OC BUSINESS JOURNAL DAILY NEWS
Kwikset Locks Up Deal on Smart Phone Technology
MANUFACTURING: Unit of Black & Decker eyes new line
Kwikset locks up deal on smart phone technology
Mixed Q4 Results, Record Orders for Newport Corp.
Irvine-based laser maker Newport Corp. on Wednesday reported mixed results for the fourth quarter and gave a revenue outlook for the current quarter and full year above Wall Street estimates.
Questcor Pharmaceuticals Beats Wall Street
Anaheim drug maker Questcor Pharmaceuticals Inc. today posted fourth-quarter results that surpassed analysts’ expectations.
Opus Opens Offices in Irvine, Encino, La Jolla
Irvine-based Opus Bank today opened a new office on Alton Parkway in Irvine along with locations in Encino and La Jolla.
Del Taco Makes Executive Changes
Lake Forest-based Del Taco LLC announced a number of executive appointments in operations, marketing and finance.
Wanted: Best Places to Work in OC
CALL FOR ENTRIES: Website to take entries until April 20; employer, employee queries to follow
Wanted: Best places to work for the Business Journal’s annual list
Grubb & Ellis Files for Bankruptcy, Selling Assets to BGC Partners
Santa Ana-based Grubb & Ellis Co. said on Tuesday that it has filed for bankruptcy and will sell "substantially" all of its assets to New York-based brokerage BGC Partners LP. "
Billabong Considers Sale to Private Equity Firm
A sale of Irvine-based Billabong USA’s Australian parent is still on the table after a private equity firm submitted a revised bid to buy the action sports apparel company.
Del Taco Plans 60 Restaurants in Georgia
Lake Forest-based Del Taco LLC is planning a big comeback in the Atlanta area.
Broadcom Closes $3.7B NetLogic Deal
Irvine-based chipmaker Broadcom Corp. on Friday said it closed its $3.7 billion buy of NetLogic Microsystems Inc. in Santa Clara.
Local.com Shares Slump on Expected Q1 Loss
Shares of Irvine-based digital media company Local.com Corp. plunged nearly 12% in New York midday trading on an expected loss for the current quarter.
Billabong’s Americas Division Sees Sales Rise
The parent of Irvine-based Billabong USA reported sales for the six months through December in its Americas division rose 5.1% from a year earlier to $400.8 million in constant currency.
Billabong Parent Sells Half of Nixon; Plans to Cut Stores, Employees
The parent of Irvine-based Billabong USA announced the sale of nearly half its Nixon accessories business to a private equity firm as part of a series of moves to reduce the company’s debt and other expenses.
Red Expects Digital Projector, 500 Hires This Year
A 3D projector from Irvine-based Red.com Inc.’s Red Digital Cinema Camera Co. will be made in Irvine and is expected to hit the market later this year.
Tech Coast Angels’ Investments Up
Irvine-based Tech Coast Angels today reported growth in the number of companies it provided with funding and the total amount of money it put into them last year.
New President at Kelley Blue Book
Irvine-based automobile information provider Kelley Blue Book Company Inc. has named Jared Rowe president.
Smith Adds CEO Duties at Quest
Vinny Smith is returning to the chief executive’s job at Quest Software Inc., the Aliso Viejo-based company announced minutes before releasing its fourth-quarter earnings today.
Powerwave Tumbles Again
Shares of Santa Ana-based Powerwave Technologies Inc. plummeted in extended trading Tuesday after the Santa Ana-based company disclosed more setbacks and a considerable revenue and profit drop in its fourth quarter earnings report.
Masimo Guidance Above Expectations
Irvine-based medical device maker Masimo Corp. today gave 2012 fiscal guidance and reported fourth-quarter results that exceeded analyst expectations on revenue and met projections for profits.
Specific Media’s Myspace Adds 1 Million Users
Irvine-based digital media agency Specific Media LLC said it has added more than 1 million new users to its Myspace social networking site since December.
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