Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Midday Stock Roundup

Indices were up in midday training on strength in the finance and energy sectors.

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Mirman Group Will Wait on Freedom Bid

An investment group led by Freedom Communication Inc. Chief Executive Richard Mirman will not submit the initial or “stalking horse” bid for the company’s assets by today’s deadline.

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VCs Put $140M in OC High Tech in Q4

High-tech companies in Orange County scored more than $140 million in venture capital funding in the fourth quarter of 2015, according to numbers released Thursday by the Irvine office of real estate brokerage Jones Lang LaSalle.

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Ingram Micro Buys in Europe

Irvine-based Ingram Micro Inc. plans to buy the Central and Eastern European operations of Moscow-based RRC Group, a distributor of networking and telecommunications equipment.

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Activision Shares Down on Miss

Shares in Activision Blizzard Inc. fell after it reported results that missed analyst forecasts for revenue and earnings.

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Advantage Adds President

Advantage Solutions named Jeff Hansberry its president and chief commercial officer, a new position, effective March 21.

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Time Inc. Buys Irvine Ad Tech Firm

Irvine-based advertising technology company Viant Inc. was bought by Time Inc. in New York on undisclosed terms.

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First American has $82M Quarter

Santa Ana-based First American Financial Corp. earned net income of $81.6 million on revenue of $1.36 billion for its quarter ended Dec. 31.

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Midday Stock Roundup

The S&P 500 was down 1.5% in midday trading to 1,823.58.

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NB Ad Shop Sold

Newport Beach-based advertising agency O’Leary and Partners has been bought by the Shipyard, a marketing firm in Columbus, Ohio, on undisclosed terms.

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Southwest Gets Long Beach Capacity

Southwest Airlines can add up to four flights at Long Beach Airport under an allocation the facility made this week.

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New Faces on Visit Anaheim Board

Visit Anaheim named two new directors and a new board chairman.

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Big Job Cuts at Broadcom

San Jose-based Broadcom Ltd. will slash nearly 700 employees in Irvine as part of a nationwide cost-cutting plan under Chief Executive Hock Tan.

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Midday Stock Roundup

The S&P 500 was up 1% in midday trading to 1,868.94.

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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.