Stories for July 2007
Tuesday, July 31
Rupert Murdoch's News Corp. is likely to secure a deal to buy Dow Jones & Co. Inc. on Tuesday after drawing the support of a sufficient number of votes held by the company's controlling family, according to The Wall Street Journal.
Advanced Medical Optics Inc. of Santa Ana wants more time to show shareholders details of its proposed buy of Bausch & Lomb Inc.
Apria Healthcare Group Inc., a Lake Forest home healthcare provider, said Tuesday that its second-quarter profit was up 13% from a year earlier on revenue gains, beating Wall Street expectations.
General Motors Corp. earned $891 million in the second quarter, a huge reversal from the $3.4 billion loss it posted in the same period last year and the third straight quarterly profit for the nation's largest automaker.
Eyeonics Inc., an Aliso Viejo-based medical device maker, has filed plans to raise up to $86.3 million in an initial public offering.
A warning for the current quarter sent shares of Santa Ana circuit board maker TTM Technologies Inc. down more than 15% in afterhours trading Tuesday.
Consumer confidence hit a six year high in July, a widely watched gauge of sentiment showed on Tuesday, as Americans shrugged off falling home prices to focus on a healthy jobs market, instead.
Monday, July 30
Oakley's quarterly earnings show its marketing push is paying off, in the Media & Marketing column
Santa Ana-based Advanced Medical Optics Inc. will get to show some shareholders,including one skeptic,details of its proposed acquisition of Bausch & Lomb Inc.
Parker Properties is planning another office building for its Summit Office Campus in Aliso Viejo,
Los Angeles: Office, Industrial Rents Expected to Inch Upward. PLUS: CHART - Net Absorption; Vacancy Rates; Average Asking Lease Rates
AntiApparel's Web store sells OC's edgy, up-and-coming clothing brands
An Advanced Medical Optics investor who opposes a buy of Bausch & Lomb is used to getting his way
Orange County's community colleges are in the midst of a development boom
Lab Holdings' plan for a Tempe artist village has been nixed by the city, in the Marketplace column
A small Santa Ana chemical company's role in the multibillion-dollar oil industry is precious
Schering-Plough ends a drug it licensed from Valeant Pharmaceuticals, in the Healthcare column
Hyatt Hotels stir it up this summer, in the Executive Dining column
Verizon Communications Inc. on Monday reported second-quarter earnings that rose 4.5% from a year ago, mainly due to its successful cell phone division. The results met analysts' expectations.
A Q & A; with a Santa Ana interior designer taking local design trends to projects in China
Smaller businesses dominate manufacturing in Orange County, though government numbers aren't always perfect. A look at what makes up manufacturing in OC.
ClearLight Partners has raised $300 million in a second fund and is looking for its next investments
Search engine Local.com bought directory provider PremierGuide, in the Technology column
Chapman's Million Dollar Econ Recruits; Moorlach's Operatives
Irvine memory products maker Netlist Inc. has started production early at a new plant in China as it wrestles with falling prices for its products.
GlaxoSmithKline's widely used diabetes drug Avandia should be pulled off the market, a U.S. Food and Drug Administration scientist said in a presentation prepared for delivery on Monday.
Friday, July 27
Stocks prices are where they should be and the economy is healthy, bond fund manager Bill Gross said Friday in a reversal from earlier comments.
Shares of Costa Mesa-based Volcom Inc. sunk more than 10% in midday New York trading on Friday after the clothing designer reported lower quarterly earnings and said earnings for the current quarter could be less than expected.
Irvine-based homebuilder Standard Pacific Corp. has stopped offering earnings guidance for the rest of the year amid an uncertain housing market.
Medical technology company Medtronic Inc. said on Friday that it would acquire Kyphon Inc. for $3.9 billion to expand its spinal treatment business.
Kia Motors Corp., South Korea's second-biggest automaker, on Friday reported a 36% rise in net profit for the second quarter on cost-cutting and strong domestic sales of the large-size Opirus sedan.
