Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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OC Auto Sales Up 7.7% in July

Sales of new vehicles at Orange County auto dealers rose 7.7% to 14,011 vehicles in July compared with the same period last year, according to the Newport Beach-based Orange County Automobile Dealers Association.

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Wisconsin Firm Hiring 700 in Brea

Alta Resources, a Neenah, Wis.-based business process outsourcing company, is planning to hire some 700 workers for its Brea facility.

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$1 Million Grand Prize in Wienerschnitzel Sweepstakes

Wienerschnitzel is offering $1 million as the grand prize in its latest “Cash in on a Corn Dog” sweepstakes.

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July Traffic Ekes Up at JWA; Int’l Down

John Wayne Airport said passenger traffic rose slightly in July 2014 compared to the same period last year.

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Allergan Sets Special Shareholder Meeting

Irvine-based Allergan Inc. will host a special shareholders’ meeting on Dec. 18, according to a court filing today.

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Midday Stock Roundup

The S&P 500 rose 0.21% to 2,002.10 in midday trading Tuesday.

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Corinthian to Sell Assets; Second Deal Blocked

Santa Ana-based Corinthian Colleges Inc. said it would sell some assets to raise money to fund the winding down of its operations but that federal regulators had blocked a second deal.

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Santa Ana Ed Marketer Gets $8M

Santa Ana-based Greenwood Hall Inc. said it received $8 million in debt and equity financing to “recapitalize” the company.

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Western Digital Taps New CFO

Irvine-based memory products maker Western Digital Corp. has named Amgen Inc. executive Olivier Leonetti its next chief financial officer.

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Patent Office Weighs in for Netlist

Shares of Netlist Inc. jumped Monday after the Irvine-based computer memory products maker announced it had prevailed in a long-running patent feud with a competitor in Santa Clara.

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Irvine Company Announces Week of Fashion Events

The Irvine Company’s retail properties, Fashion Island, Irvine Spectrum Center and the Market Place, plan to launch Style Week Orange County on Sept. 10, packed with “fashion shows, shopping parties and trend presentations to celebrate the best in O.C. style.”

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Midday Stock Roundup

The S&P 500 was up 0.43% to 1,996.90 at last check on midday trading Monday, a slight fallback after it briefly surpassed 2,000 for the first time.

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Allergan Confirms Shareholder Meeting Request

Irvine-based Allergan Inc. has confirmed it received written requests from shareholders to call a special meeting requested by activist investor Bill Ackman’s Pershing Square Capital Management LP.

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Billabong Sells Swell.com

Australia-based Billabong International Ltd. said it plans to sell its surf apparel retailer Swell.com in Irvine to a consortium of investors in a spinoff that also includes a 51% sale of SurfStitch, its other e-commerce business.

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Billabong Sells Swell.com

Australia-based Billabong International Ltd. said it plans to sell its surf apparel retailer Swell.com in Irvine to a consortium of investors in a spinoff that also includes a 51% sale of SurfStitch, its other e-commerce business.

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Midday Stock Roundup

The S&P 500 was flat at 1,992.07 in midday trading Friday.

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CNBC: Threshold Met for Special Meeting on Allergan

Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman’s Pershing Square Capital Management LP will submit a request today to Irvine-based Allergan Inc. calling for a special meeting of shareholders, according to reports.

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El Pollo Loco Signs for 20 Units in Texas

Costa Mesa-based grilled chicken chain El Pollo Loco Inc. has signed a multibrand operator to develop 20 franchised locations in Houston and San Antonio.

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CSUF Study: OC Exports to Grow Modestly, $28B by 2015

Orange County exports are expected to grow by nearly 6% this year to reach about $26.2 billion, according to a study by California State University Fullerton’s Center for Economic Analysis and Forecasting.

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Wet Seal Warned on Delisting

Wet Seal Inc. has until Feb. 17 to bring its stock at $1 per share or more for 10 consecutive days or face delisting by Nasdaq, the exchange warned in a letter to the Foothill Ranch-based retailer earlier this week.

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Midday Stock Roundup

The S&P 500 rose 0.35% to 1,993.47 in midday trading Thursday.

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New CEO for Trace3

Irvine-based IT consultancy and service provider Trace3 has promoted Tyler Beecher to chief executive.

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UCI Chem Prof in Cancer Business Venture

A University of California-Irvine chemistry professor is an equity partner in Novonco Therapeutics Inc., a new company in Los Angeles founded to treat cancer patients.

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Midday Stock Roundup

The S&P 500 was up 0.2% to 1,985.40 in midday trading Wednesday.

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CSUF Trust Summit Names Honorees

Several local companies were honored for being the “best connected to their treasured customer base,” during the OC Trust Summit Thursday at California State University-Fullerton.