Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Midday Stock Roundup

The S&P 500 was flat at 2,109.98 in midday trading.

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Asics Reaches $1 Billion Sales Mark

Asics America Corp. said it surpassed $1 billion in net sales for the first time last year, a 14.9% year-over-year increase, and expects about 14% growth in 2015.

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JWA January: More Fliers, Fewer Flights

A trend that has run about six months continued in January at John Wayne Airport as the facility saw increased passenger counts on fewer commercial flights.

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DealerSocket Makes Another Buy

San Clemente-based DealerSocket Inc. has acquired a Rancho Santa Margarita company that specializes in software for car dealerships.

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Ingram Shares Fall on Outlook

Shares of Ingram Micro Inc. dipped after markets closed Thursday, and continued to decline in midday trading Friday, as the Santa Ana company provided revenue and profit targets in the current quarter below Wall Street expectations.

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Midday Stock Roundup

The S&P 500 was down 0.1% to 2,111.13 in midday trading.

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Emulex Shares Jump on News of Sale

Shares of Emulex Corp. soared this morning in the first trading session since the Costa Mesa-based networking equipment maker announced it would be acquired for $606 million by Avago Technologies Ltd.

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Taco Bell to Expand in Japan

A Tokyo-based restaurant operator said it would open franchises of Irvine-based Taco Bell Corp. in Japan.

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Iteris CEO Resigns

Iteris Inc. Chief Executive Abbas Mohaddes has resigned from his management and board position to “pursue other opportunities,” the Santa Ana-based company said.

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Midday Stock Roundup

The S&P 500 was up 0.2% to 2,119.11 in midday trading.

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Aliso Beauty Products Seller for Sale

Pacific World Corp. in Aliso Viejo is up for sale, according to the Wall Street Journal.

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NB IT Firm Buys Broadcast Specialist

Newport Beach IT services provider Bitcentral Inc. has acquired a Connecticut software maker that specializes in broadcast automation systems for the media industry.

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Toba Puts $4M into Kids' Drink Maker

Toba Capital Management in Newport Beach has invested $4 million in Irvine-based True Drinks Inc.

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2 OC Hospitals on Top 50 List

Saddleback Memorial Medical Center, with campuses in Laguna Hills and San Clemente, placed among the top 50 hospitals in America, according to review organization Healthgrades Operating Co. Inc.

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Solis Gets Stake in Propane Company

Newport Beach-based private equity firm Solis Capital Partners LLC has invested in ICOM North America.

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Latino Focus for CSUF Center

The Orange County/Inland Empire Small Business Development Center at California State University-Fullerton plans to focus on Latino-American business owners with its third site here.

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Midday Stock Roundup

The S&P 500 was up 0.2% to 2,113.59 in midday trading.

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Pyott in Line for $100M Payout

Allergan Inc. Chief Executive David Pyott is in line for a severance payment of $100 million as a result of Actavis PLC’s pending buy of the Irvine-based drug maker, according to a federal filing.

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Shorebreak Hotel Sells for $58.5M

Bethesda, Md.-based DiamondRock Hospitality Co. said it has bought the Shorebreak Hotel in Huntington Beach for $58.5 million.

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Irvine Software Firm Gets $19M

Irvine-based software company Mavenlink Inc. has raised $19 million in a recent funding round.

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Jet Blue Seeks Int’l Flights at Long Beach

John Wayne Airport’s neighbor to the north may add international flights after Long Island City, N.Y.-based JetBlue Airways Corp. asked Long Beach Airport to apply for a federal customs facility, according to a news report.

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Entrepreneur Media Invests in NY Firm

Entrepreneur Media Inc. in Irvine has invested in AlleyNYC, a company that leases shared work spaces on an hourly basis.

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Corinthian: Good News, Bad News

Corinthian Colleges Inc. got a reprieve from the California Student Aid Commission for one of its subsidiaries in the state, but its division in Canada filed for bankruptcy protection there after regulators closed the local campuses, according to news reports.

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Disney Names New Parks Boss

Disneyland Resort’s new top executive will be Bob Chapek, said the Walt Disney Co., as it named him chairman of Walt Disney Parks and Resorts today.

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Fisker Narrows Name to 3 Options

Costa Mesa-based Fisker Automotive and Technologies Group LLC is mulling three options for a possible company name change, according to a source privy to the discussions.