OC BUSINESS JOURNAL DAILY NEWS

Midday Stock Roundup

The S&P 500 was up 0.9% in midday trading to 2,568.67.

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AI Firm Veritone Balks at Buyout

TECHNOLOGY: Apis Capital makes unsolicited bid

Apis Capital Management really likes Veritone Inc., to the point of offering to buy it at an 82% premium.

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OC 500: Susan Samueli

Founding chairwoman, Orangewood Foundation … backs charter school Samueli Academy … UCI Foundation trustee; eponymous center for integrative medicine, UCI, established 2001; UCI Medal 2000 … born, raised San Fernando Valley … bachelor’s, math, Berkeley; PhD nutrition, American Holistic College of Nutrition … Business Journal OC’s Wealthiest, OC 50

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Midday Stock Roundup

U.S. markets continued to decline amid signs of a global slowdown.

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CKE Closes Shop

AltaMed’s Buy Marks End to Restaurant Co.’s OC Presence

An Anaheim office built for CKE Restaurants Holdings Inc.—parent company of one of Orange County’s iconic businesses, burger chain Carl’s Jr.—has been bought by a healthcare provider, marking an end to CKE’s corporate ties in the area.

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OC 500: Henry Samueli

Chipmaker-philanthropist … he and wife, Susan, have committed $250M to UCI, $60M to UCLA … has also backed Chapman U: library named for parents, Sala and Aron … focus on engineering, health sciences; support via scholarships, faculty recruitment … 2017 Fellow, National Academy of Inventors … Broadcom bid to buy Qualcomm for $117B … deal nixed for national security … Business Journal OC’s Wealthiest, OC 50

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Midday Stock Roundup

The major U.S. indexes all fell more than 1% in another volatile trading session, fueled by economic concerns about China and Europe, and blue chippers like Johnson & Johnson, Adobe Inc., and Costco Wholesale Corp

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Chipotle Adds Legal, Development Execs

Chipotle Mexican Grill Inc. (NYSE: CMG) in Newport Beach named Roger Theodoredis chief legal officer and Tabassum Zalotrawala chief development officer.

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Chapman Sees Slowing Economy

The economies of Orange County, California and the U.S. should continue their expansions next year, albeit at slower rates, according to Chapman University’s annual economic forecast.

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FirstElement Takes Lead On Hydrogen-Fueled Cars

AUTOMOTIVE: Fuels up with Air Liquide investment

The next wave of alternative-fuel vehicles zipping around Orange County are hydrogen-powered cars, and an Irvine-based upstart with a growing list of investors, FirstElement Fuel Inc., is ready to lead the pack.

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OC 500: Peter Ueberroth

50-year OC business, civic, investment involvement … Time ‘Man of Year’ after first-ever profitable U.S. Olympic Games, L.A., 1984 … MLB commish ... leads ownership, Pebble Beach … family in hospitality (see niece Lindsey), harbors (see son Joe), giving (wife Ginny) … Business Journal OC 50 … accidental entrepreneurship—told Pelican Hill magazine, 2015, ‘you can’t find a job, so you start a business’

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Buena Park Food Maker Sold

Buena Park-based Simply Fresh Foods was sold to Lakeview Farms LLC in Delphos, Ohio.

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Taco Bell Gets 2nd Down Under Franchiser

Taco Bell Corp. of Irvine signed its second franchiser for Australia and New Zealand, more than doubling the number of units it plans in the two countries to 110.

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UCI Health Names COO

UCI Health appointed Chad Lefteris chief operating officer, effective Dec. 17.

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Midday Stock Roundup

The S&P 500 was down 0.2% to 2,646.16.

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Grippo’s New Berth: Bellwether, Dana Point

Bellwether Financial Group in Newport Beach named Ralph Grippo a principal, the company said.

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How Pedego Bikes Tackled the Tariffs

MANUFACTURING: And signed legend William Shatner

The call to Pedego Electric Bikes’ Fountain Valley headquarters came about a year ago.

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OC 500: Lawrence Armstrong

One of fastest-growing midsize private cos. … two-year growth 36% to $90M … architecture, design firm founded 1972 … Armstrong joined mid-80s; he and partner bought 1992 … chairs United Way work: homelessness … need ‘sea change’ in understanding … bachelor’s, Kent State … modern artist … ‘Renaissance approach’ to life; would meet da Vinci (see Lynn Jochim, Richard Sudek) … first car: 1974 Plymouth Valiant … roots for ‘Cleveland Browns!’

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MYnd Names New CEO

Mission Viejo-based MYnd Analytics Inc. (Nasdaq: MYND) appointed Patrick Herguth as chief executive officer, replacing George Carpenter who will assume the new role of chief innovation officer.

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Midday Stock Roundup

Indexes were higher in midday trading on an easing of trade tensions.

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OC 500: Andrew Peykoff II

Andy took lead roles in 2002 at firm founded by father in 1963 … now the leading private label bottled water’ in U.S. … CdM HS; bachelor’s, SMU … roots for Rams, USC football … backs clean water, developing nations, U.S. children’s charities … first car: Jeep Cherokee … would meet Peter Drucker: ‘he effectively created entire platform all successful managers have thrived on, 30+ years’

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Anaheim Power Play

Ducks Owner Pays $125M for Office Site Next to Stadium

Anaheim Ducks owner Henry Samueli has made his largest reported acquisition, buying a three-building office complex that sits next to the Honda Center, home of his hockey franchise.

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Midday Stock Roundup

The S&P 500 was flat in midday trading at 2,637.04.

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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.

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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’

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