Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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San Clemente Software Maker in $55M Buy

DealerSocket Inc. in San Clemente said it will buy the Inventory+ suite of technology products from Lake Success, N.Y.-based Dealertrack Technologies Inc. for $55 million in cash.

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UC Irvine Geriatric Health Unit Receives $2.5M

UC Irvine Health, the medical enterprise of the University of California-Irvine, said its division of geriatric medicine and gerontology received a three-year, $2.5 million grant from the U.S. Department of Health and Human Services.

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Midday Stock Roundup

Major indices were down in midday trading on global growth fears.

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Eight OC High Schools on Newsweek List

Eight local schools are on Newsweek magazine’s America’s Top High Schools 2015 list.

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Midday Stock Roundup

Major indices were down in midday trading on a decline in oil prices and stock market volatility in China and emerging markets.

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Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading at 2,095.42.

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Hyundai, Kia Pick New Media Buyer

Hyundai Motor America Inc. in Fountain Valley said it will shift its media-buying business to Canvas Worldwide, effective Jan. 1.

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Hotel Irvine GM Shifts to Apartments

Former Hotel Irvine General Manager J.D. Shafer has been named a senior director of community management for Irvine Company Apartment Communities.

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UCI Set for $3M to Study Jains, Sikhs

University of California-Irvine confirmed two $1.5 million donation agreements to endow chairs in studies of Sikhs and Jains signed last week in Buena Park at the Jain Center of Southern California.

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Banc of CA CFO to Leave

The chief financial officer of Irvine-based Banc of California is stepping down, according to a document filed with the Securities and Exchange Commission.

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Midday Stock Roundup

The S&P 500 was up 0.5% in midday trading to 2,100.89.

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Banc of CA CFO to Leave

The chief financial officer of Irvine-based Banc of California is stepping down, according to a document filed with the Securities and Exchange Commission.

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,089.16.

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$749M in Hotel Sales in First Half of 2015

Eleven Orange County hotels sold for a total of $749 million in the first half of 2015, according to Irvine-based Atlas Hospitality Group’s mid-year survey of hotel sales.

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Toba Backs Software Startup

Newport Beach-based venture capital firm Toba Capital has partnered with an information technology company to invest $20 million in WSO2, a software developer in Mountain View.

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El Pollo Loco Down on Revenue Miss

Costa Mesa-based El Pollo Loco Holdings Inc. shares fell more than 18% in midday trading after the company reported quarterly revenue yesterday that was below analyst expectations.

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Swimwear Maker Takes New Name

Raj Manufacturing LLC in Tustin has rebranded itself as Raj Swim to better showcase the company’s culture.

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Ultra Mobile Tops Inc. 5000

Costa Mesa startup Ultra Mobile has zoomed to the top of the list of the 5000 fastest growing private companies in the U.S., according to Inc. Magazine.

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,092.41.

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Habit to Enter Idaho

Irvine-based Habit Restaurants Inc. will debut in its seventh state with a restaurant opening this year in Meridian, Idaho, a news report said.

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WD Names New Chairman

Former Western Digital Corp. Chairman and Chief Executive Matthew Massengill will regain the top board seat following the retirement of Tom Pardun later this year, the Irvine-based storage products maker announced.

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HB’s Paséa Hotel & Spa Names GM

Pacific Hospitality Group named Scott Blakeslee general manager of the under-construction Paséa Hotel & Spa in Huntington Beach.

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Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading to 2,077.90.

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Irvine Brewery Set to be Sold

Evans Brewing Co. Inc. in Santa Ana said in a regulatory filing it plans to buy Bayhawk Ales Inc. in Irvine and to exchange shares in Evans, one-for-one, for those in Bayhawk.

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Midday Stock Roundup

Major indices declined in midday trading on China devaluing its currency.