Stories for November 2007

Friday, November 30

Ingram Reaffirms Q4 Guidance

Santa Ana-based Ingram Micro Inc., the largest distributor of technology products, reaffirmed its fourth-quarter outlook on Friday and said business in new markets should offset a slowing U.S. economy.

Report: Banks, U.S. Near Deal to Freeze Subprime Rates

The Bush administration is close to agreeing on a pact with major financial institutions that would temporarily freeze interest rates on certain subprime loans, the Wall Street Journal reported Friday, citing sources familiar with the negotiations.

Motorola CEO Ed Zander To Step Down

Motorola Inc. said Friday that Ed Zander will step down as chief executive of the troubled cell phone maker on Jan. 1.

Former Broadcom Exec Formally Enters Plea Deal

A former executive at Irvine's Broadcom Corp. formally entered a plea deal in federal court Friday.

Emulex: $1.5M to UCI Engineering School

Costa Mesa's Emulex Corp., a maker of electronics for data storage networks, is set to give $1.5 million to the engineering school at the University of California, Irvine.

Wall Street Surges on Bernanke Remarks

Wall Street soared Friday, resuming this week's rally after Federal Reserve Chairman Ben Bernanke gave investors more reason to believe further interest rate cuts are on the way.

Thursday, November 29

Wet Seal Sees Profit Short of Expectations, Weaker Sales

Foothill Ranch-based mall retailer Wet Seal Inc. said Thursday it expects a profit short of Wall Street expectations for the current quarter as well as a decline in sales at stores open at least a year.

Fed: Economic Growth Eased as Home Demand Fell

Economic growth slowed in October and the first half of November as a glut of homes for sale pushed home prices down and tighter credit took some would-be buyers out of the market, the Federal Reserve said.

Home Foreclosures Soar 94%: RealtyTrac

Home foreclosure filings in October edged up 2% from September but at 224,451 were 94% percent higher than a year earlier, Irvine-based real estate data company RealtyTrac said on Thursday.

Designer BB Dakota Considering IPO, Sale

Irvine-based BB Dakota, a designer of trendy, affordable women's clothes, is looking to hire Newport Beach investment bank Roth Capital Partners LLC for a possible public offering or buyout.

New Century: $35B in Creditor Claims

Irvine-based New Century Financial Corp. has asked for a one-month extension to file a plan of liquidation with Delaware's bankruptcy court.

Fed Official Signals Willingness to Cut Rates

The Federal Reserve's second in command on Wednesday signaled a readiness to cut interest rates again, acknowledging that financial market turmoil could slow the economy and the central bank must be flexible.

Wednesday, November 28

October Existing Home Sales Fell 1.2%

Existing home sales fell 1.2% in October to a record low 4.97 million houses, according to a report on Wednesday that showed the downturn in the housing market was deepening.

Slumping Ceradyne Jumps on Order News

Costa Mesa-based Ceradyne Inc., a maker of body armor for soldiers, said it received $107 million and likely will get a new $400 million deal with the Army.

Oct. Durables Goods Orders Down for 3rd Month

New orders for long-lasting manufactured goods dropped for a third straight month during October and companies seemed wary about making new investments, a Commerce Department report on Wednesday showed.

Microsemi Buying Microwave Chipmaker's Assets

Shares of Irvine chipmaker Microsemi Corp. jumped Wednesday after the company said it agreed to buy the assets of a microwave chipmaker for $7.8 million.

Home Sales Down 42%, Prices Drop Relatively Flat

The price of an existing Orange County home remained unchanged from September to October, while sale volumes continued to decline, the California Association of Realtors said on Wednesday.

Beckman Buying Rest of NexGen Diagnostics

Fullerton-based Beckman Coulter Inc. said Wednesday that it bought the remaining 80% of NexGen Diagnostics LLC, a Southfield, Mich.-based company, for $36 million.

Report: Citigroup Spurns Bank of America Overture

Citigroup Inc. got a call from a prominent investment banker suggesting a combination with Bank of America Corp. as it was dealing with billions of dollars in mortgage-related losses and the departure of Chief Executive Charles Prince, the Wall Street Jou

Tuesday, November 27

Home Price Drop Largest on Record: S & P;

Prices of existing single-family homes slumped 4.5% in the third quarter from a year earlier, matching a record decline from the previous period as the housing downturn deepened, according to a national home price index on Tuesday.

Valeant Starting Another Trial of Key Epilepsy Drug

Valeant Pharmaceuticals International said Tuesday that it completed enrolling patients in a second third-phase clinical trial for retigabine, an epilepsy drug the company is looking to for growth.

Former Broadcom Exec Set to Plead Guilty

A former executive at Irvine's Broadcom Corp. is set to plead guilty to obstruction of justice as part of a federal investigation into stock options backdating at the chipmaker, according to several news reports.

EU Commission Delays Probe of IBM, Telelogic Deal

The European Commission put a hold on its probe of IBM Corp.'s bid to buy Sweden's Telelogic AB, a software maker which has its U.S. headquarters in Irvine.

First American Tries to Get New York Suit Thrown Out

Santa Ana-based title insurer First American Corp. has asked a federal court to throw out a lawsuit brought against it by the New York attorney general, according to Reuters.

Citigroup Selling $7.5B Stake to Abu Dhabi

Citigroup Inc. is selling up to 4.9% of itself for $7.5 billion to the Gulf Arab emirate of Abu Dhabi, giving the largest U.S. bank fresh capital as it wrestles with the subprime mortgage crisis and the resignation of its chief executive.

