Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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BJ’s Posts Mixed Q2 Results

Huntington Beach-based BJ’s Restaurants Inc. reported second-quarter income of $12.4 million on revenue of $232 million.

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Pac Merc Q2 Profit, Loans Up

Pacific Mercantile Bancorp reported higher year-over-year net income for the second quarter citing higher yield on earning assets.

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Ammonia Producer Finishes Plant

Santa Ana-based QuantumSphere Inc. said it had completed a manufacturing facility in Santa Ana.

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Microsemi Posts Record Revenue, Profits in June Quarter

Aliso Viejo-based chipmaker Microsemi Corp. reported revenue for the June quarter that beat Wall Street expectations and adjusted profits in line with estimates.

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Midday Stock Roundup

The S&P 500 was down 0.5% in midday trading to 2,103.93.

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Students Seek $2.5B Claim Against Corinithian

Attorneys for former students of Santa Ana-based Corinthian Colleges Inc. are asking a court for permission to file a $2.5 billion claim against the bankrupt former operator of for-profit schools, the Wall Street Journal said.

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William Lyon Homes Promotes Zaist to Co-CEO

William Lyon Homes said it has promoted Matthew Zaist to the role of co-chief executive officer.

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Laguna Niguel Auction House Gets HOF Nod

Laguna Niguel-based SCP Auctions has been named the official auction and appraisal partner of the Naismith Memorial Basketball Hall of Fame.

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Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading to 2,113.48.

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Alliant Acquires Agribusiness Agency

Newport Beach-based Alliant Insurance Services Inc. has acquired an agency in Lodi that specializes in agribusiness insurance. Terms of the deal weren’t disclosed.

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Louisiana Hospital System Takes Innovation Institute Stake

The Innovation Institute in La Palma, founded with an investment from Irvine-based St. Joseph Health, said today that the Franciscan Missionaries of Our Lady Health System has become its fourth member and investor.

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Anaheim Software Maker Acquired

Anaheim-based Scenario Virtual Project Delivery was acquired by Plantation, Florida-based e-Builder Inc. on undisclosed terms.

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Kaiser Aluminum Up, Upbeat on Q2

Kaiser Aluminum Corp. beat Wall Street expectations on second-quarter revenue and income, sending shares up about 6% in midday trading Wednesday to a $1.5 billion market cap.

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Local Hospitals Make List

UC Irvine Medical Center and several other Orange County hospitals made the list of the “best hospitals” in California compiled by U.S. News & World Report.

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Rich Uncles REIT Files for IPO

Real estate investment company Rich Uncles LLC is behind an initial public offering to raise as much as $1 billion for its newly created Rich Uncles REIT Inc.

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Midday Stock Roundup

The S&P 500 was down 0.5% in midday trading to 2,116.88.

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CSUF to Get $2.4M for Migrant Education

California State University-Fullerton will get $2.4 million over five years from the U.S. Dept. of Education to offer high school and early college education for migrant farm workers and their children.

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Rich Uncles REIT Files for IPO

Real estate investment company Rich Uncles LLC is behind an initial public offering to raise as much as $1 billion for its newly created Rich Uncles REIT Inc.

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Midday Stock Roundup

The S&P 500 was up 0.1% to 2,129. 94 in midday trading.

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Johnny Rockets Goes to College

Aliso Viejo-based Johnny Rockets Restaurant Group said it will expand its “express” locations on college campuses.

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Midday Stock Roundup

The S&P 500 was down 0.1% to 2,121.88 in midday trading.

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Frost Capital, Symantec Launch Incubator

San Juan Capistrano-based investment firm Frost Data Capital has partnered with security service provider Symantec Corp. in Mountain View to create and seed startups in cyber security analytics, Big Data, and Internet of Things markets.

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Unemployment Rate Up Slightly

The unemployment rate in Orange County ticked up slightly as employers trimmed the work force in June.

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UCI on Money Magazine List

University of California-Irvine is No. 13 on Money Magazine’s 2015-2016 list of the 736 “best colleges” in the U.S.

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MV Pipeline Inspection Company Sold

Mission Viejo-based Hoffman Southwest Corp., which provides underground pipeline inspection and repair services, has been acquired by Chicago-based private equity firm Sterling Partners.