The economy snapped out of a lethargic spell and grew at a 3.4% pace in the second quarter, the strongest showing in more than a year. A revival in business spending was a main force behind the energized performance.
Thursday, July 26
The new chief executive at Newport Beach-based chipmaker Conexant Systems Inc. delivered his first quarterly results on Thursday, with the company reporting lower sales and a lessened loss.
Ford Motor Co. said it plans to continue talks with selected suitors for its Jaguar and Land Rover brands, but stopped short on Thursday of committing itself to selling them.
Qualcomm Inc. posted a quarterly profit that rose 24% on Wednesday, handily beating Wall Street estimates on strong demand for high-end mobile phones using its chips and technology licenses.
Two investors in Bausch & Lomb Inc. came out Thursday against the company's proposed acquisition by Warburg Pincus LLC, giving hope to Santa Ana-based Advanced Medical Optics Inc.'s embattled bid for the eye care products company.
A handful of big Orange County technology companies reported mixed earnings for the recently ended quarter.
Blackstone Group LP, which completed its purchase of Equity Office earlier this year, has sold so much of its office property portfolio in recent months that it has covered some 70% of the deal's $39 billion price tag, according to The Wall Street Journal
Wednesday, July 25
Boeing Co. on Wednesday reported a higher-than-expected quarterly profit compared with a year-ago loss, and raised its full-year forecast as it ramped up delivery of its hot-selling commercial planes and defense sales remained strong.
The price of an existing Orange County detached home rose nearly $10,000 from May to June as higher-priced homes dominated dwindling sales.
Sales of existing homes fell for a fourth straight month in June, and even a small increase in home prices was not enough to lift the gloom surrounding the housing industry.
Newport Beach-based Orange Coast Magazine is being bought by Emmis Communications Corp., the Indianapolis-based owner of Los Angeles Magazine as well as other publications and radio stations.
Qualcomm Inc. on Wednesday posted a higher quarterly profit and revenue rose on improving demand for its mobile phone chips and technology licenses.
Irvine-based Epicor Software Corp. on Wednesday upped its outlook for the rest of the year on expected deals with a handful of large customers.
Aliso Viejo-based Quest Software Inc., a laggard in resolving backdated stock options, has been given more time by Nasdaq officials to get up to date with its financial reporting.
Shares of Beckman Coulter Inc., the Fullerton-based medical testing company, were up nearly 10% Wednesday on speculation of takeover talk.
WellPoint Inc. posted an 11% rise in quarterly profit on Wednesday, matching Wall Street's expectations, as the largest U.S. health insurer by enrollment improved its control of administrative costs and saw a boost from net investment income.
Tuesday, July 24
The regulatory arm of the New York Stock Exchange has censured and fined Citigroup Inc.'s Smith Barney unit $50 million for improper trading practices, including deceptive market timing by its brokers.
Homebuilder Centex Corp. said on Tuesday it swung to a quarterly loss because it took a major charge and sold fewer homes despite lowering its prices.
Weakness in junk bonds and subprime mortgage markets could lead to as much as a double-digit correction in U.S. stock markets, respected bond-fund manager Bill Gross warned on Tuesday.
Shares of Irvine-based Spectrum Pharmaceuticals Inc. plunged more than 20% in afterhours trading on Tuesday after a Food and Drug Administration panel recommended that the agency get more data before deciding whether to approve the company's prostate canc
Countrywide Financial Corp., the largest U.S. mortgage lender, said on Tuesday quarterly profit slid 33% and slashed its full-year earnings outlook, hurt by rising defaults as the housing market slumps.
Bond fund manager Bill Gross, no fan of high stock prices, predicted a 5% to 10% correction on Wall Street with a spillover effect from the subprime crash and a weak junk bond market.
Costa Mesa-based Ceradyne Inc. reported higher second-quarter profits but spooked Wall Street with a slowdown in new bookings.
Bausch & Lomb Inc. plans to reject a $4.23 billion takeover bid by Advanced Medical Optics Inc. unless the Santa Ana company can overcome shareholder opposition to the deal.
