Stories for April 2014

Wednesday, April 30

Avanir Surges on Patent Ruling

Aliso Viejo-based Avanir Pharmaceuticals Inc.’s stock shot up today after a federal court ruled in its favor in a patent lawsuit against two potential generic competitors.

Tease photo

Mixed Quarter for WD

Irvine-based disk drive maker Western Digital Corp. on Wednesday reported March quarter revenue in line with Wall Street estimates and net income that beat expectations.

Tease photo

Midday Stock Roundup

The S&P 500 rose 0.15% to 1,881.17 in afternoon trading Wednesday.

Tease photo

Advantage Sales & Marketing Buys in N.Y.

Advantage Sales & Marketing LLC in Irvine said it has acquired StoreBoard Media LLC in New York on undisclosed terms.

Tease photo

Retail Roundup: Zov's Set for Anaheim, Taps Founder Busy

Tustin-based Zov’s is set to open a 4,000-square-foot-restaurant in Anaheim this summer.

Tease photo

JWA Gets PreCheck Application Center

An application center for an expedited screening program at John Wayne Airport has opened in Terminal C.

Tease photo

Tuesday, April 29

JWA Gets PreCheck Application Center

An application center for an expedited screening program at John Wayne Airport has opened in Terminal C.

Tease photo

Bloomberg: Allergan Looking at Sale

Irvine-based drug maker Allergan Inc. has contacted Johnson & Johnson and France’s Sanofi SA to see if either company would be interested in buying it, according to a Bloomberg report.

Tease photo

Midday Stock Roundup

The S&P 500 rose 0.49% to 1,878.64 in afternoon trading Tuesday.

Tease photo

Allergan Eyeing Shire?

Irvine-based drug maker Allergan Inc. is considering a bid for Shire plc as a possible way to thwart a hostile takeover by Valeant Pharmaceuticals International Inc., according to reports.

Tease photo

Questcor Sales Up, Still Misses Estimates

Questcor Pharmaceuticals Inc. notched increases in sales and profit in the first quarter on growing demand for its flagship H.P. Acthar Gel product, the company reported on Monday after the close of the stock market.

Tease photo

Former Allergan Exec to Alphaeon

Newport Beach lifestyle healthcare startup Alphaeon Corp. said it named Bob Rhatigan chief operating officer.

Tease photo

Kia, Yokohama Latest to Cut Ties with Clippers

Kia Motors America Inc. and Fullerton-based Yokohama Tire Corp. are the latest companies to cut ties with the Los Angeles Clippers in the wake of owner Donald Sterling’s alleged racist rant caught on tape.

Tease photo

Del Taco Refinances $260M in Debt

Lake Forest-based fast food chain Del Taco Holdings Inc. said on Tuesday that it refinanced about $260 million in debt in exchange for a lower interest rate.

Tease photo

Toyota's Design, Racing Units to Stay Local

Two local units of Toyota Motor Sales USA Inc. are expected to stay in Orange County following the automaker's announcement Monday that it will move its headquarters from Torrance to Texas.

Tease photo

Monday, April 28

Toyota's Design, Racing Units to Stay Local

Two local units of Toyota Motor Sales USA Inc. are expected to stay in Orange County following the automaker's announcement Monday that it will move its headquarters from Torrance to Texas.

Tease photo

Kia, Yokohama Latest to Cut Ties with Clippers

Kia Motors America Inc. and Fullerton-based Yokohama Tire Corp. are the latest companies to cut ties with the Los Angeles Clippers in the wake of owner Donald Sterling’s alleged racist rant caught on tape.

Tease photo

Allergan Eyeing Shire?

Irvine-based drug maker Allergan Inc. is considering a bid for Shire plc as a possible way to thwart a hostile takeover by Valeant Pharmaceuticals International Inc., according to reports.

Tease photo

Questcor Sales Up, Still Misses Estimates

Questcor Pharmaceuticals Inc. notched increases in sales and profit in the first quarter on growing demand for its flagship H.P. Acthar Gel product, the company reported after the close of the stock market.

Tease photo

Former Allergan Exec to Alphaeon

Newport Beach lifestyle healthcare startup Alphaeon Corp. said it named Bob Rhatigan chief operating officer.

Tease photo

Midday Stock Roundup

The S&P 500 fell 0.04% to 1,862.62 in afternoon trading Monday.

Tease photo

Opus Bank Profit, Lending Up in Q1

Irvine-based Opus Bank announced first-quarter profit of $13.3 million, up about 85% from the same period a year earlier.

Tease photo

Irvine Healthcare Startup Raises $125M

Irvine-based Alignment Healthcare LLC has raised $125 million in committed funds from General Atlantic, a global private investment firm based in Greenwich, Conn.

Tease photo

Sanuk Efforts to Broaden Customer Base Continue

Irvine-based footwear maker Sanuk’s international sales slowed for the quarter ended in March, leading to a slight decline in overall sales.

Tease photo

Vans Leads for Parent in Q1

Cypress-based skate shoe and apparel company Vans Inc. was the top performer for its parent in the first quarter.

Tease photo

Allergan HQ in Line for Brunt of Cuts Under Valeant Deal

ECONOMY: R&D furloughs most likely if $47B sale goes through

Steep cutbacks in the research and development staff of Allergan Inc. would likely be the most immediate local byproduct of the Irvine-based drug maker’s $47 billion sale to Valeant Pharmaceuticals International Inc. if the hostile takeover comes to pass.

Another Push for Profitability

Wet Seal Set to Pull Plug on Arden B Chain

Kathy Bronstein might be Wet Seal Inc.’s biggest cheerleader—despite walking away from the teen retailer’s board just a few weeks ago.

Deal Days

M&A Was Already Off to a Hot Start in OC This Year— Then Came the Allergan Bid

Orange County’s diverse business landscape is “helping create the wave” that could make 2014 the biggest year for mergers and acquisitions here and nationally in more than a decade.

Aon Taps OC Exec for Ergonomics Post

Aon Global Risk Consulting has hired local insurance industry veteran Scott Smith for the new position of director of its Newport Beach-based ergonomics division.

Upscale Gym Debuts Here as Chain’s Entree Into West

SERVICES: Life Time Enters LA, 24 Hour Fitness Territory

Life Time Fitness Inc. has entered the California market with a bang, opening the largest health club in Orange County.

First Foundation in Irvine Files for IPO

Irvine-based financial services company First Foundation Inc. filed for an initial public offering of its common stock.

BJ’s Makes Deal With Activist Investors

Huntington Beach-based casual dining operator BJ’s Restaurants Inc. struck a deal with two activist investors that includes three board nominees, one new director’s seat, and a $50 million share repurchase program.

