OC BUSINESS JOURNAL DAILY NEWS

Midday Stock Roundup

The S&P 500 was up 0.5% in midday trading to 2,870.52, an all-time high.

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Accenture Plans Hiring; Expanding in OC

SERVICES: World’s No. 1 seeks office to tout latest technologies

Accenture PLC’s new Southern California boss, David Wolf, has big plans for Orange County.

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OC 500: Manouch Moshayedi

Made fortune as co-founder of storage device maker STEC, which sold 2013, for $340 million … buys commercial real estate … family is largest property owner along Mariner’s Mile in Newport Beach, $150M deals since 2009 … marriage, home, family his life turning points, activities, passion … secret to success: ‘sticking to it’

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Midday Stock Roundup

The S&P 500 rose 0.3% in midday trading to 2,857.76.

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Edwards Grows HQ After $36M Land Buy Next Door

REAL ESTATE: 3 buildings, more parking planned for Royalty site

Edwards Lifesciences Corp. has proposed a major expansion of its Irvine headquarters, paving the way for Orange County’s largest public company to add hundreds of jobs to its local operations.

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OC 500: Paul Bay

Role, responsibilities have grown at large products distributor … previously over U.S. export functions, now oversees North, South America ops from Canada to Chile … 21 years with Ingram, plus four-year stint as chief executive, Punch Software in mid-2000s in K.C., Mo. … CSU-Northridge grad with bachelor’s in speech communication

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Midday Stock Roundup

The S&P 500 was flat in midday trading at 2,841.41.

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OC Jobs Drop as State Rises

Orange County lost 10,100 jobs in July while California added 46,700, according to the state’s Employment Development Department.

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New AutoGravity CEO Tries to Avoid Potholes

FINTECH: Vows smoother ride after leadership shakeup

AutoGravity Corp., the Irvine fintech recently embroiled in management turmoil, is for sure keeping one thing: a wooden slide employees use to spirit themselves from the second floor to the first.

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OC 500: Irving Chase

Among Santa Ana’s largest property owners … several city blocks, notably in DTSA … area family ties back to 1919 … son Ryan leads recent redevelopment of SA’s East End, including 4th Street Market … recent buy of

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Midday Stock Roundup

Indexes were up at midday on company earnings; shares of Walmart Inc. shot up almost 10% after the retailer released its second quarter report.

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Disney Suspends Hotel Project

Walt Disney Co. has stopped work on its fourth hotel near Disneyland Resort in Anaheim, the company said.

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LA Fitness Floats Newest Concept

RETAIL: Test float pods seek to compete for young members

For 33-year-old health club operator and LA Fitness parent Fitness International LLC, workout trends come and go, but that doesn’t mean it ignores the latest boutique fitness studios popping up around its 709 locations.

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OC 500: Madhu Vijay

Joined PacLife 1997 … senior financial analyst … treasurer at ACG unit 2000; current role 2012 … has done $16B in financing for group … 100 airline customers in 45 countries … global top-10 aircraft leasing firm … ACG work has supported S&P, Fitch upgrades … previously Freddie Mac … backs OC’s Council on Aging; board member Pacific Life Foundation … Business Journal CFO of the Year 2016

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Alorica Hires 4 C-Suite Execs

Alorica Inc., an Irvine-based outsourcing company with 100,000 employees, said it hired several high-level executives: Chief Financial Officer KJ Tjon, who replaces Cindy Fiorillo; Chief Operating Officer Greg Haller, and Chief Information Officer Steve Phillips.

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Rox Names CEO

San Clemente-based Rox Medical Inc. appointed Mike MacKinnon as chief executive. He came from Philips N.A. where he was head of sales for image guided technologies.

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Midday Stock Roundup

Major indexes were down at midday on trade tensions.

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20 Years of Job Changes Crunched

ECONOMY: More now in health, business services

Social workers and business consultants were the biggest job winners in the past two decades in Orange County.

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OC 500: Bob Alter

Founded hotel owner-operator 1985 … took public twice: 1995, 2004 … grew from $30M revenue 1995 to $1B 2007 …

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NAMM, NAPEW Re-Up in Anaheim

Visit Anaheim said OC's two largest tradeshows by attendance—National Association of Music Merchants and Natural Products Expo West—have booked their slots at Anaheim Convention Center through 2023 and 2022, respectively.

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Midday Stock Roundup

The S&P 500 rose 0.7% in midday trading to 2,840.14.

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Photo Prints E-commerce Co. Buys Again

Huntington Beach-based MailPix Inc. bought PrintShopLab, the printing unit of Denver-based Photobucket Corp., on undisclosed terms.

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Merger Makes Trace3 OC’s Newest $1B Tech Company

CEO: ‘I Think We’re a Juggernaut’

The merger of Irvine-based Trace3 and Data Strategy LLC in Grand Rapids, Mich. has created a formidable IT services provider with revenue surpassing $1.1 billion.

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OC 500: Raj Bhathal

Started swimwear maker with wife, Marta … 2017 first non-family president, Brenda West, fellow OC 500er … Raj, Marta back Segerstrom Center, Chapman—Raj trustee; student services building named for them … sports:

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Veritone Sales Sour Traders

Shares of Veritone Inc. (Nasdaq: VERI) plummeted after the company reported second quarter results that missed Wall Street expectations.

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