AT & T; Inc. on Tuesday posted higher-than-expected quarterly profit on strong wireless subscriber growth, but results of the first two days of iPhone sales fell short of forecasts.
Monday, July 23
Dining reaches new horizons at Break of Dawn, in the Executive Dining column
Opsware Inc. shares surged more than 36% Monday, rallying after Hewlett-Packard Co. said it would acquire the data-center software company for a total value of $1.6 billion.
Business is sizzling for Filipino food maker Pampanga, in the Small Business column
ACCOUNTING FIRMS - SOX, Economy Drive Accounting Firms; Challenge: New Talent
Chase Merritt Investments of Newport Beach is continuing to look to Texas for real estate deals, in the Real Estate column
Irvine-based Edwards Lifesciences Corp. posted a drop in second-quarter profit on lower-than-expected heart valve sales and cut its outlook for the year.
Transocean Inc., the world's largest offshore driller, said on Monday it would buy GlobalSantaFe Corp. for nearly $18 billion in a no-premium deal, adding a fleet of shallow-water drilling rigs to its deepwater equipment.
Michael Bertolino took over this month as managing partner of Ernst & Young's Irvine office
Redevelopment in Anaheim and Long Beach has taken twists and turns
Equipment rental company United Rentals Inc. said on Monday it had accepted a $4 billion takeover bid from private equity fund Cerberus Capital Management LP.
The Inland Empire's office and industrial markets remain strong. PLUS: CHART - Net Absorption; Vacancy Rates; Average Asking Lease Rates
A look at people, companies and institutions receiving awards, accolades, grants and other honors
Newport Beach chipmaker Mindspeed Technologies Inc. said Monday it narrowed its loss for the three months ended June 30 but cautioned about sales for the current quarter.
Examiner, Creditors Seek KPMG Probe in New Century Bankruptcy
MANAGEMENT CONSULTING - Sarbanes Work, Newcomer Hitachi Behind Consulting Gains
CB Richard Ellis is changing its local leadership
A federal probe into stock options backdating at Broadcom has taken some wild turns of late with one likely goal in mind: pressure
Women's items helped drive the surf retail industry up in 2006, in the Marketplace column
Sena Cases is hoping to piggyback on the popularity of the Apple iPhone by launching cases for them, in the Media & Marketing column
Most Begrudgingly Agree Reforms are Good, But Lament Bigger Toll on Small Companies
An indicator of future economic activity rose slightly in December, suggesting the economy may grow at a modest clip in the next few months, an industry-backed research group said Tuesday.
Big OCPAC Gift; Times Chief Wants To Reclaim County
Spectrum Pharmaceuticals, looking to start selling its first brand-name cancer drug, has hit some snags
The company that spruced up cars with hip-hop street flair for MTV's "Pimp My Ride" is taking a stab at another reality show from neighboring Corona
Integrated Healthcare Holdings hopes to push ahead with a financing package, in the Healthcare column
Kingston Technology is facing a growing threat from leaner, meaner Taiwanese rivals, according to a report
Cypress-based Christie Digital Systems has bought a Phoenix supplier of software and computers for broadcasters, in the Technology column
Friday, July 20
A federal court has dismissed San Diego-based chipmaker Qualcomm Inc.'s appeal of a ban on phones that contain Qualcomm chips found to infringe on rival Broadcom Corp.'s patents.
Advanced Micro Devices Inc. posted a second-quarter loss on heavy acquisition costs and lower microprocessor prices but gave investors hope with rising sales that beat Wall Street's expectations.
St. Louis Federal Reserve Bank President William Poole said on Friday that losses to lenders and investors in subprime mortgage markets were even-handed and the result of poor underwriting and investing decisions.
Shares of Spectrum Pharmaceuticals Inc., an Irvine drug developer, were down more than 20% Friday after regulators raised the prospect of a delay in approving the company's prostate cancer pill.