Laguna Hills Mall Redo Likely to Change

Merlone Geier Partners is going back to the drawing board with its redevelopment plans for Laguna Hills Mall, now that it acquired rights to the space currently occupied by Sears.

Dates for Annual BlizzCon Event Set

Irvine-based video game maker Blizzard Entertainment will hold its annual fanfest Nov. 7 and 8 at the Anaheim Convention Center.

PHILANTHROPY--Week of April 28

More than 300 business and community leaders attended the 15th annual Orange County Council, Boy Scouts of America Men of Character Dinner on April 9 at the Irvine Marriott.

ADDENDUM--Week of April 28

Foothill Ranch-based fashion retailer Wet Seal Inc. said it plans to begin a process to eventually close its contemporary Arden B division and allow it to put more resources into a turnaround bid for its larger namesake chain.

Calendar--Week of April 28

4.28.14

This week's business and other event listings.

Blizzard’s Own Get in the Game With Reality Series

Web Show Centers on Ultimate Chopper Bike

They’ve helped create one of Blizzard Entertainment Inc.’s bestsellers, and now some of their top executives of the Irvine-based video game maker are starring in a reality show of their own.

OC Could Become Stem Cell Concentration Down Road

Head of Startup Says Some Interested in Spinoffs

A concentration of stem-cell-related companies may eventually grow out of work at the University of California-Irvine, but one of the institution’s pioneer researchers expects it to take a while to come to fruition.

Emulex, Broadcom May Be Near Peace in Old Fight

New Agreement Hoped to Resolve IP Dispute

The long-standing legal feud between Emulex Corp. and Irvine-based chipmaker Broadcom Corp. appears to be over.

RREEF Owners Back to Buying OC Office Properties

Deutsche Asset & Wealth Pays $20.4M for Center

German investment giant Deutsche Asset & Wealth Management, one of Orange County’s larger office owners, has made its first local real estate purchase in seven years.

Computer Products Makers Increase Local Employment

4.7% Jump Reverses Loss; 5 Add, 8 Cut, 2 Flat

The largest computer products makers in Orange County posted strong employment gains during the past year as local acquisitions helped fuel growth.

Software Makers Continue Streak of Job Gains

Add 223 Local Positions for Biggest Jump in 3 Years

Orange County’s largest software makers added 223 jobs in the past year, up 2.8% from a year ago.

Tech Consultant in $2 Million Marketing Campaign

MARKETING: Changes name, seeks new ad shop for next phase

Richard Heard wants to make sure the new name of the company he heads up resonates with customers—and he’s looking for an ad agency to handle a $2 million marketing budget.

GG Fronts 12 Acres, $50M in Bonds for Hotel

REAL ESTATE: Plans include 603-room hotel, water park

The development of a hotel and water park that’s been four years in the making on Harbor Boulevard in Garden Grove is set to move ahead following a land transfer and a new investor in the development.

Ackman’s Look; Pearson’s Push; Pyott’s Propriety

Has anyone looked more the part of the 1980s corporate raider than Bill Ackman as he circles Allergan as a main character in Valeant Pharmaceuticals’ $47 billion hostile bid for the Irvine-based drug maker?

Taco Bell Aims Here, There and Higher for $14B Benchmark

RESTAURANTS: Doubling revenue is ‘Bold Goal’ under new structure

It will take a lot of tacos—even with the newfangled breakfast Waffle Taco—to add billions in sales under Taco Bell Corp.’s “Bold Goal” of doubling revenue to upward of $14 billion over the next decade.

Momentum on New Commercial Development

Commercial property under construction in Orange County at the end of the fourth quarter totaled nearly 2.8 million square feet.

Real Estate Deals

A family trust sold a retail and office building in Orange for $2.4 million to Ethanson Investments LLC.

Friday, April 25

Vans Leads for Parent in Q1

Cypress-based skate shoe and apparel company Vans Inc. was the top performer for its parent in the first quarter.

Tease photo

Broadcom Q1 Report Beats Estimates

Irvine-based chipmaker Broadcom Corp. on Thursday reported first-quarter revenue and earnings that beat Wall Street expectations and provided a revenue target for the current quarter in line with estimates.

Tease photo

Microsemi’s March Quarter Meets Expectations

Aliso Viejo-based chipmaker Microsemi Corp. on Thursday reported March quarter earnings in line with Wall Street expectations.

Tease photo

Midday Stock Roundup

The S&P 500 fell 0.70% to 1,865.55 in afternoon trading Friday.

Tease photo

Wet Seal to Shutter Arden B

Foothill Ranch-based fashion retailer Wet Seal Inc. said Friday it plans to begin a process that will eventually close its contemporary Arden B division and allow it to put more resources into a turnaround bid for its larger namesake chain.

Tease photo

Volcom Business Up, Sees Strength in Europe

Costa Mesa-based Volcom Inc.’s business gained momentum during the first quarter.

Tease photo

Thursday, April 24

Volcom Business Up, Sees Strength in Europe

Costa Mesa-based Volcom Inc.’s business gained momentum during the first quarter.

Tease photo

Broadcom Q1 Report Beats Estimates

Irvine-based chipmaker Broadcom Corp. on Thursday reported first-quarter revenue and earnings that beat Wall Street expectations and provided a revenue target for the current quarter in line with estimates.

Tease photo

Microsemi’s March Quarter Meets Expectations

Aliso Viejo-based chipmaker Microsemi Corp. on Thursday reported March quarter earnings in line with Wall Street expectations.

Tease photo

Midday Stock Roundup

The S&P 500 rose 0.28% to 1,880.66 in afternoon trading Thursday.

Tease photo

Ingram Micro Misses on Q1 Profit

Santa Ana-based Ingram Micro Inc. on Wednesday reported first-quarter revenue in line with Wall Street expectations and adjusted profit below estimates.

Tease photo

JWA Overall Traffic Up, International Down

John Wayne Airport served 776,360 passengers in March, up about 1% from the year-ago period.

Tease photo

Laguna Hills Mall Owner to Redo Redevelopment Plans

Merlone Geier Partners is going back to the drawing board with its redevelopment plans for the Laguna Hills Mall now that it has acquired rights to the space currently occupied by Sears.

Tease photo

Preferred Hotel Grows Membership in Q1

Preferred Hotel Group ended the first quarter with the addition of 29 hotels to its membership roster.

Tease photo

Kaiser Aluminum Earnings Up for Q1

Kaiser Aluminum Corp. reported first-quarter earnings of $0.85 per share after market hours Wednesday, coming in slightly above analyst estimates of $0.81 to $0.82.

