Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Wet Seal Inc. Names Interim CFO

Wet Seal Inc. named Thomas Hillebrandt its interim chief financial officer.

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SEC Suspends Trading of Penny Stock

The U.S. Securities and Exchange Commission said today that it halted trading in Anaheim-based Wholehealth Products Inc. and three other penny stock companies that “claim to be developing products and services in response to the Ebola [virus] outbreak.”

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Universal Protection Buys Guard Services Firms

Universal Protection Service in Santa Ana has acquired two guard services companies on undisclosed terms.

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Midday Stock Roundup

The S&P 500 rose 0.13% to 2,051.34 in midday trading.

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Corinthian to Sell 56 Campuses to NonProfit

Santa Ana-based for profit schools operator Corinthian Colleges Inc. said it will sell 56 campuses of its Everest College and WyoTech to Zenith Education Group Inc., an affiliate of Oakdale, Minn.-based student loan guarantor agency ECMC Group.

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Henrik Fisker, Galpin Ford Team Up on Muscle Car

Henrik Fisker is expected to announce plans for a new muscle car with a body made of carbon fiber during an appearance at the Los Angeles Auto Show today.

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Habit Goes Public

Irvine-based Habit Restaurants Inc. went public on Nasdaq this morning priced at $18 a share and has doubled in price to about $36.

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Blizzard Blockbuster

Blizzard Entertainment Inc.’s latest World of Warcraft expansion has sold more than 3.3 million copies in its first 24 hours on the market.

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Honda Center to Host 2016 NCAA Regional

The Honda Center in Anaheim will host the West Regional of the NCAA basketball tournament in 2016, the Division I Men’s Basketball Committee announced.

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UCI Nabs Stem Ed Grant

The University of California-Irvine will work with three community colleges to recruit and retain women and minority students to study science, technology, engineering and math at the schools, an effort supported in part by a $1.8 million grant.

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Midday Stock Roundup

The S&P 500 declined 0.27% to 2,046.33 in midday trading.

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Corinthian Gets Second Nasdaq Notice

Santa Ana-based Corinthian Colleges received a second notice from the Nasdaq for failure to file timely reports, the company said today.

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Segerstrom Center Plans Dance School

The Segerstrom Center for the Arts in Costa Mesa plans to open a dance school in September 2015 with American Ballet Theatre, the center said.

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Habit IPO Set

Habit Restaurants Inc. has priced its initial public offering of 5 million shares tomorrow at $18 a share, the company said.

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Nekter Juice Bar Adds Food, App

Santa Ana-based Nekter Juice Bar Inc. is set to add food items to its menu and a smart phone app to order and buy them, the company said.

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OC Visitor Counts, Spending Up

More people came to Orange County in September, and they spent more money, the Anaheim/Orange County Visitor & Convention Bureau said.

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Supervisors Accept 2,500 Acres

The Orange County Board of Supervisors voted unanimously today to accept a donation of 2,500 vacant acres by the Irvine Company, said the parks unit of the county’s Community Resources department.

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Garden Grove IT Company Acquired

Garden Grove-based Bar Code Specialties Inc. will be acquired by Quest Solution Inc., a Nevada IT integrator.

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Ackman Withdraws From Meeting

Activist investor Bill Ackman said today that he would withdraw from a special shareholders’ meeting he had planned in the wake of Irvine-based Allergan Inc.’s $66 billion acquisition by Actavis PLC, according to CNBC.

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Midday Stock Roundup

The S&P 500 rose 0.52% to 2.051.92 in midday trading.

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El Pollo Loco Lock-Up Date Waived

Costa Mesa-based El Pollo Loco Holdings Inc. said insiders will be able to sell 6 million shares as early as Wednesday, November 19, after a “lock-up” date was waived by the lead managers of its initial public offering in July.

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Pieology Builds Executive Team

Pieology Pizzeria named Stephanie Lambrecht vice president of operations, the third senior executive it’s hired this summer.

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Midday Stock Roundup

The S&P 500 was flat at 2,040.35 in midday trading.

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Allergan Acquired by Actavis for $66B

Irvine-based Allergan Inc. has agreed to be acquired for $66 billion by Actavis PLC.

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Cal Republic Raises $90M, Swings to Profit in Q3

Irvine-based California Republic Bancorp has raised about $90 million in equity and debt offerings.