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Ups & Downs for Allergan; Devil of a Case; Augie on Ice

Last week had some wags wondering if Allergan CEO David Pyott might be forced into an error by spending too much on an acquisition in hopes of putting the Irvine-based drug maker out of reach of hostile pursuers Valeant Pharmaceuticals and New York hedge funder Bill Ackman.

Gallegos Crosses Over for Milk Board’s Campaign

MARKETING: Works on par with Goodby on $20M effort

Grupo Gallegos has crossed over the demographic divide to work hand in hand with one of the best-known agencies in advertising on the California Milk Processor Board’s new $20 million ad campaign.

OC Cities Post Population Growth, Irvine Up Nearly 5%

Combine for 1% Increase To About 3 Million Residents

Orange County cities continued growing last year, combining for a net 1% increase in population to about 3 million.

Telecoms Drop Employment After 2 Years of Gains

630 Jobs Lost As Verizon, Time Warner Cut Costs

Two cost-cutting moves fueled a significant drop in local employment among Orange County’s largest telecommunications companies in the past year.

Trace3 Names New Chief Executive

Irvine-based IT consultancy and service provider Trace3 promoted Tyler Beecher to chief executive.

Pennsylvania Firm to Buy Skilled Healthcare

Foothill Ranch-based Skilled Healthcare Group Inc. said it’s being bought in an all-stock deal by Kennett Square, Pa.-based Genesis HealthCare.

Restaurant Chain Receives Funding

Irvine-based restaurant chain and franchisor LYFE Kitchen received a minority investment from Carlisle Corp. and will move to that company’s Memphis, Tenn., headquarters, according to news reports.

Analyst Sees ‘Smooth Transition’ for New Allergan CFO

Personal Decision Prompts Move, New CFO Praised

Irvine drug maker Allergan Inc. has a new chief financial officer as it works to fight off hostile suitor Valeant Pharmaceuticals International Inc.

New Social Networking Site Aims to Pay It Forward

Allocates $1M to Award Money, Resources to Users

A software entrepreneur in Irvine has launched a social networking site to make users’ dreams become reality through crowdsourcing.

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El Pollo Loco Signs for 20 Units in Texas

Costa Mesa-based grilled chicken chain El Pollo Loco Inc. has signed a multibrand operator to develop 20 franchised locations in Houston and San Antonio.

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CSUF Study: OC Exports to Grow Modestly, $28B by 2015

Orange County exports are expected to grow by nearly 6% this year to reach about $26.2 billion, according to a study by California State University Fullerton’s Center for Economic Analysis and Forecasting.

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New CEO for Trace3

Irvine-based IT consultancy and service provider Trace3 has promoted Tyler Beecher to chief executive.

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UCI Chem Prof in Cancer Business Venture

A University of California-Irvine chemistry professor is an equity partner in Novonco Therapeutics Inc., a new company in Los Angeles founded to treat cancer patients.

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CSUF Trust Summit Names Honorees

Several local companies were honored for being the “best connected to their treasured customer base,” during the OC Trust Summit Thursday at California State University-Fullerton.

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808 Begins Trading Wednesday

Garden Grove-based power plant owner and operator 808 Renewable Energy Corp. will begin trading Wednesday on the Over-The-Counter Bulletin Board.