Stories for August 2005

Wednesday, August 31

Jamul Casino Idea Raises Ire

Elected officials at several levels have weighed in against the Jamul Indian Village's proposal to build a 30-story casino/hotel complex on its 6-acre reservation.

Encore Acquires Texas Firm

Encore Capital Group Inc., a San Diego-based public firm that collects on purchased portfolios of charged-off credit card debt, announced Aug. 30 that it had acquired Texas-based Ascension Group.

Tuesday, August 30

Pension Board Hires Investigator

The board of the San Diego City Employees' Retirement System has hired a consulting firm to conduct an independent investigation of the agency. Separately, the board voted to hand over previously unreleased documents to investigative agencies.

Familiar Names Start Coronado Bank

Organizers for the region's newest community bank, Coronado 1st Bank, raised at least $12 million in a stock offering in advance of a planned opening Sept. 26.

Monday, August 29

CPUC Should Give Small Biz Help With Energy Costs

CPUC Should Give Small Biz Help With Energy Costs

Small Business Spotlight: SDA Security Systems, Inc.

Rodney R. Eales, president, SDA Security Systems, Inc.

All's Fair in Biz When It Comes to Competition

Question: How can I steal a satisfied customer from my competitor?

Veteran Children's Hospital Chief Set to Step Down

Children's Hospital is losing its longtime president and chief executive officer, Blair Sadler, after 25 years. But when he leaves in July, Sadler, 64, won't be retiring in the typical sense.

Turner to Lead Construction of Posh New Hotel

The "wow factor." That's what will separate the planned $265 million Grand Del Mar Resort & Spa from San Diego County's other top-flight hotels, according to Rick Bach, senior vice president of Turner Construction.

UC Irvine Is Setting Its Sights on New Eye Institute

UC Irvine has ambitious plans for its fledgling eye institute.

Progress Report

Sales and leases.

A Good Trade-Off?

Local universities should focus on the basics of education, not become a training ground for business, some say.

San Diego Saluted in Wake of BRAC Vote

With the Base Realignment and Closure Commission's decision to keep the Navy Broadway Complex off the chopping block for now, local leaders are celebrating the fact that the defense industry is still calling San Diego home.

Bloggers Beware: Firms Starting To Take Action in the Workplace

You're sitting at your home computer, working out your anger and frustration in a "blog," or online message board. Maybe you're just having a little fun , at a co-worker's, or even the company's, expense. So, what's the harm?

Supercomputer Center to Get $14 Million Boost

The San Diego Supercomputer Center will receive more than $14 million from the National Science Foundation as a major contributor to the network known as TeraGrid.

Meetings Industry Looks to Rebound in Fall Season

Orange County's travel industry hopes the fall meeting and convention season can rebound from the last few years. The San Diego Convention Center predicts increased business, year over year.

Local Company Offers a Fix Following County's Computer Shutdown

San Diego County's trouble with a computer worm this month has inspired one Coronado-based company to offer free security software to any local government agency or educational institution operating on Windows 2000 systems.

Ipivot Founder Radiates With Newest Challenge

When Coradiant Inc., a Rancho Bernardo high-tech company that moved from Boston to San Diego this year, looked for a new chief executive, it found the perfect candidate on its own board , Chairman Brett Helm.

Little Italy to Get the 'Final Piece' in Revitalization Effort

Downtown San Diego continued to percolate this month with the Aug. 11 groundbreaking of a $2.4 million project in Little Italy to improve the infrastructure.

Advertising New Drug at Issue With Amylin

The authority of the Food and Drug Administration to regulate drug advertising is under national debate, and local biotechnology company Amylin Pharmaceuticals has been in the recent whirlwind.

Executive Profile: Thomas King

After working for a single employer for 23 years, banker Thomas King faced being forced from his job when a major bank acquired his company. With a choice of three new job offers, King decided on the bigger challenge and changed his life.

Advanced Degrees Lead to Career Advancement

Many people returning to school after a lengthy time in the work force see an advanced degree as a ticket to move into management within their field.

Dinnertime's A Dream With New Franchise

A new type of food company is making its way to coastal North County. It's called Dream Dinners and its customers sign up in advance to prepare weeks worth of frozen meals in a communal kitchen, then take them home.

Auto Electronics Firm Heads Toward IPO

Directed Electronics, Inc. of Vista revealed a plan for listing on the New York Stock Exchange last week.

San Diego People

Key Hires and Promotions; Awards and Recognition; Philanthropy; Executive Spotlight: Jeff Bills

Nothing to Sneeze At

A new, relatively unknown San Diego-based pharmaceutical company could shake up an allergy market it believes needs dusting off.

