Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Midday Stock Roundup

The S&P 500 was down 0.2% to 2,105.68 in midday trading.

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Henry Segerstrom Passes

Henry Segerstrom has died at age 91, after a short illness, according to C.J. Segerstrom & Sons, owner and manager of South Coast Plaza.

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Midday Stock Roundup

The S&P 500 was up 0.3% to 2,103.44 in midday trading.

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McCulley Leaves Pimco

Paul McCulley has stepped down as chief economist and managing director at Newport Beach-based Pacific Investment Management Co.

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Pac Merc Adds Directors

Pacific Mercantile Bancorp has added two directors to its board, including the head of Aviation Capital Group Corp., a subsidiary of Newport Beach-based Pacific Life Insurance Co.

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MV Insurance Firm Acquired

Mission Viejo-based E&O Professional Risk Management and Insurance Services LLC has been acquired by Integro Ltd. in New York.

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Corinthian Campuses Close in Canada

All of Corinthian Colleges Inc.’s 14 locations in Canada have been shuttered by regulators there, news reports said.

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Architect Gives to SC Hospital Effort

Lawrence Armstrong, a San Clemente resident and chief executive of Irvine-based architecture and planning firm Ware Malcomb, said today that his firm will donate $250,000 worth of design and planning services to keep the current Saddleback Memorial Medical Center San Clemente campus open.

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St. Joseph Health Boss to Retire

Irvine-based St. Joseph Health said today that longtime Chief Executive Deborah Proctor will retire from her post at the end of 2015.

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Octane CEO Headed to UCSD

Matthew Jenusaitis will step down as president and chief executive of Aliso Viejo-based Octane to join the University of California San Diego Healthcare System.

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Midday Stock Roundup

The S&P 500 was down 0.1% to 2,096.81 midday trading.

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Simon Scholars, Chapman Join Forces

The Simon Foundations in Newport Beach and Chapman University in Orange plan to offer scholarships to four high school students a year to major in science, technology, engineering and math (STEM) disciplines.

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Oggi’s to Tap Fast Casual Trend

San Clemente-based Oggi’s Pizza and Brewing Co. has opened an “express” location at the Village at Orange mall, marking the 23-year-old chain’s local entry into the fast-casual, build-your-own pizza arena.

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BJs Revenue, Income Up

Huntington Beach-based BJ’s Restaurants Inc. said its fourth-quarter and full-year revenues and profits increased compared with the same periods in 2013.

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Midday Stock Roundup

The S&P 500 was down 0.3% to 2,094.42 in midday trading.

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Top Billing for Allergan Name

The Allergan name will remain the calling card of the company that will be formed after the Irvine-based drug maker’s estimated $69 billion acquisition by Dublin-based Actavis Plc.

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ReShape Raises More Money

San Clemente-based device maker ReShape Medical Inc. raised $6.75 million in debt financing, according to a Securities and Exchange Commission filing.

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Kaiser Aluminum Beats Expectations

Kaiser Aluminum Corp. beat Wall Street expectations on revenue and earnings for the fourth quarter and full year.

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Golden State Plans $40M Ala. Plant

Irvine-based food manufacturer and distributor Golden State Foods Corp. is planning to spend about $40 million to build a meat processing plant in Alabama.

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Masimo Beats on Q4

Irvine patient monitor maker Masimo Corp. reported financial results after markets closed Tuesday that surpassed Wall Street expectations.

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Raj Buys NY Brand

Raj Manufacturing LLC in Tustin said it acquired Basta Co. LLC, a New York-based swim and beachwear brand.

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Midday Stock Roundup

The S&P 500 was up 0.1% to 2,099.95 in midday trading.

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HireRight Parent Files for BK

The parent company of Irvine-based employment screening firm HireRight Inc. has filed for bankruptcy protection.

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Vans Tops $2 Billion in Sales

Vans Inc. surpassed the $2 billion-mark in sales last year for the first time, according to its parent, VF Corp. in Greensboro, N.C.

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Corinthian Cal Grants Stayed

A unit of Santa Ana-based Corinthian Colleges Inc. has had $1 million in Cal Grant payments to students held up after it failed to file required documents that show financial and administrative stability, a news report said.