Stories for January 2009
Friday, January 30
Shares of Quality Systems Inc., an Irvine healthcare information technology company, were down in Friday trading, possibly because the company declined to provide financial guidance on a conference call.
Factory activity slowed less sharply in January as a key gauge of manufacturing improved for the first time since June an industry report showed on Monday, but the sector remained under pressure amid the biggest recession in decades, analysts said.
Broadcom Corp., a chipmaker many analysts have pegged to hold up better than others during the downturn, slumped Friday on Wall Street, a day after warning about results for the current quarter.
Employment costs rose last year at the slowest pace on record, government data on Friday showed, as a painful recession pinched compensation amid soaring unemployment.
The economy shrank at its fastest pace in nearly 27 years in the fourth quarter, government data showed on Friday, sinking deeper into recession as consumers and business cut spending.
Shares of Santa Ana's Ingram Micro Inc., the world's biggest distributor of technology products, software and consumer electronics, fell Friday after an analyst downgraded the stock.
Thursday, January 29
Newport Beach chipmaker Conexant Systems Inc. is expecting to stay in the red during the current quarter.
Ford Motor Co. posted a deeper-than-expected $5.9 billion quarterly loss on Thursday but said it would have the cash to survive the worst downturn in auto sales in decades without a government bailout.
Two local technology heavyweights have teamed up to make and market laptop bags for consumers.
Eastman Kodak Co. posted a sharp quarterly loss and said it would cut up to 4,500 jobs this year after suffering a dramatic decline in demand for digital cameras and commercial printing equipment.
Word of layoffs at Anaheim-based Pacific Sunwear of California Inc. is likely intended to reassure investors about the retailer's ability to stay in business, according to an analyst.
The number of jobless claiming benefits jumped to a record in mid-January, while new orders for durable goods fell for a fifth straight month in December, according to data on Thursday that showed the economy in steep decline.
Wednesday, January 28
Santa Ana-based title insurer First American Corp. said on Wednesday it has hired former Freddie Mac Chief Financial Officer Anthony "Buddy" Piszel as its chief financial officer and treasurer.
Shares of Lake Forest's Western Digital Corp., a maker of disk drives, jumped after the company reported December quarter profits that were down from a year earlier but beat Wall Street analysts' lowered expectations.
Boeing Co. reported an unexpected fourth-quarter loss on Wednesday and forecast 2009 earnings well below Wall Street estimates as it grapples with a dip in demand for its planes while airlines feel the pain of recession.
Two of Orange County's largest homebuilders saw their stock prices jump on Wednesday, thanks to reports suggesting a government-backed bank bailout could take place.
Japanese automakers are looking at an ugly third-quarter earnings season that will almost certainly include profit warnings from Nissan Motor Co. and others that have not updated their outlooks in the past three months as global vehicle demand shows no si
Wells Fargo & Co. reported a surprise quarterly loss, its first since 2001, as it added to reserves for credit losses, but it maintained its dividend and said it did not need more taxpayer funds to absorb the troubled lender Wachovia Corp.
Tuesday, January 27
An analyst on Tuesday threw cold water on the prospects of Huntington Beach-based Quiksilver Inc. selling part or all of the company as it seeks to restructure its debt in February.
Virgin America said Monday it will start flights from John Wayne Airport starting April 30.
Consumer confidence fell to a record low in January as a downtrodden housing sector and worsening job prospects kept the country in a somber mood.
DuPont Co. posted a bigger-than-expected fourth-quarter loss on Tuesday, hurt by restructuring-related charges, a widening global recession and a slump in consumer spending, and the chemical maker lowered its 2009 earnings outlook.
Irvine's Printronix Inc., a maker of printers for manufacturers and retailers, is set to buy the assets of a bankrupt competitor.
Irvine-based Sun Healthcare Group Inc.'s stock soared Tuesday after an analyst upgraded the shares saying they're undervalued.
Lake Forest-based Del Taco LLC has named a new chief executive as its former boss is leaving to run Texas-based Carlson Restaurants Worldwide Inc., parent company to TGI Friday's and Pick Up Stix.
