Stories for February 2011
Monday, February 28
Irvine-based professional services company Resources Connection Inc. saw its shares higher Monday after analysts at Barclays Capital upgraded the stock.
Consumer spending rose modestly in January, getting the year off to a soft start, as households took advantage of tax cuts to rebuild their savings.
U.S. stocks were mostly higher on a larger-than-expected rise in personal income, more signs of life in corporate deal-making and moderation in oil prices.
Private equity firm Blackstone Group LP has struck a deal to buy nearly 600 U.S. shopping malls and other properties from Australia's Centro Property Group for about $9.4 billion, a person with direct knowledge of the transaction said.
Nationwide Health Properties Inc., a Newport Beach healthcare real estate investor, said Monday it’s being bought for $7.4 billion by Chicago-based Ventas Inc.
Sunday, February 27
Much of new construction on Irvine Ranch; 11 new players on list; still well off high mark
ABOUT THE LIST: Orange County’s homebuilding industry reversed a long-running streak of declining sales last year thanks to a big boost in construction on Irvine Ranch land. Includes the 2011 OC's LARGEST HOMEBUILDERS list for download (pdf)
Speed Drives Executives at Circuit Board Maker
A look at the fast-paced culture at Santa Ana’s TTM Technologies
HEALTHCARE: Double-digit sales gains boost earnings, stock
CorVel is seeing steady growth with customers looking to control workers comp costs
FINANCE: OC native to handle $2 million in local philanthropy
Alan Staff is the new top local official for Bank of America
RESTAURANTS: Aim to offer more choices, cut labor costs
The founders of BJ’s are opening a casual dining restaurant that features iPads
REAL ESTATE: Assets from deal going to new company
Grubb & Ellis is shifting one of its problem units
Critics: Delays Stifle Both; FDA Seeks More Funding
The FDA’s slow approval times are hindering device makers, in Healthcare
Response to Logo Critique Uses YouTube, Twitter
Quest Software turned a jab into a marketing boon, in Media and Marketing
Sawtell Back in Executive Suite; Second Buy of Year
Local.com’s latest buy has ties to a past executive, in Technology
HEALTHCARE: Company eyes growth, acquisitions; goes private
Insight Health Services is set to emerge from bankruptcy with no debt
HEALTHCARE: FTC fought LabCorp’s buy of Westcliff
A federal judge’s ruling will allow the purchase of Westcliff Medical Laboratories
RETAIL: Historic building adding space, seeking tenants
An historic building in downtown Fullerton is adding 3,000 square feet
TRANSPORTATION: Pimco exec, Argyroses among riders
Thrust Electric Bikes is targeting small business owners
SPORTS: Power Balance in pact to sponsor Sacramento arena
Power Balance could be left hanging if the Sacramento Kings move to Anaheim
Market Has Legal Issues, Risk Takers, Ex-Smuggler
Medical marijuana sales have spurred a support industry in the county
AUTOS: Sedan, Super Bowl ads a push to be “relevant” here
Suzuki is counting on its recently released Kizashi sedan to revamp its image
TECHNOLOGY: Top spot was set under Standard, unclear now
Questions remain about who will run chipmaker Conexant Systems
Recovery has spurred more but publicly traded builders still in no rush to make deals
The pace of land sales has picked up amid recent signs of a homebuilding recovery in Orange County
Irvine Co.’s Move to Shutter Executive Homebuilding Program a Nod to Better Conditions
Newport Beach-based Irvine Company is phasing out its headline-making executive builder program
Loan-to-Value of 70% or More on Solid Properties
Talonvest started a financing company for self-storage investors, in Real Estate
Retail Cautious on Road to Recovery
The county’s retail market is seeing a promising recovery.
Friday, February 25
Irvine-based software startup WebVisible Inc., which helps businesses buy and target online ads, is set to cut its workforce by half and consolidate its Southern California operations.
Irvine-based homebuilder California Coastal Communities Inc. said it plans to emerge from bankruptcy next week.
The economy grew more slowly in the fourth quarter than initially estimated as government spending shrank more sharply and consumer spending was less robust, a government report showed.
Saudi Arabia has raised oil output about 8% to above 9 million barrels per day to make up for a near halt in Libyan exports, an industry source said, helping prices fall further from the highest since 2008.
