FINANCE

Taco Bell Names Brand President, Expands C-Suite

Taco Bell Corp. named Julie Felss Masino brand president, a new position, and expanded roles for three other C-Suite execs as part of its international growth push.

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Boardriders to Buy Billabong

Huntington Beach-based Boardriders Inc. has signed a deal to acquire all shares of Billabong International Ltd., creating one of the world’s largest action sports companies.

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CoreLogic Taps Pinkston for GC

CoreLogic Inc. in Irvine named Arnold Pinkston general counsel.

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Nekter to Enter Florida

A Nekter Juice Bar franchisee plans four locations in Florida this year, a new state for the juice bar chain.

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PIMCO Invests $200M in GreenSky: WSJ

Newport Beach’s Pacific Investment Management Co., one of the world’s largest investment firms, is investing $200 million in GreenSky LLC, according to the Wall Street Journal.

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Bren was Pitch Perfect

The Business Journal has selected Irvine Company Chairman Donald Bren as its Business Person of the Year.

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Qualcomm Rejects Broadcom Nominees

The board of San Diego-based Qualcomm Corp. won’t nominate any of the 11 candidates recommended by rival Broadcom Ltd. and investor Silver Lake Partners, the latest turn in the hostile takeover attempt.

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Unemployment Plummets, State at Record Low

Orange County’s unemployment rate plummeted to 2.8% in November as the state reported a record low of 4.6%, according to the state’s Employment Development Department.

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$20B Wealth Manager Buys Again

United Capital Financial Advisers LLC, a Newport Beach wealth management firm with $20.7 billion in assets under management, is buying Payne Wealth Partners in Evansville, Ind., to add $530 million in assets and about a dozen employees.

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Ahmansons Give $330K to Chapman

Fieldstead and Co. in Irvine has given $330,000 to Chapman University to study OC’s political and social scene. Fieldstead is the family office of Howard and Roberta Ahmanson.

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Presbia Cuts Back; Execs Resign

Presbia PLC’s executive chairman and chief executive have resigned and the eye care device maker said it would cut expenses as it considers a $5 million investment from an affiliate of its majority shareholder.

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Another Top Executive Leaves Allergan

Allergan PLC (NYSE: AGN) Chief Operating Officer Robert Stewart will resign to become president and chief executive officer of Amneal Pharmaceuticals LLC starting January 25, according to filings with the Securities and Exchange Commission.

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First Foundation Buys PBB for $106M

Irvine-based First Foundation Inc. (Nasdaq: FFWM) will buy PBB Bancorp (OTC, PBCA) for $106 million in stock.

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CoolSys Hires New CFO, COO

CoolSys, a newly rebranded refrigeration company based in Brea, named Andy Mandell chief financial officer and Amy Freeman chief operating officer.

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OC Fair Folk Land Cirque for 10 Years

Orange County Fair & Events Center will ink a 10-year deal to host Cirque du Soleil extravaganzas on its grounds in Costa Mesa, with five shows slated for production in that time.

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PHG to Exit Balboa Bay

Irvine-based hotel owner-operator Pacific Hospitality Group Ventures Inc. won’t co-run Balboa Bay Resort, Balboa Bay Club, and Newport Beach Country Club after March 2018.

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Impac Hires loanDepot Vet

Irvine-based Impac Mortgage Holdings Inc. (NYSE: IMH) hired a longtime mortgage expert from larger rival loanDepot Inc. of Foothill Ranch.

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Perry New Segerstrom Board Chair

Mark Perry on Jan. 1 will become the new chairman of the Segerstrom Center for the Arts board of directors, succeeding John Ginger.

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Gateway One Cuts 231 Jobs

Gateway One Lending & Finance LLC, the Anaheim-based automotive finance unit of TCF Financial Corp. (NYSE: TCF), is cutting 231 jobs, according to California’s State Employment Development Department.

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Toshiba, Western Dig Reach Deal

Toshiba Corp., its memory unit and San Jose-based Western Digital Corp. have struck an agreement to resolve several legal and arbitration disputes that stalled the $18 billion proposed sale of Toshiba Memory Co.’s flash storage business.

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Girl Scouts OC Name CEO

Girl Scouts of Orange County said Victoria “Vikki” Shepp will be chief executive, effective Jan. 1, replacing Nancy Nygren, who is retiring after 12 years at the helm of the Irvine-based group.

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Providence St. Joe Might Merge

Providence St. Joseph Health and Ascension Health are discussing a merger that would create the largest hospital system in the U.S., news reports said.

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Fifth Third Hires Yurosek

Joseph Yurosek, Comerica Bank’s market president for the Orange County region, has been named California Market President for Fifth Third Bancorp.

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New CEO for Nonprofit Housing Group

American Family Housing in Midway City named Milo Peinemann chief executive, replacing Donna Gallup, who left the post in October after three years at the helm of the non-profit.

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Broadcom Beats and Boosts

Singapore-based Broadcom Ltd., which operates a major hub in Irvine, closed the books on its fiscal year with sizeable gains in revenue and net income.

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