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John Wayne Airport Traffic Up
John Wayne Airport passenger traffic rose 2.8% in March to 923,500 compared with the same month last year; first quarter traffic was up 2% to 2.5 million.
Bellwether In $20M Investment
Newport Beach-based investment firms Bellwether Financial Group and Nadavon Capital Partners made a $20 million equity investment in business software maker Club Speed Inc.
Midday Stock Roundup
The S&P 500 rose 0.8% in midday trading to 2,933.65.
Long Beach Airport Traffic Down 19%
Long Beach Airport traffic dropped 19% in March to 290,000 passengers; traffic in the first quarter was down 18% to 805,000 passengers.
Revero Reengineered
Karma Shows New Styles, SoCal Production Hub
Karma Automotive turned heads on the other side of the world last week with the debut of its 2020 Revero GT electric vehicle as well as a Pininfarina-designed concept car and its Vision roadster concept car at the automotive exhibition Auto Shanghai.
OC 500: Anil Puri
Economic forecasts, analysis, research, policy counsel ... quarterly review, OC execs’ expectations, 18 years running … spearheaded $50M capital campaign led to Mihaylo College of Business and Economics; dean, 18 years … biz school state’s biggest … 18 months, interim provost till Dec 2017 hire Kari Knutson Miller … Puri, 40+ years a Titan … master’s, econ, Panjab U., India; Ph.D., U Minn.
‘Ultimate Bankruptcy Fintech’ Expands in Irvine
Stretto sees a booming business in the next few years.
OC 500: Gina Alshuler
Largest woman-owned indie ad agency … third-largest OC overall … $105M revenue, up 19% … 270 workers … clients include Alaska Airlines, Keep America Beautiful, Verizon, TGI Fridays, Gap Inc. … CEO since 2016; prior, president since 2011 … joined agency 2001 after grad SDSU … named to trade pub DMN’s 2018 Hall of Femme, she said, ‘always do the job ahead of the one you have’ … firm founder: Jill Gwaltney
Midday Stock Roundup
The S&P 500 and the Nasdaq were both flat during midday trading at 2,905.12 and 8,000.73, respectively, while the Dow Jones dipped 0.2% to 26,513.72.
Boeing Sells More HB Land to Sares-Regis
Defense and aerospace giant Boeing Co. has quietly sold a nearly 56-acre property it owns and occupies in Huntington Beach, with the land expected to make way for a new multi-building industrial development, the Business Journal has learned.
Syntiant Surge
OC’s Latest Chipmaker: High on AI Applications, Low on Energy Use
Irvine semiconductor maker Syntiant Corp. has put its first batch of chips into limited production, another milestone for the closely-watched startup.
OC INSIDER
News for Squinting Eyes
When the robots and machines take over, as foretold by all from the Simpsons to the Terminator, they’ll probably use Syntiant chips.
Mavenlink Putting New Funds into Products, People
TECHNOLOGY: $111M Raised Since ’08 Start
A $48 million funding round co-led by a local investor and a Wall Street powerhouse will fuel ongoing innovation at project management software maker Mavenlink Inc.—and more speculation on the next steps in the fast-growing firm’s evolution.
KPC Health to Buy Four Verity Hospitals for $610M
HEALTHCARE: LA’s St. Francis Among Buys
KPC Healthcare Inc. was the stalking horse that won the race.
HdL Pays $23M for Brea Office Building
REAL ESTATE: Gov’t Consultancy Buys Its HQ
Government consulting agency HdL Cos. is prepping for future growth through the acquisition of a sizeable office building that houses its headquarters in Brea.
United Sports Brands Catches Plaudits from Patriots MVP
SPORTS: $200M Brand- Runner P.E.-Backed
A Fountain Valley sports products firm has made a special connection with New England Patriots star Julian Edelman.
Private Companies Wanted for Annual List
SPECIAL ISSUE: List will be centerpiece of June 17 edition
The Business Journal is preparing our annual list of the area’s largest privately owned companies for publication in June—the definitive source of information on the privately owned firms that make up so much of the local economy.
Employment Agency Revenue Flat; Direct Hires Up
LABOR: 30 Firms Boost Corporate Workers, Too
Orange County’s largest employment agencies hit a speedbump on this week’s Business Journal list.
Real Estate Deals
Sales and leases of offices, industrial buildings, retail space and apartments
John Adger Trust purchased an office building from Gonzales Family Living Trust for $1.3 million or $166 per square foot.
STARTUPS & INNOVATIONS
Irvine-based software maker Eyes4Lives has signed an agreement to license its Dr. i-Coach software to Taiwanese Quanta Computer Inc., one of the largest laptop manufacturers in the world.
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