Stories for August 2006

Thursday, August 31

Report Envisions Jamul With Casino

The Jamul Indian Village has released a report predicting the effects of its proposed casino-resort development on the surrounding community.

Cubic Secures Navy Aviation Contract

The defense segment of San Diego-based Cubic Corp. announced Aug. 31 that Naval Air Systems Command awarded the company a $32.8 million contract to support the Naval Air Forces U.S. Atlantic Fleet.

Procopio Pair on Best Lawyers List

George L. Damoose and Craig A. Ramseyer, attorneys with the San Diego-based law firm of Procopio, Cory, Hargreaves & Savitch LLP, will be included in the upcoming 2007 edition of the "Best Lawyers in America."

City Sued Over Barrio Logan Project

Mercado Alliance LLC filed a lawsuit in San Diego Superior Court on Aug. 30 against the city of San Diego's Redevelopment Agency for allegedly obstructing the development of a mixed-use project in Barrio Logan.

Miramar Measure Has New Opponent

The San Diego County Taxpayers Association's board of directors has given a thumbs down on Marine Corps Air Station Miramar to replace Lindbergh Field as the site for the San Diego International Airport.

Bountiful Harvest From 'Solar Grove'

Kyocera International says its "solar grove" has produced abundantly, generating 1.5 percent more electricity than anticipated after one year of operation.

Wednesday, August 30

Black Chamber Commends Jessie Knight

Jessie Knight, executive vice president of external affairs for Sempra Energy, received the California Black Chamber of Commerce's visionary award for "professional accomplishments and commitment to the community."

Radio Show Mulls Payday Loans

Payday lenders thrive around military bases, and their high-interest loans have drawn criticism from military brass. San Diego experts will offer their take on the issue during an Internet radio show.

DivX Refines IPO Plans

San Diego-based DivX, a video compression-decompression software company, filed with the Securities and Exchange Commission on Aug. 29 with further details of its planned initial public offering.

Legal Beagle: Animal Law Specialist Takes Post

Kristina Hancock, an attorney in the San Diego office of Luce, Forward, Hamilton & Scripps LLP, has been named chairwoman of the Animal Law Committee of the American Bar Association Tort Trial & Insurance Practice Section.

Desal Proposal Goes to State Panel

Poseidon Resources Corp. announced Aug. 29 that it has submitted an application to the California Coastal Commission for a permit to develop the Carlsbad desalination plant.

Tuesday, August 29

Pair of Shopping Centers Sold

Two San Diego County shopping centers have been sold for more than $30 million combined, according to an announcement by the Irvine-based Reza Investment Group on Aug. 28.

SAIC Delays IPO Vote

Science Applications International Corp. this week delayed a key meeting on its path to an initial public offering. The meeting was to be held Aug. 29.

Zogenix Formed, Has $60M in Funding

Zogenix Inc., a newly formed San Diego company developing drugs to treat pain and diseases of the central nervous system, raised $60 million in a Series A financing Aug. 28.

FDA Approves DexCom Device

San Diego's DexCom Inc. received approval from the Food and Drug Administration for a software program used to help diabetes patients manage glucose levels, the firm announced Aug. 29.

North County Company Gets U.S. Honor

San Marcos-based Roberts Irrigation, a wholly owned subsidiary of Deere & Co., received the U.S. Department of Commerce's Export Achievement Award on Aug. 29.

Governor Signs Wyland Real Estate Bill

Gov. Arnold Schwarzenegger on Aug. 28 signed into law a bill that proposes to alleviate prohibitive costs associated with buying a home in California.

Siren Song Lures Visitors for Labor Day

San Diego is expected to be the No. 1 destination among Californians traveling during Labor Day weekend, according to AAA.

Monday, August 28

Congressional Candidate Busby Outlines Platform for San Diego Community

Congressional Candidate Busby Outlines Platform for San Diego Community

Options-Granting Scandal Provides a Boom for Accountants, Attorneys

More public companies are taking a close look at how they granted stock options to executives in the wake of an ongoing investigation into the practice by the Securities and Exchange Commission.

Progress Report

Sales and Leases

SAIC Buys Applied Ordnance

Science Applications International Corp. announced the completed acquisition of Waldorf, Md.-based Applied Ordnance Technology.

San Diego People

Key Hires and Promotions; Executive Spotlight: James Edwards

Laser Treatment Oversight Bill Gutted, OK'd By Assembly

Some local plastic surgeons are fuming that a California Senate bill that would have required a doctor's supervision for laser procedures has been "watered down."

Federal, State Officials Prescribing Digital Health Care Records

From the San Diego County Medical Society to the president of the United States, a flurry of steps are being taken by officials toward data sharing systems for the health care industry.

Neighborhood National Fills the Banking Gap in City's Poorer Sectors

A community bank is reaching out to Southeast San Diego, a place where service has been absent for quite some time.

New Global Hawk Rolled Out

Northrop Grumman Corp. rolled out its next-generation Global Hawk aircraft Aug. 25 at a ceremony in the company's Palmdale manufacturing center.

China Gobbling Concrete, Steel; Putting Price Pressure on Urban Contractors

Cranes in the sky over downtown San Diego , and not the winged variety , have some observers wondering if all of this construction activity might not be too much of a good thing.

Corrections & Clarifications

For Aug. 21, 2006.