Tease photo

Pacific Premier Grows Assets, Profits in Q1

Irvine-based Pacific Premier Bancorp Inc. reported net income of $2.6 million for the first quarter, a 33% increase from the same period a year earlier.

Tease photo

Wednesday, April 23

Kaiser Aluminum Earnings Up for Q1

Kaiser Aluminum Corp. reported first-quarter earnings of $0.85 per share after market hours Wednesday, coming in slightly above analyst estimates of $0.81 to $0.82.

Tease photo

Laguna Hills Mall Owner to Redo Redevelopment Plans

Merlone Geier Partners is going back to the drawing board with its redevelopment plans for the Laguna Hills Mall now that it has acquired rights to the space currently occupied by Sears.

Tease photo

Pacific Premier Grows Assets, Profits in Q1

Irvine-based Pacific Premier Bancorp Inc. reported net income of $2.6 million for the first quarter, a 33% increase from the same period a year earlier.

Tease photo

JWA Overall Traffic Up, International Down

John Wayne Airport served 776,360 passengers in March, up about 1% from the year-ago period.

Tease photo

Mixed Q1 for Ingram Micro

Santa Ana-based Ingram Micro Inc. on Wednesday reported first-quarter revenue in line with Wall Street expectations and adjusted profit below estimates.

Tease photo

Preferred Hotel Grows Membership in Q1

Preferred Hotel Group ended the first quarter with the addition of 29 hotels to its membership roster.

Tease photo

Midday Stock Roundup

The S&P 500 fell 0.12% to 1,877.28 in afternoon trading Wednesday.

Tease photo

Allergan Adopts Poison Pill Defense

Irvine-based drug maker Allergan Inc. has adopted a stockholder rights plan in response to a hostile takeover bid by Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman.

Tease photo

Banc Buys Popular Community’s California Branches

Irvine-based Banc of California Inc. has agreed to buy the California branch network of Popular Community Bank for $5.4 million.

Tease photo

Blizzcon 2014 Date Set

Irvine-based video game maker Blizzard Entertainment will hold its annual fanfest November 7 and 8 at the Anaheim Convention Center.

Tease photo

Taco Bell Q1 Sales Flat

Sales for Irvine-based Taco Bell Corp. were flat for the quarter ended March 22.

Tease photo

Tuesday, April 22

Bid for Allergan Now ‘Hostile’

Valeant Pharmaceuticals International Inc. will take its bid for Allergan Inc. directly to the Irvine-based drug maker’s shareholders.

Tease photo

Taco Bell Q1 Sales Flat

Sales for Irvine-based Taco Bell Corp. were flat for the quarter ended March 22.

Tease photo

Blizzcon 2014 Date Set

Irvine-based video game maker Blizzard Entertainment will hold its annual fanfest November 7 and 8 at the Anaheim Convention Center.

Tease photo

Midday Stock Roundup

The S&P 500 rose 0.64% to 1,883.86 in afternoon trading Tuesday.

Tease photo

Valeant Sets Bid at $47B

Valeant Pharmaceuticals Inc., an unsolicited suitor of Irvine-based drug maker Allergan Inc., has set its bid for the acquisition at $47 billion.

Tease photo

BJ's Strikes Deal With Activist Investors

Huntington Beach-based casual dining operator BJ's Restaurants Inc. said Tuesday it struck a deal with two activist investors that includes three new board nominees, one new director’s seat, and a $50 million share repurchase program.

Tease photo

Monday, April 21

Allergan Subject of Takeover Bid

Shares of Irvine-based drug maker Allergan Inc. jumped in after-hour trading today on reports of a takeover offer by Valeant Pharmaceuticals International Inc. and activist investor William Ackman.

Tease photo

Private Companies Wanted for Annual List

SPECIAL ISSUE: List will be centerpiece of June 23 edition

The Business Journal is preparing its annual list of privately owned companies for publication in June.

Tease photo

Q1 Profit Up for Cal Republic Bank

Irvine-based California Republic Bancorp announced first-quarter earnings of $3 million, compared with about $82,000 in the year-earlier period.

Tease photo

Midday Stock Roundup

The S&P 500 rose 0.25% to 1,869.57 in afternoon trading Monday.

Tease photo

First Foundation Files for IPO

Irvine-based financial services company First Foundation Inc. has filed for an initial public offering of its common stock.

Tease photo

HB Tray Manufacturer to Build Facility in N.C.

Huntington Beach-based Cambro Manufacturing, maker of plastic products for the food services industry, has announced plans to build a facility in North Carolina in an investment that’s expected to top $30 million.

Tease photo

Firm Snags Boeing Work for Military Radios

MANUFACTURING: Plans to build components in Santa Ana

A Santa Ana-based manufacturer has landed a multimillion-dollar contract to supply key electrical components for specialized radios made by Boeing Co. in Huntington Beach for military search-and-rescue missions.

OC Office Sales Pass $400 Million Mark in First Quarter

First Time Milestone Met Here in Seven Years

The recent $129 million sale of the Griffin Towers office complex in Santa Ana capped off a memorable period for big-dollar office sales in Orange County.

South Orange County Commercial Sector Slows in Q4

Overall activity in the South Orange County commercial market slowed in the fourth quarter, recording negative net absorption of 82,264 square feet.

Toshiba America Pays Up in Price-Fixing Settlement

Company Says It Did No Wrong, Ponies Up $7.4M

Toshiba Corp. and its North American chip and memory products unit based in Irvine paid $7.4 million as part of a $310 million settlement claim in a class-action lawsuit that alleged price fixing on one of the most common types of memory components.

Analysts Downplay Covidien Aneurysm Devices Recall

Coating Could Come Off, Lead to Stroke or Death

Covidien PLC’s voluntary recall of more than 600 Orange County-manufactured aneurysm devices will be a slight hit on its top line, according to industry watchers.

Local Companies Use Reality TV Show to Spot Talent

Johnny Rockets, Mazda Do ‘Inside Job’ on TNT

Two local companies—Aliso Viejo-based hamburger franchise Johnny Rockets Restaurant Group Inc. and Mazda North American Operations in Irvine—were featured in TNT’s “Inside Job” reality series.

OC Fourth in Country for $1M-Plus Home Listings

Behind Only SF, Fairfield Co., Conn., San Jose

Almost one out of every four Orange County homesellers is seeking $1 million or more for their properties, according to the quarterly Orange County Real Estate Market Update compiled by Newport Beach-based Surterre Properties Inc. and released March 25.

