Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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3 OC Automakers’ Sales Up in July

Three of the four Orange County-based automakers beat the national sales pace for new vehicles in July, according to New Jersey-based market researcher Autodata Corp.

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Ensign Buys in Wisconsin

Mission Viejo-based Ensign Group Inc. said today that it bought 15 assisted living facilities in the suburbs of Milwaukee and other areas in Wisconsin.

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Bicycle Maker Plans Move to OC

Delaware-based bicycle designer and manufacturer Blue Bicycles said it will move to Orange County by the end of the year and that its current chief executive, Steven Harad, has resigned and will remain with the company for 90 days to assist in the transition.

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Toshiba Exec Adds Role

Scott Maccabe, the president and chief executive of Irvine-based Toshiba America Business Solutions Inc., has taken on the same dual role for Toshiba Global Commerce Solutions Inc., which makes installed retail point of sale systems.

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Midday Stock Roundup

The S&P 500 was down 0.7% in midday trading to 2,089.59.

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Confie Buys 3

Huntington Beach-based insurance brokerage Confie has acquired three brokerages on undisclosed terms.

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New Name for Standard Pacific

Irvine-based Standard Pacific Corp. will have a new name following its impending acquisition of Ryland Group Inc.

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St. Joseph Health in Talks on Affiliation

Irvine-based St. Joseph Health System is near a deal for an affiliation with Providence Health & Services, which has extensive operations in Los Angeles County among other markets in the western U.S.

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Midday Stock Roundup

The S&P 500 was flat in midday trading at 2,107.73.

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Lombard In Aneurysm Device Buy

Irvine-based Lombard Medical Inc. said today it bought startup Altura Medical Inc. in a deal that could be worth more than $50 million, depending upon milestones.

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Ingram Micro’s Q2 Profit Beats

Santa Ana-based Ingram Micro Inc. saw shares rise about 10% in Friday trading after it reported slightly higher second-quarter adjusted profits yesterday that also beat analyst estimates, though revenue missed analyst forecasts.

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Edwards Director Steps Down

Irvine-based Edwards Lifesciences Corp. said today that Robert Ingram has retired from its board of directors.

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Broadcom Has Mixed Q2

Irvine-based chipmaker Broadcom Corp. after the close of intraday trading reported second-quarter revenue in line with Wall Street expectations and adjusted profits that missed estimates.

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Midday Stock Roundup

The S&P 500 was flat at 2,107.64.

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Banc of California Profit, Loans Up

Banc of California Inc. reported an 82% year-over-year increase in its second-quarter profit to $13.1 million.

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King’s Seafood Takes Water Grill to Dallas

Costa Mesa-based King’s Seafood Co. plans to open a Water Grill restaurant in Dallas in the fall of 2016.

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Del Taco Signs for 10 in Tenn.

Lake Forest-based Del Taco Restaurants Inc. said it will re-enter the Tennessee market in a franchise deal for 10 restaurants over the next five years.

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Business Journal Honors 5 Family-Owned Businesses

About 275 people turned out for today’s luncheon at the Hotel Irvine to celebrate five honorees of the Business Journal’s 16th annual Family Owned Business Awards.

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YL Software Maker Acquired

A Yorba Linda software maker that specializes in survey analysis has been acquired by local investment firm Poplar Capital Partners LLC, which is based in the same city.

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WD Beats on Profit, Revenue in Line

Irvine-based storage products maker Western Digital Corp. after the close of intraday trading Wednesday reported June revenue in line with Wall Street expectations and adjusted profits that beat estimates.

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SA Design Firm Buys Atlanta Co.

Santa Ana-based facilities design firm Salas O’Brien Engineers said it acquired Atlanta-based firm HESM&A Consulting Engineers on undisclosed terms.

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FDA OKs ReShape Medical’s Device

San Clemente-based ReShape Medical Inc. said the Food and Drug Administration approved its ReShape Integrated Dual Balloon device for non-surgical weight loss.

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Midday Stock Roundup

The S&P 500 was up 0.4% in midday trading to 2,102.57.

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Corinthian Creditors to Vote on BK Plan

A U.S. Bankruptcy Court judge said yesterday that creditors of Santa Ana-based Corinthian Colleges Inc. can vote on the company’s bankruptcy plan, the Wall Street Journal said.

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SA Security Firm Buys in Tennessee

Santa Ana-based Universal Protection Service has acquired Guardsmark in Memphis, Tenn., on undisclosed terms.