Shares of Boeing Co. gained 4% on pre-market trade after the company won a $30 billion contract for 179 new U.S. Air Force refueling planes a day earlier.
Thursday, February 24
Shares of Costa Mesa-based Volcom Inc. fell in afterhours trading after the clothing maker warned of a projected profit and revenue shortfall for the current quarter.
Irvine’s Vizio Inc., which designs and markets flat TVs here, said Thursday it grew its market share last year and stayed on top as the biggest seller of liquid-crystal display sets.
Costa Mesa’s Ceradyne Inc. on Thursday reported fourth-quarter profits that topped what analysts were looking for as revenue fell short of Wall Street expectations.
Oil surged more than 7.5% to its highest since August 2008 on concern that uprisings in Libya could spread to other major oil producers in the Middle East, including Saudi Arabia.
General Motors Co. posted fourth-quarter results that topped Wall Street expectations, but its shares dipped below its IPO price as investor concerns shifted to the pressure ahead from rising oil prices and other costs.
Sales of new homes fell significantly in January, a dismal sign after the worst year for that sector in nearly a half-century.
Santa Ana-based First American Financial Corp. posted a better than expected fourth-quarter profit, while officials for the title insurance company are bracing themselves for declines in business related to mortgage originations this year.
Wednesday, February 23
The purchase of Santa Ana-based Westcliff Medical Laboratories Inc. by Laboratory Corp. of America can go through over regulatory objections, a federal judge has ruled.
Anaheim drug maker Questcor Pharmaceuticals Inc. on Wednesday posted fourth-quarter financial results that fell short of Wall Street projections.
Sales of previously owned U.S. homes rose unexpectedly in January, but prices tumbled to the lowest in nearly nine years, an industry group said.
Brent crude futures rallied above $110 a barrel, posting the biggest three-day percentage gain in a year, as the escalating violence in Libya could further reduce its production.
At least six brokerages cut their price target on Hewlett-Packard Co., citing its weak outlook and larger-than-expected shortfalls in consumer PC sales.
Chipmaker Standard Microsystems Corp. is folding in a brief contest to acquire Newport Beach-based Conexant Systems Inc., which now is set to be sold for $282 million to a San Francisco private equity firm.
Tuesday, February 22
Shares of Seal Beach’s Clean Energy Fuels Corp. jumped 10.1% on Tuesday after the company announced a multi-year deal with Atlanta-based United Parcel Services of America Inc.
Consumer confidence rose to a three-year high in February, but a drop in home prices for the sixth month in a row in December suggested the economy still faces significant hurdles.
Wal-Mart Stores Inc.'s attempts to fix sales at its U.S. discount stores are taking longer than expected as the world's largest retailer loses shoppers to lower-priced dollar stores.
Home prices in a majority of major U.S. cities tracked by a private trade group have fallen to their lowest levels since the housing bubble burst.
Irvine-based action sports clothing retailer Tilly's Inc. has named a former Coldwater Creek Inc. executive to lead the company.
The board of Newport Beach-based chipmaker Conexant Systems Inc. has sided with a higher buyout offer from a private equity firm and appealed to original suitor Standard Microsystems Corp. to up its bid.
Monday, February 21
Foothill Ranch-based aluminum products maker Kaiser Aluminum Corp. on Monday reported fourth-quarter earnings and revenue that beat Wall Street expectations.
BP lined up one of the biggest foreign direct investments in India to date with a $7.2 billion tie-up with the country's Reliance Industries to explore for deepwater oil and gas.
Diageo PLC, the world's biggest spirits maker, agreed to buy raki spirits maker Mey Icki for $2.1 billion in cash to give it access to the fast-growing Turkish market.
Alibaba.com has replaced its chief executive and chief operating officer after a noticeable increase in fraudulent transactions at the Chinese e-commerce firm's website.