The coast-to-coast fire sale in the housing market appears at long last to have caught a bit of a bid.
Shares of Costa Mesa's Emulex Corp., a maker of electronics for data storage networks, slumped in afterhours trading after the company gave an outlook for the current quarter that falls short of analysts' expectations.
Monday, January 26
Sprint Nextel Corp., the No. 3 mobile service provider, will cut up to 8,000 jobs, or about 14% of its workforce, as part of a plan to reduce labor costs by $1.2 billion a year.
Foothill Ranch-based sunglasses and clothing maker Oakley Inc. now ranks as the largest foreign-owned company here after hiring 129 people in the past year, an 8% gain to 1,738 local employees, according to this week's Business Journal list.
The pace of sales of existing homes in the rose 6.5% in December, but the median home price dropped by a record 15.3% compared to the same period the year earlier, a National Association of Realtors report showed on Monday.
Casanova Pendrill's chairman will be leaving his post this month, in the Media & Marketing column
A Santa Ana judge said Monday he's set to delay the trial of cofounder and former Broadcom Corp. chief executive Henry Nicholas until next year.
Rumors that Quiksilver could sell part or all of the company to a larger competitor are gaining steam
As the recession takes its toll, demands for help are up while donations are down
Huntington Beach-based Quiksilver Inc. could be near a deal to sell its DC Shoes brand to North Carolina's VF Corp., according to a recent report from Women's Wear Daily and Monday's edition of the Business Journal.
Fuel Systems Solutions is hoping it didn't miss a window to expand in the U.S. market
Is your company one of the best places to work in OC?
Home Depot Inc. said it will eliminate 7,000 jobs, or about 2% of its workforce, as it closes its Expo home design centers and cuts corporate support staff, sending its shares up 6%.
Shares of Aliso Viejo's QLogic Corp., a maker of electronics for data storage networks, rose after the company reported results for the December quarter that topped analysts' expectations.
A group of former Enron Corp. employees is looking to hit $50 million in revenue this year advising customers on ways to trim energy costs
Sage Software is working through a bit of a shakeup in its upper ranks, in the Technology column
A Platinum Triangle apartment complex has been put on hold, in the Real Estate column
Advanced Medical Optics' Jim Mazzo has promised to stay part of OC's business landscape, in the Healthcare column
Industrial Market Faring Better in Recession, But Recovery Not Expected Until After 2010
Scottrade is opening two branches as it tries to build business here in a time of flux for stock brokerages
Carona's Celebration; Mark Sanchez's Agent; Wylie Snaps Dustin
A Business Journal writer talks about Schwarzenegger's plan to extend the state sales tax to several sectors of the service industry
OC Hyundai dealers welcomed Hyundai Motor America's assurance program, in the Marketplace column
Friday, January 23
Whether it's called good bank/bad bank, troubled asset relief or some new acronym, the United States appears to be on a course that will lead to the effective nationalization of some of the largest lenders.
Orange County's job losses for 2008 came in at a staggering 41,400 workers, a 2.7% decline, according to the state's Employment Development Department.
Pfizer Inc, the world's largest drugmaker, is in talks to acquire U.S. rival Wyeth, sources familiar with the situation said on Friday.
Irvine-based Autobytel Inc. has ended a three month bid to try and sell the auto marketing company but continues to look at alternatives.
Shares of Broadcom Corp. rose in late afternoon New York trading, despite an analyst's warning that he sees slowing sales for the Irvine chipmaker and others.
General Electric Co. reported a 44% drop in quarterly profit on weakness at GE Capital and its lighting and appliance units, as the conglomerate and economic bellwether closed out one of the toughest years in its 117-year history.
Thursday, January 22
The number of workers lining up for jobless benefits surged last week, while new housing starts and permits hit record lows in December, pointing at an acceleration in the economy's downward spiral.
UnitedHealth Group Inc. posted fourth-quarter profit that met Wall Street targets and backed its 2009 forecast on Thursday, sending shares of the health insurer up 8.6%.
Microsoft Corp. stunned Wall Street with disappointing results that included plans to slash up to 5,000 jobs and a warning that profit and revenue will almost certainly drop over the next two quarters.
