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ADDENDUM – September 30, 2013

Gov. Jerry Brown signed a bill to increase the state minimum wage to $10 an hour by 2016. The wage, now at $8, will rise to $9 next July 1 and to $10 on Jan. 1, 2016.

Parker Kennedy, chief executive of Santa Ana-based title insurance company First American Corp., joined Chapman University Fowler School of Law’s Board of Advisors.

Trustees of the Santa Ana Unified School District chose Riverside Unified schools Superintendent Rick Miller to lead the district. He will replace interim Superintendent Charles McCully this fall. Miller, 64, has served as Riverside’s superintendent since January 2009. His salary will be $300,000, plus benefits.

Federal regulators said Mitsubishi Heavy Industries’ is to blame for the San Onofre nuclear plant’s failure. The U.S. Nuclear Regulatory Commission found that computer models of the generators Mitsubishi built didn’t forecast vibrations that caused a leak leading to the plant’s closure.

Laguna Hills-based private equity firm Parallax Capital Partners joined another investor to acquire a majority interest in San Francisco-based IdenTrust Inc. on undisclosed terms. Parallax primarily makes investments in software companies. IdenTrust develops identity authentication systems designed to safeguard documents and protect online transactions. Parallax typically invests in companies with revenues ranging from $5 million to $10 million.

Fountain Valley-based MemorialCare Health System named Dr. Mark Schafer the new chief executive of its MemorialCare Medical Foundation doctors’ group. Schafer will replace Patrick Kapsner, who’s set to retire on Jan. 1. Schafer is currently the foundation’s chief medical officer. The foundation has more than 2,000 employed and affiliated doctors as part of its two divisions—MemorialCare Medical Foundation and Greater Newport Physicians. It also oversees MemorialCare’s medical imaging facilities, ambulatory surgery centers and HealthExpress retail clinics.

Irvine-based Western Digital Corp. Chief Financial Officer Wolfgang Nickl is leaving the company to take a similar position with ASML Holding N.V. in the Netherlands. Nickl, 44, will join the chip machine maker on Dec. 1, ending an 18-year tenure at Western Digital to be closer to his native Germany. He held several finance and operations positions at the company before being promoted to finance chief in August 2010. Nickl was instrumental in overseeing several acquisitions, including last year’s $4.3 billion deal for San Jose-based Hitachi Global Technology Inc., which added manufacturing plants in China and thousands of workers and positioned the company to become the largest disk drive maker in the world in revenue and unit sales.

DarbeeVision Inc. founder Paul Darbee died last week. He founded the Santa Ana-based digital image enhancing company DarbeeVision in 2009. Darbee was experimenting with video cameras in the early 1970s when he stumbled upon an effect called Darbee Visual Presence that essentially sharpens camera images. In 1985, he created the universal remote control and also was one of the cofounders of Universal Electronics. The Santa Ana-based company makes software and wireless chips and devices for home entertainment uses.

The Orange County Visitors Association made a splash in the heart of New York’s tourism trade. A beach photo used on many of the group’s marketing materials was featured on a 35-foot-by-32.5-foot webcam. The promotion also announced an OCVA sales mission to China set to begin Oct. 10 in Beijing. A group of about 15 delegates will be in China for a 10-day business trip meeting with the press, tour operators and other business travel executives.

A study of whether to add toll lanes to Interstate 405 in Orange County will continue. The controversial lanes are projected to raise $1.5 billion over 30 years. Some government officials in western OC have opposed the lanes, saying they would be a financial strain on local governments and businesses and basically tax commuters. The board of the Orange County Transportation Authority voted to further research the lanes, which would replace carpool lanes and are being considered to reduce traffic congestion and generate money for freeway maintenance.

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