Stories for April 2013

Tuesday, April 30

Solis Closes 2nd Fund With $61M

Newport Beach-based private equity firm Solis Capital Partners has closed its second fund with $61 million in commitments.

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Allergan Board Member Ryan Passes

Dr. Stephen Ryan, a board member of Irvine-based drug maker Allergan Inc., died Monday after a short illness.

Midday Stock Roundup

The S&P 500 rose 0.19% to 1,596.71 in midday trading Tuesday.

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Leon Panetta Rejoins Corinthian Board

Leon Panetta, the former U.S. secretary of defense and head of the CIA, has been named to the board of directors of Corinthian Colleges Inc. in Santa Ana.

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Yokohama Plans $300M Plant in Mississippi

Fullerton-based tire manufacturer Yokohama Tire Corp. has signed a deal to build a $300 million plant in West Point, Miss., where it will employ about 500 workers and produce about one million tires a year for commercial trucks and buses.

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Monday, April 29

Yokohama Plans $300M Plant in Mississippi

Fullerton-based tire manufacturer Yokohama Tire Corp. has signed a deal to build a $300 million plant in West Point, Miss., where it will employ about 500 workers and produce about one million tires a year for commercial trucks and buses.

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Midday Stock Roundup

The S&P 500 rose 0.72% to 1,593.68 in midday trading Monday.

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Vans Notches Q1 Double-Digit Gains

Cypress-based skate brand Vans Inc. recorded another big quarter for parent VF Corp. of Greensboro, N.C.

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Sanuk Q1 Business Softens, Full-Year Outlook Lowered

A slowdown in international sales offset gains made domestically during the first quarter for Irvine-based Sanuk USA LLC.

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TAKE TWO - April 29, 2013

Editorial Cartoon SFVBJ

TAKE TWO - This week's Editorial Cartoon by Steve Greenberg

Sunday, April 28

Insurance Brokerage Looks to NorCal

INSURANCE: Consolidation in industry opens new channels

Burnham Benefits Insurance Services Inc. is looking north for growth.

Local Solid-State Drive Makers Vie for Top Spot

Emerging Segment Is Fast-Growing, Crowded

Local solid-state drive makers are among top in industry.

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Builder Seeks NB Home Hit, Indirectly; Logan’s Gym Run

OC INSIDER by Mark Mueller

Lyon Communities Makes Its Marke

REAL ESTATE: Apt. Company Taps Santa Ana for Local Growth

The company is well under way with a 300-unit development called The Marke at MacArthur Boulevard and Main Street in the South Coast Metro portion of the city.

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Shopoff Group Considers Major Riverside Project

REAL ESTATE: Commercial, housing pipeline grows

Shopoff Group mulls major Riverside project

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High-End Homes Aimed to Fill Newport Center Void

Meridian Project First in More Than 20 Years

Newport Center is about to get a little more livable

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REAL ESTATE DEALS - April 29, 2013

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

Venture Helps Purchase Farm For Home Development

San Juan Capistrano Site One of Nine US Projects

Local venture helps purchase farm slated for home development, in Real Estate

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STEC Shareholder Meeting Could Bring Some Sparks

Dissident Investors Want Leadership Changes

STEC shareholder meeting could bring some sparks, in Technology

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Growth Picks Up in Inland Empire, Has a Ways to Go

REAL ESTATE WATCH: Inland Empire Deals

Growth picks up in Inland Empire, has a ways to go. Includes Real Estate Watch industry performance charts.

CALENDAR - April 29-May 8, 2013

A listing of events happening all around Orange County.

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Bausch & Lomb Pegs Planned IPO to Market Growth

Cites More Seniors, Middle Class, Own R&D

Bausch & Lomb cites growth as one of the reasons it’s planning an IPO, in Healthcare

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El Pollo Loco Hires PR Agency to Boost Its Profile

Zeno Group to Focus On “Handcrafted” Food

El Pollo Loco hires Santa Monica PR company, in Media and Marketing

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Blizzard Once Again OC’s Biggest Software Employer

Adds 100 Workers, Overtakes IBM, Continues Hiring

Blizzard regains title as OC’s largest software employer. Includes the 2013 OC's LARGEST SOFTWARE COMPANIES list for download (pdf)

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Computer Product Makers Shrank Following Job Gains

Restructurings and Consolidation Continue Longer-Term Cutbacks

The county’s largest computer product makers shed jobs at a modest clip in the past year, reversing two straight years of employment gains. Includes the 2013 OC's LARGEST COMPUTER PRODUCTS COs list for download (pdf)

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Dana Point’s Strand Development Sees Strong Sales

Dozen Ocean-View Homes Move in Four Months

Sales at The Strand at Headlands surged during the first four months of 2013, in Luxury Homes

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ADDENDUM - April 29, 2013

Other news items of interest from the Orange County Business Journal

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Commissioner Sues Pacific Health, its Hospitals

The state’s labor commissioner sued Pacific Health Corp. and its hospitals

John Wayne Airport Traffic Took Off

Southwest Airlines and sister AirTran Airlines led March passenger traffic at John Wayne Airport.

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Fisker Founders Testify in Washington

The founders of Anaheim luxury hybrid automaker Fisker Automotive Inc. testified before a congressional subcommittee last week

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Billabong Sale Talks Extended to May

A 10-day period of exclusive talks to sell the parent of Irvine-based Billabong USA were extended last week into May.

