Stories for June 2007
Friday, June 29
Inflation in May outside of food and energy posted its slowest annual gain in three years, suggesting the Federal Reserve is making progress in fighting inflation.
Biosite Inc., the San Diego maker of medical tests that once was sought by Fullerton's Beckman Coulter Inc., now officially is part of Inverness Medical Innovations Inc.
Hundreds of gadget fans, or their paid stand-ins, lined up on Friday to be among the first buyers of Apple Inc.'s iPhone, a music and video playing phone that seeks to reshape the mobile industry.
Lake Forest-based Western Digital Corp. is getting a bargain by buying San Jose's Komag Inc. in a deal that allows it to keep pace with key rivals, according to Forbes.
Irvine's top chipmaker Broadcom Corp. could see gains from Friday's big launch of Apple Inc.'s iPhone.
Bank regulators issued new standards for subprime mortgage lending on Friday that includes several new consumer protections.
Thursday, June 28
The Federal Reserve on Thursday held benchmark U.S. interest rates steady at 5.25% for an eighth straight meeting and dropped a description of core inflation as "elevated."
Irvine-based Quantum Fuel Systems Technologies Worldwide Inc., a maker of fuel system parts for hydrogen vehicles, has hired an adviser to look at possibly selling its Tecstar Automotive Group unit.
The economy grew at a 0.7% annual pace in the first three months of this year, the weakest in more than four years but slightly better than previously estimated, data showed on Thursday.
Lake Forest-based disk drive maker Western Digital Corp. said Thursday it is paying $1 billion for Komag Inc. in its biggest deal yet.
Federal Reserve policy-makers meeting for a second day on Thursday look set to hold borrowing costs steady as they monitor risks that inflation could rekindle and that economic growth may stall.
The Newport Beach licensor of skateboard and clothing brand World Industries has bought the business from Australia's Globe International Ltd. for $8 million.
President George W. Bush suffered a major defeat on his plan to overhaul immigration laws on Thursday when the Senate refused to close debate and advance the legislation.
Wednesday, June 27
Mortgage applications fell for a second straight week as interest rates remained near recent highs, an industry group said on Wednesday.
Shares of Irvine-based Impac Mortgage Holdings Inc. dropped more than 21% on Wednesday after the mortgage investor said it won't pay a second-quarter dividend to shareholders.
The publisher named to take over the Orange County Register earlier this month has pulled out of the job after questions about her resume, the Register reported Wednesday.
Costa Mesa-based Ceradyne Inc. is paying $69 million for a maker of isotopes used to contain nuclear waste as part of a diversification bid.
New orders for long-lasting U.S.-made manufactured goods tumbled a larger-than-expected 2.8% in May on a plunge in civilian aircraft orders and they were also lower than forecast when transportation orders were stripped out, a government report showed on
Despite ongoing costs of recalling its Peter Pan peanut butter, ConAgra Foods Inc. reported its fourth-quarter profit soared Wednesday compared with results weighed down by restructuring charges a year ago.
Tuesday, June 26
Sales of new U.S. homes fell 1.6% in May to a lower-than-expected level while prices climbed from April, according to a government report on Tuesday that continued to point to weakness in the housing sector.
Lennar Corp., one of the nation's leading homebuilders, said Tuesday it fell to a second-quarter loss as inventories of unsold homes rose and it had to cut prices to attract buyers. Lennar also warned that it would likely post a loss in the third quarter
The 376-room Laguna Cliffs Marriott Resort has been put up for sale for an expected $200 million.
Consumer confidence fell more than expected in June as shoppers fretted about jobs, a private research group said Tuesday.
Anaheim's Multi-Fineline Electronix Inc., a maker of flexible printed circuit boards used in flip phones and other devices, is off the hook for an unwanted deal with sister company MFS Technology Inc.
Contact lens solutions make up only about a quarter of Advanced Medical Optics Inc.'s $1 billion in yearly sales. But they're set to drive a big loss at the Santa Ana-based company this year.
