FINANCE

OCers Hit, Miss Forbes Rich List

Forbes’ list of the world’s billionaires is out and several notable OC names are on it.

Tease photo

Lazy Dog Enters Houston

Costa Mesa-based Lazy Dog Restaurant & Bar plans to open a location near Houston later this year, a new market for the casual dining chain that has five locations open or in development in the suburbs of Dallas.

Tease photo

Banc of California Names New CEO

Banc of California Inc., the second largest bank based in Orange County, named Jared Wolff as chief executive officer, replacing Doug Bowers, effective April 29.

Tease photo

Coolsys Buys 160-Employee Firm

Brea-based Coolsys, the largest refrigeration and heating system company in the U.S., said it bought a 160-employee firm to expand into the northeast. Terms weren’t disclosed.

Tease photo

OC LEADER BOARD

Tales from Inside The Secret World of Private Equity

Editor’s Note: Adam Coffey is chief executive of Brea-based Coolsys, America’s largest refrigeration and HVAC service company.

Tease photo

Stretto Buys Bankruptcy Tech Firm

Irvine-based Stretto, which supplies services for both corporate and consumer bankruptcies, acquired CINgroup to enlarge its technology services.

Tease photo

American Vanguard to Buy Bankrupt Firm’s Products

American Vanguard Corp. (NYSE: AVD) in Newport Beach has agreed to buy product lines and inventory from Willowood USA LLC in Broomfield, Colo., subject to court approval as part of the seller’s bankruptcy and set to close, if approved, in mid-April.

Tease photo

Habit Shares Jump on Forecast

Habit Restaurants Inc. (Nasdaq: HABT) in Irvine forecast 2019 revenue higher than analysts expected, sending shares more than 15% higher in recent trading.

Tease photo

Tri Pointe Forecasts Fewer Homes

Irvine-based homebuilder Tri Pointe Group Inc. (NYSE: TPH) reported a 34% jump in net income during the fourth quarter while forecasting a decline in both new homes and their average selling prices this year.

Tease photo

Blackberry Completes Cylance Buy

Canada’s Blackberry Ltd (NYSE: BB) completed the previously announced $1.4 billion acquisition of Irvine’s Cylance Inc., a provider of Internet security using artificial intelligence.

Tease photo

BJ’s Income Up; Shares Down on Earnings Miss

Shares in Huntington Beach-based BJ’s Restaurants Inc. (Nasdaq: BJRI) declined about 8% to a market cap of $1 billion in Friday trading as the casual dining chain missed quarterly earnings estimates by a penny a share.

Tease photo

Sunstone Quarterly Revenue Up

Aliso Viejo-based hotel REIT Sunstone Hotel Investors Inc. (NYSE: SHO) reported better-than-expected fourth-quarter results Tuesday, with revenue increasing 3.2% to $280.9 million in the period.

Tease photo

Blizzard Cuts Jobs

Blizzard Entertainment Inc. may cut as much as 180 jobs at its Irvine headquarters as part of a large-scale restructuring initiated by Santa Monica parent Activision Blizzard Inc.

Tease photo

Edwards Makes $100M Acquisition

CAS Medical’s technology “provides an important indicator of oxygen levels in the brain, which can enhance clinician decision-making,” said Katie Szyman, Edwards' corporate vice president, critical care, in a statement.

Tease photo

Real Estate Data Firm Bought

Irvine’s ATTOM Data Solutions has been acquired by Lovell Minnick Partners, a Philadelphia-based private equity firm, on undisclosed terms.

Tease photo

Taco Bell Sales Near $11B

Irvine-based Taco Bell Corp. fourth quarter systemwide sales rose 8% to $3.3 billion and full-year sales climbed 6% to $10.8 billion, its parent company, Yum Brands Inc. in Louisville, Ky., said.

Tease photo

TTM Q4 Profit Tops Consensus

TTM Technologies Inc. (Nasdaq: TTMI) reported a record fourth quarter adjusted profit that beat Wall Street expectations.

Tease photo

Chipotle Jumps on Comps Crush

Chipotle Mexican Grill Inc. (NYSE: CMG) shares leapt some 14% as the Newport Beach-based fast casual chain reported results that topped estimates for revenue, earnings and same-store sales.

Tease photo

Biogennix names CFO

Biogennix, an Irvine-based maker of bone graft substitutes, appointed Robert Baizer as its first chief financial officer.

Tease photo

Disneyland Resorts Q1 Revenue Up 5%

Walt Disney Co.’s parks and resorts division, which includes Anaheim’s Disneyland Resort, first quarter revenue rose 5% to $6.8 billion while operating income increased 10% to $2.2 billion from the same period a year earlier.

Tease photo

Bill Gross to Retire

Bill Gross, the 74-year-old one-time bond king who helped transform Newport Beach’s Pacific Investment Management Co. into one of the world’s largest money management firms, announced he is retiring on March 1.

Tease photo

Business Journal Honors Five CFOs

On Thursday evening, members of the business community gathered to honor Orange County executives at the Business Journal’s 12th annual CFO of the Year Awards.

Tease photo

Acorns’ Valuation Soars to $860M in Latest Round

Fast-growing Irvine fintech firm Acorns Grow Inc. has raised $105 million in its latest funding round, pushing its valuation to nearly $860 million, tripling its value since 2016, the Wall Street Journal reports.

Tease photo

Stacked Taps Yard House Vet for First COO

Huntington Beach-based fast casual Stacked Restaurants LLC named Craig Carlyle, a former senior executive at Irvine-based Yard House USA Inc., its first chief operating officer.

Tease photo

NextGen Q3 Profit Beats Estimates

NextGen Healthcare Inc. (Nasdaq: NXGN), the biggest publicly traded health care software provider based in Orange County, reported fiscal third quarter adjusted profit of 18 cents, which topped analyst expectations of 15 cents.

Tease photo