Stories for July 2005
Friday, July 29
Three Robinsons-May stores in San Diego County will be shuttered next year following a planned merger between Federated Department Stores and its rival, the May Department Stores Co.
L-3 Communications announced July 29 that it had completed its acquisition of Titan Corp., renaming the entity L-3 Communications Titan Corp.
Rear Adm. Leendert "Len" Hering Sr. became commander of Navy Region Southwest during ceremonies July 29.
Thursday, July 28
The Viejas Band of Kumeyaay Indians is contemplating a 45,000-square-foot addition to its casino near Alpine, the county of San Diego announced July 28.
The University of San Diego's Index of Leading Economic Indicators for San Diego County in June remained relatively unchanged from May.
Wednesday, July 27
San Diego City Councilwoman Donna Frye and former police Chief Jerry Sanders are headed for a runoff in the race for San Diego mayor.
City Attorney Michael Aguirre called for the City Council to consider three former mayoral candidates for appointment to the beleaguered San Diego City Employees' Retirement System.
Tuesday, July 26
Ten San Diego companies received about $252 million in venture funding during the second quarter, according to the latest survey released by Ernst & Young LLP and Venture One.
Sempra Generation has completed its purchase from Reliant Energy of Reliant's 50 percent interest in a power plant in Boulder City, Nev.
Titan Corp., a San Diego-based defense contractor, reported a net loss of $44.1 million, or 52 cents per share, on record revenue of $620 million during the second quarter.
Susan S. and Jerry G. Gonick of San Diego have pledged $1.75 million to the University of San Diego School of Law to endow a chair in the field of elder law.
New York-based L-3 Communications Holdings Inc. started off the week announcing private placements amounting to $1.5 billion to help fund its acquisition of Titan Corp.
Monday, July 25
The Sycuan Band of the Kumeyaay Nation has donated $5.47 million to San Diego State University to establish a center devoted to the study of American Indian gaming.
Thanks to the efforts of a dedicated group of visionaries from biotech, telecom and local organizations and institutions, San Diego is on the verge of becoming the epicenter for an exciting new growth industry , wireless health.
Downtown San Diego developers are now a step closer to bidding on a prime piece of bay-front real estate
Banking and Finance Norma Gallardo has been promoted to assistant vice president of loan support at San Diego National Bank. Gallardo currently manages the loan servicing department and has more than 16 years' experience in the banking industry and has
Cole Davis' job of convincing the public that downtown El Cajon is staging a comeback turned out to be easier than he originally thought it would be.
About 13 months after Titan Corp.'s planned sale to Lockheed Martin Corp. collapsed, the San Diego defense contractor is taking another trip down the aisle. This time, however, the company doesn't expect to be left at the altar.
The state is cracking down on companies that evade or underpay unemployment taxes.
San Diego Gas & Electric Co. has settled its case against Enron Corp. for overcharges during the early days of the energy crisis in 2000.
Qualcomm Inc.'s better-than-expected financial results for its third quarter caused the company's stock to jump more than $3 to $39.01 the day after the news was released.
With August just around the corner and true summer heat upon us, we are again reminded that California's energy supplies are running thin. Seven times last summer we set new records for the amount of power we consumed as a state. The good news is that t
Question: How can I quickly backfill my best manager if he or she unexpectedly leaves my organization?
One World Fine Foods wants to be the neighborhood store for San Diego's urbanites.
Elected officials in Dallas, grappling over how to pay for a large hotel adjacent to the city's convention center, are looking to Los Angeles for answers.
HP Cuts 14,000 Jobs: Hewlett-Packard Co. announced that it is cutting about 14,500 jobs, or 10 percent of its work force, over 18 months.
Armed with $500,000 in funding and in-kind donations, the Gaslamp Quarter Association is launching a concerted destination-style marketing campaign to tout Downtown's many restaurants, hotels, retail shops and other businesses.
A federal jury found then-Deputy Mayor Michael Zucchet and City Councilman Ralph Inzunza guilty of wire fraud and extortion related to charges that they accepted money in an attempt to help a strip club lobbyist repeal the "no touch" provision of the city
It took a little longer than expected, but Landmark National Bank completed its acquisition of Legacy Bank on July 15 following approval by both banks' shareholders.
Eminent domain can be a double-edged sword for developers who, on one hand, can reap big bucks on redevelopment projects, but also run the risk of being seen as heartless home stealers.
