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June 29-July 5, 2009

Read ALL the Stories in the Weekly Edition

Big Names Drive United Way, Cushion Downturn
A look at the Orange County United Way

NEWS OF THE WEEK
This past week’s news from www.ocbj.com and other sources

Allergan Ramps Up Eye Implant After FDA Approval
Allergan’s eye drug arsenal is about to pick up a new weapon in the coming weeks, in the Healthcare column

Browse the complete Table of Contents - stories, charts, and editorial - for the current edition of the Journal

Read this week's featured Special Report articlesl

Updated: 7/2/2009 2:38:30 PM

La Jolla’s New HQ: Action Sports Palace
Clothing maker La Jolla Group Inc. has made a big investment in a new Irvine headquarters.

Hyundai, Kia Down But Beat Industry with June Sales
Fountain Valley-based Hyundai Motor America and sister company Kia Motors America Inc. of Irvine fared better than most automakers again in June as sales fell at a slower pace than in May.

Drug Maker Spectrum Falls on Stock Sale News
Shares of Irvine’s Spectrum Pharmaceuticals Inc. slumped Wednesday after the drug maker said it was planning to raise $21 million in a stock sale.

Opus West to File for Bankruptcy
Phoenix-based Opus West Corp., one of Orange County’s largest commercial developers the past decade, confirmed on Wednesday that the company would soon be filing for Chapter 11 bankruptcy protection.

Broadcom, Emulex Seen Coming to a Head
Is $1.2 billion Emulex Corp.’s magic number? Some analysts think the Costa Mesa maker of electronics for data networks won’t even consider an offer from Irvine’s Broadcom Corp. that’s lower than that.

Nursing Home Operator Sees $8.4M Charge in Restatement
Foothill Ranch-based nursing home operator Skilled Healthcare Group Inc. said Tuesday it wrapped up a restatement of more than three years of financial statements with a charge to past earnings of $8.4 million.

Emulex Slides on Fear of Rejection of New Broadcom Offer
Shares of Costa Mesa-based Emulex Corp. plunged Tuesday as investors feared the company’s management could drag on a two-month takeover drama, despite a higher offer from Irvine’s Broadcom Corp. on Monday.

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Featured Supplement

Venus easily reaches 8th Wimbledon final

Mosquito repellent firm in dock for mosquito breeding

SEC lawyer raised alarm about Madoff: report

Forecast raised for U.S. payroll losses in June

WashPost offers access: $25,000+

States without budgets as key deadline passes

Job Losses Spike in June, Dampen Recovery Hopes
Employers cut far more jobs than expected last month and the unemployment rate hit a nearly 26-year high of 9.5%, underscoring the likelihood of a long and slow recovery from recession.

Exelon Ups NRG Hostile Bid; NRG Shares Slip
Exelon Corp. raised its hostile takeover bid for independent power producer NRG Energy Inc. by more than 12% to $7.45 billion on Thursday but failed to excite investors.

J&J buys $1B Elan Stake, Gains Alzheimer's R&D
Johnson & Johnson has agreed to pay $1 billion for an 18.4% stake in Irish drugmaker Elan Corp, and will acquire most of the rights to Elan's portfolio of experimental drugs to treat Alzheimer's disease.

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