Stories for May 2005
Tuesday, May 31
San Diego is the sixth worst metropolitan city for roads, according to a recent report by The Road Information Program of Washington, D.C., a group also known as TRIP.
Captiva Software Corp. recently announced that it closed its previously announced acquisition of SWT SA of France for $17.6 million in cash and approximately 179,000 shares of Captiva stock.
Five years after its inception, Amtrak's Pacific Surfliner train has served nearly 9.8 million passengers.
San Diegan Mindy Fletcher, 34, has been appointed deputy chief of staff for external affairs in the office of Gov. Arnold Schwarzenegger.
Monday, May 30
The high-tech job market in San Diego appears to be approaching levels it hasn't seen in five years.
Isis Pharmaceuticals Inc. wants to provide four "Tiger" biosensor systems to the government this year.
Due diligence is a must-have for a venture capitalist, and it doesn't come cheap.
The head of the U.S. Small Business Administration, Hector Barreto, recognizes the San Diego SBA for its accomplishments and talks up President Bush's agenda for Social Security reform.
Executives with VF Corp., a Fortune 500 company based in North Carolina, say their $188 million investment in San Diego-based Reef is worth it, as Reef has growth potential and is a brand steeped in authenticity.
Key Hires and Promotions; Awards and Recognition; Philanthropy; Executive Spotlight: George R. Gonzalez
Not one, not two, but three Starbucks will set up shop in San Diego's North Park, which is already home to a variety of niche coffee bars and lounges.
The San Diego City Council cut back its supplement to the San Diego Convention & Visitors Bureau for another year. Yet the tone of the discussion before the council differed from one year ago.
Companies large and small are finding that by attaching their names to a common cause, they strike a unique chord with many consumers.
The fact that U.S. auto insurance does not provide the liability insurance recognized in Mexico means that selling Mexican auto insurance close to the border can be a lucrative endeavor.
Despite the fact that nearly 85 percent of total merchandise trade between the United States and Mexico moves by way of trucks, there has been virtually no effort to coordinate insurance requirements or standards on either side of the border with respect
Trust Fund a Possibility for Affordable Housing Ills?
It's a bit uncommon to find a practice where a patient can receive a standard medical exam, followed by a massage and then acupuncture. But that's what Dr. Janette Gray offers her patients.
Volcom's planned $86 million initial public offering has surprised some while others scramble to get a piece of the action.
A U.S.-based investment firm appears to have become a front-runner in the bidding for the four Lego theme parks by first acquiring a leading European attractions operator.
Sales and mergers are common, but the selling of an entire company in pieces and then distributing profits to shareholders is a rare occurrence. Del Mar-based Remec Inc. is doing just that.
When he got out of the Navy in 1979, Michael J. Woiwode said he was sure he wouldn't head into defense contracting. His intuition was wrong.
Question: Do I have the right people to meet my company's upcoming challenges?
According to the latest data, the rate at which median home prices increase in San Diego seems to be slowing.
Broadcom's inventory is down. Its stock is up. The question now is whether the company's troubles are behind it.
A cross section of San Diegans , everybody from business owners, political theorists and a retired judge, to a bartender, a full-time student and a private eye , want to be San Diego's next mayor.
A team of scientists at the National Institutes of Health hopes to turn stem cells into therapies , mainly to re-create smiles.
Friday, May 27
Gasoline prices fell for the sixth straight week and motorists should see lower prices throughout Southern California for the Memorial Day holiday weekend, the Automobile Club of Southern California said.
San Diego just missed getting a junk bond rating Friday with news that Fitch Ratings has downgraded the city on several fronts.
Business customers of the San Diego Gas & Electric Co. can earn a one-time 20 percent credit on their utility bills by cutting their electricity use an average of 20 percent between July 1 and Oct. 31.
Thursday, May 26
San Diego's economy continued to trend downward, based on the latest results of the University of San Diego Index of Leading Economic Indicators, which fell for the fourth consecutive month in April.
Burns, Doane, Swecker & Mathis LLP has been acquired by Buchanan Ingersoll PC. Both firms' San Diego operations will be relocating to a new office in Del Mar
Petco Animal Supplies, Inc. reported net income of $17.2 million on revenues of $479.6 million for the first quarter.
