Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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$40M for AV-Based VR Camera Maker

Aliso Viejo-based 360fly Inc. has raised $40 million in a Series C financing round to boost global sales and marketing efforts for its breakthrough 360-degree 4K camera to be released later this month.

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Santa Ana Lender Names CFO

Santa Ana-based Stearns Lending LLC named Steve Smith chief financial officer.

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Midday Stock Roundup

The S&P 500 was down 0.1% in midday trading to 2,049.01.

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B Riley in $170M Buy

B. Riley Financial Inc., a Los Angeles-based investment firm that maintains an office in Newport Beach, is buying internet service provider United Online Inc. for $11 a share or about $170 million.

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NextVR Adds Deal with Live Nation

Laguna Beach-based virtual reality content maker NextVR Inc. has struck a deal with one of the world’s largest event companies to bring “hundreds” of live concerts to fans across the globe through virtual reality.

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Ingersoll Rand Buys in OC

Osterbauer Compressor Service, a distributor of heating and cooling systems in Buena Park, has been acquired on undisclosed terms by Davidson, N.C.-based environmental-systems maker Ingersoll Rand.

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Women Feted at Journal Awards

Some 900 attendees gathered at the Business Journal’s 22nd Annual Women in Business Awards, where Lisa Vogel, co-president of RAJ Swim in Tustin, delivered the keynote address encouraging women in business to be open, humble and flexible.

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Masimo Beats Q1 Estimates

Irvine-based patient monitor maker Masimo Corp. today reported first-quarter results that outpaced Wall Street forecasts.

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Glaukos Guides Higher, Shares Up

Shares of Laguna Hills-based Glaukos Corp. rose today on first-quarter results that beat expectations.

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Top Local Editor to Leave Register

Orange County Register Managing Editor Donna Wares will leave the paper Friday to serve as editorial director for a yet-to-launch online travel enterprise, according to the daily newspaper.

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Midday Stock Roundup

The S&P 500 was down 0.6% in midday trading to 2,051.23.

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UCI Lab Gets Federal Designation

University of California-Irvine’s high-containment, biosafety level 3, training laboratory has been selected as the third facility in the country designated by the National Institutes of Health’s National Biosafety & Biocontainment Training Program to provide continuing education to professionals in a simulated setting.

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Gross Gives $2M to Pimco Foundation

Bond fund manager Bill Gross plans to donate $2 million to the Pimco Foundation after he sold a portion of his Swiss stamp collection.

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FivePoint Completes Restructuring

Aliso Viejo-based FivePoint Communities Inc. completed a reorganization that gives it ownership of four of California’s largest master-planned communities, including Irvine’s Great Park Neighborhoods.

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Working Wardrobes HQ to Irvine

Working Wardrobes, a non-profit that provides career training, job placement assistance and professional wardrobe services, is moving from Costa Mesa to Irvine.

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Orange Coast Magazine Names Editor

Alan Gibbons will take over as editor-in-chief of Orange Coast Magazine on May 16.

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Most OC Carmakers Beat U.S. Pace

Three of four Orange County-based automakers exceeded the national sales pace for new vehicle sales in April, according to New Jersey-based market researcher Autodata Corp.

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Midday Stock Roundup

The S&P 500 was down 0.8% in midday trading to 2,064.27.

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Universal Services to Merge

Santa Ana-based commercial security and janitorial services company Universal Services of America will merge on undisclosed terms with AlliedBarton Security Services in Conshohocken, Pa. to create a company named AlliedUniversal.

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Del Taco Swings to Q1 Profit

Lake Forest-based Del Taco Restaurants Inc. reported net income of about $3.1 million for the first quarter of 2016 compared with a $4.9 million loss year-over-year.

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Midday Stock Roundup

The S&P 500 was up 0.7% in midday trading to 2,078.85.

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Sock Maker Raises $30M

San Clemente-based Stance Inc. received $30 million in Series D funding led by Mercato Partners in Salt Lake City.

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Midday Stock Roundup

The S&P 500 was down 0.8% in midday trading to 2,059.08.

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California Republic Bank Acquired

Irvine-based California Republic Bancorp has been sold to Mechanics Bank in Walnut Creek in a deal worth an estimated $330 million in cash.

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Anaheim Apparel Maker to Be Sold

Midlothian, Texas-based Ennis Inc. said it plans to sell Alstyle Apparel LLC in Anaheim to the newly formed Alstyle Operations LLC for $76 million in cash and $12 million to cover a 60-month equipment lease.