Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Midday Stock Roundup

The S&P 500 rose 0.1% to 2,004.20 in midday trading Wednesday.

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Wet Seal Plunges on Q3 Outlook; Share Offerings

Trading in shares of Foothill Ranch-based Wet Seal Inc. was halted for several hours after the market opened today.

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Thomas Back at Helm of Wet Seal

Foothill Ranch-based Wet Seal Inc. Chief Executive John Goodman left the company August 26 and was replaced by former Chief Executive Edmond Thomas, according to regulatory filings.

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Pacific Premier in $60M Private Placement

Irvine-based Pacific Premier Bancorp Inc. has sold $60 million worth of notes to private investors.

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Biolase Makes Nugent Permanent CEO

Irvine-based Biolase Inc. said today that Jeffrey Nugent is now the company’s permanent chief executive. Nugent, a Biolase director, had served as acting chief executive since June.

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Allergan Answers Valeant, Pershing Square

Irvine-based Allergan Inc. said today that it filed an answer in U.S. District Court to a countersuit filed by Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman’s Pershing Square Capital Management.

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Midday Stock Roundup

The S&P 500 fell 0.4% to 1,995.55 in midday trading Monday.

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Kofax Acquires German E-Signature Company

Irvine-based software maker Kofax Ltd has agreed to pay $34.7 million in cash for Softpro GmbH, a German company that specializes in electronic signature software and services.

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Bankrupt CM Restaurant Chain to be Bought

The Costa Mesa-based parent of the Elephant Bar restaurant chain is slated to be bought out of bankruptcy and will be operated by a Dallas-based restaurant company.

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Warhol Pledge: $100K to UCI Beall Center

The New York City-based Andy Warhol Foundation for the Visual Arts is giving $100,000 to The Beall Center for Art and Technology at the University of California-Irvine.

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Kia Adds to EV Charging Network

Irvine-based Kia Motors America plans to add 17 “fast-charging” electric vehicle charging stations to its 198 in California to support the Kia Soul EV that goes on sale later this year.

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PacSun’s Shares Down on Q2 earnings, Q3 Forecast

Shares of Pacific Sunwear of California Inc. were down 8.7% in midday trading Friday after the retailer said it anticipates a third-quarter loss between 4 cents and 9 cents a share, and revenue between $203 million and $208 million.

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Midday Stock Roundup

The S&P 500 rose 0.23% to 2,001.22 in midday trading Friday.

AllDigital Holdings CEO Dies Suddenly

Paul Summers, the chairman and chief executive of Irvine-based AllDigital Holdings Inc., has died unexpectedly.

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PacSun’s Shares Down on Q2 earnings, Q3 Forecast

Shares of Pacific Sunwear of California Inc. were down 4.3% in after-hours trading Thursday after the retailer said it anticipates a third-quarter loss between 4 cents and 9 cents a share, and revenue between $203 million and $208 million.

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Chapman MBA Students in Tech Marketing Plan

Students in Chapman’s MBA program are developing ideas for marketing and using “Internet of Things” products made by Austin, Texas-based HID Global.

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Midday Stock Roundup

The S&P 500 fell 0.13% to 1,997.55 in midday trading Thursday.

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Corinthian Says Back Rent Paid Up

Santa Ana-based Corinthian Colleges said it has caught up on rent payments for its headquarters at the Hutton Centre near the Costa Mesa (55) Freeway in Santa Ana.

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Tilly’s Shares Fall on Q3 Projections

Shares of Tilly’s Inc. were down about 6% at midday on weak third quarter projections.

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Tilly’s Shares Fall on Q2 Numbers

Shares of Tilly’s Inc. fell 9% to about $7.70 and a market cap of about $212 million in after-hours trading Wednesday after the retailer posted a 70% drop in earnings for the second quarter that ended Aug. 2.

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Trial Date on Special Allergan Meeting Set

A Delaware Chancery Court judge today set a Oct. 6 date for a trial over the timing of a special meeting of Irvine-based Allergan Inc. shareholders.

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Kia Plans Assembly Plant in Mexico

South Korea-based Kia Motors Corp. plans to construct a $1.5 billion assembly plant in Mexico, a senior automotive industry source in Mexico City told Automotive News.

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Aliso Viejo-Based Device Maker Sold

Aliso Viejo-based WaveTec Vision Systems Inc. will be bought by Alcon Inc., according to a statement issued today.

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UCI Computer Science Prof to FCC

University of California Irvine computer science professor Scott Jordan has been named the chief technology officer of the Federal Communications Commission.

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Midday Stock Roundup

The three major stock indices were flat in midday trading Wednesday.