Stories for April 2012

Monday, April 30

Monster Beverage Shares Surge on Talk of Sale to Coke

Shares of Corona-based Monster Beverage Corp. rose nearly 15% in early trading before falling back after Coca-Coola Co. denied reports it was interested in an acquisition.

Pacific Premier Gets Palm Desert National

Costa Mesa-based Pacific Premier Bancorp Inc. has acquired Palm Desert National Bank in Palm Desert from the Federal Deposit Insurance Corp.

Saturday, April 28

Irvine Co. Mounting Apartment Construction Push

Cypress Village Open, More On Way

Cypress Village one of several area projects bound to boost Irvine Company’s profile in multifamily market over the next few years, in Real Estate

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Park Place Tower Could Test Record

REAL ESTATE: Sources hint at price tag of $500 per SF or more

Park Place Tower sale could test record

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Nexus Brings High-End Style to Senior Rentals

REAL ESTATE: Lounges, sushi bar, hair salon; short trip to Hoag

Santa Ana-based developer Nexus Co. brings high-end style to senior rentals

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Irvine Co. Considers More Newport Center Apartments

REAL ESTATE: Seeks approval for 524 units on re-entitlement

Irvine Co. considers more Newport Center apartments

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Sizzler’s New Millennials

Smaller Carryout Restaurants Next Up in Bid for Younger Diners

Mission Viejo-based Sizzler USA is out to claim new territory: diners in their 20s and early 30s

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Now Hear This—Right Here

OC’s Audio Industry Developed From Computer-Tech Base

Orange County’s audio industry developed from computer-tech base

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Nearly 300 computer makers and distributors are in Orange County. 28.5% of them employ 10 to 19 workers

EVENTS - OCBJ April 30, 2012

Sixteen men have their heads shaved to show support for those with cancer. Scenes from business, social, charity and other events

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REAL ESTATE DEALS - April 30, 2012

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


Inland Empire Marks Q1 Momentum

Inland Empire’s industrial and office markets continued to mark progress in the region’s budding economic recovery in Q1. Includes Real Estate Watch industry performance charts.

Analysts Endorse SRS’ Purchase by Audio-Tech Rival

Say $148 Million Deal Not Too Pricey

Analysts endorse SRS Labs Inc.’s purchase of audio-tech rival, in Technology

Mobile Edge’s Laptop Cases Star in Primetime TV

Company Big on Product Placements

Product placement is a big part of the marketing strategy of laptop-case designer Mobile Edge LLC, in Media and Marketing

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Essential Pulls Its Patent Complaint Against Masimo

Device Maker Also Gets Clearances

Essential pulls its patent complaint against Masimo, in Healthcare

CALENDAR OCBJ - May 1-May 9, 2012

A listing of events happening all around Orange County.

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Software Makers Mark Hiring Uptick, Despite Consolidation

Work forces grew by 2.7% for a total 8,014 area employees

ABOUT THE LIST: Employment at Orange County’s largest software makers grew modestly in the past year. Includes the 2012 OC's LARGEST SOFTWARE MAKERS list for download (pdf)

Computer-Product Makers Post 5% Employment Increase

Mobile tech, cloud computing lift tally to 6,519 workers

ABOUT THE LIST: Computer-product makers post 5% employment increase. Includes the 2012 OC's LARGEST COMPUTER-PRODUCT MAKERS list for download (pdf)

ADDENDUM - April 30, 2012

Other items of interest in Orange County

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Lady Ducks Fashion Show Raises $120K

To Help Fund Fitness Center in New Tower

PHILANTHROPY Column by Sherri Cruz

Edwards’ Results Reflect Strong Start for Sapien in U.S.

HEALTHCARE: Heart valve brings $41M in Q1 sales here

Edwards Lifesciences Corp. results reflect strong start for Sapien in U.S.