Week in Review

Top Business News: Aug. 19 - 25, 2005

Colleges Get Caught Up in Music Piracy Battle

A growing number of colleges have forged partnerships with legal downloading services such as Napster Inc. to subsidize their students' music habits , in some cases footing the entire bill to encourage legal on-campus music activity.

Solar Firms Say Sun Rises And Sets With Bill's OK

The fate of California's solar industry is in the hands of state legislators this month, say local installers and manufacturers who contend that their businesses would be "killed" if lawmakers fail to pass Senate Bill 1.

Union Refrain: Aguirre Is Not Our Lawyer

The San Diego Municipal Employees Association on Aug. 29 began gathering signatures outside City Hall to prevent City Attorney Michael Aguirre from representing employees in pension litigation.

For the Record

Business Events Calendar: Aug. 30 - Sept. 5

Business Turns Its Attention to the Blogosphere

Businesses are starting to leverage the Web log, or blog, for the benefit of their companies.

Trash Talk Is Serious Business As Penalties Draw Near

Trash Talk Is Serious Business As Penalties Draw Near

Aradiant Pares Labor Costs With Move to Tijuana

A cross-border combination of companies has led Aradiant Corp. to move its San Diego call center and about 350 jobs to Tijuana.

Overland Remains Mum Despite Rumors of a Sale

Stung by the impending exodus of its largest customer, Overland Storage, a San Diego-based maker of data storage products, will probably explore selling the company to a competitor. That's the opinion of analyst Kaushik Roy.

Survey: Executives Plan to Slow Payroll Growth

Despite forecasted average sales growth of 23 percent for the next year, a survey of chief executives from the nation's largest companies showed CEOs are reluctant about expanding their payrolls.

Construction Journal

Contract Awards and Construction Milestones

On the Blog

What is a blog? A quick description ...

Japan's Election a Crucial Vote to Region's Stability

Japan's Election a Crucial Vote to Region's Stability

Proxy

NTN Communications Inc.

Friday, August 26

J & J; Building Certified as Green

Johnson & Johnson Pharmaceutical Research & Development, L.L.C. announced on Aug. 26 that its drug discovery facility in La Jolla has received certification from the U.S. Green Building Council.

Petco Shares Fall on Earnings News

Petco Animal Supplies Inc. saw its shares drop $3.68, or 14 percent, to a new 52-week low of $21.87 on heavy Nasdaq trading eight times the normal average Aug. 26, after releasing disappointing second-quarter results.

Applause for District Budget

The Otay Water District announced on Aug. 25 that it has received the Government Finance Officers Association of the United States and Canada Distinguished Budget Presentation Award for its 2004 budget.

Thursday, August 25

FTD Files Suit Against San Diego Firm

In a clash of fresh flower companies, FTD Group Inc. filed a lawsuit Aug. 24 against San Diego-based Provide Commerce Inc., parent firm to ProFlowers.com, the online florist launched in 1998.

Survey: CEOs Plan to Slow Payroll Growth

Despite forecasted average sales growth of 23 percent for the next year, a survey of chief executives from the nation's largest companies showed CEOs are reluctant about expanding their payrolls.

Wednesday, August 24

Judge Rules on Retirement System Counsel

San Diego Superior Court Judge Jeffrey Barton ruled Aug. 23 that the San Diego City Employees' Retirement System is entitled to separate legal representation to determine who will be the chief legal adviser to the group.

Assemblywoman on Economic Panel

Assemblywoman Lori Saldana, D-San Diego, has been appointed to the California Commission for Economic Development.

BRAC Panel Targets Bay Front Facility

The Defense Base Closure and Realignment Commission, meeting Aug. 24, called for turning the Navy Broadway Complex over to private-sector use.

New Plans for Jamul Casino-Hotel

The Jamul Indian Village unveiled plans for a multistory casino with a 30-story hotel tower. If built, it will be the ninth large American Indian casino in San Diego County.

Tuesday, August 23

SAIC Buys Homeland Security Firm

San Diego-based Science Applications International Corp. announced plans Aug. 23 to acquire Geo-Centers, Inc. for an undisclosed price.

ResMed Shares Climb With Record Revenues

Shares of ResMed Inc. climbed 10 percent Aug. 23 after the company released financial results showing record revenue and beating analyst expectations.

Sempra to Sell Gas Storage Locations

San Diego-based Sempra Energy has announced it will sell two out-of-state natural gas storage units for the combined price of $250 million.

Monday, August 22

Thanks to the Mouse, Disney's House Is Filling Up

The long-awaited tourism rebound is here, with Orange County in the midst of what looks to be a record-setting year for visitors and spending.

Company Planning to Launch a New View on Video in Next 2 Months

La Jolla-based Veoh Network promises a new avenue for makers of film and video. The Internet-based network will debut within the next two months.

