Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Ingram Micro Buys Two Companies

Santa Ana-based Ingram Micro Inc. has acquired two companies that add to its higher-margin and growing recycling and mobile services business.

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Taco Bell Parent Pursues India Franchise Deal

Irvine-based Taco Bell Corp.’s parent company plans to sell franchise rights in parts of India to three private equity firms, a news report in that country said.

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World Poker Tour Sells for $35M

Irvine-based WPT Enterprises Inc., which runs the World Poker Tour, has been acquired for $35 million by one of China’s largest gaming companies.

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Anna’s Linens to Liquidate Inventory

Anna’s Linens Inc. in Costa Mesa has started what it describes as a going-out-of-business sale at its 252 retail locations throughout the U.S. and Puerto Rico.

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MemorialCare Names New Long Beach Boss

Fountain Valley-based MemorialCare Health System said today that John Bishop is the new chief executive of its Long Beach Memorial, Miller Children’s & Women’s Hospital Long Beach and Community Hospital Long Beach.

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Midday Stock Roundup

The S&P 500 was up 0.6% to 2,122.77.

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CSUF Names Three to Foundation Board

California State University-Fullerton named Mark Costa, Bill Cheney and Ingrid Otero-Smart to its philanthropic foundation’s board of governors.

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OC Auto Sales Up in May

Orange County auto dealers sold 14,596 vehicles in May, a 10.7% increase from the same period last year, according to the Newport Beach-based Orange County Automobile Dealers Association.

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OC Auto Sales Up in May

Orange County auto dealers sold 14,596 vehicles in May, an 10.7% increase from the same period last year, according to the Newport Beach-based Orange County Automobile Dealers Association.

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KPC Health Names Richards CEO of Health Operations

KPC Health, a unit of the Riverside-based KPC Group, said today that it named Suzanne Richards chief executive of healthcare operations.

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Midday Stock Roundup

The S&P 500 was down 0.2% to 2,116.82.

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OC Adds Jobs But Unemployment Up

The unemployment rate in Orange County ticked up in May despite an increase of 13,000 jobs.

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Ad Agency Spinoff Gets $2.15 Million

Founders of the Column Five Inc. ad agency said they have secured $2.15 million in seed money to grow their side endeavor, Visage Inc. in Irvine.

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Midday Stock Roundup

Stock indices were strongly higher in midday trading on a decline in applications for unemployment benefits to a 15-year low, indications from a predictive index that the economy could strengthen in the second half of the year, and yesterday’s U.S. Federal Reserve Board decision that it wouldn’t yet raise interest rates.

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FDA Clears Edwards Sapien 3 Valve

The Food and Drug Administration Wednesday approved Irvine-based Edwards Lifesciences Corp.’s Sapien 3 less-invasive heart valve.

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Midday Stock Roundup

The S&P 500 was down 0.2% to 2,091.48.

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Allergan Adds to Aesthetics Line

Allergan Plc will buy Westlake Village, Calif.-based Kythera Biopharmaceuticals Inc. for cash and stock valued at $2.1 billion.

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Fisker to Open Moreno Valley Plant

Costa Mesa-based Fisker Automotive and Technology Group said in a press release that its first U.S manufacturing plant for the relaunch of the Karma hybrid electric car will be in Moreno Valley.

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Ingram Acquires Saudi Arabia Reseller

Santa Ana-based Ingram Micro Inc. has furthered its reach in the Middle East by acquiring the assets of Arabian Applied Technology, the largest value-added reseller in Saudi Arabia.

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Midday Stock Roundup

The S&P 500 was up 0.6% to 2,096.10 in midday trading.

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Irvine-Based Software Maker Raises $6.5M

Irvine startup Connectifier has raised $6.5 million in a Series A funding round led by True Ventures in Palo Alto.

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Habit Readies First Florida Location

Irvine-based Habit Restaurants Inc. plans to open its first restaurant in Florida on June 24 in Delray Beach.

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Anna’s Linens Files for Chapter 11

Anna’s Linens Inc. in Costa Mesa filed for Chapter 11 bankruptcy protection on June 14 with the U.S. Bankruptcy Court, Central District of California.

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Midday Stock Roundup

The S&P 500 was down 0.5% to 2,084.12.

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Standard Pacific to Combine with Ryland in $5.2B Deal

Irvine-based Standard Pacific Corp. said it would combine with Westlake Village-based Ryland Group Inc. in a deal valued at $5.2 billion, which news reports said would create the fourth-largest homebuilder in the U.S.