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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Frost Data Capital Part of Investor Group

Frost Data Capital, a San Juan Capistrano-based investment firm and start-up incubator, joined other venture investors to back Maana, a developer of big-data search engine technology.

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Autobytel Buys Competitor

Autobytel Inc. shares were up about 30% to a market value of $185 million after the Irvine-based automotive marketing company said it acquired Dealix Corp. from CDK Global Inc. in Hoffman Estates, Ill. for $25 million.

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Taylor Morrison Buys Pacifica San Juan Site in SJC

A venture that includes Scottsdale, Ariz.-based Taylor Morrison Home Corp. has bought the stalled Pacifica San Juan home development in San Juan Capistrano.

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El Pollo Loco Sets Dallas Plan

El Pollo Loco said it plans at least 20 restaurants for a previously announced expansion into Dallas, to include seven franchised by an affiliate of local family office, Henry Investment Group.

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Segerstrom Daniels Gives $5M to CHOC Mental Health Program

Children’s Hospital of Orange County said today it's building a new children’s mental health inpatient center as part of an initiative that will be supported by a $5 million gift from Sandy Segerstrom Daniels.

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Edwards Suspends Valve Study

Irvine-based Edwards Lifesciences Corp. said today that it is voluntarily halting enrollment in an early clinical trial for an experimental, less-invasive mitral heart valve.

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Biolase Names CEO

Irvine-based Biolase Inc. said today that Harold Flynn Jr. will become its new chief executive, effective July 13.

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Theme Parks Operator Buys in NJ

Apex Parks Group, an Aliso Viejo-based owner and operator of leisure parks, has acquired Sahara Sam’s Oasis Indoor and Outdoor Water Park in New Jersey.

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Masimo's $467M Verdict Upheld

Irvine-based Masimo Corp. said today that a federal court in Delaware has upheld a $467 million jury verdict in its favor against a pair of Netherlands-based Royal Philips Electronics NV's units for patent infringement.

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Telogis Gets $25M Investment

Aliso Viejo-based Telogis Inc. has raised another $25 million in venture capital funding.

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First Foundation Starts Insurance Unit

Irvine-based banking and wealth planning firm First Foundation Inc. has launched a property and casualty insurance brokerage unit.

Theme Parks Get Online Boosts from Newspaper

Disneyland, Knott’s Berry Sites Register Offshoots

Thinking of a trip to Disneyland or Knott’s Berry Farm this summer?

Shea Properties, KBS Plan $76.7M Deal in Denver

First Office Built at Shea’s Village Center Station

Aliso Viejo-based commercial developer Shea Properties Inc. is under contract to sell part of a big office project in Colorado to another locally based investor, KBS Realty Advisors.

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Ad Firm Takes Stake in OC Company

Dentsu Inc. said it acquired a 33% stake in Laguna Hills-based Athletes First LLC to help the athlete management agency expand its business in the U.S. and internationally.

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Confie Buys in NY State

Huntington Beach-based insurance broker Confie Seguros has acquired three brokerage firms in Buffalo, N.Y.

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El Pollo Loco Down on Comps, Guidance

Shares in Costa Mesa-based El Pollo Loco Holdings Inc. fell about 11% in after-hours trading as same store sales growth slowed and the fast food chicken chain offered tepid full-year earnings guidance.

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Pimco’s Head of Equities to Leave

Newport Beach-based Pacific Investment Management Co. said its London-based chief investment officer of global equities is stepping down after a little more than a year on the job.

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Irvine Commercial Printer Sold

Fontis Solutions in Irvine has been acquired by Dallas-based franchisor Safeguard Business Systems.

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Irvine Commercial Printer Sold

Fontis Solutions in Irvine has been acquired by Dallas-based franchisor Safeguard Business Systems.

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Glaukos Files for IPO

Laguna Hills-based Glaukos Corp. has filed plans to raise $86 million in an initial public offering.

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Clean Energy Shares Fall on Missed Targets

Shares of Clean Energy Fuels Corp. were down about 2% in midday trading Tuesday after the Newport Beach-based company reported first-quarter revenue and adjusted profits that missed Wall Street expectations.

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Asset Manager Takes Habit Stake

New York City-based asset management firm AllianceBernstein LP disclosed in a regulatory filing a 12.7% stake in Irvine-based Habit Restaurants Inc.

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LoanDepot Doubles Space, Plans to Hire 1,000

Foothill Ranch-based mortgage lender loanDepot LLC has doubled its Orange County office space to more than 238,000 square feet to accommodate its growing direct-lending center.

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Del Taco Revenue, Income, Buyer's Shares Up

Shares in the company that plans to buy Lake Forest-based Del Taco Holdings Inc. rose about 5% in early trading today as the Mexican-themed fast food chain reported first quarter earnings up about 33% on revenue up about 9%, compared with the same period last year.

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Tribune in Deal for SD Paper

Chicago-based Tribune Publishing Co., the parent of the Los Angeles Times, said it entered into agreement to buy U-T San Diego for $85 million in a cash-and-stock deal.