Wachovia Corp. said Friday that second-quarter profits rose 24% as the nation's fourth-largest bank benefited from the acquisition of Golden West Financial Corp. and its growing lending business.
Masimo Corp., an Irvine medical device maker, outlined terms of its pending initial public offering on Friday.
Thursday, July 19
Ford Motor Co. has received several bids for its Jaguar and Land Rover units, but a spokesman said they were preliminary and no sale of either British automaking business was imminent.
The chief executive of Newport Beach-based SM & A; has resigned after less than four months on the job, the aerospace and defense consultant said Thursday.
Foothill Ranch-based Oakley Inc. reported a big gain in second-quarter sales and upped its sales outlook for the rest of the year, the sunglasses and clothing maker said Thursday.
Insurer UnitedHealth Group Inc. said on Thursday that second-quarter profit rose 22%, beating analyst estimates, as premium revenue increased and operating margins improved, but an important medical-cost gauge worsened from the first quarter.
Motorola Inc. on Thursday posted a quarterly loss as revenue fell amid weak phone sales, as it loses market share.
Aliso Viejo-based Smith Micro Software Inc., a maker of software for mobile phones that allows users to download and play music files, has acquired the products of Australia's busineSMS Software.
Irvine chipmaker Broadcom Corp. reported a big drop in profits and a slide in sales for the second quarter with results that were in line with Wall Street's modest expectations.
Wednesday, July 18
Federal Reserve Chairman Ben Bernanke told Congress Wednesday that the economy has emerged from its anemic spell, but overall growth for the year will be lower than expected. Inflation remains the chief concern, he said.
Newport Beach real estate investor WCB Properties LP has acquired Union Bank Square, a nearly 400,000-square-foot set of office buildings in Orange, for $92 million.
The pace of home construction rose 2.3% in June but building permit activity, a sign of future construction plans, sank to its lowest rate in 10 years, signaling further weakness in the listless housing market.
Drugmaker Pfizer Inc. said Wednesday its second-quarter profit fell 48% year-over-year, hurt by the loss of patent exclusivity for its Zoloft and Norvasc drugs and by sluggish sales of blockbuster cholesterol drug, Lipitor, in the United States.
Less profitable loans led Newport Beach-based savings and loan operator Downey Financial Corp. to report a big drop in second-quarter earnings.
The legal issues of Henry Nicholas, who faces a federal criminal probe over options backdating and a salacious civil suit, also include a 2002 legal settlement over a lair he had built under his former Laguna Hills home, according to the Los Angeles Times
Tuesday, July 17
Merrill Lynch & Co. said on Tuesday second-quarter net earnings surged 31% on strong investment banking results, helping the company shrug off concerns that subprime mortgage-related activities would be a spoiler.
Dow Jones & Co. Chief Executive Richard Zannino tentatively agreed on Monday to a $5 billion takeover bid by News Corp., though the company's controlling Bancroft family remains divided on the deal, the Wall Street Journal reported.
Chemical maker Basell said on Tuesday it would buy Lyondell Chemical Co. for about $12.14 billion, giving it access to Lyondell's commodity assets and refining capacity.
Shares of Santa Ana-based STEC Inc., a maker of memory products for industrial uses, soared Tuesday after an analyst upgraded the stock.
Creditors of Irvine-based New Century Financial Corp. have followed the lead of a court-appointed examiner by asking a judge to compel KPMG LLP to divulge details about its work for the failed subprime mortgage lender.
Drug maker Schering-Plough Corp. is ending a deal to commercialize hepatitis B drug pradefovir, which Aliso Viejo-based Valeant Pharmaceuticals sold the worldwide rights to last December.
The median price of an Orange County home reached a new record high in June, topping out at $645,000, but lagging sales continued here for another month.
Monday, July 16
List of Interior Designers, Plus Architects With OC Design Services
Conexant Systems Inc.'s Dwight Decker is kicking off his semi-retirement with a side gig.
