Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Pacific Premier Profit Up for 2014

Irvine-based Pacific Premier Bank had $16.6 million in net income last year, an 85% increase from 2013.

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Santa Ana, Cypress Colleges Plan Bachelor’s Degrees

Santa Ana College and Cypress College were named to a list of 15 community colleges statewide that can offer four-year college degrees, according to the California Community Colleges chancellor’s office.

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Midday Stock Roundup

The S&P 500 was down 0.2% to 2,014.84 in midday trading.

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Alliant in $300M Deal to Buy QBE Units

Newport Beach-based Alliant Insurance Services Inc. has agreed to pay about $300 million to acquire QBE US Agencies, the U.S. operations of Sydney, Australia-based QBE Insurance Group Ltd.

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San Clemente Auto Software Firms Buys Marketer

San Clemente-based automotive customer service firm DealerSocket Inc. has acquired DealerFire, a web design and digital marketing firm in Oshkosh, Wis.

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9 Builders Tapped for 2nd Great Park Home Site

Irvine-based Standard Pacific Corp. is the lone locally-based homebuilder tapped to build homes at Beacon Park, the second community planned for the Great Park Neighborhoods.

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Sunstone Gets New CEO

Sunstone Hotel Investors Inc. president John Arabia has been appointed chief executive of the Aliso Viejo-based company.

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Midday Stock Roundup

The markets are closed today in observance of the Martin Luther King, Jr. holiday.

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Midday Stock Roundup

The S&P 500 was up 0.9% to 2,009.59 in midday trading.

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Pimco Hires Ex-White House Adviser

Newport Beach-based Pacific Investment Management Co. has tapped former White House economic adviser Gene Sperling as a consultant on U.S. economic policy.

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Lyon Starts Mortgage Arm With Stearns

Newport Beach-based homebuilder William Lyon Homes has partnered with Stearns Lending LLC in Santa Ana to create William Lyon Mortgage LLC.

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NB Investor Buys Furniture Maker

Newport Beach-based investment firm Excelsior Capital Partners LLC has acquired office furniture maker Via Seating Inc.

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Wet Seal Files Chapter 11

Foothill Ranch-based retail chain Wet Seal Inc. filed for Chapter 11 bankruptcy on Thursday, and said it plans to continue to operate its recently pared-down business under the jurisdiction of the court.

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Montage EVP Named President, COO

Irvine-based Montage Hotels & Resorts promoted Executive Vice President Jason Herthel to president and chief operating officer, new positions for the company.

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VC Deals Up in 2014

Orange County companies drew $702.3 million in venture capital funding in 2014, up about 1% from a year earlier.

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Bruxie Taps Brand Man as President

Anaheim-based Bruxie Gourmet Waffle Sandwiches named Dave Barrows its first president, according to a news report.

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Midday Stock Roundup

The S&P 500 was down 0.9% to 1,993.79.

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Convention Bureau Gives Details on Expansion Plan

The Anaheim/Orange County Visitor & Convention Bureau on Wednesday detailed its $240 million expansion plan for the Anaheim Convention campus, which includes the Hilton Anaheim, Anaheim Marriott and Sheraton Park Hotel.

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Incipio Signs Deal with Snowboard Firm

Incipio Technologies Inc. in Irvine said it signed a multiyear licensing deal with Burton Snowboards to manage the manufacturing and distribution of accessories for various mobile devices for the Burlington, Vt.-based company.

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La Palma Hospital Goes Nonprofit

Ontario-based Prime Health Services said today that it donated La Palma Intercommunity Hospital to the Prime Healthcare Foundation.

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Plaza Bank, Bank of Manhattan Combine

Irvine-based Plaza Bank has agreed to acquire Bank of Manhattan in El Segundo in deal valued at about $52 million.

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OC Firms Outpace US Patent Growth

Orange County companies received 3,520 U.S. patents in 2014, up 12% year-over-year.

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Midday Stock Roundup

Stock indices declined in midday trading on news of a projected decline in global economic growth.

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UCI Medical Center Chief to Retire

UC Irvine Medical Center Chief Executive Terry Belmont said today that plans to retire from the post on June 30.

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Beer Tap Company Taps $1M Funding

Lake Forest-based iPourIt has received $1 million in angel funding from a group led by Tech Coast Angels, with the potential for another $250,000, according to the company.