OC BUSINESS JOURNAL DAILY NEWS

Callaway Buys Surf City Sportswear Maker

TravisMathew LLC in Huntington Beach was sold to Carlsbad-based Callaway Golf Co. in a $125.5 million cash-and-debt deal expected to close in the third quarter.

Tease photo

Downtown Disney Plans VR

Anaheim retail and entertainment complex Downtown Disney will get a virtual reality experience this year.

Tease photo

Midday Stock Roundup

The S&P 500 was down 0.2% in midday trading to 2,473.06.

Tease photo

Masimo Beats Q2, Stock Slides 9%

Masimo announced strong second quarter results, total revenue rose 11.8% from $172.6 million to $192.9 million, including royalties. Product revenue rose 11.1% to 182.8 million.

Tease photo

Office Buzz on Monster Buy: $58M Deal With Greenlaw in Newport

The top two executives of Corona-based Monster Beverage Corp. are about to add a trophy office in Newport Beach to their rapidly growing commercial real estate portfolio in Orange County.

Tease photo

American Vanguard Beats, Shares Pop

Shares of American Vanguard Corp. rose about 16% over the last two trading sessions to more than $20 apiece and a $613 million market cap after the company’s second-quarter profits exceeded Wall Street forecasts.

Tease photo

Alteryx Shaves Loss on Revenue Gain

Shares of Irvine-based Alteryx Inc. were up more than 15% to a $1.3 billion market cap in after-hours trading on improved quarterly numbers reported after markets closed Wednesday.

Tease photo

UCI Reverses Course

University of California-Irvine Chancellor Howard Gillman said today that all students who received provisional acceptances into UCI will be fully admitted, except those whose transcripts clearly indicate that they didn’t meet its academic standards.

Tease photo

Boot Barn Up in Q1

Shares of Boot Barn Holdings Inc. rose about 17% to $9 and a $242 million market cap during Wednesday trading, after the company reported revenue and profits for the June quarter that beat Wall Street expectations.

Tease photo

Senior Living Dampens HCP Q2

Irvine-based healthcare real estate investment trust HCP Inc. reported funds from operations—FFO, the REIT equivalent of earnings—of $0.35 per share, down from $0.51 per share in the first quarter and $0.71 per share a year ago.

Tease photo

Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading to 2,469.97.

Tease photo

Olen Continues Rental Push in ‘Booming’ Markets, $600M Since ’14

Igor Olenicoff, the owner of Newport Beach-based real estate firm Olen Properties and Orange County’s third-wealthiest person, is keeping his company on the growth path locally and out of the area.

Tease photo

OC Automakers Beat National Pace

Three out of four largest Orange County-based automakers beat the national sales pace for new vehicles in July, according to New Jersey-based market researcher Autodata Corp.

Tease photo

CombiMatrix Sells for $33M

CombiMatrix Corp. in Irvine said it will be bought by Invitae Corp. in San Francisco for $33 million in stock.

Tease photo

Midday Stock Roundup

The S&P 500 rose 0.2% in midday trading to 2,476.02.

Tease photo

Pyott Eyes Products That Create Markets

HEALTHCARE: Sees self as director, investor, philanthropist

David Pyott isn’t interested in becoming a chief executive again—“17 years as a public CEO was enough, and I do not wish to jump into another company, where in my view four years is the minimum time to make a real impact”—but the former Allergan chief executive is excited to pursue his passion for developing products that help patients.

Tease photo

Western Avionics Bought

Mike Manclark bought Santa Ana-based Western Avionics Inc. with plans to rename it and expand its services in Southern California.

Tease photo

Toll Road Rating Raised

Fitch Ratings upgraded $2.19 billion in debt of the San Joaquin Hills Transportation Corridor Agency, citing rising traffic and revenue.

Tease photo

CSUF Arts Gets Warhol $100K

The Grand Central Art Center in downtown Santa Ana received a $100,000 grant from the New York City-based Andy Warhol Foundation for the Visual Arts.

Tease photo

NB Property in Record $55M Sale

A 3.5-acre Newport Beach property overlooking the harbor sold for an Orange County record of $55 million.

Tease photo

Ubiquity Agrees to Stock Revocation

Irvine-based Ubiquity Inc. has agreed to the Securities and Exchange Commission’s division of enforcement’s recommendation that its stock be revoke

Tease photo

Midday Stock Roundup

The S&P 500 rose 0.1% in midday trading to 2,473.85.

Tease photo

Ahmansons Bring OC Arts Work North to LA

Corona del Mar philanthropists Howard F. Ahmanson Jr. and Roberta Green Ahmanson will create an art gallery, studio space, and an artist-in-residence program in Los Angeles.

Tease photo

Pacific Life Seeks New Ways to Grow in Old Industry

CEO bullish on reinsurance, annuities, term life, airplanes

Around 2007, Pacific Life Insurance Co. offered an annuity that nowadays makes investors drool: a guaranteed 10% annual return for 10 years and then a 5% annual return for the rest of a customer’s life.

Tease photo

Edwards Q2 Beats Expectations

Irvine-based Edwards Lifesciences Corp. reported $186 million in profit on sales of $842 million—up 47% and 11% respectively—for the quarter ended June 30.

Tease photo