Stories for June 2003
Monday, June 30
Lake Forest heart device developer Orqis Medical Inc. raised $25 million in a third round of venture funding, bringing its total raised to $38 million.
Milan Panic,the Costa Mesa drug maker already has undergone one of the most sweeping makeovers Orange County's seen in a while.
Directory Includes Interior Designers, Plus Architectural Firms With Design Services
Orange County companies hoping for freer trade with Latin America are looking to get a slice of it later this year with an expected accord with Chile.
ABOUT THE LIST - A steady diet of military work offset a decline in commercial deals for Orange County's biggest aerospace and defense contractors in the past year.
Mild Recovery on Tap for North County. The first quarter in North Orange County was marked by more job losses in the industrial sector and growing concerns over the war with Iraq, even as values surpass previous record highs.
FileNet Finds IBM Targeting its Software Market; It doesn't worry Costa Mesa software maker FileNet Corp. that IBM Corp. is going after its business.
Another round of workers' compensation premium rate increases is due to hit this week, marking the second year in a row that they are rising at midyear.
Monday, June 23
ABOUT THE LIST - Local venture capitalists saw their investments in Orange County startups drop 14% to $91 million in 2002 from a year earlier, according to this week's Business Journal list.
The second quarter's drought of venture funding for healthcare startups broke last week when San Clemente-based Opus Medical Inc. raised $13.6 million in a third-round investment.
Monday, June 16
Howard Phanstiel, PacifiCare Health Systems Inc.'s chief executive, says the managed care company's business is growing more predictable after a run of up-and-down financial results and earnings surprises in the past two years.
The John Wayne Airport area lease vacancy rates improved versus a year ago for all building types
The squeeze is on at nonprofits, though Orange County companies still are giving.
An Orange County Superior Court judge earlier this month signed off on a settlement of a $6.6 million overtime lawsuit against Kellogg Co.'s Keebler Co. brought by Garden Grove-based Gould & Associates.
Foothill Ranch-based Oakley Inc. is looking to grow its two-year-old prescription eyeglasses business.
Monday, June 9
Newport Beach's Stradling, Yocca, Carlson & Rauth has boosted its life science practice
Overkill for a few bad apples. That's the prevailing view Orange County executives have about the Sarbanes-Oxley Act of 2002, according to a recent Deloitte & Touche Corporate Governance Survey.
Monday, June 2
A beleaguered tourism industry is hoping that falling gas prices and the calming tension in Iraq will boost Orange County visitor numbers this summer.
Huntington Beach-based surfwear maker Quiksilver Inc. is tracking to hit $1 billion in sales this year. Its competitors hope to get caught up in the swell.
Costa Mesa-based law firm Rutan & Tucker LLP has formed a practice to defend companies facing lawsuits based on the state's Business and Professions 17200 code, which has gained notoriety in California in the past year.