Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Corinthian Seeks to Sell Heald Name

Santa Ana-based Corinthian Colleges Inc. wants to sell some of its Heald College intellectual property for $80,000, according to Dow Jones.

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New Post for Baden Amid Layoffs at Oakley

Oakley Inc. in Foothill Ranch has eliminated its “office of the CEO” and laid off more than 150 workers as part of an “integration process” with Italy-based parent Luxottica Group S.p.A.

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Del Taco Q2 Numbers Up

Lake Forest-based Del Taco Restaurants Inc. reported about $11 million in earnings for its June quarter, a 30% increase over the same period last year.

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Opus Bank Q2 Profit, Loans Up

Opus Bank reported higher year-over-year net income in the second quarter thanks to growth on a number of fronts, including interest income on loans and noninterest income.

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Irvine Med-Ed Firm Sets $20M IPO

Irvine-based Axis Research and Technologies Inc. today filed papers with the Securities and Exchange Commission seeking to sell $20 million worth of stock in an initial public offering.

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Midday Stock Roundup

The S&P 500 was up down 0.5% in midday trading to 2,069.79.

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Allergan in $40B Generics Deal

Allergan PLC said today that it will sell its generic drug business for $40.5 billion in cash and stock to Teva Pharmaceutical Industries Ltd.

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Vizio Files for IPO

Irvine-based Vizio Inc. has filed a registration statement with the Securities and Exchange Commission to raise up to $172.5 million in an initial public offering.

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Mitsubishi to Shut U.S. Factory

Cypress-based Mitsubishi Motors North America Inc. said it plans to end production here.

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Mitsubishi to Shut U.S. Factory

Cypress-based Mitsubishi Motors North America Inc. said it plans to end production here.

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Vans Up in Q2

Vans Inc. revenue was up 17% for the second quarter, which ended July 4, according to its parent, Greenboro, N.C.-based VF Corp.

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Midday Stock Roundup

Stock indices were lower in midday trading on companies’ mixed quarterly results and a fall in commodities prices.

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$40M for HB Paddle Board Brand

Stand-up paddle board maker Jimmy Styks LLC in Huntington Beach was acquired by Clearfield, Utah-based Vista Outdoor Inc. in a $40 million, all-cash deal.

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BJ’s Posts Mixed Q2 Results

Huntington Beach-based BJ’s Restaurants Inc. reported second-quarter income of $12.4 million on revenue of $232 million.

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Pac Merc Q2 Profit, Loans Up

Pacific Mercantile Bancorp reported higher year-over-year net income for the second quarter citing higher yield on earning assets.

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Ammonia Producer Finishes Plant

Santa Ana-based QuantumSphere Inc. said it had completed a manufacturing facility in Santa Ana.

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Microsemi Posts Record Revenue, Profits in June Quarter

Aliso Viejo-based chipmaker Microsemi Corp. reported revenue for the June quarter that beat Wall Street expectations and adjusted profits in line with estimates.

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Midday Stock Roundup

The S&P 500 was down 0.5% in midday trading to 2,103.93.

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Students Seek $2.5B Claim Against Corinithian

Attorneys for former students of Santa Ana-based Corinthian Colleges Inc. are asking a court for permission to file a $2.5 billion claim against the bankrupt former operator of for-profit schools, the Wall Street Journal said.

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William Lyon Homes Promotes Zaist to Co-CEO

William Lyon Homes said it has promoted Matthew Zaist to the role of co-chief executive officer.

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Laguna Niguel Auction House Gets HOF Nod

Laguna Niguel-based SCP Auctions has been named the official auction and appraisal partner of the Naismith Memorial Basketball Hall of Fame.

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Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading to 2,113.48.

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Alliant Acquires Agribusiness Agency

Newport Beach-based Alliant Insurance Services Inc. has acquired an agency in Lodi that specializes in agribusiness insurance. Terms of the deal weren’t disclosed.

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Louisiana Hospital System Takes Innovation Institute Stake

The Innovation Institute in La Palma, founded with an investment from Irvine-based St. Joseph Health, said today that the Franciscan Missionaries of Our Lady Health System has become its fourth member and investor.

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Anaheim Software Maker Acquired

Anaheim-based Scenario Virtual Project Delivery was acquired by Plantation, Florida-based e-Builder Inc. on undisclosed terms.