OC BUSINESS JOURNAL DAILY NEWS

NAMM, NAPEW Re-Up in Anaheim

Visit Anaheim said its two largest shows by attendance—National Association of Music Merchants and Natural Products Expo West—have booked their slots at Anaheim Convention Center through 2023 and 2022, respectively.

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Midday Stock Roundup

The S&P 500 rose 0.7% in midday trading to 2,840.14.

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Photo Prints E-commerce Co. Buys Again

Huntington Beach-based MailPix Inc. bought PrintShopLab, the printing unit of Denver-based Photobucket Corp., on undisclosed terms.

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Merger Makes Trace3 OC’s Newest $1B Tech Company

CEO: ‘I Think We’re a Juggernaut’

The merger of Irvine-based Trace3 and Data Strategy LLC in Grand Rapids, Mich. has created a formidable IT services provider with revenue surpassing $1.1 billion.

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OC 500: Raj Bhathal

Started swimwear maker with wife, Marta … 2017 first non-family president, Brenda West, fellow OC 500er … Raj, Marta back Segerstrom Center, Chapman—Raj trustee; student services building named for them … sports:

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Veritone Sales Sour Traders

Shares of Veritone Inc. (Nasdaq: VERI) plummeted after the company reported second quarter results that missed Wall Street expectations.

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Veritone Plans Two Acquisitions

Veritone Inc. shares jumped today after the Costa Mesa-based company announced two pending acquisitions, one for its emerging artificial intelligence business and the other for its media-buying arm.

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Midday Stock Roundup

The S&P 500 fell 0.4% in midday trading to 2,821.90.

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Older Hotels Join Resort-Area Refresh

Those Built in Disney’s Early Days Get 21st Century Updos

When Bill O’Connell entered the hotel business in Anaheim 50 years ago, “Disneyland was closed on Mondays and Tuesdays” for cleaning and repairs.

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Montage Top-20 Global Brand

Irvine-based Montage International’s luxe resort unit, Montage Hotels & Resorts, is the 14th-best resort brand in the world, according to readers of Travel & Leisure magazine.

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OC 500: Russ Bendel

Longtime restaurateur—Cheesecake Factory, Mimi’s—heads burger chain … current role 10 years; IPO 2014 at top of fast-casual craze … $300M market cap … $153M revenue, up from $89M 2015 … $5M net, up from 2015 loss

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Nicholas Hires Top Defense Firm

Broadcom cofounder and billionaire philanthropist Henry Nicholas III has hired one of the most prolific, and high-profile defense attorneys in Nevada after his arrest late Wednesday night on suspicion of trafficking heroin, methamphetamine, ecstasy and cocaine.

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Midday Stock Roundup

The S&P 500 was down 0.8% in midday trading to 2,831.49.

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Biolase Gets New CEO

Irvine-based Biolase Inc. (Nasdaq: BIOL) on Aug. 8 named Todd Norbe president and chief executive.

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Cannabis Company Grows Revenue, Margins

Terra Tech Corp. (OTC: TRTC) said quarterly revenue increased 11% to $8.7 million, year-over-year, but net loss also increased, to $11.4 million from $500,000.

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OC 500: Matthew Witte

Co-founded two predecessor funds, mid- 1990s … has initiated, closed, managed investments in 35+ companies … resume includes roles at software companies, others, sold to big players … Grosvenor International, London-based developer … brother OC 500’s Bill Witte … partners in Related Cos. 1989 … current, former boards: Marina Medical Inc., Promax Nutrition Corp., Fire Grill LLC, STEC … B.S. Cornell

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Molecular Diagnostics Co. Agendia Raises $35M

HEALTHCARE: Commercial Expansion and Big Data Programs

The future of healthcare is moving towards precision, a.k.a., personalized medicine—and molecular diagnostics play an increasingly important role in one of the main components of precision medicine, gene-specific therapeutics.

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Hotel Sales Down 50% YTD

Eight hotels with 955 rooms sold in Orange County through the first six months of the year, compared to 16 hotels with 1,803 rooms, year-over-year, according to Atlas Hospitality Group in Irvine.

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Windes Acquires Irvine Accounting Firm

Windes Inc., a Long Beach-based accounting firm, has acquired Irvine’s Allen, Haight & Monaghan LLP. Terms weren’t disclosed; the firms will practice under the moniker of Windes.

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Carrick Capital Adds Stake in Health Services Firm

Newport Beach’s Carrick Capital Partners LLC bought a majority stake in Discovery Health Partners, a payments company in the health industry. Terms weren’t disclosed.

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Midday Stock Roundup

The S&P 500 was up 0.1% in midday trading to 2,860.94.

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Orange Coast Auto Group Buys South Coast Acura

Costa Mesa-based Orange Coast Auto Group acquired South Coast Acura in Costa Mesa for an undisclosed sum on Thursday.

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Show Goes On: HB Event Flies Under New Banner

MARKETING: Code Four answers Code Red for money-losing event

Visitors will get the thrill of seeing fighter jets dart across the sky at the third annual Huntington Beach Airshow in October, but spectators will also get a chance to enjoy some special perks—for an extra cost.

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OC 500: Debra Gunn Downing

Role took on increased intensity 2016— planning 2017 … 50th anniversary, Segerstrom Family’s luxe retail layout … mall’s annual sales near $2B … cast party, American Ballet’s ‘Whipped Cream’ after global debut,

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Lazy Dog Adds Georgia

Lazy Dog Restaurant & Bar will open a location in Georgia next spring, a new market for the Huntington Beach-based casual dining chain.

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