SERVICES

New Bank Opens in Santa Ana

Infinity Bank opened on Feb. 1 in Santa Ana, the first new bank in a year in Orange County.

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JetBlue Contests Long Beach Fines

JetBlue Airways Corp. plans to contest $264,000 in fines levied against it between April and November for violating the Long Beach Airport curfew, news reports said.

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Hotel Sales Stable on No ‘Big Deal’

OC hotels sold at a slightly lower rate for a markedly lower dollar volume last year—but results were affected by the lack of a trophy property sale in 2017, a survey by broker-consultant Atlas Hospitality Group in Irvine shows.

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Allianz to Pay $12m to Settle 401k Suit

A California federal judge this week gave preliminary approval for Allianz Asset Management of America LP to pay $12 million to settle allegations it didn’t adequately provide alternatives to its employees for their retirement plans.

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Taco Bell Parent Puts $200M to Delivery

Yum Brands Inc. in Louisville, owner of Irvine-based Taco Bell, will buy 3% of GrubHub Inc. in Chicago for $200 million.

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Debt Servicer Buys Second Disney-Area Hotel

An affiliate of CW Capital Asset Management LLC bought the Portofino Inn & Suites for $26 million, its second such deal in the last few years for the bad debt of a Disneyland Resort-area hotel.

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UCI's Federoff Resigns Health Post

University of California-Irvine accepted the resignation of Howard Federoff, vice chancellor of health affairs and chief executive of UCI Health System.

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Parks Boost Disney Again

Walt Disney Co.’s parks and resorts unit, which includes Disneyland Resort in Anaheim, reported double-digit increases in revenue and operating income which pushed the Burbank entertainment giant’s shares up 2% after-hours to a $160 billion market cap.

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Allied Universal Buys 1,900-Employee Firm

Santa Ana-based Allied Universal, the biggest private security force in North America with over 150,000 employees, bought Covenant Security Services Ltd., a unit of Covenant Services Worldwide, on undisclosed terms.

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Arbonne Sold to Paris Beauty Group

Arbonne International LLC in Irvine and a sister company, Nature’s Gate, will be bought by Groupe Rocher on undisclosed terms.

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AutoGravity Signs Nissan

Irvine-based fintech firm AutoGravity, which provides auto financing through smartphones, signed up another automaker: Nissan Motor Acceptance Corporation (NMAC).

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Kimpton, Le Meridien Target Garden Grove

A Kimpton and a Le Meridien are two of the three hotels coming to a 5-acre site, next to a Target store and across Harbor Blvd. from the Hyatt Regency Orange County, in Garden Grove.

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Disneyland Chief Promoted to Asia

The Walt Disney Co. (NYSE: DIS) promoted Michael Colglazier, its current Disneyland Resort chief, to head of its Asia parks, effective March 5.

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Coffee Maker Gets Soda Support

KonaRed Corp. in San Clemente will work with L.A. Libations in El Segundo to expand its line of cold brew coffee and other products.

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NAMM Number: 115,085, up 10%

National Association of Music Merchants in Carlsbad said its annual Anaheim Convention Center trade show and music pageant, which ended Sunday, drew 115,085 registrants and about 2,000 exhibiting companies.

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