Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

Tease photo

Midday Stock Roundup

The S&P 500 was up 0.3% to 2,119.55.

Tease photo

Pac Life Sells Pension Business to Goldman Sachs

Newport Beach-based Pacific Life Insurance Co. has sold its pension advisory business in New York to Goldman Sachs Assets Management.

Tease photo

Pac Merc Restructures SBA Group, Reports Q1 Loss

Costa Mesa-based Pacific Mercantile Bancorp Inc. swung to a loss in the first quarter, affected by a one-time cost related to a “strategic realignment” of its Small Business Administration lending group.

Tease photo

Edwards Posts Profit

Irvine-based Edwards Lifesciences Corp. reported a profit of $123.4 million, more than double the total for the same period a year ago.

Tease photo

JWA March Passengers, Flights Up

John Wayne Airport reported boosts in passenger traffic and flights for March.

Tease photo

SJC Startup Lands GE Investment

San Juan Capistrano-based software maker PingThings Inc. has received a venture capital investment from GE Ventures, the venture capital arm of General Electric, and Frost Data Capital.

Tease photo

Midday Stock Roundup

The S&P 500 was up 0.4% to 2,116.75.

Tease photo

ReShape Medical Gets $12M Loan

San Clemente-based medical device maker ReShape Medical Inc. has received a $12 million loan from a pair of financiers.

Tease photo

Midday Stock Roundup

The S&P 500 was up 0.3% to 2,104.21.

Tease photo

UCI Names Provost

University of California-Irvine said Enrique Lavernia will be provost and executive vice chancellor, reporting to Chancellor Howard Gillman.

Tease photo

Pacific Premier Loans, Deposits Up; Profit Down on Acquisition Costs

Irvine-based Pacific Premier Bancorp Inc. posted $1.8 million in first-quarter profit, down 32% from the same period a year ago.

Tease photo

Taco Bell Revenue Up

The parent company of Irvine-based Taco Bell Corp. said new store openings and same-store sales increases boosted the Mexican-themed fast food chain’s revenue by 9% in the first quarter of this year.

Tease photo

Kia's Georgia Facility Back Online After Shooting

A Kia Motors America Inc. manufacturing plant in Georgia is back online this morning after an employee there shot a co-worker in the leg Tuesday.

Tease photo

Incipio Inks Luggage Co. Deal

Incipio Technologies Inc. said it signed a multiyear licensing deal with Tumi Holdings Inc. to design, manufacture and distribute a range of premium mobile device accessories for the South Plainfield, N.J.-based luggage maker.

Tease photo

Correction & Clarification: Thomas in Charge at Wet Seal

Chief Executive Ed Thomas remains in charge of The Wet Seal, LLC in Foothill Ranch, along with interim Chief Financial Officer Thomas Hillebrandt.

Tease photo

Broadcom Beats Forecasts on Q1

Irvine-based chipmaker Broadcom Corp. after the close of intraday trading reported first-quarter revenue and adjusted profits that beat Wall Street expectations and provided a revenue target for the current quarter in line with estimates.

Tease photo

Midday Stock Roundup

The S&P 500 was flat at 2,100.38.

Tease photo

Tilly’s CFO to Depart

Tilly’s Inc. said it has started a search for a new chief financial officer, to replace Jennifer Ehrhardt, who is leaving in June to “pursue other professional interests.”

Tease photo

FDA Clears AcuFocus Inlay

The Food and Drug Administration has approved Irvine-based AcuFocus Inc.’s Kamra corneal inlay for treating presbyopia.

Tease photo

Midday Stock Roundup

The S&P 500 was up 1% to 2,101.71.

Tease photo

Anaheim Recycling Company Sold

Anaheim-based recycling services provider Certified Recycling has been acquired by Tricor Pacific Capital, a Vancouver-based private equity firm with an office in Chicago.

Tease photo

UC Irvine Health Opens Tustin Specialty Center

The healthcare enterprise of the University of California-Irvine said today that it opened a new specialty healthcare center in Tustin.

Tease photo

UC Irvine Health Opens Tustin Specialty Center

The healthcare enterprise of the University of California-Irvine said today that it opened a new specialty healthcare center in Tustin.

Tease photo

Private Companies Wanted for Annual List

The Business Journal is preparing its annual list of privately owned companies for publication in June.

Tease photo

Allergan Laying Off 577 in Irvine

Allergan Inc., now a business unit of drugmaker Actavis PLC, will lay off 577 workers in Irvine, according to a state filing.