Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

Wet Seal Revises Loan Terms With BofA

Wet Seal Inc. said it amended its contract with Bank of America N.A. and will now provide reports on the value of its assets to the lender on a weekly basis instead of once a month as previously agreed.

Tease photo

Midday Stock Roundup

Major stock indices were up strongly in midday trading, on positive signs from the Federal Reserve on interest rates in early 2015.

Tease photo

JWA, Southwest to Add Routes

John Wayne Airport cemented deals for two new round-trip Southwest Airlines routes starting next summer.

Tease photo

Brand Affinity in BK, Seeks Bidder

Brand Affinity Technologies Inc. has hired Irvine-based GlassRatner Advisory & Capital Group LLC to find potential bidders to acquire the cash-depleted advertising and social media company, according to a filing in bankruptcy court.

Tease photo

Midday Stock Roundup

The S&P 500 was up 1% to 1,993.21 in midday trading.

Tease photo

Device Maker Insightra Raises $12M

Irvine-based Insightra Medical Inc. has raised $12 million in a pair of fundings, according to a regulatory filing.

Tease photo

New Campus HQ for Asics America

Asics America Corp. in Irvine has moved its headquarters 3 miles northwest to a campus at Lakeview Business Center that’s tailored to the recent trend toward creative office space.

Tease photo

Yard House Sales Up 3.7%

Irvine-based Yard House saw quarterly same-store sales increase by 3.7% year-over-year according to the most recent report from its parent company, Darden Restaurants Inc., in Orlando, Fla.

Tease photo

Actavis to Trim Allergan Executive Ranks

Actavis PLC said today it plans to replace most of the top executives at Allergan Inc. with its own personnel when its $68 billion acquisition of the Irvine-based drug maker closes next year.

Tease photo

Versant Closes $305M Fund

Healthcare-focused venture capital firm Versant Ventures has raised $305 million for its latest fund.

Tease photo

Midday Stock Roundup

The S&P 500 was up 0.5% to 1,999.11 in midday trading.

Tease photo

Mitsubishi Recalls SUVs

Mitsubishi Motors North America Inc. is voluntarily recalling 54,779 Outlander Sport vehicles due to seat belt issues, according to the National Highway Traffic Safety Administration.

Tease photo

Juice It Up Taps VP for Growth

The parent company of Irvine-based Juice It Up said it hired Laina Sullivan as its first vice president of business development, with duties to include franchising, site selection and lease negotiation.

Tease photo

Versant Closes $305M Fund

Healthcare-focused venture capital firm Versant Ventures has raised $305 million for its latest fund.

Tease photo

Midday Stock Roundup

The S&P 500 was fell 0.4% to 1,993.76 in midday trading.

Tease photo

WD’s Former Hitachi Unit in Buy

A San Jose-based unit of Western Digital Corp. has acquired a maker of solid-state storage systems used in scaling cloud and enterprise data centers.

Tease photo

Times Gets “Protective Order” on Claim Against Register

A Superior Court judge in Los Angeles has granted the Los Angeles Times’ request for a “temporary protective order” against Santa Ana-based Freedom Communications Holdings Inc.’s flagship Orange County Register.

Tease photo

OC Fair Names CEO

The Costa Mesa-based OC Fair & Events Center named Kathy Kramer its new Chief Executive.

Tease photo

Irvine Bank CEO and CFO to Retire

Irvine-based Pacific Enterprise Bank said Chief Executive Rick Ganulin will retire at the end of the year.

Tease photo

OC Fair Names CEO

The Costa Mesa-based OC Fair & Events Center named Kathy Kramer its new Chief Executive.

Tease photo

Times Gets “Protective Order” on Claim Against Register

A Superior Court judge in Los Angeles has granted the Los Angeles Times’ request for a “temporary protective order” against Santa Ana-based Freedom Communications Holdings Inc.’s flagship Orange County Register.

Tease photo

Irvine Bank CEO and CFO to Retire

Irvine-based Pacific Enterprise Bank said Chief Executive Rick Ganulin will retire at the end of the year.

Tease photo

Midday Stock Roundup

The S&P 500 declined 0.8% to 2,019.62 in midday trading.

Tease photo

El Pollo Loco Closes $200M Debt Deal

Costa Mesa-based El Pollo Loco Holdings Inc. said today it closed on a new $200 million lending agreement that cuts its interest costs by about $7 million a year.

Tease photo

Mortgage Lender to Expand in OC

Stonegate Mortgage Corp. in Indianapolis said it plans to make more than 175 hires in Orange County for its recently created loan servicing subsidiary Stonegate Direct in Lake Forest.