Advertising Agency Looks to Stretch Reach Around Globe

MEDIA: Parent Shake-Up Presents Opportunity

Irvine-based advertising agency Wunderman West is no longer an island

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Harbor’s Product Gets FDA Approval

HEALTHCARE: “Architect” Grew Out of Another Company

Startup Harbor MedTech is aiming to plunge deep into the wound-healing business

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Treading Nimbly

Sole Technology Streamlines to Tap Widening Market

The company is well under way with a 300-unit development called The Marke at MacArthur Boulevard and Main Street in the South Coast Metro portion of the city.

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Edwards’ Sales Dip, Stock Fall Raises Analyst Questions

Some See Competitors Making Inroads, Others No Threat

Wall Street analysts are of a mixed mind on Edwards Lifesciences Corp. after the heart valve maker reported disappointing first-quarter earnings and lowered its 2013 outlook.

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DONE DEALS - March 2013

Major commercial real estate sales in the greater San Fernando Valley region.

By the Numbers - COMPUTER- AND SOFTWARE-RELATED BUSINESSES IN ORANGE COUNTY

There are more than 1,700 computer- and software-related businesses in Orange County. Includes analysis, charts and figures.

Friday, April 26

Sanuk Q1 Business Softens, Full-Year Outlook Lowered

A slowdown in international sales offset gains made domestically during the first quarter for Irvine-based Sanuk USA LLC.

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Vans Notches Q1 Double-Digit Gains

Cypress-based skate brand Vans Inc. recorded another big quarter for parent VF Corp. of Greensboro, N.C.

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Midday Stock Roundup

The S&P 500 fell 0.19% to 1,582.20 in afternoon trading Friday.

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Ingram Posts Mixed Q1 Results, Sales Outlook Above Target

Shares of Santa Ana-based Ingram Micro Inc. fell in afternoon trading Friday, a day after the company reported mixed first-quarter results while providing a current quarter revenue outlook above Wall Street estimates.

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BJ’s Rises on April Quarter Results

Shares of Huntington Beach-based BJ's Restaurants Inc. rose in afternoon trading today on the company's better-than-expected first-quarter earnings.

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Habit Burger Set to Roll Out Second Food Truck

A second food truck from Irvine-based Habit Restaurants LLC is set to roll next month as the company also continues with its plan to open at least 20 new restaurants this year.

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Thursday, April 25

Habit Burger Set to Roll Out Second Food Truck

A second food truck from Irvine-based Habit Restaurants LLC is set to roll next month as the company also continues with its plan to open at least 20 new restaurants this year.

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Ingram Posts Mixed Q1 Results, Sales Outlook Above Target

Santa Ana-based Ingram Micro Inc. on Thursday reported mixed first-quarter results while providing a revenue outlook for the current quarter that’s above Wall Street estimates.

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Midday Stock Roundup

The S&P 500 rose 0.81% to 1,591.55 in afternoon trading Thursday.

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CoreLogic Shares Jump on Strong Q1 Report

CoreLogic Inc. saw a nearly 13% bump in its stock price on Thursday, after the Irvine-based provider of residential property information and analytics reported strong first-quarter earnings.

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Western Digital Shares up on March Earnings Report

Irvine-based disk drive maker Western Digital Corp. on Wednesday reported earnings and revenue for the March quarter that beat Wall Street expectations.

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JWA March Passenger Traffic Rises 6%

Southwest Airlines and sister AirTran Airlines led March passenger traffic at John Wayne Airport.

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Taco Bell Sales Momentum Continues With Doritos Locos Tacos, Cantina Menu

Irvine-based Taco Bell Corp.’s Doritos Locos Tacos and Cantina Bell continued to bolster sales for the fast-food chain’s parent.

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Resources Connection Names New Head

Irvine-based professional services firm Resources Connection Inc. has promoted Tony Cherbak to be its new chief executive.

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Founders of Fisker Testify Before Congressional Subcommittee

The founders of Anaheim luxury hybrid automaker Fisker Automotive Inc. testified before a Congressional subcommittee yesterday, attempting to explain what went wrong with the troubled automaker.

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Wednesday, April 24

JWA March Passenger Traffic Rises 6%

Southwest Airlines and sister AirTran Airlines led March passenger traffic at John Wayne Airport.

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Western Digital Shares up on March Earnings Report

Irvine-based disk drive maker Western Digital Corp. on Wednesday reported earnings and revenue for the March quarter that beat Wall Street expectations.

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Taco Bell Sales Momentum Continues With Doritos Locos Tacos, Cantina Menu

Irvine-based Taco Bell Corp.’s Doritos Locos Tacos and Cantina Bell continued to bolster sales for the fast-food chain’s parent.

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Resources Connection Names New Head

Irvine-based professional services firm Resources Connection Inc. has promoted Tony Cherbak to be its new chief executive.

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Edwards Shares Plummet on Earnings Miss

Irvine-based Edwards Lifesciences Corp.’s shares fell more than 20% today, a day after it reported first-quarter earnings and sales that missed estimates and it lowered its full-year outlook.

Kaiser Aluminum Beats Profit Estimates

Foothill Ranch-based Kaiser Aluminum Corp. reported a first-quarter profit of $33.5 million, a 26% increase year over year and well above Wall Street’s estimate of about $16.8 million.

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Midday Stock Roundup

The S&P 500 rose 0.06% to 1,579.70 in midday trading Wednesday.

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Edwards Misses Q1, Lowers Outlook, Shares Fall

Shares of Irvine-based heart valve maker Edwards Lifesciences Corp. fell sharply in midday trading Wednesday, a day after reporting first-quarter results that missed analyst estimates.

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Broadcom Shares Jump on Q1 Earnings, Sales Outlook

Broadcom Corp. shares jumped in afternoon trading Tuesday after the Irvine-based chipmaker reported first-quarter sales and earnings that beat Wall Street expectations and provided a revenue target above estimates for the current quarter.