In 2001, when Ron Berry started his own small business, TSC Restoration, Inc., he set out to show the bigger companies that good customer service still matters more than size.
Nanogen, Inc. is an advanced diagnostic company. Nanogen has generated revenues through contract research, grants and licenses and through commercializing molecular diagnostic research tools, such as the Molecular Biology Workstation and NanoChip Cartridg
Anyone driving east on Main Street through downtown El Cajon for the first time probably wouldn't know that the city's core was once considered blighted.
The announcement of the new Honda Accord Hybrid caused quite a commotion in my house one Sunday morning a few months ago.
Homes in North County Selling at a Higher Price Clairemont Village Shopping Center Sells for $29 Million
North County real estate enjoyed a healthy month in June, with the median price for all homes in the area , both single-family detached and attached , rising to $569,000, compared with $485,000 for ZIP codes to the south and east.
Northrop Grumman Corp. reported the successful test firing of rockets from its Fire Scout aircraft.
Unemployment in San Diego rose in June to 4.4 percent from May's rate of 3.8 percent, according to the latest report by the state's Employment Development Department.
Several years ago, Alexis V. Lukianov reluctantly moved to the West Coast.
These days, Chinese officials on the mainland seem to be developing a keen sense of humor. Just the other day, in response to a series of violent protests by farmers in rural China, a mainland official sought to explain the public embarrassments by tying
San Diego-based Broadcast Company of the Americas plans to launch a new talk-radio show focusing on business and financial news.
Three owners of Metabolife International Inc., the San Diego company that made a now-banned, ephedra-based weight-loss pill, recently filed motions in U.S. Bankruptcy Court to ensure the company's sale fetches the highest price.
San Diego-based American Property Management Corp., which owns and manages hotels across the county, is increasing its stake in its hometown with the acquisition of the Holiday Inn Mission Bay SeaWorld and plans to build a posh hotel in Downtown.
Inside a nondescript gray building tucked in a Southern California industrial park, the costly and still-sputtering hydrogen revolution is under way.
Thursday, July 21
Online job recruitment in the San Diego area increased in June, according to a new employment index assembled by Monster Worldwide Inc., parent company of Monster.com.
Cohu Inc., the San Diego-based maker of testing equipment for the semiconductor industry, reported net income of $5.6 million, or 25 cents per share, on revenues of $51.8 million for the second quarter ended June 25.
A portion of the Ecke Ranch, devoted to brightly hued fields of ranunculuses that have delighted visitors and passers-by each spring for more than 60 years, will soon be sprouting homes, if the owner gets his way.
A Sacramento Superior Court judge has stopped a one-day strike that University of California nurses had planned to stage July 21.
Tuesday, July 19
The Base Realignment and Closure Commission on July 19 voted not to close the Marine Corps Recruit Depot San Diego, but added to the BRAC list the Navy Broadway Complex in Downtown San Diego.
Hewlett-Packard Co. announced July 19 that it is cutting about 14,500 jobs, or 10 percent of its work force over 18 months.
City Councilman Michael Zucchet, who as deputy mayor had briefly sat in for Mayor Dick Murphy after he stepped down July 15, and City Councilman Ralph Inzunza were convicted on July 18 on federal corruption charges.
Monday, July 18
Jerry Morris, general manager and founder, NextLevel Internet, Inc.
Hewlett-Packard Co. is firing a salvo at rivals in the increasingly crowded computer printer market by thinking small and precise.
One thing is noticeably absent amid a flurry of hotel activity up the road in Orange County: the sound of new hotels being built. By contrast, San Diego's planning pipeline has grown 23.5 percent.
From Hiroshima to London: Terrorism in Different Forms
The South County Economic Development Council can lend a helping hand for small businesses looking to expand.
Georges Daou is a serial entrepreneur, a man blessed with acute business instincts, a knack for figuring out where there's a need, and figuring out the best way to fill it.
Few would have thought of Horton Plaza as a place for leisurely shopping in the early 1980s & #8722; well, at least not the kind of shopping most folks think of.
There was no cheering section for a group of quadriplegics playing a pickup game of wheelchair rugby at the Oceanside Gym recently , just Neil Vesco and a few other supporters.
The 15 largest developers of office, industrial and retail buildings in San Diego County showed little change in square footage in the past year, according to this week's
San Diego's role as a hub of biotechnology has yet to create any shortage of biotech lab space, with healthy reserves continuing to keep rentals affordable, according to local real estate agents specializing in biotech.