Consumer Confidence Hits 2-Year Low

Consumer confidence fell for a fourth straight month in November to its lowest in two years on concerns about rising gas prices and financial market volatility.

Monday, November 26

Report: Citigroup Planning Major Job Cuts

Citigroup, the No. 1 U.S. bank by assets, is planning major job cuts over the coming months, CNBC television reported on Monday.

NNN, Grubb & Ellis Deal Nears Close Amid Changed Market

Santa Ana-based real estate investor NNN Realty Advisors Inc.'s yearlong bid to go public is set to close amid a dramatically different commercial real estate market.

Hilton Hosts Holiday Charity Events, Adds Amenities

The holiday season is upon us, especially at Hilton Orange County/Costa Mesa, in the Executive Dining column

Developers Getting in on Rancho Cucamonga's Office Rush

A pair of local developers is getting in the retail and office building boom in Rancho Cucamonga

Real Estate Watch: Retail

The prediction of a "crash" in Orange County's retail market has not materialized. PLUS: CHART - Net Absorption; Vacancy Rates; Average Asking Lease Rates


Sales and leases of offices, industrial buildings, retail space and apartments

E*Trade Sale May Hinge on Mortgage Portfolio

Prospective buyers of online brokerage E*Trade Financial Corp. are haggling over the value of its weakening mortgage portfolio, the Wall Street Journal reported Monday in its online edition, citing sources familiar with the matter.

Economic Concerns Affecting Companies' IT Budgets in '08

Worries about the economy are affecting companies' tech budgets next year, in the Technology column

Family Business: Managing The Mix

Managing relationships in a family-owned business is important, in a Viewpoint

St. Regis Gets Fifth Diamond; Sheldon the Great

St. Regis Gets Fifth Diamond; Sheldon the Great


This past week's news from and other sources


A listing of events happening all around Orange County

NNN, Grubb Deal Set for Vote

NNN Realty Advisors Inc.'s yearlong bid to go public is set to close amid a dramatically different commercial real estate market

Inside Kingston

Kingston's founders treat their workers like a big, raucous family, in a Corner Office

Qualcomm vs. Nokia Patent Case Starts in Britain

The world's top mobile phone maker, Nokia, said on Monday it was confident it had not infringed the two technology patents chipmaker Qualcomm had sued it for in Britain.

India's Tata Could Be Preferred Bidder for Jaguar, Land Rover

India's Tata Motors Ltd. has emerged as the leading bidder in Ford Motor Co.'s $3 billion sale of Jaguar and Land Rover, which have their U.S. headquarters in Irvine.


Hirings, promotions and other moves at local businesses

Huntington Beach Aims to Move Retail on Major Streets

Huntington Beach is looking to change the Beach Boulevard and Edinger Avenue intersection by getting rid of stores that aren't performing well, in the Marketplace column


A look at people, companies and institutions receiving awards, accolades, grants and other honors

Mimi's Cafe Gives Parent Bob Evans a Bit of California Blues

Restaurant operator Bob Evans Farms Inc. served up some comfort food for investors with recent earnings,the sour spot, Mimi's Caf & #233;

White Barn Group Moves HQ to San Juan

The White Barn Group moved into new space in San Juan Capistrano, in the Media & Marketing column

Screen Printer Does Hannah Montana, Other T-Shirts

Absolute Screenprint knows how to put a celebrity's face on a T-shirt, in the Small Business column



Wayward Networking Device Maker Lantronix Seeking CEO

Irvine's Lantronix has worked its way out of hot water with regulators,now it's looking for a chief executive

Kroger Inks $207M, 30-Year Deal at Birtcher Center

The largest industrial lease in Southern California may have just been struck, in the Real Estate column

Former Allergan Exec Heads Eye Drug Startup

A Laguna Hills drug startup is setting its sights on the growing market for drugs to treat dry eyes, with a former Allergan executive at the helm

Another Cruel Month for Standard Pacific

The country's 11th-largest builder has seen a not-so-hot November

Marwit Capital Looks to Invest $183M Fund

A Newport Beach private equity firm is looking to step up investing of a $183 million fund

Apria To Fund Coram Purchase with Credit, Not Debt

Apria has nixed a debt offering it planned to use for its Coram buy, in the Healthcare column

Deep Blue Sea

Money would make the Ocean Institute's 30th anniversary even better

Glass Maker Shuttering Plant

One of the country's biggest glass makers is shutting down its Orange County plant after a pollution dispute with the South Coast Air Quality Management District couldn't be resolved.

Friday, November 23

Greenspan: Flexibility Curbs Recession Chances

Former Federal Reserve Chairman Alan Greenspan said on Friday that chances of a recession would be more than 50% if it were not for the remarkable flexibility of the economy.

Broadcom Settles for Smaller Qualcomm Damages

After a drawn out legal battle, Irvine chipmaker Broadcom Corp. is set to get nearly $20 million in damages from San Diego rival Qualcomm Inc.

Black Friday Off to a Frigid Start

The 2007 holiday shopping season kicked off on Friday with crowds of discount-mad shoppers, many braving the cold, snagging early bargains on one of the busiest shopping days of the year.

Freddie Credit Loss May Surpass Historic High

Freddie Mac's credit losses may surpass its historic high, if the mortgage market deteriorates more than what is forecast by the No. 2 mortgage finance company, Moody's Investors Service said.

