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

Ranks of OC’s Wealthiest Rise

ECONOMY: 20th edition counts 47; 31 billionairesLocals, weekenders — $111B

Edwards on Upswing As Surgeries Rebound

DEVICES: Treatment delays over, CEO says

Mussallem: ‘we carried on’

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Japan’s Nexon Closing Irvine Online Game Studio

60 People Reportedly Worked at Local Facility

Nexon Co., a Japan-based developer and publisher of online games, is closing its Irvine studio even though there’s a boom for at-home playing during the coronavirus pandemic.

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Masimo Launches Patient Charting, Alerts Platform

UCI Medical Center Uses Devices for COVID-19 Care

Irvine-based device maker Masimo Corp. (Nasdaq: MASI) recently unveiled its UniView: 60 platform, which provides clinicians with important patient reminders and advisories in a clean, concise display outside of each patient’s room.

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Karma Chameleon

With Changes, CEO Says Luxe Automaker’s Never Been Clearer on Direction

Karma Automotive LLC is wagering its technology will push it to the forefront of the electric vehicle industry, despite side-eyes from some critics of the luxury automaker’s business model.

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OC Banks Signal They Will Survive Coronavirus

FINANCE: Say clients seeking fewer deferments

The largest publicly traded banks headquartered in Orange County collectively breathed a sigh of relief when reporting second-quarter results in recent weeks.

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Luxury’s Allure

Buyers, Brokers on What the Super Wealthy Want

The location, location, location of Bill Gross

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El Pollo Loco Same-Store Sales Growth Continues

Trend began in the chain’s second quarter

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CoreLogic Activists Declare Proxy Fight

Accuse company of ‘scorched Earth’ defense; seek board change

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OC LEADER BOARD

Game-Changing Philanthropy In Unprecedented Times

In the midst of layered and intersecting crises, we are facing a watershed moment.

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Montrose Environmental: Newest OC Star on Wall Street

FINANCE: Says CEO: ‘We’re in a beautiful space’

Shares up in IPO

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LT Platinum Site Reworked for ‘More Tangible’ Uses

Mixed-Use Plans Now Count Rentals, Grocer

After several years and a 2019 change of ownership, plans appear to be moving ahead for the development of a prominent mixed-use site not far from Angel Stadium in Anaheim’s Platinum Triangle.

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Prologis Adds Orange Development to OC Pipeline

Built on Spec; To Open by Late ’21

Prologis Inc., the country’s largest owner of warehouse and distribution properties, has plans for another Orange County industrial development.

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Vinny Smith Finds Golden Touch Again

FINANCE: OC’s top VC invests in pre-IPO Nikola

Market cap triples

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Kingston Pays $60M For Embedded Memory Maker

Takes Majority Stake In Phison Venture

Kingston Technology Corp., founded and run by billionaires John Tu and David Sun, is consolidating its hold over a joint venture it set up with a Taiwanese company a decade ago.

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STARTUPS & INNOVATIONS

Language-learning virtual reality software firm Immerse Inc. in Irvine nabbed a one-year contract with Microsoft, beginning this month. Terms of the deal were undisclosed.

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Midday Stock Roundup

Montrose pops; Chipotle, Banc of California beats

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CoreLogic Boosts Dividend 50%

Also Reports Q2 Sales, Profit Topping Estimates

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First American’s Title Unit Accused by New York Regulators

Says Millions of Sensitive Consumer Documents Exposed

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Allied Expands in Chicago with Acquisition

Buys security turnkey installer Phoenix Systems

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CalAmp’s New CEO Operating Virtually

TECHNOLOGY: New hires for telematics firm

Gardner goes high-tech

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WeWork Could Shed Big Spectrum Location

REAL ESTATE: 116K-SF spot at campus yet to open

Coworking co. not working at new digs

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CoreLogic Says Activists Need Higher Bid to See Books

Says $65 offer doesn’t reflect outlook

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Report: Pimco Buying $310M Office Tower

REAL ESTATE: Part of new investment strategy

Moving on up, up North

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Mavenlink Says Growth Continues During Coronavirus

40%-Plus Annually; CFO Has IPO Experience

Irvine-based Mavenlink Inc. says it’s hearing from clients that its software for streamlining companies’ workflows is even more important now during the COVID-19 pandemic.

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