FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
Nguoi Viet Daily News Inc. in Garden Grove, publisher of Nguoi Viet Daily News, has taken over assets of competitor The Little Saigon News Inc., according to documents filed with the U.S. Bankruptcy Court for the Central District of California in Santa Ana.
Irvine-based St. Joseph Health bought 26 Nurse Next Door franchises with an option to buy 12 more.
TECHNOLOGY: LoJack adds to satellite-heavy CalAmp’s line
CalAmp Corp.’s latest acquisition strengthens the company’s long-running diversification strategy crafted by Chief Executive Michael Burdiek.
Fox Head Inc. in Irvine said it plans to close its offices in Morgan Hill in Santa Clara County in June and relocate its finance, IT and sales operations to the motocross apparel and accessories manufacturer’s headquarters in Irvine.
Windjammer Capital Investors, a private investment firm in Newport Beach, added two Canadian companies to its portfolio. Terms weren’t disclosed.
Buyers Now Want Practical Innovation in Retrofits
A recent survey by Coldwell Banker reveals that the growth curve of connected-home devices, such as smart thermostats, door locks, smoke detectors and light switches, is on track to beat that of smartphones and tablets over the next five years, expanding from 20.7 million units in 2014 to 35.9 million units by 2017.
Buy of Digital Company Deepens Social Efforts
Irvine-based Alphaeon Corp. is continuing to grow its healthcare technology presence.
Co-Developed Product To Be Unveiled This Year
Netlist Inc.’s new joint venture with the world’s largest electronics company paves a path to produce a new hybrid storage-class memory product geared for cloud computing, big data, and server and storage customers that could ultimately reshape the Irvine-based company’s story on Wall Street.
Duncan McIntosh Co. Inc. in Irvine has purchased OC Weekly from Denver-based Voice Media Group Inc. for an undisclosed sum.
One of China’s largest sheet metal suppliers is set to acquire Irvine-based printed circuit board maker Multi-Fineline Electronix Inc. for $610 million.
LinkedIn plans to acquire Costa Mesa-based startup Connectifier on undisclosed terms.
Irvine-based Taco Bell Corp. fourth quarter operating profit fell 4.3% to $152 million, compared with the same period last year, while full-year operating profit increased 12% to $529 million.
A 465,000-square foot corrugated box plant in Buena Park run by Atlanta-based Georgia-Pacific LLC will close by Sept. 1, the company said.
Fox Head Inc. in Irvine said it plans to close its offices in Morgan Hill in June and relocate its finance, IT, and sales operations to the motocross apparel and accessories manufacturer’s headquarters in Irvine.
Tustin-based smartphone battery case maker Mophie Inc. has been acquired for at least $100 million by rival Zagg Inc. in Utah.
Irvine-based Kurion Inc., which played a key role in stabilizing the contaminated Fukushima Daiichi Nuclear Power Plant in Japan nearly four years ago, has been sold for $350 million to Paris-based nuclear cleanup specialist Veolia.
Irvine-based Edwards Lifesciences Corp. beat analyst expectations on quarterly revenue and profit and boosted full-year expectations in a report issued after markets closed Tuesday.
Shares of Boot Barn Holdings Inc. were up 29% in recent trading to a market cap of $188 million on the strength of its quarterly report issued yesterday.
Irvine-based Banc of California is raising $125 million, for general corporate purposes, by issuing 5 million depositary shares or a total of 125,000 shares of its preferred stock.
The U.S. Bankruptcy Court Central District of California gave Freedom Communications Inc. the green light Monday to auction its assets on March 16.
Craig Dawson will replace Bill Benz in June as the global investment firm’s head of Europe, Middle East and Africa.
Costa Mesa-based Pacific Mercantile Bancorp reported profits of $12.1 million, or $0.53 per share in its most recent quarter, up from $287,000 in the same period last year.
Irvine-based Orange County Business Bank merged with Seattle-based HomeStreet Inc. on Feb. 1.
Broadcom Corp.’s $37 billion sale to Avago Technologies Inc. in Singapore closed today, ending the Irvine chipmaker’s 20-year history as a locally based company.
Windjammer Capital Investors added two Canadian companies to its portfolio Thursday.