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Gallegos Takes Milk Board Into 21st Century

ADVERTISING: ‘got milk’ makes way for kid-driven adsA television spot shows three kids sitting in a diner complaining about their beleaguered lives over glasses of cold milk.

Unemployment Rises to 3.3%

Orange County’s unadjusted unemployment rate rose to 3.3% in June, up from a revised 2.6% in May and down from 3.7% a year ago, according to the state’s Employment Development Department.

China Chicken Franchise Adds 3 in OC

China-based Yang’s Braised Chicken and Rice plans three franchised locations in OC, following its first store in the U.S., a corporate location that opened in Tustin in September.

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Taco Bell Goes Big Overseas

Taco Bell Corp. in Irvine signed current franchisees in Spain and Brazil to add 40 locations a year between the two countries over the next decade.

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PAAMCO Prisma’s Co-CEOs to Step Down

Fund of hedge funds PAAMCO Prisma Holdings co-Chief Executives Jane Buchan and Girish Reddy are stepping down a year after combining their firms.

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AutoGravity Names New CEO, CTO

AutoGravity named a new chief executive and chief technology officer to replace two award-winning executives who unexpectedly departed the fast-growing Irvine fintech in the past two months.

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Allied Universal Buys USSA for $1B

Santa Ana-based Allied Universal, the largest private security firm in the U.S., said it will pay $1 billion to acquire U.S. Security Associates (USSA) from Goldman Sachs’ Merchant Banking Division.

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NJ Pendry Preps $1M Homes

A Pendry Hotel planned for a 2020 opening in Somerseet County, New Jersey, will include 24, for-sale residences on land once fit for a king.

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Art Institute OC Closing

The Art Institute of California-Orange County in Santa Ana, a campus of Argosy University, will permanently close.

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Iteris Gets $3.5M OCTA Deal

Iteris Inc. will synchronize traffic signals and make other timing and infrastructure changes at 59 intersections under a three-year, $3.5 million contract with Orange County Transportation Authority.

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2019 Weightlifting Event Shifts to Vegas

Budapest-based International Weightlifting Federation moved its March 2019 youth world championship from Anaheim to Las Vegas during the group’s executive board meetings in Tashkent, Uzbekistan, a news report said.

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Alliant Buys Texas Firm

Newport Beach's Alliant Insurance Services Inc., the largest insurance broker based in Orange County, said it acquired Austin,Texas-based CLS Partners, which has more than 50 employees. Terms were undisclosed.

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Taco Bell Heats Up Down Under

A franchiser of fast food restaurants has said Australia looks good for more Taco Bell locations—in some cases possibly replacing Sizzler locations it operates there.

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$180M in Galaxy’s Edge Construction Phase

A series of six construction permits for projects with a combined value of $180 million pulled over the last 30 days in Anaheim suggest the home stretch for elements of Star Wars: Galaxy’s Edge, the new “land” expected to open next summer at Disneyland Resort.

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CBRE: Hotel Numbers Up in May

Average daily rates, occupancy, and revenue per available room held steady or grew year-to-date compared with the same period in 2017, research from CBRE Hotels in Los Angeles shows.

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UCI Gets $5M Grant

The National Science Foundation awarded the University of California-Irvine a $5 million grant to help it boost enrollment of low-income engineering students focusing on advanced manufacturing.

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