South Coast Plaza Defies National Talk of Gloomy Black Friday

With all the economic news foretelling of consumers more strapped than they've been in a long time, I half expected the malls to be less crowded this year. Nope.

Wednesday, November 21

Advanced Medical Names President

Santa Ana-based Advanced Medical Optics Inc., a maker of eye surgery devices and contact lens solutions, has named a clear No. 2 to Chief Executive Jim Mazzo.

Recession Fears Spike Among Voters

The economic mood took a sharp turn for the worse over the past month, with 40% of Americans expecting a recession in the next year, according to a Reuters/Zogby poll released on Wednesday.

Report: Mortgage Losses Likely up to $300B

Overall losses from the mortgage market crisis could be up to $300 billion but financial firms and policymakers need to buy time to ensure an orderly work-out, the Organisation for Economic Cooperation and Development said on Wednesday.

Valeant Loses President, Key Recruit of CEO Tyson

Wesley Wheeler, president of Aliso Viejo's Valeant Pharmaceuticals International and a key recruit of Chief Executive Tim Tyson, is leaving to become the head of Patheon Inc., a Canadian drug maker.

Contact Lens Maker Cooper Settles With Novartis

Cooper Cos., which is moving to Pleasanton from Lake Forest, said Wednesday that it settled a patent infringement lawsuit with rival Ciba Vision, the eye care unit of Switzerland's Novartis AG.

More Consumers To Spend Less on Holiday

A growing number of consumers say they plan to spend less on gifts this holiday season than last year, according to a Reuters/Zogby poll, the latest sign of a potentially bleak Christmas for retailers.

Tuesday, November 20

Option One Woes Led to H & R; Block CEO's Exit

The subprime mortgage meltdown at Irvine's Option One Mortgage Corp. has claimed a high-profile causality: the chief executive of parent company H & R; Block Inc.

Pacific Sunwear: Results In Line, Progress at Core PacSun Chain

Anaheim-based Pacific Sunwear of California Inc. reported quarterly results that met or beat Wall Street expectations and offered an outlook for the current quarter in line with what analysts were expecting.

SEC Ends Quality Systems Probe With no Action

Irvine's Quality Systems Inc., a maker of healthcare software, said Tuesday that the Securities and Exchange Commission completed an investigation of stock trading at the company without recommending any action.

Freddie Mac's Q3 Loss Widens

Freddie Mac, the second-largest U.S. mortgage finance company, on Tuesday posted a wider third-quarter loss and missed analysts' estimates as a jump in failing loans forced it to set aside $1.2 billion.

Housing Starts Up, Building Permits Slump

Home construction starts were up 3% in October, the biggest monthly gain in eight months, but building permits were down 6.6% to a level not seen in 14 years, a government report showed.

Fed, Markets Sharply at Odds Over Economy

The Federal Reserve and financial markets seem to be sharply at odds over where the economy and interest rates are heading, and fresh Fed forecasts to be released on Tuesday are unlikely to bridge that gap.

Monday, November 19

Departing U.S. Attorney to Build White-Collar Niche for Snell

The man who's overseen some big local scandals has been tapped by Snell & Wilmer

QLogic Widens Lead in Rivalry With Emulex; Market Slowing

QLogic gained another notch over rival Emulex

Santa Ana Financier Out to Tap Home Equity for Mutual Funds

Santa Ana-based Equity Repositioning wants to put your house to work on Wall Street


Sales and leases of offices, industrial buildings, retail space and apartments

Industrial Market Outshines Office, Brokers See Slowing

Industrial Market Outshines Office, Brokers See Slowing

Sanuk Shoes Restructures with New Chief Exec, Design Team

A maker of beach sandals and other shoes has restructured in a bid to grow its business


Retail Has Rough Q3, Rates Still Competitive


Fundraisers and charitable donations from companies and people

Power Pair: Joe Dunn, Frankenstein; Elieff Does Disney

Power Pair: Joe Dunn, Frankenstein; Elieff Does Disney

Chemical Makers, Users Seeing New Source of Regulation

Chemical Makers, Users Seeing New Source of Regulation. Column by Howard Fine, Los Angeles Business Journal


Minneapolis, Boston, Chicago


Industrial Vacancy at Record Lows, Rents, Construction Are Up

CEO: Gateway Gaining Scale Under Acer

Gateway's adjusting to life under Taiwanese parent Acer

Epicor Pushing Past Off Quarters

Epicor's stock is telling of a rough patch

Anna's Linens Chain Planning Weekly TV Spots for Holidays

Anna's Linens is beefing up advertising for the holidays, in the Media & Marketing column

Banker Gordon's Next Task: Reviving Wounded Fremont

Stephen Gordon already has his first order of business for battered Fremont: damage control

L.A. Office Rents Keep Climbing, But Tenants Can Find Relief

L.A. Office Rents Keep Climbing, But Tenants Can Find Relief

Citigroup Faces $15 Billion Writeoff

Goldman Sachs & Co on Monday downgraded Citigroup Inc to "sell" from "neutral," and said the largest U.S. bank may have to write off $15 billion over the next two quarters as mortgage losses reduce earnings.

Skilled Healthcare Not Fazed By Slow Going

Newly public Skilled Healthcare isn't lighting any fires on Wall Street


There's something to be said about Columbus, Ohio, a notebook by Alisha Gomez

Sheriff Showdown

Three lawyers are preparing for the sheriff showdown


Hirings, promotions and other moves at local businesses

Boeing To Sell Anaheim Land, Leaseback Offices

MANUFACTURING: Boeing is close to selling off its land in Anaheim


HOLLYWOOD DISCONNECT. Commentary by KATHLEEN HOSTERT, OneLegacy's Community Partnerships Coordinator in OC.