San Diego Jewish Times Marks 25th Anniversary

The

SMS Buys Amistar Unit

Amistar Corp., a San Marcos-based public company, sold its contract manufacturing division to SMS Technologies, a San Diego-based firm that's in the same business, for an undisclosed price.

Possible Suitor for Overland Storage

Overland Storage, a San Diego-based maker of data storage products, is being courted as a potential acquisition target by a competing data storage firm in Redmond, Wash.

Banking on Growth

First Community Bancorp has grown tremendously by purchasing banks. At first, oberservers were convinced chairman John Eggemeyer's intent was to resell his acquisitions. Now they're not so sure.

Construction Journal

Contract Awards and Construction Milestones

Week in Review

Top Business News: August 12 - 18, 2005.

Sempra Sees Value in Gassing Up

While a coalition of ratepayers and environmentalists continue to fight for open debate on liquefied natural gas, one local company is pressing on with the development of three such plants , convinced it's good for business.

Bank Establishes Niche By Lending to Churches

First Bank has established a niche by lending to churches.

Southern California Is Getting Several New Banks

Irvine's Plaza Bank is set to be the latest in a flurry of banks debuting in Orange County.

Bank's Stock Sale to Help Small Businesses

Fullerton-based Commerce National Bank has raised $18 million in a stock sale to open new branches and make more loans to small businesses.

On the Waterfront

At least one Chula Vista official believes floating bonds would not only entice Nashville, Tenn.-based Gaylord Entertainment to build a hotel and convention center, but would speed a long-overdue redevelopment of Chula Vista's dilapidated waterfront.

Profitability Proves Elusive for Software Company

Kintera Inc., a San Diego software company that grew quickly by acquiring about a dozen smaller firms in the last two years, is slimming down following yet another quarter of losses.

Saving of Russian Submarine Nothing Short of a Miracle

Saving of Russian Submarine Nothing Short of a Miracle

Shareholders Put Final Stamp on Rancho Bernardo Bank Sale

Community Bancorp completed the purchase of Rancho Bernardo Community Bancorp on Aug. 19 following approval by Rancho Bernardo's shareholders at a special meeting two days earlier.

Bank Latest to Entice Employees From Competitor

Two dozen employees of Comerica Bank jumped ship and moved to Commercial Capital Bancorp. Comerica has gone to court over the matter.

Think Tank Has West Coast Attitude

Think Tank Has West Coast Attitude

Change in Cymer's Executive Suite

Pascal Didier, the president and chief operating officer at industrial laser-maker Cymer, Inc., is stepping into an advisory role at the company, making way for a successor.

Saigon National Looking to Join Ethnic Bank Rush

Saigon National looking to join the ethnic bank rush.

Golden Triangle Glows Anew as Build-Out Nears

San Diego's Golden Triangle is again emerging as a golden opportunity for businesses either wanting to expand in or relocate to San Diego. Exactly how much land is still available for commercial development, however, is no easy question to answer.

BMW's X5 Is as Smooth As It Gets for an SUV

BMW's X5 is as smooth as it gets for an SUV.

Animal Rights Movement Is Cruelty To Humans

Animal Rights Movement Is Cruelty To Humans

For the Record

Business Events Calendar: Aug. 23 - 29

Qualcomm to Buy Flarion, Elata

San Diego-based Qualcomm Inc. announced the planned acquisition of two companies this month for a combined price of some $657 million.

Executive Profile

With an annual operating budget of some $340 million and the futures of some 26,000 students at stake, Jim Austin takes his role as an executive in the public education sector very seriously.

Harrah's Leads California's Hotel Expansion Boom

Harrah's leads California's hotel expansion boom; Ralph Rubio named as Restaurateur of the Year.

L-3 Titan Names Top Executives

Following its acquisition of San Diego-based Titan Corp., L-3 Communications Inc. has named Tony Fredrickson as president and chief operating officer of the L-3 Titan Group.

Scripps Institute to Get $4M for DNA Research

Unraveling the mystery of DNA sequencing , and doing it for less money , may be more feasible thanks to a $4.2 million grant the Scripps Research Institute is to receive from the National Institutes of Health.

Progress Report

Sales and Leases

DexCom Finds Itself As the Focus of Abbott Diabetes Inc. Lawsuit

San Diego-based DexCom, which develops glucose monitoring systems for diabetes patients, defended itself last week as it announced Illinois-based Abbott Diabetes Care, Inc. had filed a lawsuit alleging patent infringement.

Devising a Mission Statement Is Critical

Question: How does one set up criteria for family members entering a family business?

Amylin Shares Go Higher

Amylin Pharmaceuticals Inc. has seen its stock surge this week after the company released positive midstage results about a once-a-week version of Byetta, a diabetes drug.

Party Planning Paying Off for Local Company

A unique business model is paying off for Party Plan-It, Inc.

