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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Chuck Martin Dies

Chuck Martin, an Orange County businessman well-known for investments, education and charity work, died on Tuesday. He was 80.

By Peter J. Brennan March 29, 2017 11:16 a.m. share »
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El Pollo Loco Grows Texas Deal

El Pollo Loco said a Texas franchisee has agreed to nearly triple the number of units the local operator will open.

By Paul Hughes March 28, 2017 3:09 p.m. share »
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Cloudvirga Raises $15 Million

Irvine-based mortgage software developer Cloudvirga raised $15 million in Series B funding.

By Deirdre Newman March 27, 2017 5 p.m. share »
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Ubiquity Investor Wants New Execs, Board

One of Ubiquity Inc.’s largest shareholders wants to immediately replace the Irvine-based media and technology company’s top executives.

By Deirdre Newman March 27, 2017 12:56 p.m. share »
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PIMCO, Gross Settle Lawsuit

Bond investor Bill Gross settled a lawsuit against the company he co-founded, Pacific Investment Management Co.

By Peter J. Brennan March 27, 2017 10:28 a.m. share »
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GSF Beefs Up C-Suite

Golden State Foods in Irvine named several new senior executives to its leadership team, including a new chief administrative officer and chief financial officer.

By Paul Hughes March 27, 2017 10 a.m. share »
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OC Unemployment Down

Orange County’s unadjusted unemployment rate fell to 3.7% in February from a revised 3.9% in January and below the 4.1% reported in the same period last year, the state Employment Development Department said.

By Peter J. Brennan March 24, 2017 10:40 a.m. share »
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Alteryx Shares Rise After IPO

Shares of Irvine-based Alteryx Inc. surged in its first trading session on the New York Stock Exchange.

By Chris Casacchia March 24, 2017 10:08 a.m. share »
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Forbes Billionaires Include 12 in OC

Twelve members of the Business Journal’s annual OC’s Wealthiest list made this year’s Forbes ranking of the world’s billionaires.

By Peter J. Brennan March 22, 2017 3:29 p.m. share »
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Anaheim Drugmaker Raises $4.2M

BioCorRx Inc. in Anaheim secured $4.2 million financing, including $940,000 in equity financing from nine investors and $1.7 million from Alpine Creek Capital, effective by March 24, a press release said.

By Sherry Hsieh March 22, 2017 11:46 a.m. share »
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Ubiquity Inc. Stock Suspended

The Securities and Exchange Commission said this week it would temporarily suspend the stock of Irvine-based Ubiquity Inc., from March 20 to March 31, due to “a lack of current and accurate information about the company.”

By Deirdre Newman March 22, 2017 11:32 a.m. share »
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Microsemi Closes China Plant

Microsemi Corp. has closed a manufacturing plant in China, the Aliso Viejo-based chipmaker said after the close of intraday trading Tuesday.

By Chris Casacchia March 22, 2017 10:35 a.m. share »
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Puzder to Leave CKE

CKE Restaurant Holdings Inc. Chief Executive Andrew Puzder will step down from his post next month and be replaced by Jason Marker, who most recently led U.S. operations for KFC Corp.

By Paul Hughes March 22, 2017 8:58 a.m. share »
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OC-Based Crowdfunder Launches

A former board member of Freedom Communications and his sister launched an online crowdfunding platform for Orange County individuals and nonprofit groups.

By Deirdre Newman March 20, 2017 4:56 p.m. share »
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El-Erian Matches $250K in OCSA Gifts

The Orange County School of the Arts Foundation raised $1 million net in support of the school’s students at last weekend’s gala fundraiser.

By Deirdre Newman March 20, 2017 1:09 p.m. share »
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Starwood Exits TRI Pointe

Starwood Capital Group is exiting TRI Pointe Group Inc. with the sale of 12 million shares, or 7.5% of the Irvine-based homebuilder.

By Peter J. Brennan March 20, 2017 9:57 a.m. share »
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Veritone Inc. Files IPO

Newport Beach-based startup Veritone Inc. aims to raise up to $15 million in an initial public offering, according to a registration statement filed yesterday with the Securities and Exchange Commission.

By Chris Casacchia March 16, 2017 10:12 a.m. share »
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Restaurant Co. Buys 38 Wendy’s

Cotti Foods Corp. in Rancho Santa Margarita bought 38 Wendy’s International Inc. franchises in Kansas, Oklahoma and Texas, a news report said.

By Paul Hughes March 14, 2017 2:04 p.m. share »
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Bank Strikes Deal With Activist Investors

Irvine-based Banc of California Inc. said it has reached an agreement with Legion Partners Asset Management LLC to avoid a proxy battle.

By Peter J. Brennan March 14, 2017 10:15 a.m. share »
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Tilly’s Report Mixed; Shares Down

Irvine-based Tilly’s Inc. beat Wall Street expectations on revenue and earnings for the January quarter, but its shares fell about 11% to $8.80 on a downbeat forecast for the current quarter.

By Mediha DiMartino March 13, 2017 2:38 p.m. share »
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PIMCO Names 9 New Managing Directors

Newport Beach-based PIMCO, one of the world’s largest investment firms, with $1.47 trillion in assets under management, appointed nine new managing directors.

By Peter J. Brennan March 13, 2017 11:57 a.m. share »
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Alteryx Prices IPO

Irvine-based analytics software maker Alteryx Inc. will sell 9 million shares of Class A common stock valued between $12 and $14 per share under terms of its initial public offering, according to a filing today with the Securities and Exchange Commission.

By Chris Casacchia March 13, 2017 11:56 a.m. share »
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Whittier Trust Appoints Doti

Whittier Trust, a private family office in South Pasadena that serves 349 families and has $11 billion in assets under advisement, has appointed Jim Doti to its board of directors.

By Peter J. Brennan March 13, 2017 11:09 a.m. share »
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El Pollo Loco’s Sather to Retire

El Pollo Loco Holdings Inc. president and Chief Executive Steve Sather plans to retire by year-end, the company said on Thursday.

By Paul Hughes March 10, 2017 9:46 a.m. share »
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Alignment Snatches $115M

Irvine-based Alignment Healthcare secured a $115 million investment from New York-based private equity firm Warburg Pincus LLC to support its U.S. expansion.

By Sherry Hsieh March 9, 2017 10:02 a.m. share »