CFO Role Widening, Businesses Need Help Filling It

Search Firms Busy Looking for Harder-to-Find Candidates

Executive search firms in Orange County that specialize in placing finance chiefs are getting stronger demand for their services.

Q&A: Weighing the Value of Human Capital

Reporter Jane Yu asked a group of local chief financial officers—among the latest recipients of the Business Journal’s CFO of the Year Awards—how human capital relates to corporate performance and growth. How do companies measure human capital, and how do they assess returns on investment? The CFOs also addressed their plans for human-capital investments. Here are their edited responses.

ADDENDUM -- Week of April 21

Adventure City amusement park is adding a roller coaster that’s scheduled to open late summer. Rewind Racers, a $2 million coaster, will move both backward and forward. The two-acre park straddles the Stanton and Anaheim city line.

Infiniti Dealer Ranks High Statewide Despite Remodel

AUTOS: Will add office, service space; project required by brand

Good customer service can trump construction noise, traffic, dust and all other nuisances that go along with a $2 million remodel—just ask Infiniti of Mission Viejo’s sales force.

Sonata Will Have In-Car Apple System

Fountain Valley-based Hyundai Motor America Inc. said its 2015 model Sonata sedan will feature Apple Inc.’s new in-car system.

Rakuten Brand on New Credit Card

The parent of Aliso Viejo-based e-commerce company Rakuten.com Shopping launched a credit card for its U.S. subsidiary.

MSC Software Wins $26.1M Judgment

A Newport Beach-based software manufacturer won a $26.1 million judgment in an intellectual property dispute with a Michigan company.

Hitachi Solutions Acquires S.C. Company

Irvine-based Hitachi Solutions America Ltd. bought Customer Effective in South Carolina on undisclosed terms.

$89 Million for LH Apartments

REAL ESTATE: $247,000 per unit for 16-acre complex near 5

The sale of a 360-unit apartment complex in Laguna Hills looks to be the priciest multifamily transaction seen in Orange County so far this year.

Apartment Investor Buys Laguna Niguel Business Park

REAL ESTATE: $4.7M per acre for site entitled for residential

A Phoenix-based apartment investor has paid a reported $24.1 million for a four-building business park in Laguna Niguel that was recently entitled for a multifamily project.

Aerospace, Defense Contractors Back to Even on Jobs Here

Reverse Employment Dip, Adding 147 Local Jobs

Employment at Orange County’s largest aerospace and defense contractors was about flat over the past 12 months, an improvement from slight job loss last year.

Hueston’s Haul; Thank You, Ladies; Star Power for Hoag

Put local lawyer John Hueston of Irell & Manella somewhere around the front of the line on Texas-based Anadarko Petroleum Corp.’s recent agreement to pay $5.15 billion to settle claims of 85 years’ worth of environmental damage caused across the U.S. by its Kerr-McGee subsidiary.

Stem Cell Deal Puts Manufacturing Might on Keirstead’s Side

HEALTHCARE: Pioneer’s startup to operate here as unit of N.Y. owner

Manufacturing is the key to the vast potential of stem cells.

2600 Michelson Hits Market in Search of 9-Figure Price Tag

REAL ESTATE: Days of distress over; seller could get $340 PSF

The 2600 Michelson tower in Irvine has hit the sales market, the latest local office property expected to sell for more than $100 million.

Another Walk Down Green Carpet

Film Festival in 15th Year; Fuels Economic Activity

The Newport Beach Film Festival kicks off April 24. The event, which is in its 15th year, has attracted film aficionados with its multigenre slate of studio and independent films from emerging and seasoned filmmakers from around the world.

Vans’ Action Man

Bailey to Run 3 VF Brands as Part of Newly Formed Group

Action sports might be the equivalent of a four-letter word for some apparel brands these days as everything from music and street influences encroach on the segment’s traditional territory.

real estate deals

A family trust sold an apartment complex in Fullerton to Tydajer Enterprises LLC for $4.2 million.

OCBJ calendar

April 21, 2014

This week's business and other event listings.

Friday, April 18

HB Tray Manufacturer to Build Facility in N.C.

Huntington Beach-based Cambro Manufacturing, maker of plastic products for the food services industry, has announced plans to build a facility in North Carolina in an investment that’s expected to top $30 million.

Tease photo

OC Jobless Rate Down to 5.8%

Orange County’s economy added 3,500 jobs in March, when the unemployment rate dipped to 5.8% from 5.9% the month prior and 6.4% a year earlier.

Tease photo

Allergan Acquires Dermal Filler Candidate

Irvine-based Allergan Inc. acquired a dermal filler candidate from Menlo Park-based incubator TauTona Group.

Tease photo

Acacia Shares Fall on Q1 Report

Shares of Acacia Research Corp. fell in after-hours trading Thursday after the Newport Beach-based company reported first quarter revenue and adjusted profits that widely missed Wall Street expectations.

Tease photo

Irvine Call-Center Operator Expands Into Honduras

Irvine-based call-center operator Alorica Inc. is opening an office in Honduras to support increasing business opportunities there.

Tease photo

Midday Stock Roundup

The markets are closed today in observance of Good Friday.

Tease photo

Thursday, April 17

Fisker Appoints Interim President

Costa Mesa-based Fisker Automotive Inc. named Roger Brown interim president of the luxury hybrid automaker.

Tease photo

Irvine Call-Center Operator Expands Into Honduras

Irvine-based call-center operator Alorica Inc. is opening an office in Honduras to support increasing business opportunities there.

Tease photo

Allergan Acquires Dermal Filler Candidate

Irvine-based Allergan Inc. said today that it acquired a dermal filler candidate from Menlo Park-based incubator TauTona Group.

Tease photo

Acacia Shares Fall on Q1 Report

Shares of Acacia Research Corp. fell in after-hours trading Thursday after the Newport Beach-based company reported first quarter revenue and adjusted profits that widely missed Wall Street expectations.

Tease photo

Midday Stock Roundup

The S&P 500 rose 0.33% to 1,868.39 in afternoon trading Thursday.

Tease photo

OC Sees Rise in VC Money for Q1

Orange County companies drew $188.2 million in venture capital funding in the first quarter, a 29% increase from the year-earlier period.

Tease photo

Redesigned Kia Sedona Debuts

Irvine-based Kia Motors America Inc. unveiled its redesigned Sedona minivan this week at the New York International Auto Show.

Tease photo

Wednesday, April 16

Midday Stock Roundup

The S&P 500 rose 0.62% to 1,854.33 in afternoon trading Wednesday.