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Pacific Premier Bancorp Sees Profit Decline

Irvine-based Pacific Premier Bancorp Inc. reported decreased net income for the first quarter, with a total of $2 million, compared with $2.7 million in the year-ago period.

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Billabong Sale Talks Extended

A 10-day period of exclusive talks to sell the parent of Irvine-based Billabong USA has been extended into next month.

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Tuesday, April 23

Billabong Sale Talks Extended

A 10-day period of exclusive talks to sell the parent of Irvine-based Billabong USA has been extended into next month.

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Broadcom Shares Jump on Q1 Earnings, Sales Outlook

Broadcom Corp. shares jumped in after-hours trading Tuesday after the Irvine-based chipmaker reported first-quarter sales and earnings that beat Wall Street expectations and provided a revenue target above estimates for the current quarter.

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Edwards Misses Q1, Lowers Outlook, Shares Fall

Shares of Edwards Lifesciences Corp., the Irvine-based heart valve maker, fell sharply today in after-hours trading in the wake of first-quarter results that missed analyst estimates.

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Midday Stock Roundup

The S&P 500 rose 0.90% to 1,576.49 in afternoon trading Tuesday.

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Pacific Mercantile Bank Gets New Chief Executive

Costa Mesa-based Pacific Mercantile Bancorp has named Steven Buster the new president and chief executive of the company and its subsidiary, Pacific Mercantile Bank, following the retirement of founding president and CEO Raymond Dellerba.

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ICU Medical’s Profit Beats Estimates

San Clemente-based ICU Medical Inc. on Monday reported a first-quarter profit that exceeded analyst expectations on in-line revenue.

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CommerceWest Bank Sees Growth

Irvine-based CommerceWest Bank reported net income of $1.5 million for the first quarter, more than double its year-ago profit of $583,000.

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Fisker Misses DOE Loan Payment

Anaheim-based Fisker Automotive Inc. missed a loan payment due Monday to the U.S. Department of Energy, the department said.

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Fiber Optic Manufacturer Expanding

Glenair Inc., a maker of electrical and fiber optic connectors in Glendale, leased an industrial facility in Anaheim for manufacturing operations, with plans to hire up to 300 workers.

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Monday, April 22

Fisker Misses DOE Loan Payment

Anaheim-based Fisker Automotive Inc. missed a loan payment due today to the U.S. Department of Energy, according to the department.

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ICU Medical’s Profit Beats Estimates

San Clemente-based ICU Medical Inc. today reported a first-quarter profit that exceeded analyst expectations on in-line revenue.

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Midday Stock Roundup

The week started off mixed, with the S&P 500 up 0.17% to 1,557.87 in afternoon trading Monday.

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OC’s Jobless Rate Falls to 6.3%

Orange County added 5,100 jobs in March, bringing the unemployment rate down to 6.3% from the month-earlier reading of 6.6%.

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Plaza Bank Q1 Profits Up

Irvine-based Plaza Bank more than quadrupled its first-quarter profit, which totaled nearly $1.3 million.

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Saturday, April 20

PPG Industries Set to Acquire Deft

Irvine-based Deft Inc. agrees to be acquired by PPG Industries in Pittsburgh

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From Haute to Hip in Airport Area

Obey Takes Former St. John Knits Space in 170,000-SF Lease

Obey Clothing has expanded its operations into one of the more prominent industrial buildings in the area around John Wayne Airport.

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Industrial, Office Lead Commercial Construction Comeback

REAL ESTATE WATCH: Orange County Construction

Industrial and office lead commercial construction comeback. Includes Real Estate Watch industry performance charts.

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Westinghouse Digital Raises Sights on 4K

Orange-Based TV Brand Looks to Next Level

Orange-based Westinghouse Digital LLC is going upscale in a bid to reverse a slide in its market share for high-definition TVs.

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Westminster Buy Likely Near Top of Industrial Market

Leased as Medical Device Maker’s Distribution Hub

Clarion Partners LLC has bought a Westminster building that holds a large portion of the local operations of medical device maker B. Braun Medical Inc., in Real Estate

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Aerospace, Defense Contractors Steady on OC Jobs

Boeing Still No. 1 Despite Cuts; Commercial Side Up

Aerospace, defense contractors steady on employment here. Includes the 2013 OC's LARGEST AEROSPACE & DEFENSE CONTRACTORS list for download (pdf)

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Grades of Shade

Eyewear Cluster: Big Dog, Litter of Niche Players

Think all sunglasses are the same? Try telling that to an industry that racked up more than $3.3 billion in sales last year,

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By the Numbers - City of Orange Businesses

There are more than 5,000 businesses in the city of Orange, and they collectively employ roughly 71,000 people. Includes analysis, charts and figures.

Manufacturing CFOs Lean Into Unique Challenges

“Reshoring,” Demands for Cost Controls Drive the Trend

SPECIAL REPORT - CFOs: CFOs at manufacturers get closer to action

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Q&A: Then and Now

The Business Journal’s Jane Yu asked six chief financial officers to talk about the hurtles their companies faced during the recession, and the challenges that come with recovery.

SPECIAL REPORT - CFOs: Q&A: recession’s lessons, recovery’s challenges.