Prominent San Diego Libertarian Richard Rider officially announced his candidacy for mayor May 26 outside the Federal Bankruptcy Court in Downtown San Diego.
Wednesday, May 25
Two San Diego-based companies, Biosite Inc. and Websense Inc., were ranked No. 7 and 10 respectively on a list of the fastest-growing technology companies compiled by
Science Applications International Corp. said May 24 that it cut about 100 positions from its security and transportation technology business unit at offices in Escondido and Rancho Bernardo.
The San Diego City Council rejected the mail-in ballot proposed by City Clerk Charles Abdelnour for the July 26 special election for San Diego's mayor.
Tuesday, May 24
Sempra Generation has entered into an agreement to buy Reliant Energy's 50 percent interest in the El Dorado Energy project for $132 million.
The San Diego district office of the U.S. Small Business Administration ranks as the best in the nation.
Monday, May 23
The 150-unit City Heights Square project to be built at 43rd Street and Polk Avenue in City Heights is one step closer to becoming a reality.
Tom Di Zinno, principal and majority owner of Di Zinno Thompson and founder of the newly formed Brainweave Co.
Southern California specialty shops are becoming attractive buyout targets.
The federal government's definition of a small business varies by industry, and is often a source of confusion.
Michael Mark, creative director and chief executive officer of advertising agency NYCA.
A grad school business plan puts a new baseball team, the San Diego Surf Dawgs, on the field.
A mail-in ballot could save the city as much as $1 million to $1.5 million on the cost of the July 26 special election for mayor, according to a report published by City Clerk Charles G. Abdelnour.
Gerald Yakatan looks at life after Avanir Pharmaceuticals.
The military wants to keep track of its gear through radio tags. Two local firms want to help the effort.
Full-time enrollment at Los Angeles' 15 largest graduate business programs has fallen.
It's like Match.com, but for real estate. Carlsbad-based Real Capital Markets offers an online service that pairs qualified institutional investors with commercial brokers looking for buyers that might be under their "radar screen."
The first phase of a key component to the Liberty Station mixed-use project , a waterfront park , will hinge on a San Diego City Council vote to authorize the sale of $16 million in private-placement bonds.
Local and out-of-state biotechnology professionals look at certificate and degree programs to advance their careers.
The Department of Defense has spared San Diego from major base closures as part of the 2005 Base Realignment and Closure, or BRAC.
San Diego's unemployment rate dipped to 4 percent in April from 4.3 percent in March, according to the state's Employment Development Department.
San Diego State University's Hospitality & Tourism Management Program is able to boast that nearly all of its graduating class had jobs lined up before they donned caps and gowns.
Key Hires and Promotions; Awards and Recognition; Executive Spotlight: Nancy Russian
Question: If I'm going to review my marketing program, what are all of the things I need to consider?
One broker defines it as "something funky, something different." Nontraditional office and retail space in Downtown San Diego is increasingly in demand.
Local vintners savor the taste of a Supreme Court ruling.
As health care costs have skyrocketed and many small firms have drastically scaled back coverage, businessmen like Vince Mudd have done the opposite.
The $1 billion Liberty Station mixed-use project is on the grounds of the former Naval Training Center in Point Loma.
Biotech pros enroll at Cal State San Marcos, UCSD with the hope of getting ahead.
Cal State Fullerton officials are in talks with Miami developer Lennar Corp. for a new lease at the former El Toro Marine base.
Attorneys confront online ethics during national conference.
Friday, May 20
San Diego businessman Steve Francis, 50, has become the third major candidate to announce his run for mayor of San Diego.
Stratagene Corp., a San Diego-based diagnostic company, announced May 20 that it named Steve Martin as chief financial officer.
Thursday, May 19
San Diego-based Jack in the Box reported May 18 that earnings during its second fiscal quarter, which ended April 17, rose to $20.7 million or 55 cents a share vs. $18.7 million or 51 cents a share in the like year-ago quarter.