The Federal Reserve could lower interest rates later this year as the subprime mortgage fallout spreads to the broader economy, said Bill Gross, chief investment officer for Newport Beach's Pacific Investment Management Co. Meanwhile, economists at Chapma
Monday, June 25
The market for shopping centers is tight, pricey; development giving way to makeovers
Exploring the stories behind two of OC's restaurants, in the Executive Dining column
Baseball, Bren, Beall: UCI's Big Week; George Jr.'s Vows
Dow Jones & Co. Inc. and Rupert Murdoch's News Corp. are close to a pact that would protect the journalistic independence of The Wall Street Journal if News Corp. acquired the media company, according to newspaper reports on Sunday.
A look at people, companies and institutions receiving awards, accolades, grants and other honors
Looming competition isn't driving Allergan's desire to find more markets for its flagship Botox
Newport Beach-based chipmaker Conexant Systems Inc. on Monday said it has hired a chief executive to replace retiring Dwight Decker.
KB Home Ramping Up Condo Work; Projects Slated Here
Development at Tustin's Legacy Park is continuing as planned, despite last month's departure of former partner Centex Homes
Fletcher Jones Motorcars in Newport Beach has held its title as the second largest auto dealer in the nation, in the Marketplace column
The cell phone chip war seems to be tipping in Broadcom's direction
The price of an existing Orange County detached home took a 4.4% hit from April to May, while sales here remained slow, the California Association of Realtors said on Monday.
Anaheim-based DDi Corp., a maker of printed circuit boards, said Monday it's set to climb out of the red with better-than-expected results for the second quarter.
Apartment owner Bascom Group is venturing into office development, in the Real Estate column
Quiksilver could shed Rossignol's gear while keeping on its clothes
Labeltronix sticks it to some of OC's biggest companies, in the Small Business column
There was modest growth and/or activity in Orange County's market for manufacturing and warehouse space in the first quarter. PLUS: CHART - Net Absorption; Vacancy Rates; Average Asking Lease Rates
Cooper Cos. could see a boost from the growth in single-use contact lenses after the issues Advanced Medical Optics has had, in the Healthcare column
The founder of Glidewell Laboratories has bought an office building in Irvine that eventually could be part of a corporate campus
Vision Solutions said it bought its biggest competitor, in the Technology column
Business interests are playing defense in Sacramento as dozens of bills that could harm businesses have cleared a key deadline
Buena Park Prides on Normalcy; Projects Set for Built-Out City
With all the controversy surrounding subprime loans, one wonders who exactly is responsible for home foreclosures, in Viewpoint by JIM SINCLAIR
Unionized grocery workers rejected a proposed labor contract and authorized a strike against the major supermarket chains serving Southern California, it was reported late Sunday night.
The California Employees Retirement System owns about $500 million worth of OC's publicly traded companies
K2 Network is going on a global shopping spree for online video games with millions of Intel Corp.'s money
The pace of existing home sales in the United States was off slightly in May to a 5.99 million-unit annual rate, the National Association of Realtors said in a report on Monday that showed continued weakness in the housing sector.
Friday, June 22
Shares of Aliso Viejo's Smith Micro Software Inc. jumped Friday after an analyst said he expects the stock to double in the next year.
The credit rating of Irvine-based Freedom Communications Inc., parent of the Orange County Register, has been downgraded amid the newspaper slump and on the prospect of possible borrowing to buy out investors.
The U.S. International Trade Commission said Friday it denied Qualcomm Inc.'s request for a temporary hold on a ban it issued against the San Diego-based maker of chips for cell phones.
Bear Stearns Cos., trying to prevent the collapse of two of its hedge funds, may take over about $3.2 billion of the funds' loans to prevent creditors from seizing more assets, Bloomberg reported Friday.
Shares of giant private equity firm Blackstone Group LP surged more than 20% in their debut Friday, a day after pricing at the top of the initial public offering's forecast range.
Jones Apparel Group Inc. is near a deal to sell the Barneys New York high-end clothing chain for $825 million to Dubai's private equity firm Istithmar, The New York Times reported on Friday.
Thursday, June 21
Medical device maker Hologic Inc. said Thursday that it plans to buy BioLucent Inc., an Aliso Viejo-based medical device maker, for $70 million.
Blackstone Group LP, the largest private equity firm to go public, said on Thursday it raised $4.13 billion in an initial public offering priced at the top of a forecast range in the biggest U.S. IPO in five years.