Sunday, February 20
Low-Rise Office Market Makes Fundamental Gains
The county’s low-rise office market has seen a string of deals recently
Home Was Getaway for Chocolate Family in ’20s
Laguna Beach’s Hershey Estate is up for sale, in Luxury Homes
New Name Reflects Shift; ‘More Deals Than Dollars’
Turner Real Estate Investments has a new name and focus, in Real Estate
Biotech With Seal Beach Plant Reports on March 1
Biotech company Dendreon’s cancer drugs have potential, in Healthcare
Company Does Print, Store Ads, Scannable Barcodes
Hurley International is marketing a pair of patented boardshorts, in Media and Marketing
Acquisition is Second for Telogis in Recent Months
Aliso Viejo’s Telogis picked up a New Jersey-based rival, in Technology
HEALTHCARE: Spectrum sees big gain, driven by key drugs
Spectrum Pharmaceuticals raised its sales forecast for the fourth quarter
REAL ESTATE: Sales set to start in spring; $600K to $1M
Irvine Company plans to start building homes near Laguna Canyon soon
REAL ESTATE: Strategic offers $20.9 million as part of ramp-up
Strategic Storage Trust is buying a facility near its Ladera Ranch headquarters
HEALTHCARE: Deal avoids more litigation, locks in revenue
Irvine’s Masimo renewed a royalty settlement with a longtime rival
HEALTHCARE: 20 launches by 2014; expansion into eye drugs?
Eye products maker Abbott Medical Optics is readying a product push
Santa Ana’s City Ventures is one of the busiest homebuilders in the county
RESTAURANTS: Chain fought through downturn, ready to grow
Yard House is planning an expansion into Northern California and other states
TECHNOLOGY: Margin down as Western Dig, others get in
STEC is seeing more competition in the solid state drive market
MANUFACTURING: Brewer still has Anaheim, Irvine sites
Anaheim plastics maker C. Brewer is opening a plant in San Bernardino County
REAL ESTATE: Deal close, feds to end nearby lease in year
Yard House’s Irvine Spectrum headquarters building is rumored to be up for sale
FINANCE: Shift aims to give relief; doubters say feds off on estimates of future losses
The FDIC is set to close its Irvine office, signaling a recovering economy
LAW: Firm looking to bring on more hires, grow in other areas
Stradling Yocca Carlson & Rauth made hires with more plans to expand
The Irvine office of Howrey has lost most of its lawyers in recent months
TECHNOLOGY: Four recent buys, investments, partnerships
Quest Software has been on a buying spree in the past year
TECHNOLOGY: New titles in works; playing key role as Activision retools
Blizzard kicked off its 20th anniversary with banners, parties and special awards
BofA holds off Wells for lead; OneWest top thrift
ABOUT THE LIST: The county’s 30 largest commercial banks saw deposits rise modestly through June while the local field of savings and loans made big gains through acquisitions and internal growth. Includes the 2011 OC's LARGEST COMMERCIAL BANKS and LARGEST SAVINGS & LOANS lists for download (pdf)
Friday, February 18
Aliso Viejo-based sports shoe company American Sporting Goods Corp. has been acquired for $145 million by Brown Shoe Co. of St. Louis.
China rejected plans to use real exchange rates and currency reserves to measures global economic imbalances, casting doubt on the ability of Group of 20 major economic powers to reach an agreement at a meeting on Friday.
China raised required reserves to a record 19.5%, adding to an increasingly aggressive effort by Beijing to stamp out stubbornly high inflation.
Campbell Soup Co. cut its full-year forecast for the second time in three months, hurt by another winter of weak U.S. soup sales, and its shares fell 3.3% in premarket trade.
Acquisitions by Irvine-based clothing maker and retailer Billabong USA helped drive higher revenue for its Australian parent for the six months through December.
Thursday, February 17
Aliso Viejo-based hotel owner Sunstone Hotel Investors Inc. reported fourth-quarter results that beat Wall Street’s expectations.
Mission Viejo nursing home operator Ensign Group Inc. saw its shares rise a day after reporting fourth-quarter earnings that beat analysts’ projections and issuing a forecast that topped what Wall Street had been expecting.
Regulators have approved Irvine-based Allergan Inc.’s Lap-Band weight-loss device for more patients.
Wednesday, February 16
Newport Beach’s Irvine Company plans to open a housing development in south Irvine near Laguna Canyon this spring.
French drugmaker Sanofi-Aventis SA agreed to buy Genzyme Corp. with a sweetened $20.1 billion cash offer, plus payments tied to the success of the U.S. biotech group's drugs, the companies said.
Shares of Dell Inc. jumped 11%, a day after the world's no. 2 personal computer maker reported strong quarterly profits, allaying the fears of sustainability of its margins.
Borders Group Inc. filed for bankruptcy protection and said it would close about one-third of its bookstores, after years of shriveling sales that made it impossible to manage its crushing debt load.