Tilly’s Expects to Raise $86.4M in IPO

Tilly’s Inc. expects to raise $86.4M in initial public offering

Ceradyne’s Profit Drops 84% in Q1

Ceradyne Inc.’s profit drops 84% in Q1

Report: Feds Hire Houlihan to Review Fisker Fundraising

Report: Feds Hire Houlihan to review Fisker fundraising

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Golden Spoon Plans Expansion in U.S., Abroad

RETAIL: Frozen-yogurt chain’s moves include Middle East entry

Golden Spoon Franchising plans expansion in U.S., abroad

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Cameron Health Defibrillator Clears 1st Step With FDA

HEALTHCARE: San Clemente company nears takeover

Cameron Health Inc. defibrillator gets FDA panel’s OK

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Carpenter Funds Up Stake in Pac Merc

FINANCE: Common shares buy adds to block of preferred stock

Carpenter funds up stake in Pac Merc

FDA Approves Abbott Medical Laser for Cataracts

HEALTHCARE: New use generally covered by insurance

Food and Drug Administration approves Abbott Medical laser for cataracts

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Questcor Gains on Prescription Surge for Sole Drug

HEALTHCARE: Sees Acthar as pipeline in its own right

Questcor Pharmaceuticals Inc. gains on prescription surge for sole drug

Busch in Balboa Bay Club Bid? Gray on Libertarian Ticket?

OC INSIDER Column by Jerry Sullivan

Accounting for Change

Irvine Exec Helped Self, Grant Thornton Colleagues With Special Focus on Women

Irvine exec helped self, Grant Thornton colleagues with special focus on women

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Friday, April 27

Quiksilver Announces New CFO

Huntington Beach-based Quiksilver Inc. has tapped an Oakley Inc. executive as its new chief financial officer.

Hoban Gets Interim CEO Post at OC Fair

The board of directors of the Orange County Fairgrounds in Costa Mesa has named Vice President of Operations Jerome Hoban interim chief executive to replace Steven Beazley, who announced plans to step down in January.

BJ’s Shares Fall on Missed Profit, Revenue

Shares of Huntington Beach-based BJ’s Restaurants Inc. were down about 5% in early trading today after the company missed on revenue and profits for the recently ended quarter.

Thursday, April 26

Western Digital Beats on Revenue, Profits

Irvine-based disk drive maker Western Digital Corp. on Thursday reported revenue and earnings in the March quarter that beat Wall Street expectations and said its heavily damaged operations in Thailand can now meet supply demands.

Powerwave Sells Assets in China

Santa Ana-based Powerwave Technologies Inc. has sold some of its assets in China to a local manufacturer for $12.5 million.

Ingram Beats Profit Target, Revenue in Line with Estimates

Santa Ana-based Ingram Micro Inc. on Thursday reported first quarter revenue in line with Wall Street expectations and adjusted profits that topped estimates.

Wednesday, April 25

Edwards Shares Jump On Results, Outlook

Shares of Edwards Lifesciences Corp. surged today after the Irvine-based heart valve maker posted better-than-expected first-quarter results and issued improved guidance for the current quarter.

Pimco to Offer ETF as Inflation-Hedge

Newport Beach-based Pacific Investment Management Co. next week will launch a global exchange-traded fund designed to hedge against inflation.

Tuesday, April 24

DDi Beats Expectations With $268M Deal Pending

Anaheim-based circuit board maker DDi Corp. on Tuesday reported first-quarter revenue and earnings that beat Wall Street expectations.

Edwards Surpasses Wall Street Expectations

Irvine-based Edwards Lifesciences Corp. today reported first-quarter financial results that beat Wall Street’s expectations.

Option One Paying $28M to Settle SEC Charges

An Irvine-based subprime mortgage lender has agreed to pay $28.2 million to settle government charges that it failed to disclose its deteriorating financial condition amid the industry’s collapse in 2007.

Ceradyne Shares Swoon

Shares of Costa Mesa-based Ceradyne Inc. plunged in early trading today after it reported a big drop in sales and profits for the first quarter.

Feds Hire Houlihan Lokey to Track Fisker

A Los Angeles investment bank has been contracted by the U.S. Department of Energy to track Fisker Automotive Inc.’s fundraising efforts as it renegotiates a $529 million loan from the federal agency.

U.S. Metro Bank Looks Beyond Kor-Am Niche

Garden Grove-based U.S. Metro Bank has added new executives as part of recent efforts to broaden its customer reach beyond the Korean-American community.

Monday, April 23

Pimco Picks Rio for 1st Latin American Office

Newport Beach-based Pacific Investment Management Co. is expected to open its first Latin America office in Brazil in September.