Questions surround a San Diego financial planning firm.
Aerospace may be resurging, but it can't eclipse the demand for prime commercial real estate. Boeing Co.'s excess land in Huntington Beach has proven ripe for redevelopment.
ResMed Inc. has purchased the last remaining 9.78-acre parcel of land at San Diego Spectrum in Kearny Mesa for $21 million for a new national headquarters.
Things seem to be going quite well at Qualcomm Inc. these days, in light of fat salary hikes accorded to its top executives.
Key Hires and Promotions; Awards and Recognition; Executive Spotlight: Anthony Nocera
Broadcasters might stop delivering programs over the current system of analog TV channels on Jan. 1, 2009. That date isn't final yet. Congress must still weigh in on the matter.
Downtown San Diego's retail market is "hot and getting hotter," according to a report by Burnham Urban Retail Group.
Peregrine Systems Inc., a San Diego-based business software developer that saw a massive accounting fraud revealed three years ago, continues to lose money.
Mazda6 sport wagon lags a little in zoom category.
Naming a first drug for a small biotechnology company evokes images of first-time parents exhausting all channels , from books, the Internet, family, friends, and even paid professionals, to name their precious child.
H & R; Block Inc., the largest tax preparation retailer in the nation, said it plans to convert an Oceanside online tax preparation business into the company's tax technology development center.
Psychotherapist turned venture capitalist John Garcia hopes to make Orange County a hot spot for Hispanic businesses.
Some say converting apartments into condos helps potential buyers, while others claim the trend hurts low-income earners.
Two San Diego-based biotechnology companies announced July 18 they started the first human trials to evaluate the safety of targeted cancer therapy delivery in patients with metastatic melanoma.
Engineering students and private industry help disabled sailors take on the Transpacific Yacht Race.
Many San Diego businesspeople agree that the city's financial crisis is what they are most concerned about as the election approaches.
The largest architecture firms based or operating in San Diego are being stretched thin from a lack of qualified architects entering the field.
San Diego Gas & Electric Co. has settled its case against Enron Corp. for overcharges during the early days of the energy crisis in 2000.
Question: Can a participant in a 401(k) plan make contributions on an after-tax basis?
The battle between Qualcomm Inc. and Irvine's Broadcom Corp. is shaping up to be a legal barnburner , and a potentially costly one at that.
Convention Center sales team exceeds goal for rounding up nightly hotel room rentals.
Friday, July 15
Modern Luxury Magazines has named Dina Grant publisher of Riviera San Diego magazine, effective Aug. 1.
Thursday, July 14
San Diego-based Titan Corp. said a required antitrust waiting period on its announced acquisition by L-3 Communications has expired, paving the way for the transaction's approval by Titan shareholders at a special meeting July 28.
DJ Orthopedics Inc., the Vista-based maker of medical rehabilitation products, said it is breaking ground on a new headquarters/manufacturing facility July 29.
U.S. Rep. Randy "Duke" Cunningham under fire for alleged conflicts of interest involving a defense contractor announced on July 14 that he would not seek re-election.
Carlsbad's Legoland California and its three sister amusement parks were sold by Denmark-based Lego to the Merlin Entertainments Group, a subsidiary of the Blackstone Group, a New York-based private equity firm.
Chula Vista Mayor Stephen C. Padilla has been named to the California Coastal Commission.
Wednesday, July 13
Landmark National Bank, based in Solana Beach, is set to officially take over La Jolla-based Legacy Bank July 15 after approval by shareholders of both banks earlier in the week.
Thomas King, a San Diego City Employees' Retirement System board member named in a city lawsuit, resigned July 12. King cited the litigation filed by City Attorney Michael Aguirre over pension benefits in his resignation letter.
San Diego-based research and engineering company Science Applications International Corp. won a five-year, $500 million Air Force contract on July 13.
San Diego County's new Survey Records System puts land surveying maps and engineering plans on the Internet.
San Diego-based publicly traded biotechnology company Inovio Biomedical Corp. announced July 13 that it expects a $2 million milestone payment from pharmaceutical giant Merck & Co., Inc. for progress in delivering DNA vaccines.
Sempra Energy says its proposed northern Nevada power plant would be a benefit for that region.
Tuesday, July 12
The Downtown San Diego retail market is "hot and getting hotter," according to a new report by the Burnham Urban Retail Group.
Several locally based public companies are scheduled to announce quarterly earnings during the next few weeks.