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CFOs’ Post-Recession Challenge: How to Spend

Real Estate, IT, New Hires on Shopping Lists

SPECIAL REPORT - CFOs: The return of spending

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REAL ESTATE DEALS - April 22, 2013

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

Qualcomm Nears Final License Payment to Broadcom

San Diego Rival’s Tab on Patent Settlement: $891M

Qualcomm nears final license payment to Broadcom, in Technology

UC Irvine Pair Set for Stem Cell Work on Alzheimer’s

Bay Area Company Aims for Investigational Drug

UC Irvine pair set for stem cell work on Alzheimer’s, in Healthcare

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Avocado Campaign Aims for First on Cinco de Mayo

Mexican Imports Chief Rival for State’s Growers

Avocado campaign aims for first on Cinco de Mayo, in Media and Marketing

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CALENDAR - April 22-May 1, 2013

A listing of events happening all around Orange County.

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‘Raindrop’ Maker Raises $15 Million

Startup ReVision Optics Inc. said in a regulatory filing that it raised $15M

Surf City Visitors Bureau Chief to Retire

Huntington Beach Marketing and Visitors Bureau founding Chairman and Chief Executive Steve Bone is set to retire in September.

Quiksilver Hires Ex-Disney Executive

Quiksilver Inc. hired a former Disney Store executive to head retail for its Americas business.

No Lack of OC Beds Seen in Anaheim General Closure

HEALTHCARE: On par with state average; unused capacity

Anaheim General Hospital’s pending closure isn’t expected to make a major dent in Orange County’s hospital bed capacity

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Skateboarder Goes to Digital, ‘Collectible’ in Print

MEDIA: 50-year-old title has iPads in mind on both offerings

GrindMedia LLC will shut down the regular print edition of its Skateboarder Magazine after nearly 50 years

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Thompson in Board Fight Over Retail-Focused REIT

REAL ESTATE: Other directors seek ouster, new adviser

The head of Thompson National Properties is facing another board battle

Del Taco Redo Aimed At Bigger Market Bite

RESTAURANTS: New menu, remodeled stores key to push

Del Taco LLC has been laying the groundwork on the chain’s makeover for more than a year.

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Wet Seal Taps Contemporary Veteran for Arden B

RETAIL: New hire for smaller chain amid larger turnaround bid

Wet Seal Inc. is taking another shot at a turnaround of its Arden B chain with a newly hired veteran of the contemporary fashion segment at the helm.

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Creative Work Space Due for Market Test

REAL ESTATE: HQ of apparel brand on block after makeover

An 82,645-square-foot office about a block from The District shopping center went up for sale this month

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Martin’s Medal; Battle of the Bands?; Another OC Derby Connection

OC INSIDER Column by Jerry Sullivan

Irvine Chamber to Think Hong Kong

ECONOMIC DEVELOPMENT: The Irvine Chamber of Commerce has reserved a spot in line when it comes to attracting investments from China

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OC Unit of Bausch in Sales Pact With Leica as Parent Preps for IPO

HEALTHCARE: Deals point up medical device sector’s status here

OC unit of Bausch & Lomb in sales pact with Leica as parent prepares for IPO

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ADDENDUM - April 22, 2013

Other news items of interest from the Orange County Business Journal

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PHILANTHROPY

ROLE MODELS

The Philanthropy Column by Kim Haman

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Friday, April 19

Plaza Bank Q1 Profits Up

Irvine-based Plaza Bank more than quadrupled its first-quarter profit, which totaled nearly $1.3 million.

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OC’s Jobless Rate Falls to 6.3%

Orange County added 5,100 jobs in March, bringing the unemployment rate down to 6.3% from the month-earlier reading of 6.6%.

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Midday Stock Roundup

The S&P 500 rose 0.59% to 1,550.72 in midday trading Friday.

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Acacia Shares Sink

Shares of Acacia Research Corp. plummeted Friday, a day after the Newport Beach-based company reported first quarter revenue and earnings dropped significantly from a year ago.

Pricing Set for Kia Premium Sedan

Irvine-based Kia Motors America Inc. confirmed pricing on its new premium sedan, the Cadenza.

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Thursday, April 18

Midday Stock Roundup

The S&P 500 fell 0.25% to 1,548.16 in afternoon trading Thursday.

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ReVision Optics Raises $15 Million

Lake Forest-based ReVision Optics Inc. said in a regulatory filing today that it raised $15 million.

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Mimi's Adds Head of Finance

Irvine-based Mimi's Cafe named Scott Miller vice president of finance, a new position at the French bistro-style restaurant chain, which got a new owner and president earlier this year.

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Supervisors OK Next Step in JWA Settlement Extension

The Orange County Board of Supervisors approved a memorandum of understanding on a proposed settlement agreement for John Wayne Airport.

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Mazda Official Car of Sports Car Club of America

Irvine-based Mazda North American Operations Mazda will step up its visibility at racing events with a new deal that makes it the official car of the Sports Car Club of America.

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Wednesday, April 17

Mimi's Adds Head of Finance

Irvine-based Mimi's Cafe named Scott Miller vice president of finance, a new position at the French bistro-style restaurant chain, which got a new owner and president earlier this year.

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ReVision Optics Raises $15 Million

Lake Forest-based ReVision Optics Inc. said in a regulatory filing today that it raised $15 million.

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Supervisors OK Next Step in JWA Settlement Extension

The Orange County Board of Supervisors approved a memorandum of understanding on a proposed settlement agreement for John Wayne Airport.

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Mazda Official Car of Sports Car Club of America

Irvine-based Mazda North American Operations Mazda will step up its visibility at racing events with a new deal that makes it the official car of the Sports Car Club of America.

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Midday Stock Roundup

The S&P 500 fell 1.59% to 1,549.60 in afternoon trading Wednesday.

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Quiksilver Names Former Disney Exec to Head Americas Retail

Huntington Beach-based action-sports apparel maker and retailer Quiksilver Inc. hired a former Disney Store executive to head up retail for its Americas business.

