Stories for August 2013

Friday, August 30

Midday Stock Roundup

The S&P 500 was down 0.26% to 1,633.85 in afternoon trading Friday.

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Report: Pimco Plans to Push “Alternative” Investments

Newport Beach-based Pacific Investment Management Co. is planning to expand its holdings of distressed debt and other alternative investment strategies, according to a report by the Wall Street Journal.

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Red's Employee No. 1 Departs

Irvine-based RED Digital Cinema Camera Co.'s first employee and long-time spokesperson Ted Schilowitz is leaving the company.

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Pacific Sunwear Down on Q3 Guidance

Investors sent shares of Anaheim-based Pacific Sunwear of California Inc. down on Friday, a day after reporting disappointing current quarter guidance.

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Corinthian Reports Enrollment Declines, Anticipates Losses

Shares of Corinthian Colleges Inc. were down about 6% in afternoon trading Friday, driven by a steeper-than-expected drop in new student enrollments during the June quarter and cautious guidance for the current quarter.

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AT&T Set for Local Hiring Spree

AT&T Inc. is looking to fill more than 100 technician and customer service positions in Orange County.

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Thursday, August 29

AT&T Set for Local Hiring Spree

AT&T Inc. is looking to fill more than 100 technician and customer service positions in Orange County.

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Pacific Sunwear Down on Q3 Guidance

Investors sent shares of Anaheim-based Pacific Sunwear of California Inc. down in after-hours trading Thursday on disappointing guidance for the current quarter.

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Corinthian Reports Enrollment Declines, Anticipates Losses

Shares of Corinthian Colleges Inc. fell by about 10% on Thursday after a steady selloff throughout the day, driven by a steeper-than-expected drop in new student enrollments during the June quarter and cautious guidance for the current quarter.

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Report: Pimco Plans to Push “Alternative” Investments

Newport Beach-based Pacific Investment Management Co. is planning to expand its holdings of distressed debt and other alternative investment strategies, according to a report by the Wall Street Journal.

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Midday Stock Roundup

The S&P 500 rose 0.56% to 1,644.09 in afternoon trading Thursday.

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Tilly’s Taps Wet Seal Exec for CFO

Action-sports retailer Tilly’s Inc. in Irvine has hired Jennifer Ehrhardt as chief financial officer, a move up for the veteran of Foothill Ranch-based teen retailer Wet Seal Inc., where she most recently served as vice president and corporate controller.

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Yokohama Adds Sponsorship of NFL’s Colts

Fullerton-based Yokohama Tire Corp. will add the Indianapolis Colts to its roster of sponsored teams for the National Football League’s 2013 season, along with New England Patriots and Chicago Bears.

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Wednesday, August 28

Yokohama Adds Sponsorship of NFL’s Colts

Fullerton-based Yokohama Tire Corp. will add the Indianapolis Colts to its roster of sponsored teams for the National Football League’s 2013 season, along with New England Patriots and Chicago Bears.

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Tilly’s Taps Wet Seal Exec for CFO

Action-sports retailer Tilly’s Inc. in Irvine has hired Jennifer Ehrhardt as chief financial officer, a move up for the veteran of Foothill Ranch-based teen retailer Wet Seal Inc., where she most recently served as vice president and corporate controller.

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Midday Stock Roundup

The S&P 500 rose 0.65% to 1,641.03 in afternoon trading Wednesday.

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Wet Seal Narrows Q2 Loss, Looks to Store Growth

Results for Wet Seal Inc.’s August quarter show continued improvement in the company’s business.

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July JWA Passenger Traffic Rises

July passenger traffic at John Wayne Airport totaled 834,328, up 2.2% from a year earlier.

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THINK Together Absorbs Bay Area Nonprofit

Santa Ana-based nonprofit THINK Together will expand its reach into the Bay Area after a merger with a local chapter of After-School All-Stars.

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Tuesday, August 27

July JWA Passenger Traffic Rises

July passenger traffic at John Wayne Airport totaled 834,328, up 2.2% from a year earlier.

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Wet Seal Narrows Q2 Loss, Looks to Store Growth

Results for Wet Seal Inc.’s August quarter show continued improvement in the company’s business.

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THINK Together Absorbed Bay Area Nonprofit

Santa Ana-based nonprofit THINK Together will expand its reach into the Bay Area’s after a merger with a local chapter of After-School All-Stars.

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Midday Stock Roundup

The S&P 500 was down 1.26% to 1,635.83 in afternoon trading Tuesday.

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Billabong Full-Year Loss Widens

A year has passed since Billabong International Ltd. announced its turnaround strategy, but results for the year ended June 30 show worsening business conditions.

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OC Auto Sales Up 5.8% in July

July sales across Orange County dealerships totaled 13,005 new vehicles, up 5.8% from a year earlier, according to Newport Beach-based Orange County Automobile Dealers Association.

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Newport Beach PE Invests $3M in Enzymes Startup

Newport Beach-based private equity firm Kodiak Capital Group LLC is buying $3 million worth of common stock in a Houston-based nutraceutical products startup.

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Monday, August 26

Billabong Full-Year Loss Widens

A year has passed since Billabong International Ltd. announced its turnaround strategy, but results for the year ended June 30 show worsening business conditions.

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Billabong Full-Year Loss Widens

A year has passed since Billabong International Ltd. announced its turnaround strategy, but results for the year ended June 30 show worsening business conditions.

OC Auto Sales Up 5.8% in July

July sales across Orange County dealerships totaled 13,005 new vehicles, up 5.8% from a year earlier, according to Newport Beach-based Orange County Automobile Dealers Association.

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Action-Sports Distributor Inks New Deal

San Juan Capistrano-based One Punch Distribution Inc. signed a global distribution agreement with New York apparel company Headrush Apparel Inc.

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Midday Stock Roundup

The S&P 500 was up 0.25% to 1,667.61 in afternoon trading Monday.

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California United Bank Opens Irvine Office

California United Bank has opened an office in Irvine, combining an existing loan production office and a branch location.

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Report: Fisker CEO Steps Down

An automotive industry website has reported that Tony Posawatz has stepped down as chief executive at Anaheim-based Fisker Automotive Inc.

