Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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State Farm to Shut Irvine Office

State Farm Mutual Automobile Insurance Co. plans to close its Irvine office in 2019, a move that will affect 360 employees there.

By Peter J. Brennan May 5, 2017 10:32 a.m. share »
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Kush Bottles Buys Distributor

Santa Ana-based Kush Bottles acquired CMP Wellness in a cash and stock deal valued at about $21 million.

By Chris Casacchia May 5, 2017 10:28 a.m. share »
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Hotel Manager Adds Three

Twenty Four Seven Hotels in Newport Beach added three management contracts, including a Buena Park hotel scheduled to open in August.

By Paul Hughes May 5, 2017 8:59 a.m. share »
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$2M Remediation for ‘Toxic’ Fullerton Site

Current and former owners of the site of a former Chicago Musical Instruments manufacturing facility in Fullerton will pay about $2 million to the state in a deal unveiled today.

By Deirdre Newman May 4, 2017 4:58 p.m. share »
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Autobytel Exceeds Q1 Forecasts

Autobytel Inc. reported March quarter revenue and adjusted profits that beat Wall Street expectations.

By Mediha DiMartino May 4, 2017 4:34 p.m. share »
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Advantage Solutions Files for IPO

Irvine’s Advantage Solutions Inc., a provider of sales, marketing, merchandising and digital technology services for packaged goods manufacturers and retailers, has filed plans for an initial public offering.

May 4, 2017 4:13 p.m. share »
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Overwatch Drives Blizzard Sales

Booming sales of the first-person, futuristic shooter “Overwatch” and an uptick in “World of Warcraft” subscribers boosted revenue in the first quarter for Blizzard Entertainment Inc.

By Chris Casacchia May 4, 2017 2:48 p.m. share »
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El Pollo Loco Q1 Mixed

El Pollo Loco Holdings Inc. in Costa Mesa earned net income of about $5 million on revenue of about $100 million in its first quarter.

By Paul Hughes May 4, 2017 2:04 p.m. share »
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Del Taco Up In Q1

Del Taco Restaurants Inc. in Lake Forest earned net income of about $4 million on revenue of $105 million in the first quarter, compared with the same period last year.

By Paul Hughes May 4, 2017 2 p.m. share »
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Coffee Co. Taps Two

Retail Food Group USA in Santa Fe Springs has brought on two executives to boost its wholesale and retail coffee businesses.

By Paul Hughes May 4, 2017 11:27 a.m. share »
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UEI Boosts IoT in Asset Buy

Santa Ana-based Universal Electronics Inc. has boosted its growing Internet of Things business with a $9 million purchase of certain assets from Residential Control Systems Inc.

By Chris Casacchia May 4, 2017 10:58 a.m. share »
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Hybrid Apparel Adds Brand

Hybrid Apparel in Cypress launched Love Tribe brand, a Disney princess-themed line of clothing for young women that’s available only at Macy’s department stores.

By Mediha DiMartino May 4, 2017 10:37 a.m. share »
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Midday Stock Roundup

The S&P 500 was down 0.1% in midday trading to 2,386.96.

By Paul Hughes May 4, 2017 10:30 a.m. share »
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Newer Brand Reaches Into Past for Higher Gear

Z Supply LLC’s latest offering is a nod to Orange County’s apparel industry heritage.

By Mediha DiMartino May 4, 2017 10:25 a.m. share »
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Taco Bell Profit Up 19%

Core operating profit at Taco Bell Corp. in Irvine grew 19% year-over-year in the first quarter of 2017, topping the 9% overall growth at parent company Yum Brands Inc.

By Paul Hughes May 3, 2017 3:46 p.m. share »
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Habit Q1 Numbers Up

Habit Restaurants Inc. in Irvine said revenue, net income and same-store sales rose in the first quarter, compared with the same period a year ago.

By Paul Hughes May 3, 2017 3:30 p.m. share »
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UCI Prof Named to Science Academy

University of California-Irvine said Professor James Randerson was elected to the National Academy of Sciences.

By Deirdre Newman May 3, 2017 1:52 p.m. share »
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Capital Bank Sold

San Juan Capistrano-based Capital Bank agreed to be bought for $60 million in cash and stock by San Diego-based Seacoast Commerce Banc Holdings.

By Peter J. Brennan, Sarah de Crescenzo May 3, 2017 11:40 a.m. share »
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Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading to 2,384.64.

By Paul Hughes May 3, 2017 11:11 a.m. share »
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Smart Beta Finally Looks Smart

Rob Arnott felt regret when emerging markets were plunging early last year.

By Peter J. Brennan May 3, 2017 10:14 a.m. share »
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April Auto Sales Mixed

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

By Mediha DiMartino May 2, 2017 5:33 p.m. share »
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Journal Honors 5 Female Leaders

About 750 people gathered at Hotel Irvine on Tuesday for the Business Journal’s 23rd Annual Women in Business Awards ceremony.

By Mediha DiMartino May 2, 2017 4:50 p.m. share »
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Axonics Raises $14.5M

Axonics Modulation Technologies Inc. closed $14.5 million in series C financing, pushing its total fund-raising past the $85 million mark.

By Sherry Hsieh May 2, 2017 11:29 a.m. share »
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Midday Stock Roundup

The S&P 500 climbed 0.1% in midday trading to 2,391.03.

By Peter J. Brennan May 2, 2017 10:53 a.m. share »
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Special Delivery for Mysterious Dreamer

The sleek design and sheer size of the latest concept vehicle developed by Gaffoglio Family Metalcrafters Inc. took center stage at a recent invitation-only unveiling at the company’s headquarters in Fountain Valley, though perhaps the more compelling story centers around its customer.

By Chris Casacchia May 2, 2017 10:50 a.m. share »