Some of Orange County's hospitals may get more time to meet the state's earthquake safety laws
The slow housing market continues to be a drain on William Lyon Homes
D-Link Systems is in the throes of a three-year plan to grab a piece of the back office
Santa Ana-based NNN Realty Advisors Inc.,parent company of real estate investor Triple Net Properties LLC,has received federal approval to buy Chicago-based brokerage Grubb & Ellis Co.
Advanced Medical Optics' interest in rival Bausch & Lomb started months before its $4.3 billion takeover bid earlier this month
Ticketing software maker Paciolan is joining the Ticketmaster team, in the Technology column
The owners of Lamborghini Orange County are sweeping up a dealership at the Santa Ana Auto Mall, in the Marketplace column
Companies in coatings, automotive and adhesives are bracing for yet another listing of a popular solvent as hazardous, in Regulation Watch
Broadcom Gets PR Aid in Patent War; Bloated Bus Numbers
Ford Motor Co. has decided to sell Volvo, according to published reports, though the company stressed it's not now in talks to sell the automaker with its U.S. headquarters in Irvine.
Eaton Corp., a diversified manufacturer, posted better-than-expected quarterly earnings on Monday as sales growth from acquisitions offset weakness in its truck division.
Wireless telecommunications company Vodafone Group PLC denied a report that it was considering a $160 billion bid for Verizon Communications Inc., a move that would consolidate ownership of their wireless joint venture.
Rising Material Costs: Tough for Contractors, No End in Sight
IHOP Corp. for $25.50 per share, as the newly restructured company seeks growth outside its iconic pancake chain.
One of Edwards Lifesciences' major projects is moving along and gaining notice among analysts
Business travel has its upsides for resort developer Centurion Partners, in the Real Estate column
Five Crowns in Corona del Mar has undergone nearly $1 million in renovations, in the Executive Dining column
Tenants Eye Landlord Concessions; No Sign of Lowering Rents Despite Rise in Vacancy
Irvine-based subprime mortgage lender New Century Financial Corp. is seeking more time to develop a Chapter 11 bankruptcy plan, the company said in a recent court filing.
The commercial real estate market in South Orange County has remained healthy. PLUS: CHART - Net Absorption; Vacancy Rates; Average Asking Lease Rates
Shares of Newport Beach's Jazz Technologies Inc. jumped after the chipmaker upped its sales outlook for the second quarter on increased demand from customers.
Advanced Medical Optics has seen an activist hedge fund up its stake in the company, in the Healthcare column
Real estate investor WCB Properties has acquired Union Bank Square in Orange
Disney has bumped up its efforts to bring technology to its parks, using it to cross-market its movies, rides, characters and retail products
AlPunto Advertising beat out several shops to be named Hispanic agency of record for the "The World's Biggest Engagement Ring Store," in the Media & Marketing column
New private equity firm VMG Equity Partners has raised $325 million and plans to load up on small OC companies
Friday, July 13
General Electric Co. reported earnings in line with Wall Street's expectations on Friday, citing strong demand for jet engines, gas turbines and other heavy equipment, sending shares to a five-year high.
Battery and razor maker Energizer Holdings Inc. in an all-cash deal worth about $1.16 billion to grow Energizer's personal care product range.
Samsung Electronics, the world's top memory chip maker, reported its worst quarterly profit in four years after steep declines in computer memory chip prices overshadowed improvements in flat screens.
A federal probe into backdating of stock options at Irvine's Broadcom Corp. has shifted to cofounder and former chief executive Henry Nicholas and his personal life while at the chipmaker, the Wall Street Journal reported Friday.
Thursday, July 12
Anaheim-based Pacific Sunwear of California Inc. saw sales at stores open at least a year rise more than expected in June, though the teen clothing retailer cut its profit outlook for the current quarter.
Coda Genomics Inc. of Laguna Hills said Thursday that it raised $7 million in a third round of financing.
