OC BUSINESS JOURNAL DAILY NEWS
Sole Technology Inc. in Lake Forest appointed Esmail Mawjee interim president, a new position.
Aliso Viejo-based OCTANe announced Monday that startups that completed its LaunchPad accelerator raised nearly $75 million in the second quarter, according to Chief Executive Bill Carpou.
Concordia University in Irvine said it received accreditation for its business and economics programs within its business school, which serves undergrads and grads.
A jury in Orange County unanimously ruled Friday against San Juan Capistrano-based InfoSpan Inc. in favor of Dubai-based Emirates Bank in a federal lawsuit.
Innovation Institute in La Palma will raise $150 million to invest in early-stage healthcare companies. It bought TriStar Health Partners LLC in Nashville to be the fund investment manager.
The S&P 500 was down 0.2% in midday trading to 2,182.58.
Emerald Expositions LLC in San Juan Capistrano acquired two trade shows from founder Shannon Leggett on undisclosed terms.
Orange County is the No. 3 “large city” destination—bested only by Los Angeles and New York City—in a national assessment by Resonance Consultancy Ltd. in New York.
The Hotel Menage in Anaheim plans to rebrand as a Four Points by Sheraton, industry sources said.
ASICS America Corp.’s sales in the first half of its fiscal 2016 declined 17.3% compared to the same period last year, according to its parent, Japan-based Asics Corp.
The S&P 500 was up 0.5% in midday trading to 2,186.88.
Allergan Plc plans to buy ForSight Vision5 for $95 million and milestone payments.
CareTrust REIT Inc. in San Clemente invested $2.2 million in a company that’s developing a new healthcare facility CareTrust plans to own.
Walt Disney Co. in Burbank earned $2.6 billion on revenue of $14.3 billion in its most recent quarter, up from $2.5 billion on $13.1 billion for the same period last year.
Marwit Capital in Newport Beach has sold on undisclosed terms its Driftwood Dairy Inc. to Vietnam Dairy Products Corp.
New York City-based General Assembly, a global education company, announced Wednesday it will open a campus in Irvine.
The S&P 500 was down 0.2% in midday trading to 2,176.35.
Aliso Viejo-based chipmaker Microsemi Corp. has taken naming rights of the Los Angeles Rams practice facility at University of California-Irvine.
Wanxiang Group Corp., the parent company of Karma Automotive LLC in Costa Mesa, plans to manufacture electric cars in China, according to Bloomberg.
Laguna Beach-based virtual reality content maker NextVR Inc. said it has completed an $80 million round of funding, led by a syndicate of Asian technology companies.
The S&P 500 was up 0.1% in midday trading to 2,182.68.
Minneapolis-based Target Corp. selected Irvine Company’s University Center near University of California-Irvine as one of four college campus locations where it will open a “flexible-format” store. It will be the first such store in Orange County.
The S&P 500 was down 0.1% in midday trading to 2,180.47.
ReShape Medical Inc. in San Clemente named Mike Mangano its president and chief executive.
Karma Automotive LLC in Costa Mesa said its distribution strategy for the new Revero car will include 10 independent dealers and a company-owned “brand-experience center” in Orange County.