Stories for November 26, 2013

Lead stories

Early Morning

Market Forces

RETAIL: Partners’ Drive Makes Food Hub a Reality

Perseverance, with pickles. Stick-to-itiveness, with strawberries.

Stories

Tilly's Slides on Q4 Outlook

Investors sent shares of Irvine-based Tilly's Inc. down as much as 21% in after-hours trading Tuesday after the action-sports retailer issued disappointing earnings guidance for the January quarter.

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EU Gives Conditional Approval for Acquisition of Life Technologies

The European Union gave conditional approval to the purchase of Carlsbad-based Life Technologies Corp. by Thermo Fisher Scientific Inc.

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EDF Renewable Energy Buys Texas Wind Project

San Diego-based EDF Renewable Energy has acquired the 200 megawatt Hereford 1 Wind Project in the Texas Panhandle from Lincoln Renewable Energy, EDF announced.

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Lawsuit Challenges Coastal Commission Approval of Convention Center Project

A local environmental group has filed a lawsuit challenging the California Coastal Commission’s October approval of plans for a $520 million expansion of San Diego Convention Center.

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San Marcos Senior Apartment Complex Sold for $18.8 Million

Providence Perris Apartments LLC of Encinitas has acquired the 122-unit Royal Oaks, a senior apartment community in San Marcos, for approximately $18.8 million.

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Local Unemployment Rate Is 7% for October

San Diego’s unemployment rate for October was 7 percent, unchanged from September and matching the nation’s overall jobless rate for the same month, according to the state’s Employment Development Department.

Ahntech Receives $12.4M Contract Modification From Air Force

The U.S. Air Force recently said it awarded Mission Valley-based Ahntech Inc. a $12.4 million deal to provide services at several Air Force training ranges.

World Trade Center San Diego Announces Leadership Change

Samuel Kephart has been appointed interim president and CEO of the World Trade Center San Diego, the organization announced Nov. 26. He succeeds Steven Weathers, who announced his resignation, effective Dec. 4, for personal reasons.

Pacific Imperial Railroad Names David Rohal President

Pacific Imperial Railroad named David Rohal as president of the company, effective Dec. 1.

Universal Protection Buys Mall Security Specialist

Santa Ana-based securities services firm Universal Protection Service has acquired IPC International Corp. in Bannockburn, Ill. on undisclosed terms.

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Obama Visits DreamWorks Animation

President Barack Obama visited the campus of DreamWorks Animation SKG Inc. in Glendale on Tuesday, getting a first-hand look at how the studio makes its feature films.

AeroVironment’s Earnings Plunge

AeroVironment Inc. reported a drop in profit and revenue in its fiscal second quarter as orders for its unmanned drone aircraft and electric car battery chargers continued to slow.

Jacobs Makes OC Acquisition

Jacobs Engineering Group on Tuesday said that it has acquired the assets an Orange County company that provides pipeline engineering services to the utility and gas industries.

Markets Rise; Nasdaq Closes Above 4,000

In Tuesday trading, the Dow Jones industrial average closed up less than 1 point to 16,073. The Nasdaq rose 23 points to 4,018. The S&P 500 rose less than 1 point to 1,803. The LABJ Stock Index rose less than 1 point to 176.

Obama Visits DreamWorks Campus in Glendale

President Barack Obama visited the campus of DreamWorks Animation SKG Inc. in Glendale on Tuesday, getting a first-hand look at how the studio makes its feature films.

AeroVironment Earnings Drop 80 Percent

AeroVironment Inc. reported a drop in profit and revenue in its fiscal second quarter as orders for its unmanned drone aircraft and electric car battery chargers continued to slow.

Cheesecake Opens in Escondido

Cheesecake Factory announced Tuesday it is opening at the Westfield North County mall in Escondido, the chain’s first restaurant in north San Diego County.

Midday Stock Roundup

The S&P 500 rose 0.20% to 1,806.13 in afternoon trading Tuesday.

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Chapman Forecast: 35,000 More Jobs in 2014

Orange County businesses will add about 35,000 jobs in 2014, hiring at a slightly faster pace than this year, according to a forecast by economists at Chapman University’s Argyros School of Business and Economics.

JWA October Passenger Traffic Up 2%

A drop in international traffic at John Wayne Airport in October was offset by service from domestic routes for an overall gain in passenger traffic for the month.

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Quiksilver Inks Kids Licensing Deal

Quiksilver Inc. said children's apparel under the company's Quiksilver and DC brands will be made and marketed by New York-based LF USA under a new licensing agreement announced Tuesday.

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Hotel Irvine Names GM

The former head of a Hilton property in Huntington Beach is set to lead the newly renamed Hotel Irvine Jamboree Center beginning Dec. 1.

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Report: Proxy Advisor Calls for Billabong Int’l Board Changes

The parent of Irvine-based Billabong USA is once again under fire—this time by proxy adviser Institutional Shareholder Services Inc., which is reportedly calling for the removal of Billabong International Ltd. Board Chair Ian Pollard along with two directors.

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Judge Restricts Bullet Train's Funding

A Sacramento judge has ruled that state officials cannot pursue their plan to tap billions of dollars in voter-approved bond funding for construction of the $68-billion project, putting its future in doubt, the Los Angeles Times reports.

Storm Threatens Holiday Travel in East

Snow and ice are forecast for the northeast of the country as a deadly storm that started on the West Coast last week gathers steam Tuesday and powers toward the East in time for Thanksgiving, the Associated Press reports.

DreamWorks Animation Speech Spotlights a Top Obama Donor

When President Obama highlights the lift the entertainment industry has provided to the sluggish economy on Tuesday, he will single out one production studio with a personal visit, the Washington Post reports.

Experts Give Warnings on Obamacare's Impact

Almost 80 million people with employer health plans could find their coverage canceled because they are not compliant with ObamaCare, Fox News reports.

Convention Center Becomes Car Playground for Grown-Ups

Southern California's love affair with the automobile continues unabated at this year's Los Angeles Auto Show, the Los Angeles Times reports.

Men's Wearhouse Bids for Jos. A. Bank

Men’s Wearhouse, which had rebuffed takeover efforts by Jos. A. Bank Clothiers, abruptly turned the tables on Tuesday and bid $55 a share in cash to acquire its one-time suitor, the New York Times reports.

Poll: Americans Worried About Work

In a dreary sign of economic doldrums, more than six in 10 workers worry that they will lose their jobs, according to a Washington Post-Miller Center poll — the highest level in more than a dozen surveys dating to the 1970s, CNBC reports.

FDA Warns Maker of Genetic-Testing Kit

The Food and Drug Administration has ordered 23andme, maker of a popular genetic-testing kit, to halt sales of its heavily marketed product, saying the mail-order tests haven’t been proven effective and could dangerously mislead people about their health, the Washington Post reports.

Early Openings May Limit Black Friday Chaos

While the Thursday evening hours and staggered openings may put a premature end to turkey day, early Thanksgiving sales may help prevent chaotic overcrowding and ease tensions at the registers, NBC News reports.

Inside the Breakup of the Pritzker Empire

A decadelong restructuring wrenched apart one of the wealthiest and most philanthropic families in the United States, a clan that built such iconic brands as Hyatt Hotels Corp. The Wall Street Journal reports that some family members have lingering reservations about how the unwinding was handled.

Nasdaq Passes 4,000 Again

In Tuesday morning trading, the Dow Jones industrial average was up 30 points to 16,102. The Nasdaq rose 14 points to 4,009. The S&P 500 rose 3 points to 1,805.