Stories for July 2008
Thursday, July 31
General Motors Corp. is in talks with Indian automaker Mahindra & Mahindra Ltd. and automakers in Russia and China about selling its Hummer brand, sources familiar with the matter said.
Irvine-based Standard Pacific Corp. posted another big loss in the second quarter, although Wall Street appeared unfazed by the latest earnings release from the struggling homebuilder.
Bristol-Myers Squibb Co. has offered to buy ImClone Systems Inc. for $60 a share, valuing its biotech partner at $5.2 billion, in a deal that would give it greater control of the cancer drug Erbitux.
Shares of Santa Ana-based First American Corp. were up nearly 12% at close of trading Thursday, after the title insurer and business information company reported better than expected second-quarter earnings.
Exxon Mobil Corp. said on Thursday soaring oil prices pushed its second-quarter earnings up 14%, again breaking its own record for the highest-ever profit by a U.S. company.
Wednesday, July 30
Shares of MetLife Inc. fell more than 5% on Wednesday, a day after the largest U.S. life insurer reported lower quarterly earnings and cut its 2008 profit forecast.
Lake Forest-based home healthcare provider Apria Healthcare Group Inc. released partial second-quarter results Wednesday but delayed final figures because of a possible accounting issue.
Allergan Inc. on Wednesday reported second-quarter profits in line with Wall Street expectations and sales that beat them.
GMAC and Ford Motor Credit disclosed steps on Tuesday to cut back on auto leases in a move that leaves automakers facing the risk of even more pressure on auto sales already at decade lows.
Mission Viejo-based U.S. Education Corp. is being bought by vocational school operator DeVry Inc. of Illinois for $290 million, the companies said Wednesday.
The U.S., European and Swiss central banks on Wednesday extended liquidity offerings to stressed banks and securities firms to ease credit strains that have weighed on the global economy for nearly a year.
Alliance Imaging Inc., which recently moved to Newport Beach from Anaheim, said Wednesday it bought another provider of medical scanning services for $20 million in cash and debt.
Tuesday, July 29
Starbucks Corp. said on Tuesday that it would cut 1,000 jobs as it tries to overhaul its business, and the head of its international business is leaving the company.
Prices of single-family homes plunged at a record pace in May from a year earlier, with each of the 20 regions monitored showing annual declines for a second month, according to the Standard & Poor's/Case Shiller home price indexes reported on Tuesday.
Alcatel-Lucent ousted its chairman and chief executive on Tuesday and cut its sales growth expectations yet again, which investors took as a sign the French-American group was continuing to lose market share.
Shares of Santa Ana's TTM Technologies Inc., a contract circuit board maker, plunged Tuesday after the company gave an outlook for the current quarter that fell short of analysts' expectations.
Irvine's Lantronix Inc., a publicly traded maker of networking gear, cut 28 jobs as part of its ongoing restructuring plan.
Jazz Technologies Inc., the parent of Newport Beach based contract chipmaker Jazz Semiconductor, narrowed its losses in the second quarter.
Shares of Irvine eye drug maker Ista Pharmaceuticals Inc. fell nearly 20% Tuesday after an analyst downgraded the company on concerns about it running out of money.
Monday, July 28
Fremont General is being sued for a $4 million sale of Ansel Adams prints
Hyundai Motor America has launched a Hispanic advertising campaign, in Media & Marketing column
Standard Pacific is consolidating more of its operations in California, in the Real Estate column
The parent of Lake Forest construction and engineering company ARB Inc. is set to go public this quarter via an unconventional route.
The Bush administration on Monday plans to project the budget deficit will soar to a new record of nearly half a trillion dollars in fiscal 2009 as the economic outlook darkens and Americans elect a new president.
Johnson & Johnson is trying to disrupt Allergan's reign over the wrinkle-reducing drug market, in the Healthcare column
The real estate and mortgage slump has pummeled three of OC's larger publicly traded companies
Verizon Communications Inc. posted a higher-than-expected quarterly profit on Monday on strong wireless sales and improved margins, offsetting a fall in landline users.
