Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Kaiser Aluminum Earnings Up for Q1

Kaiser Aluminum Corp. reported first-quarter earnings of $0.85 per share after market hours Wednesday, coming in slightly above analyst estimates of $0.81 to $0.82.

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Laguna Hills Mall Owner to Redo Redevelopment Plans

Merlone Geier Partners is going back to the drawing board with its redevelopment plans for the Laguna Hills Mall now that it has acquired rights to the space currently occupied by Sears.

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Pacific Premier Grows Assets, Profits in Q1

Irvine-based Pacific Premier Bancorp Inc. reported net income of $2.6 million for the first quarter, a 33% increase from the same period a year earlier.

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JWA Overall Traffic Up, International Down

John Wayne Airport served 776,360 passengers in March, up about 1% from the year-ago period.

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Mixed Q1 for Ingram Micro

Santa Ana-based Ingram Micro Inc. on Wednesday reported first-quarter revenue in line with Wall Street expectations and adjusted profit that beat estimates.

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Preferred Hotel Grows Membership in Q1

Preferred Hotel Group ended the first quarter with the addition of 29 hotels to its membership roster.

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Midday Stock Roundup

The S&P 500 fell 0.12% to 1,877.28 in afternoon trading Wednesday.

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Allergan Adopts Poison Pill Defense

Irvine-based drug maker Allergan Inc. has adopted a stockholder rights plan in response to a hostile takeover bid by Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman.

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Banc Buys Popular Community’s California Branches

Irvine-based Banc of California Inc. has agreed to buy the California branch network of Popular Community Bank for $5.4 million.

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Blizzcon 2014 Date Set

Irvine-based video game maker Blizzard Entertainment will hold its annual fanfest November 7 and 8 at the Anaheim Convention Center.

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Taco Bell Q1 Sales Flat

Sales for Irvine-based Taco Bell Corp. were flat for the quarter ended March 22.

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Bid for Allergan Now ‘Hostile’

Valeant Pharmaceuticals International Inc. will take its bid for Allergan Inc. directly to the Irvine-based drug maker’s shareholders.

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Taco Bell Q1 Sales Flat

Sales for Irvine-based Taco Bell Corp. were flat for the quarter ended March 22.

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Blizzcon 2014 Date Set

Irvine-based video game maker Blizzard Entertainment will hold its annual fanfest November 7 and 8 at the Anaheim Convention Center.

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Midday Stock Roundup

The S&P 500 rose 0.64% to 1,883.86 in afternoon trading Tuesday.

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Valeant Sets Bid at $47B

Valeant Pharmaceuticals Inc., an unsolicited suitor of Irvine-based drug maker Allergan Inc., has set its bid for the acquisition at $47 billion.

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BJ's Strikes Deal With Activist Investors

Huntington Beach-based casual dining operator BJ's Restaurants Inc. said Tuesday it struck a deal with two activist investors that includes three new board nominees, one new director’s seat, and a $50 million share repurchase program.

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Allergan Subject of Takeover Bid

Shares of Irvine-based drug maker Allergan Inc. jumped in after-hour trading today on reports of a takeover offer by Valeant Pharmaceuticals International Inc. and activist investor William Ackman.

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Private Companies Wanted for Annual List

SPECIAL ISSUE: List will be centerpiece of June 23 edition

The Business Journal is preparing its annual list of privately owned companies for publication in June.

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Q1 Profit Up for Cal Republic Bank

Irvine-based California Republic Bancorp announced first-quarter earnings of $3 million, compared with about $82,000 in the year-earlier period.