South Coast Plaza Buildings Retrofitted To Be 'Green'

Some of the county's more prominent office buildings are going green, in the Real Estate column

Aging Population Spurs Growth in Medical Office Market

Aging Population Spurs Growth in Medical Office Market

Valeant Refocuses

Some on Wall Street are wondering what's next for Valeant


Projects, developments and other activity in cities in and around OC

Holiday Sales Outlooks Range From Tepid to Ambitious

Holiday sales could be a big ba humbug this season, in the Marketplace column


Seattle, Phoenix, and Las Vegas

Investor Ford Takes 6.8% Downey Stake

Billionaire investor Gerald J. Ford has bought a 6.8% stake in Newport Beach-based savings and loan operator Downey Financial Corp.

Aluminum Products Supplier Kaiser Posts Strong Q3 Profit, Beats Views

Chemical Makers, Users Seeing New Source of Regulation. Column by Howard Fine, Los Angeles Business Journal


Orange, Los Angeles, and Inland Empire counties

Impac Warns of Big Q3 Loss, Viability

Irvine-based Impac Mortgage Holdings Inc. said on Monday it expects to report a substantial third-quarter loss but is taking measures to "maintain the viability" of the beleaguered company.



Auto Sales Could Hit 15-Year Low

Three top investors in the automotive industry painted a grim picture on Sunday for the sector in 2008, with one executive predicting a possible slump in sales to levels not seen in 15 years.

Beckman Buying Cell Analysis Business

Beckman Coulter Inc., the Fullerton maker of medical testing instruments and equipment, said Monday that it's buying a business of Dako Denmark AS.

Pelican Hill Grill's First-Class Service Lives Up to Buzz

Pelican Hill Grill is the newest star on the dining block, in the Executive Dining column

Boeing Satellite Venture Awaits Critical Next Rocket Launch

Satellite launcher Sea Launch is at a pivotal point right now

Report: Allergan Testing Eye Drug for Longer Lashes

Allergan Inc., the Irvine-based drug maker, is reported to be testing its Lumigan glaucoma as a way to lengthen eyelashes, the Wall Street Journal reported in its online edition Monday.


Week's Best, Worst Performers; Roth OC50, Billion Dollar Club, OC Tech; Index Watch, 52-week Performance

New Boss Plans Sales Push at Scanning Software Maker

Irvine software maker Kofax Image picked up a chief executive from a competitor, in the Technology column

Nursing Home Operator Ensign Sees Tough Stock Debut

A nursing home operator saw a tough public debut, in the Healthcare column


New Space Added; In Spite of Vacancy, Rental Rate Spike

Demand Expected To Hold, Absorb Construction in San Diego

Demand Expected To Hold, Absorb Construction in San Diego

AT & T; May Bid for EchoStar by Year's End

AT & T; Inc. is trying to put together a bid for EchoStar Communications Corp. before the end of the year, whetted by the satellite operator's recent stock dip, according to Barron's.


A listing of events happening all around Orange County

Friday, November 16

Report: Google Gearing Up for Wireless Spectrum Bid

Google Inc. is gearing up to make a serious run at buying wireless spectrum in a Federal Communications Commission auction in January, the Wall Street Journal reported Friday in its online edition.

Subprime Paper Trail Proves To Be an Obstacle

As banks work to clean up some of the subprime mortgage mess, they are finding new obstacles in unraveling the massive paper trail used to pool individual loans into mortgage-backed securities.

Acacia Plunges on Court Loss to Microsoft

Newport Beach-based Acacia Research Corp. was dealt a big but rare court loss in a lawsuit against Microsoft Corp.

Goldman: Mortgage Crisis Could Cut Lending by $2 Trillion

The impact of the mortgage market crisis on the underlying economy could be "dramatic" as leveraged investors may need to scale back lending by up to $2 trillion, according to investment bank Goldman Sachs.

County Sees Subtle Monthly Job Gain, Flat on Yearly Basis

Orange County employment expanded in October from the prior two months but continues to flatline on a yearly basis, according to figures from the state's Employment Development Department.

Analyst Downgrades Microsemi on Decline in Chip Demand

Shares of Irvine chipmaker Microsemi Corp. slumped Friday after an analyst downgraded the stock on concerns about slowing orders.

Thursday, November 15

Apria Nixes Debt Offering

Apria Healthcare Group Inc. said Thursday it's canceling a $265 million debt offering because of weak demand for corporate IOUs.

Consumer Price Index Up 0.3%, as Expected

Consumer prices rose a brisk 0.3% in October, which was in line with expectations and driven by the sharpest rise in energy costs in five months, the government reported on Thursday.

Carlyle Exec Sees Lower Returns for Private Equity

Private equity is likely to see lower returns in coming years as it faces challenges including more costly debt, Carlyle Group cofounder David Rubenstein said on Thursday.

Barclays $2.7B Writedown Less Than Feared

Barclays PLC, Britain's third-biggest bank, unveiled a $2.7 billion writedown for losses on securities linked to the U.S. subprime housing crisis, less than was feared.

Broadcom: Another $1B Stock Buyback

Irvine chipmaker Broadcom Corp. is doubling down on its stock buyback. The company said Thursday it plans to spend another $1 billion buying shares, starting Monday until the end of the year.