A review of St. John Knits' 2009 spring collection
OC's largest minority-owned businesses saw solid growth in 2007, but that may be changing
Stocks fell on Monday as investors worried that the financial sector may be hit by more credit losses, while a rise in the price of oil revived concerns about inflation and consumer spending.
Bausch & Lomb is focusing on Orange County as the hub of its surgical eye business
Tattoo Potion has found a niche market in skincare products for people with ink, in the Small Business column
Mortgage Brokers, Lenders Focus on FHA Loans, Refinancing
Big 2008 StartFor Honda Center; Ritz Owner Arrested
Blizzard Entertainment is set to launch a Latin American version of "World of Warcraft," in the Technology column
Smurfit-Stone Container is closing its Fullerton site for a more modern plant in Cerritos
Los Angeles County is seeing a split between buyers' and sellers' expectations about the office market. PLUS: CHARTS - Net Absorption; Vacancy Rates; Average Asking Lease Rates
Microsemi has struck a deal to buy local rival Semicoa Semiconductors for $25 million
TV vans and reporters gathered outside First Heritage Bank in Newport Beach Monday morning after it was seized last week by the Federal Deposit Insurance Corp. for being undercapitalized.
Power Honda Costa Mesa is one of three dealers in the nation leasing the hydrogen-fueled Honda FCX Clarity, in the Marketplace column
Friday, July 25
Sales of newly constructed single-family homes were stronger than expected in June, and inventories shrank to three-and-a-half-year low, a government report showed on Friday, providing a glimmer of hope for the beaten-down housing market.
Santa Ana-based Grubb & Ellis Co. has rejected former chairman Tony Thompson's request for a board seat on the slumping real estate company.
Consumer sentiment recovered from early 1980s lows in July as Americans received tax rebate checks from the government but remained pressured by high gasoline prices and falling home values.
The price of an existing Orange County home rebounded by 7% in June from May, but remained far below its year-ago median price, the California Association of Realtors said on Friday.
Costa Mesa-based body armor maker Ceradyne Inc. reported second-quarter profits ahead of Wall Street estimates and refined its outlook for the rest of the year based on better forecasting of Pentagon contracts.
Honda Motor Co.'s quarterly earnings handily beat market estimates but it cut its annual profit and global car sales forecasts as it battles with rising costs for raw materials and a crumbling U.S. auto market.
Two technology stocks were hammered by investors Friday on concerns about poor outlooks for the current quarter and tougher industry conditions.
Beckman Coulter Inc. on Friday posted a higher-than-expected second-quarter profit.
Thursday, July 24
Aliso Viejo's Datallegro Inc., a reseller of servers loaded with its database software, is set to be bought by Microsoft Corp.
Shares of Broadcom Corp. plunged Thursday on investor concerns that the Irvine chipmaker might not have as much firepower behind it in ongoing sparring over patents with rival Qualcomm Inc.
Lake Forest-based disk drive maker Western Digital Corp. on Thursday reported results for the June quarter that beat expectations.
Shares of Santa Ana's Ingram Micro Inc., the top distributor of technology products, software and consumer electronics, fell before leveling out on Thursday after the company gave a cautious outlook for the third quarter.
Ford Motor Co. posted a record $8.7 billion quarterly loss on Thursday as it wrote down the value of slumping truck and SUV operations and revamped plans in a bid to break its reliance on the gas-guzzlers that have been its franchise vehicles for a decade
Jobless claims jumped last week and the pace of existing home sales tumbled to a 10-year low as slowing growth hit hiring and a glut of unsold homes weighed on the real estate market, data on Thursday showed.
Newport Beach-based savings and loan operator Downey Financial Corp. reported a big second-quarter loss on Thursday as its mortgage struggles prompted more executive changes and the hiring of an investment bank to explore its options.
Regional bank National City Corp. posted a $1.76 billion second-quarter loss on Thursday, hurt by soaring mortgage and real estate construction loan losses and a write-down for acquisitions.
Wednesday, July 23
President George W. Bush on Wednesday dropped a threat to veto a housing rescue bill, clearing the way for measures meant to shore up the worst home market since the Great Depression.
General Motors Corp. trailed Japanese rival Toyota Motor Corp. in global vehicle sales decisively through the second quarter and first half of the year, hurt by a large decline in North America.