Tuesday, February 15
Irvine drug maker Spectrum Pharmaceuticals Inc. said Tuesday it expects fourth-quarter revenue to come in at nearly twice as much as analysts had been expecting.
The median price paid for an Orange County home was $415,000 in January, a $5,000 or 1.2% increase from the prior month, according to San Diego-based MDA DataQuick.
Deutsche Boerse will take over NYSE Euronext to create the world's largest exchange operator in a deal that dodges key questions that could yet threaten its completion.
Sales at U.S. retailers slowed in January as extreme weather in large parts of the country kept some shoppers at home, but the underlying improving trend in spending remained intact.
The euro zone economy ended last year with stable growth, failing to meet expectations for an acceleration as expansion in the three largest nations fell short of forecasts and Greece and Portugal contracted.
Santa Ana-based real estate brokerage and investor Grubb & Ellis Co. reported higher fourth-quarter revenue as it handled more deals, though profits proved more elusive.
Monday, February 14
Shares of Santa Ana’s STEC Inc., a maker of flash memory drives for corporate data networks, slumped Monday, despite a better than expected outlook for the current quarter.
Aliso Viejo-based Sunstone Hotel Investors Inc. on Monday appointed a former hotel industry analyst to be its chief financial officer.
The Federal Deposit Insurance Corp. will be shuttering its office in the Irvine Spectrum early next year, in what it says is a reflection of improving health in the banking industry.
President Barack Obama proposed halving the U.S. deficit by 2013 and cutting $1.1 trillion over the next decade in a budget he called a "downpayment" on fiscal control.
As more Chinese companies trade on U.S. stock exchanges, investors are increasingly suing them for securities fraud in U.S. courts -- and slamming into a host of legal and bureaucratic barriers.
Some banks' credit ratings will be cut as governments make it easier to wind up failing lenders and force debtholders to pay for rescues, rating agency Moody's said.
Aliso Viejo-based business software maker Quest Software Inc. on Monday said it purchased Morrisville, N.C.-based e-DMZ Security LLC, a privately held maker of security software for corporate networks.
Sunday, February 13
Company Takes Out Ads Firing Back at Lawsuit
Taco Bell has gone on the defensive about its beef, in Media and Marketing
TECHNOLOGY: Drive maker’s settling into Irvine’s Park Place
Western Digital was thrifty in its design of a new headquarters
Riders Bring Cachet to Apparel Companies
Sponsoring fresh athletes is part of the game for action sports companies.
HEALTHCARE: Buyer Danaher has history of taking a light hand
Beckman Coulter buyer Danaher likely will rule with a light hand
A rival bid for Conexant is being headed by the company’s former leader
REAL ESTATE: Move from Santa Ana; occupancy at 80%
One of the county’s largest engineering companies is moving to Irvine
REAL ESTATE: Bids due next month; $45M minimum seen
Three of SunCal’s housing developments could be on the auction block soon
APPAREL: $3 million in sales projected this year; urban styles
Startup Index Ink is looking to grow after a strong Agenda trade show
Job gains during recession; government incentives key
A report shows the county’s clean tech industry is growing
Condos Under Way in Santa Ana, Apartments in Tustin
Projects, developments and other activity in cities in and around OC
Phone Cases Seen Lifting Sales 300% for February
Incipio Technologies is profiting from soaring iPhone sales at Verizon, in Technology
Scenes from business, social, charity and other events.
Surf Industry Manufacturers Association Image Awards, in pictures.
Glaukos Raises $29.5M, $14 Million for VertiFlex
A couple of local device makers have raised nearly $45 million in funding, in Healthcare
Four Local Buildings On Sales Block, Three Empty
A portfolio of former Mervyns buildings is up for sale, in Real Estate
Rents Still Falling, Bottom Looks Near
The county’s high-rise office market still is seeing falling rents.
THE LIST: Hoag keeps top spot; Anaheim General recertified on Medicaid payments for elderly
ABOUT THE LIST: OC's largest hospitals combined for a healthy increase in pretax net income last year. Includes the 2011 OC's HOSPITALS list for download (pdf)
Hospitals Look to Boost Revenue, Relieve Emergency Rooms
Reduced reimbursements from insurers and increased competition have led a number of hospitals here to branch out as the effects of last year’s healthcare reform begin to settle in.