Shares of Irvine-based Microsemi Corp., a maker of chips for aerospace, defense and industrial uses, slumped after the company gave an outlook for the current quarter that fell short of Wall Street's expectations.
Shares of Irvine healthcare technology company Quality Systems Inc. fell Thursday after an analyst downgraded the stock.
One of the few Orange County stocks up Thursday on a dismal day on Wall Street: Santa Ana-based Corinthian Colleges Inc.
Wednesday, January 21
United Airlines parent UAL Corp. on Wednesday said it lost $1.3 billion in the fourth quarter because of operating losses and fuel-price bets that turned sour as oil prices fell. Without the bad hedges, results were better than analysts had expected.
Treasury Secretary-designate Tim Geithner said Wednesday he was careless in failing to pay $34,000 in Social Security and Medicare taxes earlier this decade and apologized to Congress.
Foothill Ranch-based American Sterling Bank is being sold to insurer Phoenix Cos. after a plan to shore up the bank was rejected by regulators.
Shares of Irvine-based Resources Connection Inc. got a boost Wednesday after an analyst upgraded the company's stock, saying it's attractively valued for long-term investors.
San Juan Capistrano has entered a $10 million deal to buy a 150-acre plot of land in the northwest part of the city owned by Garden Grove-based Crystal Cathedral Ministries.
General Motors Corp. on Wednesday said its global vehicle sales for 2008 had dropped 11%, allowing rival Toyota Motor Corp to surpass it as the world's largest automaker for the first time.
Tuesday, January 20
Alliance Imaging Inc., a Newport Beach medical imaging and cancer care provider, said Tuesday that it will change its name to Alliance HealthCare Services, effective Feb. 17.
Tracing Akio Toyoda's 24-year career at Toyota Motor Corp. back to its genesis is to witness a carefully drafted roadmap for a climb to the top.
Italy's Fiat will take a 35% stake in car maker Chrysler LLC -- valued at zero by its part-owner -- in a deal aimed at helping the pair survive the worst crisis to hit their industry in decades.
Shares of Irvine chipmaker Microsemi Corp. were dinged by investors Tuesday after an analyst cut his estimates for the company, citing weakening demand.
Epicor Software Corp.'s George Klaus has come out of semi-retirement for a second stint running the Irvine-based maker of business software, which has had a tough past year on Wall Street.
Johnson & Johnson reported higher quarterly earnings on Tuesday as cost cuts offset weak sales of its drugs, devices and consumer products amid the economic downturn, but J & J; forecast 2009 earnings below expectations.
Monday, January 19
An El Segundo-based producer of Web videos of surfing, skateboarding and other events is moving to Aliso Viejo, in the Media & Marketing column
Orange County's median home price fell under $400,000 in December, the lowest price the area's seen since mid-2003.
Despite Broadcom's stock option backdating woes, Henry Samueli's role doesn't appear to have changed much since he stepped down in May
Britain launched a second bank rescue plan on Monday and Royal Bank of Scotland recorded the biggest loss in U.K. corporate history, while a cut in Spain's credit rating caused fresh market wobbles.
Earth Friendly Products has a rare projection for a company of its size in this economy: a doubling in sales in 2009
L.A. Could Lose Popular Meeting Space at Century Plaza
Glenn Told You So; The General's Back; Farewell, Tim
Advanced Medical is being bought for $2.8 billion by Abbott Laboratories of suburban Chicago
Is your company one of the best places to work in OC?
Broadcom could see gains this year from a new product by one of its best-known customers, in the Technology column
Anaheim is holding up amid the downturn in the industry
Teva Pharmaceuticals got good marks in a recent Goldman Sachs research report, in the Healthcare column
Buena Park Downtown has a lot riding on the upcoming opening of John's Incredible Pizza Co., in the Marketplace column
Beckman Coulter seems to have caught something at the hospital
Russia and Ukraine aim to sign an agreement on Monday to restart gas flows after finally agreeing a price for 2009, potentially ending a dispute that has severed supplies to a freezing Europe for nearly two weeks.