Shares of Irvine chipmaker Broadcom Corp. continued falling Wednesday on concerns about higher expenses eating into profits in the current quarter.
TechSpace just signed one of the biggest office leases seen in OC this year
ConocoPhillips said on Wednesday second-quarter operating earnings rose 13% as record crude prices propelled profits from its oil and gas production business, but sapped results at its refining business.
Shares of Santa Ana-based Corinthian Colleges Inc. got a boost on Wednesday after a Lehman Brothers analyst raised his price target on the vocational school operator's stock on expected enrollment growth.
Tuesday, July 22
Edwards Lifesciences Corp. said Tuesday that its second-quarter profit rose 14%, beating Wall Street expectations.
Rockwell Automation Inc. said on Tuesday third-quarter profit fell 7.1% and cut its earnings forecast, citing weakening demand in the U.S. and Europe for its products, which help factories run more smoothly.
Shares of QLogic Corp., an Aliso Viejo-based maker of electronics for data storage networks, were up about 9% at close of trading Tuesday, a day after reporting quarterly results and an outlook for the current quarter that beat Wall Street's expectations.
United Parcel Service on Tuesday reported an in-line profit that was hit by fuel costs and a weak economy, but the package delivery company's shares rose more than 3% as analysts said it was performing well despite multiple challenges.
Wachovia Corp. led several large U.S. banks in posting weak second-quarter results on Tuesday, as soaring losses from mortgages and other debt led to large write-downs.
Monday, July 21
SEC Study on Sarbanes-Oxley Expected Soon, Small Businesses Affected
The outlook for Emulex is looking a little dimmer these days, in the Technology column
Shares of Newport Beach chipmaker Mindspeed Technologies Inc. jumped Monday after the company said it got $10 million for selling some patents.
Costa Mesa-based Volcom Inc. has acquired Laguna Surf & Sport, which sells Volcom clothes at its Laguna Beach and Aliso Viejo stores.
The Inland Empire's office and industrial markets are stable, but slowing. PLUS: CHARTS - Net Absorption; Vacancy Rates; Average Asking Lease Rates
A big acquisition at Epicor three years ago planted the seeds for startup M2 Technology Partners
Top Linksys execs think globally but still want autonomy from parent Cisco
Orange Coast Chrysler Jeep Dodge is consolidating, in the Marketplace column
Bank of America Corp. on Monday reported quarterly profit that fell less than expected, causing shares of the largest retail bank and mortgage lender to soar despite a surge in bad loans.
Blue C Advertising has rolled out a new campaign for OC-based Wahoo's Fish Taco, in Media & Marketing column
A profile on an Irvine-based lifestyle brand that's getting some buzz in surf and skate circles
OC's Rickenbacker guitars have been made famous by the likes of the Beatles, the Who and U2
Big Brothers Big Sisters of Orange County marks its 50th anniversary
Grubb & Ellis's healthcare unit is on a buying binge, in the Healthcare column
Worldwide Lending is looking to cater to Americans buying homes in Mexico and hopes to bundle mortgages for Wall Street
The second quarter wasn't as bad as some OC office landlords had feared
Swiss drugmaker Roche Holding AG offered to acquire all outstanding shares in its U.S. partner Genentech Inc. for $43.7 billion in cash to reinforce its position in cancer medicines.
OC's industrial market still counts a remarkably low vacancy rate, in the Real Estate column
Santa Ana-based hospital operator Integrated Healthcare Holdings Inc. is raising about $11 million in a stock sale with the proceeds set to go to pay down debt.
A local maker of luxury appliances has a new chief executive and four lieutenants
Collapse of Big Companies Creates More Scrutiny on Outside Auditors, Internal Management
Boeing and Northrop Grumman are battling it out for a $35 billion contract for fuel tankers
Yahoo Inc. will appoint activist investor Carl Icahn and two of his nominees to its board, settling a proxy battle and making an immediate transaction with Microsoft Corp. less likely.
Friday, July 18
Orange County's office landlords weren't popping champagne over the second quarter. But they weren't drowning their sorrows either.
Irvine-based Allergan Inc. logged a win in a battle over what could be its next big medical cosmetic product: a drug that promotes the growth of eyelashes.