GOVERNMENT: Full board pending legislature’s choices; private administrator possible
Groundwork continues on a public healthcare exchange aimed at getting coverage for more individuals and small businesses, but significant progress will have to wait until state officials decide on a plan to address the looming $25 billion budget deficit.
REGULATION: Initial rules bring few changes on everyday basis; reimubursement cuts seen
The initial provisions of healthcare reform haven’t yet led to many major changes in everyday operations at local hospitals
Update On Healthcare Industry Switch to Digital Records
Several OC hospital executives were asked how they’re progressing on electronic medical records, and the role government incentives have played in the process. Here is an edited version of their answers.
FINANCE: Company works with law firms on consumer debt
Irvine Company has landed its first new tenant at Pacific Arts Plaza
Friday, February 11
Aviation electronics maker Rockwell Collins Inc. plans to lay off 140 workers by summer at an Irvine plant.
Hosni Mubarak stepped down as Egypt's president on Friday, handing over to the army and ending three decades of autocratic rule, bowing to escalating pressure from the military and protesters demanding that he go.
Fountain Valley’s Kingston Technology Co., the top maker of memory products for computers, on Friday was confirmed to have made a roughly $3 million investment in Taiwanese chipmaker JMicron Technology Corp., according to reports.
The trade deficit widened in December to its highest level in four months, the government said on Friday in a report that also showed the annual trade gap expanded nearly 33% in 2010 as imports from China hit record levels.
The Obama administration nailed a "condemned" sign on the wrecked housing finance system on Friday, but did not offer a clear blueprint for a rebuilding project that could go on for years.
John Buhler, a former chief executive of SenoRx Inc., which was based in Irvine, is the new president and chief operating officer of Natus Medical Inc., a Bay Area device maker.
Hosni Mubarak has decided to step down as president of Egypt as thousands of Egyptians flooded the streets of Cairo.
Thursday, February 10
CoreLogic Inc. Chief Financial Officer Anthony “Buddy” Piszel has resigned from the Santa Ana-based mortgage and data services company amid legal issues from his prior job.
Santa Ana-based Ingram Micro Inc., the biggest distributor of computers, software and other technology products, on Thursday gave a muted outlook for the current quarter.
Shares of Santa Ana-based TTM Technologies Inc., a maker of printed circuit boards for networking gear and consumer electronics, slumped on Thursday after the company gave a lukewarm outlook for the current quarter.
Costa Mesa-based El Pollo Loco Inc. has hired a Hollywood company to be its advertising agency of record.
Cisco Systems Inc.'s shares fell nearly 13% in early trade, after a weak outlook and eroding margins stoked fears its growth was being stunted by increasing competition and falling public sector spending.
New U.S. claims for jobless benefits dropped to a two-and-a-half-year low last week, pointing to a firming undertone in the labor market as the economic recovery gathers momentum.
Thin crowds greeted Verizon Wireless' launch of Apple Inc.'s iPhone, falling short of what some had expected.
Wednesday, February 9
Shares of Irvine-based business software maker Epicor Software Corp. fell on Wednesday after the company gave an outlook for the current quarter that failed to woo investors.
Germany's Deutsche Boerse is in advanced talks to buy NYSE Euronext, and the London Stock Exchange has agreed to buy Canadian stock market operator TMX, as exchanges globally look for ways to boost their markets and cut costs.
JPMorgan Chase & Co. accused the trustee seeking $6.4 billion for victims of Bernard Madoff's Ponzi scheme of doing an end run around the law in pursuing his case, and said it has a right to a jury trial.
Shares of Aliso Viejo’s Smith Micro Software Inc., a maker of connection management software for mobile devices, plummeted Wednesday after the company lowered its sales outlook for the current quarter, citing a sudden drop off in orders and a slower roll out of next-generation wireless networks.
Coca-Cola Co. reported higher-than-expected quarterly sales, as it gained market share and also saw growth in each of its major markets for the first time in years.
Irvine heart valve maker Edwards Lifesciences Corp. said its request to stop production of a valve from rival Medtronic Inc. was denied by a federal judge.
Tuesday, February 8
Sun Healthcare Group Inc., an Irvine nursing home operator, saw its shares rise on news of a competitor buying another company.
Shares of Newport Beach-based Conexant Systems Inc. soared on Tuesday to reflect a rival buyout bid by San Francisco’s Golden Gate Private Equity Inc.
