Orange County Business Journal

FINANCE

Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
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Juice It Up Adds in Inland Empire

Juice It Up plans in June to open a new franchised location in San Bernardino County, purchased by a husband-and-wife team that also franchises three Wienerschnitzel locations in San Bernardino and Riverside counties.

By Paul Hughes May 19, 2017 10:25 a.m. share »
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Unemployment, Jobs Down

OC’s unadjusted unemployment rate was 3.3% in April, down from a revised 3.7% in March and below the 4% reported in the same period last year, despite a net loss in jobs during that period, the state Employment Development Department said.

By Paul Hughes, Peter J. Brennan May 19, 2017 9:40 a.m. share »
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CrowdStrike Gets Another $100M

Irvine-based CrowdStrike Inc. has raised $100 million in its latest funding round, the second time the security software maker has hit that investment benchmark.

By Chris Casacchia May 17, 2017 10:16 a.m. share »
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Chapman to Get $1M Scholarship Gift

Chapman University on Wednesday will get a $1 million gift from the Illinois-based Give Something Back Foundation Inc.

By Deirdre Newman May 16, 2017 5:40 p.m. share »
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L Squared Buys Elevator Servicer

Newport Beach-based L Squared Capital Partners and Longview Asset Management purchased Oracle Elevator, a service provider, for an undisclosed amount.

By Peter J. Brennan May 16, 2017 1:19 p.m. share »
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Irvine Startup Acquires GameWorks

Irvine-based Oomba Inc. and Barington/Hilco Acquisition Corp. said Oomba will buy Chatsworth-based GameWorks Entertainment LLC for $60 million and take the combined company public.

By Deirdre Newman May 16, 2017 12:51 p.m. share »
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MSC Buys German Firm

MSC Software Corp., a unit of Hexagon AB’s Manufacturing Intelligence, said it will buy VIRES Simulationstechnologie GmbH to expand into automated driving technology. Terms of the deal weren’t announced.

By Peter J. Brennan May 15, 2017 12:04 p.m. share »
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Mistrial in Mazzo Insider-Trading Case

A mistrial was declared Friday in the insider trading case against Jim Mazzo, global president of ophthalmic devices at Carl Zeiss Meditec AG in Germany, while two others—former Angels player Doug DeCinces and friend David Parker—were found guilty of multiple charges, the U.S. Department of Justice said.

By Sherry Hsieh May 15, 2017 10:44 a.m. share »
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UCI Prof Gets Alzheimer's Funds

The Orange County Chapter of the Alzheimer’s Association will give UCI professor Matthew Inlay $150,000 over three years for research “critical to developing more-effective strategies for understanding and treating” the disease, the association said.

By Deirdre Newman May 15, 2017 10:42 a.m. share »
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Yogurtland's Texas Two-Step

Yogurtland Franchising Inc. added two locations in Houston under separate owners.

By Paul Hughes May 15, 2017 6:01 a.m. share »
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Hotel Developer to Lay Off Staff

FJS Inc. said in a regulatory filing it would cut 121 jobs in Anaheim.

By Paul Hughes May 12, 2017 11:22 a.m. share »
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Veritone Raises $37.5M in IPO

Newport Beach-based start-up Veritone Inc. began trading today on the NASDAQ Capital Markets after raising $37.5 million in an initial public offering.

By Chris Casacchia May 12, 2017 10:16 a.m. share »
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OC-Backed Pebble Beach Expands

Pebble Beach Co. in August will open 38 new rooms under the name Fairway One, at The Lodge at Pebble Beach.

By Paul Hughes May 12, 2017 9:47 a.m. share »
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Apparel Maker Cuts Jobs

St. John Knits International Inc. next month plans to cut 130 jobs at its facility in Irvine, according to a Worker Adjustment and Retraining Notification it filed with the state Employment Development Department.

By Mediha DiMartino May 12, 2017 9:25 a.m. share »
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Burba Hotel Network Sold

Burba Hotel Network in Costa Mesa was bought by Northstar Travel Group in Secaucus, N.J., on undisclosed terms.

By Paul Hughes May 11, 2017 4:44 p.m. share »
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Pieology Gets a President

Pieology Pizzeria in Rancho Santa Margarita named Michael Nolan president.

By Paul Hughes May 11, 2017 9:28 a.m. share »
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Alteryx Beats Street in Q1

Irvine-based Alteryx Inc.’s first quarterly financial report as a public company beat Wall Street expectations.

By Chris Casacchia May 10, 2017 1:55 p.m. share »
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FivePoint Communities Goes Public

FivePoint Communities Inc., the Aliso Viejo-based real estate developer that’s running Irvine’s Great Park Neighborhoods and other large housing projects in the state, completed its initial public offering on Wednesday, raising close to $300 million.

By Mark Mueller May 10, 2017 9:28 a.m. share »
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ASICS Down in Q1

ASICS America Corp.’s sales in the March quarter declined 5.3%, according to its parent, Japan-based ASICS Corp.

By Mediha DiMartino May 9, 2017 3:36 p.m. share »
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First American Picks Gilyard

First American Financial Corp. in Santa Ana appointed Reginald “Reggie” Gilyard to its board of directors.

By Peter J. Brennan May 9, 2017 3:34 p.m. share »
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Disney Parks Unit Results Up

Walt Disney Co.’s parks and resorts unit led a revenue increase at the Burbank-based entertainment company in its most recent quarter.

By Paul Hughes May 9, 2017 2:13 p.m. share »
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SCC Foundation to Get Estate Gift

Santiago Canyon College Foundation in Orange received a $100,000 bequest from the estate of Arlin and Betty Pirtle, the largest donation from an individual donor in the foundation’s 19-year history, a press release from the foundation said.

By Deirdre Newman May 8, 2017 4:34 p.m. share »
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Mechanics Taps New Auto Chief

Mechanics Bank in Walnut Creek, Calif., named Bill Katafias chief executive of its Irvine-based CRB Auto division.

By Peter J. Brennan May 8, 2017 11:59 a.m. share »
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Balboa Opens Pacific NW Office

Balboa Capital, a Costa Mesa-based provider of business loans and equipment financing, opened an office in Spokane to expand in the Pacific Northwest.

By Peter J. Brennan May 8, 2017 11:20 a.m. share »
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FivePoint Eyes Buyback of Broadcom Campus

FivePoint Communities Inc. confirmed it is considering buying back the under-construction campus of Broadcom Ltd. at Irvine’s Great Park Neighborhoods.

By Mark Mueller May 8, 2017 9:54 a.m. share »