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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Banc of California Hires CEO

Santa Ana-based Banc of California Inc. named Douglas Bowers, 59, its new chief executive and president.

By Peter J. Brennan April 27, 2017 2:52 p.m. share »
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UCI Research Effort Gets $9.6M

University of California-Irvine has been awarded up to $9.6 million over seven years to continue studying ways to combat malaria.

By Deirdre Newman April 27, 2017 2:28 p.m. share »
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Franchiser Adds CMO

Home Franchise Concepts LLC in Orange has named Gayle Milling chief marketing officer.

By Paul Hughes April 27, 2017 2:24 p.m. share »
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China Billionaire to Take ChromaDex Stake

ChromaDex Corp. in Irvine said Hong Kong investor Li Ka-shing would buy up to $25 million of its common stock in a private placement.

By Paul Hughes April 27, 2017 11:33 a.m. share »
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Chargers Near Broadcast Deals

The Los Angeles Chargers said they've agreed “in principle” to multi-year television and radio agreements to develop content that includes preseason games, news features, community events and promotions.

By Deirdre Newman April 26, 2017 3:47 p.m. share »
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Windjammer Buys Compliance Firm

Windjammer Capital Investors of Newport Beach bought Memphis-based Vital Records Control in partnership with the latter’s management team on undisclosed terms.

By Peter J. Brennan April 26, 2017 10:31 a.m. share »
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Streetwear Apparel Co. Acquired

Lifted Research Group Inc. was bought by Mad Engine LLC in San Diego on undisclosed terms.

By Mediha DiMartino April 25, 2017 4:29 p.m. share »
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Volcom Sales Down

Costa Mesa-based Volcom Inc. posted $60.1 million in revenue in the first quarter, a 3.5% decrease from the prior year period, according to Kering S.A., its Paris-based parent.

By Mediha DiMartino April 25, 2017 4:07 p.m. share »
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Del Taco Wants Tennessee Again

Del Taco Restaurants Inc. signed a franchisee to open seven units in Tennessee, a return to that market for the fast food chain, and in Georgia, where Del Taco has recently announced new franchise deals.

By Paul Hughes April 25, 2017 3:48 p.m. share »
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Samuelis Give UCI $30M

The Samueli Foundation gave University of California-Irvine $30 million to help build a 100,000-square-foot facility for “convergent science”—cross-disciplinary research in engineering, computing and physical sciences.

By Deirdre Newman April 25, 2017 10:12 a.m. share »
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Stratus Wine Country Cambria Set

A second Cambria-branded hotel being co-developed by Newport Beach-based Stratus Development Partners LLC got the go-ahead from Napa city planning commissioners last week.

By Paul Hughes April 24, 2017 1:02 p.m. share »
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UCI Gets $1M for Rocketry

University of California-Irvine got a $1 million grant from Base 11, a nonprofit workforce development and entrepreneur accelerator in Costa Mesa focused on science, technology, engineering and math.

By Deirdre Newman April 24, 2017 11:48 a.m. share »
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FivePoint Updates Terms of IPO

FivePoint Communities Inc. could raise nearly $600 million from its forthcoming initial public offering and a trio of concurrent private placement deals, according to new regulatory documents filed with the Securities and Exchange Commission.

By Mark Mueller April 24, 2017 10:43 a.m. share »
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Luxe Magazine Parent Buys Competitor

Modern Luxury, the parent publisher of Modern Luxury Orange County magazine, bought a competing publisher, GreenGale Publishing LLC, which expands its stable of luxury lifestyle titles.

By Deirdre Newman April 21, 2017 1:18 p.m. share »
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Veritone Prices IPO

Newport Beach-based start-up Veritone Inc. will sell 1.25 million shares of common stock valued between $14 and $16 per share under terms of its initial public offering, according to a filing today with the Securities and Exchange Commission.

By Chris Casacchia April 21, 2017 10:39 a.m. share »
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Unemployment Unchanged

OC’s unadjusted unemployment rate was 3.7% in March, unchanged from a revised 3.7% in February and below the 4.2% reported in the same period last year, the state Employment Development Department said.

By Peter J. Brennan April 21, 2017 9:54 a.m. share »
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$3M CSUF Grant for Math Work

California State University-Fullerton received a grant of nearly $3 million from the National Science Foundation.

By Deirdre Newman April 20, 2017 12:51 p.m. share »
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Kaiser Aluminum Beats in Q1

Kaiser Aluminum Corp. reported revenue and earnings for the first quarter that beat Wall Street expectations.

By Mediha DiMartino April 19, 2017 3:25 p.m. share »
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Nonprofit Adds to Fold

Irvine-based Alzheimer’s Orange County and Garden Grove-based Acacia Adult Day Services are slated to merge, effective July 1.

By Deirdre Newman April 18, 2017 5:19 p.m. share »
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Zhang to Launch Nonprofit

Pick Up Stix founder Charles Zhang created the non-profit O.C. Music & Dance to provide top quality musical arts education and training for children, regardless of their family’s ability to pay, Zhang said.

By Deirdre Newman April 18, 2017 1:11 p.m. share »
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Habit Hires CDO

Habit Restaurants Inc. named Douglas Branigan chief development officer; he fills a role vacated by Russell Friend, who left the Irvine-based operator of fast-casual hamburger restaurants in August.

By Paul Hughes April 18, 2017 11:19 a.m. share »
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True Drinks Names CEO

True Drinks Holdings Inc. in Irvine named James Greco its chief executive.

By Paul Hughes April 18, 2017 9:22 a.m. share »
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Sugarman’s Package: $18.2 Million

Banc of California former Chief Executive Steven Sugarman received an $18.2 million pay package in the past year, according to the company’s proxy released today.

April 17, 2017 4:42 p.m. share »
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Solis Sells Apparel Maker to Bunzl

Solis Capital Partners of Newport Beach sold ML Kishigo Manufacturing Co. to Bunzl PLC. Terms of the transaction weren’t disclosed.

By Peter J. Brennan April 17, 2017 1:55 p.m. share »
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Emerald Prices IPO

Emerald Expositions Events Inc. in San Juan Capistrano is slated to raise about $300 million in its initial public offering, according to documents filed with the Securities and Exchange Commission.

By Mediha DiMartino April 17, 2017 10:51 a.m. share »