OC BUSINESS JOURNAL DAILY NEWS

Midday Stock Roundup

The S&P 500 was up 0.4% in midday trading to 2,734.68.

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Taco Bell Names Brand President, Expands C-Suite

Taco Bell Corp. named Julie Felss Masino brand president, a new position, and expanded roles for three other C-Suite execs as part of its international growth push.

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Peregrine Changes Name

Tustin-based Peregrine Pharmaceutical Inc. changed its name to Avid Bioservices Inc., now that it’s a dedicated contract development and manufacturing organization.

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Boardriders to Buy Billabong

Huntington Beach-based Boardriders Inc. has signed a deal to acquire all shares of Billabong International Ltd., creating one of the world’s largest action sports companies.

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OC’s Largest Housing Developments See 3,724 Sales in ‘17

The Irvine Ranch retained its position as the best-selling master-planned community in Orange County last year, while three other communities in Orange County also ranked among the top 20 in the nation for sales in 2017, according to a new report.

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OC Lawyer Named Interim U.S. Attorney

Attorney General Jeff Sessions has named Orange County lawyer Nicola Hanna as interim U.S. attorney for the Central District of California, which encompasses Orange and Los Angeles counties.

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Reeves Goes Boutique

Jeff Reeves joined Umberg Zipser LLP as a litigation partner.

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Midday Stock Roundup

The S&P 500 was up 0.5% in midday trading to 2,725.46.

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Hyundai Sets Date to Go Autonomous

Hyundai Motor Co. in Seoul today announced a partnership with Palo Alto-based Aurora Innovation Inc. to bring an autonomous vehicle to market by 2021.

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CoreLogic Taps Pinkston for GC

CoreLogic Inc. in Irvine named Arnold Pinkston general counsel.

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Midday Stock Roundup

The S&P 500 was up 0.6% in midday trading to 2,711.06.

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Nekter to Enter Florida

A Nekter Juice Bar franchisee plans four locations in Florida this year, a new state for the juice bar chain.

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PIMCO Invests $200M in GreenSky: WSJ

Newport Beach’s Pacific Investment Management Co., one of the world’s largest investment firms, is investing $200 million in GreenSky LLC, according to the Wall Street Journal.

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Midday Stock Roundup

The S&P 500 was up 0.6% in midday trading to 2,690.04.

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Midday Stock Roundup

The S&P 500 was down 0.2% in midday trading to 2,682.41.

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Nemus Gets New Backer

Nemus Biocience Inc. borrowed $900,000, signed a term sheet between the lender and some of its preferred shareholders that could sell their stake in the cannabinoid-based biopharmaceutical developer, and indicated that it could be up-listed under certain “potential strategic opportunities.”

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Anaheim Apparel Center Closing

A 200,000-square-foot distribution center in Anaheim run by a unit of Canada-based Gildan Activewear is closing and laying off 81 workers, about 30% of whom will transfer to a larger facility in Riverside County.

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Midday Stock Roundup

The S&P 500 was flat in midday trading at 2,683.54.

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Local Marijuana Cos. Prep for New Year

MANUFACTURING: Industry’s ‘Wild West’ scheduled to go legal

New Year’s Day will be more than just a party for some Orange County businesses. They’re gearing up for the day California legalizes recreational marijuana.

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Midday Stock Roundup

The S&P 500 was flat in midday trading at 2,682.18.

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Midday Stock Roundup

The S&P 500 was down 0.1% in midday trading to 2,680.30.

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Peregrine Names CEO, to Change Name

Tustin’s Peregrine Pharmaceuticals, Inc. (Nasdaq: PPHM), a drug manufacturer that’s been in a proxy battle, said Roger J. Lias is the company’s new chief executive and president.

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JWA November Traffic, Flights Up

John Wayne Airport passenger traffic and commercial flights in November were each up 0.9% year-over-year.

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Qualcomm Rejects Broadcom Nominees

The board of San Diego-based Qualcomm Corp. won’t nominate any of the 11 candidates recommended by rival Broadcom Ltd. and investor Silver Lake Partners, the latest turn in the hostile takeover attempt.

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Midday Stock Roundup

The S&P 500 was down 0.1% in midday trading to 2,680.79.

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