Orange County Business Journal

FINANCE

Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
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Another Double-Digit Sales Gain for Vans

Vans Inc.’s revenue rose 12% in the third quarter, a 20th consecutive reporting period with double-digit gains for the Cypress-based unit of VF Corp. in Greensboro, N.C.

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Broadcom Reports Better-Than-Expected Quarter

Irvine-based chipmaker Broadcom Corp. today reported third-quarter revenue and adjusted profits that beat Wall Street expectations.

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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 the 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.

Allergan Takeover Rhetoric Intensifies Amid Skepticism

HEALTHCARE: Ackman goes on offensive, questions continue

Irvine-based Allergan Inc.’s long-running battle to stay independent marches on as hostile pursuer rhetoric heats up and many analysts express doubt about the deal going through.

Companies Look to New Generation for Future

Recovery Growth, Offshore Jobs Return, Spur Hunt

Manufacturing companies and industry organizations are aggressively searching for young talent, with schools and businesses coming together to showcase advanced technologies and provide opportunities for hands-on work experience.

Creative Designs in Mind for Anaheim, Irvine Sites

REAL ESTATE: $10M redo for offices next to Angel Stadium

Tenant demand for creative-office space in Orange County is about to get its biggest test yet at an office complex across the street from Angel Stadium of Anaheim.

High-Rise Costa Mesa Projects Knocked Down a Notch

REAL ESTATE: Planned Costa Mesa towers to become rentals

High-rise condominium plans in Costa Mesa’s ritzy restaurant, shopping and arts center are coming back down to earth.

Irvine Startup Links With Big Players for Growth

TECHNOLOGY: Device headed for Finish Line stores

Irvine-based startup Pear Sports LLC has signed a deal with Finish Line Inc. to distribute its wearable device in the Indianapolis-based company’s growing line of specialty running stores.

Lifestyle Healthcare Company Grows, Rumored for IPO

HEALTHCARE: Alphaeon closes in on nine figures

Irvine-based Alphaeon Corp.’s focus on “lifestyle healthcare” is pushing the company close to nine figures in revenue and positioning it for a potential initial public offering.

Irvine For-Profit College Marks Year of Expansion

EDUCATION: Equipment, new programs at Stanbridge

Stanbridge College added an associate of veterinary technology program this year, and President and Chief Executive Yasith Weerasuriya showed a recent visitor the cat cadavers to prove it.

Irvine Ad Tech Firm to Combine With Kitara

Future Ads LLC, an Irvine-based advertising technology company, will combine with Jersey City, N.J.-based Kitara Media Corp., which focuses on video advertising. The transaction is expected to close by Dec. 31.

REIT Spends $59 Million on Properties

Irvine-based Sabra Healthcare REIT Inc. said it bought eight properties in three states for $59.1 million.

$1.3M to UCI for Lung Treatment 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.

Yard House Chooses Interim Chief Exec

Darden Restaurants Inc., the parent company of Irvine-based Yard House USA Inc., named President and Chief Operating Officer Gene Lee Yard House’s interim chief executive.

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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.