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PETA Threatens Suits Against 2 OC Chefs on Foie Gras

The fight over foie gras has an animal-rights group threatening legal actions against two Orange County chefs.

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Tuesday, April 16

Quiksilver Names Former Disney Exec to Head Americas Retail

Huntington Beach-based action-sports apparel maker and retailer Quiksilver Inc. hired a former Disney Store executive to head up retail for its Americas business.

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OC Hubs Included in Boeing Cuts

The Seal Beach and Huntington Beach hubs of Boeing Co.’s Space and Intelligence Systems unit are among the Southern California locations that will cut a total of 250 to 300 workers this year, the company confirmed on Tuesday.

Midday Stock Roundup

The S&P 500 rose 1.27% to 1,572 in afternoon trading Tuesday.

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FDA Declines to Approve Allergan’s Levadex

The Food and Drug Administration cited manufacturing concerns in rejecting Irvine-based Allergan Inc.’s request for approval to market Levadex, a drug to treat acute migraine headaches.

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Bone to Retire from HB Visitors Bureau

Huntington Beach Marketing and Visitors Bureau founding Chairman and Chief Executive Steve Bone is set to retire in September.

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Monday, April 15

Midday Stock Roundup

The S&P 500 fell 1.50% to 1,565.02 in afternoon trading Monday.

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Wet Seal Hires Former Bebe Exec to Lead Arden B

Foothill Ranch-based retailer Wet Seal Inc. named a former bebe stores Inc. executive to head up its Arden B contemporary women’s division.

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Irvine Coatings Company Agrees to Sale

Irvine-based specialty coatings supplier Deft Inc. has agreed to be acquired by PPG Industries Inc. in Pittsburgh.

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Wienerschnitzel Founder Galardi Passes

John Galardi, fast-food industry veteran and founder of the popular Wienerschnitzel hot dog chain, died Saturday after battling pancreatic cancer.

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Sunday, April 14

Wienerschnitzel Founder Galardi Passes

John Galardi, fast-food industry veteran and founder of the popular Wienerschnitzel hot dog chain, died Saturday after battling pancreatic cancer.

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Saturday, April 13

Clean Energy Bound for Newport Beach

ENERGY: Move from Seal Beach to 70,000-SF headquarters set

Clean Energy Fuels will move its headquarters to Newport Beach

Boeing to Develop New Satellites in Huntington Beach

DEFENSE: Part of focus on smaller systems; runs counter to cuts here

Boeing Co. will count on its Huntington Beach operations to probe the possibilities of a new line of satellites

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Newport Center’s Gateway Plaza to Go Dark

REAL ESTATE: Shutdown set as new Pimco HQ nears finish

Irvine Company gets ready for opening of the first of two office towers in Newport Center

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Semiconductor Equipment Maker Shifts West Coast HQ

Kulicke & Soffa to Irvine Corporate Center

Kulicke & Soffa Industries is moving its West Coast operations from Irvine to Santa Ana, in Real Estate

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STEC Turns to Direct Sales in Diversification Effort

Company Has Fallen Far From Its 2009 Heydays

STEC turns to direct sales in diversification effort, in Technology

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Mid-Counties Industrial Shows Signs of Rebound

REAL ESTATE WATCH: THE MID-COUNTIES MARKET

Mid-counties industrial shows signs of rebound. Includes Real Estate Watch industry performance charts.

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CALENDAR - April 15-24, 2013

A listing of events happening all around Orange County.

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Register Goes Against Grain With ‘Hard Pay Wall’

Cold-Turkey Shift on Access to Online Edition

Register goes against grain with”hard paywall,” in Media and Marketing

Delaware Court Sides With Allergan on Directors’ Suit

Rules That Precedent of Prior Calif. Case Holds

Delaware court sides with Allergan on directors’ suit, in Healthcare

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ADDENDUM - April 15, 2013

Other news items of interest from the Orange County Business Journal

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Printers Post Gain

Recovery, Consolidation Trend Help

SPECIAL ISSUE - ADVERTISING, PRINTING & GRAPHICS: Printers also up. Includes the 2013 OC's LARGEST COMMERCIAL PRINTERS list for download (pdf)

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92651’s Big Week: 4 Sales Combine for $26.5 Million

Spurt in Laguna Beach Best of Year So Far

Four luxury homes sold in Laguna Beach in a recent seven-day span, giving the 92651 zip code its best week of the year so far.

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Los Al Loses Lead in Race for Thoroughbred Status

SPORTS: Training center plan draws competition from Fairplex

Los Alamitos Race Course is no longer the front-runner to house thoroughbred training grounds and racing.

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MemorialCare Buys LH Practice

MemorialCare Medical Foundation’s Beach Surgical Holdings LLC last week acquired a 51% stake in Digestive Disease Center.

Chinese Luxe Shoppers Keen on SCP

Wealthy Chinese tourists count South Coast Plaza as their top shopping destination in the U.S., according to a recent survey.

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Red Digital Gets Accessories Company

Irvine-based Red Digital Cinema Camera Co. acquired camera accessories company Element Technica last week on undisclosed terms.

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Electric Visual Picks New Chief Exec

Electric Visual this month named co-founder Eric Crane chief executive of the San Clemente-based eyewear and accessories company.

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William Lyon Homes Puts IPO Target at $200 Million

REAL ESTATE: Yet to set number of shares; eyes NYSE

William Lyon Homes last week filed paperwork to raise $200 million in an initial public offering.

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Microsemi to Shed Folsom Facility in Consolidation Plan

TECHNOLOGY: Follow up on recent acquisitions draws cheers

Microsemi to shed operation in Folsom under consolidation plan

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It’s Official: Doner OC Office Shuttered

ADVERTISING: Doner Co. recently confirmed the shuttering of its Newport Beach office.