Carpenter Boosts Stake in Pac Merc

Costa Mesa-based Pacific Mercantile Bancorp Inc. last week completed a $26.3 million sale of common stock to the Carpenter Funds, the private equity arm of Irvine-based investment firm Carpenter & Co.

New Details on Tilly’s IPO

Most of the proceeds from Irvine-based Tilly’s Inc.’s proposed initial public offering is expected to go to the action sports retailer’s existing shareholders, according to a document filed with the U.S. Securities and Exchange Commission Monday.

Broadcom’s Samueli Makes ‘Giving Pledge’

Broadcom Corp. cofounder and Anaheim Ducks owner Henry Samueli has joined a growing list of billionaires who pledged to give at least half their wealth to charity.

Saturday, April 21

Masimo Buys Semiconductor Maker, Inks Hospital Pact

Touts Benefits of $8.5M Purchase of Mass. Outfit

Masimo buys semiconductor maker, inks hospital pact, in Healthcare

Hitachi Global Expands Western Digital’s Market Reach

Analyst Also Touts Buys’ Impact on Future Margins

Hitachi Global expands Western Digital’s market reach, in Technology

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CALENDAR OCBJ - April 24-May 2, 2012

A listing of events happening all around Orange County.

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Wielding Sharp Strategies as Well as Sharp Pencils

Today’s CFO Plays Integral Role on Corporate Team

SPECIAL REPORT: Today’s CFO plays integral role on corporate team

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ADDENDUM - April 23, 2012

Other items of interest Orange County Business Journal

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Chamber Puts This Year’s ‘Job Killer’ Bills in Sights

The California Chamber of Commerce recently cited 23 proposed laws as “job killers”

Shipping Outfit Moves to Brea

Shipping company Extra Express is moving in June from Paramount to a larger headquarters in Brea.

Executives Exit OC Register

The Orange County Register in Santa Ana has named a new interim publisher position and filled some other executive spots at the newspaper.

Irvine Outfit Sees Optimal Sales of Search Optimization

MARKETING: Also offers site templates, social-media marketing

Irvine-based 29 Prime, which offers search-engine optimization and other digital marketing services, has seen its revenue swell with the growth of online marketing.

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Medical Device Makers Say Tax Will Hit Innovation, Jobs

HEALTHCARE: Levy could go away if court nixes reform

Drumbeat of criticism among local medical-device makers continues in advance of new tax on industry sales

Garden Grove Sports Complex Targets Athletes, Kids

SPORTS: Livens up area; owners consider additions

Former tech exec and an Anaheim Angels radio talk-show host team up to open a 100,000-square-foot sports complex in Garden Grove

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Red Touts 6K Sensors for Movie Cameras

TECHNOLOGY: Will enhance image resolution at $6,000 cost Inc. is one-upping itself

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Quiksilver Taps Ex-Surf Pros as Marketing SVPs

APPAREL: Moves part of brand’s “return to its roots”

Quiksilver Inc. taps ex-surf professionals as marketing senior vice presidents

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Allergan Eyes Boost for Breast Implants in Europe

HEALTHCARE: Ads aim to capitalize on shutdown of rival

Allergan starts European advertising campaign aimed at boosting sales of breast implants in wake of a defunct rival’s troubles

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Pujols Shops Shady; Augie’s Humor; Next Level for Lin?

OC INSIDER Column by Jerry Sullivan

Doritos Shell Rings Bell

Taco Chain Mounts Biggest-Ever Product Launch

Doritos shell rings bell

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Alcon Takes All of Former WD Campus

REAL ESTATE: Plans move from Spectrum to Lake Forest

Eyecare company Alcon Research inks deal to move local operations from Irvine to a Lake Forest office complex

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Lineup Change for Platinum Triangle’s A-Town Sites

REAL ESTATE: LNR separates from Lennar, eyes apartments

Two of the most prominent parcels of developable land in Anaheim’s Platinum Triangle have gone through changes in ownership

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Innovative Ideas Mark Tran’s Rise From CFO to President

Insurance Veteran Says Focus Key to Long-Term Success

Khanh Tran’s transition from CFO to president of Pacific Life Insurance hasn’t made a dramatic difference in his daily work regimen so far

