Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Profit, Loans Up for Cal Republic

California Republic Bancorp reported $3.3 million in second-quarter profit, a 14% growth from the same period last year.

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Fisker’s Bankruptcy Plan Approved

The Chapter 11 plan for Costa Mesa-based Fisker Automotive Inc. got approval from the United States Bankruptcy Court for the District of Delaware.

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Edwards’ Profit Gain Fueled by Settlement

Irvine-based Edwards Lifesciences Corp. today reported second-quarter results that surpassed Wall Street’s expectations.

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JWA Uptick in June

Airline passenger traffic at John Wayne Airport grew in June compared to the same month last year, the airport said.

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Midday Stock Roundup

The S&P 500 was flat at 1,980.43 in midday trading Tuesday.

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MemorialCare Hospital Enters Pediatric Care Alliance

Fountain Valley-based MemorialCare Health System said today that its Miller Children’s Hospital formed an alliance with Torrance Memorial Medical Center.

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Allergan Raises Bar on Raiders With Cost Cuts, Pledge on Profits

Allergan Inc.’s promise of cost cuts and higher profits might have put the company out of its hostile suitors’ reach.

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Alphaeon Buys Eye Product Maker

Newport Beach-based Alphaeon Corp. said today that it bought Physician Recommended Nutriceuticals LLC in a deal that it said could be worth up to $55 million.

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Midday Stock Roundup

The S&P 500 declined 0.2% to 1,974.78 in midday trading Monday.

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Opus Posts Higher Loans, Lower Profit for Q2

Irvine-based Opus Bank posted $10.3 million in profit in the second quarter, down about 45% from the same period last year.

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NB Investor in $3M Deal for App Developer

Newport Beach-based private equity investor Kodiak Capital Group LLC has made a $3 million commitment to fund Eventure Interactive Inc. in Costa Mesa, a developer of social communications-oriented mobile applications.

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El Pollo Loco Stock Debuts Strong

El Pollo Loco’s IPO started on a strong note with a price at the top of its range and a 48% jump by midday.

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Pacific Premier Grows Loans, Income in Q2

Irvine-based Pacific Premier Bancorp Inc. reported $4.6 million in net income for the second quarter compared with a loss of $249,000 a year earlier.

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Midday Stock Roundup

The S&P 500 fell 0.47% to 1,978.68 in midday trading Friday.

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Pac Merc Swings to Profit in Q2

Costa Mesa-based Pacific Mercantile Bancorp Inc. managed to swing to a profit in the second quarter from the same period a year earlier, notching $4,000 in earnings.

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BJ’s Beats Estimates, Shares Up

Shares of BJ’s Restaurants Inc. jumped more than 15% following the company’s second-quarter earnings that beat analyst estimates and its guidance on two positive financial trends for the future.

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Ms. America Comes to Brea

The 2014 Ms. America Pageant will be in Brea this year at the Curtis Theater on Aug. 9.

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Ingram Beats Revenue, Profit Targets in Q2

Santa Ana-based Ingram Micro Inc. on Thursday reported second-quarter revenue and adjusted profits that beat Wall Street expectations.

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Quality Systems Misses on Profit, Beats on Revenues

Irvine-based Quality Systems Inc. today posted mixed financial results for the three months ended June 30.

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Newport Corp. Buys Israeli Laser Maker

Irvine-based Newport Corp., which makes lasers and related equipment, has acquired an Israeli company that specializes in fiber lasers.

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Broadcom Offers Some Details on Baseband Cuts

Irvine-based chipmaker Broadcom Corp. plans to cut about 20% of its workforce and consolidate or close 18 locations around the world as part of a restructuring plan prompted by the wind down of its unsuccessful baseband business.

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Midday Stock Roundup

The S&P 500 was flat at 1,987.16 in midday trading Thursday.

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Broadcom to Trim Workforce

Irvine-based chipmaker Broadcom Corp. plans to cut about 20% of its workforce and consolidate or close 18 locations around the world as part of a restructuring plan prompted by the wind down of its unsuccessful baseband business.

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Microsemi Buys Irish Company

Aliso Viejo-based chipmaker Microsemi Corp. has acquired an Irish company that specializes in chip design geared for large-scale Ethernet operations and testing.

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Broadcom Shares Up on Q2 Report

Irvine-based chipmaker Broadcom Corp. said it earned an adjusted net income of $406 million or $0.65 per share in the second quarter, excluding one-time charges.