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Latest Local News
The most recent Business Journal articles featured in the Latest Local News section of the Web site.
Essential Sign of a Recession Missing, Study Asserts
Take heart, San Diego, it ain’t as bad as it seems. That’s what economic experts from UCLA Anderson Forecast are saying about the regional economy in a report released May 8.
AMN Staffing Firm Sees Healthy Increase in Profits
AMN Healthcare Services Inc., a San Diego health care staffing firm, reported first-quarter net income of $9.5 million on May 7, up 16 percent from the like quarter in 2007.
Port Board Opposes Marine Terminal Conversion
The seven-member board of the San Diego Unified Port District voted unanimously May 6 to oppose a change in the port’s master plan to permit converting the 10th Avenue Marine Terminal to a complex of hotels, restaurants, shops and a possible football stadium.
Barney & Barney Transaction Complete
Barney & Barney, the San Diego insurance brokerage that was founded in 1909, completed its merger with Saylor & Hill, an Oakland-based brokerage, the firms said May 7.
Branchless and Growing: Bank of Internet Reports Profit
B of I Holding Inc., parent of Bank of Internet USA, which conducts all its business online, reported May 6 that it received net income of $1 million for its third quarter ended March 31, up 57 percent from the like quarter of 2007.
Under Gray Skies, Conference-Goers Talk Solar Energy
Solar 2008, the American Solar Energy Society’s annual conference, is under way and set to continue through May 8 at Mission Valley’s Town & Country Resort and Convention Center.
Stem Cell Consortium Gets $43M for Research Facility
The first step in building a shared stem cell research facility in San Diego was taken May 7 with an announcement that the state stem cell agency will offer up $43 million to the San Diego Consortium for Regenerative Medicine.
Apartment Sales Slow, But Business Good for Landlords
According to a new study by the real estate services firm Cushman & Wakefield, apartment sales were slow in the first quarter of 2008 but rents on existing units rose compared with the first three months of 2007.
Series A Funds Help Apoptos Pursue Its Programs
Apoptos Inc., a company working on cancer-killing drugs, said May 6 that it received $28 million in Series A financing.
Auspex Pharmaceuticals Has Fresh Cash, New Leadership
Auspex Pharmaceuticals of Vista said May 6 that it received $13.88 million in Series B funding. The company also named a new chief executive.
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