It Was Julia’s Stage All Along

OC INSIDER Column by Jerry Sullivan

Public Fastest-Growers Up 27%;

Combine for $85B in Sales, 20,000 Jobs Here

Public fastest-growers up 27%. Includes the 2012 OC's FASTEST GROWING PUBLIC COs list for download (pdf)

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Pyott Plans ‘Welcoming Party’ for Botox Rival

HEALTHCARE: Price competition expected; Lap-Band on sales block

Allergan is preparing for a new competitor that’s expected to hit the market at a lower price than its flagship Botox

Kilroy Near Deal to Sell 3.4M-Square-Foot OC Industrial Portfolio

REAL ESTATE: Sources put LBA in line for big chunk

Kilroy near deal to sell 3.4-million-square-foot OC industrial portfolio

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They Do Windows 8

OC Companies Spark to Microsoft’s Latest—Will Consumers?

Windows 8 could give some OC companies a bump going into the holiday season; expectations tempered by sluggish computer sales

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Friday, November 2

Midday Stock Roundup

The Nasdaq was down 0.48% to 3,005 in midday trading Friday, while the Dow Jones Industrial Average was off 0.49% to 13,167.

Hyundai, Kia to Correct Fuel Economy Ratings

Orange County’s two largest automakers will lower the fuel economy estimates on most of their 2012 and 2013 model-year vehicles.

October Auto Sales Mixed

Hurricane Sandy hit national auto sales for October, which missed analyst expectations.

Knott's Berry Farm to Add Three Rides in 2013

The parent of Knott’s Berry Farm plans to add three rides next summer to the Buena Park amusement park’s Boardwalk area.

TTM Reports Mixed Q3 Results

Shares of circuit board maker TTM Technologies Inc. sank Friday, a day after the Costa Mesa-based company reported mixed third quarter earnings and gave an adjusted profit target below Wall Street expectations.

Retail Roundup: Latest OC Openings

Modern home goods retailer West Elm, part of San Francisco-based Williams-Sonoma Inc., opened Friday at South Coast Plaza.

Sunstone Plans $12M Renovation of Hyatt Regency Newport Beach

Aliso Viejo-based Sunstone Hotel Investors Inc. said on Thursday it plans a $12 million renovation of the Hyatt Regency Newport Beach.

Masimo Misses on Profit, Revenue

Irvine-based medical device maker Masimo Corp. posted a 1% decline in third-quarter net income from a year earlier to $13.8 million.

Lantronix Narrows Q1 Loss

Irvine-based networking equipment maker Lantronix Inc. posted a narrowed fiscal first-quarter loss of $430,000 through September.

Thursday, November 1

Masimo Misses on Profit, Revenue

Irvine-based medical device maker Masimo Corp. posted a 1% decline in third-quarter net income from a year earlier to $13.8 million.

Lantronix Narrows Q1 Loss

Irvine-based networking equipment maker Lantronix Inc. posted a narrowed fiscal first-quarter loss of $430,000 through September.

Sunstone Plans $12M Renovation of Hyatt Regency Newport Beach

Aliso Viejo-based Sunstone Hotel Investors Inc. said on Thursday it plans a $12 million renovation of the Hyatt Regency Newport Beach.

Midday Stock Roundup

The Nasdaq was up 1.24% to 3,014 in midday trading Thursday, while the Dow Jones Industrial Average rose 0.91% to 13,216.

Wet Seal Shares Up on Better-Than-Expected Sales

Foothill Ranch-based Wet Seal Inc.’s shares were up 5% in midday trading Thursday after the teen and contemporary retailer reported better-than- expected October same-store sales.

JWA September Traffic Up Slightly

Passenger traffic at John Wayne Airport edged up 0.9% in September from a year earlier to 707,510.

American Vanguard Sales, Profits Up in Q3

Newport Beach-based American Vanguard Corp. posted record sales for the third quarter, with a 23% year-over-year increase to $90.8 million.

Newport Corp. Shares Up 15% on Q3 Report

Shares of Irvine-based laser maker Newport Corp. were up sharply in early trading today on increased revenue and profit for the third quarter.

Universal Protection Buys Florida Company

Santa Ana-based Universal Protection Service has acquired Plantation, Fla.-based CastleGuard Security on undisclosed terms.