Audio Specialist on Trend With $148M Price Tag

TECHNOLOGY: SRS Labs’ R&D plays in mobile segment

Santa Ana audio specialist on trend with $148 million price tag

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Augie's Approach

Fitness Entrepreneur Brings Private-Sector Push to ALS Nonprofit

Augie Nieto and wife Lynne on their battle with ALS

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N.Y. Co. Buys Brandman Firm, Sets Move Into Irvine Offices

Environmental-software company FirstCarbon acquires consultancy Michael Brandman Associates

Historic Oceanfront Home in Laguna Goes for $8.4M

French-Styled 5-Bedroom First Listed for $13M

Historic five-bedroom home in south Laguna Beach’s Three Arch Bay neighborhood sells for $8.4 million, in Luxury Homes

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Q&A: CFOs of the Year

The Business Journal’s Jane Yu asked the five chief financial officers feted at our CFO of the Year Awards in January to discuss some key matters of corporate trends and professional responsibilities

Business Journal asks five CFOs to discuss key matters of corporate trends and professional responsibilities

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By the Numbers - Costa Mesa Businesses

Costa Mesa has more than 4,200 businesses.

BGC Shrinks Grubb Operations After Bankruptcy Buy

Questions Remain on HQ, Newmark Combination

BGC shrinks Grubb operations after bankruptcy buy, in Real Estate

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Few West OC Industrial Vacancies; Rates Rise

Few West OC industrial vacancies, rates rise. Includes Real Estate Watch industry performance charts.

EVENTS - OCBJ April 23, 2012

EVENTS: Orange County holds workshop focusing on promotions and customer relations. Forum for Corporate Directors fetes feats. The humorous side of human resources.

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REAL ESTATE DEALS - April 23, 2012

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

Traffik Helps Bank Market Its Services to Physicians

Agency Creates Mailers, Website in Monarch Pilot

Traffik Advertising helps Farmers & Merchants Bank get new products for physicians off the ground, in Media and Marketing

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Friday, April 20

OC Unemployment Rate Up Slightly Despite More Jobs

Orange County added jobs in March even as the local unemployment rate rose slightly for the month, according to the California Employment Development Department.

Wednesday, April 18

Executive Exodus at OC Register; Interim Publisher Named

The Orange County Register in Santa Ana has named a new interim publisher position and filled some other executive spots at the newspaper.

Tuesday, April 17

SRS Labs Acquired by Calabasas Company for $148M

Shares of SRS Labs Inc. soared Tuesday after the Santa Ana-based audio company said it was being acquired by a competitor.

ICU Medical Beats Forecasts, Reaffirms Outlook

ICU Medical Inc. of San Clemente reported first-quarter results that beat analysts’ expectations and reaffirmed its 2012 financial outlook.

Wanted: Best Places to Work in OC

CALL FOR ENTRIES: Website to take entries until April 20; employer, employee queries to follow

Wanted: Best places to work for the Business Journal’s annual list

Monday, April 16

Paramount Shipping Company Relocating to Brea

Shipping company Extra Express plans to expand with a move into a new headquarters in Brea by June.

Saturday, April 14

No FDIC? No Problem: Amazon Subsidiary Fills Out 40 Pacifica

REAL ESTATE: Lease to a2z replaces feds fast at Spectrum

No FDIC? No problem: Amazon subsidiary fills out 40 Pacifica

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Luxury Lift

Realtors Report Revved Up Sales for Q1

Luxury home buyers got off the sidelines and into action during the first quarter

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By the Numbers - Orange County Advertising Firms

There are more than 500 advertising firms in Orange County.

REAL ESTATE DEALS - April 16, 2012

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

Q&A: Advertising, Printing and Graphics

How is the shift to digital communications affecting your mix of services and cost structure?

SPECIAL REPORT: Commercial printing execs answer how digital-communications shift affects their service base, cost structure


Lease Deals Reflect Mid-Counties’ Gains

Mid-counties industrial market seems to be strengthening

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Burnham USA Sells Best Buy Building in Orange

Proceeds From Retail Sale to Be Reinvested

Newport Beach-based Burnham USA Equities Inc. says it has money to spend on value-add acquisition opportunities, in Real Estate

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Edwards, Medtronic Co-Present Heart Valve Studies

Professional Presentation Spotlights Positive Data

Edwards, Medtronic co-present heart valve studies, in Healthcare

Federal Loan Talks Lag, Fisker Hints at Overseas Move

Says New Model Might Be Built Overseas

Federal loan talks lag, Fisker Automotive Inc. hints at overseas move, in Technology

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CALENDAR - April 17-25, 2012

A listing of events happening all around Orange County.

