Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Midday Stock Roundup

The S&P 500 was flat at 2,044.73 in midday trading.

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Manhattan’s MetLife Building in Irvine Company Portfolio

Donald Bren’s Irvine Company owns 97% of the 58-story MetLife building in Manhattan, one of New York City’s best-known skyscrapers, accord to a Bloomberg report.

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UCI Names Vice Chancellor, Med School Dean

University of California-Irvine said today that Dr. Howard Federoff will be its new vice chancellor for health affairs and dean of the School of Medicine, effective July 1.

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Kushner, Spitz Leave Posts at Freedom

Aaron Kushner and Eric Spitz have “resigned Tuesday from all executive duties at Freedom and the Orange County Register,” according to Freedom Communications Holdings Inc., parent company of the Register.

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Habit Shares Down After Q4 Report

Shares in Irvine-based Habit Restaurants Inc. declined in midday trading Wednesday after its most recent quarterly reported showed earnings had declined compared to the same period last year.

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Johnny Rockets in Executive Shift

Aliso Viejo-based Johnny Rockets named Charles Bruce president and chief executive, the second such senior executive-level move in the past month.

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iPourIt Plans to Add Beer Machines

Lake Forest-based iPourIt plans to supply beer vending machines from Alpharetta, Ga.-based Plug in & Pour with its brew-dispensing hardware.

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Midday Stock Roundup

Major stock indices were down today on concerns the U.S. Federal Reserve would raise rates.

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Allergan Shareholders Vote for Actavis Deal

A majority of Irvine-based Allergan Inc.’s shareholders voted this morning to accept a takeover bid currently valued at $70.7 billion from Actavis PLC.

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Alaska Airlines Seeks JWA-Mexico Routes

Alaska Airlines has applied to regulators in the U.S. and Mexico to offer service to Puerto Vallarta and Los Cabos, Mexico from John Wayne Airport, according to the airline.

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Fox Head Names CEO

Fox Head Inc. appointed Paul Harrington its new chief executive and director.

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Volcom Names Ex-Quiksilver Executive CFO

Costa Mesa-based Volcom Inc. hired Brad Holman as its new chief financial officer.

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SJC Startup in $1M Seed Round

San Juan Capistrano startup GlobeChat has raised nearly $1 million in a seed round as it gets closer to bringing its video and text messaging service to the market.

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Bike Products Maker to Irvine

SureStop moved its headquarters to Irvine from Palo Alto and named consultant Al Nordin its chief executive, according to a news report.

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Midday Stock Roundup

The S&P 500 was up 0.4% to 2,079.31 in midday trading.

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Bike Products Maker to Irvine

SureStop moved its headquarters to Irvine from Palo Alto and named consultant Al Nordin its chief executive, according to a news report.

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Midday Stock Roundup

Stock indices were down in midday trading on concerns the U.S. Federal Reserve is moving closer to raising interest rates.

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Register Launches Evening Website

Freedom Communications Holdings Inc. in Santa Ana said its flagship Orange County Register is running a nighttime version of its ocregister.com website.

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Publisher Debuts Pet Website

I-5 Publishing LLC in Irvine said it launched Petcha.com, a pet search website that lists pets from breeders and shelters.

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Corinthian Unit Might Have Buyer

Santa Ana-based Corinthian Colleges Inc. has a buyer interested in its Canadian schools, according to a newspaper in Ontario, Can.

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Biolase Report Could Presage Growth

Irvine-based Biolase Inc.'s reported fourth-quarter and 2014 financial results this week that closed out a year of management shake-ups and difficulties that its chief executive said are behind the company.

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Advantage Sales Buys Canada Firm

Advantage Sales and Marketing LLC in Irvine said it acquired The Linkage Group Inc.

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Juice Retailer Plans to Merge

Irvine-based Ritual Wellness Inc. said it would merge with San Francisco-based Project Juice under the latter’s name.

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Midday Stock Roundup

The S&P 500 was flat at 2,098.49 in midday trading.

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Socks Company Raises $50M

Stance Inc. in San Clemente raised $50 million from private investors to expand into underwear and open brand stores, according to The Wall Street Journal.