Monday, July 11
Homeland security concerns have stimulated Cubic Corp.'s business making high-frequency communication gear. The company has a $15.1 million contract for power amplifiers.
The Padres, concerts and comic book geeks will fill the city's seats, streets and hotels during the week to come.
Television stations and other media outlets are anticipating a multimillion-dollar windfall of ads, courtesy of the state's rough-and-tumble politics.
Question: How can our business encourage customers to return?
Hewlett-Packard Co. has introduced what it calls "market-changing technology" that allows inkjet printers to work faster, and cuts costs at the manufacturing plant.
With a crowded field and a shortened campaign, name recognition is crucial as candidates shift into high gear leading up to the special election for San Diego mayor.
Business owners take a wait-and-see attitude about the impact of the Mission Valley East light rail transit extension, which finally gets moving this week.
The debut of Western Alliance Bancorporation on the New York Stock Exchange on June 30 was a time to remember for some of the company's officers. Shares gained about $3 the first day.
Two San Diego-based research groups will receive roughly one-third of the $300 million in total government grant money to unravel the secrets of disease-causing proteins, said the National Institutes of Health.
Cox Communications Channel 4 San Diego is celebrating its 1,000th televised Padres game July 16.
Peter Hall, who is retiring this year as president of the Centre City Development Corp., says it was his good fortune to be on the job when the Petco Park project was conceived and launched.
The Supplier Excellence Alliance is wrapping up a pilot program in the nation's largest aerospace region , Southern California , and plans to launch its so-called "lean manufacturing" programs nationwide.
Responding to a string of recent lawsuits, Qualcomm Inc. filed suit against Irvine-based Broadcom Corp. on July 11.
The chance that the Marine Corps Recruit Depot might make the Pentagon's list of expendable bases offers a ray of hope for expanding Lindbergh Field, says at least one land use authority.
While TV advertising remains one of the most popular ways for political candidates to reach voters, the use of online advertising is slowly making an impact on the budgets of candidates' ad campaigns.
Win-win. That's the word from those hoping the city and Navy both can benefit from the possible redevelopment of the 83-year-old Navy Broadway Complex.
A prospective buyer for the Hyatt Regency Islandia Hotel hasn't backed away from the deal despite San Diego officials' tabling of a request for a lease extension on the land.
San Diego's apartment market for the first quarter of 2005 was bullish, according to the recently released Hendricks & Partners Apartment Update 2005 for Southern California.
Nine percent of San Diego households could afford to purchase the median-priced home in San Diego during May, according to the California Association of Realtors.
The San Diego Regional Chamber of Commerce decided not to endorse a candidate for mayor in the July 26 special election. But the group may yet decide to pick a favorite if there is a runoff come November.
San Diego fitness company hopes its Gravity machine takes off in clubs.
Friday, July 8
ResMed Inc., a Poway-based manufacturer of medical equipment, has purchased the last remaining 9.78-acre parcel of land at San Diego Spectrum in Kearny Mesa for $21 million for a new national headquarters.
San Diego City Attorney Michael Aguirre on July 8 announced a civil lawsuit against the San Diego City Employees' Retirement System board, asking the court to void all pension benefits granted in 1996 and 2002. It is separate from a suit filed July 7.
Thursday, July 7
The San Diego North Economic Development Council is hosting two community briefings on projects currently being constructed on north Interstate 15 and Interstate 5, two of the most heavily congested freeways in the county.
San Diego City Attorney Michael Aguirre announced Thursday that his office has filed a civil lawsuit against eight individuals "whose actions helped create the city's massive pension deficit of $1.7 billion," according to his prepared statement.
Gov. Arnold Schwarzenegger was on hand July 7 for a ceremonial "flipping of the switch," dedicating the San Diego Gas & Electric Co.'s new $50 million Miguel-Mission 2 transmission line in Mission Valley.
Wednesday, July 6
San Diego State University named Jeff Schemmel as its new director of intercollegiate athletics July 6.
Qualcomm Inc. said it is considering litigation against Irvine-based Broadcom in response to the antitrust lawsuit Broadcom filed against Qualcomm on July 1.
Remec Inc., a Del Mar-based defense contractor, said it completed the sale of its electronic contract manufacturing unit.
Tuesday, July 5
Irvine-based semiconductor company Broadcom Corp. announced July 5 that it has filed another lawsuit against Qualcomm Inc.
Monday, July 4
Seacoast Commerce Bank searches for a new president after the resignation of Larry Benthien, the bank's founder and president.
