Orange County Business Journal

FINANCE

Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
Tease photo

CoreLogic’s Nallathambi Dies

CoreLogic President and Chief Executive Anand Nallathambi died after a brief illness, the company said.

Tease photo

Harbor Audit Asks Money Questions

An audit of some services provided by an outside operator at Dana Point Harbor couldn’t validate the firm’s reported gross receipts at the facility and said its “rent payments are not calculated or reported in accordance with lease agreements” the operator has with the County of Orange, which owns the harbor, the county auditor said in a report.

Tease photo

January Unemployment Up

OC’s unadjusted unemployment rate rose to 3.9% in January from revised 3.5% in December and below the 4.1% reported in the same period last year, the state Employment Development Department said.

Tease photo

Boston Buyer for Wet Seal IP

Gordon Brothers Brands LLC in Boston, a 114-year-old restructuring and investment firm, bought the Wet Seal name and other intellectual property for $3 million during a March 2 auction, according to documents filed today in the United States Bankruptcy Court for the District of Delaware.

Tease photo

Habit Up on Q4, Full-Year

Shares in Habit Restaurants Inc. in Irvine were up more than 10% in Friday trading to a market cap of about $475 million on its quarterly and full-year report, issued after markets closed Thursday.

Tease photo

Montage-Pendry in $360M Desert Deal

Montage International in Irvine and lead developer Robert Green Co. in Encinitas said the companies would break ground this summer on the $360 million SilverRock Resort in La Quinta.

Tease photo

True Drinks Raises $3.6M

True Drinks Holdings Inc. in Irvine raised $3.6 million in equity backing, the company and regulatory filings said.

Tease photo

Banc of California Sells Home Loan Unit

Irvine-based Banc of California plans to cut its headcount almost in half with the sale of its home loan division to Caliber Home Loans Inc.

Tease photo

Clean Energy Sells Unit to BP

Shares of Clean Energy Fuels Corp. surged today after the Newport Beach-based company said it would sell its renewable gas business for $155 million to BP Plc.

Tease photo

Orange Coast Sold

Indianapolis-based Emmis Communications Corp. said internally today that it finalized the sale of four of its remaining magazines, including Orange Coast, to Hour Media, a Royal Oak, Mich.-based media company.

Tease photo

Canada Company Wants Wet Seal IP

The YM Inc. Group of Cos. in Toronto posted a $1.5 million stalking-horse bid for Wet Seal LLC’s intellectual property, according to documents filed today in the United States Bankruptcy Court for the District of Delaware.

Tease photo

Aitken New Chapman Board Chair

Chapman University said attorney Wylie Aitken is its new chairman of the school’s board of trustees.

Tease photo

Alteryx Files for IPO

Irvine-based analytics software maker Alteryx Inc. aims to raise $75 million in an initial public offering, according to a filing late Friday with the Securities and Exchange Commission.

Tease photo

AMO Now J&J Vision

Johnson & Johnson completed its $4.3 billion acquisition of Abbott Medical Optics Inc., a Santa Ana-based former subsidiary of Abbott Laboratories.

Tease photo

Fowlers Pledge $100M to Chapman

Dale and Sarah Ann Fowler will give $45 million to Chapman University to help it establish an engineering school, on top of a previous $55 million commitment to its law school.

Tease photo

CSUF Gets Funds

California State University-Fullerton’s Master of Social Work program has received more than $1 million in federal funding for the seventh consecutive year.

Tease photo

Kaiser Tops Expectations

Kaiser Aluminum Corp. beat Wall Street expectations on revenue and earnings for the fourth quarter and full year.

Tease photo

Avenu Medical Raises $13M

Avenu Medical Inc. in San Juan Capistrano has raised about $13.1 million through private placement, according to filings with the Securities and Exchange Commission.

Tease photo

Vans’ Revenue Tops for VF Corp.

Annual revenue at Vans Inc. climbed 6% to $2.3 billion in 2016, making it the largest and fastest growing brand for parent VF Corp.

Tease photo

Palace Parent Posts Gains, Pares Loss

Palace Entertainment Holdings LLC in Newport Beach reported higher revenue in its most recent quarter, as part of a quarterly report by publicly traded parent Parques Reunidos Servicos Centrales SA in Madrid.

Tease photo

Gen. William Lyon Steps Down from Homebuilder's Board

Newport Beach-based homebuilder William Lyon Homes said that its namesake and founder, General William Lyon, has stepped down as a director of the company.

Tease photo

Midday Stock Roundup

The S&P 500 was down 0.1% to 2,343.22.

Tease photo

CoreLogic CEO Takes Temporary Leave

Irvine-based CoreLogic Inc. said that Chief Executive and President Anand Nallathambi is taking a temporary medical leave of absence from the company.

Tease photo

Sunstone Sells Fairmont for $125M

Hotel REIT Sunstone Hotel Investors Inc. in Aliso Viejo sold Fairmont Newport Beach for $125 million.

Tease photo

$2.47B Allergan Buy Adds in Irvine

Allergan PLC announced that it will buy Pleasanton-based Zeltiq Aesthetics Inc.’s CoolScupting System for $2.47 billion, or $56.50 per share, in a transaction that’s expected to be completed in the second half of 2017.