Tease photo

Opus Sets IPO at $30 Per Share

Opus Bank has priced its initial public offering of common stock at $30 a share.

Tease photo

OC Auto Sales Hit $10B in 2013

Automotive dealers in Orange County combined for $10 billion in sales last year, an 11% increase over 2012, according to the Newport Beach-based Orange County Automobile Dealers Association’s 2013 Economic Impact Report.

Tease photo

Apparel Maker Inks Deal for China Factory

Lake Forest-based private label apparel maker 3D Industries said it partnered with a new factory in China.

Tease photo

Hyundai Sonata to Get Apple CarPlay System

Fountain Valley-based Hyundai Motor America Inc. said its 2015 model year Sonata sedan will feature Apple Inc.'s new in-car app system.

Tease photo

New CMO for Vans

Cypress-based Vans Inc. has hired Fara Howard as its new global vice president of marketing.

Tease photo

Tuesday, April 15

Opus Sets IPO at $30 Per Share

Opus Bank has priced its initial public offering of common stock at $30 a share.

Tease photo

OC Auto Sales Hit $10B in 2013

Automotive dealers in Orange County combined for $10 billion in sales last year, an 11% increase over 2012, according to the Newport Beach-based Orange County Automobile Dealers Association’s 2013 Economic Impact Report.

Tease photo

Midday Stock Roundup

The S&P 500 fell 0.56% to 1,820.30 in afternoon trading Tuesday.

Tease photo

Irvine Snack Maker Brings President from Japan

Irvine-based confectionary company Ezaki Glico USA Corp. has named Shunsuke Nakai its new president.

Tease photo

Plaza Bank Profit Up in Q1

Irvine-based Plaza Bank reported first-quarter net income of $1.7 million, a 36% increase from the year-earlier period.

Tease photo

Monday, April 14

Irvine Snack Maker Brings President from Japan

Irvine-based confectionary company Ezaki Glico USA Corp. has named Shunsuke Nakai its new president.

Tease photo

California Stem Cell to Be Bought by NeoStem

Irvine-based California Stem Cell Inc. said today that it was being acquired by NeoStem Inc. in a stock and cash deal that potentially could be worth $124 million.

Tease photo

Midday Stock Roundup

The S&P 500 rose 0.76% to 1,829.40 in afternoon trading Monday.

Tease photo

Edwards Rises on CoreValve Ruling

Irvine-based heart valve maker Edwards Lifesciences Corp. shot up on Monday after it said that a U.S. District Court judge granted a preliminary injunction on rival Medtronic Inc.'s CoreValve in the U.S.

Tease photo

Allergan Additions Expected Near Irvine Campus

REAL ESTATE: Said close on buys of 2 buildings for 68,500 SF

Allergan Inc. is nearing a deal to buy a pair of office properties across the street from its headquarters in Irvine, according to real estate sources.

Commercial Printers Grow Revenue 4% to $558.7M

Top of List Little Changed, Mergers in Bottom Half

Orange County-based commercial printers brought in $558.7 million in revenue last year, a 3.9% increase over 2012, according to this week’s Business Journal list.

Company Fuels Growth on Nuclear Energy Waste

SERVICES: WWII leavings, disasters give it valuable foothold

A little-known Irvine company that played a key role in stabilizing a contaminated nuclear power plant in Japan after the earthquake and tsunami three years ago is hunting for more acquisitions to capitalize on a stream of new opportunities.

Ad Agencies’ Revenues Up 5.7% on Client Spending

Top Agency With $57.9M, Jobs Up 4.4% to 1,713

Orange County’s advertising agencies posted an estimated 5.7% gain in revenue last year as clients opened their wallets on marketing budgets.

OCBJ calendar

This week's business and other event listings.

real estate deals

Speech Pathology Associates Inc. signed a lease renewal and extension at 4010 Barranca Parkway in Irvine.

Healthcare Startup to Move Into Lakeshore Towers

REAL ESTATE: Alphaeon’s plan counts on cash-pay lines

Alphaeon Corp., a startup lifestyle healthcare company that’s gotten notice as a potential candidate for an initial public offering later this year, has signed a deal to move its growing operations to the Lakeshore Towers office complex in Irvine.

New Private Equity Firm Raises $10M

Recently formed private equity firm Lotus Innovations LLC has raised $10 million for its first fund, which focuses on early-stage information technology companies.

New Arrival Aims to Grow on OC Lifesciences Sectors

SERVICES: Sets engineering, construction base in Irvine

IPS-Integrated Project Services Inc., a multinational engineering and construction firm, is betting on Orange County’s host of medical device and drug makers to stir business opportunities and provide a base for its West Coast expansion.

Can OC Cash Carry Kashkari? LT’s High-Low Split

The so-called smart money says Jerry Brown is unbeatable

Flag is Up for 5.11

Nascar Deal Part of Apparel Maker’s Race for Growth

5.11 Tactical is in for a wild ride.

Executives With Endurance

Company Leaders Use Skills on Marathon Route

Cary Hyden, chairman of law firm Latham & Watkins LLP’s corporate department, had been working around the clock for 18 days on an initial public offering when he paused to travel to the New Orleans Rock ‘n’ Roll Marathon.

Big Data Can Be Game Changer With Help

MARKETING: More companies seek analysis to pinpoint messages

The advertising world was much simpler in the 1800s, when industry pioneer John Wanamaker famously said, “Half the money I spend on advertising is wasted; the trouble is I don’t know which half.”

Questcor Expected to Stay After $5.6B Sale

HEALTHCARE: Anaheim company to continue operations as own unit

It appears that the local operations of Questcor Pharmaceuticals Inc. would remain intact in the wake of Mallinckrodt PLC’s $5.6 billion proposed buyout of the Anaheim-based drug maker—the largest deal so far in what’s shaping up to be a busy year for mergers and acquisitions involving Orange County-based companies.

Placentia Infill Home Site Approved, Goes to Market

HQT Homes Planned 78 Houses at Former Farm

Schaner Ranch, an 8-acre infill site in Placentia recently approved for home development, is on the sales block.

Mid-Counties Industrial Market Picks Up Steam in Fourth Quarter

Fourth-quarter gross activity for the Mid-Counties industrial market was nearly 1.7 million square feet, a 2.5% increase over the 1,637,496 square feet recorded in the fourth quarter of 2012.

Space Tech Expo Draws OC Contingent for LB Run

Aerospace Electronics Show Full of Opportunities

Several Orange County technology companies drummed up new business leads and met with key customers at the world’s only expo dedicated to onboard aerospace electronics.