Golden Triangle Light Rail Loop Hits Roadblock

A new Coaster stop somewhere in San Diego's booming Golden Triangle could help relieve the commuter crunch, but it's not likely to be on Miramar Road.

Proxy , Iomega Corp.

Iomega Corp.

Kimmel Center Starts on $24M Torrey Mesa Plan

As the Sidney Kimmel Cancer Center celebrates its 15th anniversary, the nationally renowned research facility is breaking ground on a $24.5 million, three-story building officials there hope will attract top-notch researchers.

Award-Winning Office Could Save You Cash By Helping UBuildIt

UBuildIt of Kirkland, Wash. has come to Southern California to give owner-builders a hand with homebuilding and remodeling projects.

Small Business Spotlight: Local Concept, Inc.

Michael C & #225;rdenas was still in law school when he maxed out his credit card with a cash advance of $300 to start his translation business. Twenty years later, his firm generates revenues in excess of $3 million annually.

San Diego People

Key Hires and Promotions; Awards & Recognition; Executive Spotlight: Jonathan Heller

Friday, August 19

Unemployment Here Remains Static

San Diego's unemployment rate remained at 4.4 percent in July, the same as in June, but below the year-ago rate of 5.1 percent, according to the state's Employment Development Department.

Thursday, August 18

L-3 Titan Names Top Executives

L-3 Communications Inc., the New York-based defense contractor that completed its $2.7 billion acquisition of San Diego-based Titan Corp. last month, named Tony Fredrickson as president and chief operating officer of the L-3 Titan Group, which is made up

Costanza Joins Dumanis' Office

Midge Costanza, a former assistant to President Carter, has joined District Attorney Bonnie M. Dumanis' office as a public affairs officer.

Nassco Workers Benefit From Training Grant

National Steel and Shipbuilding Co. is getting help in training its growing work force thanks to a $560,000 federal grant managed by the San Diego Workforce Partnership, the regional job training agency announced recently.

De la Fuente Talks Break Down

The multimillion-dollar case involving developer Roque de la Fuente is headed back to the state Court of Appeal after settlement talks broke down between representatives of de la Fuente's Border Business Park and attorneys for the city of San Diego, accor

Wednesday, August 17

Quarterly Loss, New Leadership at Spescom

Spescom Software, Inc., a company that helps its clients capture, store and manage information, reported a 55 percent drop in 2005 third-quarter revenues compared with the same time last year.

Tuesday, August 16

Mortgage Company Opens Office Here

Central Pacific Mortgage, based in Folsom, said it opened a new wholesale lending office in San Diego.

Revenue Grows, Layoffs Ahead at Kintera

Kintera Inc., a San Diego provider of software that helps nonprofit organizations manage donations, reported Aug. 15 a net loss for its second quarter of $10 million on revenues of $10.4 million.

Aguirre Sues, Details Crisis Plan

San Diego City Attorney Michael Aguirre filed a malpractice complaint against two consulting firms and released a sweeping plan to "resolve the city's legal, accounting and financial crisis."

Lodging Group to Back Sanders

The San Diego Lodging Association could become the first major business group locally to publicly back a candidate for the upcoming mayoral runoff.

$300K Deal for Environmental Firm

Environmental Business Solutions has been awarded a $300,000 environmental consulting agreement with the San Diego County Water Authority.

Miramar Power Plant to Supplement Grid

Peak energy demands later this summer will be met by a new, 46-megawatt power plant unveiled Aug. 11 by San Diego Gas & Electric Co.

IT Staffing Firm Opens New Office

TalentFuse, a San Diego-based staffing company specializing in information technology jobs, opened a second office in Carlsbad.

JMAR Adds to Order Book

A deal announced this week expands a contract that requires JMAR Technologies, Inc. to produce advanced chemical detection units.

Reliant Settles With California

Reliant Energy, Inc. has agreed to pay $460 million to resolve claims that the company unjustly profited during the 2001 energy crisis.

Federal Funds for Ballpark Footbridge

Mayor Toni Atkins, in a ceremony Aug. 16, was presented with a check for $2.8 million in federal funding for the construction of a pedestrian bridge over Harbor Drive between Petco Park and the San Diego Convention Center.

Monday, August 15

Risky Business Finds A Home in Region

Risky Business finds a home in the region.

Energy Report Reveals Opportunities for Tech Firms

A report released this month shows enormous potential for new renewable energy programs to be developed in the San Diego region by 2020.

Hats in the Ring

Seventeen candidates are vying for the 2nd District seat of former San Diego Deputy Mayor Michael Zucchet, while nine more are going after the 8th District seat vacated by City Councilman Ralph Inzunza both of whom were recently convicted on corruption

Indian Reservations Hit Jackpot With Casinos

Celebrating 25 Years , American Indian gaming's staggering growth.

