Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Software Maker Plans to Hire 200

Smart Utility Systems today announced plans to add 200 workers this year at its new headquarters in Irvine and an international expansion plan with new offices in Asia.

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St. Regis to Get Miraval Spa

The St. Regis Monarch Beach Resort is set to get a Miraval Life in Balance Spa, according to a hotel trade journal.

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Federoff Permanent UCI Health CEO

University of California-Irvine today named Dr. Howard Federoff chief executive of UC Irvine Health.

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Midday Stock Roundup

The S&P 500 was up 0.7% in midday trading to 1,871.99.

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Device Maker Gets $38 Million

Irvine-based Axonics Modulation Technologies Inc. raised $38.5 million in Series B financing.

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OC Deals Hit $500M in Q4

Orange County entrepreneurs received more than $529 million in venture capital spread across 12 deals in the fourth quarter, said Dow Jones VentureSource.

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Avanir Names New Chief

Avanir Pharmaceuticals Inc., an Aliso Viejo-based drugmaker, said today that Rohan Palekar is its new chief executive.

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More NB Restaurants for Annual Fest

Newport Beach Restaurant Week launched this week with a slight increase to 61 restaurants compared with last year.

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PBS SoCal Gets Foster Kids Project Grant

PBS SoCal in Costa Mesa received a three-year, $1.7 million grant from the Conrad N. Hilton Foundation to produce documentaries about real-life issues faced by foster youth in Southern California.

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Midday Stock Roundup

Indices were down on a decline in oil prices.

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Pieology Gets Investment

Rancho Santa Margarita-based fast casual operator Pieology Pizzeria said it received an investment from Andrew and Peggy Cherng, who founded Panda Restaurant Group.

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Midday Stock Roundup

The S&P 500 was up 0.1% in midday trading to 1,881.10.

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Midday Stock Roundup

Markets are closed today for the Martin Luther King Jr. Day holiday.

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Irvine Restaurant Group Adds Brand in OC

American Restaurant Holdings Inc. in Irvine will open two company-owned Muscle Maker Grill restaurants in Orange County

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Midday Stock Roundup

Indices were down heavily in midday trading on oil prices falling below $30 a barrel and economic woes in China.

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Taco Bell Names New CMO

Taco Bell Corp. promoted Marisa Thalberg to chief marketing officer.

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Freedoms Asks Court to OK Auction

Freedom Communications Inc. in Santa Ana is asking the U.S. Bankruptcy Court’s Central District of California to approve its plans to hold an asset auction March 16.

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Device Maker Raises $27M

San Clemente-based VertiFlex Inc. has raised $26.8 million out of a proposed $45.7 million in funding, according to a Securities and Exchange Commission filing.

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Midday Stock Roundup

Indices were up in midday trading as oil prices rebounded.

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Trout Partners with Big Brothers

Big Brothers Big Sisters of Orange County and the Inland Empire now have an angel on their team.

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Pacific Hospitality Makes Hawaii Buy

Irvine-based Pacific Hospitality Group bought Ko'a Kea Hotel & Resort on the island of Kauai in Hawaii from CTF Ko’a Kea Hotel, LLC on undisclosed terms.

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Sadeghi’s LAB Pays $10M for Anaheim Sites

LAB Holding LLC in Costa Mesa will buy four development sites from the city of Anaheim for $10.1 million.

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Midday Stock Roundup

Stock indices were down on concerns about crude oil prices continuing to decline.

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Strathspey Crown Buys Nevada Firm’s Assets

Newport Beach-based Strathspey Crown Holdings LLC bought the portfolio companies of Incline Village, Nevada-based Novus Via LP on undisclosed terms.

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Del Taco Guides on Q4, Full Year

Lake Forest-based Del Taco Restaurants Inc. said its unaudited revenue was about $133 million for the quarter ended Dec. 29.