Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Edwards Beats on Profit, EPS Down in Q2

Irvine-based Edwards Lifesciences Corp. reported financial results today that exceeded analysts’ forecasts in some areas though earnings per share declined.

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International Traffic Helps Lift JWA

John Wayne Airport had an 8% year-over-year hike in international travelers in June, its first monthly increase of the year.

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Midday Stock Roundup

The S&P 500 was up 1% in midday trading to 2,091.77.

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Kareo Raises $55 Million

Irvine-based Kareo Inc. said today that it has received a $55.4 million investment.

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Cylance Gets $42M

Irvine-based security software maker Cylance Inc. has raised $42 million in a Series C funding round led by DFJ Growth in Menlo Park.

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Corinthian Seeks to Sell Heald Name

Santa Ana-based Corinthian Colleges Inc. wants to sell some of its Heald College intellectual property for $80,000, according to Dow Jones.

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New Post for Baden Amid Layoffs at Oakley

Oakley Inc. in Foothill Ranch has eliminated its “office of the CEO” and laid off more than 150 workers as part of an “integration process” with Italy-based parent Luxottica Group S.p.A.

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Del Taco Q2 Numbers Up

Lake Forest-based Del Taco Restaurants Inc. reported about $11 million in earnings for its June quarter, a 30% increase over the same period last year.

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Opus Bank Q2 Profit, Loans Up

Opus Bank reported higher year-over-year net income in the second quarter thanks to growth on a number of fronts, including interest income on loans and noninterest income.

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Irvine Med-Ed Firm Sets $20M IPO

Irvine-based Axis Research and Technologies Inc. today filed papers with the Securities and Exchange Commission seeking to sell $20 million worth of stock in an initial public offering.

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Midday Stock Roundup

The S&P 500 was up down 0.5% in midday trading to 2,069.79.

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Allergan in $40B Generics Deal

Allergan PLC said today that it will sell its generic drug business for $40.5 billion in cash and stock to Teva Pharmaceutical Industries Ltd.

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Vizio Files for IPO

Irvine-based Vizio Inc. has filed a registration statement with the Securities and Exchange Commission to raise up to $172.5 million in an initial public offering.

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Mitsubishi to Shut U.S. Factory

Cypress-based Mitsubishi Motors North America Inc. said it plans to end production here.

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Mitsubishi to Shut U.S. Factory

Cypress-based Mitsubishi Motors North America Inc. said it plans to end production here.

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Vans Up in Q2

Vans Inc. revenue was up 17% for the second quarter, which ended July 4, according to its parent, Greenboro, N.C.-based VF Corp.

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Midday Stock Roundup

Stock indices were lower in midday trading on companies’ mixed quarterly results and a fall in commodities prices.

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$40M for HB Paddle Board Brand

Stand-up paddle board maker Jimmy Styks LLC in Huntington Beach was acquired by Clearfield, Utah-based Vista Outdoor Inc. in a $40 million, all-cash deal.

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BJ’s Posts Mixed Q2 Results

Huntington Beach-based BJ’s Restaurants Inc. reported second-quarter income of $12.4 million on revenue of $232 million.

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Pac Merc Q2 Profit, Loans Up

Pacific Mercantile Bancorp reported higher year-over-year net income for the second quarter citing higher yield on earning assets.

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Ammonia Producer Finishes Plant

Santa Ana-based QuantumSphere Inc. said it had completed a manufacturing facility in Santa Ana.

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Microsemi Posts Record Revenue, Profits in June Quarter

Aliso Viejo-based chipmaker Microsemi Corp. reported revenue for the June quarter that beat Wall Street expectations and adjusted profits in line with estimates.

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Midday Stock Roundup

The S&P 500 was down 0.5% in midday trading to 2,103.93.

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Students Seek $2.5B Claim Against Corinithian

Attorneys for former students of Santa Ana-based Corinthian Colleges Inc. are asking a court for permission to file a $2.5 billion claim against the bankrupt former operator of for-profit schools, the Wall Street Journal said.

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William Lyon Homes Promotes Zaist to Co-CEO

William Lyon Homes said it has promoted Matthew Zaist to the role of co-chief executive officer.