Federal Reserve policy makers want to shift their emphasis away from current benign inflation to uncertainty about future price pressures, and are debating whether to stop calling inflation "elevated" in their policy statements, The Wall Street Journal re
Private equity firm Blackstone Group's initial public offering was about seven times subscribed, boosted by demand from Asia, the Middle East and Europe, the Financial Times reported on Thursday.
The $2.1 billion sale of Foothill Ranch's Oakley Inc. to Luxottica Group SPA of Italy brings together two companies that started the decade at odds with each other.
There's more legal woe in store for Irvine's New Century Financial Corp. The bankrupt subprime lender, which is in the process of selling off its assets and winding down operations, reportedly is being sued for $43 million by a group of ex-employees.
Dow Jones & Co. said on its board will take over negotiations related to a $5 billion takeover offer from Rupert Murdoch's News Corp., a move that could bring a quicker resolution to the talks.
Kansas City-based H & R; Block Inc. saw an $85.5 million loss for the quarter through April, driven by its Irvine subprime mortgage unit Option One Mortgage Corp.
Public TV station KOCE of Huntington Beach has settled a lawsuit filed by televangelist Daystar Television Network, which has sought to buy the station.
Aliso Viejo's Quest Software Inc., a maker of database management software, said Thursday it is buying a Florida software maker for $90 million.
Wednesday, June 20
Apple Inc.'s widely anticipated music and video playing iPhone will allow subscribers to wirelessly stream material from Google Inc.'s popular video sharing site YouTube, Apple said on Wednesday.
Donald Bren expanded his real estate empire Wednesday with the dedication of a building at the University of California, Irvine. This time around, it's his name on the building, not The Irvine Company's.
Wal-Mart Stores Inc. said on Wednesday that it intends to open 1,000 Wal-Mart MoneyCenters and launch a reloadable prepaid Wal-Mart MoneyCard, in a major expansion of financial services the retailer provides to its base of low-income customers.
France's Renault SA and Swedish truck maker Volvo AB could be interested in buying automaker Volvo, which has its U.S. headquarters in Irvine.
Nintendo Co. shot past Panasonic maker Matsushita Electric Industrial Co. in market value on Wednesday and closed in on Sony Corp. as investors watched it unseat Sony as unrivalled king of the game industry.
Tuesday, June 19
Home Depot Inc. has agreed to sell its supply division for more than $10 billion, sources close to the deal said on Tuesday.
Cleveland-based aerospace manufacturer Eaton Corp. has acquired Pulizzi Engineering of Santa Ana.
Irvine's Gateway Inc. said Tuesday it's recalling 14,000 batteries for its laptop computers because of possible fire danger.
Shares of Foothill Ranch-based Kaiser Aluminum Corp. jumped Tuesday on word it's expanding a Washington plant and could be a potential buyer of Alcan Inc.'s aerospace division.
Blackstone Group LP, the world's second-largest private equity fund, will price its much-anticipated initial public offering on Thursday, according to underwriter Morgan Stanley , roughly a week earlier than expected.
The pace of U.S. home construction fell 2.1% in May to a slightly lower rate than analysts had expected while building permit activity, a signal of future building plans, increased more than anticipated, a government report showed on Tuesday.
Monday, June 18
Handmade jewelry boutique Antiqua opened its first OC store at the Irvine Spectrum Center, in the Marketplace column
The Register's N. Christian Anderson III says he'll have his hands full with several different pushes, in the Media & Marketing column
UCI plans to use a $3.9 million grant to upgrade its stem cell research laboratory, in the Healthcare column
Mercedes-Benz of Anaheim is the third luxury dealership to go up in the county in a year
Acquiring the publisher of the Wall Street Journal might appear to run against Pearson PLC's current strategy of focusing on education, but a deal could mean the eventual sale of its Financial Times newspaper.
GOVERNMENT - A new round of disability rules is raising concerns for businesses, in Regulation Watch
Veteran financier Roger Kirwan has carved out another niche in the lending world
Venture capital firms in Orange County invested about $48 million into local startups 2006, according to this week's Business Journal list.
Iteris Inc., a maker of sensors and other traffic gear, has leased about 50,000 square feet in Santa Ana where it plans to move its headquarters from Anaheim.
