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Corinthian Unit Might Have Buyer

Santa Ana-based Corinthian Colleges Inc. has a buyer interested in its Canadian schools, according to a newspaper in Ontario, Can.

By Paul Hughes March 6, 2015 8:48 a.m.   Share
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Taco Bell Japan to Open

Irvine-based Taco Bell Corp. has set an April 21 opening for its first restaurant in Japan under a franchising deal with Tokyo-based Asrapport Dining Co. Ltd., according to the Wall Street Journal.

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Confie in 3 Deals

Huntington Beach-based Confie Seguros Insurance Services has acquired three brokerages on the East Coast.

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Ten Schools on Federal Watch List

Ten local colleges are on a list of institutions under federal financial monitoring, according to the U.S. Department of Education.

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DOT Approves New JWA-Mexico Flights

The U.S. Department of Transportation approved Seattle-based Alaska Airlines to begin flights between Mexico and John Wayne Airport in October.

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JWA Permits Two Ride Share Firms

John Wayne Airport issued permits this afternoon for two “transportation network companies”—an industry term for taxi-like, ride-sharing operators such as Uber—to operate there, an airport spokesperson said.

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CM Investor Buys EB-5 Regional Center

Costa Mesa-based real estate developer and private equity firm PDC Capital Group LLC has acquired ZGlobal Southern California EB-5 Investment Regional Center.

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UCI Stem Cell Researcher Gets $5M

A University of California-Irvine researcher has been awarded $5 million to develop stem cell treatments for Huntington’s disease, the university said.

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Ruby’s Founder Steps Back

Doug Cavanaugh has stepped back from day-to-day operations at Irvine-based Ruby Restaurant Group, the retro burger chain he founded 33 years ago.

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PE Firm Backs Water Treatment Company

Anaheim Hills-based investment firm Metrix Capital Group LLC has provided an undisclosed amount of growth capital to Superior Water Technologies Inc. in Irvine.

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Taco Bell Considers Design, Delivery

Irvine-based Taco Bell Corp. said it plans to test new store designs as well as food delivery, according to trade journal Nation’s Restaurant News.

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Levy Invests $120M in Del Taco

A group led by Chicago restaurateur Larry Levy has invested $120 million in Lake Forest-based Del Taco Holdings Inc., the first step in its previously announced acquisition of the fast food chain.

OC Drones On

Newfangled Flying Machines Figure Into Local Landscape

Within hours of capturing a pair of gray whales recently in an early morning swim, Dana Wharf Sportfishing & Whale Watching had the video posted on YouTube and emailed to subscribers of its digital newsletter.

How Laguna Beach Adds Up

HOSPITALITY: Music festival, trolley add to eclectic approach

The eyes of the global hospitality industry were drawn to a big splash in Laguna Beach earlier this year, when the $360 million sale of the Montage Hotel put the value of the city’s premier commercial property at about $1.4 million per room, on par with the Waldorf Astoria in Manhattan.

Irvine-Based Marketer Plans to Sell Latino Accent in Miami

MARKETING: Niche unit aims to get brands past cultural barriers

Think of Advantage Sales & Marketing LLC’s Hispanic Retail Selling Team as ambassadors for general-market manufacturers looking to secure shelf space at Latino grocery stores in Southern California, Arizona, Texas and New York—with a push into Miami coming soon.

Clock Ticks as Startup Drug Maker Seeks Lifeline

HEALTHCARE: BK filing follows several loan defaults

Irvine-based AtheroNova Inc. is searching for a buyer willing to extend the cash-strapped startup’s existence as it reviews early data on its effort to develop drugs to fight atherosclerosis, or hardening of the arteries.