FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
Irvine startup Connectifier has raised $6.5 million in a Series A funding round led by True Ventures in Palo Alto.
Irvine-based Habit Restaurants Inc. plans to open its first restaurant in Florida on June 24 in Delray Beach.
Anna’s Linens Inc. in Costa Mesa filed for Chapter 11 bankruptcy protection on June 14 with the U.S. Bankruptcy Court, Central District of California.
Irvine-based Standard Pacific Corp. said it would combine with Westlake Village-based Ryland Group Inc. in a deal valued at $5.2 billion, which news reports said would create the fourth-largest homebuilder in the U.S.
Laguna Hills-based device maker Glaukos Corp. has officially opened its upcoming initial public offering, according to a federal filing.
Advantage Sales and Marketing LLC said it has made an investment in Smollan Group in Johannesburg, South Africa, on undisclosed terms.
Costa Mesa-based El Pollo Loco Holdings Inc.’s signed its system’s largest franchisee to open six restaurants in Utah by 2018.
Shares in Irvine-based NuGene International Inc. fell 39% Thursday to $2.61 and a market capitalization of $103 million after the skincare products development company said yesterday that it had no affiliation with a 28-page mailer touting the stock, but the stock recovered some ground Friday morning.
Irvine-based technology non-profit The Portal plans to create 100 internships this year for college students to work in local startups and other businesses.
Pacific Wave Systems, Inc. a microwave component manufacturer in Garden Grove, fetched $20.1 million in a sale to Canada-based telecom systems manufacturer COM DEV International Ltd.
Shares of Quiksilver Inc. fell 38% to 77 cents and a market value of $131 million Tuesday, after it reported a dip in revenue for the second quarter and pulled guidance for the rest of fiscal 2015.
Incipio Technologies Inc. in Irvine has acquired ClamCase LLC, a Michigan-based designer and manufacturer of keyboard cases for the iPad family of tablets.
Costa Mesa-based Anna’s Linens Inc. is preparing to file for bankruptcy, the Wall Street Journal reported.
Opus Bank’s chief operating office has resigned after about two years working at the Irvine-based bank.
Donation to Smithsonian Recognizes ‘Critical’ Tool of Finance Industry
Bill Gross didn’t invent the Bloomberg terminal.
REAL ESTATE: 180,000-SF office comes with 15 extra acres
An affiliate of apparel company Vans Inc. is under contract to buy the 1588 South Coast Drive office building in Costa Mesa.
TECHNOLOGY: Lauds Avago boss Tan, eyes Intel’s crown
Broadcom Corp. cofounder Henry Nicholas has high hopes for the chipmaker as it heads toward the new leadership and financial muscle expected to come with a proposed $37 billion sale to Avago Technologies Ltd.
At least 8 Active OC Firms Chart Their Own Courses
Orange County’s private equity scene covers a wide range of industries and market segments, a reflection of the diversity in characteristics and specialties of the investment firms here.
100% Hike in Dollar Volume, 60% Increase Last Year
The biggest venture capital firms in Orange County continued to increase their investments in local companies, though the pace of growth slowed compared with a year earlier.
MEDIA: Former workforce, advertisers up for grabs
Competitors are extending welcome mats to clients once loyal to PennySaver USA LLC and its former sales staff, as the free Brea-based weekly ad publication wraps up its fate in bankruptcy court.
A director of Huntington Beach-based Quiksilver Inc. resigned from the apparel maker and retailer’s board, contending she was excluded from the body’s decision making.
Douglas Ingram, former president of drugmaker Allergan Inc., joined the board of Costa Mesa-based startup Nemus Bioscience Inc. in the newly created role of vice chairman.
Fountain Valley-based skate apparel and footwear maker One Distribution was acquired by K-Swiss Global Brands on undisclosed terms.
Boot Barn Holdings Inc. announced an agreement to buy western apparel and footwear retailer Sheplers Inc. for $147 million.
Fountain Valley-based Kingston Technology Co. sold a subsidiary to Shenzhen Kaifa Technology Co. in China.