Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Midday Stock Roundup

The S&P 500 was down 0.3% to 2,114.80.

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Simon to Give Firebrand to Employees

Allan Simon plans to transfer ownership of Firebrand Media LLC to 10 of his longtime employees, according to the Laguna Beach Independent, the company’s flagship publication.

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CSUF Taps Chapman Dean to Lead Arts

California State University-Fullerton said Dale Merrill will be dean of its College of the Arts, starting July 1.

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Boot Barn Up on Sales, Earnings

Boot Barn Holdings Inc. reported increases in revenue and earnings for the fourth quarter and full fiscal 2015, sending its shares up more than 6% to a market value of about $620 million in trading Friday.

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PacSun Shares Down on Q1 Numbers

Shares of Pacific Sunwear of California Inc. were down about 11% in Friday trading to a $110 million market cap as the Anaheim-based apparel retailer reported lower-than-expected revenue for the first quarter of fiscal 2015.

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Midday Stock Roundup

The S&P 500 was down 0.4% to 2,115.44.

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Broadcom in $37B Deal

Irvine-based chipmaker Broadcom Corp. has agreed to be acquired by Avago Technologies Ltd. for $37 billion.

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UCI to Add Data Science Bachelor’s

University of California-Irvine plans to enroll its first undergraduates this fall in a new bachelor’s of science program in data science. UC Irvine is the first UC campus to offer the degree.

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Pacific Premier Hires CFO

Irvine-based Pacific Premier Bancorp Inc. has tapped Allen Nicholson as chief financial officer.

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Kiss Names New CEO

Arena football insider Joe Windham has been named chief executive of the LA KISS, which plays its home games at the Honda Center in Anaheim.

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Tilly’s Shares Fall on Mixed Q1

Tilly’s Inc. beat Wall Street expectations on earnings but slipped on revenue in the first quarter of its fiscal 2015, and shares fell more than 23% in Thursday trading.

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Neudesic Buys Anaheim IT Provider

Irvine-based IT provider Neudesic LLC has acquired Anaheim competitor Web4, which specializes in enterprise content management and human resources software.

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Midday Stock Roundup

The S&P 500 was up 0.8% to 2,121.34.

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Anaheim Lighting Products Maker Sold

Anaheim-based lighting products maker Intense Lighting LLC has been acquired by Leviton Manufacturing Co., a Melville, N.Y.-based manufacturer of electrical wiring equipment.

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JWA April Traffic Higher

John Wayne Airport reported a 5.7% year-to-year increase in total passengers to about 826,000 for April, compared with about 781,000 in the same period last year.

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Midday Stock Roundup

Major stock indices declined in midday trading on concerns over lagging economic growth.

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Jobs Site Gets $1.2M Angel Funding

Mission Viejo-based Jobrivet said today it received $1.2 million in angel funding, and now has raised $1.5 million total, according to cofounder Todd Peets.

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Midday Stock Roundup

The S&P 500 was flat at 2,130.28.

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OC Adds Jobs in April

Orange County employers added 3,800 jobs in April, helping drive down the unemployment rate to 4.1%.

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Frost Data Capital Part of Investor Group

Frost Data Capital, a San Juan Capistrano-based investment firm and start-up incubator, joined other venture investors to back Maana, a developer of big-data search engine technology.

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Autobytel Buys Competitor

Autobytel Inc. shares were up about 30% to a market value of $185 million after the Irvine-based automotive marketing company said it acquired Dealix Corp. from CDK Global Inc. in Hoffman Estates, Ill. for $25 million.

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Taylor Morrison Buys Pacifica San Juan Site in SJC

A venture that includes Scottsdale, Ariz.-based Taylor Morrison Home Corp. has bought the stalled Pacifica San Juan home development in San Juan Capistrano.

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Midday Stock Roundup

The S&P 500 was up 0.2% to 2,130.17.

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Irvine Ranked Most Integrated U.S. City

Irvine was the only city in the U.S. to rank among the top 15 for both overall population growth and the pace of its increase last year, according to estimates released today by the U.S. Census Bureau.

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El Pollo Loco Sets Dallas Plan

El Pollo Loco said it plans at least 20 restaurants for a previously announced expansion into Dallas, to include seven franchised by an affiliate of local family office, Henry Investment Group.