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ADDENDUM - April 16, 2012

Other items of interest Orange County Business Journal

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Printers Add Services, Revenue in Return to Growth

Diversification trend spurs some to revise brands

ABOUT THE LIST: Printers add services, revenue in annual uptick. Includes the 2012 OC's TOP COMMERCIAL PRINTERS list for download (pdf)

OC Ad Agencies Post 9% Increase in Employees

Several mark gains in billings, despite collective 1% downtick

ABOUT THE LIST: Several ad agencies have expanded staffs and offices in the past year. Includes the 2012 OC's LARGEST ADVERTISING AGENCIES list for download (pdf)

No Big Easy for Bhathal: Tri Pointe’s Athletic Edge; My Oh Myford!

OC INSIDER Column by Jerry Sullivan

Irvine Co. Buys Printronix HQ

REAL ESTATE: Signs tech manufacturer to Spectrum lease

Printronix Inc. plans to relocate to the Irvine Spectrum after selling its headquarters to Irvine Company

Restaurant Chains Give Brand Management Promotion

MARKETING: Marketing execs add titles, duties

Restaurant chains give brand management a promotion

Mindspeed Signals Restructuring Charge

TECHNOLOGY: Job cuts follow Picochip takeover

Mindspeed Technologies Inc. will make an unspecified number of job cuts

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Sizzler Moves Corporate HQ to Mission Viejo

DINING: Says location better for executives’ regional forays

Orange County’s restaurant industry just got bigger with Sizzler USA’s recent headquarters move to Mission Viejo

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Developer, Mortgage Lender Both Shop in Tustin

REAL ESTATE: Industrial, office bargains on same block

A pair of Tustin buildings have sold in separate deals

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Broadcom, Qualcomm Set for Face-Off

TECHNOLOGY: Both chipmakers put 5G for mobile segment in sights

Broadcom, Qualcomm set for face-off: Chipmakers put 5G for mobile segment in sights

Tri Pointe Takes Over Stalled Brio Project

REAL ESTATE: 11-acre tract set for 91 single-family homes

Irvine-based Tri Pointe Homes Inc. has bought a long-stalled housing development in La Habra

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American Heart Assn.’s Go Red Event Raises $246,000

Half-Day Program Features Lunch, Seminars, Auction


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Wanted: Best Places to Work for Business Journal’s Annual List

CALL FOR ENTRIES: Website set to take entries until April 20

Wanted: Best Places to Work for Business Journal’s annual list

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KBS Still Big Buyer, Aims to Pay Down ‘Repo Debt’

REAL ESTATE: Shares down, dividend ended for 1 of 5 REITs

KBS remains big buyer as value sags on REIT

Aliso Viejo Camera Tech Vendor Nets NHL Deal

Aliso Viejo camera tech vendor nets NHL deal

Santa Ana Charter-Flights Outfit Spreads Its Wings

AVIATION: Santa Ana charter-flights outfit spreads its wings

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Costa Mesa Aircraft Painter Gets Equity Investment

Costa Mesa aircraft painter gets equity investment

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CashCall Founder Likes Derby Chances With Bargain Buy

SPORTS: $35,000 thoroughbred will run for $2M Kentucky purse

CashCall founder Paul Reddam hopes his third time at the Kentucky Derby will be the charm

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Irvine Agency Helps Golden Spoon Shine Brighter

Initiatives Include Store, Logo, Website Redesigns

Golden Spoon Franchising launches new branding campaign to help the 29-year-old brand standout, in Media and Marketing

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Friday, April 13

Quest Discloses Prior Bid

Aliso Viejo-based Quest Software Inc. rejected a bid that matched an offer valued at $2 billion made last month by private-equity firm Insight Venture Partners in New York.

OC Company’s Skateboards, Shirts Get Role on Glee

Anaheim-based Hendrick Boards’ skateboards and T-shirts were featured in the Tuesday episode of Fox Broadcasting Co. television show Glee.

