OC BUSINESS JOURNAL DAILY NEWS
The Orange County Board of Supervisors will meet in closed session today to plan the search for a successor to John Wayne Airport Director Alan Murphy, who will step down from the post on Feb. 5.
Cypress-based Mitsubishi Motors North America Inc. said it plans to advertise during NBC Universo’s Spanish-language telecast of the Super Bowl on Feb. 1.
NextVR Inc. in Laguna Beach said it conducted the “first ever live, broadcast-quality transmission of a virtual reality experience” over the weekend.
Irvine-based Kia Motors America Inc. has recalled 86,880 of its Forte sedans due to an increased risk of fire, according to National Highway Traffic Safety Administration.
The venture capital arm of Irvine-based Western Digital Corp. co-led a $29 million funding for memory products maker Everspin Technologies Inc.
Irvine-based Opus Bank reported $12.6 million in fourth-quarter profit, up 76% from the same time a year earlier.
San Juan Capistrano-based search engine Maana Inc. has raised $10.8 million, according to a recent filing with the U.S. Securities and Exchange Commission.
The S&P 500 was up 0.1% to 2,054.07 in midday trading.
Fullerton-based Marshall B. Ketchum University paid $10.3 million for an 88,000 square foot building on La Palma Avenue in Anaheim and will move its University Eye Center there, the school said.
The S&P 500 was down 0.1% at 2,060.78 in midday trading.
Costa Mesa-based Pacific Mercantile Bancorp swung to a profit in the fourth quarter, logging $390,000 in net income compared with a loss of $14.8 million in the year-earlier period.
Orange County businesses added 33,500 jobs in 2014, up 2.3% to 1,515,300 jobs.
Costa Mesa-based El Pollo Loco Holdings Inc. has been mentioned as a possible takeover target after news reports that a Philippines-based restaurant company is shopping for a U.S.-based regional fast food chain worth at least $1 billion.
Aliso Viejo-based chipmaker Microsemi Corp. reported revenue and adjusted profits for the December quarter in line with Wall Street with estimates but provided a sales outlook for the current quarter below Wall Street expectations.
The S&P 500 was up 0.8% to 2,048.11 in midday trading.
The parent of City National Bank has been acquired by Royal Bank of Canada for $5.4 billion.
Irvine-based Opus Bank has agreed to pay $25 million for Commerce Escrow Co. and its affiliate business RPM Investments Inc.
Lake Forest-based Del Taco LLC said it will begin franchising in New Jersey, its first restaurants in the Northeast U.S.
Irvine-based California First National Bancorp posted $3.6 million in profit for the three months ended Dec. 31, up 63% from the same period a year ago.
Three Orange County resorts—the Montage Laguna Beach, the Ritz-Carlton Laguna Niguel in Dana Point, and the Resort at Pelican Hill in Newport Coast—made Travel & Leisure magazine’s annual list of the world’s 500 best hotels.
The S&P 500 was up 0.2% to 2,027.18 in midday trading.
Shares of Acacia Research Corp. dipped sharply after the company received an unfavorable ruling on patent infringement claims it made against some large technology companies.
Irvine-based Pacific Premier Bank had $16.6 million in net income last year, an 85% increase from 2013.
Santa Ana College and Cypress College were named to a list of 15 community colleges statewide that can offer four-year college degrees, according to the California Community Colleges chancellor’s office.
The S&P 500 was down 0.2% to 2,014.84 in midday trading.