Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Mazzo Resigns From Microsemi’s Board

Aliso Viejo-based Microsemi Corp. said that James V. Mazzo has resigned from its board of directors.

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More Johnny Rockets Overseas

Aliso Viejo-based hamburger chain Johnny Rockets Inc. said it plans to open four or five new restaurants in South America by the end of the year and another seven in 2015, adding to the 13 it has there now.

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Mazzo Added to Insider Trading Indictment

Veteran Orange County medical device executive James V. Mazzo was added to a federal grand jury indictment on insider trading charges, the Department of Justice said today.

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Midday Stock Roundup

The S&P 500 rose 0.47% to 1,992.16 in midday trading.

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Valeant Previews Q3, Changes Tone on Allergan

Canada-based Valeant Pharmaceuticals International Inc., which is attempting a hostile takeover of Irvine-based Allergan Inc., got a lift in early trading today after it released a preview of its results for the current quarter.

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5 Honored With General Counsel Awards

A crowd of more than 400 members of Orange County's corporate and legal communities gathered to honor this year’s top in-house lawyers at the Orange County Business Journal's 5th annual General Counsel Awards.

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Avanir Selling $200 Million in Stock

Aliso Viejo-based Avanir Pharmaceuticals Inc. is offering $200 million of its shares to the general public.

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Irvine Glaucoma Device Startup Raises $25 Million

Irvine-based Ivantis Inc. said today that it raised $25 million in its second round of financing.

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OC Auto Sales Up 6.2% in August

Orange County auto dealers sold 13,592 vehicles in August, a 6.2% increase from the same period last year, according to Newport Beach-based Orange County Automobile Dealers Association.

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Aliso Video Game Maker Raises $1M

MEK Entertainment Inc., an independent video game maker in Aliso Viejo established by a former Blizzard Entertainment Inc. programmer, has secured $1 million in a seed round.

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Freedom to Shutter LA Register

Santa Ana-based Freedom Communication Inc. will stop publication of the Los Angeles Register, according to a memo from Chief Executive Aaron Kushner and co-owner Eric Spitz to employees last night.

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Midday Stock Roundup

The S&P 500 dipped 0.1% to 1,991.66 in midday trading.

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Ackman Threatens Suit on Allergan Buy

Activist investor Bill Ackman has threatened to sue Allergan Inc. if the Irvine-based drug maker goes ahead with an acquisition of Salix Pharmaceuticals Ltd. in a deal that doesn’t require a vote of Allergan shareholders.

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WSJ: Allergan in Advanced Talks for Potential Salix Deal

Irvine-based Allergan Inc. is in advanced talks to buy Salix Pharmaceuticals Ltd. after turning down a buyout offer from Actavis PLC, according to a report today in the Wall Street Journal.

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Midday Stock Roundup

Major stock indices were down in midday trading today.

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TTM Buys Rival

Costa Mesa-based printed circuit board maker TTM Technologies Inc. today announced it will acquire Viasystems Group Inc. in a $927 million deal.

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China-Based Athletic Brand Picks Irvine for U.S. Headquarters

361 Degrees International Ltd., which bills itself as second-largest athletic brand in China, has chosen Irvine for its North American headquarters.

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China-Based Athletic Brand Picks Irvine for U.S. Headquarters

361 Degrees International Ltd., which bills itself as second-largest athletic brand in China, has chosen Irvine for its North American headquarters.

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Midday Stock Roundup

The S&P 500 fell 0.1% to 2,010.03 in midday trading.

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Register Expected to Close on HQ Sale, Make Severance Payments

A sale of the Santa Ana headquarters of the Orange County Register to developer Mike Harrah is expected to close within a few days, according to sources.

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Unemployment Rate, Jobs Fall

Orange County’s unemployment rate dipped to 5.4% in August despite a decrease of 1,900 jobs over the month.

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Group Pays Off $3.86M Worth of Corinthian Students’ Debt

An offshoot group of the Occupy Wall Street movement paid off $3.86 million in loans owed by 2,761 students of a Corinthian Colleges Inc. school, according to reports.

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Entertainment Parks Operator Sells 15 Locations

Newport Beach-based leisure park owner and operator Palace Entertainment Inc. has sold 15 of its entertainment center locations to Apex Parks Group in Aliso Viejo.

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Montage Names Managing Director

Irvine-based Montage Hotels & Resorts named Rick Riess managing director of its coastal Orange County flagship resort Montage Laguna Beach.

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Autobytel Increases Share Buyback Plan

Autobytel Inc.’s board of directors has approved an additional $1 million common stock repurchase program, increasing the total planned amount to $3 million.