Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Irvine Bank Joins Russell 2000 Index

Irvine-based bank First Foundation Inc. will become part of the Russell 2000 Index on Monday morning.

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Ubiquity Names CTO

Irvine-based technology-focused media company Ubiquity Inc. appointed Jonathan Kalbfeld as chief technology officer, effective July 18, replacing Kristain Sandburg.

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Midday Stock Roundup

Indexes were up in midday trading as European markets closed higher yesterday ahead of the U.K.’s vote today on European Union membership.

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FivePoint to Sponsor Concert Venue’s Last Season

FivePoint Holdings in Aliso Viejo said it will sponsor the final concert series at Irvine Meadows Amphitheater and is also exploring building an amphitheater on the south end of the Orange County Great Park in Irvine.

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AG Grants Conditional Consent to Providence-St. Joseph Combination

California Attorney General Kamala Harris has conditionally consented to Irvine-based St. Joseph Health’s proposed affiliation with Providence Health and Services.

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Midday Stock Roundup

The S&P 500 was up 0.1% in midday trading to 2,090.81.

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Verizon to Buy Telogis

Verizon Communications Inc. will buy Aliso Viejo-based Telogis Inc. on undisclosed terms.

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Pieology Buys Competitor

Rancho Santa Margarita-based Pieology Pizzeria bought competitor Carlsbad-based Project Pie.

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Verizon to Buy Telogis

Verizon Communications Inc. will buy Aliso Viejo-based Telogis Inc. on undisclosed terms.

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Family-Owned Firms Feted

About 390 people attended the Business Journal’s 17th Family Owned Business Awards luncheon at Hotel Irvine on Tuesday.

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Irvine Software Maker Sold

Irvine-based data management software maker Vision Solutions Inc. has been sold to private equity firm Clearlake Capital Group L.P. in Santa Monica.

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Midday Stock Roundup

The S&P 500 was up 0.1% in midday trading to 2,085.60.

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Karma Fills New Exec Post

Karma Automotive LLC, the Costa Mesa-based manufacturer of luxury electric hybrid plug-in vehicles, hired Dennis Dougherty as president and chief operations officer, a new position.

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MemorialCare Teams With Boeing for Health Plan

Fountain Valley-based MemorialCare Health System said today it would work with Boeing Co. to create a customized health plan for the aerospace company’s employees and dependents in Orange County, Long Beach and the South Bay area of Los Angeles County.

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SurfStitch Trims in Irvine

Australia-based SurfStitch Group Ltd. said it plans to eliminate 40 positions at Irvine-based subsidiary SurfStitch USA Inc.

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Midday Stock Roundup

Indices were up in midday trading on news the United Kingdom looked more likely to remain in the European Union.

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PacSun BK Auction Canceled

The bankruptcy auction for assets of Pacific Sunwear of California Inc. in Anaheim has been canceled, with San Francisco-based private equity firm Golden Gate Capital now set to acquire all of the retailer’s assets.

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Dana Point DMO to Hire Chief

Visit Dana Point plans to hire an executive director by summer’s-end, according to Board Chairman Jim Samuels, general manager of Laguna Cliffs Marriott Resort & Spa.

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El Pollo Loco Signs Tucson Franchisee

Costa Mesa-based El Pollo Loco Holdings Inc. signed PLM Restaurants LC in Ogden, Utah to open six new sites in Tucson, Ariz., by August 2019, and to buy the chain’s two existing company-owned sites there.

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El Pollo Loco Signs Tucson Franchisee

Costa Mesa-based El Pollo Loco Holdings Inc. signed PLM Restaurants LC in Ogden, Utah to open six new sites in Tucson, Ariz., by August 2019, and to buy the chain’s two existing company-owned sites there.

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Dana Point DMO to Hire Chief

Visit Dana Point plans to hire an executive director by summer’s-end, according to Board Chairman Jim Samuels, general manager of Laguna Cliffs Marriott Resort & Spa.

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Rehab Hospital Opens in Aliso Viejo

AAC Holdings Inc. said today it opened Laguna Treatment Hospital in Aliso Viejo.

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Midday Stock Roundup

The S&P 500 was down 0.4% in midday trading to 2,070.73.

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OC Unemployment Down Again

Orange County’s unemployment rate was down to 3.6% in May from a revised 3.9% in April as employers added 11,700 jobs.

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Cuts at PIMCO

Newport Beach-based asset management firm Pacific Investment Management Co. has cut 68 jobs, or about 3% of its 2,300 workers companywide.