Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Midday Stock Roundup

The S&P 500 was flat at 2,061.66 in midday trading.

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Newport Corp. to Acquire Austrian Company

Irvine-based Newport Corp., which makes lasers and related equipment, is set to acquire a small Austrian company that specializes in ultra-fast laser systems used in scientific and biomedical research.

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Chapman Pharmacy School Gets Initial Accreditation

Chapman University said its new School of Pharmacy earned “precandidate” accreditation by the Chicago-based Accreditation Council for Pharmacy Education.

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Broadcom Responds to Call for Gender, Ethnic Data on Employment

Irvine-based chipmaker Broadcom Corp. released some race and gender data on its workforce for the first time in response to ongoing requests from civil rights and labor activists.

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Aliso Viejo Delivery Company Part of $80M Buy

Aliso Viejo-based meal delivery service Restaurants on the Run is set to be acquired by Chicago-based GrubHub, according to news reports.

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Blizzard Posts Strong Q4 on WoW Expansion Release

Irvine-based video game maker Blizzard Entertainment Inc. reported a strong fourth quarter after the close of intraday trading Thursday, with revenue and operating profits rising.

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Wienerschnitzel Hires CMO

Irvine-based fast food hot dog chain Wienerschnitzel said it named Doug Koegeboehn chief marketing officer.

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JWA Names Interim Chief

John Wayne Airport said the Orange County Board of Supervisors named Lawrence Serafini acting director, following the departure of current Airport Director Alan Murphy.

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Midday Stock Roundup

The S&P 500 was up 0.8% to 2,058.14 in midday trading.

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Russell to Replace Rogers at PBS SoCaL

Mel Rogers will retire from his post as president and chief executive of Costa Mesa-based PBS SoCaL effective April 30.

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5 Take CFO Honors

Executives were honored in five categories last night at the Orange County Business Journal CFO of the Year awards, which drew a crowd of about 600 to the Hotel Irvine.

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TTM Beats on Q4, Gives Outlook

Costa Mesa-based printed circuit board maker TTM Technologies Inc. after the close of intraday trading Wednesday reported fourth quarter revenue and adjusted profits that beat Wall Street expectations.

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Allergan Beats Analysts' Expectations

Irvine-based Allergan Inc. Wednesday reported mixed fourth-quarter financial results.

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Midday Stock Roundup

The S&P 500 was down 0.2% to 2,045.18 in midday trading.

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SA Security Firm Grows Retail Side

Santa Ana-based Universal Protection Service has acquired two guard services companies to expand its retail mall business.

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Tenn. Company Adds Aliso Hospital

AAC Holdings Inc., a publicly traded operator of inpatient substance abuse treatment centers, is buying a hospital with a license for 84 beds in Aliso Viejo for $13.5 million, according to a news release.

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Edwards Beats Wall Street

Irvine-based Edwards Lifesciences Corp. after markets closed Tuesday reported fourth-quarter financial results that beat expectations.

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Mitsubishi January Sales Pace Strong

Orange County-based automakers posted year-over-year sales gains in January, according to New Jersey-based market researcher Autodata Corp.

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Corinthian Buyer Offers to Forgive $480M in Loans

The company that plans to buy 50 campuses of Santa Ana-based Corinthian Colleges Inc. said it would forgive $480 million in private student loans in exchange for federal approval for the deal, according to a news report.

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Midday Stock Roundup

The S&P 500 was up 1% to 2.039.66 in midday trading.

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Ruby’s Plans Fast Casual Expansion

Irvine-based Ruby Restaurant Group Inc. said it wants to add 20 franchises of its smaller “dinette” restaurants in 2015 as part of a bid to bring the casual dining chain into the popular fast casual trend.

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PennySaver Trims Distribution

Brea-based PennySaver USA will stop delivering local editions of its weekly PennySaver publications to the South Bay and the East Bay areas of Northern California, effective April 15.

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Midday Stock Roundup

The S&P 500 was down 0.1% to 1,993.20 in midday trading.

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Opus Forms Broker-Dealer Arm

Irvine-based Opus Bank has established a broker-dealer subsidiary to support its merchant banking business.

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Midday Stock Roundup

The S&P 500 was down 0.7% to 2,006.55 in midday trading.