Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Midday Stock Roundup

The S&P 500 fell 0.27% to 1,949.85 in midday trading Friday.

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OC Loses Jobs, Unemployment Rate Ticks Up

Orange County lost 13,900 jobs in July, breaking a five-month streak of job gains.

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Irvine Watchmaker Partners With Guess

Martian Watches, an Irvine-based maker of “smart” watches, has partnered with Guess? Inc. in Los Angeles to develop “interactive, voice-command wrist accessories.”

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Irvine chipmaker raises $19.7M

Irvine-based networking chipmaker ClariPhy Communications Inc. has raised $19.7 million in venture funding, according to San Francisco-based market tracker CrunchBase.

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SEC Looking Into Valeant, Pershing Square

The Securities and Exchange Commission is probing Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman’s Pershing Square Capital Management LP to determine if there has been a breach of insider trading laws in their hostile bid for Irvine-based Allergan Inc., according to reports.

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Incipio Inks Deal with Kate Spade

Incipio Technologies Inc. said it has signed a licensing agreement with fashion designer Kate Spade & Co. in New York.

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Midday Stock Roundup

The S&P 500 rose 0.31% to 1,952.69 in midday trading Thursday.

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Creamistry Ice Cream Shops to Franchise

Irvine-based ice cream shop Creamistry plans to franchise and expand its present single site at the Crossroads shopping center on Barranca Parkway.

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New Website for Laguna Beach Hospitality Group

Visit Laguna Beach has a new website.

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Saddleback Medical Center Conversion Studied

Saddleback Medical Center Conversion Studied

Fountain Valley-based MemorialCare Health System said today that it would do a feasibility study with an eye toward converting the San Clemente campus of its Saddleback Memorial Medical Center to an ambulatory healthcare campus.

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Midday Stock Roundup

The S&P 500 rose 0.67% to 1,946.74 in midday trading Wednesday.

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Golden State Foods Buys Salad Supplier in NZ

Irvine-based food manufacturer and distributor Golden State Foods Corp. has acquired a vegetable supplier in New Zealand.

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Anaheim, Newport Beach on Hospitality Venue List

Anaheim and Newport Beach were among the most-sought U.S. cities for events in the past year, according to a list released by a McLean, Va.-based online database of meetings venues.

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Irvine Burger Chain Reportedly Mulls IPO

The parent company of Irvine-based fast casual hamburger chain Habit Burger Grill is eyeing an initial public offering, according to reports.

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Midday Stock Roundup

The S&P 500 fell 0.24% to 1,932.22 in midday trading Tuesday.

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OC Investors Partner in Beverly Hills Buy

Two Orange County-based investment firms have partnered to acquire a majority stake in Mob Scene LLC, an entertainment marketing and production company in Beverly Hills.

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Wet Seal Opens ‘Plus’ Stores

Wet Seal Inc. said it will celebrate the opening of 31 Wet Seal Plus stores across the country on Aug. 16, including one Orange County location at The Shops at Mission Viejo.

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Real Mex Names Yum Vet CFO

Cypress-based Real Mex Restaurants Inc. said on Monday it named Laurie Lawhorne its new chief financial officer.

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Anaheim Hospitality Group Partners with Baltimore, San Antonio

The Anaheim/Orange County Visitor & Convention Bureau said it would integrate sales efforts with two other cities to target meeting professionals for multi-year bookings.

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OC-Based Korean Restaurant to Irvine Spectrum

Irvine-based Urban Seoul will open this month at the Irvine Spectrum.

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Midday Stock Roundup

The S&P 500 rose 0.53% to 1,941.82 in midday trading Monday.

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Four OC Restaurants in Expo Charity Event

Four Orange County-based restaurant companies will compete in a fundraising food event at the upcoming Western Foodservice & Hospitality Expo at the Anaheim Convention Center.

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Masimo Slides on Earnings Miss

Shares of Irvine-based Masimo Corp. fell sharply today, one day after its second-quarter results missed analysts’ forecasts.

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Midday Stock Roundup

The S&P 500 rose 0.4% to 1,916.80 in midday trading Friday.

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Hyundai to Pay Penalty for Failing to Report Defect

Hyundai Motor America said it will pay a $17.4 million civil penalty and comply with the National Highway Traffic Safety Administration’s oversight requirements for failing to report in a timely manner a braking system defect that affected Hyundai Genesis vehicle model years 2009 to 2012.