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Sunday, August 25

Report: Fisker CEO Steps Down

An automotive industry website has reported that Tony Posawatz has stepped down as chief executive at Anaheim-based Fisker Automotive Inc.

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Saturday, August 24

OC Gig for Puig

Sunglasses Brand Rudy Project Catches “Lightning in a Bottle” With Endorsement

San Clemente-based sunglasses company Rudy Project North America took a chance when it signed an endorsement deal with pro baseball player Yasiel Puig.

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ADDENDUM - August 26, 2013

Other news items of interest from the Orange County Business Journal

OC Cities Add Hires to Reverse Trends of Recession

GOVERNMENT: Combine for 13,916 on payrolls

Orange County’s cities grew modestly last year. Gains were seen on several fronts—population, general fund revenues and city employees. Includes the 2013 OC's LARGEST CITIES list for download (pdf)

Ivantis Raises $5M in 2nd VC Round

Irvine medical device maker Ivantis Inc. said it has raised $5 million more in a second round of venture funding.

Report Puts Offer for Fisker at $25M

An investment firm in Germany reportedly made an offer for Anaheim-based Fisker Automotive Inc.

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Fastest-Growing Private Companies Wanted for Annual List

ECONOMY: Centerpiece of Sept. 23 Special Report

The Business Journal is seeking private companies that have seen their yearly sales grow rapidly from mid-2011 to mid-2013.

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1 Nursing Home Operator Still Up After ‘Lumpy’ Q2

HEALTHCARE: Ensign gets pass, Skilled signals tough stretch

Orange County’s two publicly traded nursing home companies have continued to walk different paths on Wall Street this year.

German Bank Buys Irvine Insurance Firm

Irvine-based life insurance servicer NorthStar Life Services LLC has been acquired by a bank in Germany on undisclosed terms.

Online Broker Counts on Concerts as Hot Ticket

TECHNOLOGY: Costa Mesa startup eyes $10M in sales

Entrepreneur Kooshiar Azimian’s part-time hobby a few years ago has become one of the hottest secondary ticket brokerages on the Web.

ELA Gets All of Toll Roads’ Ad Account

MARKETING: Irvine shop’s win in $7M-to-$10M range

Brand stewardship of local toll roads has switched hands but remains in Orange County after Irvine-based ELA Advertising’s clean sweep in a recent bid for the business.

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Toshiba Adds Star Power to Irvine Operations

Goes Hollywood on Back-to-School Push for PCs

Irvine-based Toshiba America Information Systems Inc. has added Hollywood heavyweights to its partnership with one of Silicon Valley’s biggest names.

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Toshiba Adds Track Record to Irvine Operations

New CEO for Printers Aims to Set Fresh Tone

Scott Maccabe last month took the reins at Irvine-based Toshiba America Business Services Inc.

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Great Park Math; Doti’s Dream Team; West Meets Oz

OC INSIDER Column by Jerry Sullivan

Retail Market Holds Its Own in Q2

U.S. retail sales increased 0.6% in May over the prior month, showing the slow but steady improvement in the national economy.

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OC Lesson Plan: Colleges Are Buying in Spectrum

Chapman, CSUF, Brandman Stake Claims in Business Center

Office parks in the Irvine Spectrum have become the go-to location for back-to-school sales of a real estate variety over the past few years.

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Irvine Company Has Big Plan on Campus

REAL ESTATE: Project on drawing board could accommodate Broadcom

Irvine Company has presented plans for a massive campus in the Irvine Spectrum to chipmaker Broadcom Corp.

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OC’s Office Market Stable Countywide

The Orange County office market continued to be relatively stable through the first half of the year.

By the Numbers - ALISO VIEJO BUSINESSES

There are more than 880 businesses in Aliso Viejo. Includes analysis, charts and figures.

By the Numbers - ORANGE COUNTY INDUSTRIAL TENANTS

There are more than 22,000 industrial tenants in Orange County. Includes analysis, charts and figures.

REAL ESTATE DEALS - August 26, 2013

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

Emulex Delays Possible Proxy Battle With Extension

Stand-Still Agreement Now Expires Sept. 20

Costa Mesa-based Emulex Corp., which has been linked to sale talks, has reached an agreement with its largest shareholder that delays a potentially looming proxy battle, in the Technology column.

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Charter Jet Service Gets Co-Pilot on Marketing Deal

JetSuite, Beverly Hills Upscale Firm Join Forces

JetSuite, a charter jet service that operates out of John Wayne Airport, has partnered with Leverage Global Partners, a Beverly Hills-based network of independent real estate brokerages, in the Media & Marketing column

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Allergan Developing More Takes on Dry-Eye Drugs

Company Plans Twist on Restasis, Fights Generic

Irvine drug maker Allergan Inc. isn’t sitting on its hands when it comes to the dry-eye market, according to a company official, in the Healthcare Column

REIT Parts Ways With Creator After Money Squabbles

TNP Strategic Partners With Glenborough LLC

A nontraded real estate investment trust that buys shopping centers is doing its best to distance itself from the company that founded it, Costa Mesa-based Thompson National Properties, in the Real Estate Column

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CALENDAR - Aug. 26-Sept. 4 and Sept. 17, 2013

A listing of events happening all around Orange County.

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Orange County Industrial Market’s Supply Remains Tight

Lack of supply in Orange County’s industrial market continues to be a factor as demand increases.

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Industrial Sale With Big Price Could Fuel More Like It

Lots of Projects Planned, But Few Moved in 5 Years

A slowly improving economy hasn’t led to a surge in new development of industrial buildings in Orange County.

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PHILANTHROPY August 26, 2013

Deliotte Makes IMPACT; Feeding a Need; Breakfast of Champions; Carnival of Companies Help Out; Hundreds Do Outreach, in the Philanthropy Column

Friday, August 23

Midday Stock Roundup

The S&P 500 was up 0.20% to 1,660.32 in midday trading Friday.

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Billabong Board Offered New Refi Deal

The parent of Irvine-based Billabong USA and several other local apparel and accessory brands confirmed it received an alternative refinancing package from two U.S. hedge funds.

