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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Confie Buys in Texas

Huntington Beach-based Confie Seguros Insurance Services has acquired Baja Auto Insurance in Dallas on undisclosed terms.

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Hotel Sales Spike in 2014

The number of hotels sold in Orange County more than doubled and their dollar value increased five-fold in 2014 compared with a year earlier, according to Irvine-based hospitality consultant Atlas Hospitality Group.

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Laser Maker Hits Record Revenue

Irvine-based Newport Corp. after the close of intraday trading reported fourth quarter earnings that beat Wall Street expectations and provided a revenue and profit outlook for the current quarter.

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Kofax to Halt London Trading

Irvine-based business software maker Kofax Ltd. will delist its shares on the London Stock Exchange next month, the company announced today.

Blue Sky Over JWA

OC-Based Charter Services Catch Recovery’s Tailwind

Charter air service is finding friendly skies over Orange County, where demand for private flights has gained altitude in recent months.

HCP Back in OC, Big in Bay Area With Campus Plan

REAL ESTATE: Eyes lifescience tenants for 884,000-SF project

A recently returned corporate citizen of Orange County has gotten started on one of the largest office developments under way in California—an 884,000-square-foot project that will mix a hotel and retail space into an office development intended for lifescience companies in the Bay Area.

OC Mortgage Lenders Poised for Strong Run

FINANCE: Nonbank enterprises claim ground in recession’s wake

A number of mortgage lenders in Orange County have readied themselves for what’s expected to be a strong year for home loans.

Whale of a Tie-In; NBFF Scores in UK; Doti at Shea Center

Here are a couple of big OC names that make a natural marketing match: Pacific Life and filmmaker MacGillivray Freeman.

Chicago Investor’s Buy Ups Bet on Resort Market

REAL ESTATE: $1.4M-per-room sale of Montage an OC record

The Chicago-based investor that was reportedly exploring a sale of its lone Orange County property just 18 months ago has instead added to its local resort holdings.

Pizza Chain Sticks to Recipe on Expansion

RESTAURANTS: Bucks trend of fast-casual, eyes Westminster

John’s Incredible Pizza Co. is in talks to open a restaurant in Westminster Mall as it doubles down on its long-standing family-oriented approach amid the recent popularity of fast-casual restaurants that appeal to food afficianados.

Kofax Poised to Sever UK Listing, Go Nasdaq-Only

Ready to Exit London Exchange for Nasdaq

The directors of Irvine-based business software maker Kofax Ltd. are scheduled to vote this week on a proposal to delist its shares from the London Stock Exchange.

Donahue Schriber Latest OC Buyer in Silicon Valley

REIT Buys New Center For Estimated $111 Million

Add Donahue Schriber Realty Group to the growing list of Orange County commercial real estate companies spending big dollars in Silicon Valley.

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Newport Corp. to Acquire Austrian Company

Irvine-based Newport Corp., which makes lasers and related equipment, is set to acquire a small Austrian company that specializes in ultra-fast laser systems used in scientific and biomedical research.

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Broadcom Responds to Call for Gender, Ethnic Data on Employment

Irvine-based chipmaker Broadcom Corp. released some race and gender data on its workforce for the first time in response to ongoing requests from civil rights and labor activists.

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Aliso Viejo Delivery Company Part of $80M Buy

Aliso Viejo-based meal delivery service Restaurants on the Run is set to be acquired by Chicago-based GrubHub, according to news reports.

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Blizzard Posts Strong Q4 on WoW Expansion Release

Irvine-based video game maker Blizzard Entertainment Inc. reported a strong fourth quarter after the close of intraday trading Thursday, with revenue and operating profits rising.

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5 Take CFO Honors

Executives were honored in five categories last night at the Orange County Business Journal CFO of the Year awards, which drew a crowd of about 600 to the Hotel Irvine.

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TTM Beats on Q4, Gives Outlook

Costa Mesa-based printed circuit board maker TTM Technologies Inc. after the close of intraday trading Wednesday reported fourth quarter revenue and adjusted profits that beat Wall Street expectations.

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Allergan Beats Analysts' Expectations

Irvine-based Allergan Inc. Wednesday reported mixed fourth-quarter financial results.

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SA Security Firm Grows Retail Side

Santa Ana-based Universal Protection Service has acquired two guard services companies to expand its retail mall business.

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Edwards Beats Wall Street

Irvine-based Edwards Lifesciences Corp. after markets closed Tuesday reported fourth-quarter financial results that beat expectations.

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Corinthian Buyer Offers to Forgive $480M in Loans

The company that plans to buy 50 campuses of Santa Ana-based Corinthian Colleges Inc. said it would forgive $480 million in private student loans in exchange for federal approval for the deal, according to a news report.

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PennySaver Trims Distribution

Brea-based PennySaver USA will stop delivering local editions of its weekly PennySaver publications to the South Bay and the East Bay areas of Northern California, effective April 15.

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Opus Forms Broker-Dealer Arm

Irvine-based Opus Bank has established a broker-dealer subsidiary to support its merchant banking business.

Broadcom’s $778M Solution

Chipmaker Puts Price on Plans for Great Park Campus

Irvine-based Broadcom Corp. is investing nearly $800 million for its new headquarters next to Orange County Great Park, according to regulatory filings.