Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Southwest to Fly Long Beach to Oakland

Southwest Airlines will fly from from Long Beach Airport to Oakland International Airport starting June 5.

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Midday Stock Roundup

The S&P 500 was flat in midday trading at 2,063.95

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New Owner Cuts Execs at Register

Digital First Media, the new owner of the Orange County Register, has parted ways with several members of prior owner Freedom Communications Inc.’s senior management team, according to sources close to the matter.

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UCI to Start E-Sports Program

University of California-Irvine will launch an e-sports program this fall with a new arena equipped with high-end gaming PCs, a staging area for League of Legends competitions and a live webcasting studio at the Student Center.

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Japan Regulators Clear Glaukos Stent

The Japanese Ministry of Health, Labor and Welfare has approved a glaucoma device made by Laguna Hills-based Glaukos Corp.

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Mazzo Asks Judge for Stay in Case

Longtime Orange County medical device executive James V. Mazzo has asked a judge for a stay in his federal insider trading case, according to court papers.

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eBay Buys Irvine Auto Marketer

Cargigi Inc. in Irvine was acquired by eBay Inc. on undisclosed terms.

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,061.36.

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Broadcom Sues SpaceX

Broadcom Ltd. said in a lawsuit that Space Exploration Technologies Corporation—SpaceX—recruited engineers away from the chip maker after soliciting Broadcom's services and then declining to work with them.

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St. Regis to Drop Flag June 1

St. Regis Monarch Beach in Dana Point will drop its “flag” and change its name to Monarch Beach Resort on June 1.

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China Investor Wraps up Alliance Deal

Newport Beach-based Alliance HealthCare Services Inc. said today that Fujian Thai Hot Investment Co. completed its purchase of a majority stake in the medical imaging company.

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Lotus Innovations Hires CFO

Irvine-based private equity firm Lotus Innovations has hired Ommid Bavarian as chief financial officer.

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Midday Stock Roundup

The S&P 500 was up 0.5% in midday trading to 2,046.42

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Irvine Retailer Names New CFO

The Wet Seal LLC in Irvine hired Judd Tirnauer as its executive vice president and chief financial officer, effective May 1.

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UCI Gets $8M to Create Vaccine

A University of California-Irvine scientific team has received $8 million from the U.S. Department of Defense to help develop a vaccine for Q fever, a highly infectious agent common among livestock.

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,042.32.

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Irvine Ad Tech Firm to Culver City

Adaptive Medias Inc. in Irvine said it plans to combine with AdSupply Inc. and move its headquarters to Culver City.

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Midday Stock Roundup

Markets are closed today for the Good Friday holiday.

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Corinthian Ordered to Pay $1.1 Billion

Bankrupt Corinthian Colleges Inc., based in Santa Ana, was ordered to pay $820 million in restitution to its former students, plus civil penalties of more than $350 million, in a judgment handed down Wednesday.

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Microsemi Sells Secondary Lines

Aliso Viejo-based Microsemi Corp. has agreed to sell its embedded security, RF, microwave and custom microelectronics businesses for $300 million to Mercury Systems Inc.

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Midday Stock Roundup

The S&P 500 was down 0.4% in midday trading to 2,028.55.

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MemorialCare to Cut 194 Jobs in SC

Fountain Valley-based MemorialCare Health System will be cutting 194 jobs as part of its planned closure of the San Clemente location of its Saddleback Memorial Medical Center, according to a state filing.

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Quantum Fuel in Chapter 11 BK

Lake Forest-based Quantum Fuel Systems Technologies Worldwide Inc. has filed for Chapter 11 bankruptcy protection.

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Midday Stock Roundup

The S&P 500 was down 0.4% in midday trading to 2,041.96.

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SWELL President Named Parent’s Co-CEO

Australia-based online retailer SurfStitch Group Ltd. named Lex Pedersen and Justin Stone co-chief executives.