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Wet Seal Shareholder Wants More Stock Buybacks

Foothill Ranch retailer Wet Seal Inc. revealed in a filing with the Securities and Exchange Commission on Thursday calls by one of its major shareholders to renew the company’s share repurchase program.

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Newport Dealership on ‘Best’ List

Newport Auto Center in Newport Beach has been named to Automotive News’ list of top 100 “Best Dealerships to Work For.”

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Thursday, August 22

Wet Seal Shareholder Wants More Stock Buybacks

Foothill Ranch retailer Wet Seal Inc. revealed in a filing with the Securities and Exchange Commission on Thursday calls by one of its major shareholders to renew the company’s share repurchase program.

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Midday Stock Roundup

The S&P 500 rose 0.61% to 1,652.79 in afternoon trading Thursday.

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Revised Terms on Billabong Refi

Australian action-sports apparel maker and retailer Billabong International Ltd. has reworked certain terms of an earlier announced refinancing deal.

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Wells Fargo Lays Off 330 from Mortgage Unit

Wells Fargo Bank is laying off 330 employees from its mortgage business in its Costa Mesa and Santa Ana offices.

Wednesday, August 21

Revised Terms on Billabong Refi

Australian action-sports apparel maker and retailer Billabong International Ltd. has reworked certain terms of an earlier announced refinancing deal.

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Wells Fargo Lays Off 330 from Mortgage Unit

Wells Fargo Bank is laying off 330 employees from its mortgage business in its Costa Mesa and Santa Ana offices.

Report: $25M Offer for Fisker

An investment firm in Germany has reportedly made an offer for Anaheim-based Fisker Automotive Inc.

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Midday Stock Roundup

The S&P 500 was off 0.30% to 1,647.44 in afternoon trading Wednesday.

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Del Taco Adds 39 Stores to Development Pipeline

Lake Forest-based Del Taco LLC recently signed deals with seven groups that are expected to account for 39 new restaurants over the next 10 years.

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Wells Fargo to Sponsor Elephant Parade in Dana Point

The wealth management arm of Wells Fargo Bank has signed on as the “grand patron” of the upcoming Elephant Parade in Dana Point.

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Glaucoma Device Maker Ivantis Raises $5M

Irvine medical device maker Ivantis Inc. said today that it has raised $5 million more in a second round of venture funding.

Tuesday, August 20

Wells Fargo to Sponsor Elephant Parade in Dana Point

The wealth management arm of Wells Fargo Bank has signed on as the “grand patron” of the upcoming Elephant Parade in Dana Point.

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Glaucoma Device Maker Ivantis Raises $5M

Irvine medical device maker Ivantis Inc. said today that it has raised $5 million more in a second round of venture funding.

Jannard Taps Red President for More Duties

Irvine-based RED Digital Cinema Camera Co. Chief Jim Jannard said Monday he is stepping out of the limelight and handing that duty over to President Jarred Land.

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Incipio Buys Utah Company

Mobile device accessories maker Incipio Technologies Inc. has acquired a Utah competitor and secured a $50 million credit line to fund expansion, the Irvine company announced Monday.

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Ocean Media Tapped for Lynda.com’s TV Media Buying

Lynda.com selected Ocean Media of Huntington Beach as its agency of record for television media buying.

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Midday Stock Roundup

The S&P 500 rose 0.73% to 1,658.04 in afternoon trading Tuesday.

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Monday, August 19

Ocean Media Tapped for Lynda.com’s TV Media Buying

Lynda.com selected Ocean Media of Huntington Beach as its agency of record for television media buying.

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Jannard Taps Red President for More Duties

Irvine-based RED Digital Cinema Camera Co. Chief Jim Jannard said Monday he is stepping out of the limelight and handing that duty over to President Jarred Land.

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Incipio Buys Utah Company

Mobile device accessories maker Incipio Technologies Inc. has acquired a Utah competitor and secured a $50 million credit line to fund expansion, the Irvine company announced Monday.

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Midday Stock Roundup

The S&P 500 was down 0.16% to 1,653.12 in afternoon trading Monday.

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Mazdas to Roll Through Port of Baltimore

Irvine-based Mazda North American Operations will service the Northeast through a new contract with an auto processing company at the Port of Baltimore.

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Saturday, August 17

Carriers’ Pullout Shouldn’t Mar Health Policy Picture

Some Say Plenty of Companies Offer Individual Policies

Recent decisions to stop selling individual health insurance policies in Orange County and other parts of California isn’t a signal of a lack of demand or space in the market

Fuller Tapped to Lead OC Tourism Efforts

The new Orange County Visitors Association team—led by a former Marriott International Inc. executive—could help boost the nonprofit’s profile and efforts to market the county.

Persian Tug

Iranian Immigrants Came for Quality of Life, Boosted OC’s Business Landscape

Immigration and corporate attorney Ali Farahmand is about to call the meeting to order.

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ADDENDUM - August 19, 2013

Other news items of interest from the Orange County Business Journal

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Slow and Steady: Laguna Jewelry Maker Continues Growth

RETAIL: New watches, cart for accessories company

Gorjana & Griffin Inc. bills itself as an online accessories company at a time when social media is helping play a big role in the success of many fashion brands’ successes in the market.

Baseball Great and Fellow Investors Buy Complex

REAL ESTATE: Santa Ana apartments sell for $28 million

An investment group that includes Hall of Fame baseball player George Brett has bought a 160-unit apartment complex in Santa Ana

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Wahoo’s Fish Taco Expands to Japan

RESTAURANTS: Smaller meals, beer-garden feel

Santa Ana-based Wahoo’s Fish Taco offers a case study in how old-fashioned elbow grease and partnerships go a long way in building a 25-year-old brand

Fowlers’ Latest Leg: $55M for Chapman; Ryan Gets Big Kiss

OC INSIDER Column by Jerry Sullivan

The Cost of Tomatoes

Wahoo’s Cofounder Explains Price Jumps

Ever wonder why some fast-food chains are a little more generous with their hot sauce packets than they are with their pico de gallo?

