OC BUSINESS JOURNAL DAILY NEWS

Edwards Gets Critical Care Systems Boost

HEALTHCARE: Big data drives evolution

Big data is the big buzzword in healthcare, and Edwards Lifesciences Corp. (NYSE: EW) is no exception—it’s made it part of a strategy to continue growing one of its three main business lines: critical-care technologies.

Tease photo

OC 500: Liz Williams

Leads overseas growth of largest OCbased restaurant chain … $10B sales, 7K locations, most in U.S. (see Julie Felss- Masino) … 2018 deals to add 200 each in Spain, Brazil, 50 in Australia … roots for Texas Longhorns; first car: ‘my dad’s 1985 Buick Riviera: more like a boat than a car’ … can’t miss: ‘Halloween trick-ortreating with my kids’

Tease photo

Midday Stock Roundup

The S&P 500 fell 0.4% in midday trading to 2,622.82.

Tease photo

Uniti Bought for $63.9 Million

Uniti Financial Corp., the largest Korean-American based bank in Orange County, is being bought by Walnut Creek’s BayCom Corp. (Nasdaq: BCML), the holding company for United Business Bank, for $63.9 million.

Tease photo

Spireon’s New Owner To ‘Accelerate Growth’

TECHNOLOGY: Sees tracking potential in every new vehicle

Vehicle-location services provider Spireon Inc. found itself being tracked in the past year.

Tease photo

OC 500: Steve Craig

Controls multiple, varied businesses, notably outlet mall developer-owner … some dozen properties in several states … local, drive I-5: Outlets at San Clemente 350K SF to city of Commerce 430K-SF Citadel … 2nd phase planned in San Clemente, more food, entertainment … chairman, New Majority OC (see Larry Higby) … to take majority stake, Ruby’s Diner as part of casual chain’s BK reorg

Tease photo

Hotels Continue Strong

Local hotels, countering some expectations that the hospitality market was cooling, kept up a year of strong performance in October in the county overall and seven OC submarkets.

Tease photo

Disneyland SVP to Hong Kong

Disneyland Resort Senior Vice President of Operations Stephanie Young will replace Hong Kong Disneyland Managing Director Samuel Lau Wing-kee, reporting to Michael Colglazier, president and managing director of Walt Disney Co.’s parks and resorts in Asia.

Tease photo

Midday Stock Roundup

U.S. stocks again dropped amidst fears of a slowdown and rising trade tensions with China.

Tease photo

Mazzo Criminal Case Dismissed

“Mr. Mazzo, you must be very happy.”

Tease photo

Door-to-Door Booze Co. Starts

INNOVATION: Duo has subscription and store

Santa Ana-based Shots Box LLC is like a chocolate-of-the month club—for booze.

Tease photo

OC 500: Ronald M. Simon

Year of sales for billionaire philanthropist: cabinetmaker RSI Home Products Inc., $1B, American Woodmark Corp., late 2017 … early 2018: homebuilder RSI Communities, $460M, William Lyon Homes (see Matt Zaist) … putting proceeds, time, talents, into philanthropy—Simon Foundation’s Chapman U. scholarships—investing … Horatio Alger honoree … Business Journal OC’s Wealthiest

Tease photo

Long Beach Airport's Romo Retires

Long Beach Airport Director Jess Romo will retire effective Jan. 31.

Tease photo

Midday Stock Roundup

The S&P 500 was down 1.7% to 2,653.76.

Tease photo

Manhattan Beachwear Returns to Roots

APPAREL: New CEO ditches activewear

Cooler fall temperatures are now hitting Orange County, but things are starting to heat up inside the offices of swimwear manufacturer Manhattan Beachwear Inc.

Tease photo

OC 500: Wende Zomnir

Worked Elizabeth Arden makeup counter, Texas … co-founded UD with Cisco Systems co-founder Sandra Lerner, 1996 … sold 2000 for $22M, LVMH … now owned by L’Oréal SA … bought from equity firm Castanea $350M … 350+ workers, a third in OC … $1B revenue

Tease photo

Midday Stock Roundup

Markets are closed today to honor late former U.S. President George Herbert Walker Bush.

Tease photo

20 Habits to Greater Chicago

Habit Restaurants Inc. (Nasdaq: HABT) said a new franchisee to its system, Bloomfield, Mich.-based Tremendous Brands Group LLC, will open 20 locations in Illinois and Indiana, with the first to come by mid-2019.

Tease photo

No Mazzo Deal Yet

Late Tuesday, Judge David Carter ordered a second hearing, set for Thursday, before he will sign off on James Mazzo’s agreement with the Securities and Exchange Commission to settle insider trading charges.

Tease photo

Surf City Offices Trade for $124M

Largest OC Deal for Pendulum Property Partners

Irvine-based Pendulum Property Partners, a real estate investment and development firm that started operations in 2016, has made its largest area purchase to date, buying Huntington Beach’s most prominent office complex.

Tease photo

OC 500: Mark Wetterau

Leads, owns, largest food co., 2nd largest private company, in OC … $7B sales, 7K workers … sells meat, dairy, sauces, to McDonald’s Corp., Starbucks, Chipotle (see Brian Niccol), others … has $1B unit, QCD, growing with non-McD’s clients (see Ryan Hammer) … firm runs fleet of trucks … Wetterau family big: food, charity work, for generations … Oct. 2018 in talks to sell some distribution centers serving McD’s … Business Journal OC 50

Tease photo

Opus Bank’s Founder Departs; Questions Remain

FINANCE: Talk of possible sale heats up

Since Steve Gordon’s surprising departure last week as chief executive of Opus Bank, the once high-flying company he co-founded in 2010, the question is what will happen to Orange County’s third-largest bank by assets.

Tease photo

OC 500: Bruno Serato

Reopened Italian restaurant 2018 after fire … ‘better second time around,’ Business Journal’s Chris Trela said … new digs include upstairs bar … much of $2M redo funded by OC givers … Sir Bruno— Order of Merit, Italian Republic, 2013—known for feeding couple million hungry kids via charity Caterina’s Club … 2017 author, ‘Power of Pasta’ … backs National Philanthropy Day

Tease photo

Midday Stock Roundup

The major indexes all fell today amid heightened recessionary fears, doubts on the U.S. trade agreement with China and an overall down day for tech stocks.

Tease photo

JWA October Air Traffic Down

John Wayne Airport had 907,000 passengers in October, down 2.5% year-over-year; commercial flights declined 1.4% to about 4,000.

Tease photo

Prev