OC BUSINESS JOURNAL DAILY NEWS

Midday Stock Roundup

The S&P 500 was up 0.2% in midday trading to 2,841.99.

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OC 500: Eric Wexler

Took post September … replaced 2016 OC 500 member Richard Afable … new duties cover OC, LA, San Bernardino counties … LA office … region second-largest provider after Kaiser … 14 hospitals, 26 urgent care centers, 60+ clinics ... 13K workers, 3.5K docs … joined Providence 2016 from chief exec Tenet’s northeast region … MBA, U. Hartford, in Conn. … wife, Stephanie

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Midday Stock Roundup

The S&P 500 was down 0.2% in midday trading to 2,833.30.

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2017 JWA Traffic Like 2016

Passenger traffic and commercial flights at John Wayne Airport last year were about the same as in 2016 as the facility works to stay under its annual cap for another three years.

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OC 500: Rick Arvielo

Mortgage lender’s 2016 originations $9.2B, up 35% … 16th-largest US nonbank lender … 130 branches, 2.4K workers … moved ‘from refi … to purchase market without missing a beat’ … life turning point: meeting wife,

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Vanguard Gets $300,000

Vanguard University will open a new science lab this fall, thanks to a $300,000 grant from the Fletcher Jones Foundation.

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Bonti Lands $15.5 Million Series C

Newport Beach-based Bonti closed $15.5 million in series C financing.

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Midday Stock Roundup

The S&P 500 increased 0.2% in midday trading to 2,837.48.

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OC 500: Patty Arvielo

Co-founded firm, husband, Rick, hero-role model, chief executive, OC 500: avoided 2008 financial crisis, personally signing off on every mortgage … 42nd biggest OC private co.: $478M 2016 revenue, up 26% …

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LoanDepot Unveils 2 New Businesses

LoanDepot LLC, the second largest non-bank mortgage lender in the U.S., launched two new businesses to expand real estate lending through its technology platform dubbed Mello.

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Salaam Heisman Fetches Nearly $400K

Rashaan Salaam’s Heisman Trophy attracted nearly $400,000 in an auction run by Laguna Niguel-based SCP Auctions.

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Midday Stock Roundup

The S&P 500 increased 0.5% in midday trading to 2,823.55.

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OC 500: Alain Monie

$42B products distributor on razor-thin margins expanding higher-return cloud services business, now used by 130+ telecoms … employs some 900+ in OC … 30 acquisitions in five years, from Turkish distributors to Atlanta data destroyers … continues expansion under owner Tianjin Tianhai Investment Co., which bought it last year for $6B … resume includes Honeywell, Allied Signal

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Long Beach Airport Closes Strong Year

Long Beach Airport passenger traffic was 1.9 million in 2017, up 33% over the previous year.

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Midday Stock Roundup

The S&P 500 was up 0.2% in midday trading to 2,802.53.

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OC Unemployment 2.8%

Orange County’s unemployment rate fell to 2.8% in December, and the state again reported a record low of 4.2%.

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OC 500: Mike Harrah

‘Big Mike’ Santa Ana’s biggest developer … has owned 5M SF buildings in city … also Vegas, Hawaii, Arizona … 37-story One Broadway Tower billed as biggest in OC when complete … looks to transform ex-OC Register HQ into mixed-use project … plans multi-city participation in bid for Amazon HQ2

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Restaurant365 Raises Funding from Bessemer

Restaurant365 LLC, an Irvine-based developer of back-office software for restaurants, said it closed a $20 million Series A financing that includes a minority investment from Bessemer Venture Partners.

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OC Bar to Swear In New President

The Orange County Bar Association, which has more than 8,500 members, tonight is installing Nikki Presley Miliband as its president at the group’s premier legal event, Judges’ Night, at the Irvine Marriott.

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Midday Stock Roundup

The S&P 500 was down 0.1% in midday trading to 2,801.10.

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Amazon Skips OC on Short-List

Orange County didn’t make the cut as a potential home to Amazon’s second headquarters, as the e-commerce giant announced its short list of potential locations for its massive HQ2 project.

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OC 500: Sandra 'Sandy' Segerstrom Daniels

Co-runs internationally known retail layout … 22M shoppers annually … launched Festival of Children Foundation 2003 … backs 480 national kid’s charities … part of effort to name September National Child Awareness Month, 2014 … Woman of the Year, office of Assemblyman Tom Daly, 2016

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Windjammer Sells JWC to Swiss Giant

Windjammer Capital Investors of Newport Beach sold JWC Environmental LLC to Swiss giant Sulzer Ltd. (SIX: SUN) for an enterprise value of $215 million.

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Midday Stock Roundup

The S&P 500 was up 0.8% in midday trading to 2,798.37.

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Boot Barn Majority Owner Cuts Stake

Funds of Freeman Spogli & Co. that control Boot Barn Holdings Inc. in Irvine plan to sell about 40% of their stake, which would end their majority ownership of the western wear retailer, according to a filing with the Securities and Exchange Commission.

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