Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Midday Stock Roundup

The S&P 500 was flat at 2,130.28.

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OC Adds Jobs in April

Orange County employers added 3,800 jobs in April, helping drive down the unemployment rate to 4.1%.

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Frost Data Capital Part of Investor Group

Frost Data Capital, a San Juan Capistrano-based investment firm and start-up incubator, joined other venture investors to back Maana, a developer of big-data search engine technology.

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Autobytel Buys Competitor

Autobytel Inc. shares were up about 30% to a market value of $185 million after the Irvine-based automotive marketing company said it acquired Dealix Corp. from CDK Global Inc. in Hoffman Estates, Ill. for $25 million.

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Taylor Morrison Buys Pacifica San Juan Site in SJC

A venture that includes Scottsdale, Ariz.-based Taylor Morrison Home Corp. has bought the stalled Pacifica San Juan home development in San Juan Capistrano.

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Midday Stock Roundup

The S&P 500 was up 0.2% to 2,130.17.

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Irvine Ranked Most Integrated U.S. City

Irvine was the only city in the U.S. to rank among the top 15 for both overall population growth and the pace of its increase last year, according to estimates released today by the U.S. Census Bureau.

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El Pollo Loco Sets Dallas Plan

El Pollo Loco said it plans at least 20 restaurants for a previously announced expansion into Dallas, to include seven franchised by an affiliate of local family office, Henry Investment Group.

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Segerstrom Daniels Gives $5M to CHOC Mental Health Program

Children’s Hospital of Orange County said today it's building a new children’s mental health inpatient center as part of an initiative that will be supported by a $5 million gift from Sandy Segerstrom Daniels.

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Midday Stock Roundup

The S&P 500 was down 0.1% to 2,126.22

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Edwards Suspends Valve Study

Irvine-based Edwards Lifesciences Corp. said today that it is voluntarily halting enrollment in an early clinical trial for an experimental, less-invasive mitral heart valve.

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Biolase Names CEO

Irvine-based Biolase Inc. said today that Harold Flynn Jr. will become its new chief executive, effective July 13.

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Theme Parks Operator Buys in NJ

Apex Parks Group, an Aliso Viejo-based owner and operator of leisure parks, has acquired Sahara Sam’s Oasis Indoor and Outdoor Water Park in New Jersey.

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Marcum Names Irvine Partner to Head CA Tax Business

National accounting firm Marcum LLP has named John Eckweiler, a partner in its Irvine office, partner-in-charge of tax and business services for its California operations.

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Midday Stock Roundup

The S&P 500 was up 0.2% to 2,132.35.

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Masimo's $467M Verdict Upheld

Irvine-based Masimo Corp. said today that a federal court in Delaware has upheld a $467 million jury verdict in its favor against a pair of Netherlands-based Royal Philips Electronics NV's units for patent infringement.

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Telogis Gets $25M Investment

Aliso Viejo-based Telogis Inc. has raised another $25 million in venture capital funding.

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Hot Dog Chain Sponsors Indy Racer

Wienerschnitzel said it will sponsor race car driver J.R. Hildebrand in Sunday's Indianapolis 500.

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Midday Stock Roundup

The S&P 500 was down 0.1% to 2,122.65.

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First Foundation Starts Insurance Unit

Irvine-based banking and wealth planning firm First Foundation Inc. has launched a property and casualty insurance brokerage unit.

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Midday Stock Roundup

Stock indices were down in midday trading.

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Ad Firm Takes Stake in OC Company

Dentsu Inc. said it acquired a 33% stake in Laguna Hills-based Athletes First LLC to help the athlete management agency expand its business in the U.S. and internationally.

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OC Auto Sales Up in April

Orange County auto dealers sold 14,888 vehicles in April, an 8.1% increase from the same period last year, according to the Newport Beach-based Orange County Automobile Dealers Association.

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Confie Buys in NY State

Huntington Beach-based insurance broker Confie Seguros has acquired three brokerage firms in Buffalo, N.Y.

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El Pollo Loco Down on Comps, Guidance

Shares in Costa Mesa-based El Pollo Loco Holdings Inc. fell about 11% in after-hours trading as same store sales growth slowed and the fast food chicken chain offered tepid full-year earnings guidance.