Downey Slumps on Declining Assets, Bad Loans

Shares of Newport Beach-based savings and loan operator Downey Financial Corp., hit a seven-year low Thursday after it said its loan portfolio and deposits are shrinking.

Wednesday, November 14

Bear Stearns Sees $1.2B Q4 Writedown

Bear Stearns Cos. expects to write down $1.2 billion of mortgage investments in the fourth quarter, the company's chief financial officer said at a conference on Wednesday.

Dutch Court Dismisses Nokia Suit Vs. Qualcomm

A Dutch court dismissed Nokia's patent-licensing case against mobile technology provider Qualcomm Inc. on Wednesday, saying its jurisdiction was limited and that Nokia's complaint was too broad to give a reasoned decision.

October Retail Sales Up 0.2%

Retail sales rose a sluggish 0.2% in October, matching economists' expectations, as a housing downturn and steep oil prices constrained consumer spending, Commerce Department data on Wednesday showed.

Home Sales Log Another 40% Decline in October

The median price of an Orange County home was flat in October from September and down from a year earlier as sales continued to plunge.

Kaiser Aluminum Beats Estimates With Q3 Profit

Foothill Ranch-based Kaiser Aluminum Corp., a maker of aluminum parts for aerospace, auto and appliance makers, reported higher third-quarter profits Wednesday that beat Wall Street's expectations.

Luxottica Wraps Up $2.1B Oakley Buy

Italy's Luxottica Group SPA wrapped up its $2.1 billion buy of Foothill Ranch-based Oakley Inc. on Wednesday.

Tuesday, November 13

Countrywide Loans Drop 48%

Countrywide Financial Corp. on Tuesday said October mortgage loan volume fell 48% from a year earlier, but credit quality has begun to stabilize as the largest U.S. mortgage lender curtails riskier home loans.

Quest Beats Estimates With Initial Q3 Sales

Aliso Viejo's Quest Software Inc. reported initial third-quarter revenue that beat expectations from Wall Street on Tuesday.

Slow Housing Market Drags Home Depot Q3

Home Depot Inc. reported a 27% drop in third-quarter profits and revised its financial outlook Tuesday, saying a decline in earnings would be larger than expected as the housing market continues to deteriorate.

Impac Slumps on 'Technical Default' With Creditors

Shares of Irvine-based Impac Mortgage Holdings Inc. dropped as much as 20% in afterhours trading Tuesday, after the mortgage company said it was in default on loans worth more than $400 million.

Notorious Law Firm Looking at First American 401(k)

One of the most notorious law firms in the country is setting its sights on Santa Ana-based title insurer First American Corp.

Bank of America to Write Down $3B in Debt

Bank of America Corp., thre nation's second biggest bank, said Tuesday it will take a $3 billion debt-related writedown in the fourth quarter in more fallout from the housing and mortgage-lending slump.

Monday, November 12

Specific Media Plans IPO as Encore for $100 Million Funding

Specific Media had two options,be bought out or take $100 million in funding

Mom's Dream

The Business Journal and Cal State Fullerton named this year's Family Owned Business Award winners. Anna's Linens won the up and coming award

Banks Post Growth in Assets; Tough Going Looking Forward

Banks Post Growth in Assets; Tough Going Looking Forward

Second Spiers Launches Business from nZania Offices

The son of clothing veteran Ivan Spiers has started his own business

Muller Makes Over Irvine's Tower 17 Office High-Rise

One of Irvine's more distinctive high-rises got a new owner, in the Real Estate column


Alliance Imaging Buys Cancer Centers for $36M. Edwards Lifesciences Paying $27M for Devices From Johnson & Johnson's Ethicon Division


"Corteo" by Cirque du Soleil, through Dec. 23 at the Orange County Fair & Exposition Center, $55 to $90

Perfume Bay Loses Appeal on eBay Suit

Huntington Beach's Perfume Bay Inc. has lost its appeal on a trademark infringement case brought on by eBay Inc.

Consumer Electronics Fuel Increase in Sept. Chip Sales

Worldwide chip sales rose in September, in the Technology column

Maestro Carl to Stay in OC; Will Swaim's Backer

Maestro Carl to Stay in OC; Will Swaim's Backer

UnitedHealth Buy to Build on PacifiCare Gets Scrutiny

UnitedHealth is getting scrutinized over its latest buy, in the Healthcare column

Fremont Hires Stephen Gordon as Turnaround CEO

Santa Monica-based Fremont General Corp., which runs Brea's Fremont Investment & Loan, has hired a chief executive to help it get out from under a mess purred by subprime mortgages.


A look at people, companies and institutions receiving awards, accolades, grants and other honors

Image, Criterion Redo Distribution Deal

Image, Criterion Redo Distribution Deal

Rough Waters

Local Banks Seeing Tougher Times Toward Profitability; Startups Finding It Harder to Open

Jeweler's Legacy Lives On

Family Owned Business Award winners. Traditional Jewelers won the small business award

Orange Coast Mag Rehires Former Editor, Names Prez

Orange Coast magazine has brought back a familiar face, in the Media & Marketing column

Students Serve High Cuisine at Low Prices at 50 Forks

50 Forks offers an inviting atmosphere with bargain prices, in the Executive Dining column

Produce Supplier Has $40M in Sales, Eyeing Growth

Being picky is a good thing for Family Tree Produce, in the Small Business column

Syrian-Born Filmmaker Lands Investor, TV Star for Movie Debut

A filmmaker who took the long route to his profession now is debuting his first film

Real Estate Watch: Low-Rise Office Space

The low-rise office market in OC represents a diverse mix of properties. PLUS: CHART - Net Absorption; Vacancy Rates; Average Asking Lease Rates


Sales and leases of offices, industrial buildings, retail space and apartments

SunCal's Condo Hopes Fade; Disney Sticks to Plan for Citywide Vote

Walt Disney's opposition to homebuilding near its Anaheim theme parks may be the least of SunCal's problems in the city.

