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OC-Based Public Companies Take Share of Licks, Carry On
Orange County’s diverse crop of publicly traded companies held up relatively well as worries about China’s economy whipsawed the stock market here and in other markets around the world.
RETAIL: Santa Ana center 1 of 5 said to be in $1.1 billion deal
Sydney-based Westfield Corp. is expected to sell a majority stake in Westfield MainPlace in Santa Ana to a partnership headed by USAA Real Estate Co. in San Antonio, Texas.
Designer Eschews Smart Phones for Larger Screens
DeskSite, an Irvine-based digital media company that develops app-based video entertainment portals, is thinking bigger than a smartphone with a deal it recently signed with the LA Galaxy soccer team.
Anna’s Linens Inc. in Costa Mesa has postponed the auction of its intellectual property, according to documents filed with the U.S. Bankruptcy Court for the Central District of California in Santa Ana.
Shares in Tilly’s Inc. fell in after-hours trading Wednesday after missing Wall Street expectations but rose again by midday Thursday on higher net sales.
DealerSocket Inc. in San Clemente said it will buy the Inventory+ suite of technology products from Lake Success, N.Y.-based Dealertrack Technologies Inc. for $55 million in cash.
Hyundai Motor America Inc. in Fountain Valley said it will shift its media-buying business to Canvas Worldwide, effective Jan. 1.
Costa Mesa-based El Pollo Loco Holdings Inc. shares fell more than 18% in midday trading after the company reported quarterly revenue yesterday that was below analyst expectations.
Raj Manufacturing LLC in Tustin has rebranded itself as Raj Swim to better showcase the company’s culture.
Irvine-based Habit Restaurants Inc. will debut in its seventh state with a restaurant opening this year in Meridian, Idaho, a news report said.
Evans Brewing Co. Inc. in Santa Ana said in a regulatory filing it plans to buy Bayhawk Ales Inc. in Irvine and to exchange shares in Evans, one-for-one, for those in Bayhawk.
Hyundai Motor America Inc. in Fountain Valley named Dean Evans its vice president and chief marketing officer.
The Wet Seal LLC in Foothill Ranch named Melanie Cox its new chief executive.
Shares in Autobytel Inc. in Irvine rose in midday trading as the company surpassed Wall Street’s expectations on revenue for the second quarter of fiscal 2015 ended June 30.
Lake Forest-based Del Taco Restaurants Inc. refinanced $164 million in debt under a new five-year, $250 million credit facility, cutting its borrowing costs by 3 percentage points and its annual interest payments by $5.4 million.