Edwards Gets European Clearance for Heart Valve

Says More Can Get Less Invasive Procedure Now

Irvine-based Edwards Lifesciences Corp.’s run of good news continued this month.

Behr TV Spots Tout Marquee Paint Brand as Premium

Ads Promote Marquee Paint as Quick Application

Behr Process Corp. in Santa Ana is running a new 30-second TV spot, “Upstairs/Downstairs,” to promote its Marquee Interior Paint & Primer.

PHILANTHROPY -- Week of April 14

The Juvenile Diabetes Research Foundation hosted its annual JDRF Dream Gala, “Let’s Misbehave!”, on March 29 at the St. Regis Monarch Beach Resort in Dana Point. More than 500 of Orange County’s leading business executives, philanthropists and donors raised more than $1 million net for diabetes research.

ADDENDUM--Week of April 14, 2014

Boeing Co. is adding about 1,000 engineering positions in Seal Beach and Long Beach in the next two years as part of a companywide consolidation plan to meet the global demand for new aircraft production and related support. The hires are part of an effort to centralize its commercial airline support program at the Boeing Commercial Airplanes Engineering Design Center that stretches across the two coastal cities. Some of the positions will be moved from the Seattle area, and some will be filled by Boeing employees who stand to be affected by the upcoming closure of the C-17 program in Long Beach. There also will be some new hires, including recent college graduates, according to Boeing.

Clean-Tech Company Raises $9.2 Million

Irvine-based clean technology company Newlight Technologies, which converts greenhouse gases into plastics, has raised $9.2 million in its latest funding round.

Vans President Promoted, Adds Duties

The parent of Cypress-based Vans Inc. promoted the skate shoe company’s president.

Aliso Viejo Device Maker Gets $20M

Aliso Viejo-based medical device maker Sequent Medical Inc. raised $20 million in venture capital funding.

Advantage Sales to Go on Auction Block?

The parent of Irvine-based Advantage Sales & Marketing was looking into a sale of the company in a deal that could range from $3 billion to $4 billion, according to a Reuters report.

Apartment Boom Helped Fuel Opus Bank’s Rise

FINANCE: Biggest in assets gives details in IPO filing

Add Irvine-based Opus Bank to the list of local landlords, developers, land owners and other companies benefiting from the red-hot apartment market of recent years.

Friday, April 11

Midday Stock Roundup

The S&P 500 fell 0.57% to 1,822.67 in afternoon trading Friday.

Tease photo

Boeing to Bring 1,000 Jobs to Seal Beach, LB

Boeing Co. is adding about 1,000 engineering positions in Seal Beach and Long Beach in the next two years as part of companywide consolidation plan to boost efficiencies and meet the global demand for new aircraft production and related support.

Tease photo

Big Meeting Group from China Books Anaheim

Some 7,000 visitors from China are expected to attend a conference at the Anaheim Convention Center in May.

Tease photo

Rakuten Launches U.S. Credit Card

The parent of Aliso Viejo-based e-commerce company Rakuten.com Shopping has launched a new credit card for its U.S. subsidiary.

Tease photo

Thursday, April 10

Boeing to Bring 1,000 Jobs to Seal Beach, LB

Boeing Co. is adding about 1,000 engineering positions in Seal Beach and Long Beach in the next two years as part of companywide consolidation plan to boost efficiencies and meet the global demand for new aircraft production and related support.

Tease photo

Big Meeting Group from China Books Anaheim

Some 7,000 visitors from China are expected to attend a conference at the Anaheim Convention Center in May.

Tease photo

Report: Advantage Sales & Marketing On Sales Block

The parent of Irvine-based Advantage Sales & Marketing is looking into a sale of the company in a deal that could approach $4 billion, according to a Reuters report.

Tease photo

Johnny Rockets Continues Growth Push

Restaurant openings for Aliso Viejo-based Johnny Rockets Group Inc.’s chain continue, with a new franchise deal struck for Hawaii and Guam and growth plans for Texas.

Tease photo

Midday Stock Roundup

The S&P 500 fell 1.63% to 1,841.67 in afternoon trading Thursday.

Tease photo

Wednesday, April 9

Johnny Rockets Continues Growth Push

Restaurant openings for Aliso Viejo-based Johnny Rockets Group Inc.’s chain continue, with a new franchise deal struck for Hawaii and Guam and growth plans for Texas.

Tease photo

Report: Advantage Sales & Marketing On Sales Block

The parent of Irvine-based Advantage Sales & Marketing is looking into a sale of the company in a deal that could approach $4 billion, according to a Reuters report.

Tease photo

Midday Stock Roundup

The S&P 500 rose 0.34% to 1,858.29 in afternoon trading Wednesday.

Tease photo

Q1 Profit Up for Subprime Auto Lender

Shares of Irvine-based automobile financing company Consumer Portfolio Services Inc. jumped more than 8% in morning trading on an announcement of better-than-expected first-quarter financial results, reaching a market value of about $185 million.

Tease photo

Tuesday, April 8

Midday Stock Roundup

The S&P 500 rose 0.24% to 1,849.55 in afternoon trading Tuesday.

Tease photo

Vans President Promoted

The parent of Cypress-based Vans Inc. said it has promoted the skate shoe company's president.

Tease photo

Bronstein Resigns From Wet Seal Board

Foothill Ranch-based teen and contemporary retailer Wet Seal Inc. said Monday that Kathy Bronstein has resigned and that it has eliminated two seats from its board.

Tease photo

Pac Merc Gets New CCO

Costa Mesa-based Pacific Mercantile Bancorp has named Robert Stevens chief credit officer of the company and its Pacific Mercantile Bank subsidiary.

Tease photo

Sequent Medical Raises $20M

Aliso Viejo-based medical device maker Sequent Medical Inc. has raised $20 million in venture capital funding.

Tease photo

Monday, April 7

Pac Merc Gets New CCO

Costa Mesa-based Pacific Mercantile Bancorp has named Robert Stevens chief credit officer of the company and its Pacific Mercantile Bank subsidiary.

Tease photo

Bronstein Resigns From Wet Seal Board

Foothill Ranch-based teen and contemporary retailer Wet Seal Inc. said Monday that Kathy Bronstein has resigned and that it has eliminated two seats from its board.

Tease photo

Midday Stock Roundup

The S&P 500 was off 0.91% to 1,848.10 in afternoon trading Monday.

Tease photo

Questcor Agrees to $5.6B Bid

Anaheim-based Questcor Pharmaceuticals Inc. has agreed to be acquired by drug maker Mallinckrodt plc in Ireland for $5.6 billion.

