Peter J. Brennan

Executive Editor

Phone: 949-833-8373 Extension: 229

Recent Stories

Midday Stock Roundup

The S&P 500 fell 0.4% in midday trading to 2,622.82.

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Uniti Bought for $63.9 Million

Uniti Financial Corp., the largest Korean-American based bank in Orange County, is being bought by Walnut Creek’s BayCom Corp. (Nasdaq: BCML), the holding company for United Business Bank, for $63.9 million.

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Windjammer Fund Raises $870 Million

Newport Beach’s Windjammer Capital Investors said it has completed fundraising for its fifth fund, Windjammer Senior Equity Fund V LP, with aggregate capital commitments of $870 million.

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Opus Bank’s Founder Departs; Questions Remain

FINANCE: Talk of possible sale heats up

Since Steve Gordon’s surprising departure last week as chief executive of Opus Bank, the once high-flying company he co-founded in 2010, the question is what will happen to Orange County’s third-largest bank by assets.

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Midday Stock Roundup

The S&P 500 climbed 0.8% in midday trading to 2,782.96.

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Crown Castle Enters OC Market in Big Way

TELECOM: OC jump hints at wireless potential

Rod Hanson wants to make sure your next-generation wireless devices will be able to connect to the internet super-quickly in Orange County—what’s known as 5G.

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Opus CEO Resigns

Opus Bank (Nasdaq: OPB), the third-largest Orange County-based bank by assets, said Chief Executive and President Stephen Gordon resigned.

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Midday Stock Roundup

The S&P 500 was up 0.9% in midday trading to 2,755.75.

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ABM’s Jue Takes Multi-Tasking to New Level

Assistant GC ‘Loves Being a Lawyer’

When Stacey Jue began her career as a lawyer, she was advised to prepare herself to make a lot of sacrifices.

Safety in Numbers

Security Staffing Giant Allied Universal May Seek IPO With Snap’s Ex-CFO

Allied Universal made a $1 billion buy in July to bring its employment to 210,000.

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Midday Stock Roundup

Stock markets were in a broad retreat today as tech and financial shares plunged. The S&P 500 fell 1.6% in midday trading to 2,690.37, the Dow Jones Industrial Average 1.8% to 24,949.28, and the Nasdaq 2.9% to 7,034.35.

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Unemployment Up to 2.9%

Orange County’s unadjusted unemployment rate rose to 2.9% in October from a revised 2.8% in September and down from year-ago estimate of 3.2%, according to the state Employment Development Department.

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SEC Drops Complaint Against Mazzo

The Securities and Exchange Commission is dropping its complaint of insider trading against James Mazzo, former chairman and chief executive officer of Advanced Medical Optics Inc., for allegedly tipping information about his company's acquisition to a friend, former professional baseball player Doug DeCinces.

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Kofax Buys Unit for $400M

Irvine-based Kofax Inc. is paying $400 million in cash to obtain the document imaging division of Nuance Communications Inc. (Nasdaq: NUAN).

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Allied Universal Names CFO

Santa Ana-based Allied Universal, the largest U.S. security firm, named Andrew Vollero incoming chief financial officer to replace Bill Torzolini, who retires next year after 15 years in the role.

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Midday Stock Roundup

U.S. stocks posted a broad decline led by technology stocks. The Nasdaq dropped 2.5% to 7,221.92; the S&P 500 fell 1.6% to 2,735.18; and the Dow Jones Industrial Average declined 1.9% to 25,503.98.

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BioLargo Tries Reverse Split, Seeks $7.5M, Nasdaq

MANUFACTURING: CEO says problems nothing new

BioLargo Inc. (OTC: BLGO), the largest publicly traded company in Westminster, is in the business of getting rid of bad odors at landfills.

CommerceWest Finds Niche In Customized Loans

FINANCE: CEO sees stock run-up

Ivo Tjan knew his career path when he was 18.

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Beacon Pointe Hires UBS Exec

Newport Beach’s Beacon Pointe Advisors, which has more than $9 billion in assets under management, hired Michael Dow, an executive at UBS Global Asset Management, as chief investment officer and chairman of its investment committee.

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Midday Stock Roundup

The S&P 500 was up 0.1% in midday trading to 2,727.06.

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Firms’ Expansion Slackens

Rate of Asset, Member, Worker Growth Slows

Orange County’s credit unions reported slowing growth in assets, members and employment, based on the Business Journal’s annual list.

OC Banks’ Asset Growth Slows

Report 10% Climb, 28% Jump in Profits

Orange County-based commercial banks’ asset growth slowed to 10% to $37.8 billion for the 12 months ended June 30.

OC Banks Among Falling Safes on Wall Street

FINANCE: Struggling amid rising interest rates, skinnier ‘spreads’

It was a terrible week on Wall Street for Orange County’s biggest banks.

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Midday Stock Roundup

The S&P 500 was up 0.8% 2,681.97.

