Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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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.

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Skilled Healthcare Being Bought By Genesis

Foothill Ranch-based Skilled Healthcare Group Inc. said today that it is being bought in an all-stock deal by Kennett Square, Pa.-based Genesis HealthCare. A purchase price was not disclosed.

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Midday Stock Roundup

The S&P 500 rose 0.45% to 1,980.52 in midday trading Tuesday.

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808 Begins Trading Wednesday

Garden Grove-based power plant owner and operator 808 Renewable Energy Corp. will begin trading Wednesday on the Over-The-Counter Bulletin Board.

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Skilled Healthcare Being Bought By Genesis

Foothill Ranch-based Skilled Healthcare Group Inc. said today that it is being bought in an all-stock deal by Kennett Square, Pa.-based Genesis HealthCare. A purchase price was not disclosed.

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Allergan Names Hindman CFO

Irvine-based Allergan Inc. said today that it named Jim Hindman its new chief financial officer.

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Brandman Gets Ahmanson Foundation Grant

Irvine-based Brandman University received $99,600 from the Ahmanson Foundation in Los Angeles to fund technology purchases to help disabled students.

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LYFE Kitchen Investor Moving Company to Memphis

Irvine-based restaurant chain and franchisor LYFE Kitchen received a minority investment from Carlisle Corp. and will move to that company’s Memphis, Tenn. headquarters, according to reports.

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Midday Stock Roundup

The S&P 500 rose 0.81% to 1,970.91 in midday trading Monday.

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Masimo Receives FDA Warning Letter

Irvine-based Masimo Corp. has received a warning letter from the Food and Drug Administration on its manufacturing practices, the company said today in a regulatory filing.