FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
TECHNOLOGY: Licensing deal for search engine software
SRCH2 Inc., a spinout of University of California, Irvine, has struck a licensing deal with HTC Corp. that’s expected to add millions in revenue and put the startup on the map.
FINANCE: Digital Offering to link issuers, investors online
Newport Beach-based investment bank Digital Offering LLC is betting on recent changes that allow companies to publicly advertise and solicit investors as they seek to raise private placement capital.
Surpasses Broadcom, Second to Allergan Overall
Broadcom Corp.’s decade-long run as Orange County’s largest technology company by market value has come to an end at the hand of another Irvine-based business.
MEDIA: Audit indicates rugged start for ‘subscriber-first’ strategy
The “subscriber-first” strategy Freedom Communication Inc. started a year ago has yet to bear fruit in terms of total paid circulation for the print edition of its flagship Orange County Register.
Anaheim-based consumer-finance lender CashCall Inc. formed an automobile loan division to serve car dealers and consumers “across varying credit levels.”
Ingram Micro Inc. acquired Shipwire Inc., a cloud-based logistics services pro-vider with customers in more than 50 countries.
Oakley Inc. is relocating its Eye Safety Systems subsidiary from Sun Valley, Idaho, to its Foothill Ranch headquarters.
Philanthropy Column by Kim Haman
November 2, 2013
Other items of interest in the Orange County Business Journal
Big Growth, New Name, Move to Costa Mesa HQ in Works
Managing fast growth has been just as important to Banc of California Inc. as making it happen in the first place.
Founder George Lopez Is Moving to R&D Role
San Clemente-based ICU Medical Inc. is entering a new phase in its history, one in which Dr. George Lopez, its founder, is no longer running the show on a daily basis.
Orchard Hills In North Irvine Scheduled to Open in Spring
A quartet of publicly traded homebuilders and one local builder looking to go public appear set to head up the first batch of residential development at Irvine Company’s long-awaited Orchard Hills community.
Broadcom Corp.’s recent third-quarter earnings report and analyst conference call highlighted some lingering problems
Irvine-based Plaza Bank reported a 62% increase in net income in the third quarter, to $1.4 million.
Anaheim-based consumer-finance lender CashCall Inc. has formed an automobile loan division to serve car dealers and consumers “across varying credit levels.”
Ingram Micro Inc. has acquired Shipwire Inc., cloud-based logistics services provider with customers in more than 50 countries.
North American Ad Campaign Test Drive for Global Push
Sage North America is out to transform itself from “a house of brands” to a “branded house.”
REAL ESTATE: 5 homebuilders on block; price pegged at $2.7 billion
Irvine-based TRI Pointe Homes Inc. becoming one of the country’s 20 largest builders.
REAL ESTATE: $435M price tag expected for 2nd Chicago skyscraper
KBS Realty Advisors remains upbeat about the market for high-end offices around the country
REAL ESTATE: Blackstone unit in buy near South Coast Plaza
Chicago-based Equity Office Management LLC has bought an office complex near South Coast Plaza in Costa Mesa
REAL ESTATE: Money Mailer slims down in Garden Grove
The Garden Grove headquarters of Money Mailer LLC has been sold
REAL ESTATE: $17.25M for South Coast Metro property
A vacant parcel of land in Santa Ana that was eyed as a site for a high-rise condominium tower before a shift to plans for midrise apartments has been sold to a Beverly Hills-based developer.
REAL ESTATE: 1.1 million SF up for bid in two separate deals
Four of Central Orange County’s better-known office buildings are on the sales block
HEALTHCARE: Lauds FDA for ‘realistic’ approach
San Clemente-based USGI Medical Inc. is moving along with development of its less-invasive devices for weight loss.
Irvine-based chipmaker Broadcom Corp. announced a restructuring plan that will cut as many as 1,150 jobs, about 9% of its global workforce.