NetSift, Inc. is a San Diego company on the fast track , a track so fast, in fact, that NetSift will soon be absorbed into Silicon Valley tech giant Cisco Systems. This comes only a year after NetSift was founded.
Encinitas City Councilman Jerome Stocks has launched what he thinks might be the first local challenge to the recent U.S. Supreme Court ruling on strengthening the rights of local governments to seize private property.
Malibu-based CurtCo Publishing, which publishes more than 20 magazines for affluent markets across the country, finalized its acquisition of San Diego Magazine Publishing Co. June 25.
For apparel firms, media agencies and the action sports industry, capturing the attention of free-spending youths is an extremely competitive business.
Brian Culley is surely San Diego's fastest vice president of business development, if not the world's.
A federal jury ruled Santee-based Scantibodies is not guilty in a patent lawsuit filed by Nichols Institute Diagnostics.
In the last two months, computer software-maker Activision has been taking on executives more accustomed to selling packaged goods, such as water, coffee and fantasy trading cards.
Call it a bulletin board without the pins. Intercasting Corp. lets people post their thoughts on their neighbor's cell phone.
Hoteliers have shaken off the June gloom. During a 28-day stretch ending June 25, they enjoyed a 7.7 percent bump in occupancy compared to the same period last year.
A business organization pushing to relocate San Diego International Airport from its cramped Lindbergh Field quarters is critical that the agency running the operation hasn't done an effective job of selling the public on the idea.
The VIC Network, formerly known as the Venice Interactive Community, has become a corporation bent on networking and marketing its name.
Sylvia Berens, co-founder of Apunix Computer Services, a developer of self-service kiosks.
Big Bertha may be on the selling block, yet analysts who cover golf club maker Callaway Golf Co. generally say the purported $1.2 billion price is low.
Doctors told Sally Jewell that years of cardio-training in the three-disciplinary sport , swimming, biking and running , probably saved her life.
A little more than two years after Leap Wireless International filed for Chapter 11 bankruptcy protection, the restructured company's stock returned to the Nasdaq National Markets stock exchange.
One visitors bureau president says she thinks she can plug holes in her budget after San Diego City Hall reduces its subsidy. "Hopefully, with innovative appropriations, we'll be able to create a flat budget," said Cami Mattson.
Key Hires and Promotions; Awards and Recognition; Philanthropy; Executive Spotlight: Donna Marie Robinson
Joseph Panetta, the president and chief executive officer of Biocom, San Diego's life sciences trade group, said exercising every day helps him clear his mind and escape from the daily grind.
A U.S. Supreme Court ruling that gives local governments even more authority to seize private property has stirred mixed reactions among a variety of camps.
Mark Erwin says working out before sunrise is panacea for the upcoming stresses in his typical 10-hour workday.
Porter Novelli's San Diego office has launched a tech practice spearheaded by Christine Cefalo, who in August was named one of PRWeek.com's "Ten Rising Stars of PR."
San Diego-based Metabasis Therapeutics Inc. and Merck have signed a research agreement that could bring Metabasis $54 million in cash if the drug makers succeed in bringing a single product to market.
Like most startup companies, Behemoth, a Little Italy-based independent console game developer, is still striving to find its niche in the marketplace.
Four highly competitive biotech professionals say exercising is important to them because it helps them cope with their daily stresses at work, energizes them, and helps them feel good.
Spectrum Pharmaceuticals Inc. of Irvine has a brewing shareholder fight on its hands. Its outspoken critic? Xmark Asset Management LLC of Stamford, Conn., which owns 10.7 percent of Spectrum.
Santee will be the next big executive enclave if Ryan Cos. US, Inc., a national commercial real estate firm, has calculated correctly. The firm has just opened a regional office in San Diego on Towne Centre Drive.
Friday, July 1
Western Alliance Bancorp, a Las Vegas-based banking company that includes San Diego-based Torrey Pines Bank, raised about $83.6 million in an initial public offering on June 30.
The chairman of the federal government's independent base closure commission has asked Pentagon brass for explanations of why Marine Corps Recruit Depot in San Diego, and the nearby Navy Broadway Complex, are not on its base closure list.
The California Public Utilities Commission on June 30 approved the construction of San Diego Gas & Electric Co.'s Otay Mesa transmission project.
Surge Global Energy Inc. of San Diego is joining forces with Genoil Inc. of Alberta, Canada, to build the first major commercial upgrader in North America.