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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OC Placement Firm Acquired

National placement firm Decision Toolbox in Irvine has been acquired on undisclosed terms by Engage2Excel in Statesville, N.C.

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Sonendo Funding Tops $100M

Sonendo Inc. in Laguna Hills received $35 million in an extension of a Series D funding round that brings the privately held dental device maker’s total funding to more than $100 million.

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Yamaha Unit Buys Engine Maker

Yamaha Motor Corp. USA in Cypress said its Kennesaw, Ga.-based Outdoor Power Equipment division acquired Subaru Industrial Power Products on undisclosed terms.

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Confie Buys in Arizona

Huntington Beach-based insurance provider Confie acquired on undisclosed terms Oasis Insurance in Mesa, Ariz.

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Unemployment Falls on Holiday Hires

Orange County’s unemployment rate fell to 3.7% in November from a revised 4.1% in October.

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Chapman: OC’s Job Growth Slowing

A report released by Chapman University on Thursday said Orange County’s job growth is slowing along with the rest of the state, though the local rate will still exceed California’s next year.

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Alloy Maker Names Chief

Liquidmetal Technologies Inc. in Rancho Santa Margarita named Chinese businessman Yeung Tak Lugee Li president and chief executive.

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Genetics Nonprofit Grows Board

Global Genes in Aliso Viejo expanded its board from eight members to 11 with the additions of Wendy White, Natalie Douglas, and Nauman Shah.

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Galardi Gets Senior Slot

Wienerschnitzel in Irvine named J.R. Galardi executive vice president of the fast food hot dog chain.

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Taco Bell to Grow in Spain

Taco Bell Corp. in Irvine plans to more than double its restaurants in Spain with 45 new units in three to five years through its franchisee Casual Brands Group in Madrid.

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Pacific Premier Buys in Central Coast

Pacific Premier Bancorp Inc. in Irvine will acquire Heritage Oaks Bancorp in Paso Robles in an equity deal for about $405.6 million.

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Bank Files to Sell $200M in Stock

First Foundation Inc. in Irvine filed a shelf registration with the Securities and Exchange Commission to sell up to $200 million in shares.

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Gross’ Wife Files for Divorce

The wife of “bond king” Bill Gross filed for divorce last month.

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Engineering Firm Acquired

CivilSource, Inc. in Irvine has been bought by NV5 Global Inc. in Hollywood, Fla., for an undisclosed cash price.

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CKE Chief to Head Labor Dept.

Andrew Puzder, chief executive of CKE Restaurant Holdings Inc., is expected to be nominated by President-elect Donald Trump to lead the Labor Department, news reports said.

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Conexant Chips for Amazon’s Alexa

Chipmaker Conexant Systems Inc. in Irvine is supplying key audio and voice technology to Amazon.com as part of a deal announced this morning.

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Microsemi Invests in GE Spinout

Chipmaker Microsemi Corp. in Aliso Viejo is part of a consortium of investors putting $18.7 million into an Irvine startup spun out of General Electric’s Global Research Center.

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Game App Maker Buys Puzzle Firm

MobilityWare in Irvine bought Critical Hit Software in San Diego on undisclosed terms.

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Ingram Sale Gets China Nod

Ingram Micro Inc.’s $6 billion pending sale to Tianjin Tianhai Investment Co. Ltd. has gained a key regulatory approval in China.

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CareTrust in $96M Texas Buy

CareTrust REIT in San Clemente bought four skilled nursing properties in the Dallas-Fort Worth market for about $96 million and signed a new tenant to run them.

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PIMCO to Pay SEC $20M

Pacific Investment Management Co. in Newport Beach agreed to pay $20 million in penalties, fees and interest to the Securities and Exchange Commission to settle charges that it misled investors about one of its funds.

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Architects Buy New HQ

Architecture Design Collaborative in January will move its headquarters from Costa Mesa into a building it bought in Laguna Hills with plans to hire 10 to 15 architects and related staff through the first quarter of 2017.

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LoanDepot Buys Title Firm

LoanDepot LLC on undisclosed terms bought Closing USA LLC and will buy American Coast Title Co. Inc.

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Tilly’s Beats on Q3

Tilly’s Inc. surpassed analyst expectations on third-quarter revenue and profit, and hiked its 2016 forecast, sending its shares up more than 35% in Thursday trading to more than $13 a share and a $371 million market cap.

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Advantage Solutions Picks Up Ad Shop

Advantage Solutions, an Irvine-based provider of sales, marketing, merchandising and digital technology services to packaged goods manufacturers and retailers, has bought a consumer marketing firm in Chicago on undisclosed terms.