OC BUSINESS JOURNAL DAILY NEWS

Sunwest Hires Well Fargo's ex-OC Chief

Sunwest Bank has hired Ben Alvarado, Wells Fargo & Co.’s former chief for Orange County and San Diego.

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Midday Stock Roundup

Indices declined in midday trading on the brewing trade-and-tariff war between China and the U.S.

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Kia COO Exits

Kia Motors America Chief Operating Officer and Executive Vice President Michael Sprague will leave his post, effective April 17.

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Nekter to Add Two States

Nekter Juice Bar Inc. in Santa Ana will open franchised locations in Ohio and Minnesota this summer, new markets for the healthful food and juice bar chain.

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OC 500: Arturo Moreno

Heading into 15th season as owner of team bought from Walt Disney Co. … made fortune in billboards, Arizona … U of A grad, marketing … past owner or bidder on other sports teams … fourth-gen Mexican- American, oldest of 11 kids … father ran print shop … Catholic school, Army 1965, Vietnam vet, three kids … started foundation 2004 with second wife, Carole … it’s given $6M

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Radisson Blu Planned for Anaheim

A 12-story, 326-room Radisson Blu hotel is planned in Anaheim, about a mile from Disneyland Resort, with an opening scheduled for 2020.

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Midday Stock Roundup

The S&P 500 was up 0.5% in midday trading to 2,658.11.

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MIND Names CFO

Josephine Garrett has been named chief financial officer of Irvine-based nonprofit MIND Research Institute.

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OC 500: Carl Chang

Fast-casual, build-your-own pizza chain … aims to bulk up, be player in expected niche shake-up … No. 14 on Business Journal OC restaurant list—up 11 slots … $150M revenue, double YOY … 150 locations, most

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Alliant Buys Firm to Expand into Asia

Alliant Insurance Services Inc., a Newport Beach-based insurance broker, is expanding into Asia with the acquisition of Dumortier Risk Management Inc. Terms weren’t disclosed.

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Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading to 2,607.16.

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OC 500: Ronald Simon

Parent company runs cabinetmaker, homebuilder with $600M revenue, 4,500 employees … builds under RSI Home in Inland Empire, Texas … recent deal $250M, 1,500-home project near Austin-Round Rock … expects to have opened total of 35 communities by 2018 … plans expansion to NorCal, Ariz., Fla. … said to be eyeing solar-energy … Business Journal OC’s Wealthiest, $1B

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March Auto Sales Rise

All Orange County-based automakers reported sales increases in March except for Hyundai Motor America and Hyundai’s Genesis brand.

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Inari Medical Gets $27M

Irvine-based Inari Medical Inc. received $27 million in a series C round to support commercialization.

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Axonics Secures $40M

Irvine-based Axonics Modulation Technologies received a $40.1 million financing comprised of $20.1 million in equity and a $20 million credit facility.

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Midday Stock Roundup

The S&P 500 climbed 0.4% in midday trading to 2,590.87.

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OC 500: Aimee Weisner

Current role 2011 … reports to Mike Mussallem … previously executive VP, secretary over legal, HR, compliance— AMO, now part of J&J Vision … boards: Glaukos Corp., Heart Assn. OC … turning point: coming to California for college, ‘meeting my husband, the father of my children and love of my life, career in law and healthcare’ … 3 words for success: ‘faith, family, determination’

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Midday Stock Roundup

U.S. stocks declined across the board on worries about technology stocks and global trade. The S&P 500 dropped 2% to 2,586.41, while the Dow Jones Industrial Average fell 2.1% to 23,594.07. The Nasdaq plunged 2.4% to 6,891.07.

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OC 500: Greg Trojan

Leads second-largest OC-based restaurant chain … $640M market cap, $993M revenue, $46M net … casual dining … pivoted to smaller footprint, faster service—e.g., ordering app—to compete with fast-casual brands … big jump net revenue 2015, has leveled off … 200 locations, 10 OC … co-founded 1970s for OC Chicago deep-dish pizza … sold to accountants … 1996 IPO at $5 share

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Midday Stock Roundup

The markets are closed today in observance of Good Friday.

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OC 500: Stacey Nicholas

Backs UCI STEM programs for women, underserved … $9.5M donation to engineering school named for OC 500’s Henry Samueli … gift was two-thirds of foundation’s then-assets; has about $4.5M now … ex-wife OC 500’s Henry Nicholas … three kids … trustee, St. Margaret’s Episcopal School … master’s in electrical engineering, UCLA … worked at TRW, NCR

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FivePoint to Bring $200M City of Hope

Five Point Holdings LLC and City of Hope said today they plan to build a $200 million cancer center at the Great Park Neighborhoods in Irvine.

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Fujifilm Buying Irvine Scientific

Fujifilm Holdings plans to buy a pair of cell culture media businesses owned by Japanese oil and metals conglomerate JXTG Holdings for about $800 million.

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OC 500’s Parham Exits UCI

University of California-Irvine Vice Chancellor for Student Affairs Thomas Parham will leave his role this year to become president of California State University,-Dominguez Hills.

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Midday Stock Roundup

Indices spike upward in midday trading on the last trading day of the first quarter amid a technology stock rebound.

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