FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
Irvine-based startup Lombard Medical Inc. said today it received a $26 million loan facility from a financier.
Irvine-based Montage Hotels & Resorts said today it would develop Montage Los Cabos on Santa Maria Bay in Los Cabos, Mexico, its first international property.
Santa Ana-based Greenwood Hall Inc. said Lincoln Park Capital Fund LLC in Chicago invested in the company.
The company that plans to buy Lake Forest-based Del Taco Holdings Inc. changed its Nasdaq markets ticker symbol Tuesday morning to “TACO.”
Mitsubishi Motors North America Inc. in Cypress said it will fold its in-house financing arm, Mitsubishi Motors Credit of America Inc., and rely on Detroit-based Ally Financial Inc. as its “preferred financing source.”
Aliso Viejo-based Predixion Software has kicked off its latest venture funding round with Germany-based Software AG, one of the largest software companies globally, as the lead investor.
Irvine-based Opus Bank posted $11 million in first-quarter net income, down 16% from the same period a year earlier.
Newport Beach-based Pacific Life Insurance Co. has sold its pension advisory business in New York to Goldman Sachs Assets Management.
Costa Mesa-based Pacific Mercantile Bancorp Inc. swung to a loss in the first quarter, affected by a one-time cost related to a “strategic realignment” of its Small Business Administration lending group.
Irvine-based Edwards Lifesciences Corp. reported a profit of $123.4 million, more than double the total for the same period a year ago.
San Juan Capistrano-based software maker PingThings Inc. has received a venture capital investment from GE Ventures, the venture capital arm of General Electric, and Frost Data Capital.
San Clemente-based medical device maker ReShape Medical Inc. has received a $12 million loan from a pair of financiers.
Irvine-based Pacific Premier Bancorp Inc. posted $1.8 million in first-quarter profit, down 32% from the same period a year ago.
The parent company of Irvine-based Taco Bell Corp. said new store openings and same-store sales increases boosted the Mexican-themed fast food chain’s revenue by 9% in the first quarter of this year.
Irvine-based chipmaker Broadcom Corp. after the close of intraday trading reported first-quarter revenue and adjusted profits that beat Wall Street expectations and provided a revenue target for the current quarter in line with estimates.
Tilly’s Inc. said it has started a search for a new chief financial officer, to replace Jennifer Ehrhardt, who is leaving in June to “pursue other professional interests.”
Anaheim-based recycling services provider Certified Recycling has been acquired by Tricor Pacific Capital, a Vancouver-based private equity firm with an office in Chicago.
Annual Race Tests Mettle of Crews, Helps Kids in Baja
Len Bose has been a part of 29 editions of the Newport to Ensenada International Yacht Race, the next of which is set for this weekend.
Newport Corp. Takes Age Limits as Cue for Makeover
Newport Corp. went to great lengths in the past few years to revamp its board with big names in the science and corporate worlds.
The Business Journal’s Jane Yu asked a group of local chief financial officers how they perceive their roles in building corporate culture. The CFOs also discuss factors about Orange County that have an impact on the development of culture. Edited excerpts of their responses follow.
Product For Patients With High, Extreme Risks
Medtronic CoreValve, a less-invasive heart valve that has Orange County roots, recently received the green light from the Food and Drug Administration for use in what’s known as “valve-in-valve” procedures for treating people whose surgical aortic valves have failed.
Apartment Portfolio Now 30,000 Units, Ranked 40th
A healthy amount of acquisitions across the country over the past year has vaulted Irvine-based Steadfast Cos. into the ranks of the largest owners of apartments in the U.S.
The Insider has heard more than once that former Pimco CEO Mohamed El-Erian is a favorite for a cabinet-level job if Hillary Clinton wins the White House in 2016.
REAL ESTATE: 3rd speculative project would be 216,000 SF
Newport Beach-based Western Realco has bought nearly 10 acres of land in Brea, where the developer is planning its third big speculative industrial project in the city since 2012.