Michael Lyster


Michael Lyster is editor of the Business Journal. He directs the paper's coverage and layout and oversees a team of award-winning reporters. He also oversees the paper's Web site. He can be reached at lyster@ocbj.com.

Email: lyster@ocbj.com
Phone: 949-833-8373 Extension: 254

Recent Stories

Grubb Gets $18M Loan, Colony Funding Half

Santa Ana-based real estate brokerage Grubb & Ellis Co. has secured $18 million in financing, with half coming from Los Angeles-based Colony Financial Inc.

Microsemi Prevails With Upped Offer for Defense Electronics Maker

Irvine-based chipmaker Microsemi Corp. has prevailed uncontested with a higher offer for a Camarillo-based defense electronics maker.

Fisker Raises $40M, Total at $1B in Private, Public Money

Irvine-based luxury hybrid auto developer Fisker Automotive Inc. has raised $40 million in additional investor funding, bringing its total in public and private money to more than $1 billion.

Nursing Home Operator Skilled Considering Sale of Real Estate or Entire Company

Foothill Ranch-based nursing home operator Skilled Healthcare Group Inc. is looking at a potential sale of the company.

Rebound Plays Out at Public Cos.

ECONOMY: 2010 sales up big, profits surge; more gains seen

PUBLIC COMPANIES: OC’s largest public companies saw a big rebound last year

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Broadcom Revenue Surge Propels Chipmaker’s Rank

PUBLIC COMPANIES - Profiles of the biggest: No. 3 Broadcom Corp.

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Ingram Holds Public Company Crown, Sees Big 2010

PUBLIC COMPANIES - Profiles of the biggest: No. 1 Ingram Micro Inc.

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Report: Broadcom Eyeing CEO's Former Company, NXP

Irvine chipmaker Broadcom Corp. could be in the running to acquire NXP Semiconductors NV of the Netherlands, according to a report in a Dutch newspaper.

Report: Lakers Mounting Push Against Kings' Anaheim Move

For the Sacramento Kings to move to Anaheim, the basketball team will have to go through Los Angeles. Literally.

Microsemi Tops Offer for Defense Electronics Maker

Irvine-based chipmaker Microsemi Corp. has upped the ante for a Camarillo-based defense electronics maker.

Richard Branson Outlines Deep-Sea Submarine Voyages in Newport Beach

Billionaire Richard Branson was in Newport Beach Tuesday to unveil plans for his latest adventure: exploring the depths of the world’s oceans.

Epicor Being Acquired for $976 Million

Irvine-based business software maker Epicor Software Corp. is being bought for $976 million by London-based private equity firm Apax Partners LLC.

Sunstone Hotel Raising $100M in Stock Offering

Aliso Viejo-based hotel owner Sunstone Hotel Investors Inc. has priced 4 million shares of preferred stock in an offering that’s set to raise $100 million before fees.

County Visitors Flat in 2010, Spending Up

Orange County drew 42.7 million visitors in 2010, about even with 2009, while spending by tourists and business visitors rose 4% to $7.4 billion, according to the Anaheim/Orange County Visitor & Convention Bureau.

Netlist Jumps on New Patents

Shares of Irvine-based computer memory products maker Netlist Inc. jumped Wednesday on word of newly granted patents.

Grubb & Ellis Lands $18M Financing; Shares Jump

There’s another big move in shares of Santa Ana-based Grubb & Ellis Co. on word the real estate brokerage has secured $18 million in financing.

Former OC Drug Maker Valeant Makes Waves With Hostile Bid for Cephalon

Drug maker Valeant Pharmaceuticals, which moved its headquarters from Aliso Viejo to Canada late last year, is the story of the day on Wall Street with a hostile takeover bid for Pennsylvania biotechnology company Cephalon Inc.

Another Wild Swing for Grubb & Ellis Shares

Shares of Santa Ana-based Grubb & Ellis Co. rose Tuesday after a big swoon on Monday.

Broadcom Outlines Settlement

Irvine-based chipmaker Broadcom Corp. has outlined the terms of a preliminary settlement with a current executive and two former executives to resolve a shareholder lawsuit dealing with stock options backdating.

Report: Pimco Setting Up Fund To Buy Bank Assets

Newport Beach-based mutual fund manager Pacific Investment Management Co. is said to have raised more than $1.5 billion to buy assets from banks looking to shore up their balance sheets.

First American Names McKee, McKernan to Board

Santa Ana-based title insurer First American Financial Corp. has made two notable appointments to its board of directors: Thomas McKernan and Michael McKee.

Broadcom Buying Israeli Wireless Network Chipmaker for $313M

Irvine-based chipmaker Broadcom Corp. is buying Israeli chip startup Provigent Ltd. for $313 million.

Report: Samueli, Nicholas Turn Over Options To Help Fund Broadcom Settlement

Broadcom Corp. cofounders Henry Nicholas and Henry Samueli have agreed to pay the company more than $50 million as part of the chipmaker’s settlement of a shareholder lawsuit dealing with stock options backdating, according to a report.

Fletcher Jones Revives Plans for Ontario Dealership

Fletcher Jones Motorcars, whose Newport Beach Mercedes dealership is the largest in the county, is reviving postponed plans to open a dealership in Ontario.

Smile Brands Executive, Other Entrepreneurs Honored

Steve Bilt, cofounder of Irvine-based dental services company Smile Brands Group Inc., was honored along with five others at the Business Journal’s 10th annual Excellence in Entrepreneurship Awards in Irvine.

