OC BUSINESS JOURNAL DAILY NEWS

OC 500: Daniel Ivascyn

$1.6T assets, annual bonus pool topping $1B … made name post-2008 betting on nonagency mortgage-backed securities … co-manager with Alfred Murata of (PIMIX) Income Fund, PIMCO’s largest, $96B AUM … fund No. 1 in its Morningstar category for trailing decade … posted equity-level returns, 19% to 22% several years … grandfather Ukrainian immigrant … Boston sports fan

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Lazy Dog Adds Chicago

Lazy Dog Restaurant & Bar in Huntington Beach said it will add one location in Illinois—a new state for the casual dining chain—one more in Texas, and two more in its California backyard.

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Midday Stock Roundup

The S&P 500 declined 0.7% in midday trading to 2,711.61.

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Ex-Allergan Aesthetics Unit Head Joins Evolus

HEALTHCARE: Wants to make drug big-brand contender

Wall Street is pleased with Evolus Inc.’s (Nasdaq: EOLS) new president and chief executive, David Moatazedi, as shares of the company shot up more than 40% since the news broke on May 7.

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OC 500: Frank Jaksch

Nutrition ingredient developer, maker … $27M revenue 2016, up 20% … shares up 30% YTD to $200M market cap … nabbed $25M buy-in, China billionaire Li Ka-shing … proprietary product maker for others … adding consumer-products line … had exited arena, 2013 … China deal gets company global retail reach via investor’s other holdings … sold testing business to LabCorp. of America

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Flight Paths: Region’s Airports’ Airline Mix Shifts

TRANSPORTATION: Ontario to China; Long Beach to Hawaii

Orange County-area airports have experienced recent shifts in air carrier mixes and routes due to changes related to ownership, operations and government actions.

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OC 500: Tom Donovan

Named to role March 2017 … flagship Irvine Co. resort … second MD in property’s history … reports to OC 500’s Ralph Grippo … 30 years experience includes Grand Wailea, Maui—led $30M renovation—Ritz-Carlton,

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Commercial Bank of California Goes Private

CBC Bancorp (OTC Pink: NCAL), the parent company of Irvine’s Commercial Bank of California, has gone private and will no longer trade on the stock market.

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Titan Names CEO

Footwear veteran Joel Oblonsky was named chief executive of Huntington Beach footwear licensee Titan Industries Inc.

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Midday Stock Roundup

The S&P 500 increased 0.2% in midday trading to 2,734.14.

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Midday Stock Roundup

The S&P 500 was flat in midday trading at 2,722.40.

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16 Tons: Execs Rope, Ride, Range in Pursuit of West

High-Powered Cowpokes Take Horse-Powered Days

Some claim to be “kind of a big deal,” but a 1,200-pound horse—large as a car, lithe as a cobra, and not sure it likes you—removes all doubt.

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OC 500: Mohamed El-Erian

Gained prominence as chief exec, co-CIO, PIMCO … one of world’s foremost economists … regular, CNBC, other financial media … author, ‘When Markets Collide’ … FT/Goldman Sachs 2008 business book of year, one of best

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$83M Investment in Clean Energy

Shares of Clean Energy Fuels Corp. surged after the Newport Beach company said it received an investment and launched a new leasing program for natural gas heavy duty trucks.

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Midday Stock Roundup

The S&P 500 was up 0.8% in midday trading to 2,719.97.

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OC 500: Erwin Raphael

Leads luxury brand launched by Hyundai Motor Co. 2015 … companies share space at Hyundai HQ … has begun to separate elements: design, development, sale, marketing … developing plan for 100 to 150 US dealer network; Hyundai brand has 800+ … ‘operationally we are very independent … different company with a different soul’ … launching third model … line begins at $41K

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This Carpenter Builds Banks in California

FINANCE: Anticipates fintech will be shaking up banking industry

Ed Carpenter likes to call his banking company “a 1974 startup.” When did he know Carpenter & Co. would make it?

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Allergan Appoints New Aesthetics Head

Allergan Plc named Carrie Strom as senior vice president of U.S. Medical Aesthetics, reporting to Chief Commercial Officer Bill Meury.

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Alteryx Beats Q1

Analytics software maker Alteryx reported first quarter revenue and operating income that beat Wall Street expectations.

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Midday Stock Roundup

The S&P 500 was up 1% in midday trading to 2,698.25.

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Acorns Wins BlackRock Backing

Irvine-based Acorns Grow Inc. won a major endorsement from BlackRock Inc. (NYSE: BLK), the world’s largest asset manager, with $6.3 trillion.

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‘If That Person Calls, Do You Pick Up the Phone?’

Looking for A Trademark in ’93

In late 1992, early 1993 Business Journal Publisher Richard Reisman and Editor Rick Reiff had been on the job just over two years, “learning fast but a lot to learn,” Reiff recalled.

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OC 500: Wende Zomnir

Chief creative officer … co-founded makeup brand 1996; bold colors, edgy product—early entrant in latter … sold in 2000 to Louis Vuitton owner for $22M … part of L’Oreal since 2012 … Fashion Island flagship … company backs global women’s efforts via its Ultraviolet Edge … five-year goal to give $3M … backs OC shelter Laura’s House, microlending in Uganda

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Magic Morning in Irvine

Seventeen years ago Orange County United Way President Sue Parks cofounded The Women’s Philanthropy Fund within the nonprofit.

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Disney Parks Shine On

Walt Disney Co.’s parks and resorts unit, which includes Disneyland Resort in Anaheim, reported quarterly revenue of $4.9 billion, up 13% year-over-year, and operating income of $950 million, up 27%.

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