FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
Irvine-based Pacific Enterprise Bank said Chief Executive Rick Ganulin will retire at the end of the year.
Costa Mesa-based El Pollo Loco Holdings Inc. said today it closed on a new $200 million lending agreement that cuts its interest costs by about $7 million a year.
Stonegate Mortgage Corp. in Indianapolis said it plans to make more than 175 hires in Orange County for its recently created loan servicing subsidiary Stonegate Direct in Lake Forest.
Private equity firm Altamont Capital Partners in Palo Alto said it acquired a majority stake in Fox Head Inc., in a deal estimated at more than $200 million.
Shares of Quiksilver Inc. rose about 30% to $1.92 and a market value of $330 million in early trading Friday, after it reported a narrower loss after markets closed yesterday.
Alliant Insurance Services Inc. in Newport Beach has acquired the Camps Group, a New York-based brokerage firm that specializes in employee benefits services.
Freedom Innovations LLC, an Irvine-based maker of prosthetic devices, has received a minority equity investment from diversified manufacturer Parker Hannifin Corp.
Irvine-based Yogurtland Franchising Inc. said a new franchisee in Thailand plans to open 15 stores there.
Shares of Wet Seal Inc. sank more than 65% to 9 cents and a market value of $8 million in midday trading, after the teen and contemporary retail chain said it might “seek a restructuring or other relief under the provisions of the U.S. Bankruptcy Code” if it can't address its immediate liquidity needs.
Broadcom Corp. shares continued to modestly climb Wednesday, a day after the Irvine-based chipmaker laid out its corporate strategy to analysts for the upcoming year.
Boeing Co. will lay off 360 people in Southern California between Dec. 12 and Jan. 1, with about a third of the cuts in Huntington Beach, according to layoff notices posted by the California Employment Development Department.
Pacific Investment Management Co. founder Bill Gross and his wife, Sue, president of the Gross Family Foundation, have donated $10 million to Mission Hospital Laguna Beach.
Irvine-based storage products maker Western Digital Corp. is a step closer to gaining regulatory approval from China’s Ministry of Commerce to integrate its Hitachi Global Storage Technologies Inc. subsidiary there.
Why Some Builders Share Profits, Even If Wall Street Wonders
Orange County’s high-end housing market is proving to be a big source of business for The New Home Co.—even if it’s been a source of confusion to some Wall Street investors and analysts who follow the homebuilder.
Plenty of Business Backers for Santa Ana School’s Focus on Arts, Academics, Dual Immersion
The idea of charter schools was little-known concept in Orange County in 1999, recalls Susan Mas.
New Law Loosens Process US Firms Have Criticized
Efforts over the past decade by several of Orange County’s better-known medical device executives to change Japanese laws are bearing fruit.
The Orange County research and development market remained tight in the third quarter.
Aims to Fill Sector Niche Void After Recent Shifts
Fast-growing Irvine company Numecent has acquired employees, customers and intellectual property from Approxy, a joint venture it spun out in 2012 with private investors to deliver “cloud paging” for next-generation cloud-gaming services.
5th St. Towers Could Be Latest Buy for Bond Giant
Newport Beach-based Pacific Investment Management Co. has emerged as the likely buyer of one of the most prominent office complexes in downtown Minneapolis, according to news reports from the Twin Cities.
HOSPITALITY: New amenities, look for lobby, all 536 rooms
A yearlong renovation has Hotel Irvine ready for its interior close-up—with makeovers of meeting spaces and outdoor amenities scheduled for completion in January.
REAL ESTATE: Blackstone unit now owns 1.5M SF in area
The office division of New York-based private equity giant Blackstone Group has added another big office complex in Costa Mesa to its growing Orange County portfolio.
A $345 million acquisition spree by Newport Beach-based KBS Realty Advisors includes a prominent office tower in San Jose and a pair of deals on the other side of the country.
HEALTHCARE: $3.5B for maker of neurological drug
Aliso Viejo-based Avanir Pharmaceuticals Inc. hopes to continue its recent surge under new owner Otsuka Pharmaceutical Co., which aims to beef up its neurology drug lineup following an upcoming patent expiration.
Every Category Is Higher, Including Costs, Clients
More people needed a lift last year, and local donors and charitable organizations responded with more money and more people to offer help.
NONPROFITS: Program adapts to schools’ needs
She was about 10 years old, a painfully shy girl with huge brown eyes and a mop of shiny brown hair. She had a nice smile—when it could be coaxed to appear.