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Red-Hot Book

Familiar Kelley Blue Book Lights Fire Under Brand With First National Ads

A year after Irvine-based Kelley Blue Book Co. launched its first national TV advertising campaign, the traffic on its website is up 14%, attracting 16 million unique visitors each month.

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Irvine Firm Gains Power in China Deal

TECHNOLOGY: Survived bankruptcies, failed venture

CTC Global Inc. is making a comeback after several years of missteps that included a fizzled stint as a public company, an ill-timed wind farm acquisition and two bankruptcies.

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Valeant to Consolidate to Irvine Office, Shed Executives, Others

HEALTHCARE: Changes to follow buy of Bausch + Lomb eye unit

Valeant Pharmaceuticals International Inc. is changing up its Southern California operations after closing its $8.7 billion buy of diversified eye product maker Bausch + Lomb Inc. this month.

Irvine Company, Light on Debt, Takes Out Big Loan

Finalizes $115M Mortgage For Cypress Village Apts.

Newport Beach-based Irvine Company has taken out a sizable loan for one of the four apartment complexes it has built in the new Cypress Village neighborhood in Irvine, in the Real Estate Column

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REAL ESTATE DEALS - August 19, 2013

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

QLogic Corp. Sheds Nonlucrative Circuit Switch Line

Company Is Focusing on Fibre Channel, Ethernet

Aliso Viejo-based networking equipment maker QLogic Corp. has exited a line of business as the company searches for a new chief executive, in the Technology Column

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Orange County’s Low-Rise Office Activity Slows

REAL ESTATE WATCH: LOW-RISE OFFICE SPACE

Activity for the office sector in general slowed a bit in the second quarter. Includes Real Estate Watch industry performance charts.

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Oakley Spotlights Skater as Kindred Spirit in Series

Burnquist’s Progressive Mindset Mirrors Its Own

Foothill Ranch-based Oakley Inc. kicked off a six-part series on its website featuring skateboarding icon Bob Burnquist, in the Media & Marketing Column

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Population Health Drives St. Joseph Health Investment

Buys Into Patient Data Software Developer

Irvine-based St. Joseph Health is adding healthcare software investor to its many roles, in the Healthcare Column

CALENDAR - August 19-28, 2013

A listing of events happening all around Orange County.

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HMOs Show Orange County Membership Jump

PPOs Have More Modest Gain Over Last Year

Health maintenance organizations grew at a steady pace over the past year in Orange County. Includes the 2013 OC's LARGEST HMOs, PPOs list for download (pdf)

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Dental Health Plans See Modest Growth in Past Year

Fourteen Biggest Plans Add 2% to Their Memberships

Managed dental care plans grew slowly during the past year. Includes the 2013 OC's LARGEST HMOs, PPOs list for download (pdf)

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Managed-Care Provider Focuses on Most Vulnerable

Santa Ana-based managed-care provider Health Essentials LLC is targeting a different segment of senior citizens than most companies in the field.

Q&A: Healthcare Industry

The Business Journal’s Vita Reed asked four people in the healthcare industry what they’re doing, now that full implementation of reform has been delayed.

By the Numbers - SAN CLEMENTE BUSINESSESS

There are more than 1,900 businesses in San Clemente, and they collectively employ roughly 18,600 people. Includes analysis, charts and figures.

Orange County Luxury Homes Sell at Brisk Clip

Asian Buyers Help Fuel Recent Buying Frenzy

The luxury home market showed no signs of slowing as the calendar page flipped to August, in the Luxury Homes column.

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Avanir Pharmaceuticals Diversifies With Merck Drug Promotion Deal

HEALTHCARE: Also solidifies control of main drug, Nuedexta

Aliso Viejo-based Avanir Pharmaceuticals Inc. last week reached out to one member of Big Pharma to diversify and another to settle a legal dispute.

Friday, August 16

OC Sees Job Cuts, Unemployment Up in July

Local businesses cut 10,200 jobs in July, pushing up Orange County’s unemployment rate to 6.5% from 6.1% in June.

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Midday Stock Roundup

The S&P 500 was down 0.37% to 1,655.16 in afternoon trading Friday.

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Arena Football Coming to OC, Kiss Front Men Headline Ownership

Professional football is coming back to Southern California and the Honda Center.

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Golden State Foods Expands Distribution for McDonald’s

Irvine-based food manufacturer and distributor Golden State Foods Corp. opened a new distribution facility in Whitewater, Wis.

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Quantum Regains Nasdaq Compliance

Quantum Fuel Systems Technologies Worldwide Inc. has regained compliance to trade on the Nasdaq stock market, the Lake Forest-based company said Thursday.

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Thursday, August 15

Quantum Regains Nasdaq Compliance

Quantum Fuel Systems Technologies Worldwide Inc. has regained compliance to trade on the Nasdaq stock market, the Lake Forest-based company said Thursday.

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Golden State Foods Expands Distribution for McDonald’s

Irvine-based food manufacturer and distributor Golden State Foods Corp. opened a new distribution facility in Whitewater, Wis.

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Arena Football Coming to OC, Kiss Front Men Headline Ownership

Professional football is coming back to Southern California and the Honda Center.

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Hyundai Issues Recalls on Sonata, Azera

About 259,000 vehicles from Hyundai are included in a recall announced Wednesday related to potential corrosion that could affect vehicle alignment.

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Midday Stock Roundup

The S&P 500 was off 1.37% to 1,662.32 in afternoon trading Thursday.

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CSUF Buys Buildings for Irvine Campus

California State University, Fullerton, paid $30.5 million to purchase the two buildings in the Banting Corporate Center in Irvine, where it has kept a branch campus since early 2011.

Mimi's Continues to Retool Executive Team

Irvine-based Mimi's Cafe promoted three operations executives at the company as the French-inspired bistro chain continues to build on its executive team under new President Phil Costner.

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Grant Thornton’s Irvine-based Exec Named Managing Partner of West Region

National accounting firm Grant Thornton LLP promoted Jacqueline Akerblom to managing partner of its Western U.S. region.

