Stories for January 2003
Monday, January 27
The chief economist for Newport Beach-based Pacific Investment Management Co. and other investment experts are set to offer outlooks for stocks, bonds and the economy at the Orange County Society of Investment Managers forecast dinner Thursday.
Irvine ticketing software maker Paciolan Inc. has nabbed $20 million in funding from Palo Alto's Technology Crossover Ventures.
Monday, January 20
Constuction Slows, Few Projects in Pipeline; Construction activity in the industrial market slowed markedly last year.
Lake Forest-based The Cooper Cos. says it's banking on new products, global expansion and acquisitions for growth this year.
All over California, employers are getting hammered with staggering 30% to 60% increases in annual workers' comp premiums. These jumps have resulted in average premiums more than doubling over four years.
Irvine-based SolarFlare Communications Inc. last week closed on a $17.5 million second round of funding, more than the company previously said it was seeking.
Monday, January 13
Irvine-based Valley Forge Pharmaceuticals Inc. has granted development and commercial rights for its nearsightedness drug to a unit of Novartis AG.
Recent numbers from the California Employment Development Department show Orange County now has more government bureaucrats than workers in durable goods manufacturing. And the gap has been widening for the past few months.
The Venture Point Tech Coast Small Business Development Center is closing its doors.
Companies are bracing for fallout from a slew of new laws, many of which will add to the cost of doing business in California.
Monday, January 6
Tustin-based ProFun Management Group Inc. recently struck a deal to buy the space-themed indoor center at Germany's Space Park Bremen.
As the state struggles to find ways to close its projected $35 billion budget deficit, businesses are certain to be hit with new or higher taxes and fees, a prospect that stands to further damper California's fragile business climate.
OC businesspeople are as optimistic as they've been in nearly a year, according to a California State University, Fullerton survey done in association with the Business Journal in mid-December.