With low vacancy levels, commercial rents are up. PLUS: CHART - Net Absorption; Vacancy Rates; Average Asking Lease Rates
IBM Corp. may acquire more software companies this year following two recent purchases as it tries to boost software's share of total IBM profit to 50%, according to analysts.
New Sheriff in Town: Carona Isn't Running; Surf City Cup Sighting
Advanced Medical Optics inadvertently shined an unflattering spotlight on users of its contact lens solution
Hamburger chain Wendy's International Inc. said on Monday it would explore the possible sale of the company instead of other restructuring options.
Irvine-based K2 Network Inc., which licenses video games from Asia and makes them available to U.S. players online, has raised $16 million in a second round of funding led by Intel Corp.'s venture capital arm.
There are several interesting things going on at the St. Regis Monarch Beach Resort & Spa, in the Executive Dining column
Economic development and activities in cities in and around OC, in Around the County
Standard Pacific's stock hit a nearly four-year low this month
Traffic gear maker Iteris is moving its headquarters to Santa Ana
Prime Healthcare Services' proposed buy of Anaheim Memorial Medical Center recently got a nod from a consulting firm
IBM's bid for Telelogic would be Big Blue's second big buy in Orange County in the past year
Irvine's tight market for medical offices is set to get more space near John Wayne Airport
A directory of commercial banks, thrifts, investment banks, equipment lenders, real estate lenders and independent SBA lenders
Anaheim retailer Pacific Sunwear of California Inc., which is in the midst of an on-again, off-again turnaround, got another vote of confidence from an analyst Monday.
Hedge funds bankrolled the latest performing arts center donation
Gateway International Holdings is moving from Anaheim to Tustin, in the Real Estate column
Qualcomm is not giving in without a fight during its running war with Broadcom, in the Technology column
Friday, June 15
Comments from Pacific Asset Management Co. boss Bill Gross and his new adviser, former Federal Reserve chairman Alan Greenspan, are credited with shaking up the Treasury bond market.
There is no good news for some the largest homebuilding companies. Against a backdrop of plunging sales and rising contract cancellations, there is little talk of a turnaround or a bottoming out of the housing market.
Brea-based subprime mortgage lender ResMae Mortgage Corp. has exited from bankruptcy protection, the company said on Friday.
Samsung Electronics Co., the largest memory chipmaker, said it would invest $3.5 billion in its 10-year-old U.S. chip plant by 2008 to produce flash memory chips.
A steady rise in food and energy costs pushed overall consumer prices up 0.7% in May, the sharpest gain in more than 1.5 years, but prices that strip out volatile food and energy barely edged up, the Labor Department said on Friday.
Orange County's unemployment rate held steady at 3.5% in May, the state Employment Development Department said Friday.
Thursday, June 14
Lake Forest's Western Digital Corp. and its rivals duked it out in the first quarter as competition heated up and prices fell on computer disk drives, according to a report.
Irvine-based subprime lender BNC Mortgage Inc., part of Lehman Brothers Holdings Corp., is set to close its 30 branches in the next 18 months and lay off nearly a quarter of its 1,700 workers in the next three months, according to reports.
Wall Street brokers Goldman Sachs and Bear Stearns said Thursday that persistent weakness in the subprime mortgage market weighed on second-quarter earnings.
Rating service A.M. Best Co. on Thursday affirmed its credit and financial ratings on First American Title Insurance Group, as well as the credit rating of parent Santa Ana-based First American Corp.
A hedge fund has called for the sale of Sunrise Senior Living Inc. citing problems with management and accounting at the large U.S. owner of assisted living and nursing homes.
Sanofi-Aventis shares suffered their biggest fall since 2002 after a U.S. health panel advised against approving its weight-loss pill Acomplia over concerns it may be linked to thoughts of suicide.
Wednesday, June 13
The Irvine Company has named Michael McKee as chief executive of the county's dominant real estate company.
The median price of an Orange County home rose $6,000 from April to May, but sales here continue to lag well below year-ago levels.
Santa Ana's Ingram Micro Inc., the top distributor of technology products, made a further move into consumer electronics with plans to buy Scottsdale-based DBL Distributing Inc. for $96 million.
Retail sales rose more than twice as much as expected in May, while import prices surged, adding to recent data suggesting the U.S. economy is recovering strongly after a slowdown in the first quarter.
