OC BUSINESS JOURNAL DAILY NEWS

Midday Stock Roundup

The S&P 500 was up 0.1% in midday trading to 2,922.16.

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Ruby’s BK Plan Backed by Developer

RESTAURANTS: Cavanaugh has new ideas, new partner

In recent weeks Doug Cavanaugh knew he was headed to bankruptcy court with the restaurant chain he founded, Newport Beach-based Ruby’s Diners Inc.

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OC 500: Mike Morhaime

Activision unit had bang-bang year … first-person shooter ‘Overwatch’ $1B business in under 18 months … Overwatch League has $20M apiece franchises in LA, SF, NYC, Boston, London, Seoul, Shanghai … Blizzard Arena in Burbank now open for pro players, esports fans … 2014-launched free-to-play card game ‘Hearthstone’ has 70M users … Blizzard approaching 25 years

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OrigAudio Acquired by HUB

Fountain Valley-based consumer electronics company OrigAudio LLC has been acquired by HUB Promotional Group in Braintree, Mass. for an undisclosed sum.

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South Coast Repertory Names Artistic Director

David Ivers has been appointed artistic director of South Coast Repertory, succeeding Marc Masterson.

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Nuvision to Acquire Alaska Credit Union

Huntington Beach-based Nuvision Credit Union announced Monday that it will merge with Anchorage, Alaska-based Denali Federal Credit Union, effective Oct. 1.

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Midday Stock Roundup

The S&P 500 was down 0.5% in midday trading to 2,914.82.

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What Will Irvine Look Like in 20 Years?

Haddad: Higher Density, Homes Without Garages, Ridesharing

Emile Haddad is experimenting with something that at first glance appears antithetical to the Southern California lifestyle—a home without a garage. And a homeowner who’s not a car owner.

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Kaiser Buys in NJ

Kaiser Aluminum Corp. in Foothill Ranch bought Columbia, N.J.-based 3D metal printer Imperial Machine & Tool Co. on undisclosed terms.

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OC 500: Chris Underwood

Distributes wines, spirits western U.S. … No. 2, Business Journal OC-based F&B supplier behind Golden State Foods … No. 8, Business Journal OC private cos.; No. 141, Forbes private cos. … $3.1B sales, 4K workers, 400 local … fifth gen to lead 130-year-old family enterprise … started in warehouse 1996 … USC grad, member of 1990 NCAA Champion volleyball team … Young Presidents’ Org

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Midday Stock Roundup

The S&P 500 was up 0.1% in midday trading to 2,934.47.

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Mavenlink, Prepping for IPO, to Double OC Headcount

SOFTWARE: Goldman, Carrick among top investors

Business software maker Mavenlink Inc. has laid out an aggressive local expansion plan as it eyes an initial public offering.

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OC 500: Palmer Luckey

20-something tech entrepreneur made waves mid-2017 when paid $35M for Huntington Beach marina … did so again when asked 56K Twitter followers whether he should buy VR headset maker HTC Vive … 56% said yes … Luckey founded virtual reality co., sold to Facebook $2B … Forbes estimates wealth at $730M … Time magazine cover story … Business Journal Person of the Year 2014

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Innovators Honored

Members of Orange County’s business community gathered Thursday at Hotel Irvine for the Business Journal’s fourth annual Innovator of the Year Awards.

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Midday Stock Roundup

The S&P 500 rose about 0.75% to 2929.60

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Glaukos Assures Wall Street and Doctors on Stent Safety

Says Alcon Recall Product-Specific

Stockholders of San Clemente-based medical device maker Glaukos Corp. (NYSE: GKOS) got an early Christmas gift last month, as the product failure of a competitor firm in the emerging micro-invasive glaucoma surgical (MIGS) sector sent the company’s stock up about 40% to an all-time high, while adding about a billion dollars to its market value.

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OC 500: Tom McKernan

Longtime CEO ceded reins to Robert Bouttier May 2012, who stepped down in 2017 as OC 500’s John Boyle named to post … McKernan led group for 21 years, growing SoCal membership 70% to 6.2M, bought AAAs in several states … SoCal AAA is largest in US … began career in Pasadena branch 1966 … led information systems, financial management areas … Business Journal’s OC 50

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Habit Burger Signs Rare Franchise Deal

Habit Burger Restaurants Inc. said a franchisee will develop nine locations in Eastern Washington and Idaho, with the first ones scheduled to open early next year.

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Midday Stock Roundup

The S&P 500 was up 0.2% in midday trading to 2,909.30.

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Nexem Connects to Skyrocketing Takeoff

Staffing Boom Grows Sales Nearly 2,000%

When Matthew Blake was asked how many offices Nexem Corp. has nationwide, he hesitated before saying, “That’s a dynamic number. It might be more than 50.”

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OC 500: Dan Young

Left No. 2 Irvine Co. role in 2016 to launch entitlement-development firm … remained adviser to Don Bren …now point man for Bren’s bid to bring Amazon’s HQ2 to Irvine … formal bids were due mid-October … Santa Ana mayor in 1980s and ’90s before current long-term pol OC 500’s Miguel Pulido elected

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UCI Adds to Campus

University of California, Irvine will be opening the doors to its new 65,000-square-foot “active learning” building next week.

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Midday Stock Roundup

The S&P 500 was up 0.6% in midday trading to 2,906.09.

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Cattle Driven

Brea’s West Coast Prime Meats Joins the Herd of Fastest-Growing Private Companies

Craig Nickoloff’s bachelor’s degree in cartography and geography from California State University-Long Beach 44 years ago seems disconnected from his career of running restaurants and supplying them with great meat.

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OC 500: Robin Follman Otta

Companies make, sell complex precision components for aerospace, defense, oil and gas industries … R.A. is Markall’s manufacturing arm… 5th-gen OCer … left career as opera singer to earn Chapman MBA through

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