Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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PacSun to File for Bankruptcy

Pacific Sunwear of California Inc. is preparing to file for bankruptcy next week, according to news reports.

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Hydrox Maker Expands Kroger Deal

Newport Beach-based Leaf Brands said it will expand distribution of its Hydrox cookies via Cincinnati-headquartered Kroger Co. supermarkets.

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Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading to 2,067.24.

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Edwards Surges on Valve Trial

Irvine-based Edwards Lifesciences Corp.’s shares shot up today after it reported positive results on a pair of less-invasive replacement heart valve clinical trials.

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Banc of California Names New CAO

Irvine-based Banc of California, Inc. promoted Thedora Nickel to Chief Administrative Officer from executive vice president of operations.

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Confie Buys in Massachusetts

Huntington Beach-based insurer Confie has entered the Massachusetts market with the acquisition of Axiom Insurance Agency in Springfield.

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Alliant Buys Agency in Spokane

Newport Beach-based Alliant Insurance Services has acquired Andre-Romberg Insurance Agency in Spokane, Wash.

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Engineering Firm Purchased for $7M

Irvine-based Excalibur Engineering, Inc. was acquired April 1 by Transcat Inc. in Rochester, New York, for $7.35 million in cash.

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Mitsubishi Beats National Sales Pace

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

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Top Digital First Editor to Oversee Register Newsroom

Digital First Media’s Executive Editor Frank Pine will be in charge of the Orange County Register in Santa Ana and the Press-Enterprise in Riverside, according to sources close to the matter.

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Midday Stock Roundup

The S&P 500 was up 0.4% in midday trading to 2,067.33.

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Mirman Exits Freedom

Freedom Communications Inc. Chief Executive Rich Mirman was let go Thursday along with about 70 staffers, including Editor and Senior Vice President of Content Rob Curley; Vice President of Circulation Bruce Blair; and Lake Trout, senior vice president of sales.

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Bloomingdale’s to Join Orange Outlets

The Outlets at Orange said it will add a Bloomingdale’s outlet to its 120-tenant lineup at a shopping center in Orange.

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Brandman Adds to CBE Degrees

Brandman University in Irvine has added a second “competency based education” online bachelor’s degree program—a bachelor of science in information technology.

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FantasyAces Delays College Exit

Orange County’s lone daily fantasy sports operator doesn’t plan to follow the segment’s leaders in immediately closing contests involving college sports.

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Double Digit Growth at JWA

John Wayne Airport passenger traffic in February grew 12% to 793,553 compared with the same month last year, after January’s passenger traffic grew 10% year-over-year.

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OC-Based Bank Joins S&P Index

Irvine-based Banc of California has been added to the S&P SmallCap 600 Index.

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Southwest to Fly Long Beach to Oakland

Southwest Airlines will fly from from Long Beach Airport to Oakland International Airport starting June 5.

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Midday Stock Roundup

The S&P 500 was flat in midday trading at 2,063.95

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New Owner Cuts Execs at Register

Digital First Media, the new owner of the Orange County Register, has parted ways with several members of prior owner Freedom Communications Inc.’s senior management team, according to sources close to the matter.

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UCI to Start E-Sports Program

University of California-Irvine will launch an e-sports program this fall with a new arena equipped with high-end gaming PCs, a staging area for League of Legends competitions and a live webcasting studio at the Student Center.

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Japan Regulators Clear Glaukos Stent

The Japanese Ministry of Health, Labor and Welfare has approved a glaucoma device made by Laguna Hills-based Glaukos Corp.

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Mazzo Asks Judge for Stay in Case

Longtime Orange County medical device executive James V. Mazzo has asked a judge for a stay in his federal insider trading case, according to court papers.

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eBay Buys Irvine Auto Marketer

Cargigi Inc. in Irvine was acquired by eBay Inc. on undisclosed terms.

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,061.36.