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CSUF Index: Outlook Inches Up for Q4

ECONOMY: Most OC execs expect revenue gains; 42% plan to add jobsOrange County company executives started the fourth quarter with improved expectations for overall business activity, according to the latest quarterly index of business sentiments published by the Mihaylo College of Business and Economics at California State University-Fullerton.

By Jane Yu October 6, 2014 midnight   $$ Share
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Kaiser Aluminum Misses Profit, Revenue Estimates

Shares of Kaiser Aluminum Corp. fell 8.8% to about $68.5 and a market cap of about $1.31 billion in after-hours trading Monday as Foothill Ranch maker of semi-fabricated aluminum products posted $15.9 million in earnings for the third quarter, good for 85 cent a share.

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Boot Barn Gives IPO Details

Irvine-based Boot Barn Holdings Inc. has announced details of its initial public offering, including the number and price of shares to be sold.

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Allergan Laying Off 40 in Carlsbad

Irvine-based drug maker Allergan Inc. filed papers with state officials saying it will lay off 40 workers in Carlsbad, effective Nov. 28, according to a Worker Adjustment and Retraining Notification notice filed with the state Employment Development Department.

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OC Adds 12,100 Jobs, Unemployment Falls

Orange County employers added 12,100 jobs in September, helping bring down the unemployment rate to 5.1%.

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Corinthian Gets Debt Relief, Sells Unit

Santa Ana-based Corinthian Colleges Inc. and its lenders agreed to a forbearance on certain elements of the company’s debt, according to an SEC filing by the company yesterday.

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QLogic Beats Quarterly Estimates

QLogic Corp. after the close of trading Thursday reported revenue and adjusted profits in the September quarter that beat Wall Street expectations.

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Habit Files for $86M IPO

Habit Restaurants LLC in Irvine filed for an initial public offering valued around $86 million, according to reports.

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VC Funding Drops in Q3

Venture capital deal flow slowed in Orange County in the third quarter.

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UCI Gets $1.3M for Lung Device Work

Four University of California-Irvine materials science and engineering researchers will receive $1.3 million from the National Science Foundation for work that could be used to develop lung disease treatments.

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Fountain Valley App Maker Sells Division

Fountain Valley-based startup MEDL Mobile Holdings Inc. has agreed to sell its custom development division to BBK Holdings in Massachusetts.

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Sabra Spends $59.1M for Properties

Sabra Healthcare REIT Inc., which is based in Irvine, said today that it bought eight properties in three states for $59.1 million.

Quiksilver Names New Leaders

Quiksilver Inc. said Chief Executive Andy Mooney will take over as chairman of its board directors after Executive Chairman Robert McKnight Jr. and Charles S. Exon, chief legal officer and secretary of the board, retire on Oct. 31.

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Wet Seal to Cut Workforce

The Wet Seal Inc. said it’s “begun the initial steps” to reduce its overall cost structure.

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Yard House Parent Names Interim Chief

Irvine-based Yard House USA Inc. parent company Darden Restaurants Inc. named President and Chief Operating Officer Gene Lee its interim chief executive.

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Alphaeon Buys Utah Software Co.

Irvine-based Alphaeon Corp. has bought the worldwide licensing rights to TouchMD, a line of software for doctors, for $22 million.

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Irvine Ad Tech Firm Merges

Future Ads LLC, an Irvine-based advertising technology company, said it will merge with Jersey City, N.J.-based Kitara Media Corp., which focuses on video advertising.

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Ensign Adds Nine SD Area Facilities

Mission Viejo-based Ensign Group Inc. said today that it will buy nine skilled nursing and assisted living facilities, a home health agency, and a private home-care business in the San Diego area from El Cajon-based Shea Family Care.

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Freedom Communications Lists Santa Ana Land for Sale

The owners of the Orange County Register have relisted for sale 14.3 acres of land that surrounds the company’s headquarters in Santa Ana.

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Yard House Parent Replaces Board

Darden Restaurants Inc., the parent company of Irvine-based Yard House USA Inc., said it has named a new board of directors based on preliminary reports of a shareholder vote.

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Santa Ana Label Maker Sold

Santa Ana-based custom labels maker The Label Co. has been acquired by Resource Label Group in Franklin, Tenn.

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Santa Ana Label Maker Sold

Santa Ana-based custom labels maker The Label Co. has been acquired by Resource Label Group in Franklin, Tenn.

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Allergan Hikes Q3 Expectations

Irvine-based Allergan Inc. said today that it expects to report a third-quarter profit more than 20% higher than previously expected.

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UCI Gets $8M for Cell Health Work

University of California-Irvine will get $8 million from the National Institutes of Health to study human cellular response and develop disease treatments.

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Johnny Rockets Licenses Retail Food

Aliso Viejo-based Johnny Rockets said it had licensed its name for private label grocery distribution under an effort called Johnny Rockets At Home.

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WD to Pay $758M to Rival

Irvine-based storage products maker Western Digital Corp. will has been ordered to pay its chief rival $758 million related to a bevy of trade secrets claims.