Retailers reported modest June sales results on Thursday as industry leader Wal-Mart Stores Inc and teen favorite Abercrombie & Fitch Co topped Wall Street's conservative expectations, while a number of department stores and women's specialty retailers fo
Santa Ana-based First American Corp. said Thursday the Securities and Exchange Commission has wrapped up a look into the company's stock option grants and doesn't plan to take any action.
Home foreclosures fell in June after jumping to a 30-month peak in May, but default rates will escalate as a horde of mortgages resets at higher loan rates, real estate data firm RealtyTrac said on Thursday.
Mining giant Rio Tinto has offered to buy Canadian aluminum company Alcan Inc. for $38.1 billion in cash, the companies said Thursday, in a friendly takeover that tops a hostile bid by U.S.-based Alcoa.
Abbott Laboratories Inc. may seek another buyer for its diagnostics business after its $8 billion deal to sell it to GE Healthcare fell through, Wall Street analysts said on Thursday. The unit competes with Fullerton's Beckman Coulter Inc.
Shares of Costa Mesa's Resources Connection Inc., an accounting and financial consulting company, jumped on Thursday after reporting better-than-expected quarterly results.
Wednesday, July 11
Costa Mesa-based Ceradyne Inc., a maker of ceramics for military armor, dental braces and automotive products, is paying $27.5 million to buy a supplier of powders to one of its divisions.
Billionaire Carl Icahn's sweetened $3 billion buyout offer for auto parts maker Lear Corp. has gained little traction among top advisory firms or shareholders ahead of a scheduled vote next week.
U.S. home sales and prices will fall further in 2007 than earlier expected, the leading realty trade association predicted on Wednesday.
The California attorney general's office on Wednesday denied the proposed $55 million sale of Anaheim Memorial Medical Center to Prime Healthcare Services Inc. of Victorville.
Santa Ana-based Advanced Medical Optics Inc. on Wednesday blasted ValueAct Capital Partners LP, its third-largest shareholder, for opposing its $4.3 billion takeover bid for rival Bausch & Lomb Inc.
Dow Jones & Co., met with supermarket magnate Ron Burkle and Internet entrepreneur Brad Greenspan on Tuesday in an effort to find an alternative offer, a source familiar with the situation said.
Fast-food giant Yum Brands Inc. said Wednesday that its second-quarter profit rose by 12%, beating Wall Street projections, amid ongoing growth in its international business that offset an essentially flat U.S. performance.
Tuesday, July 10
Irvine-based HireRight Inc., which does employee background checks and drug screening for employers, expects to raise up to $50 million in its initial public offering, the company said Tuesday in a filing with regulators.
Bausch & Lomb Inc. said Tuesday it remains in talks to be bought by Santa Ana-based Advanced Medical Optics Inc., though a rival bid from Warburg Pincus LLC received antitrust clearance from regulators.
BHP Billiton Ltd., the world's biggest miner, is in talks with private equity firms to team up for a possible $40 billion bid for U.S. aluminum company Alcoa Inc., the Times said on Tuesday.
Home Depot Inc. on Tuesday forecast a deeper profit drop for 2007, citing weakness in the U.S. housing market.
Cypress-based Christie Digital Systems Inc., a maker of digital and film projectors, is buying a maker of video processing systems based in Phoenix.
Home builder D.R. Horton Inc. said on Tuesday declining home values would lead to its first quarterly loss since it listed on the New York Stock Exchange in 1995, sending its shares to a three-year low.
Monday, July 9
Cooper Cos. could benefit from recent news linking contact lens cleaning solutions to serious eye infections
A look at people, companies and institutions receiving awards, accolades, grants and other honors
HD Supply Repair & Remodel plans to open its second OC store in Santa Ana, in the Real Estate column
A Berkeley-based coffee distributor has decided not to acquire a 66% stake in Irvine's Diedrich Coffee Inc.
Accutrac Software was bought by Boston's Iron Mountain, in the Technology column
Google Inc. said on Monday it has agreed to buy Web-based security provider Postini for $625 million, expanding its package of online applications to compete with Microsoft Corp.'s Office.
