OC BUSINESS JOURNAL DAILY NEWS
Newport Beach-based Palace Entertainment Holdings LLC’s $430 million in debt is expected to be repaid as a result of its parent company’s recent initial public offering.
The S&P 500 was down 0.4% in midday trading to 2,056.71.
The Orange County Visitors Association in Irvine has added a “Meetings, Incentives, Conventions and Exhibitions” effort to its Beijing office.
Kim Letch will become the Managing Partner for Ernst & Young’s Orange County office on July 1.
Allergan PLC has reorganized its business segments as it prepares to divest its generic drug unit.
The S&P 500 was down 0.5% in midday trading to 2,073.35.
Burbank-based Walt Disney Co. said revenue at its parks and resorts—a division that includes Disneyland Resort in Anaheim—grew 4% in the company’s most recent quarter to $3.92 billion, up from $3.76 billion in the same period last year.
Newport Beach-based St. Francis School of Law has graduated its first class, with three law students.
Stock indices were higher in midday trading on strength in the energy and financial sectors and a report showing the number of job openings in the U.S. stood at an 8-month high at the end of the 1st quarter.
Broadcom Ltd. has agreed to sell its wireless infrastructure backhaul business for $80 million to MaxLinear Inc. in the latest divestiture led by Chief Executive Hock Tan.
The S&P 500 was up 0.2% in midday trading to 2,061.73.
Irvine-based HCP Inc. will spin off its HCR ManorCare skilled nursing and assisted living businesses into a separate, publicly traded real estate investment trust.
Todd Harmonson has been named senior editor at the Orange County Register, succeeding managing editor Donna Wares, according to the Southern California News Group, which oversees the Register.
The S&P 500 was flat in midday trading to 2,050.28.
Autobytel Inc. in Irvine reported mixed results for its March quarter, exceeding Wall Street expectations on revenue but delivering below forecasts on earnings
Newport Beach-based Clean Energy Fuels Corp. after the close of trading reported revenue and adjusted profits in the first quarter that blew away Wall Street expectations.
Hoag Memorial Hospital Presbyterian today received a $7 million gift from Orange County philanthropists George and Julia Argyros to support its nursing program.
Aliso Viejo-based 360fly Inc. has raised $40 million in a Series C financing round to boost global sales and marketing efforts for its breakthrough 360-degree 4K camera to be released later this month.
Santa Ana-based Stearns Lending LLC named Steve Smith chief financial officer.
The S&P 500 was down 0.1% in midday trading to 2,049.01.
B. Riley Financial Inc., a Los Angeles-based investment firm that maintains an office in Newport Beach, is buying internet service provider United Online Inc. for $11 a share or about $170 million.
Laguna Beach-based virtual reality content maker NextVR Inc. has struck a deal with one of the world’s largest event companies to bring “hundreds” of live concerts to fans across the globe through virtual reality.
Osterbauer Compressor Service, a distributor of heating and cooling systems in Buena Park, has been acquired on undisclosed terms by Davidson, N.C.-based environmental-systems maker Ingersoll Rand.
Some 900 attendees gathered at the Business Journal’s 22nd Annual Women in Business Awards, where Lisa Vogel, co-president of RAJ Swim in Tustin, delivered the keynote address encouraging women in business to be open, humble and flexible.
Irvine-based patient monitor maker Masimo Corp. today reported first-quarter results that outpaced Wall Street forecasts.