Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Software Maker Gets $5.5 Million

Irvine-based software maker YouMail Inc. has raised $5.5 million in a Series B funding round, the company announced this morning.

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OCADA Names Board Leaders

The Orange County Automobile Dealers Association in Newport Beach announced its 2015 board of directors.

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How Henry Did It

Local Infrastructure, Global Vision Behind OC Legend

Henry Segerstrom was renowned, of course, as creator of South Coast Plaza and a patron of art and music.

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Dog Sleds to Dior: Slice of Legend’s Life

It Took an Impresario to Get Global Traction in Costa Mesa

Add one more entry next to Henry Segerstrom’s name in the history books: retail impresario who saw Tiffany jewels where lima beans once grew.

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Midday Stock Roundup

The S&P 500 was up 0.4% to 2,112.72 in midday trading.

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Kofax Buys Dutch Software Maker

Irvine-based business software maker Kofax Ltd. has acquired a company in the Netherlands that specializes in the growing customer-management software segment.

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El Pollo Loco Plans to Expand in Utah

Costa Mesa-based El Pollo Loco Holdings Inc. said a group of Southern California franchisees have agreed to open five locations in the Salt Lake City market by 2018.

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Midday Stock Roundup

The S&P 500 was flat at 2,109.98 in midday trading.

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Asics Reaches $1 Billion Sales Mark

Asics America Corp. said it surpassed $1 billion in net sales for the first time last year, a 14.9% year-over-year increase, and expects about 14% growth in 2015.

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JWA January: More Fliers, Fewer Flights

A trend that has run about six months continued in January at John Wayne Airport as the facility saw increased passenger counts on fewer commercial flights.

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DealerSocket Makes Another Buy

San Clemente-based DealerSocket Inc. has acquired a Rancho Santa Margarita company that specializes in software for car dealerships.

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Ingram Shares Fall on Outlook

Shares of Ingram Micro Inc. dipped after markets closed Thursday, and continued to decline in midday trading Friday, as the Santa Ana company provided revenue and profit targets in the current quarter below Wall Street expectations.

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Midday Stock Roundup

The S&P 500 was down 0.1% to 2,111.13 in midday trading.

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Emulex Shares Jump on News of Sale

Shares of Emulex Corp. soared this morning in the first trading session since the Costa Mesa-based networking equipment maker announced it would be acquired for $606 million by Avago Technologies Ltd.

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Taco Bell to Expand in Japan

A Tokyo-based restaurant operator said it would open franchises of Irvine-based Taco Bell Corp. in Japan.

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Iteris CEO Resigns

Iteris Inc. Chief Executive Abbas Mohaddes has resigned from his management and board position to “pursue other opportunities,” the Santa Ana-based company said.

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Midday Stock Roundup

The S&P 500 was up 0.2% to 2,119.11 in midday trading.

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Aliso Beauty Products Seller for Sale

Pacific World Corp. in Aliso Viejo is up for sale, according to the Wall Street Journal.

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NB IT Firm Buys Broadcast Specialist

Newport Beach IT services provider Bitcentral Inc. has acquired a Connecticut software maker that specializes in broadcast automation systems for the media industry.

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Toba Puts $4M into Kids' Drink Maker

Toba Capital Management in Newport Beach has invested $4 million in Irvine-based True Drinks Inc.

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2 OC Hospitals on Top 50 List

Saddleback Memorial Medical Center, with campuses in Laguna Hills and San Clemente, placed among the top 50 hospitals in America, according to review organization Healthgrades Operating Co. Inc.

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Solis Gets Stake in Propane Company

Newport Beach-based private equity firm Solis Capital Partners LLC has invested in ICOM North America.

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Latino Focus for CSUF Center

The Orange County/Inland Empire Small Business Development Center at California State University-Fullerton plans to focus on Latino-American business owners with its third site here.

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Midday Stock Roundup

The S&P 500 was up 0.2% to 2,113.59 in midday trading.

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Pyott in Line for $100M Payout

Allergan Inc. Chief Executive David Pyott is in line for a severance payment of $100 million as a result of Actavis PLC’s pending buy of the Irvine-based drug maker, according to a federal filing.