Yogurtland Inks Franchise Agreements for 20 More Stores

Irvine-based frozen yogurt chain Yogurtland Franchising Inc. is continuing its growth push, with franchise agreements for 20 more stores in the U.S.

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Wednesday, August 14

Hyundai Issues Recalls on Sonata, Azera

About 259,000 vehicles from Hyundai are included in a recall announced Wednesday related to potential corrosion that could affect vehicle alignment.

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CSUF Buys Buildings for Irvine Campus

California State University, Fullerton, paid $30.5 million to purchase the two buildings in the Banting Corporate Center in Irvine, where it has kept a branch campus since early 2011.

Biolase Shares Crash on Bank Waiver News

Irvine-based Biolase Technology Inc.’s shares fell sharply on Wednesday after the company disclosed that it had not been in compliance with a bank loan provision.

Yogurtland Inks Franchise Agreements for 20 More Stores

Irvine-based frozen yogurt chain Yogurtland Franchising Inc. is continuing its growth push, with franchise agreements for 20 more stores in the U.S.

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Grant Thornton’s Irvine-based Exec Named Managing Partner of West Region

National accounting firm Grant Thornton LLP promoted Jacqueline Akerblom to managing partner of its Western U.S. region.

Midday Stock Roundup

The S&P 500 was off 0.35% to 1,688.18 in afternoon trading Wednesday.

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Chapman Law Gets $55M, Renames School After Donor

Chapman University’s law school received $55 million from local real estate developer Dale Fowler and his wife, Sarah Ann, and will be renamed the Dale E. Fowler School of Law.

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Taco Bell Reveals Third Doritos Locos Flavor

The third installment of Irvine-based Taco Bell Corp.'s Doritos Locos Tacos lineup is based on a newly created Fiery Doritos flavor.

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Tuesday, August 13

Taco Bell Reveals Third Doritos Locos Flavor

The third installment of Irvine-based Taco Bell Corp.'s Doritos Locos Tacos lineup is based on a newly created Fiery Doritos flavor.

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Midday Stock Roundup

The S&P 500 rose 0.39% to 1,696 in afternoon trading Tuesday.

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Western Digital Invests in Bay Area Company

Irvine-based drive maker Western Digital Corp. has invested in a Bay Area company that specializes in hybrid storage products.

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PacMerc Swings to Losses on Wholesale Mortgage Lending Halt

Pacific Mercantile Bancorp took a hit from exiting the wholesale mortgage lending business last fall, a decision that slashed income for the Costa Mesa-based bank for the second quarter and the entire first half of this year.

Commerce National Bank to be Rebranded as Argent

Commerce National Bank in Newport Beach will be renamed Argent Bank after its pending acquisition by Sterling Financial Corp. is complete in the fourth quarter.

Billabong Shares Surge Prompts ASX Inquiry

Shares of Irvine-based Billabong USA's parent fell back on Tuesday after a surge last week prompted an inquiry letter to the company from the Australian Securities Exchange.

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Monday, August 12

Commerce National Bank to be Rebranded as Argent

Commerce National Bank in Newport Beach will be renamed Argent Bank after its pending acquisition by Sterling Financial Corp. is complete in the fourth quarter.

Billabong Shares Surge Prompts ASX Inquiry

Shares of Irvine-based Billabong USA's parent continued their rise from last week, closing up nearly 7% Monday in Australia.

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Western Digital Invests in Bay Area Company

Irvine-based drive maker Western Digital Corp. has invested in a Bay Area company that specializes in hybrid storage products.

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Oakley Sells REVO Brand for $20M

Foothill Ranch-based Oakley Inc. sold its polarized sunglasses brand REVO to Sequential Brands Group Inc. for about $20 million.

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Midday Stock Roundup

The S&P 500 was down 0.20% to 1,688.05 in afternoon trading Monday.

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Sunday, August 11

Q&A: Meetings and Conventions Industry

Average hotel room rates and occupancy levels saw a lift over the past year as the meetings business experienced a healthy return.

Will Chanteclair Spot Put on The Ritz? Doti Does It All Over

OC INSIDER Column by Jerry Sullivan

Pizza Chain Snags $30 Million Loan

Rancho Santa Margarita-based John’s Incredible Pizza Co. got a $30 million loan from a consortium led by New York-based Praesidian Capital.

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Insurance Firm Continues Florida Push

Huntington Beach-based Confie Seguros Insurance Services continued its expansion on the East Coast

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Medical Device Maker in Sales Talks

San Clemente-based ICU Medical Inc. is in talks about a possible sale to a Chicago-based private equity firm

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Mazzo Assumes Post With Versant Firm

Veteran Orange County medical device executive James Mazzo was named executive chairman of Cumberland, R.I.-based Neurotech Pharmaceuticals Inc.

Many Public Relations Firms Grow With Economy

Benefit As Companies’ Spending Increases

The majority of Orange County’s largest public relations firms on this week’s Business Journal list added staff or retained their existing number of employees in the past 12 months. Includes the 2013 OC's LARGEST PUBLIC RELATIONS FIRMS list for download (pdf)

Hyundai’s Latest OC Outfit: Parts Maker

Automotive parts and machine tools maker Hyundai Wia Machine America Corp. opened a showroom and technical center for customer training in Cypress, its first facility in the Western U.S.

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Market Doubts on Another Electric Vehicle Maker

TRANSPORTATION: SEC raises questions on T3 Motion

The Securities and Exchange Commission recently denied an appeal from electric vehicle maker T3 Motion Inc. to regain its listing on the New York Stock Exchange

Offshore Flow Brings Office Sale Near JWA

REAL ESTATE: Foreign buyers see OC as relatively affordable

A foreign-based investor has bought 11 buildings in a Newport Beach office park close to John Wayne Airport in one of the larger office transactions in the city so far this year.

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MemorialCare’s Flip Is PacTrust’s New HQ

REAL ESTATE: Hospital operator sells in Costa Mesa, buys in FV

The Irvine-based parent of Pacific Trust Bank plans to move its headquarters and rapidly growing operations to one of the more distinctive office buildings in Costa Mesa.

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Anchors Away?