Kings Basketball Team Looking at Names for Potential Anaheim Move

The Sacramento Kings basketball team has filed for rights to several names should the team move to Anaheim’s Honda Center.

Pacific Sunwear Slumps After Results, Forecast

Shares of Anaheim-based Pacific Sunwear of California Inc. fell Wednesday, a day the mall retailer missed expectations with quarterly results and offered a disappointing outlook for the current quarter.

Standard Pacific Names President

The chief operating officer at Standard Pacific Corp. was named president of the Irvine-based homebuilder Wednesday, putting him on a path to potentially become chief executive.

Corinthian Shares Jump on Fewer Student Loan Defaults

Shares of Santa Ana-based Corinthian Colleges Inc. surged Monday on word from the vocational school operator that fewer students defaulted on loans in the past two years.

Movie Theater Operator Sanborn Hires Adviser, Exploring Options

Newport Beach-based Sanborn Theatres Inc., a family-owned movie theater operator, has hired an investment bank to explore a possible sale, financing or other options.

Pimco's Gross Addresses Bond Selloff, Japan

Bill Gross, co-chief investment officer at Newport Beach-based Pacific Investment Management Co., elaborated Friday on his recent move to sell all U.S. bonds from his $236.9 billion Pimco Total Return fund, the world’s largest mutual fund.

Clean Energy Jumps on Q4 Results

Shares of Seal Beach’s Clean Energy Fuels Corp. jumped Friday a day after the operator of natural gas fueling stations reported better than expected earnings.

Ceradyne Invests in Japanese Materials Maker

Costa Mesa-based Ceradyne Inc., a maker of military and industrial ceramics, has taken a minority stake in a Japanese maker of materials for nuclear power plants, solar power, optical networks and chip making.

Pimco's Gross Sells Off U.S. Treasuries

Bill Gross, co-chief investment officer at Newport Beach-based Pacific Investment Management Co., has sold all U.S. bonds from his $236.9 billion Pimco Total Return fund, the world’s largest mutual fund.

Olenicoff Up Among Locals on Forbes World’s Billionaires List

All but one of Orange County’s entries slipped in ranking on Forbes’ 2011 list of the world’s billionaires released Wednesday.

Resources Connection Jumps on Upgrade

Irvine-based professional services company Resources Connection Inc. saw its shares higher Monday after analysts at Barclays Capital upgraded the stock.

Homebuilder California Coastal Emerging from Bankruptcy

Irvine-based homebuilder California Coastal Communities Inc. said it plans to emerge from bankruptcy next week.

Conexant Selling to Private Equity Firm

Chipmaker Standard Microsystems Corp. is folding in a brief contest to acquire Newport Beach-based Conexant Systems Inc., which now is set to be sold for $282 million to a San Francisco private equity firm.

Acquisitions Fuel Sales Gain for Billabong USA

Acquisitions by Irvine-based clothing maker and retailer Billabong USA helped drive higher revenue for its Australian parent for the six months through December.

Regulators OK Allergan's Lap-Band for Wider Use

Regulators have approved Irvine-based Allergan Inc.’s Lap-Band weight-loss device for more patients.

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Deals Spur Grubb & Ellis Revenue; Losses Persist

Santa Ana-based real estate brokerage and investor Grubb & Ellis Co. reported higher fourth-quarter revenue as it handled more deals, though profits proved more elusive.

Rockwell Collins Closing Irvine Plant

Aviation electronics maker Rockwell Collins Inc. plans to lay off 140 workers by summer at an Irvine plant.

Chipmaker Conexant Soars on Rival Buyout Offer

Shares of Newport Beach-based Conexant Systems Inc. soared on Tuesday to reflect a rival buyout bid by San Francisco’s Golden Gate Private Equity Inc.

Danaher Buying Beckman for $6.8 Billion

Brea-based medical instruments maker Beckman Coulter Inc. is being acquired for $6.8 billion—or about 33% more than what the company was worth on Friday—by Danaher Corp. of Washington, D.C.

Wet Seal Sees Big Jump in Jan. Sales, Ups Profit Outlook

Foothill Ranch-based mall clothing retailer Wet Seal Inc. reported a better than expected surge in January sales and upped its profit outlook for the recently ended quarter.

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Regulators Give Pacific Mercantile Bank More Time

The parent of Costa Mesa’s Pacific Mercantile Bank, the largest homegrown bank in the county by assets, said it wasn’t able to meet terms of an August deal with regulators as scheduled but is being given more time to do so.

Corinthian Rises on Outlook; Cutting Jobs, Raising Tuition

Shares of Santa Ana-based Corinthian Colleges Inc. rose Tuesday after the company said profits and revenue for the current quarter could come in better than expected as the company cuts jobs and raises fees at its vocational schools.

Report: Private Equity Firm Drops Out of Joint Beckman Bid

A private equity bidder for Brea-based Beckman Coulter Inc. has dropped out of a joint offer for the company, according to Bloomberg.

Analyst: Billabong Could Be Takeover Target

The Australian parent company of Irvine-based clothing maker Billabong USA could be a possible takeover target, according to an analyst.

CoreLogic's Piszel, Other CFOs Honored

The chief financial officer who helped foster the biggest debut of a public company here in years was honored Tuesday along with four other financial executives.