Publishing Vet Well Read on Newspaper Business

Where Are They Now? , North County publishing vet well read on newspaper business.

Convention Center Made S.D. a Top-Tier Tourist Destination

Celebrating 25 Years , Convention center made San Diego a top-tier tourist destination.

As Radio Reinvents Itself, So Do Local On-Air Personalities

Celebrating 25 Years , Longtime broadcaster Mark Larson has watched the radio industry grow up in San Diego.

Public Service Suits Longtime Port Commissioner

Where Are They Now? , Jess Van Deventer has devoted more than a third of his life to public service.

Week in Review

Top Business News: August 5 - August 10, 2005

Executive Profile: Ivan Vachovsky

Ivan Vachovsky, chief executive officer of Abacus America Inc., dba Aplus.Net.

Small Business Spotlight: JK Investment Properties, Inc.

Ken Weiner, principal and co-founder, JK Investment Properties, Inc.

Bankers Recall Dark Days of the S & L; Crisis Here

Celebrating 25 Years , Starting in 1989, four major lending institutions were seized by the federal government.

Anniversary Provides Opportunity To Reflect on Journal's Success

Celebrating 25 Years , Anniversary Provides Opportunity To Reflect on Journal's Success

Progress Report

Sales and Leases

HP Exec Stayed Here To Build San Diego's High-Tech Community

Where Are They Now? , Scott McClendon was a marketing manager at Hewlett-Packard Co.'s pen plotter division in Rancho Bernardo in 1980.

Westgate GM Boosts Hotel's Prestige in a Competitive Market

Celebrating 25 Years , Westgate GM Boosts Hotel's Prestige in a Competitive Market.

S.D.'s Biotech Beginnings Traced to Hybritech

Celebrating 25 Years , San Diego's biotech beginnings traced to Hybritech.

Defense Contractors to Get Crash Course in New Standards

UCSD Extension will offer a nine-week, mock project-based course on the new Defense Department architecture framework.

San Diego People

Key Hires and Promotions; Philanthropy; Executive Spotlight: Patrick McMillin

Andrew Kay Hopes to Reclaim Computer Fame

Where Are They Now? ,In the game of life, Solana Beach resident Andrew Kay has had his share of touchdowns.

Changes in the Making

Cost-of-living increases, employee cuts, housing prices affect North County manufacturing firms.

Smaller Firms Reignite Baja's Maquiladora Corridor After Decline

Celebrating 25 Years , After some three years of contraction, Tijuana's maquiladora industry is rebounding.

For the Record

Business Events Calendar: August 16 - 22

Letter

Keep IRS Office Open

Firm Begins New Small-Biz Leadership Program

Innoventure Consulting Group has started a new training and leadership program called Encore Learning specifically for small- to medium-sized businesses.

Carlsbad Grows Into a City Bullish on Business

Celebrating 25 Years , Carlsbad grows into a city bullish on business.

Folks Fascinated With Lists Can Turn to Journal

Celebrating 25 Years , Folks fascinated with lists can turn to journal.

North County Environment Attracts Manufacturers

North County environment attracts manufacturers.

Despite Setbacks, Defense Has Staying Power

Celebrating 25 Years , San Diego's defense industry has evolved tremendously during the past 25 years.

Bankers Hill Goes Green With New Condo Complex

Clear Skies Condos in San Diego is trying to prove that it is indeed easy to be green with what it is touting as San Diego's first 100 percent green condos.

Former HomeFed Chief Still Watching the Money

Where Are They Now? , Former HomeFed chief still watching the money.

Hiring a Good Person as Key as a Skilled Worker

Question: What can we do to make sure we hire good people?

Maxwell Is Closing in on a Profitable Quarter

Maxwell Technologies, a San Diego-based maker of ultra-capacitors and other power delivery devices for industrial use, is close to making a profit.

Proxy

Vical Inc.

Qualcomm Quietly Grew Into International Tech Force

Celebrating 25 Years , Qualcomm became one of San Diego's biggest employers.

Downtown San Diego Visionaries Planted Seeds for Reinvention

Celebrating 25 Years , Downtown's growth has been attributed to construction of Horton Plaza, the San Diego Convention Center, and Petco Park.

25 and Counting

Celebrating 25 Years , A decision was made to publish San Diego Business Journal in order to supply the big San Diego market with the best in local business.

Ramen Noodle Maker Gets Another Chance

Ramen noodle maker gets another chance.

BRAC Panelists Tour Navy Facility

The Base Realignment and Closure Commission will recommend this month that the 16-acre Navy Broadway Complex in Downtown San Diego be transformed into a multimillion-dollar mixed-use redevelopment project.

