Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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UCI Squid Research Could Help on Medical Devices

University of California-Irvine materials science researchers have found a protein in squid skin that could be useful in developing medical devices.

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JWA Area Hotel Completes $3.3 Million Upgrade

The Residence Inn Irvine John Wayne Airport/Orange County said it completed its $3.3 million renovation of 174 suites.

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Midday Stock Roundup

The S&P 500 rose 0.36% to 1,980.43 in midday trading Wednesday.

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Allergan Dismisses Ackman’s Move

Allergan Inc. rebuffed Bill Ackman’s latest attempt to push the Irvine-based drug maker to reconsider the value of Valeant Pharmaceuticals International Inc.’s takeover bid.

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Oculus Cancels Some Rift Pre-Orders

Irvine-based Oculus VR Inc. has cancelled some pre-orders for its Rift VR DK2 headset after finding them for sale on eBay and other ecommerce sites.

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NB Software Firm Buys Two Companies

Newport Beach-based Qliktag Software Inc. acquired two companies on undisclosed terms.

Kaiser Aluminum EVP for Strategy Resigns

Kaiser Aluminum Corp.’s executive vice president of strategy resigned a month after his promotion to the post, according to company’s July 11 filing with U.S. Securities and Exchange Commission.

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Sudek to Leave Chapman for UCI

University of California-Irvine has tapped the angel investor who heads Chapman University’s entrepreneurship center to direct its Institute for Innovation.

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NB Surgery Center Operator Gets $14M

Newport Beach-based surgery center operator Starpoint Health Inc. has received $14 million in a credit facility for recapitalization from Monroe Capital LLC in Chicago.

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Ketchum U. Names Dean for New School

Fullerton-based Marshall B. Ketchum University named Judy Ortiz the first dean of its College of Health Sciences and director of its new School of Physician Assistant Studies.

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Corinthian Reassures Students on Closings

Corinthian Colleges Inc. is telling students at campuses slated to close they can finish their degrees.

Kaiser Aluminum EVP for Strategy Resigns

Kaiser Aluminum Corp.’s executive vice president of strategy resigned a month after his promotion to the post, according to company’s July 11 filing with U.S. Securities and Exchange Commission.

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NB Surgery Center Operator Gets $14M

Newport Beach-based surgery center operator Starpoint Health Inc. has received $14 million in a credit facility for recapitalization from Monroe Capital LLC in Chicago.

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Ketchum U. Names Dean for New School

Fullerton-based Marshall B. Ketchum University named Judy Ortiz the first dean of its College of Health Sciences and director of its new School of Physician Assistant Studies.

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Sudek to Leave Chapman for UCI

University of California-Irvine has tapped the angel investor who heads Chapman University’s entrepreneurship center to direct its Institute for Innovation.

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Corinthian Reassures Students on Closings

Corinthian Colleges Inc. is telling students at campuses slated to close they can finish their degrees.

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El Pollo Loco Sets IPO Price

Costa Mesa-based El Pollo Loco Holdings Inc. has set the terms for its planned IPO, according to reports.

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J.L. Patterson Gets $7M Contract on SD County Bridges

Orange-based J.L. Patterson & Associates Inc. has received a $7 million contract from Oceanside-based North County Transit District to provide bridge inspection and management services.

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JLL Buys San Clemente Construction Manager

Chicago-based commercial real estate brokerage JLL, has acquired Cleo Construction Management in San Clemente for an undisclosed amount.

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190,000 SF Lease for Manhattan Beachwear

Cypress-based swimsuit maker Manhattan Beachwear LLC has signed a lease on a 191,000 square-foot location in Buena Park, where it plans to set up a warehouse and distribution center.

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$4.8M for Diabetes Management Startup

Laguna Hills-based Metronom Health Inc. has raised $4.8 million in seed funding, according to a filing with the Securities and Exchange Commission.

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OC Museum of Art Selling Newport Center Property

The Orange County Museum of Art said on Monday that it is negotiating with a unit of New York-based developer Related Companies to sell its Newport Center property.

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FV Hospital Gets New COO, Local Hospitals on ‘Best’ List

Fountain Valley Regional Hospital & Medical Center has appointed Edward Littlejohn its new chief operating officer.

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3 New Execs for Santa Ana Healthcare Firm

Santa Ana-based managed-care provider Health Essentials LLC has tapped several new executives as it plans to participate in Cal MediConnect, a new initiative that aims to promote healthcare services to seniors and patients with disabilities.

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Midday Stock Roundup

The S&P 500 declined 0.26% to 1,971.92 in midday trading Tuesday.