Citigroup Inc. posted a smaller-than-expected quarterly loss, despite $11.7 billion of write-downs and credit losses tied to deteriorating capital markets and a slumping economy.
Merrill Lynch & Co. posted a much larger-than-expected $4.89 billion quarterly loss on Thursday after writing down soured debt, and unveiled plans to sell billions of dollars of assets, including a part of its lucrative brokerage business, to shore up cap
Teva Pharmaceutical Industries, the world's largest generic drug company, said on Friday it would buy rival Barr Pharmaceuticals Inc. for $7.46 billion to expand its leadership in the U.S. market and fortify its presence in Europe.
Yearly job losses in the county broke the 25,000 mark in June, according to the state's Employment Development Department.
Thursday, July 17
JPMorgan Chase & Co. said on Thursday that second-quarter profit fell more than 50%, hurt by $1.1 billion in write-downs at its investment bank, but the results beat expectations and its shares rose nearly 5%.
Beaten down shares of Newport Beach-based Downey Financial Corp. rose 75% on Thursday, but not necessarily on the expectation that things could be getting better for the savings and loan operator.
Brushing aside surging energy and metals costs and a slowing economy, several top manufacturers reported better-than-expected profit on Thursday, in some cases raising their full-year targets.
Seal Beach-based Clean Energy Fuels Corp., an operator of natural gas fueling stations that's backed by T. Boone Pickens, said Thursday it was awarded $3.6 million from air quality regulators to help open more stations.
Online retailers cannot afford to raise shipping prices. The high cost of fuel is hurting the wallets of American consumers and businesses alike, but online retailer Amazon.com Inc and others will likely forgo shipping price increases on its discount prog
San Clemente-based medical device maker ICU Medical Inc. reported a big gain in second-quarter profits that met Wall Street expectations, but slowing sales to the company's dominant customer held revenue flat.
Wednesday, July 16
Wells Fargo & Co., the fifth-largest U.S. bank, reported surprisingly strong quarterly results and raised its dividend, easing investor fears about mortgage losses and causing its shares to soar on Wednesday.
Inflation accelerated in June to its fastest rate since the aftermath of Hurricane Katrina in 2005 while workers' earnings slumped, compounding the stagflationary dilemma facing the Federal Reserve.
AMR Corp., parent of American Airlines, and Delta Air Lines reported large quarterly net losses on Wednesday, blaming rising jet fuel prices that have forced widespread industry downsizing.
The jet leasing arm of Newport Beach-based insurance company Pacific LifeCorp said Wednesday it has ordered 15 of Boeing Co.'s next generation 737-700s.
Orange County's median home price increased $10,000 in June, the first time prices here have gone up since November.
Irvine accounting services company Resources Connection Inc. saw its shares jump nearly 10% in afterhours trading after posting quarterly results that surpassed Wall Street expectations.
Newport Beach's Squar, Milner, Peterson, Miranda & Williamson LLP, the largest accounting firm based in Orange County, has acquired Thomashow, Brown & Paialii LLP of Los Angeles.
Shares of Western Digital Corp., the Lake Forest-based maker of disk drives, slumped Wednesday on signs that its top rival, Scotts Valley-based Seagate Technology LLC, is struggling.
Tuesday, July 15
General Motors Corp. on Tuesday announced a plan to cut costs by $10 billion, suspend its common stock dividend and sell up to $4 billion in assets in a bid to shore up cash to survive a deep industry slump.
The Treasury Secretary could make greater progress toward a safer financial system by putting Fannie Mae and Freddie Mac into federal receivership, the Wall Street Journal said on Tuesday.
The University of California, Irvine said Tuesday it raised a record $130 million from donations and grants during the 2007 and 2008 school year.
A weakening housing market, strained banking system and rising oil prices threaten the economy, and restoring financial market stability is a top priority, Federal Reserve Chairman Ben Bernanke said on Tuesday.
Shares of Irvine's Microsemi Corp. rose Tuesday after the company bought local rival chipmaker Costa Mesa-based Semicoa Semiconductors for $25 million in cash.
