Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

Maletta Goes to Irish Drug Maker

Matthew Maletta, a former associate general counsel with Irvine-based Allergan Inc., was named chief legal officer of Endo International plc.

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Midday Stock Roundup

The S&P 500 was up 0.2% to 2,113.30.

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Device Maker Lombard Gets $26M Loan

Irvine-based startup Lombard Medical Inc. said today it received a $26 million loan facility from a financier.

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Montage Moves Ahead on Los Cabos

Irvine-based Montage Hotels & Resorts said today it would develop Montage Los Cabos on Santa Maria Bay in Los Cabos, Mexico, its first international property.

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Stance Socks Score NBA Deal

San Clemente-based Stance Inc. has signed a licensing agreement to become the official sock brand for the National Basketball Association.

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Education Company Nabs Investment

Santa Ana-based Greenwood Hall Inc. said Lincoln Park Capital Fund LLC in Chicago invested in the company.

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Del Taco Buyer Ticker Changes

The company that plans to buy Lake Forest-based Del Taco Holdings Inc. changed its Nasdaq markets ticker symbol Tuesday morning to “TACO.”

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Midday Stock Roundup

The S&P 500 was down 0.2% to 2,113.35.

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Mitsubishi Motors Taps Ally on Finance

Mitsubishi Motors North America Inc. in Cypress said it will fold its in-house financing arm, Mitsubishi Motors Credit of America Inc., and rely on Detroit-based Ally Financial Inc. as its “preferred financing source.”

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Predixion’s Series D Round Led by Software AG

Aliso Viejo-based Predixion Software has kicked off its latest venture funding round with Germany-based Software AG, one of the largest software companies globally, as the lead investor.

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Opus Q1 Loans, Deposits Up; Profit Slips

Irvine-based Opus Bank posted $11 million in first-quarter net income, down 16% from the same period a year earlier.

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Midday Stock Roundup

The S&P 500 was up 0.3% to 2,119.55.

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Pac Life Sells Pension Business to Goldman Sachs

Newport Beach-based Pacific Life Insurance Co. has sold its pension advisory business in New York to Goldman Sachs Assets Management.

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Pac Merc Restructures SBA Group, Reports Q1 Loss

Costa Mesa-based Pacific Mercantile Bancorp Inc. swung to a loss in the first quarter, affected by a one-time cost related to a “strategic realignment” of its Small Business Administration lending group.

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Edwards Posts Profit

Irvine-based Edwards Lifesciences Corp. reported a profit of $123.4 million, more than double the total for the same period a year ago.

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JWA March Passengers, Flights Up

John Wayne Airport reported boosts in passenger traffic and flights for March.

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SJC Startup Lands GE Investment

San Juan Capistrano-based software maker PingThings Inc. has received a venture capital investment from GE Ventures, the venture capital arm of General Electric, and Frost Data Capital.

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Midday Stock Roundup

The S&P 500 was up 0.4% to 2,116.75.

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ReShape Medical Gets $12M Loan

San Clemente-based medical device maker ReShape Medical Inc. has received a $12 million loan from a pair of financiers.

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Midday Stock Roundup

The S&P 500 was up 0.3% to 2,104.21.

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UCI Names Provost

University of California-Irvine said Enrique Lavernia will be provost and executive vice chancellor, reporting to Chancellor Howard Gillman.

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Pacific Premier Loans, Deposits Up; Profit Down on Acquisition Costs

Irvine-based Pacific Premier Bancorp Inc. posted $1.8 million in first-quarter profit, down 32% from the same period a year ago.

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Taco Bell Revenue Up

The parent company of Irvine-based Taco Bell Corp. said new store openings and same-store sales increases boosted the Mexican-themed fast food chain’s revenue by 9% in the first quarter of this year.

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Kia's Georgia Facility Back Online After Shooting

A Kia Motors America Inc. manufacturing plant in Georgia is back online this morning after an employee there shot a co-worker in the leg Tuesday.

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Incipio Inks Luggage Co. Deal

Incipio Technologies Inc. said it signed a multiyear licensing deal with Tumi Holdings Inc. to design, manufacture and distribute a range of premium mobile device accessories for the South Plainfield, N.J.-based luggage maker.