There are signs the 85 million square feet of shopping centers in OC could be in for a rough 2009, in the Real Estate column
What happened at the Business Journal's annual CFO Awards last week
Startup Symwave has assembled its own dream team as its looks to start producing chips later this year
The shakeout from last month's proxy battle at Grubb & Ellis is starting to show in the company's boardroom
Meeting space increased slightly at OC's largest hotels last year
What the first quarter's three large conventions and trade shows foretell for the rest of the year in OC
The Inland Empire commercial real estate market has begun to feel the effects of the dwindling economy. PLUS: CHARTS - Net Absorption; Vacancy Rates; Average Asking Lease Rates
The New York Times Co. has heard more than its share of opinions on what it must do to survive. Mexican billionaire Carlos Slim appears ready to let his cash do the talking.
Swimsuit maker Tyr Sport is looking for a rematch with Speedo
KPMG LLP, Orange County's third-largest accounting firm by employee count, is moving its local operations from Costa Mesa to the Irvine Spectrum.
Irvine-based John Laing Homes is reviewing its operations because of deteriorating economic conditions and has cut jobs, according to reports.
Friday, January 16
Bank of America Corp., posted its first quarterly loss in 17 years on Friday and slashed its dividend, hours after winning a multibillion-dollar lifeline from the U.S. government to help absorb Merrill Lynch, which lost a record $15.31 billion in the quar
Shares of Santa Ana's TTM Technologies Inc., a maker of printed circuit boards, rose Friday after it said it's set to close a plant in Washington and slash roughly 500 jobs companywide.
The manager of the world's biggest bond fund, Bill Gross of Newport Beach-based Pacific Investment Management Co., bought Treasury bonds for the first time in a year December.
Manager of the world's biggest bond fund, Bill Gross of Newport Beach-based Pacific Investment Management Co., bought into Treasury bonds for the first time in a year December.
A jury found former Orange County sheriff Michael S. Carona guilty of witness tampering but cleared him of five other public corruption charges Friday.
Shares of Foothill Ranch-based Kaiser Aluminum Corp. fell Friday, a day after the company warned of a charge-driven loss for the recently ended quarter and said it reworked the terms of a credit line.
Inflation slowed to a half-century low last year and industrial output dropped for the first time since 2002 as the recession deepened toward year-end, raising the specter of deflation.
Citigroup Inc. plans to split into two units and Bank of America Corp. took $20 billion in government aid after the two banks suffered huge quarterly losses from the devastating credit crisis.
Thursday, January 15
Shares of Santa Ana-based Corinthian Colleges Inc. surged Wednesday on talk a federal stimulus package could include money for student loans.
JPMorgan Chase & Co.'s fourth-quarter profit plunged 76% as it wrote down bad loans, signaling that even the bank that has avoided the worst of the credit crunch is struggling with the recession.
The chief financial officer who's brought big-company professionalism to Irvine's Broadcom Corp. was honored along with four others at Wednesday's CFO of the Year awards.
Huntington Beach-based Quiksilver Inc.'s weak quarterly performance and reliance on short-term debt prompted Moody's Corp. on Thursday to lower its rating on the clothing maker.
Job losses in the moribund economy mounted last week and manufacturing remained in dire straits this month, while other data on Thursday showed the threat of deflation persisted in December.
Bank of America, the largest U.S. bank, is close to getting billions of dollars more in federal support from taxpayers, a person familiar with the matter said on Wednesday.
Irvine-based Autobytel Inc. said Thursday it struck a deal with its largest investor that allows him to acquire more of the automotive marketer in exchange for not seeking changes to the company's board, management or strategy.
Wednesday, January 14
Mortgage applications jumped in the first full week of 2009 as record low interest rates spurred the greatest demand for home refinancing loans in over 5-1/2 years, data from an industry group showed on Wednesday.
Irvine-based WaterHealth International Inc., a water purification company that serves developing countries, announced Wednesday that it secured $10 million in venture backing.
Sales at retailers fell 2.7% in December, government data showed on Wednesday, as a deteriorating economic climate forced consumers to cut back on spending during the key holiday period.
Irvine-based WaterHealth International Inc., a water purification company focused on developing countries, has raised $10 million in venture backing.