Lake Forest-based electronics maker Comarco Inc. is selling its business making and servicing emergency roadside call boxes for about $3 million in cash.
Monday, July 14
Ingram Micro's razor-thin distribution profits have the electronics distributor in a new line of business
Some big office furniture dealers have tapped Valentine Woodworks for their manufacturing, in the Small Business column,
Former Kia Motors America CEO Len Hunt was surprised by his February dismissal
Brewer Anheuser-Busch Cos. accepted a sweetened $52 billion takeover bid from Belgium-based InBev NV to create the world's largest beer maker and end a month-long standoff.
Research and development buildings saw a relatively steady 2007. PLUS: CHARTS - Net Absorption; Vacancy Rates; Average Asking Lease Rates
Irvine-based auto financier, Consumer Portfolio Services Inc., announced Monday that it has taken an additional $15 million in financing to add to the $10 million it received earlier this month.
Builders Say Recycled Materials Still Expensive, Hard to Find, But Times Are Changing
Baron Davis Joins Irvine Team, Too; Harley's Wild Ride
Sheppard Mullin Richter & Hampton has added two lawyers to its intellectual property practice
A group of glamorous but unknown models are the new faces of St. John Knits
Ceradyne Pays Up To $125M For Chip Equipment Maker
A look at people, companies and institutions receiving awards, accolades, grants and other honors
Office Landlords, Builders in Competition for Tenants
Shareholders of Newport Beach's TriZetto Group Inc. voted to approve the company's acquisition by private equity firm Apax Partners Inc.
Gunning for the Ugly Right. A business lawyer talks about the recent Supreme Court ruling on the right to bear arms.
Software startup DealerSocket got a nod as one of the nation's fastest growing companies, in the Technology column
Waste Management Inc. on Monday offered to buy Republic Services Inc. for about $6.19 billion, potentially derailing the smaller competitor's deal to acquire Allied Waste Industries Inc.
A recap of a Las Vegas real estate conference put on by NNN's Tony Thompson, in the Real Estate column
Maguire Properties is attempting to unload some of its largest and most expensive OC office buildings
Freddie Mac's $3 billion bill sale on Monday drew stronger demand than a similar sale last week in a deal seen as the first test of the housing finance company's borrowing ability after sweeping steps by the government to shore up confidence in the compan
Auto registrations, a barometer of sales, took a beating in May, in the Marketplace column
A partial owner of Quality Systems is backing a six-candidate slate for the company's board, in the Healthcare column
Epicor Software is seeing growing sales to specialty retailers and department stores
Irvine-based mortgage investor Impac Mortgage Holdings Inc. is buying a home loan servicing business from UBS AG, which in turn is making a $1.2 million investment in Impac.
El Pollo Loco is promoting its 400th restaurant, in Media & Marketing column
Beleaguered thrift operator Downey Financial has turned into a caretaker and seller of foreclosed homes
Friday, July 11
Advertising agency executive Ingrid Otero-Smart, who spent a good part of her career in Orange County, is returning to run Casanova Pendrill of Costa Mesa, the largest Hispanic advertising agency here.
The chief executive of Santa Ana-based Grubb & Ellis Co. has resigned from the slumping real estate company, which is under fire from a big shareholder.
Fear spread on Friday that the housing crisis would drag down the nation's major mortgage finance agencies and the government offered no hint that it would swiftly step in to help.
Anheuser-Busch Cos. has finally begun negotiations for a friendly merger with InBev NV, a source familiar with the situation said on Friday, sending shares of both brewers up about 8%.
General Electric Co. on Friday posted a second-quarter profit in line with Wall Street forecasts as its finance business recovered from a brutal first quarter, but the company warned those operations are not out of the woods yet.
Shares of Costa Mesa's Ceradyne Inc. rose more than 5% Friday after an upgrade from a Friedman Billings Ramsey analyst who thinks its ceramic military armor will stay in favor with the Pentagon.
Thursday, July 10
Shares of Costa Mesa's Emulex Corp., a maker of electronics for data storage networks, slumped late Thursday after the company slashed its outlook for the June quarter.
Analysts are speculating that Irvine-based Edwards Lifesciences Corp. could be a takeover target by two medical device heavyweights looking to get into a new type of heart valve.
