Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Ex-SEC Chair Joins Wealth Advisory

Former Orange County Congressman and Securities and Exchange Commission Chairman Chris Cox joined the board of Leawood, Kan.-based Creative Planning Inc. as director of regulatory governance.

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JWA Operator Buys Global Charter

West Coast Aviation Services in Santa Ana bought KMR Aviation in Ontario and renamed it West Coast Worldwide.

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Midday Stock Roundup

The S&P 500 was down 0.2% in midday trading to 2,270.93.

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Healthcare Data Firm in $34M Buy

Auxilio Inc. in Mission Viejo bought CynergisTek in Austin, Texas for up to $34.3 million—$26.8 million upfront and up to $7.5 million in milestone payments over the next five years.

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Building Materials Firm Files for IPO

Foundation Building Materials Inc., a Tustin-based distributor of wallboard and suspended ceiling systems, among other items, has filed for an initial public offering.

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First COO for Incipio

Irvine-based Incipio Group promoted Ann Fong to chief operating officer, a new position.

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PBS Starts Kids Channel Streaming

PBS SoCal KOCE today launched channel and streaming service PBS SoCal KIDS.

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Oakley Parent Sets $49B Merger

Oakley Inc.’s Italy-based parent, Luxottica Group SPA, plans to combine operations with Essilor International S.A. in France, pending regulatory and shareholder approval.

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Midday Stock Roundup

Markets are closed today for the Martin Luther King Jr. Day holiday.

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Midday Stock Roundup

The S&P 500 was up 0.2% in midday trading to 2,275.74.

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Carrick Invests in Virginia

Carrick Capital Partners in Newport Beach invested $22 million in Perfect Sense Inc. in Reston, Va.

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New Operator for GG Knitting Mill

Broncs Inc. in Compton has reached an initial deal with American Apparel LLC to take over the lease for its textile facility in Garden Grove, according to news reports.

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Irvine First in Fiscal Strength

The City of Irvine earned top marks from the Fiscal Times for fiscal strength among U.S. cities.

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JWA Traffic Up 3%

John Wayne Airport served 918,000 passengers in October, up 3% compared with October 2015’s 891,000.

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Nordstrom Out at MainPlace

Nordstrom Inc. in Seattle said it plans to close its department store at MainPlace Mall in Santa Ana in March. The closure will affect about 195 employees.

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Midday Stock Roundup

The S&P 500 was down 0.4% in midday trading to 2,265.66.

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Anaheim Landscaper Acquired

Marina Landscape Maintenance Inc. in Anaheim was bought by BrightView Landscapes LLC in Plymouth Meeting, Pa., on undisclosed terms on Jan. 1.

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Pacifica Sells SD Hotel

Pacifica Hotels in Irvine sold the 80-room Sommerset Suites in the Hillcrest neighborhood of San Diego for $19.5 million to Sentre Partners, also in San Diego.

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Call Center Firm Names Legal Exec

Alorica Inc. in Irvine named Tania King chief legal officer and chief compliance officer.

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RSI Communities Buys Beaumont Site

Newport Beach-based homebuilder RSI Communities said it has bought a 228-acre site in the Riverside County city of Beaumont, where it plans to build a 981-home development called Olivewood.

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Midday Stock Roundup

The S&P 500 was down 0.1% in midday trading to 2,267.10.

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Developer Sets SJC Hotel Date

Stratus Development Partners in Newport Beach said its Hotel Capistrano project will open in summer 2018.

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Biolase CFO Resigns

Biolase Inc. in Irvine said Chief Financial Officer David C. Dreyer will resign effective Jan. 13 for “personal reasons unrelated to the company’s financial condition.”

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Lotus Makes Another Buy

Lotus Innovations LLC in Irvine acquired Commerx Corp., a leading global provider of digital and telecommunications services.

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Midday Stock Roundup

The S&P 500 was up 0.4% in midday trading to 2,276.87.