Allergan, Covidien Team Up to Market Lap-Band

Allergan Inc. of Irvine said Monday that it would co-promote its Lap-Band weight loss system with Covidien Ltd.

Drug Maker Ista Jumps on Trial Results

Ista Pharmaceuticals Inc., an Irvine eye drug maker, said Monday that a late-stage trial of its Xibrom drug to treat pain after cataract surgery met its main and secondary goals.

17th Street Spruced Up With Crosswalks, Landscaping

The 17th Street makeover in Costa Mesa is nearly done, in the Marketplace column

Airbus and Boeing Deals in Dubai top $83B

Airbus and Boeing Co. ensured 2007 smashes all records for plane sales as deals announced at the Dubai air show topped $82 billion on Monday, powered by demand from Gulf Arab states.


The modern world of bowling is meshing with the old school lanes


$100 Oil. Commentary by DENNY FREIDENRICH, founder of consulting firm First Strategies LLC in Laguna Beach


Hirings, promotions and other moves at local businesses

M-Flex Turning Leaf; Weans From Motorola

M-Flex is poised for a turnaround


This past week's news from and other sources

Blackstone Posts Q3 Loss on IPO Charges

Blackstone Group LP, one of the world's largest private-equity firms, reported a third-quarter loss Monday on charges related to its initial public offering this year, sending its share price tumbling.

IBM to buy Cognos for $5B

IBM said on Monday it would buy Canada's Cognos Inc. for $5 billion, snapping up the last major independent maker of business intelligence software.

Credit Debacle?

Credit unions not fretting over subprime crash; little tightening


Week's Best, Worst Performers; Roth OC50, Billion Dollar Club, OC Tech; Index Watch, 52-week Performance



Friday, November 9

Park Visitors Help Disney's Q4 Profit

More visitors at The Walt Disney Co.'s theme parks and growth at its ESPN cable channel helped the company's fourth-quarter profit climb 12%.

Sweet Sales, Sweet Deal

Brea-based Fresh Start Bakeries Inc. has added Santa Ana cookie maker Sweet Life Enterprises Inc. to its goody bag.

Nursing Home Operator Ensign Debuts Below Range

Shares of Mission Viejo-based nursing home operator Ensign Group Inc. debuted Friday below their already lowered price range.

Wachovia, Capital One Say Credit Conditions Worsen

The U.S. credit crisis deepened on Friday as Wachovia Corp reported a $1.1 billion loss on subprime mortgage-related debt in October, while Capital One Financial Corp said more customers are missing payments.

Merck to Pay $4.85B Vioxx Settlement

Merck & Co. said Friday it will pay $4.85 billion to end thousands of state and federal lawsuits over its painkiller Vioxx in one of the largest drug settlements ever.

Thursday, November 8

Wet Seal Oct. Sales Fall Short, Cuts Profit Outlook Again

Foothill Ranch-based mall retailer Wet Seal Inc. saw sales at stores open at least a year miss Wall Street's expectation and lowered its outlook for the second time for the quarter through October.

Broadcom Sees $40M in Quarterly Revenue From Verizon

Irvine chipmaker Broadcom Corp. is set to tack on an additional $40 million in royalty fees to its top line in the current quarter.

Cisco Shares Fall on Sluggish U.S. Orders

Cisco Systems Inc. shares fell more than 6% Thursday amid worry that fluctuations in U.S. business orders are hampering its growth.

William Lyon Homes Cuts Staff, Reports Q3 Loss

Newport Beach homebuilder William Lyon Homes Inc. said on Thursday it is cutting its staff by 25% this month, to realign the company for "expected future lower levels of volume."

Fed Chairman Sees Period of Slow Growth

Federal Reserve Chairman Ben Bernanke said Thursday that a host of economic problems, including the severe housing slump, will cause business growth to slow noticeably in coming months.

Pacific Sunwear: Oct. Sales Miss; Profit Outlook Upped Before Charges

Anaheim-based mall retailer Pacific Sunwear of California Inc. saw a drop in October same-store sales but upped its profit outlook for the recently ended quarter.

Retailers Report Sluggish October Sales

The outlook for the holiday shopping season grew bleaker Thursday after retailers announced disappointing October sales results due to consumers' ongoing worries about housing and higher energy prices.

Wednesday, November 7

Perfume Bay's EBay Appeal Denied

Huntington Beach's Perfume Bay Inc. has lost its appeal on a trademark infringement case brought on by eBay Inc.

NY Probes Fannie, Freddie Appraisals Roles: Sources

New York Attorney General Andrew Cuomo is expected to announce on Wednesday he is examining what role Fannie Mae and Freddie Mac might have played in an alleged scheme to inflate appraisals of home values, sources familiar with the investigation said.

Nationwide Health: Strong Q3, Ups 2007 Outlook

Nationwide Health Properties Inc., a Newport Beach-based owner of medical offices and other healthcare buildings, on Wednesday reported higher third-profits and upped its outlook for the rest of the year.

