Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Kaiser Aluminum Misses Profit, Revenue Estimates

Shares of Kaiser Aluminum Corp. fell 8.8% to about $68.5 and a market cap of about $1.31 billion in after-hours trading Monday as Foothill Ranch maker of semi-fabricated aluminum products posted $15.9 million in earnings for the third quarter, good for 85 cent a share.

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Four OC Schools in Great Park Solar Project

Two universities and two community colleges in Orange County are working together on next year’s entry for the Solar Decathlon at the Orange County Great Park in Irvine.

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Recalls for Mazda, Mitsubishi

Some 18,000 Mazda vehicles are subject of National Highway Traffic Safety Administration advisory that urges owners to “act immediately on recall notices” on defective airbags made by Takata Corp.

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Boot Barn Gives IPO Details

Irvine-based Boot Barn Holdings Inc. has announced details of its initial public offering, including the number and price of shares to be sold.

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Miller-Phipps to Kaiser’s Georgia Plan

Kaiser Permanente said Friday that Julie Miller-Phipps, vice president and executive director of Kaiser Foundation Hospitals and Health Plan in Orange County, was named president of Kaiser Foundation Health Plan of Georgia.

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Midday Stock Roundup

The S&P 500 rose 0.52% to 1,896.55.

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Miller-Phipps to Kaiser’s Georgia Plan

Kaiser Permanente said today that Julie Miller-Phipps, vice president and executive director of Kaiser Foundation Hospitals and Health Plan in Orange County, was named president of Kaiser Foundation Health Plan of Georgia.

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Allergan Laying Off 40 in Carlsbad

Irvine-based drug maker Allergan Inc. filed papers with state officials saying it will lay off 40 workers in Carlsbad, effective Nov. 28, according to a Worker Adjustment and Retraining Notification notice filed with the state Employment Development Department.

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Midday Stock Roundup

Stocks surged in midday trading on earnings reports and as a global sell-off abated.

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OC Adds 12,100 Jobs, Unemployment Falls

Orange County employers added 12,100 jobs in September, helping bring down the unemployment rate to 5.1%.

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Corinthian Gets Debt Relief, Sells Unit

Santa Ana-based Corinthian Colleges Inc. and its lenders agreed to a forbearance on certain elements of the company’s debt, according to an SEC filing by the company yesterday.

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QLogic Beats Quarterly Estimates

QLogic Corp. after the close of trading Thursday reported revenue and adjusted profits in the September quarter that beat Wall Street expectations.

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Midday Stock Roundup

Stock indices recovered slightly in midday trading on positive jobs data.

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Habit Files for $86M IPO

Habit Restaurants LLC in Irvine filed for an initial public offering valued around $86 million, according to reports.

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VC Funding Drops in Q3

Venture capital deal flow slowed in Orange County in the third quarter.

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UCI Gets $1.3M for Lung Device Work

Four University of California-Irvine materials science and engineering researchers will receive $1.3 million from the National Science Foundation for work that could be used to develop lung disease treatments.

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Kia Signs LeBron James as New Brand Ambassador

Kia Motors America selected Cleveland Cavaliers’ forward LeBron James as its K900 Luxury Ambassador.

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Fountain Valley App Maker Sells Division

Fountain Valley-based startup MEDL Mobile Holdings Inc. has agreed to sell its custom development division to BBK Holdings in Massachusetts.

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Hoag Invests in Surgery Center

Hoag Memorial Hospital Presbyterian said it’s invested an undisclosed amount of money in the Newport Bay Surgery Center in Newport Beach.

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Sabra Spends $59.1M for Properties

Sabra Healthcare REIT Inc., which is based in Irvine, said today that it bought eight properties in three states for $59.1 million.

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Midday Stock Roundup

Major stock indices were down sharply in midday trading on banks reporting lower earnings, a second health worker in Texas found to have the Ebola virus, and on concerns over Greek bond debt.

Quiksilver Names New Leaders

Quiksilver Inc. said Chief Executive Andy Mooney will take over as chairman of its board directors after Executive Chairman Robert McKnight Jr. and Charles S. Exon, chief legal officer and secretary of the board, retire on Oct. 31.

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Wet Seal to Cut Workforce

The Wet Seal Inc. said it’s “begun the initial steps” to reduce its overall cost structure.

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NB Council to Vote on Airport Deal

The Newport Beach City Council is set tonight to vote on a new amendment to an agreement that governs operations at John Wayne Airport.

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Yard House Parent Names Interim Chief

Irvine-based Yard House USA Inc. parent company Darden Restaurants Inc. named President and Chief Operating Officer Gene Lee its interim chief executive.