OC BUSINESS JOURNAL DAILY NEWS
The S&P 500 was down 0.1% in midday trading to 2,172.68.
Incipio LLC walked away from its bidding war with Mill Road Capital Management LLC, a private investment firm that made the winning offer for Skullcandy Inc. at $6.35 a share in cash, which valued the company at about $197 million.
Tilly’s Inc. in Irvine reported revenue and earnings that exceeded Wall Street expectations for the August quarter.
The Costa Mesa office of law firm Theodora Oringher said today that it obtained a $26 million settlement for Orange County against India-based Tata Consultancy Services Ltd.
The S&P 500 was down 0.2% in midday trading to 2,182.86.
Orange County was the eighth largest U.S. market for high-technology venture capital funding in the second quarter, a jump of two slots compared with the same period last year, the Irvine office of real estate brokerage JLL said.
Irvine-based Lantronix Inc. reported lower net losses in its most recent quarter and year; shares rose 15% after-hours Tuesday but declined on a sell-off in Wednesday trading
Irvine-based Banc of California is the $100 million naming partner for the Los Angeles Football Club’s new soccer stadium, which is scheduled to open in 2018.
The popular StuNewsLaguna.com will launch a sister publication, StuNewsNewport.com, starting September 8.
The S&P 500 was up 0.3% in midday trading to 2,188.26.
Acacia Research Corp. will lend $20 million to Veritone Inc. in a deal that could be worth up to $50 million to Veritone.
Irvine-based Lombard Medical Inc. said it would exit the U.S. market and explore “strategic alternatives” for its business in other markets.
Speedo USA in Cypress will end its sponsorship of Ryan Lochte after a story he and three other U.S. swimmers told of being robbed at gunpoint on Aug 14 in Rio de Janeiro during the Olympic Games was proven false by authorities.
Lugano Diamonds in Newport Beach has promoted Stuart Winston to chief marketing officer and executive director of retail.
Attorney James J. McDonald Jr. has been named Lawyer of the Year in Orange County in the “Employment Law-Management” category for the second year in a row.
The S&P 500 was down 0.1% in midday trading to 2,182.62.
Retired NBA player Kobe Bryant has added venture capitalist to his new calling, with a $100 million fund that will invest in technology, media and data companies.
More attorneys and a law firm have been recognized as being outstanding in their practice area.
The S&P 500 was down 0.3% in midday trading to 2,180.39.
Orange County’s unemployment rate rose to 4.6% in July from a revised 4.4% in June.
Santa Ana-based Allied Universal will launch its autonomous robot products at an unveiling event in Irvine today.
Hyundai Motor America in Fountain Valley will let prospective buyers in the Los Angeles and Orange County areas book test drives for the 2017 Elantra through Amazon’s Prime Now service, and check out the sedan at local dealers.
The former interim chief executive of Irvine-based Ubiquity Inc., which is transitioning away from media and into augmented and virtual reality, has been slapped with civil fraud charges by the Securities and Exchange Commission and criminal fraud charges by the Department of Justice.
Attorney Jennifer Keller has been named Orange County Lawyer of the Year in the category of “Criminal Defense: White-Collar” by Best Lawyers 2016-17.
Orange County placed 119 companies on the Inc. 5000 ranking of the fastest-growing U.S. private companies.