Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Broadcom in $37B Deal

Irvine-based chipmaker Broadcom Corp. has agreed to be acquired by Avago Technologies Ltd. for $37 billion.

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UCI to Add Data Science Bachelor’s

University of California-Irvine plans to enroll its first undergraduates this fall in a new bachelor’s of science program in data science. UC Irvine is the first UC campus to offer the degree.

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Pacific Premier Hires CFO

Irvine-based Pacific Premier Bancorp Inc. has tapped Allen Nicholson as chief financial officer.

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Kiss Names New CEO

Arena football insider Joe Windham has been named chief executive of the LA KISS, which plays its home games at the Honda Center in Anaheim.

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Tilly’s Shares Fall on Mixed Q1

Tilly’s Inc. beat Wall Street expectations on earnings but slipped on revenue in the first quarter of its fiscal 2015, and shares fell more than 23% in Thursday trading.

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Neudesic Buys Anaheim IT Provider

Irvine-based IT provider Neudesic LLC has acquired Anaheim competitor Web4, which specializes in enterprise content management and human resources software.

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Midday Stock Roundup

The S&P 500 was up 0.8% to 2,121.34.

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Anaheim Lighting Products Maker Sold

Anaheim-based lighting products maker Intense Lighting LLC has been acquired by Leviton Manufacturing Co., a Melville, N.Y.-based manufacturer of electrical wiring equipment.

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JWA April Traffic Higher

John Wayne Airport reported a 5.7% year-to-year increase in total passengers to about 826,000 for April, compared with about 781,000 in the same period last year.

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Midday Stock Roundup

Major stock indices declined in midday trading on concerns over lagging economic growth.

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Jobs Site Gets $1.2M Angel Funding

Mission Viejo-based Jobrivet said today it received $1.2 million in angel funding, and now has raised $1.5 million total, according to cofounder Todd Peets.

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Midday Stock Roundup

The S&P 500 was flat at 2,130.28.

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OC Adds Jobs in April

Orange County employers added 3,800 jobs in April, helping drive down the unemployment rate to 4.1%.

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Frost Data Capital Part of Investor Group

Frost Data Capital, a San Juan Capistrano-based investment firm and start-up incubator, joined other venture investors to back Maana, a developer of big-data search engine technology.

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Autobytel Buys Competitor

Autobytel Inc. shares were up about 30% to a market value of $185 million after the Irvine-based automotive marketing company said it acquired Dealix Corp. from CDK Global Inc. in Hoffman Estates, Ill. for $25 million.

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Taylor Morrison Buys Pacifica San Juan Site in SJC

A venture that includes Scottsdale, Ariz.-based Taylor Morrison Home Corp. has bought the stalled Pacifica San Juan home development in San Juan Capistrano.

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Midday Stock Roundup

The S&P 500 was up 0.2% to 2,130.17.

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Irvine Ranked Most Integrated U.S. City

Irvine was the only city in the U.S. to rank among the top 15 for both overall population growth and the pace of its increase last year, according to estimates released today by the U.S. Census Bureau.

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El Pollo Loco Sets Dallas Plan

El Pollo Loco said it plans at least 20 restaurants for a previously announced expansion into Dallas, to include seven franchised by an affiliate of local family office, Henry Investment Group.

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Segerstrom Daniels Gives $5M to CHOC Mental Health Program

Children’s Hospital of Orange County said today it's building a new children’s mental health inpatient center as part of an initiative that will be supported by a $5 million gift from Sandy Segerstrom Daniels.

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Midday Stock Roundup

The S&P 500 was down 0.1% to 2,126.22

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Edwards Suspends Valve Study

Irvine-based Edwards Lifesciences Corp. said today that it is voluntarily halting enrollment in an early clinical trial for an experimental, less-invasive mitral heart valve.

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Biolase Names CEO

Irvine-based Biolase Inc. said today that Harold Flynn Jr. will become its new chief executive, effective July 13.

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Theme Parks Operator Buys in NJ

Apex Parks Group, an Aliso Viejo-based owner and operator of leisure parks, has acquired Sahara Sam’s Oasis Indoor and Outdoor Water Park in New Jersey.

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Marcum Names Irvine Partner to Head CA Tax Business

National accounting firm Marcum LLP has named John Eckweiler, a partner in its Irvine office, partner-in-charge of tax and business services for its California operations.