Beckman Renews Contracts Worth Nearly $100M

Fullerton-based Beckman Coulter Inc., a maker of instruments and supplies for medical testing and research, said Wednesday it renewed contracts worth $94 million annually with Georgia's MedAssets Supply Chain Systems, a buying group for 2,500 hospitals an

GM Posts Record Loss After $39B Charge

General Motors Corp. posted its largest quarterly net loss on Wednesday, reflecting a $39-billion charge related to unclaimed tax credits and a loss at its former finance subsidiary GMAC.

Toyota 2Q Profit Rises, Boosts Forecast

Booming overseas sales and a favorable currency rate helped send Toyota's first-half profit to a company record on Wednesday, and the world's No. 2 automaker raised its forecast for the full fiscal year.

Ex-UnitedHealth Chief Executive Settles With SEC

Getting former Chief Executive William McGuire to give back hundreds of millions of dollars in tainted stock options cures one of UnitedHealth's biggest headaches from its backdating scandal. But there are others.

Tuesday, November 6

Allergan Q3 Profits, Sales Up

Irvine-based Allergan Inc. reported higher third-quarter profits that met Wall Street expectations but said it sees fourth-quarter profit coming in just below what analysts had expected.

Laser Maker BioLase Plunges on Results, CEO Exit

Irvine-based BioLase Technology Inc.'s shares lost nearly half of their value on Tuesday after a widened third-quarter loss and the departure of its chief executive.

Monday, November 5

J-U Prez Makes Over Agency, Nabs Client, Plans More Hires

First a makeover, now a new account at J-U, in the Media & Marketing column

Edwards Paying $27M for Devices From J & J; Unit

Irvine-based heart valve maker Edwards Lifesciences Corp. is paying $27 million for heart surgery products from Johnson & Johnson's Ethicon unit.



MSC.Software Plunges on Weak Q3 Results

Shares of Santa Ana's MSC.Software Corp., a maker of simulation software used by manufacturers to test their designs, plunged Tuesday after the company reported third-quarter results that missed Wall Street's expectations.

Newer Products at Heart of Emulex's Strategy

Emulex's chief executive is making good on his diversification promise

Bingham McCutchen Nabs Lawyer for Life Science Practice

Bingham McCutchen has nabbed a Stradling, Yocca lawyer to head its West Coast healthcare practice


Project developments and other activity in cities across OC


This past week's news from and other sources

UBS' Smith, Team Manage $360M, Beat S & P; 500 for 6 of Past 7 Years

UBS' Smith, Team Manage $360M, Beat S & P; 500 for 6 of Past 7 Years

Counseling the Newly Rich

Merrill's Binder, Once a Goldman Star, Taps Psychologists, Philanthropy Advisers

Carona Drama Has Moxley Subplot; Return of Marty

Carona Drama Has Moxley Subplot; Return of Marty

Lexus Leading Luxury Auto Registrations

Lexus led the luxury pack in OC in the third quarter, in the Marketplace column Improves Sales with Revamped Site, TV Show is seeing a sales boost after redesigning its Web site and starting a TV show, in the Technology column

Buchanan Street Aiming for $1B Fund, Triple Managed Assets as Part of TCW

Buchanan Street Partners' sale late last month to Los Angeles-based TCW stands to bring the company into the billion-dollar club of real estate investing

Analysts: More Troubles for Struggling Standard Pacific

Standard Pacific recently made a big push for home sales,but it's still facing a slew of challenges

Real Estate Mogul

Marshall-Pence Does Stocks, Bonds, But Half of Clients in Real Estate

Miso Manufacturer Sets Up Irvine Shop

Japan's largest miso manufacturer is opening its first American factory in Irvine this December


Sales and leases of offices, industrial buildings, retail space and apartments


Week's Best, Worst Performers; Roth OC50, Billion Dollar Club, OC Tech; Index Watch, 52-week Performance


Hirings, promotions and other moves at local businesses



Schwarzenegger Vetoed Many Bad-for-Business Bills

Businesses should be happy,the governor rejected all of the high-priority "job-killer" bills, in Regulation Watch

Bullock of Merrill Lynch Manages $400M for Execs, Business Owners

Bullock of Merrill Lynch Manages $400M for Execs, Business Owners


Executive Meetings and Travel Guide

Engineering Portfolios

Smith Barney's Johnston Studied Engineering, Now Invests for Tech, Other New Millionaires

Cash-Out Investing

Merrill Duo Focuses on Entrepreneurs Who've Sold Off Their Businesses


"Augie's Quest: One Man's Journey From Success to Significance." Book by Augie Nieto, T.R. Pearson.

Lennar Halts Condo Construction, Sales

Home sales at Lennar's Central Park West development are being halted until the market shows signs of a recovery

Developers Say New Homes could Be Less Expensive

The next generation of local homes is likely to see a few changes, in the Real Estate column

Balancing Act

Smith Barney's Linzmeier Sees 10% Yearly Returns

Device Makers Gather for Recent Scientific Symposium

Local device makers were highlighted at a recent symposium, in the Healthcare column

IAC/InterActive Corp. to Spin off Four Units

Internet conglomerate IAC/InterActiveCorp. will spin off four of its biggest divisions, including the HSN cable shopping network, and retain 30 of its fastest-growing businesses to better capitalize on the growth of Web services.

