Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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OC Production ­ Hits Big Time on NBC

An Orange County entrepreneur with zero dance experience has built an international dance empire that’s now on prime-time TV on NBC. And its business model has obtained such a wide reach that others want to emulate it.

By Deirdre Newman June 12, 2017 10:48 a.m. share »
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Ticketing Division Sold

Comcast Spectacor, part of Comcast Corp., sold Irvine-based division Spectra’s Ticketing & Fan Engagement to college sports marketer Learfield Communications LLC in Plano, Texas, on undisclosed terms.

June 12, 2017 10:42 a.m. share »
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Midday Stock Roundup

The S&P 500 was flat in midday trading at 2,434.27.

By Paul Hughes June 9, 2017 10:50 a.m. share »
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Hospitals, Detox and Rehab

How should dependence on a drug or substance be characterized—a choice or a disease? The latter, as addiction is defined as “a mental illness” that “changes the brain in fundamental ways … resulting [in] compulsive behaviors that override the ability to control impulses despite the consequences,” according to the National Institute on Drug Abuse.

By Sherry Hsieh June 9, 2017 9:52 a.m. share »
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UCI Eye Institute Founder Dies

Dr. Roger Steinert, chair of the University of California-Irvine school of medicine’s department of ophthalmology and founding director of its Gavin Herbert Eye Institute, died on June 6 at his home in Colorado after a battle with brain cancer.

By Sherry Hsieh June 8, 2017 4:29 p.m. share »
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Allergan To Buy Implant Maker

Allergan PLC will buy Stuart-Fla.-based Keller Medical Inc. in Stuart, Fla., which makes a breast implant insertion device that reduces surgeon and patient contact during surgeries.

By Sherry Hsieh June 8, 2017 11:44 a.m. share »
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Midday Stock Roundup

The S&P 500 was up 0.1% in midday trading to 2,436.11.

By Paul Hughes June 8, 2017 11:09 a.m. share »
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Re-Boost: Cell Carrier Seeks Lost Customers, Mojo

Boost Mobile LLC’s new retail concept and expansion will add a few hundred jobs in Orange County as the low-cost carrier tries to reverse deep customer losses of the last few years.

By Chris Casacchia June 8, 2017 11:09 a.m. share »
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Activist Investor Wins

Engaged Capital LLC of Newport Beach won its proxy battle against Rent-A-Center Inc. by gaining three seats on its board of directors.

By Peter J. Brennan June 8, 2017 9:59 a.m. share »
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NB Cybersecurity Startup Gets $9.5M

Newport Beach start-up Obsidian Security has raised $9.5 million in Series A funding led by Silicon Valley venture capitalist Greylock Partners.

By Chris Casacchia June 8, 2017 7 a.m. share »
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Ex-Ubiquity Boss Guilty of Securities Fraud

The former interim chief executive of Irvine-based Ubiquity Inc. recently pleaded guilty to conspiring to defraud investors, according to news reports.

By Deirdre Newman June 7, 2017 12:10 p.m. share »
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Midday Stock Roundup

The S&P 500 was flat in midday trading at 2,428.61.

June 7, 2017 10:59 a.m. share »
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Going Once … OC.com on the Auction Block

A piece of prime local real estate—albeit a virtual one—is up for grabs.

By Mediha DiMartino June 7, 2017 9:46 a.m. share »
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Stearns Buys Georgia Lender

Santa Ana-based mortgage lender Stearns Lending LLC said it acquired the wholesale, nondelegated correspondent and consumer-direct lending businesses of Primary Capital Mortgage LLC.

By Peter J. Brennan June 6, 2017 3:17 p.m. share »
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Del Taco Gets New CEO

Del Taco Restaurants Inc. in Lake Forest named John Cappasola Jr. chief executive to succeed Paul Murphy, effective July 7.

By Paul Hughes June 6, 2017 3:15 p.m. share »
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Midday Stock Roundup

The S&P 500 was down 0.1% in midday trading to 2,432.93.

By Peter J. Brennan June 6, 2017 10:24 a.m. share »
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Financial Advisers Seek Unique Marketing

“The Money Guys” squeezed into a radio control room in Costa Mesa one recent weekday to begin a new half-hour show to promote their company, Applied Financial Planning.

By Peter J. Brennan June 6, 2017 9:58 a.m. share »
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In-N-Out, Habit in Data Dive

A report on fast-casual hamburger chains from 1010data Inc. in New York showed two OC-based operators grinding out a solid middle ground compared with several similar chains.

By Paul Hughes June 6, 2017 9:49 a.m. share »
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Alteryx Buys, Bows Service

Irvine-based analytics software maker Alteryx Inc. bought a Brooklyn, N.Y. company and debuted a new service developed from another recent purchase.

By Chris Casacchia June 6, 2017 6 a.m. share »
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Whittier President to Retire

Whittier College President Sharon Herzberger plans to retire from her post at the end of the 2017-2018 academic year.

By Deirdre Newman June 5, 2017 7:36 p.m. share »
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Turk to be Argyros Interim Dean

Thomas Turk will serve as interim dean of Chapman University’s Argyros School of Business and Economics, effective August 1, the university said.

By Deirdre Newman June 5, 2017 7:27 p.m. share »
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JWA Revenue, Income Up

John Wayne Airport’s annual report shows revenue and income grew in 2016 compared with the prior year, while expenses held steady.

By Paul Hughes June 5, 2017 2:58 p.m. share »
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Deloitte Makes Changes

Deloitte & Touche LLP named Tim Brandt chief of its Orange County offices where he will oversee 750 employees.

By Peter J. Brennan June 5, 2017 11:19 a.m. share »
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Midday Stock Roundup

The S&P 500 was flat in midday trading at 2,438.85.

By Peter J. Brennan June 5, 2017 10:56 a.m. share »
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Co-Working Landlord Enduring ROC-ky Times

Walk into the Real Office Centers (ROC) portion of The Vine in Irvine, and it’s business as usual. Entrepreneurs and others related to the OC startup ecosystem who lease space from Newport Beach-based ROC in the Irvine Co.-owned building, are either working in the open co-working spaces or private offices. There’s a farmers market in one of the parking areas. Some ROC members are eating outside on the back patio.

By Deirdre Newman June 5, 2017 10:52 a.m. share »