Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Midday Stock Roundup

Markets were flat in midday trading as investors waited for the Federal Reserve to speak on interest rates.

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JetSuiteX Adds Santa Monica

JetSuiteX in Irvine plans in February to begin offering public charter flights from Santa Monica Airport.

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Genetics Nonprofit Grows Board

Global Genes in Aliso Viejo expanded its board from eight members to 11 with the additions of Wendy White, Natalie Douglas, and Nauman Shah.

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Galardi Gets Senior Slot

Wienerschnitzel in Irvine named J.R. Galardi executive vice president of the fast food hot dog chain.

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Fashion Island Unveils Chatbot

Fashion Island launched a concierge chatbot that helps shoppers find a specific brand, store or service offered at the outdoor mall in Newport Beach.

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Midday Stock Roundup

The S&P 500 was up 0.8% in midday trading to 2,276.33.

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Taco Bell to Grow in Spain

Taco Bell Corp. in Irvine plans to more than double its restaurants in Spain with 45 new units in three to five years through its franchisee Casual Brands Group in Madrid.

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Pacific Premier Buys in Central Coast

Pacific Premier Bancorp Inc. in Irvine will acquire Heritage Oaks Bancorp in Paso Robles in an equity deal for about $405.6 million.

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Center for Korean Studies Opens

The University of California-Irvine opened a Center for Critical Korean Studies with a grant of about $850,000 from the Academy of Korean Studies in Seongnam, South Korea.

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Sports Anaheim Signs Three Deals

Sports Anaheim today said it signed deals with three national sports governing bodies to host events for them. Two of the groups will maintain a presence in or move to Anaheim; the third is already based in Orange County.

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Peppers Wins Lott Trophy

University of Michigan standout Jabrill Peppers took home top honors at the 13th annual Lott IMPACT Trophy Awards last night at the Pacific Club in Newport Beach.

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Midday Stock Roundup

The S&P 500 was down 0.2% in midday trading to 2,254.61.

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Bank Files to Sell $200M in Stock

First Foundation Inc. in Irvine filed a shelf registration with the Securities and Exchange Commission to sell up to $200 million in shares.

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,253.20.

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Gross’ Wife Files for Divorce

The wife of “bond king” Bill Gross filed for divorce last month.

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Engineering Firm Acquired

CivilSource, Inc. in Irvine has been bought by NV5 Global Inc. in Hollywood, Fla., for an undisclosed cash price.

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CKE Chief to Head Labor Dept.

Andrew Puzder, chief executive of CKE Restaurant Holdings Inc., is expected to be nominated by President-elect Donald Trump to lead the Labor Department, news reports said.

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,247.85.

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Blizzard Branches into Books

Blizzard Entertainment Inc. in Irvine launched a book-publishing label, Blizzard Publishing, which will develop and release new and out-of-print titles related to the company’s “Warcraft,” “StarCraft” and “Diablo” games, both directly and through ongoing global partnerships.

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Conexant Chips for Amazon’s Alexa

Chipmaker Conexant Systems Inc. in Irvine is supplying key audio and voice technology to Amazon.com as part of a deal announced this morning.

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15-Story Hotel Tower OK’d

Costa Mesa’s Avenue of the Arts Hotel is set for a 63% expansion in room count following city planning commission approval on Nov. 28 of a new, 15-story tower adjacent to the existing property.

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Midday Stock Roundup

The S&P 500 was up 0.6% in midday trading to 2,224.21.

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Microsemi Invests in GE Spinout

Chipmaker Microsemi Corp. in Aliso Viejo is part of a consortium of investors putting $18.7 million into an Irvine startup spun out of General Electric’s Global Research Center.

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Vans Boss Moves to Parent Co.

VF Corp. in Greensboro, N.C. promoted Vans Inc. President Kevin Bailey to the same post for the parent company’s Asia-Pacific region.

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Game App Maker Buys Puzzle Firm

MobilityWare in Irvine bought Critical Hit Software in San Diego on undisclosed terms.