Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Newport Beach Biopharmaceutical Company Raises $13.6M

Newport Beach-based Cold Genesys Inc. said it received $13.57 million in first round of funding.

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PacSun Exec Moves to Wet Seal

Wet Seal Inc. in Foothill Ranch said it appointed Christine Lee executive vice president and chief merchandising officer.

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Architecture Firm Changes Name

MVE Institutional Inc. changed its name to SVA Architects Inc., said Ernesto Vasquez, the Santa Ana-based architecture firm’s chairman and chief executive.

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Midday Stock Roundup

The S&P 500 fell 0.5% to 1,921.29 in midday trading Friday.

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Mazda Miata Hooks Up With Fashion Rocks

Mazda North American Operations in Irvine has launched “Road to Fashion Rocks,” a six-week TV, print and digital marketing campaign promoting soon-to-be released 2016 MX-5 Miata.

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PacSun Exec Moves to Wet Seal

Wet Seal Inc. in Foothill Ranch said it appointed Christine Lee executive vice president and chief merchandising officer.

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Auto Sales Leads Firm Reports Q2 Revenue

Autobytel Inc. said its second-quarter revenue was $25.9 million, up about 46% from the $17.8 million it posted a year ago but under the $27 million in revenue analysts expected from the Irvine-based automotive sales leads generator.

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Johnny Rockets Hires First Chief Marketer

Aliso Viejo-based Johnny Rockets named Joel Bulger chief marketing officer, a new position at the Americana-themed hamburger chain.

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Irvine Investor Pays $35M for Insurer

Irvine-based Dhandho Holdings LP has agreed to pay $35 million for Stonetrust Commercial Mutual Insurance Holding Co. in Baton Rouge, La.

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Newport Beach Biopharmaceutical Company Raises $13.6M

Newport Beach-based Cold Genesys Inc. said it received $13.57 million in first round of funding.

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Valeant Shares Dip; Allergan Bid Still On

Shares of Valeant Pharmaceuticals International Inc., which is attempting to take over Irvine-based Allergan Inc., fell sharply today after it cut its 2014 and 2015 profit forecasts.

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PacSun Exec Leaves Company

Pacific Sunwear of California Inc. said Christine Lee, its senior vice president of women’s merchandising and design, resigned.

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Midday Stock Roundup

The S&P 500 was down 1.42% to 1,942.12 in midday trading Thursday.

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SJC Cloud Specialist Raises $3.5M

San Juan Capistrano start-up GenieDB Inc. has raised $3.5 million, according to a filing with the Securities and Exchange Commission.

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Del Taco Offers Franchise Incentives

Lake Forest-based Del Taco LLC said it will offer incentives for franchisees in new markets as well as for military veterans and members of minority groups.

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Whole Foods Coming to Irvine Spectrum

Grocery chain Whole Foods Market will anchor a new shopping center in the Irvine Spectrum next to the Los Olivos apartment complex.

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Concordia Seeks 92,000 SF Expansion

Concordia University in Irvine has asked the city for approval to demolish buildings, construct new ones and add dorms and parking to its campus.

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Western Digital’s June Quarter Beats Wall Street

Irvine-based storage products maker Western Digital Corp. on Wednesday reported revenue and adjusted profits in the June quarter that beat Wall Street expectations.

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Jackson Asks for Broadcom’s Data on Race, Gender of Employees

Irvine-based chipmaker Broadcom Corp. is among the latest large technology companies to be pressured to provide employment data on race and gender as concerns rise over diversity in the influential sector.

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Edwards’ Profit Gain Fueled by Settlement

Irvine-based Edwards Lifesciences Corp. today reported second-quarter results that surpassed Wall Street’s expectations.

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Midday Stock Roundup

The S&P 500 was down 0.23% to 1,965.44 in midday trading Wednesday.

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CalFirst Bank Posts Flat Full-Year Profit

Irvine-based California First National Bancorp reported its fiscal year-end results, including about $7.3 million in full-year profit, about the same as a year earlier.

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Profit, Loans Up for Cal Republic

California Republic Bancorp reported $3.3 million in second-quarter profit, a 14% growth from the same period last year.

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Fisker’s Bankruptcy Plan Approved

The Chapter 11 plan for Costa Mesa-based Fisker Automotive Inc. got approval from the United States Bankruptcy Court for the District of Delaware.

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Edwards’ Profit Gain Fueled by Settlement

Irvine-based Edwards Lifesciences Corp. today reported second-quarter results that surpassed Wall Street’s expectations.