Orange County Business Journal

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Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
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Wet Seal to Cut Workforce

The Wet Seal Inc. said it’s “begun the initial steps” to reduce its overall cost structure.

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Yard House Parent Names Interim Chief

Irvine-based Yard House USA Inc. parent company Darden Restaurants Inc. named President and Chief Operating Officer Gene Lee its interim chief executive.

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Alphaeon Buys Utah Software Co.

Irvine-based Alphaeon Corp. has bought the worldwide licensing rights to TouchMD, a line of software for doctors, for $22 million.

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Irvine Ad Tech Firm Merges

Future Ads LLC, an Irvine-based advertising technology company, said it will merge with Jersey City, N.J.-based Kitara Media Corp., which focuses on video advertising.

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Ensign Adds Nine SD Area Facilities

Mission Viejo-based Ensign Group Inc. said today that it will buy nine skilled nursing and assisted living facilities, a home health agency, and a private home-care business in the San Diego area from El Cajon-based Shea Family Care.

College Campuses Craft Commerce

EDUCATION: OC schools aim to breed viable commercial enterprises

Orange County colleges and universities are going beyond education to cultivation.

FivePoint Increases Stake in Great Park

REAL ESTATE: Buys out early investor as next phase of project nears

The developer of the Great Park Neighborhoods in Irvine is increasing its ownership stake in the massive project at the former El Toro Marine Corps air station, where a new batch of residential, commercial and park construction is about to begin.

Healthcare Behind Another Big Move in Mission Viejo

REAL ESTATE: 4-story office planned next to Mission Hospital

A four-story medical office development is being planned for a spot across the street from Mission Hospital in Mission Viejo in the latest big real estate deal involving property next to the St. Joseph Health-run facility.

Colleges Increasingly Engage Companies on Business

Research Meets Real Life In Industry Applications

The ivory tower is lowering the drawbridge as Orange County’s college campuses more directly connect their research and education efforts with business concerns.

Allergan’s Obvious Reply: Gross X 2; Gilyard’s A List

Would-be raiders Valeant Pharmaceuticals and Bill Ackman appear to be running out of room for their argument that Allergan CEO David Pyott and his fellow board members overlook shareholders as they fight the hostile bid for the Irvine-based drug maker.

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Freedom Communications Lists Santa Ana Land for Sale

The owners of the Orange County Register have relisted for sale 14.3 acres of land that surrounds the company’s headquarters in Santa Ana.

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Yard House Parent Replaces Board

Darden Restaurants Inc., the parent company of Irvine-based Yard House USA Inc., said it has named a new board of directors based on preliminary reports of a shareholder vote.

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Santa Ana Label Maker Sold

Santa Ana-based custom labels maker The Label Co. has been acquired by Resource Label Group in Franklin, Tenn.

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Santa Ana Label Maker Sold

Santa Ana-based custom labels maker The Label Co. has been acquired by Resource Label Group in Franklin, Tenn.

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Allergan Hikes Q3 Expectations

Irvine-based Allergan Inc. said today that it expects to report a third-quarter profit more than 20% higher than previously expected.

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UCI Gets $8M for Cell Health Work

University of California-Irvine will get $8 million from the National Institutes of Health to study human cellular response and develop disease treatments.

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Johnny Rockets Licenses Retail Food

Aliso Viejo-based Johnny Rockets said it had licensed its name for private label grocery distribution under an effort called Johnny Rockets At Home.

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WD to Pay $758M to Rival

Irvine-based storage products maker Western Digital Corp. will has been ordered to pay its chief rival $758 million related to a bevy of trade secrets claims.

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Confie in 2 More Deals

Huntington Beach-based Confie Seguros Insurance Services has made two more acquisitions, the latest in a recent string of buys.

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Valeant to Boost Allergan Bid

Canada-based Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman’s Pershing Square Capital Management are planning to hike their hostile bid to buy Irvine-based Allergan Inc. by $15 a share, according to a Wall Street Journal report today.

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Report Says Actavis to Make New Allergan Pitch

Irvine-based Allergan Inc. will be approached again about being bought by Actavis PLC, according to a Reuters report today.

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Allergan Asks Court to Block Ackman Share Vote

Irvine-based Allergan Inc. asked a federal court in Santa Ana to block activist investor Bill Ackman and his Pershing Square Capital Management LP from voting its 10% stake at an upcoming special meeting.

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$6M for San Clemente Device Maker

San Clemente-based Vertiflex Inc. raised $6 million in funding, according to a filing with the Securities and Exchange Commission.

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MemorialCare Takes Full Ownership of Imaging Centers

Fountain Valley-based MemorialCare Health System said today that its MemorialCare Medical Foundation is now the sole owner of eight imaging centers located in Orange County and Long Beach.

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Irvine Big Data Firm Raises $60M

Irvine-based Alteryx Inc., a fast-growing data analytics software company, has raised $60 million in a venture round.