Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Allergan Buys Eye Therapy Developer

Allergan Plc bought RetroSense Therapeutics for $60 million and milestone payments.

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Knobbe Martens Sponsors Cyclocross Team

Irvine-based Knobbe Martens Olson & Bear LLP will sponsor the Aspire Racing team for the 2016-17 season, in the intellectual property law firm’s first foray into national sports marketing.

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UCI Gets $1.3M for Diabetes Work

Two University of California-Irvine researchers have received a grant of $1.3 million from New York City-based JDRF to support their work on Type 1 diabetes

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Midday Stock Roundup

The S&P 500 was up 0.2% in midday trading to 2,183.46.

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Meehan to Managing Partner at Rutan

Costa Mesa-based Rutan & Tucker LLP announced today that William Meehan has been elected to managing partner of the law firm, which also has an office in Palo Alto.

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PAAMCO Names Head of Portfolio Management

Irvine-based Pacific Alternative Asset Management Co. named Basil Williams head of portfolio management.

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First American Buying Title Insurance Research Firm

Santa Ana-based First American Financial Corp. is under contract to buy a New Jersey-based title insurance and real estate research firm on undisclosed terms.

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Creditors Go After Freedom Insiders

Freedom Communications, the former owner of The Orange County Register, has agreed to allow a committee representing its unsecured creditors to investigate possible legal claims against company insiders, according to court documents filed Wednesday in the Santa Ana division of the U.S. Bankruptcy Court.

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,177.00.

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OC Bank Sponsors LA Rams Giving

Banc of California in Irvine has been named the official bank of the Los Angeles Rams Foundation.

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Burba Adds Caribbean Hotels Show

Burba Hotel Network in Costa Mesa will manage the Caribbean Hotel & Resort Investment Summit (CHRIS) for the Caribbean Hotel and Tourism Association.

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UCI Health to Run Catalina ER

UC Irvine Health in Orange will provide emergency room services on Catalina Island beginning today.

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Smith Micro Avoids Delisting

Smith Micro Software Inc. has regained compliance with the NASDAQ Stock Market’s minimum bid price requirement, the Aliso Viejo company announced today.

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Airport Area Hilton Sells

Infinity Realty Advisors in Los Angeles said a client bought the 306-room Hilton Irvine/Orange County Airport.

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UCI Law Adds Master's Program

University of California-Irvine School of Law is accepting applications for a new master’s law degree for non-American lawyers.

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August Mixed for OC Carmakers

Three out of the four Orange County-based automakers fell behind the national sales pace on new-vehicle sales in August, according to New Jersey-based market researcher Autodata Corp.

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Midday Stock Roundup

The S&P 500 was down 0.1% in midday trading to 2,168.35.

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FantasyAces Acquires More Players

The parent company of Aliso Viejo-based startup FantasyAces LLC has entered an agreement to acquire a database of fantasy sports players from Gaming Nation Inc.

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Midday Stock Roundup

The S&P 500 was down 0.5% in midday trading to 2,165.83.

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Swell.com Parent Rebrand on Hold

Australia-based online retailer SurfStitch Group Ltd. said a wave of recent losses have prompted it to delay a global rebranding effort that would have consolidated its online operations into a single website—Swell.com—named after its e-commerce subsidiary in Irvine.

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Brandman Exec Recognized

Brandman University announced today that Laurie Dodge, vice chancellor of institutional assessment and planning, has been named one of “The Sixteen Most Innovative People in Higher Education” by Washington Monthly.

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Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading to 2,173.80.

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Gilyard to Step Down at Chapman

Chapman University’s George L. Argyros School of Business and Economics Dean Reginald Gilyard will step down at the end of the academic year, next May.

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New CEO for Manhattan Beachwear

Manhattan Beachwear Inc. in Cypress named Kevin Mahoney its chief executive.

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Orange Coast Magazine for Sale

Emmis Communications Corp. in Indianapolis plans to sell Newport Beach-based Orange Coast magazine, Los Angeles magazine and three other regional monthly print publications as part of an effort to go private, according to Orange County Business Journal sister publication Los Angeles Business Journal.