Blackstone Group LP's much-anticipated initial public offering of its management company will occur during the week of June 25, underwriter Morgan Stanley said on Wednesday.
The Federal Reserve Board is weighing whether it should ban some mortgage lending practices that fueled the recent housing market boom, Fed governor Randall Kroszner told a panel of lawmakers Wednesday.
Tuesday, June 12
Countrywide Financial Corp., the largest U.S. mortgage lender, on Tuesday said it made 15% more home loans in May as the pace of refinancings increased, though the foreclosure rate doubled.
Irvine-based New Century Financial Corp. has replaced chief executive Brad Morrice along with the bankrupt subprime lender's head of loan production, the company said on Tuesday.
Ford Motor Co. confirmed Tuesday it is looking at options for Jaguar and Land Rover amid speculation the British brands with U.S. headquarters in Irvine are up for sale.
Internet search leader Google Inc. is trying to convince federal and state authorities that Microsoft Corp.'s Vista operating system is stifling competition as the high-tech heavyweights wrestle for the allegiance of personal computer users.
The Irvine Company has hired Ralph Grippo, formerly a senior executive at the Ritz-Carlton Hotel Co., to head up the Newport Beach-based company's resort properties division.
Irvine's Broadcom Corp. is paying up to $226 million for Global Locate Inc., a San Jose-based maker of global positioning system chips and software.
Lehman Brothers Holdings Inc., the nation's fourth-largest investment bank, said Tuesday robust stock trading and buyout business pushed second-quarter profit up 27% year-over-year.
Monday, June 11
Another Law Firm Lease, This Time for MetroCenter. Lyon Apartment Arm Makes $32M Santa Rosa Buy; Atherton-Newport Does $48M Vegas Sale
Hines' Michelson Tower First of Projects to Come. Developer expects to do $1 billion-plus in work here
Blackstone Group issued compensation details for the first time on Monday, disclosing in a filing that CEO Stephen Schwarzman received nearly $400 million last year and stands to make at least another $450 million after the private equity firm goes public
Sally Frame Kasaks has held the chief executive post a little less than a month, but she's already putting her touch on Anaheim-based Pacific Sunwear of California Inc.
Powerwave Sees Setbacks, Eyes Return to Profitability. Consolidation cuts customers; digesting acquisitions
Video game developer Foundation 9 Entertainment said last week it plans to split off one of its Canadian studios, in the Technology column
SMALL BUSINESS - EarthPack turns trash into cash, in the Small Business column
Edgy Volcom Joins Billion-Dollar Club. More stores selling clothes, European push behind stock run-up
Irvine homebuilder Standard Pacific Corp. reported worse than expected orders for new homes in April and May, though its California operations showed signs of improvement.
Advanced Medical Optics plans a relaunch of its recalled contact lens solution
Bank of America has started replacing ATMs with machines that automatically scan checks for deposit
Sanderson J. Ray's Big Desert Project; Candidate Jam-Up
Four Orange County companies made Fortune magazine's annual ranking of the 500 largest publicly traded U.S. companies this year.
Facing Competition, South County Holding Up. PLUS: CHART - Net Absorption; Vacancy Rates; Average Asking Lease Rates
Amp'd Mobile Inc.'s June 8 bankruptcy filing capped a spectacular rise for the edgy wireless phone company started in Orange County.
InSight Health Services takes its stock-for-debt plan to bankruptcy court, in the Healthcare column
French carmaker Renault on Monday denied a British media report that said it was a possible bidder for Ford's luxury UK car brands Jaguar and Land Rover.
IBM Corp. is expanding its Orange County empire by buying Swedish business software maker Telelogic AB, which has its U.S. headquarters in Irvine.
Much has been written showering accolades on Anaheim Ducks players, coaches, management and owners for the team's Stanley Cup success...
Upstart Sullen Clothing Mounts Push for Women's Line. Tilly's Turns 25, Adding Stores in California, Florida; More Six Flags Diners for Johnny Rockets
WaveTec Vision has raised $13 million in a second round of venture funding
Boutique Modern Romance Planning Own Clothing Line. Stores Open at Market Place, Spectrum Center; Wilson, Fletcher Make 'Mega Dealer' 100 List
The Anaheim Ducks' win over the Ottawa Senators in hockey's championship Stanley Cup Final has brought Samueli attention beyond what he's used to at Irvine chipmaker Broadcom Corp.