Margolis Shifts to CEO’s Job at Software Startup

HEALTHCARE: Will oversee Denver company from NB office

Margolis shifts to chief executive’s job at software startup

Abbott Medical’s New Boss Looks to Build

HEALTHCARE: Sees bigger role under parent company’s umbrella

New Abbott Medical Optics boss Murthy Simhambhatla sees his role as “building on the foundation” laid by his high-profile predecessor.

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Derby Déjà Vu

Another OC Exec With Horse in Run for Roses

The storyline behind Goldencents’ unlikely journey to the Kentucky Derby is eerily similar to last year’s upset win by I’ll Have Another

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Will Walker Get Date With OC? WSJ West; SCR’s Black Mark

OC INSIDER Column by Jerry Sullivan

Ad Agencies Post 5.2% Gain on Capitalized Billings

Digital Work, Hispanic Accounts Key to Rebound

SPECIAL ISSUE - ADVERTISING, PRINTING & GRAPHICS: Ad agencies see gains. Includes the 2013 OC's TOP ADVERTISING AGENCIES list for download (pdf)

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Signs of the Times

Digital Trend Reaches Restaurants’ Menu Boards

Delphi counts mostly fast-food chains as customers, including McDonald’s Corp., Yum! Brands Inc. and Wendy’s International Inc.

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Digital Gains Ground, Traditional Media Still in Game

More of Rising Budgets Are Spent in New Ways

SPECIAL ISSUE - ADVERTISING, PRINTING & GRAPHICS: Digital days 27

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By the Numbers - OC Ad Agencies, Printers

There are more than 900 advertising agencies and printers in Orange County. Includes analysis, charts and figures.

By the Numbers - Irvine Businesses

There are roughly 7,900 businesses in Irvine, and they collectively employ about 182,000 people. Includes analysis, charts and figures.

REAL ESTATE DEALS - April 15, 2013

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

Friday, April 12

Wet Seal Hires Former Bebe Exec to Lead Arden B

Foothill Ranch-based retailer Wet Seal Inc. named a former bebe stores Inc. executive to head up its Arden B contemporary women’s division.

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Irvine Coatings Company Agrees to Sale

Irvine-based specialty coatings supplier Deft Inc. has agreed to be acquired by PPG Industries Inc. in Pittsburgh.

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Midday Stock Roundup

The S&P 500 fell 0.45% to 1,586.14 in afternoon trading Friday.

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Jannard on Element Technica Buy: "Match Made in Heaven"

Irvine-based Red Digital Cinema Camera Co.'s buy of Burbank accessories company Element Technica made perfect sense for Red, according to its founder.

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Thursday, April 11

MemorialCare Buys Specialty Practice in Laguna Hills

Tustin-based MemorialCare Medical Foundation’s Beach Surgical Holdings LLC has acquired a 51% stake in Laguna Hills-based Digestive Disease Center.

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Ceradyne Trims Jobs on Defense Cutbacks

3M Co. subsidiary Ceradyne Inc. will trim 93 workers at its plant in Lexington, Ky., according to a filing with the Kentucky Office of Employment and Training.

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Midday Stock Roundup

The S&P 500 rose 0.53% to 1,596.16 in afternoon trading Thursday.

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House Subcomittee to Hold Hearing on Loan to Fisker

The U.S. House of Representatives Oversight and Government Reform subcommittee is expected to hold a hearing on a federal loan to Anaheim-based Fisker Automotive Inc. on April 24.

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Wednesday, April 10

House Subcomittee to Hold Hearing on Loan to Fisker

The U.S. House of Representatives Oversight and Government Reform subcommittee is expected to hold a hearing on a federal loan to Anaheim-based Fisker Automotive Inc. on April 24.

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MemorialCare Buys Specialty Practice in Laguna Hills

Tustin-based MemorialCare Medical Foundation’s Beach Surgical Holdings LLC has acquired a 51% stake in Laguna Hills-based Digestive Disease Center.

Ceradyne Trims Jobs on Defense Cutbacks

3M Co. subsidiary Ceradyne Inc. will trim 93 workers at its plant in Lexington, Ky., according to a filing with the Kentucky Office of Employment and Training.

Midday Stock Roundup

The S&P 500 rose 1.18% to 1,587.04 in afternoon trading Wednesday.

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Experian Buys Toronto Software Maker

Information services company Experian PLC has acquired Toronto-based Decisioning Solutions Inc. on undisclosed terms.

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Boston Firm Buys Irvine Litigation Specialist

Brown Rudnick LLP in Boston has acquired Irvine-based litigation firm Rus Miliband & Smith in a move to establish a presence on the West Coast and open a door to business in Asia.

Tuesday, April 9

Boston Firm Buys Irvine Litigation Specialist

Brown Rudnick LLP in Boston has acquired Irvine-based litigation firm Rus Miliband & Smith in a move to establish a presence on the West Coast and open a door to business in Asia.

William Lyon Homes Files $200M IPO

Newport Beach-based William Lyon Homes is looking to raise as much as $200 million in an initial public offering.

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Experian Buys Toronto Software Maker

Information services company Experian PLC has acquired Toronto-based Decisioning Solutions Inc. on undisclosed terms.

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Midday Stock Roundup

The S&P 500 rose 0.45% to 1,570.13 in afternoon trading Tuesday.

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Naude-Led Group in Exclusive Talks for Billabong

A group led by Billabong Americas President Paul Naude is now in exclusive talks to buy the division's Australia-based parent.

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Red Digital Buys Camera Accessories Company

Irvine-based Red Digital Cinema Camera Co. has acquired camera accessories company Element Technica.

