OC BUSINESS JOURNAL DAILY NEWS

Midday Stock Roundup

The S&P 500 was up 0.8% in midday trading to 3,579.55.

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Gillman Will Co-Chair Advisory Board for New UC Center

University of California-Irvine Chancellor Howard Gillman has been named co-chair of an advisory board for a new University of California center dedicated to free speech issues.

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BJ’s: Revenue Up, Earnings Down

BJ’s Restaurants Inc. in Huntington Beach reported revenue of $247 million in its most recent quarter, up about 6% year-over-year. Net income was $2.4 million—down two-thirds from the same period last year, when net income was $7.2 million.

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Dendreon Adds 5 Senior Execs

Dendreon Pharmaceuticals LLC expanded its senior management with three new hires and two promotions.

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Midday Stock Roundup

The S&P 500 rose 0.3% in midday trading to 2,564.10.

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Record Grant for Vanguard

Vanguard University in Costa Mesa has been awarded a five-year, $3.75 million grant through the U.S. Department of Education’s Developing Hispanic-serving institutions program.

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OCC Foundation Gets $1.8M

The Orange Coast College Foundation said it received a gift of $1.8 million, the largest donation in its 32-year history.

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Midday Stock Roundup

Indices were down 0.7% each in midday trading.

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Pickup Family Gives Hoag $15M

Hoag Memorial Hospital Presbyterian in Newport Beach received a $15 million gift for its neurosciences institute from longtime local philanthropists the Pickup Family Foundation.

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Bear Flag Owner to Lido Marina Village

Bear Flag Restaurant Group in Newport Beach plans to open a new restaurant at Lido Marina Village.

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Edwards Builds-Out ‘Tool Box’

Edwards Lifesciences Corp. reported $481 million in global sales for its core transcatheter heart valve technology, up some 17% from the same period a year ago but down compared with its last two quarters—$539 million for the first quarter and $487 million for the second quarter.

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Long Beach Airport Traffic Up 22%

Long Beach Airport passenger traffic grew 22% year-over-year to 301,000 in September.

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Legacy Brander Launches Sites

MerchSource LLC launched retail websites for its FAO Schwartz and 5th Avenue Bergdorf Goodman brands.

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Hyundai Names Ex-Toyota Exec COO

Hyundai Motor America Inc. named Brian Smith its chief operating officer.

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Automotive App Cuts Lending Deal

AutoGravity Corp. has another lender on its car-shopping app.

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UCI on $14.65M Literacy Team

University of California-Irvine is part of a group that received a five-year, $14.6 million U.S. Dept. of Education grant to improve literacy instruction.

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Midday Stock Roundup

The S&P 500 rose 0.2% in midday trading to 2,570.12.

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New Website Launched

Southern California News Group launched ExcelsiorCalifornia.com as the “go-to digital Spanish-language news source” for Orange, Riverside, San Bernardino and Los Angeles counties.

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J&J Verdict Overturned

A Newport Beach attorney had his $417 million verdict against New Brunswick, NJ-based Johnson & Johnson overturned.

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Catheter Maker Raises $3M

Spinal Singularity in San Clemente raised $3.1 million in seed funding to support development of its connected catheter designed for adult men with chronic lower urinary tract dysfunction.

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Midday Stock Roundup

The S&P 500 was flat in midday trading at 2,574.31.

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Konica Completes Ambry Buy

Japanese printer maker Konica Minolta Inc. and Innovation Network Corporation of Japan (INCJ) closed their joint acquisition of genetic diagnostics company Ambry Genetics Corp., in Aliso Viejo.

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Midday Stock Roundup

The S&P 500 was up 0.4% in midday trading to 2,571.82.

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September Unemployment Down

The September unemployment rate in Orange County was 3.6%, down from a revised 4.2% in August and lower than a year-ago estimate of 4%.

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PHG Names CFO, Ops Role; Moves GM

Pacific Hospitality Group in Irvine named Kent Crandall chief financial officer, hired a senior vice president of operations to report to COO Robb Walker, and shifted a GM to its Paséa resort.

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