Shares of Titan Corp. soared to their highest levels in about 15 months following reports that the San Diego defense contractor has been holding acquisition talks with a major New York defense manufacturer.
Stephen Rizzone was named chief executive officer of IP3 Networks Inc., a San Diego-based maker of software used in wireless networks.
Remec Inc. said its shareholders approved the sale of its defense and space unit May 18 to Chelton Microwave, and another proposal that would distribute the bulk of that sale to shareholders.
Carl DeMaio and Jerry Sanders offer different prescriptions for the city of San Diego's financial troubles.
Ted Waitt, the entrepreneur who moved Gateway Inc.'s headquarters from South Dakota to San Diego in 1998, announced he's stepping down as chairman of the company's board of directors effective May 19.
Wednesday, May 18
Titan Corp. will conduct software verification and validation for NASA in a deal that could be worth as much as $200 million over five years.
Hewlett-Packard Co. reported earnings of $966 million on net revenue of $21.57 billion for the quarter ended April 30. One year ago, the company reported earnings of $884 million on net revenue of $20.11 billion.
Tuesday, May 17
Six current and former members of the San Diego City Employees' Retirement System board have been charged with felony conflict of interest by District Attorney Bonnie Dumanis.
A proposed $270 million desalination plant planned in Carlsbad has cleared another hurdle with news that a preliminary environmental impact report recently released by the city hasn't turned up any substantial problems.
Spammers and "phishers" are infiltrating computer systems of more businesses than ever as their methods of luring Internet users get more sophisticated, according to a recent survey.
San Diego and the Association of Federal, State, County and Municipal Employees Local 127 agreed to a three-year labor deal.
Monday, May 16
Sorrento Valley-based biotechnology firm Avanir Pharmaceuticals announced Monday that its president, chief executive officer and director, Gerald Yakatan, has resigned effective immediately.
Tenants filling up San Diego County's Class A office space.
San Diego law firms look to add staff, particularly in the areas of intellectual property, corporate law, real estate and litigation.
Key Hires and Promotions; Awards and Recognition; Executive Spotlight: Ulises Gomez
San Diego-based WebSideStory, Inc. has completed its acquisition of Atomz, a privately held Silicon Valley company.
Barring a last-minute change of heart, which is always possible in politics, Steven Francis, the chairman of AMN Healthcare Inc., will announce his candidacy for mayor of San Diego.
Scientific leaders at four major research institutions in La Jolla have planned extensively for the upcoming stem cell grant-making process.
Inglewood officials say they have been told by executives at Churchill Downs Inc. that Hollywood Park, a nearly 240-acre parcel worth more than $200 million, may be sold to a developer.
In its first 11 months of operation, the decommissioned aircraft carrier USS Midway has attracted 800,000 visitors.
Surfing the Internet may be more addictive than coffee, according to a recent survey done for Websense.
Question: What questions should I ask when considering hiring a collection agency?
San Diego-based restaurateur David Cohn is making his first foray outside of the county to the Hawaiian island of Maui.
San Clemente-based Sunstone Hotel Investors Inc. plans to buy the 435-room Sutton Place Hotel in Newport Beach, which will become the Fairmont Newport Beach.
Carlsbad-based life sciences company Invitrogen Corp. announced Monday it would buy privately owned antibody and reagents company Caltag Laboratories for $20 million in cash.
Construction is under way on what will be Irvine-based Golden State Foods Corp.'s largest distribution center for the Golden Arches.
The mounting challenges facing businesses trying to protect their brand names and other intellectual property rights are bringing 6,500 people to a San Diego conference.
After a 2004 purchase of two key S.D. properties, American Assets spends $250 million on high-profile San Francisco sites.
The experience of building a house in Mammoth Lakes and his natural affinity for working with people drew Andrew E. Nelson toward the residential real estate business.
Latino Sports Marketing recently launched a division dedicated to reaching the Hispanic consumer through soccer.
One America Plaza, Aventine, and Del Mar Gateway are the most sought-after Class A office buildings in San Diego County.
As city budget cuts threaten to affect ConVis advertising, the agency CEO says his future is uncertain.
REITs and institutional investors are snatching up hotels.
