Web & Data Editor/Reporter
Karma Automotive LLC in Irvine appointed Ashoka Achuthan chief financial officer, replacing Cameron Adamson, who had held the post about five years.
Costa Mesa-based El Pollo Loco Holdings Inc. (Nasdaq: LOCO) named Miguel Lozano chief operating officer. He joins the company April 1.
Markets initiated a rebound after the Federal Reserve indicated it won’t raises rates again this year. The S&P 500, which was down 0.5% earlier in midday trading, rose to flat at 2,832.24.
Framroze “Fram” Virjee, who has been president of California State University-Fullerton under a temporary posting for about 15 months, was named to “the permanent presidency” by California State University’s Board of Trustees.
The Los Angeles Angels and Mike Trout are nearing a deal worth $430 million likely to keep the star, 27-year-old outfielder in Anaheim for the rest of his career, according to a report today from ESPN.
Global Firm Nearly Twice The Size In Orange County With New Team
Morgan, Lewis & Bockius LLP is doubling down on Orange County, in particular the region’s growing base of technology and life sciences firms that need help navigating intellectual property, patent and trademark litigation and enforcement-related matters.
Count Up Less Than 1%; Double-Digit Firm Shifts
First thing we do is count all the lawyers. This week’s Business Journal list of the top law firms in Orange County ranked by number of attorneys here show about 2,700 spread across 88 firms, from No. 1 Knobbe Martens with more than 150 to the four firms tied at No. 85, which have 10 apiece, the cutoff for being ranked this year.
Shares in Costa Mesa-based El Pollo Loco Holdings Inc. fell sharply following its quarterly report, declining more than 15% Friday and dipping below a $500 million market cap.
Forbes’ list of the world’s billionaires is out and several notable OC names are on it.
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.
County Fills Shopping Cart Just Fine From Food Suppliers List
Charting foodmakers in Orange County is like nailing Jell-O to the wall—given that the powdered gelatin, an early patent of which predates the 1889 formal founding of OC by 44 years, is possibly the only edible substance someone isn’t making locally.
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.
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.
The federal Pension Benefit Guaranty Corp. sued the former owners of the Orange County Register on Feb. 14 alleging “breach of fiduciary duties” related to the newspaper’s employee pension fund.
Tough to Top Samuelis’ Transformative $200M
It’s hard to beat $200 million from a tech billionaire to develop and fund an entire health sciences college at a major research university and a $120 million campaign led by the Muscos and with giving from multiple donors to save a church and monastery with historical roots dating to the 12th century—two record-breaking donations announced in 2017.
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.
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.
RESTAURANTS: Bet on Niccol adds $7.8B in value
When Chipotle Mexican Grill Inc. reports fourth-quarter and full-year results Wednesday, it will be almost a year since it named Chief Executive Brian Niccol to head the fast-casual restaurant company.
Markets were higher on expectations the Federal Reserve held steady on interest rates today.
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.
Foreign Firms’ Employment Flat, With Exceptions
The biggest foreign-owned firms in Orange County by employment saw little change in their combined workforce in 2018, but specific companies and industries made notable moves and what the list doesn’t reflect, at least not yet, could be even more influential on the group.
OC’s Bar Scene Is Growing Up
A tech guy walks into a bar. He owns it. Not much of a joke, but Gary Jabara’s not kidding with Chihuahua Cerveza, a taco joint he opened in the former Crow Burger Kitchen spot on Balboa Peninsula.
Stitch Fix Inc. named Liz Williams, president of Taco Bell International, to its board, noting her experience with branding and foreign markets.
Shares in Lake Forest-based Del Taco Restaurants Inc. (Nasdaq: TACO) rose 6.4% after reporting fourth quarter preliminary results and issuing a 2019 forecast.
Two new events at Anaheim Convention Center reflect efforts by area tourism marketers to play to the city’s strengths and bring larger or higher-dollar events to the venue.
Chain’s Popularity Grows As CEO Avoids Limelight
When business is about tortoises and hares, Habit Restaurants Inc. Chief Executive Russ Bendel is quite content to be the turtle.
Home Franchise Concepts in Irvine on Jan. 1 bought AdvantaClean in Huntersville, N.C., on undisclosed term, its fourth home-improvement franchise system. It already owned Budget Blinds, Tailored Living and Concrete Craft.
REAL ESTATE: Grippo jumps on board
Bellwether Financial Group’s naming of Irvine Co. veteran Ralph Grippo as a principal provides a signal on the future direction of the company’s coastal projects, including a $338 million renovation of Dana Point Harbor.
John Wayne Airport passenger traffic declined about 5% year-over-year in November to 850,000. Year-to-date passenger totals are up about 3.3% to 9.8 million.
Passenger traffic at Long Beach Airport declined 18% in October and 9% in November compared with the same months last year, to 270,000 and 293,000, respectively.
Chipotle Mexican Grill Inc. (NYSE: CMG) in Newport Beach named Roger Theodoredis chief legal officer and Tabassum Zalotrawala chief development officer.