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Former Movieland Site Leased

The former site of the Movieland Wax Museum on Beach Boulevard in Buena Park has been leased to an exhibition company.

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South Coast Plaza Voted Top Shopping Spot Among Chinese Travelers

High-net worth Chinese travelers voted South Coast Plaza their top shopping destination in the U.S.

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Monday, April 8

Red Digital Buys Camera Accessories Company

Irvine-based Red Digital Cinema Camera Co. has acquired camera accessories company Element Technica.

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South Coast Plaza Voted Top Shopping Spot Among Chinese Travelers

High-net worth Chinese travelers voted South Coast Plaza their top shopping destination in the U.S.

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Taco Bell 10-Year Plan to Double Sales

Irvine-based Taco Bell Corp. has set a goal of doubling sales to $14 billion over the next 10 years.

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Midday Stock Roundup

The S&P 500 fell 0.02% to 1,553.01 in midday trading Monday.

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Former Fisker Engineer Files Class-Action Suit on Job Cuts

A former engineer at Anaheim-based Fisker Automotive Inc. has filed a class-action lawsuit against the company in the wake of its move to cut 160 workers.

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Crane to CEO at Electric

Electric Visual co-founder Eric Crane has taken on the top spot at the San Clemente-based eyewear and accessories company.

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Saturday, April 6

Crane to CEO at Electric

Electric Visual co-founder Eric Crane has taken on the top spot at the San Clemente-based eyewear and accessories company.

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Vacancies Up in West Orange County

REAL ESTATE WATCH: WEST ORANGE COUNTY

West Orange County’s industrial sector had the highest availability rate of OC’s four submarkets. Includes Real Estate Watch industry performance charts.

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CALENDAR - April 8-17, 2013

A listing of events happening all around Orange County.

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Pacific Communications Adds to Work for Allergan

In-House Shop Gets U.S. Business for Natrelle 410

Pacific Communications adds to work for Allergan, in Media and Marketing

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Endologix Review: Growth Prospect, Takeover Target

Stent Maker Reaches $1B Mark on Market Value

Endologix review: growth prospect, takeover target, in Healthcare

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ADDENDUM - April 8, 2013

Other news items of interest from the Orange County Business Journal

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Value Line on Top Public Cos.: $115B

Biggest Here Combine for Gains on Market Cap, Sales, Profits

SPECIAL ISSUE: PUBLIC COMPANIES - Value line on top public companies: $115 billion. Includes the 2013 OC's TOP PUBLIC COMPANIES list for download (pdf)

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Gone, Not Forgotten

Where 10 Publicly Traded Firms Went

SPECIAL ISSUE: PUBLIC COMPANIES - Business Journal’s list of the biggest OC-based public companies is missing 10 entries from a year ago

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Companies Come Together to Make Oak View Shine

Volunteers Clean, Paint, Plant Trees, Cover Graffiti

PHILANTHROPY Column by Kim Haman

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Chemicals Maker Takes Stake in NC Firm

American Vanguard takes a stake in TyraTech Inc. with a $3.7M investment

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Disney, JWA Lead Tourism Boost in ’12

Orange County’s tourism industry fared well in 2012

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Rebound for Nursing Home Operators, Healthcare REIT

HEALTHCARE: Acquisitions help offset Medicare cuts

SPECIAL ISSUE: PUBLIC COMPANIES - Shares of two publicly traded nursing home operators and a related real estate investor have staged comebacks

Emulex Puts Proxy Fight on Hold With Board Additions

TECHNOLOGY: Directors bring standstill deal with fund

SPECIAL ISSUE: PUBLIC COMPANIES - Emulex puts proxy fight on hold with additions to board

Yokohama Tire Exec Changes Continue

MANUFACTURING: Head in Fullerton leaving for Japan

Yokohama Tire exec changes continue

Conexant Seeks Move in Plan to Cut Costs

TECHNOLOGY: Headquarters to be in smaller Irvine office

Conexant Systems plans to move its HQ from Newport Beach to a smaller location in Irvine

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OC Irony in Dell Deal; Sunstone’s Status; Hueston’s Boost

OC INSIDER Column by Jerry Sullivan

Will Vizio Still Be Comeback Kid on LCD TV Sales?

Segment Put It on Map More Than a Decade Ago

Vizio is losing its grip on the lead spot for sales of LCD sets in North America, in Technology

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KBS Spends $315 Million in Silicon Valley, Austin

REAL ESTATE: Data center, 7 bldgs on 32.7 acres in San Jose

KBS spends $315 million in Silicon Valley, Austin

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TRI Pointe’s Post-Recession Approach

How Homebuilder Plans to “Hit for Average”

SPECIAL ISSUE: PUBLIC COMPANIES - TRI Pointe plans to “hit for average”

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Kondaur Plans Move From City Plaza to TriCentre

Five-Year Deal Cuts Costs With Minimum Disruption

Kondaur plans move from City Plaza to TriCentre, in Real Estate

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Golden State Grows McDonald’s Business

Irvine-based food processor and distributor Golden State Foods Corp. acquired Gateway Distribution Inc. of Lebanon, Ill.

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By the Numbers - Garden Grove Businesses

There are more than 3,100 businesses in Garden Grove. Includes analysis, charts and figures.

