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New AutoGravity CEO Tries to Avoid Potholes

FINTECH: Vows smoother ride after leadership shakeupAutoGravity Corp., the Irvine fintech recently embroiled in management turmoil, is for sure keeping one thing: a wooden slide employees use to spirit themselves from the second floor to the first.

2017 Tourism: $21 Billion

Local tourism last year produced $21.3 billion in economic impact, according to a new report from the Orange County Visitors Association.

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Hospitality Shows Go To OC Operator

Emerald Expositions Events Inc. (NYSE: EEX) bought several hospitality-focused trade shows, publications, and events from ST Media Group International and Hospitality Media Group on undisclosed terms.

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NB Hotel Operator to Add Three

Twenty Four Seven Hotels in Newport Beach will run three inland area hotels for Cerritos-based Soquel Rincon TPS LLC.

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Del Taco Ratchets Guidance Down

Del Taco Restaurants Inc. (Nasdaq: TACO) lowered full-year guidance in its most-recent quarterly report. Revenue and net income grew on a 1.4% increase in systemwide same-store sales, with franchised restaurant comps growing faster than company-owned locations.

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Airport Up 6% in August

John Wayne Airport passenger traffic increased 6% year-over-year in August to 991,000 people; year-to-date passenger numbers are up 5.5% to 7.2 million.

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Microsemi Execs Sue Microchip

Ousted Microsemi Corp. Chief Executive James Peterson and three of his former executives are suing Microchip Technology Inc. and its executives for alleged slander, libel and unfair business practices.

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Vizio Reaches $17M Settlement in TV Spying Lawsuit

Vizio Inc. has reached a $17 million preliminary settlement related to a class action lawsuit filed in Santa Ana in 2016 that alleged the Irvine-based company tracked the viewing habits and demographic information of its smart TV viewers and sold that data.

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Taco Bell Operator Plans 50 in Australia

Collins Foods Ltd. will open 50 Taco Bell locations in three years in three states in Australia.

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GSF in Talks to Sell Some Sites

Golden State Foods Corp. in Irvine said it’s talking with Rosemont, Ill.-based McDonald’s distribution and logistics firm Martin-Brower LLC to sell some distribution centers serving the Golden Arches and reinvest the proceeds to diversify operations.

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JWA Loses Albuquerque Service

Alaska Airlines will trim its wings at John Wayne Airport in January, cutting its daily flight from JWA to Albuquerque International Sunport after it began the route in August 2017.

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Long Beach Air Traffic Up 11%

Long Beach Airport traffic rose 11% year-over-year in August to 350,000 passengers; year-to-date traffic is up 10% to 2.7 million.

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Nékter in 4-State, 30-Unit Deal

Nékter Juice Bar Inc. in Santa Ana said a franchisee will open 30 locations of the juice and smoothie chain in Florida, Tennessee, Maryland, and Washington D.C. The latter two are new markets for Nékter; the first store should open in Florida early next year.

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Willdan Gets $17M Schools Projects

Willdan Group Inc. (Nasdaq: WLDN) got $17 million in contracts with Colorado school districts.

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Habit Burger Signs Rare Franchise Deal

Habit Restaurants Inc. said a franchisee will develop nine locations in Eastern Washington and Idaho, with the first ones scheduled to open early next year.

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UCI Adds to Campus

University of California, Irvine will be opening the doors to its new 65,000-square-foot “active learning” building next week.

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