Orange County Business Journal

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Recent and archived news stories on: Accounting, Advertising, Consulting, Jobs, Food, Insurance, Law, Printing, Public Relations, Security...

Palace Entertainment Sells 15 Parks

Newport Beach-based leisure park owner and operator Palace Entertainment Inc. sold 15 of its entertainment center locations to Apex Parks Group in Aliso Viejo on undisclosed terms.

Montage LB Names Managing Director

Irvine-based Montage Hotels & Resorts recently named Rick Riess managing director of Montage Laguna Beach, its flagship resort.

Transcatheter Heart Valves Dominate TCT Meeting

Edwards’, Medtronic’s Devices Part of Discussion

Transcatheter heart valves, including those by Irvine-based Edwards Lifesciences Corp., took center stage at a large interventional-cardiology meeting this month in Washington, D.C.

New Hyundai Voice Paul Rudd In, Jeff Bridges Out

Company Wanted Name Known By Young Buyers

Hyundai Motor America has replaced actor Jeff Bridges with Paul Rudd as the new voice for its national advertising campaigns.

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Unemployment Rate, Jobs Fall

Orange County’s unemployment rate dipped to 5.4% in August despite a decrease of 1,900 jobs over the month.

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Group Pays Off $3.86M Worth of Corinthian Students’ Debt

An offshoot group of the Occupy Wall Street movement paid off $3.86 million in loans owed by 2,761 students of a Corinthian Colleges Inc. school, according to reports.

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Montage Names Managing Director

Irvine-based Montage Hotels & Resorts named Rick Riess managing director of its coastal Orange County flagship resort Montage Laguna Beach.

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Autobytel Increases Share Buyback Plan

Autobytel Inc.’s board of directors has approved an additional $1 million common stock repurchase program, increasing the total planned amount to $3 million.

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Irvine Appliance Maker Names New Ad Agency

BSH Home Appliances Corp. selected ELA Advertising as its strategic, creative agency-of-record for its Thermador brand cookware.

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Casanova Pendrill Loses Miller Lite

Costa Mesa-based Casanova Pendrill lost the Latino-American portion of the Miller Lite advertising business.

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U.S. Agency Sues Corinthian

The Consumer Financial Protection Bureau today sued Santa Ana-based Corinthian Colleges, Inc. and alleged it engaged in “illegal predatory lending.”

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Johnny Rockets Launches Smaller Sites

Aliso Viejo-based Johnny Rockets Inc. said it would develop several types of smaller restaurants and work with an outside company to develop some of them, according to reports.

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Ad Shop Raises $5.2 Million

Adaptive Medias Inc. raised $5.2 million from two investors by selling 2.13 million shares of its common stock at $2.25 per share.

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Allergan to Cut 129 Irvine Jobs

Irvine-based Allergan Inc. has filed papers with state officials saying it will lay off 129 employees.

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Oculus Co-founder Gives $31M

The cofounder and chief executive of Irvine-based Oculus VR Inc. has pledged $31 million to the University of Maryland-College Park to build a new computer science building focused on virtual reality, according to a report.