Her Calling

UBS' Harmon: Financial Adviser, Plus a Karate Black Belt

The Aftermath

Wildfires - Insurers Seeing Hundreds of Claims; Damage Still Being Calculated

Citigroup Seeks CEO, Takes More Losses

Citigroup Inc. shareholders may have finally gotten what they wanted & #226; & #128;"the resignation of Chairman and Chief Executive Charles Prince & #226; & #128;"but Wall Street's worries are far from over.

Brokerages Post Sales Gain, Brace for Decline from Subprime

Brokerages Post Sales Gain, Brace for Decline from Subprime

Santa Ana's City Place Redefines Lifestyle Center Idea

Lifestyle centers are bumping up the standards for traditional malls

Cos. Bracing for Workers' Comp Hike; Outsourcing Alternative?

Cos. Bracing for Workers' Comp Hike; Outsourcing Alternative?

Mission Inn, Las Campanas Good for a Quick Recharge

Las Campanas Mexican Cuisine & Cantina in Rancho Cucamonga is worth the drive, in the Executive Dining column


Fresh Start Bakeries has added Santa Ana cookie maker Sweet Life Enterprises to its goody bag

Big in Mainframes, Unisys Eyes Sleek Servers

Unisys' Mission Viejo unit is the heart of a turnaround effort at the company

Circuit Board Maker M-Flex Jumps on Earnings

Shares of Anaheim's Multi-Fineline Electronix Inc., a maker of flexible printed circuit boards for cell phones and other devices, jumped Monday after the company reported better-than-expected quarterly results.

PetroChina First Firm Worth $1T

PetroChina became the world's first company worth more than $1 trillion on Monday, surging past Exxon Mobil as the Chinese oil producer's shares nearly tripled in their first day of trading in China.


WILDFIRE FUNDRAISING SPECIAL EDITION - Fundraisers and charitable donations from companies and people

Rank and File

Haussmann Manages 401ks for Workers at AT & T;, Boeing, Honda

Top Financial Advisers, 11 - 30

The rest of the Top 30 OC Financial Advisers

Following Footsteps

Uncle's Shoes Spurred UBS Adviser Foster

Real Estate Watch: High-Rise Office Market

High-rise office vacancy is on the rise in OC. PLUS: CHART - Net Absorption; Vacancy Rates; Average Asking Lease Rates

Alliance Imaging Buys Cancer Treatment Centers

Anaheim-based Alliance Imaging Inc., a provider of medical scanning services to hospitals and doctors offices, is paying $36 million for eight cancer treatment centers.


A listing of events happening all around Orange County

Ensign Group Could Go Public This Week

Ensign Group Inc., a Mission Viejo-based nursing home and rehabilitative care company, is set to go public this week.

Friday, November 2

Cigna Quarterly Profit Rises 22%

Health insurer Cigna Corp. said Friday its third-quarter earnings rose 22% on increased premiums and fees, but shares fell about 5% when the company's forecast for next year disappointed Wall Street.

Payrolls Grow by Strong 166,000 in Oct.

Employers boosted payrolls by a surprisingly strong 166,000 in October, the most in five months, an encouraging sign that the nation's employment climate is holding up relatively well against the strains of a housing collapse and credit crunch.

Western Digital Upgraded Day After Earnings Report

Shares of Western Digital rose nearly 10% a day after the Lake Forest-based disk drive maker reported earnings that Wall Street favored.

Chevron Q3 Profit Falls by More Than $1B

Chevron Corp.'s third-quarter profit plunged even further than analysts feared, driven by the second largest U.S. oil company's inability to recover its higher refining costs at the gasoline pump.

Santa Ana's City Place Redefines Lifestyle Center Idea

They're cuter. Smaller. And generally more fun. And for years, traditional malls have been trying to evolve to keep up with them.

Parker Aerospace Expands Through Acquisition

Irvine-based Parker Aerospace is set to expand operations with the addition of Florida's Shaw Aero Devices Inc.

Thursday, November 1

Sprint Quarterly Profit Falls on Subscriber Losses

Sprint Nextel Corp.'s profit fell 77% in the third quarter as it lost more subscribers, and it warned of continued weakness in the fourth quarter.

Foreclosure Filings Soar in Q3

A soaring number of U.S. homeowners struggled to make mortgage payments in the third quarter, with properties in some stage of foreclosure more than doubling from the same time last year, Irvine-based RealtyTrac Inc. said Thursday.

First American Q3 Profit Drops, Unit Faces Lawsuit

Santa Ana-based First American Corp. on Thursday said its third-quarter profit dropped 48%, due to declining revenue in its core title insurance business.

Valeant Disappoints, Selling off Drug

Aliso Viejo drug maker Valeant Pharmaceuticals International reported a third-quarter loss--the reverse of Wall Street's expectations--and said it plans to sell off a hepatitis C drug.

Online Ad Company Specific Media Raises $100M

Irvine online advertising startup Specific Media Inc. said Thursday it landed about $100 million in funding--easily the biggest financing deal in Orange County this year.

Telescope Maker Meade Cutting Jobs

Irvine-based Meade Instruments Corp., a telescope maker, on Thursday said it is closing its local manufacturing facility and consolidating operations with Chinese and Mexican facilites.

GMAC Posts $1.6B Loss

GMAC, the finance company once controlled by General Motors Corp., reported a $1.6 billion third-quarter loss on Thursday as falling housing prices and capital market disruptions caused losses to hemorrhage in its home lending unit.