Mission Viejo's Spy V Style is behind the uniforms you see on workers at some OC food joints, in the Small Business column
Billionaire investor Carl Icahn's American Real Estate Partners LP to about $3 billion after shareholders balked at a previous buyout proposal.
Kaiser Aluminum, a year out of bankruptcy, could be back in the market for acquisitions
Ford Motor Co. and Southern California Edison will team up to test rechargeable hybrid vehicles in an effort to speed up mass production of the new technology.
Lennar's Hush-Hush El Toro Laboratory; Dine with Ballplayers
A jury has put the brakes on a class action lawsuit against Kia Motors America
Partying is a booming business in OC. Challenges abound; bars, clubs feeling fallout from mortgage sector's comedown
As far as retail frenzies go, Apple iPhone had its own flavor, in the Marketplace column
NetScope is getting ready to move to bigger offices after hiring more people and bringing in new business, in the Media & Marketing column
ExaDigm Inc., a Santa Ana-based maker of credit card terminals and software, said today it landed $12 million in its second round of venture funding.
Economic sentiment among local chief executives, business owners and managers has dipped for the second straight quarter
Au revoir to La Brasserie in Orange, in the Executive Dining column
It's that time of year again when the California Legislature rushes to pass bills we don't need and that harm our state, in Letters
Monarch HealthCare is one company that's not feeling the pinch of rising insurance premiums
Litigation against California's State Compensation Insurance Fund charges fraud and conflict of interest
Male doctors are shying away from general care and eyeing specialty fields, in the Healthcare column
What a difference a year makes. The subprime mortgage industry heavily rooted in Orange County saw loans fall by 40% in the first quarter from a year earlier, according to a survey by trade publication National Mortgage News.
Friday, July 6
Alcan Inc., the big Canadian aluminum maker, said on Friday that a $28.6-billion hostile takeover offer from Alcoa Inc. remains inadequate, and that it is pursuing alternatives such as talks with other groups.
A jury has put the brakes on a class action lawsuit against Irvine's Kia Motors America Inc. Last month, Kia, part of South Korea's Hyundai Motor Co., prevailed in a trial over seatbelts in its 2001 and 2002 Sephia and Spectra cars.
Chicago Mercantile Exchange Holdings, winning the support of Caledonia Investments Pty. Ltd., CBOT's biggest shareholder.
Duane Roberts made an initial fortune by laying claim to the first frozen burrito. Now he's trying his hand at another Mexican food venture.
Don Beall, who led Rockwell International during its days in Orange County, has given $6.6 million to the University of California, Irvine's business school.
Rupert Murdoch's News Corp. as discussions continue, representatives for Dow Jones and its controlling Bancroft family said on Friday.
Thursday, July 5
Jones Apparel Group Inc. said on Thursday it received an unsolicited bid from Fast Retailing Co. to acquire Barneys New York Inc. for $900 million, which tops Jones' existing pact to sell the upscale clothing chain for $825 million.
New Century Financial Corp., a collapsed subprime lender that is liquidating in bankruptcy, said on Thursday the U.S. Securities and Exchange Commission has elevated its investigation of the company to formal status.
Advanced Medical Optics Inc. has offered about $4.1 billion in cash and stock for rival eye care company Bausch & Lomb Inc., according to a Thursday report on the Wall Street Journal's Web site.
Irvine-based Option One Mortgage Corp. has lost a $1 billion credit line in a move that raises questions about the subprime mortgage lender's pending sale.
Mortgage applications were little changed from the prior week, with an increase in demand for loans to buy homes offset by a drop in applications to refinance, an industry group said on Thursday.
Shares of Irvine-based chipmaker Microsemi Corp. rose Thursday after an analyst upgraded the stock and said the company has "considerable momentum" for growth.
Hilton Hotels Corp. said on Thursday that it must pay Blackstone Group $560 million if it receives a better offer and terminates a takeover agreement with the private equity firm.
