Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Glaukos CFO to Retire in 2017

Glaukos Corp. in Laguna Hills said Chief Financial Officer Richard Harrison will retire next year.

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,172.44.

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Unemployment Up as Labor Force Grows

Orange County’s unemployment rate was up to 4.4% in June from a revised 3.6% in May, much of the increase caused by 0.8% growth in the local labor force to 1.61 million.

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Vans Sales Jump Headlines Parent’s Quarter

Vans Inc. revenue was up 4% in July quarter, according to its Greenboro, N.C.-based parent, VF Corp.

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LA Fiduciary Adviser Invests in OC

Costa Mesa-based investment adviser New Market Wealth Management has a new equity owner in Cliffwater LLC, an investment adviser in Los Angeles.

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Ingram Sale Hits Bump

Ingram Micro Inc.’s pending $6 billion sale to Chinese conglomerate Tianjin Tianhai Investment Co. Ltd. has run into its first hurdle that could ultimately derail the deal.

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Midday Stock Roundup

The S&P 500 was down 0.5% in midday trading to 2,162.92.

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Quantum Fuel Bought

Lake Forest-based Quantum Fuel Systems Technologies Worldwide Inc. was purchased by Douglas Acquisitions LLC, an affiliate of second-position secured creditors.

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Midday Stock Roundup

The S&P 500 was up 0.5% in midday trading to 2,174.41.

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TIAA Takes Pacific City Stake

Huntington Beach’s Pacific City shopping center has seen a change in ownership.

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PIMCO Names New CEO

Pacific Investment Management Co. in Newport Beach named Emmanuel “Manny” Roman its chief executive, replacing Douglas Hodge, who will become a managing director and senior adviser to the company.

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Innovation Institute Buys IT Company

The La Palma-based Innovation Institute said today that it has acquired Corona-based information technology specialist Hospitality Business Network Solutions. A purchase price was not disclosed.

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Midday Stock Roundup

The S&P 500 was down 0.4% in midday trading to 2,159.13.

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Silicon Valley Software Maker to NB

Newport Beach-based startup Predictive Inc. has acquired a Silicon Valley software maker developing advanced learning applications.

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Pharmacy School Steps Toward Accreditation

Fullerton-based Marshall B. Ketchum University’s College of Pharmacy received precandidate status from the Accreditation Council for Pharmacy Education, authorizing the college’s first doctoral students to start in the fall.

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Opus Sells Coachella Location

Irvine-based Opus Bank agreed to sell its La Quinta branch in Coachella Valley to the Bank of Southern California headquartered in San Diego.

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Chicago Architecture Firm to OC

Oculus Architecture LTD has moved its headquarters to Costa Mesa from the Chicago suburb of Hickory Hills.

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Midday Stock Roundup

The S&P 500 was up 0.2% in midday trading to 2,166.42.

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Apparel Company Buys Firm

Contravisual Brands Group LLC acquired Los Alamitos-based Sullen Clothing Inc. on undisclosed terms.

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Midday Stock Roundup

The S&P 500 was down 0.2% in midday trading to 2,159.24.

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Toba in $11M Series A Round

Vinny Smith’s Toba Capital in Newport Beach has led an $11 million Series A round for business software maker Grow.

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Miller-Phipps Back in SoCal for Kaiser

Julie Miller-Phipps, former executive director of Kaiser Permanente’s Orange County service area, has been named president of the organization’s Southern California region, effective next month.

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,159.93.

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NB & Co. Hotel Bookings Up

Newport Beach & Co. said it handled 18% of hotel room bookings in the city for its fiscal year 2016 that ended June 30, up from 15% of the city’s total in 2015.

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Innovation Institute Adds Exec Search

Innovation Institute LLC in La Palma has acquired Summit Talent Group, a healthcare industry executive compensation and search firm in Columbia, Md.