OC BUSINESS JOURNAL DAILY NEWS
Internet-based mortgage lender cloudvirga Inc. in Irvine raised $7.5 million in Series A funding, led by Calabasas-based Dallas Capital. Santa Monica venture capital firm Upfront Ventures and angel investment club Tribeca Angels in New York participated in the round.
Infinite RF Holdings Inc. in Irvine bought on undisclosed terms L-Com Inc., a maker of custom computer networking equipment in North Andover, Mass.
Lake Forest-based restaurant franchisor Johnny Rockets Group Inc. named John Maguire president and chief executive officer.
Costa Mesa-based Volcom Inc. posted $121.8 million in revenue for the first half of 2016, a 14.9% decrease compared to the same period last year, according to Kering, its Paris-based parent.
The S&P 500 was down 0.1% in midday trading to 2,164.93.
In-N-Out Burgers Inc. President Lynsi Snyder made a rare public appearance today at the Disneyland Hotel to pick up the 2016 Most Trustworthy Leader Award, while her Irvine–based company beat co-finalists Yard House USA Inc. in Irvine and BJ’s Restaurants Inc. in Huntington Beach for top honors in the restaurant chain category.
Orange County opened more new hotel rooms in the first six months of 2016 than any county in California but its future pace will give way to other areas, according to a recent report.
Jena, Germany-based Carl Zeiss Meditec AG said today that veteran Orange County medical device executive James Mazzo will be its new global president of ophthalmology.
Irvine-based Western Digital Corp. co-led a $77 million funding round for a Redwood City startup with noted Silicon Valley venture capital firm Kleiner, Perkins, Caufield and Byers.
Fountain Valley-based MemorialCare Health System appointed a pair of financial executives for its Orange County hospitals.
The S&P 500 was down 0.2% in midday trading to 2,165.26.
Visit Dana Point named Sean Keliiholokai executive director, effective in mid-August.
Irvine-based Edwards Lifesciences Corp. surpassed analysts' expectations on second-quarter revenue and profit and hiked its 2016 forecast in a report issued after markets closed today.
Irvine-based Vizio Inc. has been acquired for $2 billion by LeEco, a conglomerate based in China.
The S&P 500 was down 0.1% in midday trading to 2,167.16.
Taco Bell Chief Executive Brian Niccol has joined the board of directors at Harley-Davidson Inc., the maker of motorcycles in Milwaukee, Wis.
The S&P 500 was down 0.5% in midday trading to 2,165.28.
Glaukos Corp. in Laguna Hills said Chief Financial Officer Richard Harrison will retire next year.
The S&P 500 was up 0.3% in midday trading to 2,172.44.
Orange County’s unemployment rate was up to 4.4% in June from a revised 3.6% in May, much of the increase caused by 0.8% growth in the local labor force to 1.61 million.
Vans Inc. revenue was up 4% in July quarter, according to its Greenboro, N.C.-based parent, VF Corp.
Costa Mesa-based investment adviser New Market Wealth Management has a new equity owner in Cliffwater LLC, an investment adviser in Los Angeles.
Ingram Micro Inc.’s pending $6 billion sale to Chinese conglomerate Tianjin Tianhai Investment Co. Ltd. has run into its first hurdle that could ultimately derail the deal.
The S&P 500 was down 0.5% in midday trading to 2,162.92.
Lake Forest-based Quantum Fuel Systems Technologies Worldwide Inc. was purchased by Douglas Acquisitions LLC, an affiliate of second-position secured creditors.