Charter flights give execs a chance to get down to business.
Changing horses in the middle of the stream isn't recommended, but a bank changing regulators in the middle of a quarter can provide some positive results.
Jerry Sanders figures he'll be spending from $350,000 to $400,000 on his mayoral campaign, while San Diego City Councilwoman Donna Frye gave a ballpark figure of $150,000.
A U.S. Supreme Court ruling has prompted at least one of San Diego's boutique vintners to predict a rosier future for revenues.
The military travel business rides on today's Defense Department priorities, but it also benefits from people who want to look back.
As business travel continues its current revival from the prolonged post-Sept. 11, 2001, slump, Hilton Hotels Corp. is benefiting from its strategy to fill its rooms with more executives , and is doubling down on its bet.
San Diego's Sidney Kimmel Cancer Center announced Monday that it won a $14.4 million, five-year grant from the National Cancer Institute to try to find new therapies for cancer.
Friday, May 13
The Pentagon has spared San Diego from major base closures, though several facilities may lose hundreds of jobs and Naval Station San Diego may gain 1,170 jobs as part of the 2005 Base Realignment and Closure round.
Thursday, May 12
Leap Wireless International Inc., the San Diego-based provider of flat-rate wireless telephone service primarily in middle market cities, reported 2004 net income of $904.6 million.
San Diego is set to host a mini-Olympics tuneup called the International Sports Invitational from June 7 to 12 featuring some 250 athletes from the U.S. Olympic teams and five other nations competing in men's and women's basketball, men's volleyball and s
San Marcos-based Discovery Bank, which has a branch in Poway, reported net income of $91,798 in its first quarter, up 43 percent from the like period of 2004.
The last major court challenge in support of San Diego City Councilwoman Donna Frye's write-in candidacy for mayor last year has been dropped.
Mayor Dick Murphy on May 12 urged the San Diego City Council to join him in rejecting any salary increase in the upcoming fiscal year, which starts July 1.
Wednesday, May 11
Surfing the Internet may be more addictive than coffee, according to a recent survey done for Websense, the San Diego-based maker of software that allows businesses to manage their employees' Internet use.
San Diego and the 6,000-member Municipal Employees Association agreed Monday to a tentative three-year labor agreement. The proposed agreement must be approved by a vote of union members.
Tuesday, May 10
Area border crossings are receiving upgraded technology and new lanes.
San Diego outranks all California cities, as well as those in Oregon and Washington, as a favorable place to start a business, according to a new index published by
San Diego mayoral candidate Jerry Sanders called on Mayor Dick Murphy to reappoint prominent whistle-blower Diann Shipione to the San Diego City Employees' Retirement System board.
Fluor Corp., Orange County's third-largest public company by sales, said Tuesday it's moving its headquarters from Aliso Viejo to Texas by early next year.
JMI Realty announced Tuesday that it has begun construction on the first phase of a $77 million, three-building office campus in Del Mar Heights.
Monday, May 9
American Assets Real Estate Group, a San Diego-based real estate investment and asset management firm, recently announced the acquisition of a nine-story office building in the South of Market district of San Francisco.
Connect, the UC San Diego program that helps technology entrepreneurs, plans to continue that work as an independent, nonprofit organization.
Andrew S. Albert, the president-elect of the San Diego County Bar Association, has a goal, and it's a big one: access to justice.
The big bad "B" word , bankruptcy , continues to be bandied about San Diego as a solution to the city's fiscal misfortunes.
Melanie Sabelhaus, the deputy administrator for the U.S. Small Business Administration, has resigned from her position.
Question: Are employer-provided insurance premium payments on behalf of my domestic partner taxable to me?
Ceregene recently published findings in a medical journal suggesting that its experimental gene therapy could slow the devastating mental decline in Alzheimer's patients.
The board of the San Diego Convention Center Corp. is ironing out a proposal that would change its composition by adding more representatives from the hospitality industry.
Grandall Distributing Co. Inc. targets a niche with health and skin care products.
Small plane pilots reflect on sharing California's skies with a remotely piloted drone on a research mission.