Orange County's nursing home companies have parted ways on Wall Street.
Nortel Networks Corp., North America's biggest maker of telephone equipment, filed for bankruptcy protection on Wednesday, as the global economic downturn further erodes its once high-flying business.
Dallas-based Southwest Airlines Co. plans to add five nonstop flights between John Wayne Airport and San Francisco International Airport in May.
Tuesday, January 13
The trade deficit shrank 28.7% in November, the biggest contraction in 12 years, as weak consumer demand and plummeting oil prices caused a record drop in imports, a Commerce Department report showed on Tuesday.
Government debt is heading toward bubble territory and investors should prepare to exit, or risk seeing those assets lose up to a fifth in value, French bank Societe Generale said on Tuesday.
Shares of Costa Mesa-based clothing maker Volcom Inc. closed down Tuesday after an analyst downgraded the stock and warned that Wall Street's expectations for 2009 are overly optimistic.
Auto sales in 2009 should fall around 13% and push some automakers closer to the verge of collapse, industry analysts said on Tuesday.
Aliso Viejo's Quest Software Inc., a maker of business software, said Tuesday it bought a small maker of software that manages data storage networks.
Newt Gingrich, former House Speaker, didn't mince words when he spoke to Orange County's auto dealers Tuesday at their annual meeting at the Fairmont in Newport Beach.
Federal Reserve Chairman Ben Bernanke said on Tuesday that fiscal stimulus alone would not be enough to promote a lasting economic recovery, and further steps to backstop banks may be needed.
Longtime Quiksilver Inc. executive Marty Samuels has stepped down from the Huntington Beach-based clothing maker as it deals with a downturn and restructuring.
Monday, January 12
No. 2 homebuilder Lennar Corp. said on Monday that its chief operating officer had not received a mortgage on his home from the company and denied treating its joint ventures like a "Ponzi scheme."
The county's luxury coastal hotels have laid off workers and made other cuts amid a downturn in visitors and corporate events
Broadcom has signed a deal to sell its satellite set-top box chips to one of India's biggest telecommunications and cable providers, in the Technology column
Eaton Corp. is waiting to see how military spending fares under the Obama administration
Retailers and manufacturers are finding ways to market to the super rich during the recession, in the Marketplace column
The break-up of banking powerhouse Citigroup moved a step closer, and Britain took control of a big stake in another top lender on Monday as the reshaping of the global financial landscape gathered pace.
One small-business executive laments over Sacramento's lack of business acumen, in Viewpoint
Santa Ana-based eye surgery device and contact lens solution maker Advanced Medical Optics Inc. is being bought for $2.8 billion by Abbott Laboratories Inc. of suburban Chicago.
Greenlaw Partners is just another company that is taking advantage of the down commercial estate market, in the Real Estate column
Altametrics makes software that helps restaurants manage and monitor costs, in the Small Business column
The mid-counties industrial market sees concessions, but space is still tight, in Real Estate Watch. PLUS: CHARTS - Net Absorption; Vacancy Rates; Average Asking Lease Rates
Johnny Rockets Group is putting its advertising account up for review, in the Media & Marketing column
Seagate Technology Inc., the world's largest maker of hard-disk drives, replaced Chief Executive Bill Watkins and said its chief operating officer stepped down, in a management shake-up that sent its shares down 11%.
What to look forward to during Newport Beach Restaurant Week, in the Executive Dining column
Minimum Wage, Laws and Regulation in CA. Column by Howard Fine, staff writer with the Los Angeles Business Journal.
Eagle One Golf Products is growing with recycled plastic
Local nursing home companies have parted ways on Wall Street
2009 could rank among the worst years ever for chipmakers
OC Readies Obama Wish Lists; More Intrigue in Irvine
Retail sales could fall by 4% in the first quarter, a data tracking firm forecast on Monday, saying the tumultuous sales trends seen during the holiday shopping period are likely to continue.