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OC Banks on Revenue Tear

Pacific Premier, First Foundation Lead Sales

While tech companies often get the glory for rapid growth, six Orange County-based banks are among the leaders on the Business Journal’s list of publicly traded companies with the fastest-growing revenue over a two-year period ended June 30.

Cannabis Companies Explode With Sales

KushCo, Terra Tech Light Up the Way

KushCo Holdings Inc. and Terra Tech Corp. are not just blowing smoke in the cannabis industry.

Willdan Again Finds Fans on Wall Street

ENGINEERING: Price high after Lime Energy buy

It appears Wall Street once again really likes Willdan Group Inc.

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Opus Shares Plummet on Q3 Report

Shares of Opus Bank (Nasdaq: OPB) closed more than 20% Monday after the Irvine bank reported third quarter earnings that missed analyst estimates; shares leveled off in Tuesday midday trading.

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Midday Stock Roundup

The S&P 500 fell 0.4% in midday trading to 2,757.12.

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General Counsels Grow Roles to the Strategic

Say Corporate Trends Include AI, Fees, #MeToo

Glaukos Corp. (NYSE: GKOS) General Counsel Robert Davis, besides handling strictly legal matters for the San Clemente-based medical device maker,

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Regulatory Filings Reveal Hidden Legal Stories

Publicly traded corporations are often involved in lawsuits that stay under the radar, yet involve large amounts of money, not to mention the time of well-compensated executives.

PAAMCO-Prisma Lays Off Local Employees

FINANCE: Eliminates duplicative jobs after merger

PAAMCO Prisma Holdings LLC, a fund of funds with $30 billion in assets under management or advisement, has laid off some local employees.

OC Unemployment Falls to 2.8%

Orange County’s unadjusted unemployment rate fell to 2.8% in September from a revised 3.1% in August and 3.3% a year earlier, according to the state Employment Development Department.

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Carpenter Sells Stake In Pacific Mercantile

FINANCE: Longtime banker again scores hit, reaps returns

Ed Carpenter has done it again.

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Midday Stock Roundup

The S&P 500 rose 0.1% in midday trading to 2,768.80.

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Check, Please. Fund Manager Has Unusual Fee Structure

FINANCE: Firm takes cut only after making profit

Steven Check believes he owns the most unusual investment firm in Southern California.

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Midday Stock Roundup

The S&P 500 fell 0.7% in midday trading to 2,866.17.

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Commercial Bank Names New OC President

Irvine’s Commercial Bank of California (CBC) appointed Michael J. Helmuth to a new role as Orange County market president and Claudia Bodan to a similar new role for Los Angeles.

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Midday Stock Roundup

The S&P 500 climbed 0.5% in midday trading to 2,927.63.

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What Will Irvine Look Like in 20 Years?

Haddad: Higher Density, Homes Without Garages, Ridesharing

Emile Haddad is experimenting with something that at first glance appears antithetical to the Southern California lifestyle—a home without a garage. And a homeowner who’s not a car owner.

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Newest Homes Showcase OC Cool to World

California Rooms, Vertical Building Are Wave of Future

Fireplaces, big backyards, three-car garages and ranch houses are fading away in Orange County.

Jacobs Engineering Projects OC Work Will Explode

Local Boss Says Best He’s Seen in 30 Years

Lewis Cornell, Jacobs Engineering Group Inc.’s top representative in the Western U.S., has his hands full when his company bought Englewood, Colo.-based CH2M Corp. last year.

A Patio With a View Crowns Newest OC Homes

Three-Story Models Address Land Shortage

Kevin Karami and his son Dustin pointed out the differences among the three next-door houses they designed in Irvine’s Great Park Neighborhoods.

Mass-Produced Homes Like ‘Living in a Resort’

ARCHITECTURE: ‘California Room’ highlights trends

“The California Room” is designed so the home’s roof covers an outdoor patio.

Nexem Connects to Skyrocketing Takeoff

Staffing Boom Grows Sales Nearly 2,000%

When Matthew Blake was asked how many offices Nexem Corp. has nationwide, he hesitated before saying, “That’s a dynamic number. It might be more than 50.”

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Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading to 2,897.06.

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Umpqua Latest Bank to Expand Into OC

FINANCE: Northwestern icon to double OC size

Orange County has about 3,000 middle-market companies, more than the 700 companies in Portland and 2,000 in Seattle area.

Alaska Firm Finds Success in Irvine

SERVICES: Ahtna Design wins fans for its construction expertise

An Alaska-based firm owned by an indigenous tribe is seeing its construction management firm do quite well in Irvine.

BPM Buys Santa Ana Accountancy

San Francisco’s BPM LLP, one of the 50 largest accountancies in the country, is entering Orange County with the purchase of Santa Ana’s Kramer & Olsen Accountancy Corp.

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Midday Stock Roundup

The S&P 500 was up 0.2% in midday trading to 2,877.09.

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