First American's push to expand beyond its mainstay title business has paid off on Wall Street
Salmon Swims in Pinot Noir for Event at Bluewater Grill. South Coast Plaza's Yearly Food, Wine Festival; Morton's Serving Up Stogies With Wine, Dinner
A slowdown in the United States' housing market may have knocked as much as one percentage point off annual growth, but does not seem to have affected consumer demand much, a top Federal Reserve official said on Monday.
Friday, June 8
Hines Interests LP just finished completion of the first office tower seen in Irvine in nearly a decade. Now comes the busy part.
Taiwan's TSMC and UMC, the two biggest contract chipmakers, posted a year-on-year fall in May sales on Friday but extended a recovery from their first-quarter lows, buoyed by rising demand for PCs and consumer gadgets.
Shares of Huntington Beach-based Quiksilver Inc. rose more than 7% in Friday trading, a day after the apparel and sports equipment maker reaffirmed earnings through October.
Irvine drug maker Allergan Inc.'s shares were downgraded Friday by a Morgan Stanley analyst, citing potential competition from Johnson & Johnson and Medicis Pharmaceutical Corp. for its wrinkle-reducer Botox and Lap-Band, an obesity fighter.
Eonomic growth should return to trend levels this year, and, with the job market still surprisingly strong, the biggest risk is still that inflation will not fall as expected, Chicago Fed President Michael Moskow said on Friday.
Regulators have begun a formal probe into stock option practices at Activision Inc., the No. 2 U.S. video game publisher, according to a company filing.
Thursday, June 7
Anaheim-based mall retailer Pacific Sunwear of California Inc.'s bounced back with a 6.4% increase in May same-store sales, prompting the company to affirm its guidance for the second quarter.
Retail chains on Thursday reported moderate May sales increases, as warmer weather fueled demand for seasonal items, like gardening and other outdoor goods, helping retailers rebound from their dismal April.
Biomet Inc. on Thursday accepted a sweetened takeover bid of $11.4 billion from a group of private equity firms after a influential shareholder advisory firm urged the orthopedic device maker's shareholders to reject a previous $10.9 billion offer.
The International Trade Commission moved Thursday to ban imports of cell phones with Qualcomm Inc.'s chips that were found to infringe a patent held by Irvine-based rival Broadcom Corp.
Anaheim-based mall retailer Pacific Sunwear of California Inc.'s bounced back with 6.4% increase in May same-store sales, prompting the company to affirm its guidance for the second quarter.
The Stanley Cup will spend time in the sun this summer after the Anaheim Ducks downed the Ottawa Senators 6-2 Wednesday to become the first modern-day West Coast team to win the 114-year-old NHL championship trophy.
Shares of CorVel Corp. rose more than 4% on Thursday after the Irvine healthcare service company posted strong results for the March quarter.
Time Warner Inc. said on Thursday it could see a complete separation of its majority owned cable services company in five years, but it had not made a decision yet.
Wednesday, June 6
ValueAct Capital Partners LP, a San Francisco hedge fund investor, has increased its stake in Santa Ana's Advanced Medical Optics Inc. to 9.9% from 7.3%.
Insurance company Prudential Financial Inc. said on Wednesday that it will shut down its institutional stock research and trading business, Prudential Equity Group, ending a rocky 26-year stay on Wall Street.
The Orange County Register named a new publisher Wednesday to take over for N. Christian Anderson III, who's run the county's dominant daily since 1999.
Countrywide Financial Corp., which has been criticized for overpaying top executives, on Wednesday mounted a defense against giving shareholders a say in setting compensation for Chief Executive Angelo Mozilo.
Dell Inc. will use partnerships and acquisitions to become more services-oriented, the Financial Times reported in its online edition on Wednesday, citing an interview with Chief Executive Michael Dell.
Brea-based subprime mortgage lender ResMae Mortgage Corp. has been cleared to re-emerge from bankruptcy as a unit of hedge fund Citadel Investment Group LLC.
Tuesday, June 5
Avaya Inc. said on Monday it agreed to be acquired by private equity firms TPG Capital and Silver Lake for $8.2 billion, the latest in a string of deals in the telecommunications-equipment industry.
