FINANCE

Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...

LoanDepot Bullish On Economy

MORTGAGES: To hire 1,300 companywideWhile some executives fear a slowdown or worse, a recession, loanDepot LLC is going full steam ahead.

Glaukos Licenses Eye Care Tech

San Clemente-based Glaukos Corp. (NYSE: GKOS) licensed technology from Intratus Inc. in San Diego to develop and sell new eye care drugs.

Tease photo

BioLargo Gets USAF Work

Environmental engineering firm BioLargo Inc. (OTC BLGO) in Westminster said a unit won two subcontracts to provide air quality environmental engineering work for five United States Air Force bases in Texas and Arizona.

Tease photo

ShiftPixy Revenue, Losses Up

Irvine-based ShiftPixy Inc., (Nasdaq: PIXY), a tech-based temp agency for restaurants, said third-quarter revenue increased 53% to $14.3 million, compared to $9.4 million for the third quarter of fiscal 2018.

Tease photo

Iteris Gets $3M

Santa Ana-based Iteris Inc. (Nasdaq: ITI) received $2.95 million, part of a five-year, $19.5 million contract to help build “intelligent transportation systems” for the Federal Highway Administration.

Tease photo

Overwatch League Expands Travel Plans

Blizzard Entertainment’s eSports league, based on its Overwatch franchise, will expand its travel schedule next year, its third season, to include two weekends of homebased gaming competitions each of its 20 teams in six countries.

Tease photo

NB Marriott Sells for $78M

Newport Beach Bayview Marriott was sold for $78 million, or about $307,000 per key for the 254-room property.

Tease photo

OC Unemployment Rate Rises to 3%

Orange County’s unadjusted jobless rate rose to 3% in June, up from a revised 2.4% in May and below the year-ago estimate of 3.2%, according to the state Employment Development Department.

Tease photo

SchoolsFirst Moves Ahead on New HQ

SchoolsFirst Federal Credit Union got the city of Tustin’s nod to build its new corporate headquarters.

Tease photo

UCI Prof Gets $15M Grant

University of California-Irvine professor of pediatrics, neurology, and anatomy Dr. Tallie Baram received a five-year, $15 million National Institutes of Health grant.

Tease photo

Bixby Buys Beyond Cali

Newport Beach-based Bixby Land Co. bought nearly 900,000 square feet of industrial space in Atlanta and Dallas on undisclosed terms.

Tease photo

Veritone Expands Radio Deals

Costa Mesa-based Veritone Inc. (Nasdaq: VERI) said it expects more broadcast clients of its artificial intelligence-based ad tracker.

Tease photo

OCTANe Launches Family Office Effort

Aliso Viejo-based OCTANe is starting a new venture.

Tease photo

Goldman Sachs Completes United Capital Buy

Goldman Sachs Group Inc. (NYSE: GS) has completed its acquisition of Newport Beach-based United Capital Financial Partners Inc. for $750 million in cash.

Tease photo

Walters to B. Riley Board

Former U.S. Congresswoman Mimi Walters has been named to the board of B. Riley Financial Inc.

Tease photo

Allied Universal Buys Phoenix Security Firm

Santa Ana-based security and facility services giant Allied Universal bought Phoenix-based Shetler Security Services on undisclosed terms.

Tease photo

OZ Heating Up in OC

One of Santa Ana’s first Opportunity Zone projects has begun, a 40,000-square-foot office building called First Harbor Plaza, by Diamond Bar developer Primior,

Tease photo

Huntington Beach Office Sells for $97M

An 8.6-acre office and retail complex in Huntington Beach has sold for $97.3 million.

Tease photo

William Lyon Homes Buys Mortgage Banker

Newport Beach’s William Lyon Homes (NYSE: WLH) has bought South Pacific Financial Corp., a retail mortgage banking company based in Irvine.

Tease photo

Smith-Backed True Drinks Changes Name

True Drinks Holdings Inc. of Costa Mesa changed its name to Charlie’s Holdings Inc. and received approval for a ticker symbol change from TRUU to CHUC as of July 3.

Tease photo

No Devil in Blizzard Christmas Details

Irvine’s Blizzard Entertainment Inc. is designing Diablo 4, according to a report in France’s Le Monde newspaper and subsequent chatter on several gaming sites.

Tease photo

Chapman Forecast: Housing Market Healthy

Chapman University data, countering conventional wisdom, suggests a healthy housing market in OC.

Tease photo

Iteris Closes $11M Acquisition

Iteris Inc. in Santa Ana closed its $10.7 million acquisition of Tampa, Fla.-based Albeck Gergen Inc. Key principals of the Florida traffic engineering firm could earn another $2.3 million from incentives over the next three years.

Tease photo

Cloudvirga Adds to Exec Ranks

Irvine’s Cloudvirga, a fast-growing mortgage software company that has raised more than $77 million from investors since its 2016 founding, has hired Maria Moskver as chief legal and compliance officer.

Tease photo

Blackstone’s Stearns Files BK

Santa Ana’s Stearns Holdings LLC, the country’s 20th-largest mortgage lender, filed for chapter 11 protection this morning in U.S. Bankruptcy Court in New York.

Tease photo

Budget Blinds Franchiser Bought

Irvine-based Home Franchise Concepts was purchased by JM Family Enterprises Inc. in Deerfield, Fla., on undisclosed terms.

Tease photo

Prev