Three hedge fund managers, including the head of an $80 million fund raided by federal agents in November, and an analyst will be charged with insider trading, U.S. prosecutors and people familiar with the matter said.
China raised interest rates for the second time in just over six weeks, intensifying a battle in the fast-expanding economy against stubbornly high inflation that threatens to unsettle global markets.
U.S. job openings slipped in December, a government report showed, but a decline in layoffs supported views of a gradual labor market recovery.
Monday, February 7
Bids for all or parts of Irvine-based Freedom Communications Inc. could come as soon as the next few weeks, with a single deal or several expected to follow quickly.
Irvine software maker Kofax PLC doubled profits for the six months through December and sees sales rising 14% in the first half of the year.
Shares of Anaheim-based Questcor Pharmaceuticals Inc. were down in Monday trading after a published report raised concerns over sales of its lead drug.
Irvine’s Blizzard Entertainment Inc. got a jump on things this year and announced on Monday the dates of its annual fan convention, which attracts nearly 30,000 people to Anaheim.
Ensco PLC will buy its rival Pride International Inc. for about $7.3 billion in a deal that would create the world's second-largest offshore oil and gas driller, according to the companies.
AOL Inc. will buy Arianna Huffington's influential website for $315 million, looking to the high-profile liberal pundit to rescue it from the dustbin of Internet history.
Mega-banks will have to pay more for U.S. deposit insurance under a new regulation set for final approval on Monday as the government advances a boatload of financial oversight changes.
Brea-based medical instruments maker Beckman Coulter Inc. is being acquired for $6.8 billion—or about 33% more than what the company was worth on Friday—by Danaher Corp. of Washington, D.C.
Sunday, February 6
TECHNOLOGY: Quest did thorough due diligence; buyout?
Quest Software has taken a stake in Irvine’s SecureAuth
THE LIST: Billings back from doldrums; some consolidation
ABOUT THE LIST: The county’s largest environmental consultants saw an uptick in billings last year. Includes the 2011 OC's LARGEST ENVIRONMENTAL CONSULTANTS list for download (pdf)
FINANCE: Exec: recent moves no indicator of pending split
Pimco is gaining more autonomy from its parent company
REAL ESTATE: Bio-Rad adding space; Beckman Coulter rival
Bio-Rad Laboratories expanded its office and laboratory space in Irvine
“A Midsummer Night’s Dream,” Costa Mesa’s South Coast Repertory, through Feb. 20
A review of A Midsummer Night’s Dream
Shelley Hoss thinks information technology is the key to success for nonprofits
Cautious Optimism in L.A.: Ports Pick Up, Growth in Office Jobs Seen
L.A. County is seeing an increase in activity at its ports.
Folds in Local Company, Has $60M More to Spend
Dexus Property Group has spent $40 million on Southern California deals, in Real Estate
Business, med schools seek outlook on effects, changes
UCI’s annual Health Care Forecast Conference will focus on recent legislation, in Healthcare
Suzuki Took Out Its First Big Game Spot for Kizashi
Hyundai and Kia got a head start in Super Bowl advertising, in Media and Marketing
Label Joins Wang, Lhuillier Custom Accessories at Shop
Erin Cole bridal shop exclusively sells a number of designer dresses, in Marketplace
Broadcom Engineer Wins Thurlow; Will.i.am’s Deal
Acacia Research is moving its patent licensing unit to Texas, in Technology
15 Fifi Chao gives top picks for Valentine’s Day
RETAIL: 52,000 square feet; discount store potential seen
Jack’s Surf & Sport’s new lease doubles its HQ space in Huntington Beach
REAL ESTATE: Firm strikes long-term lease for 30,000 sq. ft.
Dorsey & Whitney has leased the top two floors at a distinctive building
DINING: Chain plans push in new markets after refinancing
Del Taco has renewed its headquarters lease in Lake Forest
TECHNOLOGY: Long rollouts dim outlook; hot-spot boost?
4G’s bumpy path for Smith Micro
REAL ESTATE: One of largest recent sales includes older units
Three local apartment complexes sold for $55 million
TECHNOLOGY: Battling STEC on solid state drives
Viking Modular Solutions is looking to diversify
HEALTHCARE: Device could see more patient eligibility
Allergan is looking to get FDA approval to sell its Lap-Band to more people
Wyland’s Work Funds Charity, Conservation
A look at marine life artist Wyland’s business empire
Friday, February 4
More than 650 apparel companies, retailers and others in the action sports clothing industry gathered Thursday night for the Surf Industry Manufacturers Association's annual Image Awards.