Wednesday, April 11

Costa Mesa Aircraft Painter Gets Private Equity Investment

Los Angeles-based private equity firm Vance Street Capital LLC has made an undisclosed investment in Leading Edge Aviation Services Inc. in Costa Mesa, a leading painter of commercial and military aircraft.

STAjets Boosts Fleet with Joint Venture

Santa Ana-based Superior Transportation Associates Inc., which operates as Stajets, announced a joint venture with a Van Nuys aviation company that will give it use of a fleet of long-range jets.

Tuesday, April 10

Aliso Viejo Tech Company Scores NHL Deal

Aliso Viejo-based Vubiq Inc. has teamed up with a microelectronics and systems company in Carlsbad to equip all 30 National Hockey League arenas with high-definition cameras in the goal crease.

Monday, April 9

Mindspeed to Cut Workforce

Newport Beach-based networking chip maker Mindspeed Technologies Inc. plans to cut an unspecified number of positions as it restructures following its acquisition of U.K.-based Picochip Ltd.

Saturday, April 7

Red Digital Pitches Fashion Shoots with Rare Print Ad

Irvine Company Pushes Motion Cameras for Stills

Red Digital Cinema Camera Co. releases its first print advertisement in Vogue’s April issue, in Media and Marketing

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Trad Couple Pays $5.1M for Contemporary in CdM­­

Ocean View From Kitchen, Dining Area, Family Room

Traditional couple pays $5.1M for contemporary home in Corona del Mar, in Luxury Homes

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Wet Seal Slips on Weak Sales of Tops, Jewelry

Foothill Ranch-based teen retail chain Wet Seal Inc. marked a 7.8% slide in March in stores open at least a year.


There are more than 106 publicly traded companies in Orange County.

Monie on Ingram’s New Approach

A Q&A with Ingram Micro’s new chief executive, Alain Monie

Spierkel Signs Off—for Now

Gregory Spierkel signs off—for now

REAL ESTATE DEALS - April 9, 2012

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

REAL ESTATE WATCH: Research & Development Space

Airport Area Sees Strongest Activity in R&D

Airport area sees strongest activity in research and development. Includes Real Estate Watch industry performance charts.

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Ricoh Renews Lease for 500,000 SF at Steelcase Site

Tustin Industrial Deal Among Largest Since 10

Ricoh Electronics Inc. has renewed its lease for one of the larger industrial buildings in Orange County, in Real Estate

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Blizzard Aims to Shore Up WoW With Diablo Deal

Cross Promotes Franchises in Advance of New Title

Blizzard Entertainment Inc. aims to shore up World of Warcraft with Diablo deal, in Technology

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PacSun Expands Brand Lineup in Latest Turnaround Strategy

RETAIL: Aims to offer more to boost sales with teen girls

Forecast still hazy for Anaheim-based action sports retailer Pacific Sunwear of California Inc.

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Public Parent Gave Mazzo Room for AdvaMed Role

HEALTHCARE: Credits superiors, staff for support during 2-year term

Public parent gave Mazzo room for AdvaMed role

Sale Spells End to DDi Ticker Symbol

TECHNOLOGY: $268M deal with Viasystems in works

DDi Corp.’s days as a stand-alone public company are numbered with sale in works

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Marketer Posts 1st Profitable Year as Car Sales Rise

MARKETING: Autobytel info aims for dealerships, consumers

Irvine-based automotive marketer Autobytel Inc.’s business is seeing signs of improvement

Western Digital Clears Hurdles, Poised for Growth

TECHNOLOGY: Came through natural disaster, drawn-out deal

Western Digital looks to be back on track after a trying end to 2011 and tenuous start to this year

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OneWest Makes Out on McMonigle HQ; Big Orange Report

OC INSIDER Column by Jerry Sullivan

Less to ‘Like’ for Investor Relations

COMMUNICATION: Caution on social media matter of timing

Some corporations “like” social media, opinions split on using Twitter, Facebook for investor relations

Post-Recession Result: CEO Changes

30% Turnover for Top 50 Public Companies Since ’07

ABOUT THIS LIST: Post-recession inventory: CEO changes. Includes the 2012 OC's LARGEST 100 PUBLIC COMPANIES list for download (pdf)