Long-Term Vision for Laguna Hills Mall Ranges From Restaurants to Residential

The role of the traditional department store anchor at a mall used to be straightforward: be a destination that helps woo customers and other tenants.

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OC’s Other Foodies

Industry Tops $10B in Sales, Employs Thousands Here

Here’s a basic strength of Orange County’s economy that often goes overlooked amid the software makers, medical device manufacturers, apparel brands and financial firms here: food.

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High-Rise Office Market Continues Its Own Rise

REAL ESTATE WATCH: GREATER LOS ANGELES

Orange County’s high-rise office market continued to improve in the second quarter.

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Olen Pays $73.5M for Office Complex in Irvine Spectrum

REAL ESTATE: Biggest OC buy for NB-based developer in several years

Newport Beach-based real estate investor and developer Olen Properties Corp. has made its largest local purchase in several years

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REAL ESTATE DEALS - August 12, 2013

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

By the Numbers - PUBLIC RELATIONS FIRMS IN ORANGE COUNTY

There are more than 80 public relations firms in Orange County. Includes analysis, charts and figures.

Medical Biller Renews at Anaheim Corporate Center

Tenet Healthcare Unit in Deal for 90,000 SF

Dallas-based Conifer Health Solutions has renewed its lease at Arena Corporate Center in Anaheim in one of the larger office leases Orange County has seen in recent months, in the Real Estate Column.

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Danaher Corp. Buys Stake in Garden Grove Company

Teletrac Employs 500-Plus; Makes GPS, Other Software

Washington, D.C.-based conglomerate Danaher Corp. bought Vector Capital’s stake in Teletrac Inc., a Garden Grove company that makes GPS, fleet tracking, diagnostic and analytics software, in the Technology Column

Kingston Technology to Sponsor Video Game Tourney

Memory Products Maker ‘Aligns’ With eSports

Kingston Technology Company Inc. of Fountain Valley will sponsor the eighth season of Intel Extreme Masters, a professional tournament that focuses on multiplayer online games such as Starcraft II and League of Legends, in the Media & Marketing Column

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Alphaeon Corp. Goes to Switzerland for First Product

Gets Licensing Rights for Lower-Face Skin Fillers

Newport Beach-based Alphaeon Corp. has reached overseas for its introductory product, in the Healthcare Column

CONVENTION EVENTS CALENDAR

The following is a list of conventions, trade shows, consumer shows and events scheduled between Aug. 12 and July 31, 2014.

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Hotels, Resorts Hope Elephant Event is Gigantic Hit

International Parade Could Pump Up Business

The Elephant Parade, an exhibit showcasing 33 fiberglass elephant statues decorated by various artists and celebrities and making its way across the globe to much fanfare

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Planning Starts Early for Tourism Pros Convention

International Pow Wow Is Years in the Making

International Pow Wow is still six years away, but planning for the big event starts now.

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ADDENDUM - August 12, 2013

Other news items of interest from the Orange County Business Journal

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PHILANTHROPY August 12, 2013

PHILANTHROPY Column by Kim Haman

Fastest-Growing Private Companies Wanted for Annual List

Centerpiece of Sept. 23 Special Report

The Business Journal is seeking private companies that have seen their yearly sales grow rapidly from mid-2011 to mid-2013.

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Friday, August 9

Midday Stock Roundup

The S&P 500 slipped 0.15% to 1,694.86 in afternoon trading Friday.

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Mazda to Boost SKYACTIV Engine Production With Mexico Factory

The parent of Irvine-based Mazda North American Operations has plans to build an engine machining factory in Mexico that would produce its SKYACTIV engines.

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Q2 Profit Up for Subprime Auto Lender

Irvine-based subprime auto financing company Consumer Portfolio Services Inc. reported increased revenues and profits for the second quarter, as well as for the first six months of the year.

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Emulex Profits Beat Expectations

Costa Mesa-based networking equipment maker Emulex Corp. on Thursday reported June quarter revenue in line with Wall Street expectations and adjusted profits that beat estimates.

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JPMorgan Chase Cuts 245 OC Jobs

JPMorgan Chase & Co. is cutting 245 jobs from its mortgage business unit in Irvine.

Clean Energy Beats Expectations for Q2

Newport Beach-based Clean Energy Fuels Corp. on Wednesday reported second-quarter results that beat Wall Street expectations.

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Knott’s Helps Parent to Revenue Gain

A boost in guest spending at Knott’s Berry Farm and other parks owned by Sandusky, Ohio-based Cedar Fair Entertainment Co. helped the amusement park operator to a slight gain in revenue in the second quarter.

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Thursday, August 8

Knott’s Helps Parent to Revenue Gain

A boost in guest spending at Knott’s Berry Farm and other parks owned by Sandusky, Ohio-based Cedar Fair Entertainment Co. helped the amusement park operator to a slight gain in revenue in the second quarter.

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Clean Energy Beats Expectations for Q2

Newport Beach-based Clean Energy Fuels Corp. on Wednesday reported second-quarter results that beat Wall Street expectations.

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JPMorgan Chase Cuts 245 OC Jobs

JPMorgan Chase & Co. is cutting 245 jobs from its mortgage business unit in Irvine.

Emulex Profits Beat Expectations

Costa Mesa-based networking equipment maker Emulex Corp. on Thursday reported June quarter revenue in line with Wall Street expectations and adjusted profits that beat estimates.

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Midday Stock Roundup

The S&P 500 was up 0.44% to 1,698.36 in afternoon trading Thursday.

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Wet Seal Up on Positive Same-Store Sales

Shares of Foothill Ranch-based teen retailer Wet Seal Inc. rose on Thursday after the company said its quarterly same-store sales swung back to growth and earnings are expected to fall within a previously provided guidance range.

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Alliant Names New COO

Newport Beach-based Alliant Insurance Services Inc. has promoted Peter Carpenter to chief operating officer, a job he will start September 1.

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Ensign Group Misses on Q2, Reaffirms Full Year

Mission Viejo-based Ensign Group Inc. on Wednesday posted second-quarter results that missed Wall Street’s estimates.

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STEC Revenue Down, Losses Up

Santa Ana-based STEC Inc. on Wednesday reported another disappointing quarter in what could be its last as a public company.

