Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Vacation Rental Tech Firm Gets $5M

Irvine-based travel-technology company BookingPal Inc. got $5 million in a venture capital round.

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Montage, Pelican Hill, St. Regis Make Forbes List

Three Orange County resorts have earned Five Star rankings in the Forbes Travel Guide.

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Midday Stock Roundup

The S&P 500 was up 0.8% to 2,084.64 in midday trading.

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Chronic Tacos Charts Growth

Aliso Viejo-based Chronic Taco Enterprises said it has signed multiunit franchise deals for 12 locations in Colorado, three to 12 locations in Washington, and up to 14 in Arizona.

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Actavis Cutting More Jobs

Actavis PLC will cut more jobs just over the county line in Corona, as it awaits the finalization of its buy of Irvine-based Allergan Inc., according to a state filing.

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Midday Stock Roundup

The S&P 500 was down 0.4% to 2,061.01 in midday trading.

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Broadcom, UCI Plan Tech Tourney

Irvine-based Broadcom Corp. and the University of California-Irvine will produce a one-day technology and entrepreneurship competition on Saturday, Feb. 28 at UCI’s Paul Merage School of Business, Broadcom said.

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Pimco Taps Ex-Morgan Stanley Economist

Pacific Investment Management Co. has tapped former Morgan Stanley chief economist Joachim Fels as a managing director and global economic adviser.

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Report: Del Taco Near Sale

Lake Forest-based Del Taco LLC may be bought as early as this week by Chicago-based Levy Acquisition Corp., according to Reuters.

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Plaza Bank’s Merger Partner Sells Mortgage Unit

Bank of Manhattan, which is in the process of merging with Irvine-based Plaza Bank, has agreed to sell its mortgage business to Wilshire Bancorp Inc. in Los Angeles.

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Taco Bell to Marketing Top 10

Fast Company magazine in New York named Taco Bell Corp. to its top-10 list of most innovative companies of 2015 in advertising and marketing.

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Edwards Changes Directors

Irvine-based Edwards Lifesciences Corp. said today that it made a pair of changes to its board of directors.

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Midday Stock Roundup

The S&P 500 was up 0.6% to 2,059.68 in midday trading.

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Confie Buys in Texas

Huntington Beach-based Confie Seguros Insurance Services has acquired Baja Auto Insurance in Dallas on undisclosed terms.

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Hotel Sales Spike in 2014

The number of hotels sold in Orange County more than doubled and their dollar value increased five-fold in 2014 compared with a year earlier, according to Irvine-based hospitality consultant Atlas Hospitality Group.

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Laser Maker Hits Record Revenue

Irvine-based Newport Corp. after the close of intraday trading reported fourth quarter earnings that beat Wall Street expectations and provided a revenue and profit outlook for the current quarter.

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Ensign Meets Q4 Profit Projections

Mission Viejo-based Ensign Group Inc. today reported an adjusted profit that matched Wall Street’s expectations.

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Midday Stock Roundup

The S&P 500 was down 0.3% to 2,049.81 in midday trading.

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Kofax to Halt London Trading

Irvine-based business software maker Kofax Ltd. will delist its shares on the London Stock Exchange next month, the company announced today.

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Midday Stock Roundup

The S&P 500 was flat at 2,061.66 in midday trading.

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Newport Corp. to Acquire Austrian Company

Irvine-based Newport Corp., which makes lasers and related equipment, is set to acquire a small Austrian company that specializes in ultra-fast laser systems used in scientific and biomedical research.

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Chapman Pharmacy School Gets Initial Accreditation

Chapman University said its new School of Pharmacy earned “precandidate” accreditation by the Chicago-based Accreditation Council for Pharmacy Education.

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Broadcom Responds to Call for Gender, Ethnic Data on Employment

Irvine-based chipmaker Broadcom Corp. released some race and gender data on its workforce for the first time in response to ongoing requests from civil rights and labor activists.

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Aliso Viejo Delivery Company Part of $80M Buy

Aliso Viejo-based meal delivery service Restaurants on the Run is set to be acquired by Chicago-based GrubHub, according to news reports.

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Blizzard Posts Strong Q4 on WoW Expansion Release

Irvine-based video game maker Blizzard Entertainment Inc. reported a strong fourth quarter after the close of intraday trading Thursday, with revenue and operating profits rising.