Orange County's biggest deal yet closed Thursday after more than six months of approvals and back and forth with shareholders.
June sales at existing stores came in better than analysts expected for mall retailers Pacific Sunwear of California Inc. and Wet Seal Inc.
Pimco continues to trade with Lehman Brothers Holdings Inc., a Pimco spokesman said on Thursday, amid rumors that the world's biggest bond fund was scaling back business with the investment bank.
Dow Chemical Co. said on Thursday it would buy rival Rohm and Haas Co. for $15.3 billion in a move to broaden its product offerings in higher margin markets such as paints, coatings and electronic materials.
A firestorm of anxiety over the ability of mortgage giants Fannie Mae and Freddie Mac to get the capital they need to survive sent their debt and stocks plummeting on Thursday.
Apria Healthcare Group Inc. of Lake Forest said Thursday that federal regulators gave antitrust clearance for its proposed $1.6 billion buyout by Blackstone Group LP.
Wednesday, July 9
Shares of Aliso Viejo's QLogic Corp., a maker of electronics for data storage networks, jumped Wednesday after the company raised its outlook for the June quarter.
Costa Mesa-based Ceradyne Inc., a maker of bullet-proof vests and other military armor, is paying up to $125 million for North Billerica, Mass.-based SemEquip Inc.
Another closely watched advertising forecast was cut on Tuesday, the second in as many weeks, in a signal that the industry has begun to buckle under the weight of a slumping economy.
Merrill Lynch & Co. will determine how much of its stakes in BlackRock Inc. and Bloomberg LP to sell based on the size of its second-quarter loss, a person briefed on the matter said on Wednesday.
Retailers may have a challenging 2009 as sales at its domestic stores continue to fall and in the absence of a stimulus like this year's tax rebates, analysts at Morgan Stanley said, as they lowered their price targets and 2009 earnings estimates across t
San Diego's Qualcomm Corp. appealed a ban on sales of its cell phone chips stemming from a ruling last year that favored Irvine-based rival Broadcom Corp.
Tuesday, July 8
Shares of Newport Beach-based Downey Financial Corp. sunk to a 20-year low on the heels of a downgrade from Lehman Brothers.
Shares of Newport Beach chipmaker Conexant Systems Inc. jumped Tuesday after the company said it agreed to buy some of Freescale Semiconductor Inc.'s technologies for digital picture frames and a line of chips that go into printers that also fax, scan and
Los Angeles-based Maguire Properties Inc. said on Tuesday it plans to sell its Main Plaza office buildings in Irvine to San Francisco-based Shorenstein Properties LLC.
Santa Ana-based software developer Clupedia Corp., which raised $1.3 million in venture capital last year, is reportedly up for sale.
Office supplies retailer Office Depot Inc. said on Tuesday its North American same-store sales fell nearly 10% in the second quarter and warned operating margins would fall more than expected, sending its shares down more than 30% to a new low.
Shares of Lake Forest's Western Digital Corp. rose Tuesday after an analyst upgraded and raised his price target for the stock, citing the disk drive maker's two-year long effort to boost profits.
Pending sales of previously owned homes plummeted by 4.7% in May, far more than expected and a sign of more trouble ahead for the beleaguered housing market, a real estate trade group report showed on Tuesday.
German industrial conglomerate Siemens AG plans to slash almost 17,000 jobs worldwide to speed up cost savings and boost margins as it prepares for a global economic downturn.
Monday, July 7
Pasadena's IndyMac Bancorp Inc., which runs its mortgage operations from Irvine, said Monday said it will stop accepting loan submissions and slash its workforce by nearly 4,000 people.
Shares of Broadcom Corp. jumped Monday after an analyst upgraded his rating on the stock on the prospect of sales gains.
Kia Motors is retooling its marketing, in Media & Marketing column
Some businesses are putting relocations and expansions on hold. PLUS: CHARTS - Net Absorption; Vacancy Rates; Average Asking Lease Rates
Shareholders of Santa Monica-based Activision Inc. are set to vote Tuesday on a proposed combination with Irvine-based Blizzard Entertainment Inc.
