Orange County Business Journal


Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
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NB Cybersecurity Startup Gets $9.5M

Newport Beach start-up Obsidian Security has raised $9.5 million in Series A funding led by Silicon Valley venture capitalist Greylock Partners.

By Chris Casacchia June 8, 2017 7 a.m. share »
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Stearns Buys Georgia Lender

Santa Ana-based mortgage lender Stearns Lending LLC said it acquired the wholesale, nondelegated correspondent and consumer-direct lending businesses of Primary Capital Mortgage LLC.

By Peter J. Brennan June 6, 2017 3:17 p.m. share »
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Del Taco Gets New CEO

Del Taco Restaurants Inc. in Lake Forest named John Cappasola Jr. chief executive to succeed Paul Murphy, effective July 7.

By Paul Hughes June 6, 2017 3:15 p.m. share »
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Alteryx Buys, Bows Service

Irvine-based analytics software maker Alteryx Inc. bought a Brooklyn, N.Y. company and debuted a new service developed from another recent purchase.

By Chris Casacchia June 6, 2017 6 a.m. share »
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Turk to be Argyros Interim Dean

Thomas Turk will serve as interim dean of Chapman University’s Argyros School of Business and Economics, effective August 1, the university said.

By Deirdre Newman June 5, 2017 7:27 p.m. share »
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JWA Revenue, Income Up

John Wayne Airport’s annual report shows revenue and income grew in 2016 compared with the prior year, while expenses held steady.

By Paul Hughes June 5, 2017 2:58 p.m. share »
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Deloitte Makes Changes

Deloitte & Touche LLP named Tim Brandt chief of its Orange County offices where he will oversee 750 employees.

By Peter J. Brennan June 5, 2017 11:19 a.m. share »
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Barron’s Honors 4 OC Women

Barron’s named four Orange County-based advisers to its annual list of the Top 100 Women Advisors in the U.S.

By Peter J. Brennan June 5, 2017 10:17 a.m. share »
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Pipeline Group Sold

Santa Ana-based Pipeline Group Inc. was bought on undisclosed terms by Prometheus Group, a press release said.

By Peter J. Brennan June 5, 2017 9:50 a.m. share »
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Boot Barn Misses on Q4

Shares of Boot Barn Holdings Inc. were down 15% to $6.30 during Friday morning trading after the company reported revenue and adjusted profits for the April quarter that missed the Wall Street expectations.

By Mediha DiMartino June 2, 2017 11:30 a.m. share »
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5 Fast-Growing Chains Hit List

Five OC-based restaurant chains and two of the companies’ chief executives made the 2017 Fast Casual Top 100 list for fast-growing food offerings.

By Paul Hughes June 2, 2017 10:02 a.m. share »
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OC Chiefs Make WSJ List

Executives at companies based in OC made a Wall Street Journal list of 500 public company chief executives that ranks by pay and compares 2016 total cash-and-stock compensation with their companies’ shareholder return in 2016.

By Pete Weitzner May 31, 2017 12:47 p.m. share »
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JetSuite to Manage Planes

JetSuite Inc. will add aircraft management to its services, the company said.

By Paul Hughes May 31, 2017 12:22 p.m. share »
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Corinthian Holders in $2M Deal

News reports said a proposed class of shareholders suing Corinthian Colleges Inc. have reached a $2.25 million deal in California federal court to settle claims that the operator of for-profit colleges misled investors for years before state and federal probes contributed to its closure.

By Deirdre Newman May 31, 2017 10:40 a.m. share »
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Hines SJC Site to Close

Hines Growers Inc. will close its San Juan Capistrano location effective Oct. 1, a move that affects 115 workers, a California EDD Worker Adjustment and Retraining Notification (WARN) filing said.

By Paul Hughes May 30, 2017 5:15 p.m. share »
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Lumina to Lay Off 58

Irvine-based Lumina Media LLC will lay off 58 workers, the company confirmed Tuesday.

By Deirdre Newman May 30, 2017 4:37 p.m. share »
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Insurance Firms Sell for $300M

McGraw Insurance Inc. in Anaheim was sold last week along with the affiliated Pacific Specialty Insurance Co. for $299.5 million to BHIC Inc., a unit of publicly traded Biglari Holdings Inc. in San Antonio.

By Peter J. Brennan May 30, 2017 1:43 p.m. share »
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Genetic Tests Maker Cuts Jobs

Ambry Genetics Corp. plans to cut 99 jobs at its facility in Irvine next month, according to a Worker Adjustment and Retraining Notification it filed with the state Employment Development Department.

By Mediha DiMartino May 30, 2017 9:58 a.m. share »
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Big Plans at Taco Bell

Taco Bell Corp. again updated mid-range goals at its annual investor and analyst day this week with big plans for annual revenue, international expansion and unit totals.

By Paul Hughes May 26, 2017 9:44 a.m. share »
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Emerald Expo Reports First Q1

Shares of Emerald Expositions Events Inc. in San Juan Capistrano fell slightly after the tradeshow operator met Wall Street expectations on revenue but faltered on earnings for the March quarter.

By Mediha DiMartino May 25, 2017 3:04 p.m. share »
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Lotus Sells gen-E

Lotus Innovations LLC in Irvine said it sold gen-E, an analytics company with 29 employees, to an undisclosed buyer for an undisclosed amount.

By Peter J. Brennan May 25, 2017 1:57 p.m. share »
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Firm Gives $500K to Goodwill

Law firm Greenberg Gross LLP donated $500,000 Thursday to Santa Ana-based Goodwill of Orange County to be used to boost Goodwill’s career counseling services, which will now be housed in the newly named Greenberg Gross Career Center.

By Pete Weitzner May 25, 2017 12:42 p.m. share »
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OC’s Pre-Pay: $27M

Orange County will redeem about $27.2 million in airport revenue bonds July 1 after supervisors yesterday approved the move in a 5-0 vote yesterday. A four-fifths majority was required for passage.

By Paul Hughes May 24, 2017 2:11 p.m. share »
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Tilly’s Up in Q1

Tilly’s Inc. reported sales that beat Wall Street expectations for the April quarter, sending its shares up 14% to a $279 million market cap in recent trading.

By Mediha DiMartino May 23, 2017 3:06 p.m. share »
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Irvine Software Firm Sold

Resolve Systems, an Irvine-based software company with 125 employees, was sold to Insight Venture Partners of New York. Terms were not disclosed.

By Peter J. Brennan May 23, 2017 11:46 a.m. share »