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Banc of California Swings to Profit in Q2

Irvine-based Banc of California Inc. swung to profit in the second quarter, notching nearly $4.4 million in net income compared with a loss of $739,000 in the same period last year.

Meade, Buyer Agree to Higher Price

Irvine-based telescope maker Meade Instruments Corp. and its prospective buyer agreed to increase its sale price by about $380,000, to $5.9 million.

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Disneyland Resort Marks Q3 Attendance Record

Attendance at the Disneyland Resort in Anaheim and its parent’s other U.S. parks saw record-setting attendance for the third quarter ended June 29.

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Wednesday, August 7

STEC Revenue Down, Losses Up

Santa Ana-based STEC Inc. on Wednesday reported another disappointing quarter in what could be its last as a public company.

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Ensign Group Misses on Q2, Reaffirms Full Year

Mission Viejo-based Ensign Group Inc. today posted second-quarter results that missed Wall Street’s estimates.

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Disneyland Resort Marks Q3 Attendance Record

Attendance at the Disneyland Resort in Anaheim and its parent’s other U.S. parks saw record-setting attendance for the third quarter ended June 29.

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Meade, Buyer Agree to Higher Price

Irvine-based telescope maker Meade Instruments Corp. and its prospective buyer have agreed to increase its sale price by about $380,000, to $5.9 million.

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Banc of California Swings to Profit in Q2

Irvine-based Banc of California Inc. swung to profit in the second quarter, notching nearly $4.4 million in net income compared with a loss of $739,000 in the same period last year.

Midday Stock Roundup

The S&P 500 was off 0.35% to 1,691.47 in afternoon trading Wednesday.

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LabCorp Unit in Irvine to Cut Jobs

Laboratory Corp. of America will lay off 156 workers at its Integrated Oncology specialty testing unit in Irvine, according to a state filing.

June Rates Continue Rise for OC Hotels

Orange County hotels continued to see market fundamentals rise in June, according to the latest data available from industry researcher PKF Consulting USA.

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Tuesday, August 6

Midday Stock Roundup

The S&P 500 was down 0.49% to 1,698.83 in afternoon trading Tuesday.

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Mazzo Takes Executive Chairman Job

Veteran Orange County medical device executive James Mazzo has been named executive chairman of Cumberland, R.I.-based Neurotech Pharmaceuticals Inc.

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Skilled Healthcare Falls on Q2 Profit, Revenue Misses

Foothill Ranch-based Skilled Healthcare Group Inc.’s shares tumbled in early trading this morning, a day after releasing second-quarter earnings that fell short of analysts’ estimates.

Monday, August 5

HB Insurance Brokerage Expands in Florida

Huntington Beach-based Confie Seguros Insurance Services continued its expansion on the East Coast with the acquisition of Economy Insurance Mart in Spring Hill, Fla., on undisclosed terms.

John’s Incredible Pizza Co. Gets $30M Loan

Rancho Santa Margarita-based John’s Incredible Pizza Company Inc. got a $30 million loan from a consortium led by New York-based Praesidian Capital.

Extension for Merage School Interim Dean

University of California, Irvine, said its senior associate dean of academic affairs, Rajeev Tyagi, will remain interim dean of the Paul Merage School of Business through the 2013-2014 academic year.

APhA Taps Chapman Pharm School Associate Dean as President-Elect

Lawrence Brown, associate dean at Chapman University’s School of Pharmacy, has been elected the next president of the American Pharmacists Association.

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Ceradyne Founder Named Chapman Trustee

Chapman University has named Joel Moskowitz, founder and longtime head of Costa Mesa-based Ceradyne Inc., to its 42-member board of trustees.

MemorialCare to Keep HQ in Fountain Valley

MemorialCare Health System said today that it has a deal to buy the Fountain Valley City Center that houses its corporate headquarters. Financial terms weren’t disclosed.

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Naude Resigns From Billabong

Paul Naude resigned as a company director and Americas President of Australia-based Billabong International Ltd.

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Midday Stock Roundup

The S&P 500 fell 0.22% to 1,705.84 in afternoon trading Monday.

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Advantage Buys Food Brokerage in N.C.

Irvine-based Advantage Sales & Marketing LLC has acquired Program Sales Inc. on undisclosed terms.

Newport Beach Bill-Pay Tech Startup Acquired

Newport Beach-based online bill-service startup PayDivvy Inc. has been acquired by Higher One Holdings Inc. in New Haven, Conn.

Sunday, August 4

Kingston Shores Up Supply in Taiwan Deal

TECHNOLOGY: Moves to lock up DRAM as capacity tightens

Kingston Technology Co. has quietly shored up its supply of key memory chips in another deal with a manufacturer in Taiwan.

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Student Solves Her Problem—and School’s

Freshman Turned Around Campus Store

When Nikki Parmar joined Sage Hill School as a freshman two years ago, she was eager to share her school spirit by wearing a Sage Hill sweatshirt. But the enthusiastic freshman couldn’t find the school store.

Questcor Shares Rise on Surprise Quarter

Shares of Anaheim-based drug maker Questcor Pharmaceuticals Inc. shot up nearly 30% at one point last week

By the Numbers - TUSTIN BUSINESSESS

There are more than 2,500 businesses in Tustin. Includes analysis, charts and figures.

Weekend Wealthy

Here are some of the OC's wealthy part-timers:

OC’s Wealthiest 2013, pt2

Profiles of OC's Wealthiest people. 12-30

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OC’s Wealthiest 2013

Profiles of OC's Wealthiest people. 1-11

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ADDENDUM - August 5, 2013

Other news items of interest from the Orange County Business Journal

REAL ESTATE DEALS - August 5, 2013

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

Recession Largely Behind Best of OC’s Big-Box Space

Class A Spaces Fill Up With Recovery

Orange County’s retail market—particularly its inventory of big-box space in the region’s top locations—has largely recovered from the effects of the Great Recession, according to a new brokerage report, in Real Estate

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Greater Los Angeles Market Experiences Second-Quarter Uptick

REAL ESTATE WATCH: GREATER LOS ANGELES

Overall tenant demand in the Los Angeles market is fairly modest, although some market areas, like West Los Angeles and the San Fernando Valley, are experiencing stronger activity. Includes Real Estate Watch industry performance charts.

