Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Midday Stock Roundup

The S&P 500 was down 0.2% in midday trading to 2,371.72.

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Drakes to Get UCI Medal

Michael Drake, former chancellor of the University of California-Irvine, and his wife, Brenda Drake, will receive the UCI Medal at the Lauds & Laurels celebration on March 30.

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Capital Bank Promotes Execs

San Juan Capistrano-based Capital Bank promoted Danna Murphy to chief operating officer, a new position, in addition to her role as chief financial officer.

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CoreLogic Names Martell CEO

Irvine-based CoreLogic has named Frank Martell its new president and chief executive.

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Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading to 2,376.48.

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CoreLogic’s Nallathambi Dies

CoreLogic President and Chief Executive Anand Nallathambi died after a brief illness, the company said.

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Harbor Audit Asks Money Questions

An audit of some services provided by an outside operator at Dana Point Harbor couldn’t validate the firm’s reported gross receipts at the facility and said its “rent payments are not calculated or reported in accordance with lease agreements” the operator has with the County of Orange, which owns the harbor, the county auditor said in a report.

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PBS Chief Joins National Board

Andrew Russell, chief executive of Costa Mesa-based PBS SoCal, is a new trustee of America’s Public Television Stations (APTS), a nonprofit national trade group in Arlington, Va.

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PBS Chief Joins National Board

Andrew Russell, chief executive of Costa Mesa-based PBS SoCal, is a new trustee of America’s Public Television Stations (APTS), a nonprofit national trade group in Arlington, Va.

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CoreLogic’s Nallathambi Dies

CoreLogic President and Chief Executive Anand Nallathambi died after a brief illness, the company said.

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Harbor Audit Asks Money Questions

An audit of some services provided by an outside operator at Dana Point Harbor couldn’t validate the firm’s reported gross receipts at the facility and said its “rent payments are not calculated or reported in accordance with lease agreements” the operator has with the County of Orange, which owns the harbor, the county auditor said in a report.

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January Unemployment Up

OC’s unadjusted unemployment rate rose to 3.9% in January from revised 3.5% in December and below the 4.1% reported in the same period last year, the state Employment Development Department said.

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Midday Stock Roundup

The S&P 500 was down 0.1% in midday trading to 2,378.71.

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Boston Buyer for Wet Seal IP

Gordon Brothers Brands LLC in Boston, a 114-year-old restructuring and investment firm, bought the Wet Seal name and other intellectual property for $3 million during a March 2 auction, according to documents filed today in the United States Bankruptcy Court for the District of Delaware.

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Habit Up on Q4, Full-Year

Shares in Habit Restaurants Inc. in Irvine were up more than 10% in Friday trading to a market cap of about $475 million on its quarterly and full-year report, issued after markets closed Thursday.

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Montage-Pendry in $360M Desert Deal

Montage International in Irvine and lead developer Robert Green Co. in Encinitas said the companies would break ground this summer on the $360 million SilverRock Resort in La Quinta.

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Midday Stock Roundup

The S&P 500 was down 0.4% in midday trading to 2,386.62.

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OrthAlign Appoints CEO

Aliso Viejo-based OrthAlign Inc. appointed Eric Timko as chief executive and the chairman of the board.

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February Mixed for OC Automakers

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

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CSUF President Gets Diversity Nod

California State University-Fullerton President Mildred García will receive the 2017 Reginald Wilson Diversity Leadership Award on March 14 from the American Council on Education in Washington, D.C., the group said.

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True Drinks Raises $3.6M

True Drinks Holdings Inc. in Irvine raised $3.6 million in equity backing, the company and regulatory filings said.

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Midday Stock Roundup

Markets were up strongly in midday trading in a positive response to an address by President Donald Trump to Congress yesterday.

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Banc of California Sells Home Loan Unit

Irvine-based Banc of California plans to cut its headcount almost in half with the sale of its home loan division to Caliber Home Loans Inc.

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Clean Energy Sells Unit to BP

Shares of Clean Energy Fuels Corp. surged today after the Newport Beach-based company said it would sell its renewable gas business for $155 million to BP Plc.

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Orange Coast Sold

Indianapolis-based Emmis Communications Corp. said internally today that it finalized the sale of four of its remaining magazines, including Orange Coast, to Hour Media, a Royal Oak, Mich.-based media company.