REAL ESTATE DEALS - April 8, 2013

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

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Ceradyne Finds Fit in 3M’s Global Lineup

MANUFACTURING: Will stay in Costa Mesa in wake of $860M sale

SPECIAL ISSUE: PUBLIC COMPANIES - Ceradyne Inc. finds fit in 3M’s global lineup

Masimo’s Movement

Device Maker Wants Peers to Share Data for Patient Safety

SPECIAL ISSUE: PUBLIC COMPANIES - Masimo wants peers to share data for patient safety

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STEC Faces Proxy Battle Amid Shift in Sales Strategy

TECHNOLOGY: Plans push for corporate customers to stem declines

Santa Ana-based STEC Inc. appears headed for a proxy fight with its largest shareholder

Friday, April 5

Taco Bell 10-Year Plan to Double Sales

Irvine-based Taco Bell Corp. has set a goal of doubling sales to $14 billion over the next 10 years.

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Midday Stock Roundup

The S&P 500 fell 0.79% to 1,547.58 in afternoon trading Friday.

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Fisker Cuts Most of OC Workforce

Anaheim-based luxury hybrid automaker Fisker Automotive Inc. cut most of the employees at its headquarters earlier this morning, a move that came on the heels of a weeklong furlough.

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Universal Protection Adds N.C. Company to Fold

Santa Ana-based Universal Protection Service has acquired Allegiance Security Group in Morehead City, N.C. on undisclosed terms.

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Chapman COO Named Chair of Accrediting Commission

Chapman University’s chief operating officer, Harold Hewitt Jr., has been named chair of the Western Association of Schools and Colleges’ commission for senior colleges and universities.

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Thursday, April 4

Midday Stock Roundup

The S&P 500 rose 0.07% to 1,554.76 in midday trading Thursday.

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Cars Land, JWA Help Boost 2012 OC Visitor Count, Spending

Orange County’s tourism industry fared well in 2012, with increases in the number of visitors and spending stemming from the opening of new attractions at Disney California Adventure, expanded service at John Wayne Airport and an uptick in the meetings and conventions business.

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Hyundai, Kia Recalls for Faulty Brake Lamp Switch

About 1.7 million vehicles from Hyundai and Kia could be included in a recall for a malfunctioning brake lamp switch.

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Mindspeed Plummets on Cut in Revenue Outlook

Shares of Mindspeed Technologies Inc. plummeted Wednesday after the Newport Beach-based chipmaker cut its revenue projection for the recently ended quarter.

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Wednesday, April 3

Cars Land, JWA Help Boost 2012 OC Visitor Count, Spending

Orange County’s tourism industry fared well in 2012, with increases in the number of visitors and spending stemming from the opening of new attractions at Disney California Adventure, expanded service at John Wayne Airport and an uptick in the meetings and conventions business.

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Hyundai, Kia Recalls for Faulty Brake Lamp Switch

About 1.7 million vehicles from Hyundai and Kia could be included in a recall for a malfunctioning brake lamp switch.

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Mindspeed Plummets on Cut in Revenue Outlook

Shares of Mindspeed Technologies Inc. plummeted Wednesday after the Newport Beach-based chipmaker cut its revenue projection for the recently ended quarter.

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Midday Stock Roundup

The S&P 500 fell 0.77% to 1,558.22 in midday trading Wednesday.

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American Vanguard Ups Stake in N.C. Company

Newport Beach-based specialty chemical products maker American Vanguard Corp. has taken a stake in TyraTech Inc. with a $3.7 million investment into the Morrisville, N.C.-based company.

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Ensign Buys Three Texas Nursing Homes

Mission Viejo-based Ensign Group Inc. said today that it has bought three nursing homes in southeast Texas.

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March Sales Down for OC Automakers

March vehicle sales continued to grow nationally while Orange County-based brands were generally down for the month.

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Tuesday, April 2

March Sales Down for OC Automakers

March vehicle sales continued to grow nationally while Orange County-based brands were generally down for the month.

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Midday Stock Roundup

The S&P 500 rose 0.59% to 1,571.33 in afternoon trading Tuesday.

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Golden State Foods Buys Illinois Distributor

Irvine-based food processor and distributor Golden State Foods Corp. has acquired Gateway Distribution Inc. in Lebanon, Ill.

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Billabong Sale Talks ‘Incomplete,’ Requests Trading Halt

The parent of Irvine-based surfwear company Billabong USA announced a halt in trading of its shares late Monday, the second stoppage in the last month, with both stemming from its possible sale.

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Tourism Rebound Prompts Job Fair at Hilton Anaheim

The rebound in tourism had the Hilton Anaheim looking to fill open positions at a job fair it held on Monday.

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Opus to Add Offices in Seattle, Tacoma

Irvine-based Opus Bank has signed leases for new offices in Seattle and Tacoma, marking its entry into the cities as part of its overall push to target metropolitan markets along the West Coast.

Monday, April 1

Billabong Sale Talks ‘Incomplete,’ Requests Trading Halt

The parent of Irvine-based surfwear company Billabong USA announced a halt in trading of its shares today, the second stoppage in the last month, with both stemming from its possible sale.

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Golden State Foods Buys Illinois Distributor

Irvine-based food processor and distributor Golden State Foods Corp. has acquired Gateway Distribution Inc. in Lebanon, Ill.

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Tourism Rebound Prompts Job Fair at Hilton Anaheim

The rebound in tourism has the Hilton Anaheim looking to fill open positions at a job fair it is holding today.

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Midday Stock Roundup

The S&P 500 fell 0.34% to 1,563.85 in midday trading Monday.

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Del Taco Refinances Debt

Lake Forest-based Mexican-style fast food chain Del Taco Holdings Inc. said on Monday that it refinanced $215 million in debt in exchange for a lower interest rate as the fast food chain continues to eye growth.

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Wet Seal Promotes 2 on Namesake Brand

Foothill Ranch-based Wet Seal Inc. announced two promotions within its namesake teen division.

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