Peter J. Brennan

Executive Editor

Email: brennan@ocbj.com
Phone: 949-833-8373 Extension: 229

Recent Stories

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.

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Stearns Bankruptcy Kicks Off Brawl

FINANCE: PIMCO, Blackstone at odds

Stearns Holdings LLC, a one-time Santa Ana-based mortgage powerhouse, declared Chapter 11 bankruptcy last week.

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LoanDepot Bullish On Economy

MORTGAGES: To hire 1,300 companywide

While some executives fear a slowdown or worse, a recession, loanDepot LLC is going full steam ahead.

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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.

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Midday Stock Roundup

The S&P 500 fell 0.2% in midday trading to 2,988.86.

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Iran’s Loss is Orange County’s Gain

COMMUNITY: Persian execs explain their successes

It was 40 years ago that the Shah of Iran fell, replaced by a theocracy that resulted in millions leaving the country.

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Astro Pak Outlasts Cold War, Flourishes

SERVICES: Finds niche cleaning precision components

Astro Pak Corp. is a byproduct of the 1950s Cold War between the U.S. and the U.S.S.R.

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Restaurant365 Raises $88 Million

Irvine-based Restaurant365, a cloud-based restaurant accounting software, said it’s closed an $88 million minority investment led by ICONIQ Capital, a Silicon Valley-based growth equity firm.

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Midday Stock Roundup

The S&P 500 was up 0.2% in midday trading to 2,921.72.

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Mechanics Bank to Have 2 CEOs

Mechanics Bank (OTCBB: MCHB) announced it will have two chief executives after its acquisition of Rabobank, N.A., a subsidiary of Rabobank Group.

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