Overland Storage Posts Fourth-Quarter Losses

San Diego-based Overland Storage Inc., whose biggest customer, Hewlett-Packard Co., announced it wasn't buying the company's storage devices starting next year, reported a net loss for its fourth quarter, ended June 30, of $1.3 million, or 9 cents per sha

Construction Journal

Contract Awards and Construction Milestones

Thursday, August 11

Qualcomm to Buy Flarion

San Diego-based Qualcomm Inc. announced Aug. 11 that it will acquire Flarion Technologies for $600 million in cash and stock.

Wednesday, August 10

Jack Beats Earnings Forecast

San Diego-based Jack in the Box Inc. reported net income of $23.9 million, or 66 cents per share, for its third quarter ended July 10, compared with net income of $20.7 million, or 56 cents per share, for the like period of 2004.

Army Picks Predator Variant

The U.S. Army has chosen San Diego-based General Atomics Aeronautical Systems, Inc. and its Team Warrior partners to receive the first phase of a $1 billion contract for planes that can fly themselves.

ResMed OKs Stock Split

Poway-based ResMed, Inc., which makes medical equipment to treat sleep disorders, announced Aug. 10 that its board of directors approved a 2-for-1 split of its common stock.

Chamber Bullish on 2005, 2006

Steady growth is predicted for San Diego for the remainder of 2005 and throughout 2006, according to the economic forecast released Aug. 10 by the San Diego Regional Chamber of Commerce.

Guilty Plea in PinnFund Case

A key fund-raiser for PinnFund USA Inc., the former Carlsbad mortgage bank that was actually one of the largest Ponzi schemes in California history, pleaded guilty Aug. 8 to one count of wire fraud.

Amylin Revenue at $46.8M

San Diego-based Amylin Pharmaceuticals, Inc., which recently released two drugs approved for diabetes patients, posted its first earnings report since launching the drugs.

Tuesday, August 9

Qualcomm Works to Earn Its Wings

Qualcomm announced Aug. 8 that it will partner with Boeing to allow passengers a chance to use mobile devices to check e-mail, play games and watch video clips.

Monday, August 8

Hummer H2 SUT Grabs Its Share of a Unique Market

Hummer H2 SUT Grabs Its Share of a Unique Market

Brand X Marks the Spot for Telecom Convergence

Brand X Marks the Spot for Telecom Convergence

Chula Vista Event Center Plan Draws Fire

San Diego Unified Port District officials are jumping at the chance to build a hotel on Chula Vista's bay front. But the prospect has some San Diego tourism and political leaders questioning the need for such a complex.

Week in Review

Top Business News: July 29 - August 4, 2005

Letter

Missing Out on CAFTA

Diversification Is Key to Industry Investments

Question: How can I make smart investment decisions inside and outside of my business?

Overland Acquires Software Company

Overland Storage, Inc., the San Diego-based maker of data storage systems, said Aug. 8 it acquired Zetta Systems, a privately held developer of data protection software, for $9 million in cash.

L-3 Brings Home the Titans

Frank Lanza, chairman and CEO of L-3 Communications, says there is plenty worth keeping about the Titan Corp., which L-3 acquired July 29. That includes the company culture.

CAFTA's Passing: More Symbolic Than Substance

For all the passion the Central American trade debate generated in Washington, D.C., it hasn't created much buzz in Southern California.

Northrop Grumman Office Revs Up Its Raptor

The F/A-22 Raptor is about to get even more advanced thanks to the folks at Northrop Grumman's Carmel Mountain Ranch office.

SDSU's Biz College Enters Golden Era

As the first accredited business school in the California State University system, the San Diego State University College of Business Administration set a precedent of success from the start.

$7M Deal for Wireless Facilities

Shopping malls across the nation will be beefing up their security and communication services using Internet protocol-based networks from Wireless Facilities, Inc. at a cost of $7 million.

Specialized Waste Hauler Raises Profile

Hazardous waste in San Diego has a new handler now that Onyx Environmental Services L.L.C. has acquired the job from PWN Environmental Services.

Major Media Paying Big Bucks to Reach Youths

Do you know where your children are? The major media conglomerates are looking for them , and they're willing to shell out big bucks.

Selling Own Home Is No Easy Task

Selling Own Home Is No Easy Task

Private Equity Firms Step Into the Spotlight

Expecting a 25 percent return, a consortium of private equity firms is sticking to a plan to invest more than $500 million in a five-year, 25-film partnership with Warner Bros.

'Professor' Gives a Positive Spin on Real Estate Market

Hunker down. Don't get scared. Hold on. That's the advice of George Mantor, aka the "real estate professor."

Progress Report

Sales and Leases

Executive Profile: Maxine and Marti Gellens

Maxine and Marti Gellens, the prominent mother and daughter real estate duo of luxury, high-end properties, dwell in a 24/7 world. It has paid off.

