Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Telogis Gets $25M Investment

Aliso Viejo-based Telogis Inc. has raised another $25 million in venture capital funding.

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Hot Dog Chain Sponsors Indy Racer

Wienerschnitzel said it will sponsor race car driver J.R. Hildebrand in Sunday's Indianapolis 500.

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Midday Stock Roundup

The S&P 500 was down 0.1% to 2,122.65.

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First Foundation Starts Insurance Unit

Irvine-based banking and wealth planning firm First Foundation Inc. has launched a property and casualty insurance brokerage unit.

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Midday Stock Roundup

Stock indices were down in midday trading.

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Ad Firm Takes Stake in OC Company

Dentsu Inc. said it acquired a 33% stake in Laguna Hills-based Athletes First LLC to help the athlete management agency expand its business in the U.S. and internationally.

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OC Auto Sales Up in April

Orange County auto dealers sold 14,888 vehicles in April, an 8.1% increase from the same period last year, according to the Newport Beach-based Orange County Automobile Dealers Association.

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Confie Buys in NY State

Huntington Beach-based insurance broker Confie Seguros has acquired three brokerage firms in Buffalo, N.Y.

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El Pollo Loco Down on Comps, Guidance

Shares in Costa Mesa-based El Pollo Loco Holdings Inc. fell about 11% in after-hours trading as same store sales growth slowed and the fast food chicken chain offered tepid full-year earnings guidance.

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Pimco’s Head of Equities to Leave

Newport Beach-based Pacific Investment Management Co. said its London-based chief investment officer of global equities is stepping down after a little more than a year on the job.

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Midday Stock Roundup

Stock indices were higher in midday trading on positive employment numbers and a report that a lending rate increase by the U.S. Federal Reserve would not occur before September.

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Southwest to Add Missouri, Mexico Routes From JWA

Southwest Airlines said it would start flying to Kansas City and St. Louis from John Wayne Airport on Nov. 22.

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Tesla to Open Buena Park Location

Tesla Motors Inc. plans to open a showroom and a service center in Buena Park this summer, its second in Orange County.

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Irvine Commercial Printer Sold

Fontis Solutions in Irvine has been acquired by Dallas-based franchisor Safeguard Business Systems.

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Irvine Commercial Printer Sold

Fontis Solutions in Irvine has been acquired by Dallas-based franchisor Safeguard Business Systems.

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Glaukos Files for IPO

Laguna Hills-based Glaukos Corp. has filed plans to raise $86 million in an initial public offering.

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Midday Stock Roundup

The S&P 500 was up 0.13% to 2,101.80.

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Hollywood & Sports Exec to Advise Laguna Beach VR Firm

Hollywood and sports executive and entrepreneur Peter Guber will chair the newly formed advisory committee for Laguna Beach-based virtual reality content provider NextVR.

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Midday Stock Roundup

The S&P 500 was down 0.2% to 2,100.40.

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Clean Energy Shares Fall on Missed Targets

Shares of Clean Energy Fuels Corp. were down about 2% in midday trading Tuesday after the Newport Beach-based company reported first-quarter revenue and adjusted profits that missed Wall Street expectations.

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Asset Manager Takes Habit Stake

New York City-based asset management firm AllianceBernstein LP disclosed in a regulatory filing a 12.7% stake in Irvine-based Habit Restaurants Inc.

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LoanDepot Doubles Space, Plans to Hire 1,000

Foothill Ranch-based mortgage lender loanDepot LLC has doubled its Orange County office space to more than 238,000 square feet to accommodate its growing direct-lending center.

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Midday Stock Roundup

The S&P 500 was down 0.2% to 2,111.01.

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Del Taco Revenue, Income, Buyer's Shares Up

Shares in the company that plans to buy Lake Forest-based Del Taco Holdings Inc. rose about 5% in early trading today as the Mexican-themed fast food chain reported first quarter earnings up about 33% on revenue up about 9%, compared with the same period last year.

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Midday Stock Roundup

Stock indices were broadly higher on a positive jobs report from April.