Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,253.20.

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Gross’ Wife Files for Divorce

The wife of “bond king” Bill Gross filed for divorce last month.

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Engineering Firm Acquired

CivilSource, Inc. in Irvine has been bought by NV5 Global Inc. in Hollywood, Fla., for an undisclosed cash price.

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CKE Chief to Head Labor Dept.

Andrew Puzder, chief executive of CKE Restaurant Holdings Inc., is expected to be nominated by President-elect Donald Trump to lead the Labor Department, news reports said.

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,247.85.

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Blizzard Branches into Books

Blizzard Entertainment Inc. in Irvine launched a book-publishing label, Blizzard Publishing, which will develop and release new and out-of-print titles related to the company’s “Warcraft,” “StarCraft” and “Diablo” games, both directly and through ongoing global partnerships.

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Conexant Chips for Amazon’s Alexa

Chipmaker Conexant Systems Inc. in Irvine is supplying key audio and voice technology to Amazon.com as part of a deal announced this morning.

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15-Story Hotel Tower OK’d

Costa Mesa’s Avenue of the Arts Hotel is set for a 63% expansion in room count following city planning commission approval on Nov. 28 of a new, 15-story tower adjacent to the existing property.

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Midday Stock Roundup

The S&P 500 was up 0.6% in midday trading to 2,224.21.

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Microsemi Invests in GE Spinout

Chipmaker Microsemi Corp. in Aliso Viejo is part of a consortium of investors putting $18.7 million into an Irvine startup spun out of General Electric’s Global Research Center.

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Vans Boss Moves to Parent Co.

VF Corp. in Greensboro, N.C. promoted Vans Inc. President Kevin Bailey to the same post for the parent company’s Asia-Pacific region.

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Game App Maker Buys Puzzle Firm

MobilityWare in Irvine bought Critical Hit Software in San Diego on undisclosed terms.

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Ingram Micro Merger Closes

Ingram Micro in Irvine completed its $6 billion merger with Chinese conglomerate Tianjin Tianhai Investment Company Ltd.

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Midday Stock Roundup

The S&P 500 was up 0.2% in midday trading to 2,208.41.

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Rancho Santiago Center Gets Grant

The Rancho Santiago Community College District Foundation’s Orange County Small Business Development Center received a $150,000 grant from the MUFG Union Bank Foundation.

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Film School Benefactor Dies

Larry Dodge, one of the namesakes of Chapman University’s Dodge College of Film and Media Arts, died Thursday.

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Midday Stock Roundup

The S&P 500 was up 0.5% in midday trading to 2,203.84.

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Toshiaki Ogasawara Dies

Manufacturing magnate, Pelican Hill resident and OC’s Wealthiest list member Toshiaki Ogasawara died Nov. 30 in Newport Beach at age 85.

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Broadcast Innovator Dies

Longtime Newport Beach resident and television industry innovator Robert “Bob” Bennett died on Tuesday.

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Ingram Sale Gets China Nod

Ingram Micro Inc.’s $6 billion pending sale to Tianjin Tianhai Investment Co. Ltd. has gained a key regulatory approval in China.

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Midday Stock Roundup

The S&P 500 was up 0.2% in midday trading to 2,194.74.

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Anaheim Welcomes ‘Show of Shows’

Orange County hosts the ‘show of shows’ next week at Anaheim Convention Center with a trade event expected to produce about 4,000 room nights over its three-day run.

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CareTrust in $96M Texas Buy

CareTrust REIT in San Clemente bought four skilled nursing properties in the Dallas-Fort Worth market for about $96 million and signed a new tenant to run them.

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PIMCO to Pay SEC $20M

Pacific Investment Management Co. in Newport Beach agreed to pay $20 million in penalties, fees and interest to the Securities and Exchange Commission to settle charges that it misled investors about one of its funds.

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November Mixed for OC Carmakers

Two out of four Orange County-based automakers beat the national sales pace on new-vehicle sales in November, according to New Jersey-based market researcher Autodata Corp.