The economy is set to grow at a sluggish pace in coming months but there are risks that elevated levels of inflation excluding food and energy may not recede, Federal Reserve Chairman Ben Bernanke said on Tuesday.
Los Angeles billionaire Ron Burkle has joined a union representing Dow Jones & Co. Inc. employees to try to formulate a counter-offer to a $5 billion bid for the company from Rupert Murdoch's News Corp., a union official said on Tuesday.
Valeant Pharmaceuticals International is selling plants in Puerto Rico and Switzerland in what the Aliso Viejo drug maker calls the last part of a long restructuring.
Advanced Medical Optics Inc. said Tuesday it plans to come back with a new formulation of its Complete contact lens solution that was voluntarily recalled nearly two weeks ago.
Sales of Anaheim Ducks jerseys and other merchandise have soared amid the hockey team's bid for the Stanley Cup.
Monday, June 4
The kids of executives and working professionals alike are driving business for private elementary schools in Orange County
The Melting Pot holds an Italian dinner for those fond of fondue, in the Executive Dining column
InstaMed has raised $6.5 million in a third round of funding
Amp'd Mobile Inc.'s bankruptcy filing late last week capped a spectacular rise for the edgy wireless phone company started in Orange County.
News Corp.'s Rupert Murdoch is expected to turn on the charm on Monday to reassure the family that controls Dow Jones & Co. that his $5 billion offer for the company won't undermine its flagship newspaper, the Wall Street Journal.
The county's airport area office market sustained its stable growth in the first quarter. PLUS: CHART - Net Absorption; Vacancy Rates; Average Asking Lease Rates
Last month saw Advanced Medical Optics on yet another news roller coaster ride
Private equity firms TPG Capital LLP and Silver Lake Partners are in a leading position to buy telecommunications equipment company Avaya Inc. for about $17 per share, The Wall Street Journal reported in its online edition on Monday.
Lexus surpassed Mercedes-Benz in April OC auto sales, in the Marketplace column
Newport Beach-based insurance broker Alliant Insurance Services Inc. is being acquired by Blackstone Group LP.
Allegiance Capital is OC's other bond investor
A real estate investor and developer that focuses on the biomedical sector just made a big local buy, in the Real Estate column
Shares of SenoRx, one of OC's newest public companies, got a boost late last month, in the Healthcare column
Contract electronics maker Flextronics International Ltd. said on Monday that it would acquire rival Solectron Corp. for $3.6 billion in cash and stock.
Action Sports Retailer's tweaks to its holiday show hit a note with attendees, in the Media & Marketing column
State regulators and local hazardous materials inspectors are looking to change the way they inspect thousands of businesses throughout the state, in Regulation Watch
WiSpry has hired the former chief executive of another chip hopeful
'Chicks' Ooh For 'Hunk'; Fullerton's Rising Fashion Star
WaveTec Vision Systems Inc., an Aliso Viejo-based medical device maker, has raised a $13 million second round of venture funding.
Western Digital predicts continued weak demand for hard drives during the current quarter, in the Technology column
A new real estate venture backed by George Argyros is targeting retail developments in Southern California
Friday, June 1
Employers showed a decent appetite to hire in May, boosting payrolls by 157,000, the most in two months. The unemployment rate held steady at 4.5%.
After three consecutive quarters of losses, homebuilder Hovnanian Enterprises Inc. says better management of its land inventory should allow the company to post a profit in the fourth quarter and for 2008.
Anaheim circuit board maker Multi-Fineline Electronix Inc. is awaiting a vote by shareholders of parent WBL Corp. before proceeding with plans to acquire an unwanted sister company.
Irvine-based Ista Pharmaceuticals Inc. on Friday said its ecabet sodium dry eye treatment was effective in a mid-stage trial and announced plans for a new test.
Lake Forest-based I-Flow Corp., maker of a targeted anesthesia device, has signed a pact with General Electric Co.'s GE Healthcare to look at using GE ultrasound gear to find the best placement of I-Flow's products in patients.
Shares of Dow Jones & Co., the publisher of The Wall Street Journal, soared Friday after its controlling shareholder, the Bancroft family, put the company on the auction block.