Tease photo

JWA February Traffic Up Nearly 3%

Passenger traffic at John Wayne Airport in February rose 2.9% compared to a year earlier to 671,858, according to recently released data.

Tease photo

Irvine Clean-Tech Company Raises $9.2M

An Irvine-based clean technology company that converts greenhouse gases into plastics has raised $9.2 million in its latest funding round.

Tease photo

Hoag Extends Obligation on Women’s Health Services

Hoag Memorial Hospital Presbyterian has entered into a voluntary agreement with state Attorney General Kamala Harris’ office to extend its obligation to provide women’s health services.

Tease photo

CSUF Index: Outlook About Flat for Q2

ECONOMY: Continues to ease off all-time high notched last year

Orange County business owners and executives enter the second quarter with a virtually unchanged outlook on the economy, according to the latest quarterly index of business expectations published by the Mihaylo College of Business and Economics at California State University-Fullerton.

Ingram Micro’s Step to Next Level Located Behind the Scenes

CIO Charged With Marrying Tech Backbone, New Business Lines

Ingram Micro Inc.’s push into higher-margin business lines, namely mobility and the cloud, were spearheaded by Chief Executive Alain Monie, who took over the top post more than two years ago.

Pyott’s Place: Not Big Pharma

CEO: Cash-Pay Lines, Less Bureaucracy Set Allergan Apart

Call Allergan Inc. the biggest publicly traded company in Orange County. Just don’t call it “Big Pharma.”

Quiksilver Aims for Addition by Subtraction

APPAREL: Rethinks retail strategy, product development under Mooney

Ripping off Band-Aids. That’s what Quiksilver Inc. Chief Executive Andy Mooney has been doing since taking the helm on a turnaround bid at the Huntington Beach-based action- sports apparel maker and retailer.

UCI Search Light on OC Influence?

The advisory committee appointed by UC System President Janet Napolitano to help find a replacement for UC Irvine Chancellor Michael Drake looks light on ties to the larger OC community—business or otherwise.

El Pollo Loco Looks to Have Right Recipe for IPO

DINING: Would be 3rd chain— 1st with profits—to file this year

Are El Pollo Loco Inc.’s private equity parents cooking up an initial public offering after two years of retooling the business?

Edwards Gets Taste of Better Days on Comparison Trial

HEALTHCARE: Shares up 13% this year after rugged 2013

Investors are once again taking a shine to Irvine-based Edwards Lifesciences Corp. after a tough 2013.

Biolase Shareholder in Mood for Fight

HEALTHCARE: East Coast investor nominates 4 to board

Irvine-based medical device maker Biolase Inc. is facing the prospect of a proxy fight with its largest shareholder.

Autobytel Market Value Rises as Comeback Continues

MARKETING: On lookout for acquisition opportunities

Autobytel Inc. is nowhere near the 1999 heyday when the company’s market value hovered around $285 million.

Mortgage Lender Chooses COO for Growth Push

FINANCE: Firm aims to capitalize on industry changes

Fast-growing mortgage lender loanDepot. com LLC has tapped industry veteran and former Nationstar Mortgage LLC executive David Norris as president and chief operating officer.

Anaheim Industrial Property Goes for $27.2M

REAL ESTATE: Biggest industrial spec sale in years

A recently built industrial facility in Anaheim just outside the Platinum Triangle has been sold to a logistics company that is expanding its local operations.

Anaheim Company Plans Factory in Ohio

Anaheim-based food packaging company L&L Foods Inc. is planning to open a $3.1 million distribution facility in Wilmington, Ohio.

Software Maker Sells Majority Stake

A private equity firm in Palo Alto acquired a majority stake in Irvine-based software developer AutoAlert Inc. on undisclosed terms.

SJC Manufacturer to Join NY Company

San Juan Capistrano-based network camera manufacturer IQinVision agreed to merge with Vicon Industries Inc. in Edgewood, N.Y., in an all-stock transaction.

Investor Buys Canyon Fireside Grille

Irvine-based American Restaurant Holdings Inc., an investor in restaurants and food manufacturing companies, acquired Canyon Fireside Grille on undisclosed terms.

Seafood Lovers, Food Writers Mourn Chef’s Passing

Bluewater Grill Veteran Shared Passion With Smile

Orange County lost a beautiful person and passionate chef last month in Brian Hirsty, executive chef of the Bluewater Grill restaurants. He was only 48, and though he had a rare bone marrow disease, his death was completely unexpected.

ADDENDUM

Foothill Ranch-based Oakley Inc. is now the official eyewear sponsor of Little League Baseball and Little League Softball. Terms of the sponsorship were undisclosed, but similar partnerships have helped “maintain low team affiliation fees and provide valuable training, educational resources and expertise,” the company said.

Sale Prices Closer to Listings Despite Slowdown

Sample Ranges From 94% to 98% of Asking

Sellers of luxury homes have been pricing them closer to new market levels since the pace of sales slowed late last year after rapid acceleration in the first half of 2013

OCBJ calendar

April 7, 2014

This week's business and other event listings

CDM, South Coast Metro Sales Come at High Price

Retail Properties Bring $520 Per SF and Higher

A pair of smaller-sized retail properties in Corona del Mar and Santa Ana have changed hands at eye-catching prices.

Analysts in Holding Pattern on Facebook’s Oculus Buy

Prescient Move or Fateful Bet on Virtual Reality?

Wall Street appears to be taking a wait-and-see approach on Facebook Inc.’s $2 billion cash and stock buy of Irvine startup Oculus VR Inc.

Regulators Accept Avanir’s New-Drug Application

AVP-825 Drug-Device Combo to Treat Migraines

Aliso Viejo-based Avanir Pharmaceuticals Inc. wrapped up last month in a busy fashion.

Taco Bell Breakfast Menu Ads Co-Opt Rival’s Mascot

Social Media Spat With McDonald’s Continues

Taco Bell Corp. is making sure its waffle tacos and 12 other new menu items are getting noticed, giving its breakfast rollout the “largest advertising campaign to date” and keeping up a social media skirmish with the granddaddy of all fast-food chains.

Top Public Cos. Total $134B on 18.7% Gain in Market Cap

ECONOMY: Allergan No. 1 again; Western Digital adds $9.6B

Orange County’s largest publicly traded companies combined for a cool $20 billion boost to their market valuations over the past year, thanks to strong gains by Allergan Inc. and Western Digital Corp., the largest representatives of the local healthcare and technology sectors.

real estate deals

Richard Kruper sold an industrial building to Noel Shenoi in Orange for $1.5 million.

