Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Habit Revenue, Income Up

Shares in Irvine-based Habit Restaurants Inc. were up about 4% in midday trading Friday to a market cap of $850 million after the company reported it earned $3 million in its most recent quarter, an increase of 20% over $2.5 million in the same period last year.

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OCVA in China Travel Site Deal

The Orange County Visitors Association said it would launch a presence this month on Ctrip, a Chinese travel and tourism website.

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UCI Gets Up To $5 Million for Blood Work

University of California-Irvine said it will get up to $5 million over five years from the federal National Institute of Allergy & Infectious Diseases to further develop a bloodstream infection-detection system that speeds diagnosis times and improves accuracy.

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Midday Stock Roundup

The S&P 500 was down 0.6% to 2,094.31.

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American Vanguard Buys Herbicide Unit from DuPont

American Vanguard Corp., a Newport Beach-based maker of agricultural chemicals, has through its Netherlands-based international subsidiary, acquired the assets of an herbicide business from E. I. du Pont de Nemours and Co.

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Midday Stock Roundup

The S&P 500 was down 0.5% to 2,104.63.

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Bernanke Joins Pimco

Pacific Investment Management Co. has tapped former Federal Reserve Chairman Ben Bernanke as a senior adviser.

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Oakley Taps Raj in Swimwear Deal

Oakley Inc. selected Raj Manufacturing LLC in Tustin to develop, manufacture and distribute its women’s swimwear worldwide.

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Crowdfunded Hotel Investor Plans to Raise $2 Million

Newport Beach-based Hotel Innvestor LLC plans to use crowdfunding to raise about $2 million.

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Kaiser Aluminum Has Mixed Q1

Kaiser Aluminum Corp. beat Wall Street’s revenue outlook for the first quarter but fell short on earnings projections.

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Western Digital Just Misses Forecasts

Irvine-based storage products maker Western Digital Corp. after the close of intraday trading Tuesday reported March revenue and adjusted profits that narrowly missed Wall Street expectations.

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Maletta Goes to Irish Drug Maker

Matthew Maletta, a former associate general counsel with Irvine-based Allergan Inc., was named chief legal officer of Endo International plc.

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Midday Stock Roundup

The S&P 500 was up 0.2% to 2,113.30.

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Device Maker Gets $26M Loan

Irvine-based startup Lombard Medical Inc. said today it received a $26 million loan facility from a financier.

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Montage Moves Ahead on Los Cabos

Irvine-based Montage Hotels & Resorts said today it would develop Montage Los Cabos on Santa Maria Bay in Los Cabos, Mexico, its first international property.

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Stance Socks Score NBA Deal

San Clemente-based Stance Inc. has signed a licensing agreement to become the official sock brand for the National Basketball Association.

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Education Company Nabs Investment

Santa Ana-based Greenwood Hall Inc. said Lincoln Park Capital Fund LLC in Chicago invested in the company.

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Del Taco Buyer Ticker Changes

The company that plans to buy Lake Forest-based Del Taco Holdings Inc. changed its Nasdaq markets ticker symbol Tuesday morning to “TACO.”

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Midday Stock Roundup

The S&P 500 was down 0.2% to 2,113.35.

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Mitsubishi Motors Taps Ally on Finance

Mitsubishi Motors North America Inc. in Cypress said it will fold its in-house financing arm, Mitsubishi Motors Credit of America Inc., and rely on Detroit-based Ally Financial Inc. as its “preferred financing source.”

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Predixion’s Series D Round Led by Software AG

Aliso Viejo-based Predixion Software has kicked off its latest venture funding round with Germany-based Software AG, one of the largest software companies globally, as the lead investor.

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Opus Q1 Loans, Deposits Up; Profit Slips

Irvine-based Opus Bank posted $11 million in first-quarter net income, down 16% from the same period a year earlier.

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Midday Stock Roundup

The S&P 500 was up 0.3% to 2,119.55.

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Pac Life Sells Pension Business to Goldman Sachs

Newport Beach-based Pacific Life Insurance Co. has sold its pension advisory business in New York to Goldman Sachs Assets Management.

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Pac Merc Restructures SBA Group, Reports Q1 Loss

Costa Mesa-based Pacific Mercantile Bancorp Inc. swung to a loss in the first quarter, affected by a one-time cost related to a “strategic realignment” of its Small Business Administration lending group.