The county's largest restaurant chains are struggling
Microsoft Corp. on Monday said it would be willing to reopen talks to buy all or part of Yahoo Inc. -- but only if a new Yahoo board is elected, a major boost for investor Carl Icahn's board slate.
Bad economic news sends jitters through executives' Q3 outlook
Obama Coming to OC, too; Campbell Defies Bush, GOP
No. 1 U.S. automaker General Motors is planning to cut thousands of white-collar jobs and is considering whether it should sell or stop production of more of its brands, The Wall Street Journal said, citing people familiar with the matter.
The slow economy is boosting sales of Botox, in the Healthcare column
California Assemblyman Van Tran has joined Snell & Wilmer
AUTOMOTIVE - Fletcher Jones Motorcars tops Ward's Dealer 500 list, in the Marketplace column
Oil retreated to below $142 a barrel on Monday as the dollar gained, taking a pause from a record-breaking rally that has lifted prices by almost 50% this year.
The former chairman of Grubb & Ellis is looking to return to its board
Companies' spending on technology goods will rebound in 2009, in the Technology column
Falling home and stock prices, high fuel costs and inflation have local executives spooked about the new quarter.
Warmington Group is making some changes during the slow housing market, in the Real Estate column
Irvine's Billabong USA has turned its 2004 buy of Hawaiian clothing stores into a play for mature surfers
Orange County's fourth in the state for technology jobs
Thales-Raytheon in Fullerton wants to hire, if it only can find software programmers
How new Americans With Disabilities Act rules will affect businesses. By Howard Fine, reporter, Los Angeles Business Journal
Startup replacement eye lens maker Visiogen Inc. is in a hot segment
Thursday, July 3
The U.S. service sector shrank unexpectedly in June, according to a report released on Thursday, while inflation pressures soared to a record high for the survey's 11-year history.
With the Dow sliding into a bear market on Wednesday, the dark days on Wall Street are far from over, amid record oil prices, struggling consumers and the never-ending credit crisis.
The economy likely suffered its sixth consecutive month of job losses in June as the worst housing slump in generations and ongoing stress in manufacturing and banking discouraged businesses from hiring.
A Delaware judge has cleared Newport Beach-based healthcare software maker TriZetto Group Inc. to hold a July 14 shareholder vote on its acquisition by a private equity firm.
The $41 million sale of Garden Grove Hospital and Medical Center by Tenet Healthcare Corp. to Prime Healthcare Management Inc. has wrapped up.
Wednesday, July 2
Shares of Irvine-based Lantronix Inc., a maker of networking gear, slumped on Wednesday after the company said it's set to start an overhaul of its business.
Circuit City Stores Inc. shares sank as much as 16% on Wednesday after Blockbuster Inc. abandoned its bid for the electronics retailer, saying a deal was not in the movie rental company's best interest amid current market conditions.
UnitedHealth Group Inc. will cut at least 4,000 jobs, or 5% of its workforce, in a restructuring and warned Wednesday that a weaker environment and higher costs will cut into profits this year.
Skyline at MacArthur Place, the twin condominium towers developer Nexus Cos. is putting up in its hometown of Santa Ana, is expected to wrap up construction by September.
Irvine's Billabong USA has bought a San Diego maker of skateboards and related clothing.
Merrill Lynch & Co. may not want to sell its $10 billion stake in top performing money manager BlackRock Inc. But it may have no alternative.
Tuesday, July 1
Consumers who want the new iPhone but cannot or do not want to sign up for a two-year contract with AT & T; Inc. will eventually be able to buy it for an extra $400.
Broadcom Corp. cofounder and former chief executive Henry Nicholas is set to stand trial for options backdating in April next year.
Placentia-based Sunrise Growers Inc., a seller of fresh and frozen strawberries, has traded hands among private equity firms.
UBS led a tumble by European bank stocks to their lowest level for five years on Tuesday as the prospect of more hefty writedowns, falling profits and more fundraising spilled over into a new quarter.
Ahmed Hussein, a director of Irvine medical software maker Quality Systems Inc., said Tuesday that he is nominating six candidates to the company's board of directors.
Factory activity expanded unexpectedly in June but inflation pressures soared, according to a report released on Tuesday.