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Updated: 1/9/2009 12:28:55 PM
Infamous Investor Hits Lennar With Fraud Accusations
Shares of Miami-based Lennar Corp. went on a wild ride on Friday after infamous San Diego investor Barry Minkow made a series of accusations against the homebuilder, whose operations largely are run out of Aliso Viejo.
ITC Takes Up Complaint Involving Microsemi
The U.S. International Trade Commission has agreed to hear a dispute involving Irvine-based chipmaker Microsemi Corp.
Edwards, Rival Claim Victory in UK Patent Battle
Edwards Lifesciences Corp. and CoreValve Inc., a pair of Irvine-based medical device makers, on Friday claimed victories in a British patent fight over a new type of heart valve.
Analyst Upgrades Epicor on Prospects, Possible Proxy Fight
Shares of Irvine-based Epicor Software Corp. closed higher Thursday after an analyst upgraded the stock on expectations for the fourth quarter, hopes for a new product and a possible battle over the company’s board.
Subdued CES Gets Under Way in Vegas
The biggest consumer electronics trade show kicked off Thursday as reporters, bloggers, retail buyers and die-hard technology enthusiasts descended on Las Vegas for the International Consumer Electronics Show.
PacSun, Wet Seal Join Grim Retail Chorus
Anaheim’s Pacific Sunwear of California Inc. and Foothill Ranch-based Wet Seal Inc. reported disappointing December same-store sales and cut their guidance for the three months through January, joining a chorus of dismal reports from retailers across the country.
Device Maker OrthAlign Gets $7M in Funding
OrthAlign Inc., a Laguna Beach-based startup medical device maker, said Wednesday that it received $7.2 million in a first round of venture capital financing.
More Latest Local News...
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Obama Team Working on Overhaul of Financial Rescue
President-elect Barack Obama's economic team is working to overhaul the $700 billion financial rescue program to stem mortgage foreclosures and spur the flow of credit to the struggling economy, an Obama aide said on Friday. |
U.S. Slashes Jobs, European Industry Slumps
Some 2.6 million Americans lost their jobs in 2008, the worst toll since the end of World War Two, data showed on Friday, and industrial output plunged across Europe as the global economic crisis bit deeper. |
KB Home Reports Worse-Than-Expected Quarterly Loss
KB Home posted a worse-than-expected quarterly loss on Friday and said unprecedented pressures on the industry and the economy would remain difficult or worsen, sending its shares lower. |
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