Orange County Business Journal


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Two Acquisitions Paved Way for New Western Digital HQ

Western Digital Corp.’s newly designated headquarters in San Jose reflects the growing influence and importance of the company’s two priciest buys in its 57-year history.

By Chris Casacchia April 18, 2017 10:11 a.m. share »
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True Drinks Names CEO

True Drinks Holdings Inc. in Irvine named James Greco its chief executive.

By Paul Hughes April 18, 2017 9:22 a.m. share »
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Sugarman’s Package: $18.2 Million

Banc of California former Chief Executive Steven Sugarman received an $18.2 million pay package in the past year, according to the company’s proxy released today.

April 17, 2017 4:42 p.m. share »
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Solis Sells Apparel Maker to Bunzl

Solis Capital Partners of Newport Beach sold ML Kishigo Manufacturing Co. to Bunzl PLC. Terms of the transaction weren’t disclosed.

By Peter J. Brennan April 17, 2017 1:55 p.m. share »
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Midday Stock Roundup

The S&P 500 was up 0.6% in midday trading to 2,341.99.

April 17, 2017 11:03 a.m. share »
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Emerald Prices IPO

Emerald Expositions Events Inc. in San Juan Capistrano is slated to raise about $300 million in its initial public offering, according to documents filed with the Securities and Exchange Commission.

By Mediha DiMartino April 17, 2017 10:51 a.m. share »
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LoanDepot Focus ‘Customer Experience’

Dominick Marchetti is on the hot seat at loanDepot LLC, the fast-growing mortgage lender based in Foothill Ranch.

By Peter J. Brennan April 17, 2017 10:26 a.m. share »
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Glaukos’ $5.5M Buy Grows Line

Glaukos Corp. in San Clemente paid $5.5 million to Dose Medical Corp. in Laguna Hills for wireless sensor technology to incorporate into Glaukos’ eye stent product line to treat glaucoma.

By Sherry Hsieh April 14, 2017 11:31 a.m. share »
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Midday Stock Roundup

The markets are closed today in observance of Good Friday.

By Paul Hughes April 14, 2017 8:32 a.m. share »
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TRI Pointe Stock Performance Slammed by Starwood

An eight-year partnership between Irvine-based homebuilder TRI Pointe Group Inc. and its former majority shareholder ended on an unexpected sour note.

By Mark Mueller April 14, 2017 8:12 a.m. share »
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AC Hotel Irvine Opens

The AC Hotel Irvine opened March 31.

By Paul Hughes April 13, 2017 4:24 p.m. share »
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OC TV Stations Get $115M

PBS SoCal KOCE, with headquarters in Costa Mesa, will receive $49 million and KDOC-TV in Santa Ana will receive $66 million from the Federal Communication Commission’s “World's First Broadcast Incentive Auction,” which closed today.

By Deirdre Newman April 13, 2017 1:06 p.m. share »
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El Pollo Loco Cuts Franchise Fees

El Pollo Loco Holdings Inc. in Costa Mesa will lower initial franchise fees and cut the royalty rates it charges franchisees to boost growth.

By Paul Hughes April 13, 2017 12:56 p.m. share »
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Brewer, Tasting Room Closes

Valiant Brewing Co. in Orange closed March 31.

By Paul Hughes April 13, 2017 12:10 p.m. share »
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Midday Stock Roundup

The S&P 500 was down 0.4% in midday trading to 2,334.89.

By Paul Hughes April 13, 2017 11:09 a.m. share »
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Bill Gross Wins, But Still Chasing PIMCO

Bill Gross can claim he won a battle when the company he co-founded, Pacific Investment Management Co., agreed late last month to pay him an estimated $81 million to resolve a bitter split.

By Peter J. Brennan April 13, 2017 11:05 a.m. share »
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Biolase to Raise Up to $17.6M

Biolase Inc. in Irvine plans to raise up to $17.6 million, including warrants, in a private placement with several investors.

By Paul Hughes April 13, 2017 11:02 a.m. share »
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Palace Parent’s PE Firm Sells Stake

The private equity firm that took Palace Entertainment Holdings LLC’s parent company public last year has sold a 15% stake in the company for about $221 million to a Belgium-based investor.

By Paul Hughes April 13, 2017 10:12 a.m. share »
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UCI Receives $1 Million Estate Gift

University of California-Irvine announced today a $1 million gift from the estate of Christian Werner, former professor emeritus of geography and former dean of the School of Social Sciences.

By Deirdre Newman April 12, 2017 4:40 p.m. share »
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Ocean Institute Gets CEO

Ocean Institute in Dana Point named Dan Pingaro president and chief executive, effective April 24.

By Deirdre Newman April 12, 2017 1:45 p.m. share »
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Quality Systems in $34M Buy

Quality Systems Inc. subsidiary NextGen Healthcare Information Systems LLC will buy Entrada Inc. for $34 million.

By Sherry Hsieh April 12, 2017 12:40 p.m. share »
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Eyes Have It ... Again

Another Orange County device maker wants an aging U.S. population to see better.

By Sherry Hsieh April 12, 2017 11:02 a.m. share »
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Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading to 2,346.68.

By Paul Hughes April 12, 2017 11 a.m. share »
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Ubiquity Shareolders to Testify Before SEC

Shareholders in the troubled Ubiquity Inc. of Irvine are permitted to testify at a Security and Exchange Commission public hearing on April 17 in Washington, D.C., according to its majority owner Strategic Capital Management Ltd.

By Deirdre Newman April 12, 2017 6 a.m. share »
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Carnival to Double Long Beach Berths

Carnival Cruise Line will double its Long Beach operations in square footage and ships under an expansion that breaks ground tomorrow.

By Paul Hughes April 11, 2017 2:29 p.m. share »