Delaware North Cos. has embarked on a goodwill campaign as it prepares to open Plaza del Pasado in the Old Town space that housed Bazaar del Mundo for 34 years.
Key Hires and Promotions; Awards and Recognition; Philanthropy; Executive Spotlight: Kevin Perry
Quiksilver Inc.'s picking up a golf gem in its buy of France's Skis Rossignol SA: Roger Cleveland Golf Co.
One hundred employees at Hewlett-Packard Co.'s San Diego facility accepted voluntary severance packages as part of the company's plan to maintain its No. 1 market status for printers.
Emilio C. Figueroa is chief executive officer of Gaslamp Insurance Services, and has steadily increased his business every year.
A proposed city budget calls for increasing the hotel room tax while cutting a subsidy used to lure visitors here in the first place.
Sound legal advice usually doesn't come cheap, but San Diego's Lawyer Referral & Information Service has been dispensing it free , at least for the first 30 minutes , for half a century now.
The local printing industry is seeing a turnaround in business as more publications are launched throughout the county.
Huntington Beach-based Quiksilver Inc. has ambitions beyond its absorption of French ski maker Skis Rossignol SA.
Applied Micro Circuits Corp. continues to muddle through the murky waters of the semiconductor industry.
Ever so slowly, the major grocery chains appear to be recovering from the Southern California supermarket strike that hit Ralphs, Albertsons and Vons.
Increasing competition among carriers and decreasing average costs indicate that the state's beleaguered workers' compensation system might be on the road to recovery.
Small business gets an assist in negotiating labor laws
Kintera Inc., a San Diego-based maker of software that helps nonprofits manage fund raising, reported a net loss of $9.9 million on revenue of $9.5 million for the first quarter ended March 31.
Community newspapers find their niche despite competition from major media organizations
SYS Technologies, a San Diego-based defense electronics company, reported net income of $321,000, or 3 cents per share, on revenue of $10.9 million in the quarter ended March 25.
The marathon competition for California's stem cell research headquarters hits the finish line.
Friday, May 6
The Associated Press reported Friday that the Pentagon's 2005 base closure list which could be available as soon as May 13 may not be as extensive as first thought.
San Diego-based WebSideStory, Inc. announced May 5 that it had completed its acquisition of Atomz, a privately held Silicon Valley company that makes software for Web sites, in a stock and cash deal.
San Francisco was chosen as the headquarters for California's stem cell institute on Friday, winning out over San Diego, Sacramento and Emeryville.
Thursday, May 5
Kyocera Wireless Corp., the San Diego-based subsidiary of Kyocera Corp. that manufactures cell phones, said it has decided to outsource its manufacturing in a move that will result in the elimination of about 1,700 jobs in San Diego and Tijuana.
San Diego-based medical device company Instromedix Inc. said it named David Barach as president and chief executive officer.
Ericsson, the Swedish manufacturer of wireless communications equipment, is shutting down its San Diego office, eliminating 250 jobs in the short term.
Wednesday, May 4
Sempra Energy on May 4 reported first-quarter 2005 earnings of $223 million, compared with $197 million for the same period in 2004.
Baja Resort Advisors, LLC has announced an $800 million development deal to build a 2,300-unit mixed-use community called Ventana al Mar near Ensenada in Baja California.
San Diego's economy declined for the third straight month in March, according to the latest University of San Diego Index of Leading Economic Indicators.
CDC Small Business Finance, a San Diego-based certified development company that makes Small Business Administration-guaranteed loans in conjunction with private lenders, was named 504 Loan Lender of the Year by the SBA.
Jerry Sanders, who served as the city of San Diego's chief of police from 1993 to 1999, on Tuesday announced his intentions to run for mayor.
Tuesday, May 3
Schering-Plough Corp. has announced plans to close its Canji research operation in San Diego, and offer its 47 local employees jobs in Palo Alto.
The Navy has asked IBM for help in streamlining its financial systems, and the deal may bring new jobs to San Diego, according to an IBM spokeswoman.
Jack in the Box has announced that its chairman and chief executive officer, Robert Nugent, will retire in October.
Monday, May 2
Local federal employees might not feel the effects of the Pentagon's upcoming round of base closures.
