Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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PAAMCO, KKR in Deal

Irvine-based fund of hedge funds Pacific Alternative Asset Management Company plans to join with a unit of KKR Inc. in New York to form a firm with $34 billion in assets under management, according to a statement by both companies.

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Hotel Marketer Books $1.1B

Preferred Hotels & Resorts booked $1.1 billion in reservations in 2016 for the hotels in its system.

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Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading to 2,291.05.

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Hotel Marketer Books $1.1B

Preferred Hotels & Resorts booked $1.1 billion in reservations in 2016 for the hotels in its system.

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Midday Stock Roundup

The S&P 500 was up 0.7% in midday trading to 2,296.29.

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Rossignol Buys Irvine Bike Maker

Skis Rossignol S.A. in Grenoble, France, bought Felt Racing LLC in Irvine on undisclosed terms.

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Wet Seal Files for BK Again

Wet Seal LLC in Irvine filed for Chapter 11 bankruptcy protection Thursday, and is taking steps to liquidate its assets.

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MSC Sold for $834M

Newport Beach-based MSC Software Corp. will be sold for $834 million to Swedish IT service provider Hexagon AB, the companies said today.

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Midday Stock Roundup

The S&P 500 was flat in midday trading at 2,280.39.

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Glaukos Names New COO

San Clemente-based Glaukos Corp. promoted Chris Calcaterra as chief operating officer, effective immediately.

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Ensign Buys in Texas

Mission Viejo-based Ensign Group Inc. acquired the real estate and operations of Parklane West Healthcare Center, a 124-bed skilled nursing and 17-bed assisted living facility in San Antonio, Texas, effective Feb. 1.

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Edwards Up in Q4

Edwards Lifesciences Corp. in Irvine reported fourth-quarter earnings of $767.7 million, up 14.4% year-over-year. U.S. and international sales were $421.5 million and $346.2 million, respectively.

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January Auto Sales Mixed

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

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Inside OC Adds Outside City

Inside OC is now being shown via Cox Communications Inc. in Las Vegas.

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Radio Station Gets Gold

AM 830 KLAA in Anaheim won its second Golden Mike award from the Radio & Television News Association of Southern California at the 67th Annual Golden Mike Awards Presentation Dinner on Saturday.

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Midday Stock Roundup

The S&P 500 was down 0.1% in midday trading to 2,777.05

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Anaheim Visitors, Spending Up

Preliminary numbers for 2016 show boosts in Anaheim’s visitor count and the money they spend in OC, according to Visit Anaheim.

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Razer Buys Phone Maker

Irvine-based video game products maker Razer Inc. has acquired the majority of assets of a San Francisco company that developed a mobile phone that offers unlimited cloud-storage capacity.

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Ad Testing Firm Sold

Ezoic Inc. in Carlsbad bought OC-based advertising technology firm AmpedSense.

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Nekter Expands to 3 New States

Nekter Juice Bar Inc. in Santa Ana has signed multi-unit franchise agreements to bring the food-and-smoothie chain into Utah, Washington and Florida—all new states for the chain.

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New President of Thurgood Marshall Bar

Denisha McKenzie is the president-elect of the Newport Beach-based Thurgood Marshall Bar Association.

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Boot Barn Misses on Revenue

Boot Barn Holdings Inc. reported mixed results for its December quarter, meeting Wall Street expectations on earnings but delivering below forecasts on revenue.

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Post-Recession Car Sales Boom Winds Down

Sales of new vehicles at Orange County auto dealers plateaued at 191,910 last year after notching considerable gains for the previous six years, according to the Orange County Automobile Dealers Association.

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Midday Stock Roundup

The S&P 500 was down 0.4% in midday trading to 2,272.26.

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PBS Station Work Lauded

PBS SoCal KOCE was awarded two Golden Mike Awards by the Radio & Television News Association of Southern California at the 67th Annual Golden Mike Awards Presentation Dinner on Saturday.