Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Midday Stock Roundup

The S&P 500 was down 0.1% in midday trading to 2,172.68.

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Incipio Ends Skullcandy Pursuit

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.

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Tilly's Results Beat Street

Tilly’s Inc. in Irvine reported revenue and earnings that exceeded Wall Street expectations for the August quarter.

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$26M Settlement for County

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.

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Midday Stock Roundup

The S&P 500 was down 0.2% in midday trading to 2,182.86.

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OC a Top-10 Funding Market

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.

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Lantronix Narrows Loss

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

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Bank to Pay $100M for Stadium Name

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.

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StuNews for Newport Beach

The popular StuNewsLaguna.com will launch a sister publication, StuNewsNewport.com, starting September 8.

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,188.26.

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Acacia-Veritone Deal Could Hit $50M

Acacia Research Corp. will lend $20 million to Veritone Inc. in a deal that could be worth up to $50 million to Veritone.

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Lombard Exits U.S., Seeks Sale

Irvine-based Lombard Medical Inc. said it would exit the U.S. market and explore “strategic alternatives” for its business in other markets.

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Speedo Drops Lochte

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.

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Winston to CMO for Lugano

Lugano Diamonds in Newport Beach has promoted Stuart Winston to chief marketing officer and executive director of retail.

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McDonald Top OC Lawyer in Employment Law

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.

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Midday Stock Roundup

The S&P 500 was down 0.1% in midday trading to 2,182.62.

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Bryant Has $100 Million VC Fund

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.

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More Honors for OC Lawyers

More attorneys and a law firm have been recognized as being outstanding in their practice area.

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Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading to 2,180.39.

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Unemployment Up as Labor Force Grows Again

Orange County’s unemployment rate rose to 4.6% in July from a revised 4.4% in June.

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OC Security Company Unveils Robots

Santa Ana-based Allied Universal will launch its autonomous robot products at an unveiling event in Irvine today.

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Hyundai, Amazon Link on Test Drives

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.

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Former Ubiquity Exec Faces SEC, DOJ Charges

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.

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Keller Gets Nod From Best Lawyers

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.

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119 OC Firms Make Inc. 5000

Orange County placed 119 companies on the Inc. 5000 ranking of the fastest-growing U.S. private companies.