Friday, April 4

Hoag Extends Obligation on Women’s Health Services

Hoag Memorial Hospital Presbyterian has entered into a voluntary agreement with state Attorney General Kamala Harris’ office to extend its obligation to provide women’s health services.

Tease photo

Midday Stock Roundup

The S&P 500 was off 0.65% to 1,876.46 in afternoon trading Friday.

Tease photo

Opus Sets Price Range on IPO

Irvine-based Opus Bank has announced specifics of its plans for an initial public offering, which will include about 5.7 million shares of common stock priced between $31 and $34.

Tease photo

Diablo III Expansion Sells 2.7M Units

The newest title of Blizzard Entertainment Inc.’s popular Diablo franchise has sold more than 2.7 copies since its March 24 release.

Tease photo

Krafcik Joins TrueCar Board

John Krafcik, former Hyundai Motor America Inc. chief, joined the board of Santa Monica-based TrueCar Inc., an online service that provides car pricing information and a listing of dealers certified by the company.

Tease photo

Buena Park Mixed-Use Project Tops Off

City officials and executives from Lynwood developer M+D Properties and construction company Swinerton Inc. were on hand Thursday to celebrate the topping off of The Source in Buena Park.

Tease photo

Laguna Hills PE Firm in Deal for Video Technology Developer

Laguna Hills-based private equity firm Parallax Capital Partners LLC has joined another investor in acquiring DivX LLC in San Diego.

Tease photo

Oakley Partners With Little League

Foothill Ranch-based Oakley Inc. said it has become the official eyewear sponsor of Little League Baseball and Little League Softball.

True Drinks Adds East Coast Distribution Deal

Irvine-based True Drinks Inc. has signed distribution agreement with ShopRite, a Keasbey, N.J.-based supermarket chain.

Thursday, April 3

True Drinks Adds East Coast Distribution Deal

Irvine-based True Drinks Inc. has signed distribution agreement with ShopRite, a Keasbey, N.J.-based supermarket chain.

Oakley Partners With Little League

Foothill Ranch-based Oakley Inc. said it has become the official eyewear sponsor of Little League Baseball and Little League Softball.

Laguna Hills PE Firm in Deal for Video Technology Developer

Laguna Hills-based private equity firm Parallax Capital Partners LLC has joined another investor in acquiring DivX LLC in San Diego.

Tease photo

Buena Park Mixed-Use Project Tops Off

City officials and executives from Lynwood developer M+D Properties and construction company Swinerton Inc. were on hand Thursday to celebrate the topping off of The Source in Buena Park.

Tease photo

Krafcik Joins TrueCar Board

John Krafcik, former Hyundai Motor America Inc. chief, joined the board of Santa Monica-based TrueCar Inc., an online service that provides car pricing information and a listing of dealers certified by the company.

Tease photo

Diablo III Expansion Sells 2.7M Units

The newest title of Blizzard Entertainment Inc.’s popular Diablo franchise has sold more than 2.7 copies since its March 24 release.

Tease photo

Midday Stock Roundup

The S&P 500 fell 0.23% to 1,886.47 in afternoon trading Thursday.

Tease photo

Taylor Morrison Venture Buying San Clemente's Marblehead Site

Taylor Morrison Home Corp. is buying San Clemente’s Marblehead residential development.

Tease photo

Irvine Software Firm Draws Palo Alto Private Equity

A private equity firm in Palo Alto has acquired a majority stake in Irvine-based software developer AutoAlert Inc. Terms of HGGC LLC’s investment weren't disclosed.

Tease photo

Wednesday, April 2

Irvine Software Firm Draws Palo Alto Private Equity

A private equity firm in Palo Alto has acquired a majority stake in Irvine-based software developer AutoAlert Inc. Terms of HGGC LLC’s investment weren't disclosed.

Tease photo

Taylor Morrison Venture Buying San Clemente's Marblehead Site

Taylor Morrison Home Corp. is buying San Clemente’s Marblehead residential development.

Tease photo

Autobytel Shares Up on Guidance Boost

Shares of Irvine-based Autobytel Inc. were up 23% Wednesday morning, following the automotive marketing company’s increased first quarter guidance.

Tease photo

Midday Stock Roundup

The S&P 500 rose 0.10% to 1,887.39 in afternoon trading Wednesday.

Tease photo

March Sales Jump for Mitsubishi

March sales for Cypress-based Mitsubishi Motors North America Inc. surged 70% from a year earlier to 8,996.

Tease photo

OCVA to Open Dubai Office

The Orange County Visitors Association has announced plans to open a sales office in Dubai.

Tease photo

TravisMathew Names VP Sales

Huntington Beach-based sportswear apparel maker TravisMathew said it hired John Mills as vice president of sales.

Tease photo

Tuesday, April 1

March Sales Jump for Mitsubishi

March sales for Cypress-based Mitsubishi Motors North America Inc. surged 70% from a year earlier to 8,996.

Tease photo

OCVA to Open Dubai Office

The Orange County Visitors Association has announced plans to open a sales office in Dubai.

Tease photo

Midday Stock Roundup

The S&P 500 rose 0.31% to 1,878.06 in afternoon trading Tuesday.

Tease photo

Quiksilver, Kelly Slater End Partnership

Huntington Beach-based Quiksilver Inc. said it is ending its partnership with professional surfer Kelly Slater.

Tease photo

Hobie Alter: Surfboard Shaper, Innovator

Hobart "Hobie" Alter, whose innovative surfboards and sailboats made him a legend in the surf industry, died on Saturday at the age of 80.

Tease photo

Anaheim Food Company Plans New Ohio Facility

Anaheim-based food packaging company L&L Foods Inc. is planning to open a $3.1 million distribution facility in Wilmington, Ohio.

Tease photo

SJC Camera Maker in Merger Agreement

San Juan Capistrano-based network camera manufacturer IQinVision has agreed to merge with Vicon Industries Inc. in Edgewood, N.Y. in an all-stock transaction.

Tease photo

Florida Company Buys Irvine IT Unit

An information technology provider in Florida has acquired the Irvine operations of Reston, Va.-based GovPlace, which sells IT equipment and related services to local, state and federal government agencies.

Tease photo

Irvine Investor Adds RSM Restaurant

Irvine-based American Restaurant Holdings Inc., an investor in restaurants and food manufacturing companies, has acquired Canyon Fireside Grille on undisclosed terms.

Tease photo

Newport Film Festival Starts Ad Campaign

The Newport Beach Film Festival, less than a month from curtain call, has launched an ad campaign to “celebrate the power of film and its ability to change people in unexpected ways.”

Tease photo