Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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ICU Surges on Earnings Revision

San Clemente-based ICU Medical Inc.’s stock shot up today after it forecast stronger financial results for the full year.

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Midday Stock Roundup

Major stock indices were flat in midday trading.

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LB Couple Gives $9M to UCLA

B. John and Amelia Garrick of Laguna Beach have given $9 million to the University of California-Los Angeles for a new engineering center.

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Southwest Seeks JWA Flight to Puerto Vallarta

John Wayne Airport’s largest airline has filed an application with the U.S. Department of Transportation to add service to Puerto Vallarta beginning June 7, 2015.

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El Pollo Loco Insiders to Sell 6M Shares

El Pollo Loco insiders plan to sell 6 million shares, according to a U.S. Securities and Exchange Commission filing yesterday.

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Midday Stock Roundup

The S&P 500 rose 0.22% to 2,036.25 in midday trading.

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Quiksilver Sells Retailer to Rival

Quiksilver Inc. has sold online retailer Surfdome.com in the United Kingdom to Australia-based rival SurfStitch for $45 million, according to the Australian Financial Review.

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Habit Sets IPO Terms

Irvine-based the Habit Restaurants Inc. plans to offer 5 million shares priced at $14 to $16 a share in its initial public offering, according to updated filings with the U.S. Security and Exchange Commission.

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Chapman Indie Film Rights Sold

A film made by Chapman Filmed Entertainment LLC has sold U.S. distribution rights for a “mid-six figures” amount to ARC Entertainment, according to news reports.

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JWA Opens Bob Hope USO

John Wayne Airport said it would officially open a site of the Bob Hope USO today in the Thomas F. Riley Terminal B arrivals area.

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Hoag Gives $3.7M to Senior Center

Hoag Memorial Hospital said today it donated $3.775 million to the new Huntington Beach Senior Center in the Park.

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JWA Opens Bob Hope USO

John Wayne Airport said it would officially open a site of the Bob Hope USO on Monday in the Thomas F. Riley Terminal B arrivals area.

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Midday Stock Roundup

The S&P 500 rose 0.03% to 2,031.88 in midday trading.

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Irvine Insurance Brokerage Acquired

Irvine-based NuWest Insurance Services Inc. has been acquired by Marsh & McLennan Agency LLC on undisclosed terms.

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Two Freedom Shareholders Press for Receivership

Two investors who helped Aaron Kushner and Eric Spitz finance the purchase of Freedom Communications in 2012 have asked the Delaware Chancery Court to put the media company’s operations into receivership, claiming “it needs independent oversight because the company is insolvent and in financial distress from mismanagement,” according to the website Law360.

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El Pollo Loco Sales Up, Revs In Line

Costa Mesa-based El Pollo Loco Holdings Inc. reported higher same-store sales and revenues in line with analysts' expectations.

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Microsemi in Line on September Quarter

Aliso Viejo-based chipmaker Microsemi Corp. today reported revenue in the September quarter slightly above Wall Street expectations and adjusted profits in line with estimates.

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Two Freedom Shareholders Press for Receivership

Two investors who helped Aaron Kushner and Eric Spitz finance the purchase of Freedom Communications in 2012 have asked the Delaware Chancery Court to put the media company’s operations into receivership, claiming “it needs independent oversight because the company is insolvent and in financial distress from mismanagement,” according to the website Law360.

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Allergan Said in Talks with Actavis

Irvine-based drug maker Allergan Inc. is in active talks with New Jersey-based Actavis PLC about a deal, sources familiar with the situation told Bloomberg today.

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Midday Stock Roundup

The S&P 500 rose 0.16% to 2,026.78 in midday trading.

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CSUF Reports $16M in Gifts

Cal State University-Fullerton received just more than $16 million in gifts in its most recent fiscal year, nearly double the prior year’s total, the school said.

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Tsaos Earn HOF Nod

Orange County entrepreneurs Victor and Janie Tsao will be inducted into the Consumer Electronics Hall of Fame at a special event in Manhattan next week.

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Midday Stock Roundup

The S&P 500 rose 0.52% to 2,022.61 in midday trading.

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Transit Center Signs Tenants

The Anaheim Regional Transportation Intermodal Center (ARTIC) has signed several new retail and restaurant tenants, the center said.

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Two OC Automakers Beat U.S. Sales Numbers

Two Orange County-based automakers beat national new-vehicle sales figures in October as the other two fell below U.S. averages, according to New Jersey-based market researcher Autodata Corp.