Some Law Firms Touting Recession-Proof Practice Areas. Bankruptcy, IP, employment cases rise in economic downturns
Quality Systems recently got another love note from the Motley Fool, in the Healthcare column
Brokerages are predicting that OC will see an uptick in commercial property sales volumes in 2009
A report from a tempered International Consumer Electronics Show in Las Vegas
Friday, January 9
KB Home posted a worse-than-expected quarterly loss on Friday and said unprecedented pressures on the industry and the economy would remain difficult or worsen, sending its shares lower.
Shares of Miami-based Lennar Corp. went on a wild ride on Friday after infamous San Diego investor Barry Minkow made a series of accusations against the homebuilder, whose operations largely are run out of Aliso Viejo.
President-elect Barack Obama's economic team is working to overhaul the $700 billion financial rescue program to stem mortgage foreclosures and spur the flow of credit to the struggling economy, an Obama aide said on Friday.
Edwards Lifesciences Corp. and CoreValve Inc., a pair of Irvine-based medical device makers, on Friday claimed victories in a British patent fight over a new type of heart valve.
The U.S. International Trade Commission has agreed to hear a dispute involving Irvine-based chipmaker Microsemi Corp.
Some 2.6 million Americans lost their jobs in 2008, the worst toll since the end of World War Two, data showed on Friday, and industrial output plunged across Europe as the global economic crisis bit deeper.
Thursday, January 8
Wal-Mart Stores Inc. led retailers in disappointing December same-store sales and profit warnings on Thursday, sparking fresh recession concerns that hit stock and currency markets.
Anaheim's Pacific Sunwear of California Inc. and Foothill Ranch-based Wet Seal Inc. reported disappointing December same-store sales and cut their guidance for the three months through January, joining a chorus of dismal reports from retailers across the
Shares of Irvine-based Epicor Software Corp. closed higher Thursday after an analyst upgraded the stock on expectations for the fourth quarter, hopes for a new product and a possible battle over the company's board.
The number of workers filing new claims for unemployment benefits last week unexpectedly fell to their lowest level since mid-October, but the number of those remaining on jobless rolls rose to a 26-year high, data showed on Thursday.
Boeing Co. took orders for 662 commercial planes last year, a 53% drop from 2007, handing the title of biggest-selling plane maker to archrival Airbus and signaling the end of an unprecedented three-year boom in jetliner sales.
The biggest consumer electronics trade show kicked off Thursday as reporters, bloggers, retail buyers and die-hard technology enthusiasts descended on Las Vegas for the International Consumer Electronics Show.
Wednesday, January 7
Boeing Co. has been ordered to pay former customer ICO Global Communications Ltd. $631 million in damages after a California court approved a jury verdict against the Chicago-based aerospace company.
Family Dollar Stores Inc. reported a 14% jump in quarterly profit and raised its fiscal-year forecast on Wednesday as shoppers headed to its discount stores, sending its shares up 15%.
The budget deficit will swell to a record $1.186 trillion in fiscal 2009 as the global recession saps the economy, congressional forecasters said on Wednesday, presenting a daunting challenge to President-elect Barack Obama who has said tough choices will
Executives and business owners continue to hold low expectations for the first quarter, according to a business sentiment survey by California State University, Fullerton.
OrthAlign Inc., a Laguna Beach-based startup medical device maker, said Wednesday that it received $7.2 million in a first round of venture capital financing.
The Orange County Register is partially bringing back its stand-alone business section starting Thursday, a year after folding it into the main section of the paper to cut costs.
Soaring unemployment has caused more Americans to fall behind on loan payments than at any time since 1980, and delinquencies are likely to head higher, the American Bankers Association said on Wednesday.
Tuesday, January 6
Irvine-based Resources Connection Inc., a provider of consultants to companies on a project basis, reported a profit that met Wall Street's expectations for the recently ended quarter but warned of a steep revenue drop for the current one.
Costa Mesa's Emulex Corp., a maker of electronics for data storage networks, has joined the ranks of local technology companies that have lowered their outlooks for the December quarter. But Wall Street doesn't seem bothered.
Deep discounts that failed to coax consumers to shop in December are likely to lead to a number of profit warnings this week, when retailers report sales for the all-important holiday month.