Vince Siciliano calls himeself "the accidental banker." "I thought it was only going to be for a year," he said, "and here I am, 30-plus years later, and still a banker."
National Steel and Shipbuilding Co. wants to be ready to serve the government when the Pentagon decides what the next-generation military logistics ship will look like.
Andrew Grabhorn is president and owner of Rapid Response Emergency Flood Service, Inc.
Community Bancorp's $33.2 million purchase of Rancho Bernardo Community Bank signifies a bullish market for well-run institutions.
Here's how fed up small-business owners have gotten over the high cost of health care: a majority of them sampled in a new survey support a government-run program similar to the one used in Canada.
San Diego's chances of hosting the prestigious California Institute for Regenerative Medicine improved after a site selection committee on Monday gave its proposed headquarters the highest score among four competitive site visits, pushing it into the fina
Alan Bersin, the controversial superintendent of the San Diego Unified School District, has been appointed as secretary of education and to the state Board of Education by Gov. Arnold Schwarzenegger.
If This Mogul Is Worried, Perhaps You Should Be Too
A fair amount of buzz is surrounding a quickly growing but largely overlooked aspect of the real estate industry: tenant-in-common, or TIC, transactions.
San Diego-based advertising agency owners Tom DiZinno of DiZinno Thompson and Michael Mark of NYCA have announced the two firms will merge.
Accredited Home Lenders Holding Co., the San Diego-based lender specializing in subprime mortgages, reported net income of $3.3 million for the first quarter.
CNL Securities Corp. opened an office recently in Downtown's Symphony Towers that will serve as the hub for the company's West Coast sales associates.
It's approaching that time of year when the annual TOBY Awards descend upon San Diego, prompting office building property managers throughout the region to scramble to showcase their buildings in the most favorable light possible.
As the onslaught of rules and regulations continues to descend on small businesses, other businesses are finding opportunities to provide correlating services.
The job of the legal administrator has evolved greatly in the two decades Patti Lane has plied her trade.
While many of Fifth Avenue's clubs and bistros in the Gaslamp Quarter cater to Gen X'ers, a pair of Fourth Avenue restaurateurs credit the expansion of their business with focusing on the older boomers.
Some latecomers looking for a good deal on a meeting facility may find themselves in luck at the San Diego Convention Center if a plan to offer additional rental discounts passes muster with City Hall.
With four directors from Legacy Bank taking seats on its board of directors, Landmark National Bank will have the largest bank board in the county.
The San Diego City Council voted on May 2 to hold a special election July 26 to choose a replacement for Mayor Dick Murphy, who resigned a week ago.
There are common issues most every restaurant owner faces, such as food safety and employee turnover. But the nuances of a mushroom?
Question: I work with my family; how do we not bring the boardroom to the dining room table and vice versa?
Key Hires and Promotions; Awards and Recognition; Philanthropy; Executive Spotlight: Kendra Hall
On May 16, the Defense Department is expected to release a list of bases and installations it would like to shutter or realign, all in an effort to save money. It is then that the fight to save local installations enters a new phase.
Operating on a budget that won't cover the cost of a new cruise ship terminal , much less some long overdue repairs , the San Diego Unified Port District has come up with a plan to pay for capital improvements.
As local radio programmers struggle with ways to combat satellite broadcasts and personal music players such as iPods, local public broadcasting station KPBS-FM hopes to retain and lure listeners to its station by offering podcasting services.
Part of General Electric Commercial Finance, Global Electronics Solutions provides leasing and financing on multimillion-dollar machines used to produce components that are contained in all manner of machinery and products.
Venture capital investors were putting significantly less money into San Diego-based companies in the first three months of this year.
Mexico's maquiladora plants are growing employment after several years of decline.
Longtime North County banker Don Schempp has joined Temecula Valley Bank and is charged with opening a Carlsbad office.
Business leaders saw the writing on the wall for Mayor Dick Murphy, who announced that he will resign effective July 15.
The get-tough bankruptcy overhaul signed by President Bush last month should be a bonanza for collection agents, given that the law is aimed at coaxing consumers to pay off their bills rather than just walking away.