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 2,175.86.

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Amazon’s Twitch Buys Irvine Gaming Specialist

Twitch.tv, the world’s largest live-streaming site for gaming content, has acquired Irvine-based Curse Inc., which creates content for gamers.

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LAB Holding In $7M Long Beach Land Buy

Shaheen Sadeghi of Costa Mesa-based LAB Holding LLC got the green light from the Long Beach City Council to turn city-owned property in the north part of the town into a “small-business friendly” retail center.

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Smith Micro Down After Reverse Split

Shares of Smith Micro Software Inc. are down in its first trading session after the Aliso Viejo-based company initiated a reverse stock split before the start of trading today.

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Crystal Cove Nonprofit Names CEO

The Newport Coast nonprofit Crystal Cove Alliance named Alix Hobbs president and chief executive effective today.

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OCTANe in State Life Sciences Push

OCTANe in Aliso Viejo will work with California Life Sciences Association on statewide advocacy and programs for supporting Orange County life sciences companies.

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OC Hotel Sales Up, Prices Down

The number of hotels sold in the first half of 2016 increased 27% but total dollar value of those sales fell 83%, a report by Atlas Hospitality Group said.

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Midday Stock Roundup

The S&P 500 was down 0.4% in midday trading to 2,181.16.

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New Editor for Excelsior in Santa Ana

The parent organization of the Orange County Register has named Carlos Aviles editor of its three Spanish-language weekly newspapers and associated digital media—Excélsior in Santa Ana, La Prensa in Riverside, and ImpactoUSA in Torrance.

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Puerto Rico Manufacturer Buys in Costa Mesa

Costa Mesa-based Mocean Holding Company LLC has been acquired on undisclosed terms by SNC Technical Services in Puerto Rico.

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Irvine Translation Firm Acquired

Welocalize Inc. acquired Irvine-based Global Language Solutions on undisclosed terms.

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Midday Stock Roundup

The S&P 500 was up 0.4% in midday trading to 2,192.80.

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Footwear Maker Names Interim President

Sole Technology Inc. in Lake Forest appointed Esmail Mawjee interim president, a new position.

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OCTANe Q2 Funding Up Big

Aliso Viejo-based OCTANe announced Monday that startups that completed its LaunchPad accelerator raised nearly $75 million in the second quarter, according to Chief Executive Bill Carpou.

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Accreditation for Concordia Business School

Concordia University in Irvine said it received accreditation for its business and economics programs within its business school, which serves undergrads and grads.

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Jury Nixes $554M Claim

A jury in Orange County unanimously ruled Friday against San Juan Capistrano-based InfoSpan Inc. in favor of Dubai-based Emirates Bank in a federal lawsuit.

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Healthcare Group Starts $150M Fund

Innovation Institute in La Palma will raise $150 million to invest in early-stage healthcare companies. It bought TriStar Health Partners LLC in Nashville to be the fund investment manager.

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Midday Stock Roundup

The S&P 500 was down 0.2% in midday trading to 2,182.58.

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Emerald Buys Two More Shows

Emerald Expositions LLC in San Juan Capistrano acquired two trade shows from founder Shannon Leggett on undisclosed terms.

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OC No. 3 in Travel Ranking

Orange County is the No. 3 “large city” destination—bested only by Los Angeles and New York City—in a national assessment by Resonance Consultancy Ltd. in New York.

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Hotel Menage to Rebrand as Sheraton

The Hotel Menage in Anaheim plans to rebrand as a Four Points by Sheraton, industry sources said.

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ASICS Americas Sales Down

ASICS America Corp.’s sales in the first half of its fiscal 2016 declined 17.3% compared to the same period last year, according to its parent, Japan-based Asics Corp.

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Midday Stock Roundup

The S&P 500 was up 0.5% in midday trading to 2,186.88.

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Allergan to Buy Glaucoma Co. for $95M

Allergan Plc plans to buy ForSight Vision5 for $95 million and milestone payments.

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REIT in First of Three Development Deals

CareTrust REIT Inc. in San Clemente invested $2.2 million in a company that’s developing a new healthcare facility CareTrust plans to own.