Some Angels Decry Lifting of Fundraising Ad Ban

Balk at Requirement of Accreditation Proof

Opposition is growing against a new Securities and Exchange Commission ruling that lifted a long-held advertising ban on fundraising solicitations, in Technology.

Boston Scientific Talks OC-Developed Defibrillator

Intro of Device Acquired Through Buy Resumes

Boston Scientific Corp. is getting ready to continue the introduction of a heart device it got through its buy of San Clemente-based Cameron Health Inc. last year, in Healthcare.

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Anaheim Ducks Give Movers, Shakers ‘Cold’ Greeting

Puck Cubes Talk Up Premium Offerings

Honda Center has found a new way to break the ice, literally—instead of brochures or blast emails, the entertainment and sports venue sent out Anaheim Ducks-branded hockey pucks frozen in ice blocks, in Media & Marketing.

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CALENDAR - August 5-14, 2013

A listing of events happening all around Orange County.

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Technology Changing Real Estate Business as Usual

Clients Are Now Craving Up-to-the-Minute Reports

It’s no secret that, in the competitive world of high-end luxury real estate specialists, the way of doing business is in the midst of a sea change, in Luxury Homes

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Chefs Introduce New and Old Concepts With Aplomb

Fresh Twists on Familiar, Plus Old-School Cooking

EXECUTIVE DINING Column by Fifi Chao

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Fastest-Growing Private Companies Wanted for Annual List

Centerpiece of Sept. 23 Special Report

The Business Journal is producing the seventh annual list of the fastest-growing privately held companies, set to appear as the centerpiece, of a Special Report in its Sept. 23 issue.

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Blizzard Parent Seeks Independence

Video game publisher Activision Blizzard plans to become independent from Vivendi with a purchase of the bulk of the parent company’s majority stake for $8.2 billion.

Kofax in $47M Deal for Palo Alto Company

Irvine-based business software maker Kofax PLC bolstered its big data offerings with a $47 million buy of a Palo Alto company that makes data integration software.

Private Equity Takes Stake in Lazy Dog

Los Angeles private equity firm Brentwood Associates bought a stake in Huntington Beach-based Lazy Dog Restaurant & Bar on undisclosed terms.

Very Good Year

Gains for Wealthiest Extend Throughout Southern California

Winners outpaced losers by a wide margin among Southern California’s super-rich over the past year or so, buoyed by stock gains, a resurgent real estate market, and a generally improving economy.

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Quality Systems Banter Turns Toward Buyout

HEALTHCARE: Software firm pledged to strategic review

Buyout banter has cropped up about Irvine-based healthcare software maker Quality Systems Inc.

ReVision’s $55M Plan: FDA OK, European Sales

HEALTHCARE: J&J among eye device maker’s backers

Lake Forest-based eye device maker ReVision Optics Inc. has nabbed a large chunk of funding and is pushing ahead with gaining domestic approval and overseas expansion plans.

Sage Hill School: Ambitious Plan Bears Fruit in Newport Coast

Private Campus Cultivates Diversity, Problem Solvers

In the mid-1990s, a group of Newport Beach parents, educators and business leaders coalesced around an idea: to create a private, nonreligious high school that blended rigorous academics with a dedication to public purpose and diversity.

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Smith’s VC Firm Does Deals By the Bundle

FINANCE: Irvine-based Toba Capital portfolio now at $200M

It’s taken Vinny Smith less than eight months to grow Toba Capital into one of the largest venture capital firms in Orange County.

Ingram Claims Place in Line at Allergan

HEALTHCARE: New president in “good spot” at $5.8B drug maker

Irvine-based drug maker Allergan Inc. is developing a leadership bench, casting an eye toward a future beyond long-serving Chief Executive David Pyott’s tenure.

OC’s Wealthiest-er

Strong Runs for Stocks, Real Estate Boost Rich List Across Board

Orange County’s richest have reached new highs in terms of combined wealth and billionaires.

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Which Way for Wealthy?

Prop 30 Takes Toll On Golden State’s Allure

First Foundation Inc. had no interest in expanding beyond California until last November.

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OC’s Wealthiest 2013, pt3

Profiles of OC's Wealthiest people. 31-38

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Friday, August 2

Midday Stock Roundup

The S&P 500 was down 0.09% to 1,705.35 in early afternoon trading Friday.

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Report: ICU Medical Talks Sale

San Clemente-based ICU Medical Inc. is in talks about a possible sale to a Chicago-based private equity firm, according to published reports.

Thursday, August 1

July Auto Sales Up for OC Automakers

Local automakers saw a brisk pace of sales in July with all four headquartered here reporting gains.

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Midday Stock Roundup

The S&P 500 rose 1.05% to 1,703.46 in midday trading Thursday.

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BJ's Misses on Quarterly Earnings

Shares of Huntington Beach-based restaurant operator BJ's Restaurants Inc. were down in afternoon trading Thursday, a day after the company reported disappointing results for the quarter ended July 2.

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Questcor Shares Continue Rise on Acthar Growth

Anaheim-based drug maker Questcor Pharmaceuticals Inc. continued its rise following the release of better-than-expected second-quarter results earlier this week that were driven by strong sales of its sole drug.

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$47M Buy for Kofax

Irvine-based business software maker Kofax PLC has bolstered its big data offerings with a $47 million buy of a Palo Alto company that makes data integration software.

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New President for Vanguard University

Vanguard University in Costa Mesa has named Michael Beals its new president.

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Resources Global Names New COO

Irvine-based Resources Global Professionals has promoted Tracy Stephens from senior vice president to chief operating officer, a role in which he is expected to place a particular emphasis on the firm’s international operations.

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Smith Micro Announces Cutbacks

Aliso Viejo-based Smith Micro Software Inc. on Wednesday reported second quarter earnings that missed Wall Street expectations and announced plans to close offices and lay off workers amid lackluster sales.

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