OC BUSINESS JOURNAL DAILY NEWS

FivePoint to Bring $200M City of Hope

Five Point Holdings LLC and City of Hope said today they plan to build a $200 million cancer center at the Great Park Neighborhoods in Irvine.

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Fujifilm Buying Irvine Scientific

Fujifilm Holdings plans to buy a pair of cell culture media businesses owned by Japanese oil and metals conglomerate JXTG Holdings for about $800 million.

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OC 500’s Parham Exits UCI

University of California-Irvine Vice Chancellor for Student Affairs Thomas Parham will leave his role this year to become president of California State University,-Dominguez Hills.

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Midday Stock Roundup

Indices spike upward in midday trading on the last trading day of the first quarter amid a technology stock rebound.

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OC 500: Scott Boras

Baseball’s top agent … reps some 160 clients, many biggest stars, highest-paid … includes No. 1 pick 2017 draft Royce Lewis, ex-JSerra shortstop, who went to Twins … backs annual baseball camp for 13- to 15- year-

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JWA Traffic Up

Year-over-year John Wayne Airport passenger totals rose more than 7% in February to about 763,500. Commercial flights were up more than 5% to about 3,300.

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Long Beach Airport Traffic Up

Long Beach Airport traffic increased 11% in February compared with the same month last year to a total of about 306,000. Year-to-date the airport has seen about 627,000

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OC 500: Paul Folino

Chief exec to 2006 … exec chair to 2011 … company now part of Broadcom … board chair CoreLogic and Commercial Bank of California … independent director, Microsemi and Lantronix … has backed CSUF—Folino

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Midday Stock Roundup

The S&P 500 was up 0.1% in midday trading to 2,615.32.

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Midday Stock Roundup

The S&P 500 was up 0.4% midday trading to 2,670.97.

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Mitsubishi COO Retires

Don Swearingen, Mitsubishi Motors North America executive vice president and chief operating officer, announced his retirement on Monday.

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OC 500: Cindy Galardi Culpepper

Parent to Wienerschnitzel chain … calls ‘John Galardi leaving me the company’ turning point in life … No. 12 Business Journal list … $254M systemwide sales, 320 locations … revamped franchising … admires Elon Musk

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SeneGence Gets CTO

Gregg Beall was named chief technology officer, a newly created role, of Foothills Ranch-based skincare and cosmetics company SeneGence International on Monday.

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Midday Stock Roundup

The S&P 500 was up 1.5% in midday trading to 2,625.68.

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OC 500: Bill Wilhelm

Irvine-based affiliate of R.D. Olson Development, NB … companies’ founder Robert Olson heads development, largely Marriott hotels … Olson Construction hotel-strong: Kimpton, Starwood … builds apartments for developer UDR, affordable homes for Affirmed Housing … added education work to diversify … 30 years’ experience, 23 at Olson; current role 2014

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Midday Stock Roundup

The S&P 500 was down 0.1% midday trading to 2,640.51.

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Unemployment Falls to 3.1%

Orange County’s unadjusted unemployment rate fell to 3.1% in February, compared with a revised 3.2% in January but well below the 3.8% reported a year earlier, according to the state’s Employment Development Department.

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OC 500: James Downey

One of OC’s largest aerospace firms, $122M revenue, 650 workers … cofounder Tom McFarland … its startup, Lift by EnCore, named supplier for India airliner SpiceJet’s buy of 225 planes from Boeing … two new

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Midday Stock Roundup

Indices declined 1% each in midday trading on trade concerns; the Trump Administration said it will impose tariffs on Chinese imports.

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OC 500: Dominique Giannoni

Leads one of world’s largest in-flight entertainment makers … Irvine home to most of its 1,500 workers … clients Boeing, Airbus, Bombardier … improves in-flight connectivity product FlytLIVE in partnership with

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Graduate School Rankings Released

Orange County schools made U.S. News & World Report’s annual list of the best graduate schools.

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Del Taco Operator to Triple Michigan Sites

Del Taco Restaurants Inc. in Lake Forest said franchisee Team Schostak Family Restaurants will open 12 locations in the Detroit market; it currently runs five in Michigan, with a sixth in development.

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Screen Printer to Close, Sell 100,000 SF in Brea

Absolute Screenprint Inc. in Brea will lay off 170 people effective March 31, a Worker Adjustment and Retraining Notification (WARN) filed with the California Economic Development Dept. said, and its 100,000 square foot building is on the market for $16.3 million.

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J.D. Power Names CEO

Dave Habiger was named president and chief executive of consumer data and analytics company J.D. Power.

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Midday Stock Roundup

The S&P 500 was up 0.5% in midday trading to 2,731.78.

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