Tuesday, July 3
Half of the some 900 workers at a Boeing Co. satellite venture in Huntington Beach have opted to stay put and not move to the Denver area as part of a planned relocation of the business.
Kraft Foods Inc. announced Tuesday that it offered $7.2 billion in cash to acquire the cookie and cereal division of French food company Groupe Danone SA in a deal that would give America's biggest food and beverage company an even larger foothold around
U.S. private equity firm Blackstone Group for about $26 billion cash.
America's factories saw demand for their products dip by a smaller-than-expected 0.5% in May, suggesting that despite some pockets of weakness the manufacturing revival remains intact.
Aliso Viejo drug maker Avanir Pharmaceuticals Inc. said Tuesday it is selling its FazaClo schizophrenia treatment for $42 million to Azur Pharma Ltd. of Ireland.
Leveraged-buyout giant Kohlberg Kravis Roberts joined the growing list of private-equity firms hoping to be traded in the public market late Tuesday, with a widely anticipated filing to raise $1.25 billion through an initial public offering.
West Hollywood-based Ticketmaster is buying Irvine's Paciolan, one of its few competitors in the ticket business.
Pending sales of existing homes dropped to their lowest level in almost six years, a real estate trade group said Tuesday, demonstrating the persistence of the housing slump.
Monday, July 2
Trade-Related Businesses Fill Developments. PLUS: CHART - Net Absorption; Vacancy Rates; Average Asking Lease Rates
Nearly half of the some 900 workers at a Boeing Co. satellite venture in Huntington Beach have opted not to relocate to Denver
Multi-Fineline Electronix dodged a bullet last week in a shotgun marriage
Craig DeRoy, president of Santa Ana-based title insurer and data services provider First American Corp., plans to retire at the end of the year.
Ingram Micro Inc., the Santa Ana-based distributor of technology products, said it lowered its second-quarter outlook on Monday and warned of a $15 million charge related to a Securities and Exchange Commission probe.
Out at Register, But Buscaglia May Still Join Freedom
Och-Ziff Capital Management Group LLC, a multi-strategy investment fund with about $26.8 billion under management, filed for an initial public offering on Monday, making it the latest alternative investment firm to seek a public listing.
Irvine's Netlist Inc., a maker of computer memory products, said Monday it expects to swing to a loss in the second quarter on weak demand from customers and falling memory chip prices.
The Flying Pram offers high-end children's clothing and equipment, in the Marketplace column
Nestle SA completed its $2.5 billion takeover of Novartis Medical Nutrition, the food and drinks giant said Monday.
The new owner of Johnson/Ukropina has wasted no time bringing in more work and talent, in the Media & Marketing column
Sun Healthcare Group and others serving seniors are poised to benefit from the aging of America, in the Healthcare column
Lennar says it has no intention of backing out of its OC projects despite a tough national housing market
For the 241 Toll Road, the greens are running amok and their tunnel vision is stopping progress. Millions of Americans would still vote Al Gore for president.
URBAN OUTFITTERS: Two OC streetwear makers are living LRG
Santa Ana's Advanced Medical Optics Inc. has seen an activist hedge fund up its stake in the company to 12.2% from 9.9%.
Advanced Medical Optics faces a steep loss and sharply lower sales in the wake of its contact lens solution recall
L.A.'s Arden Realty has snapped up 16 OC office buildings, in the Real Estate column
A metal shop closure at Beckman Coulter is a small example of changes under Chief Executive Scott Garrett
Chip sales growth could be less than expected in 2007, in the Technology column
A potential Southern California foothold for Daystar Television Network isn't putting the fear of God into its Costa Mesa-based rival
Napa Rose Run By World Class People, Boasts Famed Cuisine. Napa Rose at Disney's Grand Californian Hotel is Fifi's Restaurant of the Year
The nation's factories, plants and utilities should continue picking up steam in coming months, a research group said Monday, suggesting hardy consumer spending and moderating inflation are boosting confidence among manufacturers.
Allergan wants to turn wrinkle-smoother Juv & #233;derm into its next big hit