Pending sales of existing homes dropped to a seven-year low in November, data showed on Tuesday, as rising job losses and a deepening economic recession kept potential house buyers on the sidelines.
Russia sharply cut gas flows to Europe via Ukraine on Tuesday in a dramatic worsening of a pricing dispute with Kiev that threatened to disrupt supplies as far west as Italy and Germany.
Shares of Endologix Inc., an Irvine medical device maker, soared Tuesday after the company said it expected its 2008 revenue to rise 35%.
Monday, January 5
President-elect Barack Obama, seeking to drum up support from both political parties, plans to propose up to $310 billion in tax cuts for businesses and the middle class as part of his massive economic stimulus package, senior Democratic aides said on Sun
Shares of Anaheim-based Multi-Fineline Electronix Inc., a maker of flexible circuit boards for cell phones and other mobile devices, jumped Monday after the company gave a better-than-expected sales outlook for the December quarter and said it plans to bu
A flurry of large lease deals wasn't enough to stem the tide for OC's office landlords
Watson Pharmaceuticals has gained the rights to 15 generic drugs, in the Healthcare column
Black Friday came a little bit later in 2008 for local malls, in the Marketplace column
A Cal State Fullerton survey of local executives came in at its lowest reading in its eight-year history
Businessperson of the year honorable mention: Jack Massimino of Corinthian Colleges
The process of using a public offering as a prelude to a sale isn't what it used to be for healthcare companies
Former sports agent Jeff Moorad is working on the deal of his career: buying the San Diego Padres baseball team.
The Business Journal's businessperson of the year Mohamed El-Erian comments on last year's rocky economy
A five-story Garden Grove office building on the campus of the Crystal Cathedral has been put up for sale, in the Real Estate column
The auto industry's slump worsened in December for automakers with operations in Orange County.
A Look at Executives Who Had a Good 2008, but It's Unclear if Their Gains Will Hold
Pfizer Inc., the world's biggest pharmaceutical group, is open to acquisitions, its chief executive Jeff Kindler told the Financial Times in an interview.
Two former Daily Pilot veterans are looking to start a daily Internet publication along with a weekly print edition for Newport Beach and Costa Mesa.
Research and development space held steady in the third quarter, in Real Estate Watch. PLUS: CHARTS - Net Absorption; Vacancy Rates; Average Asking Lease Rates
Apple Inc. Chief Executive Steve Jobs sought to soothe investor concerns about his health on Monday, saying his weight loss was caused by a hormone imbalance that is relatively simple to treat.
Slowed consumer spending may dull the glow at this year's International Consumer Electronics Show in Las Vegas
Two local tech companies recently promoted women as finance chiefs, in the Technology column
Private equity firms with a lot of debt put into acquisitions could be hit next by the credit crisis
Standard Pacific is looking to be one of the five largest homebuilders in the U.S.
Attention, Landlords: Sheriff Seeks Space; Cheap Obama Party
Kia Motors America is looking to up its marketing amid the worst slump in auto sales in recent history
DraftFCB has started work on an account for Del Monte Foods, in the Media & Marketing column
Businessperson of the year honorable mention: Edwards Lifesciences' Michael Mussallem
Businessperson of the year runner-up: Blizzard Entertainment's Michael Morhaime
Friday, January 2
Shares of Lake Forest-based Western Digital Corp. rose more than 7% Friday after an analyst predicted stable prices for disk drives in coming months.
The Treasury Department's inspector general is examining the decision to award bailout funds to City National Corp.'s City National Bank, the Los Angeles Times reported.
Federal regulators have issued a recall for an Advanced Medical Optics Inc. chemical used in eye surgery because of swelling and other health problems.
Factory activity fell to a 28-year low in December as the deepening year-old recession hammered the sector and produced a bleak outlook at the start of 2009.
Irvine-based California Coastal Communities Inc. said on Friday it has sold 17 model homes at its Brightwater development in Huntington Beach to a local investor, for $25 million.
Fannie Mae, the largest U.S. home funding company, believes that failed mortgage lender IndyMac has obligations to repurchase around $1 billion of home mortgages that failed to meet Fannie's standards, the Wall Street Journal said, citing people familiar