Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Midday Stock Roundup

The S&P 500 was down 0.5% in midday trading to 2,165.83.

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Swell.com Parent Rebrand on Hold

Australia-based online retailer SurfStitch Group Ltd. said a wave of recent losses have prompted it to delay a global rebranding effort that would have consolidated its online operations into a single website—Swell.com—named after its e-commerce subsidiary in Irvine.

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Brandman Exec Recognized

Brandman University announced today that Laurie Dodge, vice chancellor of institutional assessment and planning, has been named one of “The Sixteen Most Innovative People in Higher Education” by Washington Monthly.

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Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading to 2,173.80.

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Gilyard to Step Down at Chapman

Chapman University’s George L. Argyros School of Business and Economics Dean Reginald Gilyard will step down at the end of the academic year, next May.

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New CEO for Manhattan Beachwear

Manhattan Beachwear Inc. in Cypress named Kevin Mahoney its chief executive.

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Orange Coast Magazine for Sale

Emmis Communications Corp. in Indianapolis plans to sell Newport Beach-based Orange Coast magazine, Los Angeles magazine and three other regional monthly print publications as part of an effort to go private, according to Orange County Business Journal sister publication Los Angeles Business Journal.

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Midday Stock Roundup

The S&P 500 was up 0.6% in midday trading to 2,182.99.

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Midday Stock Roundup

The S&P 500 was down 0.2% in midday trading to 2,167.13.

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Midday Stock Roundup

The S&P 500 was down 0.1% in midday trading to 2,172.68.

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Incipio Ends Skullcandy Pursuit

Incipio LLC walked away from its bidding war with Mill Road Capital Management LLC, a private investment firm that made the winning offer for Skullcandy Inc. at $6.35 a share in cash, which valued the company at about $197 million.

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Tilly's Results Beat Street

Tilly’s Inc. in Irvine reported revenue and earnings that exceeded Wall Street expectations for the August quarter.

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$26M Settlement for County

The Costa Mesa office of law firm Theodora Oringher said today that it obtained a $26 million settlement for Orange County against India-based Tata Consultancy Services Ltd.

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Midday Stock Roundup

The S&P 500 was down 0.2% in midday trading to 2,182.86.

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OC a Top-10 Funding Market

Orange County was the eighth largest U.S. market for high-technology venture capital funding in the second quarter, a jump of two slots compared with the same period last year, the Irvine office of real estate brokerage JLL said.

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Lantronix Narrows Loss

Irvine-based Lantronix Inc. reported lower net losses in its most recent quarter and year; shares rose 15% after-hours Tuesday but declined on a sell-off in Wednesday trading

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Bank to Pay $100M for Stadium Name

Irvine-based Banc of California is the $100 million naming partner for the Los Angeles Football Club’s new soccer stadium, which is scheduled to open in 2018.

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StuNews for Newport Beach

The popular StuNewsLaguna.com will launch a sister publication, StuNewsNewport.com, starting September 8.

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,188.26.

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Acacia-Veritone Deal Could Hit $50M

Acacia Research Corp. will lend $20 million to Veritone Inc. in a deal that could be worth up to $50 million to Veritone.

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Lombard Exits U.S., Seeks Sale

Irvine-based Lombard Medical Inc. said it would exit the U.S. market and explore “strategic alternatives” for its business in other markets.

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Speedo Drops Lochte

Speedo USA in Cypress will end its sponsorship of Ryan Lochte after a story he and three other U.S. swimmers told of being robbed at gunpoint on Aug 14 in Rio de Janeiro during the Olympic Games was proven false by authorities.

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Winston to CMO for Lugano

Lugano Diamonds in Newport Beach has promoted Stuart Winston to chief marketing officer and executive director of retail.

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McDonald Top OC Lawyer in Employment Law

Attorney James J. McDonald Jr. has been named Lawyer of the Year in Orange County in the “Employment Law-Management” category for the second year in a row.

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Midday Stock Roundup

The S&P 500 was down 0.1% in midday trading to 2,182.62.