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20 Years of Job Changes Crunched
ECONOMY: More now in health, business services
Social workers and business consultants were the biggest job winners in the past two decades in Orange County.
OC 500: Bob Alter
Founded hotel owner-operator 1985 … took public twice: 1995, 2004 … grew from $30M revenue 1995 to $1B 2007 …
NAMM, NAPEW Re-Up in Anaheim
Visit Anaheim said OC's two largest tradeshows by attendance—National Association of Music Merchants and Natural Products Expo West—have booked their slots at Anaheim Convention Center through 2023 and 2022, respectively.
Midday Stock Roundup
The S&P 500 rose 0.7% in midday trading to 2,840.14.
Photo Prints E-commerce Co. Buys Again
Huntington Beach-based MailPix Inc. bought PrintShopLab, the printing unit of Denver-based Photobucket Corp., on undisclosed terms.
Merger Makes Trace3 OC’s Newest $1B Tech Company
CEO: ‘I Think We’re a Juggernaut’
The merger of Irvine-based Trace3 and Data Strategy LLC in Grand Rapids, Mich. has created a formidable IT services provider with revenue surpassing $1.1 billion.
OC 500: Raj Bhathal
Started swimwear maker with wife, Marta … 2017 first non-family president, Brenda West, fellow OC 500er … Raj, Marta back Segerstrom Center, Chapman—Raj trustee; student services building named for them … sports:
Veritone Sales Sour Traders
Shares of Veritone Inc. (Nasdaq: VERI) plummeted after the company reported second quarter results that missed Wall Street expectations.
Veritone Plans Two Acquisitions
Veritone Inc. shares jumped today after the Costa Mesa-based company announced two pending acquisitions, one for its emerging artificial intelligence business and the other for its media-buying arm.
Midday Stock Roundup
The S&P 500 fell 0.4% in midday trading to 2,821.90.
Older Hotels Join Resort-Area Refresh
Those Built in Disney’s Early Days Get 21st Century Updos
When Bill O’Connell entered the hotel business in Anaheim 50 years ago, “Disneyland was closed on Mondays and Tuesdays” for cleaning and repairs.
Montage Top-20 Global Brand
Irvine-based Montage International’s luxe resort unit, Montage Hotels & Resorts, is the 14th-best resort brand in the world, according to readers of Travel & Leisure magazine.
OC 500: Russ Bendel
Longtime restaurateur—Cheesecake Factory, Mimi’s—heads burger chain … current role 10 years; IPO 2014 at top of fast-casual craze … $300M market cap … $153M revenue, up from $89M 2015 … $5M net, up from 2015 loss
Dual Hotel-Office Project Proposed in Airport Area
REAL ESTATE: Backer of 9-story project has colorful history
A nine-story development featuring a boutique hotel and nearly 167,000 square feet of office space has been proposed for a vacant site on Jamboree Road in the John Wayne Airport area of Irvine, one of the largest commercial projects put forth there in recent years.
New AutoGravity CEO Tries to Avoid Potholes
FINTECH: Vows smoother ride after leadership shakeup
AutoGravity Corp., the Irvine fintech recently embroiled in management turmoil, is for sure keeping one thing: a wooden slide employees use to spirit themselves from the second floor to the first.
Family Man
Bill O’Connell married a hometown girl from the Midwest but had to take a job near Disneyland to do it.
Space Race
Al Stovall visited Disneyland in 1959.
Monarch Beach Resort Loan Pegs Value at $466M
REAL ESTATE: $1.2 million per-room appraisal at high mark
The up-and-down valuation of the swanky Monarch Beach Resort in Dana Point over its 17-year history has apparently hit a new high, based on documents related to a new loan for the 400-room resort.
Price Competition Results in Mixed Edwards Q2
HEALTHCARE: Says new valves should drive up Q4 sales
Recent stock reactions to Orange County’s largest publicly traded company speak to Edwards Lifesciences Corp.’s (NYSE: EW) second-quarter earnings.
LA Fitness Floats Newest Concept
RETAIL: Test float pods seek to compete for young members
For 33-year-old health club operator and LA Fitness parent Fitness International LLC, workout trends come and go, but that doesn’t mean it ignores the latest boutique fitness studios popping up around its 709 locations.
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