Las Americas Reports Brisk Business With Stores

The addition of 30 new stores, including high-end fashion retailers such as Neiman Marcus, has helped lure shoppers to the 5-year-old Shops at Las Americas.

Competition, Reforms Drive Down Workers' Comp Rates

Competition, Reforms Drive Down Workers' Comp Rates

Firm's Urban-Style Unit Regroups as Sales Slow

Pacific Sunwear's urban-style clothing unit regroups as sales slow.

Unisys Planning to Close Rancho Bernardo Facility

Unisys plans to close its Rancho Bernardo facility, transferring some jobs to Orange County.

Critics Say Accounting Reform Has Gone Too Far

In the age of Sarbanes-Oxley, public companies hope Christopher Cox's appointment to the Securities and Exchange Commission signals help is coming on the regulatory front.

Big GAAP: Private Firms Seek Accounting Fixes

While privately held companies make up the majority of businesses in the United States, they still are governed by the same set of basic accounting standards as huge public companies. Scrapbooking stores, corner Thai restaurants and venture-backed startup

Construction Journal

Contract Awards and Construction Milestones

Proxy

NuVasive, Inc.

Contest Offers Opportunity for Young Companies

Now in its sixth year, PitchFest is an opportunity for young companies in Southern California to present their business plan to leading venture investors, fellow entrepreneurs and business advisers.

Numbers Appear Strong Through First Half of Year

Through the halfway point of 2005, profits at most local commercial banks are rising along with the size of their loan portfolios, but growth alone doesn't always ensure expanding profits.

For the Record

Business Events Calendar: Aug. 9 - 14

San Diego People

Key Hires and Promotions; Awards and Recognition; Philanthropy; Executive Spotlight: Bob Adkins

SBA Ruling A Benefit to Local Biotechs

SBA ruling is a benefit to local biotechs.

VC's Good Old Days Are Gone

In venture capital, the good old days of the late late '90s and early 2000 are gone. Yet the current environment is nothing to scoff at.

Corporate Travelers Drive Business at Small Airports

A shift in how today's executives travel has spawned new revenue opportunities for some car rental companies.

Connect Sets Out on New Path

Representatives for Connect announced Aug. 1 that the group has successfully transitioned to a new, independent governance structure.

Cohns Give $2.5M Makeover to Harbor Island Restaurant

Retro, yes. Nautical, no. The Cohn Restaurant Group gives a $2.5 million makeover to the Harbor Island building that formerly housed Reuben's.

Small Business Spotlight: California Closets

Michael DeHart, president and CEO of California Closets.

Class A Finds Home In 'Burbs

Forget traditional assumptions. San Diego County's mix of Class A, B and C office buildings is changing to meet evolving market demands.

Friday, August 5

Customs Customer for SAIC Scanner

SAIC will equip the Royal Oman Police Customs with its VACIS scanner.

Leap Gets OK for License Sale

San Diego-based Leap Wireless International, Inc. has received the green light from the Federal Communications Commission to sell licenses and operating assets to Verizon Wireless to the tune of $102.5 million.

Ag Industry Reports 8 Percent Increase

San Diego County's agriculture industry racked up more than $1.4 billion in 2004 an 8 percent rise over the previous year, and the highest crop value ever reported for the county.

Overland Loses Big Customer

Overland Storage, a maker of data storage backup systems, said its largest customer intends to use another supplier.

Deputy City Manager to Retire

San Diego Deputy City Manager Bruce A. Herring on Aug. 4 "disappointed" that the City Council decided not to provide a legal defense to him and other city officials being sued by the city attorney announced his retirement.

Thursday, August 4

Change the Rules, Say Mortgage Brokers

The California Association of Mortgage Brokers, meeting at the Manchester Grand Hyatt San Diego for its annual convention, released a report Aug. 4 criticizing federal rules it says hurt home buyers in California.

Popular Radio Duo Switching Stations

"Jeff & Jer," morning hosts of 100.7 Jack FM, will appear on My 94.1 in the mornings starting in mid-September.

New Company Takes Over 3 Radio Stations

Finest City Broadcasting, LLC, a company led by Mike Glickenhaus, recently announced it will manage hip-hop station Jammin Z90, San Diego's old school station Magic 92.5, and alternative rock station 91X.

Wednesday, August 3

Unisys to Leave Rancho Bernardo

Unisys Corp. stands to boost its Orange County operations in a consolidation of its San Diego County unit.

Deloitte Names Fast 50 Firms

The top 50 fastest-growing technology companies in San Diego County can save lives and information, dealing in everything from pharmaceuticals to software.

Tuesday, August 2

Fellows in Charge at Callaway Golf

The board of Callaway Golf Co. has named former Revlon chief George Fellows as president and chief executive of the company, effective Aug. 1.

