Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Laptop Accessories Supplier Acquired

Anaheim-based Targus Group International Inc. was acquired by its lenders for an undisclosed amount in a foreclosure sale on Feb. 1.

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Midday Stock Roundup

The S&P 500 was down 0.8% in midday trading to 1,838.64.

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Newspaper Takes Over Rival

Nguoi Viet Daily News Inc. in Garden Grove, publisher of Nguoi Viet Daily News, has taken over assets of competitor The Little Saigon News Inc., according to documents filed with the U.S. Bankruptcy Court for the Central District of California in Santa Ana.

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Chapman Sets Artists in Residence

The Dean of Chapman University’s film school said Rob Cohen would join Don Hahn as artist-in-residence for the Spring Semester, which started Feb. 1.

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Midday Stock Roundup

Indices were down sharply in midday trading on a drop in oil prices and a technology industry sell-off.

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St. Joseph Health to Run Home Health Franchises

Irvine-based St. Joseph Health bought 26 Nurse Next Door franchises with an option to buy 12 more.

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OC Weekly Sold

Duncan McIntosh Co. Inc. in Irvine has purchased OC Weekly from Denver-based Voice Media Group Inc. for an undisclosed sum.

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OC Weekly Sold

Duncan McIntosh Co. Inc. in Irvine has purchased OC Weekly from Denver-based Voice Media Group Inc. for an undisclosed sum.

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Midday Stock Roundup

Indices were down in midday trading on a tepid jobs report that sparked concerns of a Federal Reserve rate hike.

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M-Flex Sold for $610M

One of China’s largest sheet metal suppliers is set to acquire Irvine-based printed circuit board maker Multi-Fineline Electronix Inc. for $610 million.

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Sanuk Revenue Falls 17%

Sanuk USA LLC’s revenue for the third quarter of its fiscal year 2016 decreased 17% to $17 million compared to $20.5 million in the same period last year, according to parent company Deckers Outdoor Corp. in Goleta.

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LinkedIn to Buy Costa Mesa Startup

LinkedIn plans to acquire Costa Mesa-based startup Connectifier on undisclosed terms.

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Taco Bell Q4 Profit Down in Up Year

Irvine-based Taco Bell Corp. fourth quarter operating profit fell 4.3% to $152 million, compared with the same period last year, while full-year operating profit increased 12% to $529 million.

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BP Cardboard Box Plant to Close

A 465,000-square foot corrugated box plant in Buena Park run by Atlanta-based Georgia-Pacific LLC will close by Sept. 1, the company said.

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More Fox Head Ops to Irvine HQ

Fox Head Inc. in Irvine said it plans to close its offices in Morgan Hill in June and relocate its finance, IT, and sales operations to the motocross apparel and accessories manufacturer’s headquarters in Irvine.

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Midday Stock Roundup

The S&P 500 was down 0.1% to 1,911.44.

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Tustin Case Maker Sold for $100M

Tustin-based smartphone battery case maker Mophie Inc. has been acquired for at least $100 million by rival Zagg Inc. in Utah.

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Kurion Sold for $350M

Irvine-based Kurion Inc., which played a key role in stabilizing the contaminated Fukushima Daiichi Nuclear Power Plant in Japan nearly four years ago, has been sold for $350 million to Paris-based nuclear cleanup specialist Veolia.

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Midday Stock Roundup

The S&P 500 was down 0.7% in midday trading to 1,888.98.

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Edwards Beats on Q4; Ups Guidance

Irvine-based Edwards Lifesciences Corp. beat analyst expectations on quarterly revenue and profit and boosted full-year expectations in a report issued after markets closed Tuesday.

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Boot Barn Beats; Shares Up

Shares of Boot Barn Holdings Inc. were up 29% in recent trading to a market cap of $188 million on the strength of its quarterly report issued yesterday.

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OC-Based Carmakers’ January Mixed

Two out of four Orange County-based automakers exceeded the national sales pace for new vehicles in January, according to New Jersey-based market researcher Autodata Corp.

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$125 Million for Banc of California

Irvine-based Banc of California is raising $125 million, for general corporate purposes, by issuing 5 million depositary shares or a total of 125,000 shares of its preferred stock.

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Midday Stock Roundup

Indices were down in midday trading on fresh declines in oil prices.

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OC, Anaheim Visitor Tally Up

Visitor counts rose countywide and in Anaheim in 2015.