Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Jobs Site Signs 146 Western Dental Offices

Mission Viejo-based Jobrivet said it had signed to provide employment services to 146 offices in Southern California of Orange-based Western Dental Services Inc.

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Disney to Lay Off 85

Walt Disney Parks and Resorts notified the state Employment Development Department on Jan. 15 it will lay off 85 employees from a Fullerton location, effective May 29.

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OC Networking Rivals Each Post Solid Quarter

Orange County’s two publicly traded rivals in the networking equipment market posted solid quarterly reports today after the close of trading.

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Broadcom Reports Mixed Q4, Sales Forecast in Line

Irvine-based chipmaker Broadcom Corp. after the close of trading today reported a mixed fourth quarter and provided a revenue outlook for the current quarter in line with Wall Street expectations.

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Montage LB Sells for $360M

Chicago-based Strategic Hotels & Resorts Inc. has bought the Montage Laguna Beach for $360 million, the Chicago-based hotel investor said on Thursday.

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Tech Coast Angels Tally $16M

Irvine-based angel investor network Tech Coast Angels invested $16.4 million in 61 deals in 2014.

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Midday Stock Roundup

The S&P 500 was up 0.3% to 2,007.51 in midday trading.

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$15M for Crossover Health

Aliso Viejo-based Crossover Health Inc. said it received $15 million in equity financing.

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Anaheim Engineering Firm Buys Two

Willdan Group Inc. in Anaheim purchased two privately held engineering companies for approximately $21.2 million—360 Energy Engineers in Lawrence, Kan. and Abacus Resource Management Co. in Beaverton, Ore.

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Anaheim Engineering Firm Buys Two

Willdan Group Inc. in Anaheim purchased two privately held engineering companies for approximately $21.2 million—360 Energy Engineers in Lawrence, Kan. and Abacus Resource Management Co. in Beaverton, Ore.

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UCI Gets $2M Keck Grant

University of California-Irvine has received $2 million from the W.M. Keck Foundation in Los Angeles to build a “photonic” microscope that can detect and examine “dark matter.”

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Angel Investor to Chapman Center

Chapman University in Orange named angel investor and entrepreneur Dr. Shan Steinmark the new director of its Leatherby Center for Entrepreneurship and Business Ethics.

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Solis Invests in SA Safety Gear Maker

Newport Beach-based private equity firm Solis Capital Partners has acquired an equity stake in Santa Ana-based ML Kishigo Manufacturing Co.

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Midday Stock Roundup

The S&P 500 was up 0.1% to 2,032.65 in midday trading.

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Restaurant Firm Buys 55-Unit Chain

Irvine-based American Restaurant Holdings Inc. said an affiliate bought Colonia, N.J.-based Muscle Maker Grill.

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OC Weekly on Sales Block

OC Weekly is up for sale, according to Denver-based Voice Media Group Inc., parent of the alternative newspaper.

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Western Digital Beats Expectations

Irvine-based storage products maker Western Digital Corp. after the close of trading Tuesday reported revenue and adjusted profits for the December quarter that beat Wall Street expectations.

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JWA Continues Traffic Trends

John Wayne Airport reported more passengers flying on fewer commercial flights in December, the fourth straight month of airlines flying fuller planes.

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OC Auto Sales Up 6.8% in 2014

Auto sales rose 6.8% in Orange County last year, and are expected to increase 4.1% this year, according to the Orange County Automobile Dealers Association.

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USGI Medical Gets $19.5M

San Clemente-based USGI Medical Inc. has raised more than $19.5 million from equity and debt investors.

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Midday Stock Roundup

The S&P 500 was down 1% to 2,035.99 in midday trading.

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Allergan Sets Meeting on Actavis Deal

Irvine-based Allergan Inc. has set a March 10 special meeting to get shareholder approval of its acquisition by Actavis PLC in a cash-and-stock deal currently valued at about $70 billion.

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Western Digital in $29M VC Investment

The venture capital arm of Irvine-based Western Digital Corp. co-led a $29 million funding for memory products maker Everspin Technologies Inc.

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JWA Director to Step Down

The Orange County Board of Supervisors will meet in closed session today to plan the search for a successor to John Wayne Airport Director Alan Murphy, who will step down from the post on Feb. 5.

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Auction.com Launches Hotel Division

Irvine-based Auction.com LLC said it has formed a unit focused on selling hotel properties.