Stanley Black & Decker Works Here

Lake Forest Design Hub for Household Brands

Stanley Black & Decker: here and there

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Monie Ball

Ingram Boss on New Game Plan

Santa Ana-based Ingram Micro Inc. in transition, seeking a path to new lines of business

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Allergan Answers Wall Street on Aggressive R&D Program

HEALTHCARE: “Surprises” with spending

Allergan’s emphasis on spending money “in the clinic” fattens up its R&D pipeline, catches Wall Street’s eye

Public Cos. Top $100B

Highest Sales Since ’05; Slower Pace on Profits

Orange County’s largest public companies posted a second straight year of sales gains in 2011

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R&D Pipeline Prompted Bausch & Lomb’s Ista Buy

Eye-Products Giant Knew Ista, Makes Its Products

Bausch & Lomb’s pending $500M acquisition of Ista Pharmaceuticals appears motivated by products in pipeline, in Healthcare

CALENDAR - April 10-18, 2012

A listing of events happening all around Orange County.

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ADDENDUM - April 9, 2012

Other items of interest in the Orange County Business Journal

Who’s Not Here

Ten companies included on the Business Journal’s list of OC-based public companies last year were not on this year’s edition

Ceradyne Names Unit General Mgr. VP of Acquisitions

Costa Mesa-based Ceradyne Inc. appointed company veteran Robert Miller as vice president of acquisitions and corporate development.

Wanted: Best Places to Work for Business Journal’s Annual List

CALL FOR ENTRIES: Website set to take entries until April 20

Wanted: Best Places to Work for Business Journal’s annual list

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Ceradyne Diversification Offsets Solar Slowdown in China

MANUFACTURING: Move beyond defense fuels gains

Product diversification has been a big part of recent gains for Costa Mesa-based Ceradyne Inc.

Friday, April 6

MemorialCare Wins Gallup Award

Fountain Valley-based MemorialCare Health System said it was one of 27 employers worldwide who received a “great workplace” award from The Gallup Organization, and the only honoree that is based in California.

Sail Venture in $100 Million Canadian Fund

Sail Venture Partners, the early- and mid-stage investment arm of Irvine-based venture capital firm Sail Capital Partners, kicked off a $100 million joint fund in Ontario, Canada.

Thursday, April 5

New Owner for OC Flyers

A Mission Viejo-based holding company has acquired a majority stake in the Orange County Flyers minor league baseball team.

Taco Bell Puts Digital Ad Account Up for Review

Irvine-based Taco Bell Corp. has hired agency search firm SelectResources International of Santa Monica to look for a new digital agency.

Wet Seal March Sales Disappoint

Foothill Ranch-based teen retailer Wet Seal Inc.’s sales for stores open at least a year fell in March, missing Wall Street analyst expectations.

Visitor & Convention President Ahlers to Retire

Charles Ahlers plans to retire from his post as president of the Anaheim/Orange County Visitor & Convention Bureau at the end of this year.

Wednesday, April 4

WaveTec Gets $15.7M in Funding

Aliso Viejo eye device maker WaveTec Vision Systems Inc. said Wednesday that it received $15.7 million in a funding round.

DDi in $268M Sale to St. Louis Company

Shares of DDi Corp. surged Wednesday after the Anaheim-based circuit board maker announced it was being acquired for $268 million by a competitor.

Tuesday, April 3

Hyundai, Kia Set Monthly Sales Records

Orange County automakers saw March sales rise along with the rest of the nation despite rising fuel costs.

U.K. Device Maker Buys San Clemente Medical Software Company

Smith & Nephew PLC, a U.K.-based medical device maker, has bought San Clemente-based LifeModeler Inc. for an undisclosed price through its U.S. subsidiary, Smith & Nephew Inc.

Monday, April 2

Ceradyne Names Acquisitions VP

Costa Mesa-based Ceradyne Inc. has appointed Robert Miller as vice president of acquisitions and corporate development.

Samsung Extends LCD TV Sales Lead Over Vizio in Q4

Samsung Group extended its market share lead over Irvine-based Vizio Inc. in the fourth quarter as the biggest seller of liquid-crystal display sets in North America.