Connect Sets Out on New Path

A group that helps technology and life science entrepreneurs build their businesses has decided to amicably cut its 20-year-old ties to the local university that started it all.

Sempra Increases Earnings Forecast

Sempra Energy announced Aug. 2 that its 2005 earnings-per-share forecast increased from a range of $3.10-$3.30 to a range of $3.20-$3.40.

Moody's Lowers City Bond Rating

Moody's Investors Service on Aug. 2 announced that it has downgraded the city of San Diego's general obligation bonds and sewer revenue bonds to A3 from A1, and its water utility certificates to A2 from Aa3.

Monday, August 1

Mayor's Race Becomes a Matter of Business

Who is perceived as pro-business has often played a role in San Diego politics, but it seems to be especially resonant in the current race for mayor.

Correction

For July 25, 2005.

Covering Your Assets

Keeping the wolves from the door. That's what intellectual property law is all about.

Ten Merrill Lynch Staffers Make Move to RBC Dain Rauscher

Ten former Merrill Lynch employees, including three brokers, recently moved to work for competitor RBC Dain Rauscher at its University City office, prompting a lawsuit by Merrill Lynch against its former employees.

Proxy

SeraCare Life Sciences, Inc.

Small Business Spotlight: PCF Group

Scott J. Buckley, partner/vice president of business development, PCF Group.

Starwood Hangs 'For Sale' Sign on Downtown Hotel

An overall strategy to fine-tune its balance sheet has prompted Starwood Hotels & Resorts Worldwide Inc. to place some of its assets on the block, including the posh Westin Horton Plaza Hotel.

'Mouse Effect' Affecting Visitor Numbers Locally

Midway through the summer tourism season, San Diego's hotels were running in third place behind Anaheim and Honolulu in a comparison of occupancy rates nationwide.

Cymer Chips in With Nice Surprise for Analysts

Laser-maker Cymer Inc. refuses to forecast how much its profits will be. But when the company recently beat what analysts expected those profits would be in its second quarter, its stock shot up by nearly $6 late last month.

For the Record

Business Events Calendar: Aug. 2 - 8

West Takes Stock in China's Latest Currency Policy

West Takes Stock in China's Latest Currency Policy

Otay Industrial Land Being Eyed for Homes

Otay Mesa seems to be emerging from the ashes this year. But tensions continue to simmer over a tug of war being played out between industrial and residential interests.

Law, Science Marriage Appeals to Some Attorneys

Intellectual property lawyers are a rare breed , professionals who not only made it through law school and passed the bar, but also managed to acquire some impressive scientific credentials.

Ghio Named to State Board

Terese Ghio, 47, of Poway, has been appointed to the Colorado River Board of California by Gov. Arnold Schwarzenegger.

Armstrong's Heroism a Story With a Moral for All

Armstrong's Heroism a Story With a Moral for All

County's Industrial Market Rivals the Demand From 2000

The San Diego County industrial market is on its way to its best year since 2000, with increasing tenant demand driving strong net absorption.

San Diego People

Key Hires and Promotions; Awards and Recognition; Philanthropy; Executive Spotlight: Brian T. Galligan

Bank's Shareholders Take Stock While Acquisition Nears

Shareholders of Rancho Bernardo Community Bank, a single-office institution with about $124 million in assets, are cheering on the rise of shares by the bank's proposed owner, Community Bancorp.

Construction Journal

Contract Awards and Construction Milestones

Sempra, Eni Ink Terminal Deal

Sempra LNG has announced it will provide Eni S.p.A., the Italian oil and gas company, with capacity at its planned natural gas receipt terminal off the Gulf Coast.

A New Look In Old Town

After losing a battle to hang on to the Old Town San Diego State Historic Park concession, Diane Powers looked anything but wounded as she worked to prepare for Bazaar del Mundo's grand reopening nearby.

Coaching Employees Is a Varied Responsibility

Question: I seem to have difficulty coaching the very different employees who work for me. Is there some kind of magic coaching formula?

Letter

Questions About a Story

Wine Adventure Starts in Tough Magazine Market

At a time when more magazines are acquired or falter than rise to success, two San Diego wine lovers are braving the odds with a publication called

Progress Report

Sales and Leases

Week in Review

Top Business News: July 22 - 28, 2005

Gateway Gains Market Share; Seeking Profits Next

Irvine-based Gateway Inc. is showing signs of progress on a key plank in its turnaround strategy: selling more computers through big retailers.

Executive Profile: Michael S. Gallegos

Michael S. Gallegos says he got his start in the hospitality industry as a "hotel brat" doing chores such as counting change and refilling a stamp machine.

Sycuan Bets SDSU Gaming Program Will Be a Winner

The business of American Indian gaming goes under the microscope at San Diego State University with the creation of an academic center dedicated to the subject.