Shares of Aliso Viejo’s Quest Software Inc., a maker of business software, continued their bearish slide on Friday, a day after the company gave mixed fourth quarter results.
U.S. employment rose by a meager 36,000 jobs in January, far less than expected, as severe snow storms slammed large parts of the nation, but the unemployment rate fell to its lowest level since April 2009.
Verizon Wireless ended online sales of Apple Inc.'s iPhone evening after what it said was "the most successful first day sales in the history of the company."
Shares of Aetna Inc. shot up 11% in early trading after the health insurer announced a significantly higher dividend payment for shareholders and predicted its 2011 profit will be much bigger than what Wall Street expects.
Automakers with operations here are set to lead a contingent of Orange County advertisers during Sunday’s Super Bowl, while other locals are sitting out the big game.
Thursday, February 3
Glaukos Corp., an eye device startup in Laguna Hills, said Thursday that it has raised $29.5 million in a fifth round of venture capital funding, according to a report on Thousand Oaks-based news site SoCalTech.com.
Aliso Viejo-based Buy.com Inc., an online retailer, said Thursday it agreed to buy Maryland-based DecisionStep Inc. for undisclosed terms.
Wall Street tumbled as concerns over increasing disorder in Egypt and signs of exhaustion in the recent market rally weighed on investor sentiment.
Major U.S. retailers shrugged off the snowiest January in six years to post sales that blew past analysts' estimates, easing concerns that consumers were all spent out after the holidays.
Growth in the U.S. services sector in January was the fastest in more than five years, another sign the economy started the new year on a solid footing, with measures of employment showing some strength.
Foothill Ranch-based mall clothing retailer Wet Seal Inc. reported a better than expected surge in January sales and upped its profit outlook for the recently ended quarter.
Wednesday, February 2
Irvine replacement heart valve maker Edwards Lifesciences Corp. on Wednesday reported fourth-quarter results that surpassed Wall Street’s expectations.
Irvine-based homebuilder Standard Pacific Corp. reported a fourth-quarter profit after a big charge stemming from a reworking of its debt.
Apria Healthcare Group Inc., a Lake Forest-based home healthcare provider, said Wednesday that it bought the assets of Praxair Healthcare Services Inc.’s home healthcare services division.
Allergan Inc., the Irvine-based maker of Botox and other drugs, on Wednesday reported mixed fourth-quarter results and issued a cautious outlook for 2011.
Private employers added more jobs than expected in January, the 12th consecutive month that companies took on staff, adding to hopes that the weak American labor market is slowly improving.
Time Warner Inc.'s fourth-quarter profit and revenue beat Wall Street expectations, thanks to a 21 percent jump in cable advertising sales from programs like Conan O'Brien's late night talk show.
BP said regulators were considering filing charges against it related to alleged manipulation of the gas market.
Tuesday, February 1
Cypress-based Mitsubishi Motors North America Inc. led the January sales gain for automakers with operations here.
Shares of Irvine-based chipmaker Broadcom Corp. slumped Tuesday as investors looked past fourth-quarter results that topped expectations and an in-line forecast for the current quarter and seemed to seize instead upon a slip in profit margins.
The U.S. manufacturing sector grew at its fastest pace in nearly seven years in January, and signs of inflation jumped more than expected in the latest sign the economic recovery is gaining traction.
General Motors Co. posted a 22% rise in sales for January, outperforming expectations for the market as a whole on gains in demand for its pickup trucks.
Pfizer Inc., the world's largest drugmaker, is shrinking its operations to deliver on its profit forecast for 2012 -- the first full year its $10 billion Lipitor cholesterol drug faces cheaper U.S. generics.
The parent of Costa Mesa’s Pacific Mercantile Bank, the largest homegrown bank in the county by assets, said it wasn’t able to meet terms of an August deal with regulators as scheduled but is being given more time to do so.
Shares of Santa Ana-based Corinthian Colleges Inc. rose Tuesday after the company said profits and revenue for the current quarter could come in better than expected as the company cuts jobs and raises fees at its vocational schools.