San Diego National Posts 3% Gain In Earnings, Pares Bond Holdings

San Diego National Bank reported a 3 percent up tick in earnings to $7.5 million in the second quarter. But the bank would have posted higher earnings if it hadn't sold off some corporate bond holdings.

Small Business Spotlight: Digital-telepathy Inc.

Chuck Longanecker, founder/CEO of digital-telepathy Inc.

New Hospital CEO Brings Business Approach to Kids' Health Care

As a mother who has seen up close the potential for tragedy when a child's medical needs are unmet, Kathleen Sellick says there is "no higher calling" than being the new chief executive officer of Rady Children's Hospital and Health Center.

Guts Required Before We Can Bask in the Glory of New Airport for Region

Guts Required Before We Can Bask in the Glory of New Airport for Region

America's Finest City Impresses Sacramento City Councilman

Sacramento City Councilman Kevin McCarty came to San Diego recently to tour downtown with a contingent of civic leaders, developers and restaurateurs. "I was very, very impressed," said McCarty after his return.

More Than a Band-Aid: Pomerado Hospital Gets $28M Face-Lift

Palomar Pomerado Health is almost half finished with its $28 million overhaul and expansion of Pomerado Hospital in Poway.

Executive Profile , Richard G. Walker

Call him old-fashioned, maybe even corny. But Richard Walker believes that employees at his namesake eateries should want to come to work because they feel like they're part of a big, happy family.

$500K Keeps Maritime Museum Programs Afloat

The Maritime Museum received a gift of $500,000 from Bob and Laura Kyle, who are on the museum's board of trustees.

Regional Roundup

A plan to knock down an historical building that houses a well-known bakery is causing commotion in Lemon Grove. And other news from around San Diego County.

Graham Downes Designing Interiors for New Hard Rock Hotel in Colorado

A few San Diego businesses have reported some big out-of-state deals. Graham Downes Architecture, for example, is designing the interiors for the new 280,000-square-foot Hard Rock Hotel at Copper Mountain, Colo.

Online Guide Citysearch Breaks Away From Union-Tribune's Popular Web Site

Citysearch, an online city guide that specializes in arts, entertainment, restaurants and lodging information, has set up shop locally after its contract to provide content for Signonsandiego, the

Firing Employees Can Be Tricky Business; Learn the Right Way

Question: What's the best way to fire someone?

Local Bankers Pamper Wealthy Clients With Personal Attention

Timing, opportunity and the personal touch: They all add up to excellent service for top-tier clients, say bankers with US Bancorp's Private Client Group.

Editor Has Interviewed the Great, Near Great and the Ignominious in 40-Year Career of Journalism

Editor Has Interviewed the Great, Near Great and the Ignominious in 40-Year Career of Journalism

Live, and Let Live, But Do It Downtown

Whether downtown San Diego is overbuilt with apartments and condos , a popular perception , or in danger of falling short on supply, it is in the national spotlight.

Construction Journal

Contract Awards and Construction Milestones

Qualcomm Inc. Acquires Software Company in R.B.

Wireless technology company Qualcomm Inc. announced Aug. 18 that it is buying a San Diego company called Qualphone, paying $18 million cash.

Wal-Mart Pressing to Open Super Center Before Vote

Wal-Mart Stores Inc. has completed the shell of its first super center in urban Southern California, but critics and controversy can't seem to let go of Wal-Mart.

New La Jolla Venue Gives Busy, Upscale Diners Healthy Choices

With the opening of a restaurant earlier this month on Fay Avenue in La Jolla, Vida Gourmet now has all the dining bases covered, including takeout, home-delivery service and catering.

Radio Stations Slow To Tune in on New Digital Technology

San Diego radio stations are eager to turn a profit on a new technology , high-definition, or HD, radio , that makes it possible to broadcast multiple programs over the same frequencies.

Week in Review

Top Business News: Aug. 18 - 24, 2006

Breaking Through the Glass Ceiling

Despite a glass ceiling, four women shape their destinies in the fraternity of banks and credit unions.

Slot Machine Maker to Buy VCAT

Venture Catalyst Inc., a consulting firm for the gaming and hospitality markets, has agreed to sell its outstanding stock for roughly $18.6 million as part of a merger agreement with Reno, Nev.-based International Game Technology.

The Experts Ponder: Downtown, Overbuilt or Underbuilt?

Boom or bust: Is downtown San Diego being overbuilt, or will shortages soon be plaguing the residential market, as demand overtakes supply?

Study: Men Dominate Exec Jobs in Financial Services Industry

Women are making inroads in the world of financial services but are far from having equal footing with men, according to a recent study done on behalf of the Financial Women International Foundation.

Directed to Pay $136M For Polk Audio

Vista-based Directed Electronics Inc. announced Aug. 21 that it plans to acquire Baltimore-based Polk Audio for $136 million in cash.

Friday, August 25

Qualcomm Names Executives

Qualcomm Inc. announced the placement of several top executives companywide and worldwide Aug. 24.

Escondido Commits to Hotel

The Escondido City Council has approved plans to build a 196-room Marriott Hotel on city-owned land and announced it will contribute $16.5 million for the proposed project.

Gasoline Prices Ease Downward

Gas prices showed day-by-day decreases in San Diego County from Aug. 18, dropping 6.1 cents per regular gallon on average, making the average price per regular gallon $3.18 on Aug. 25.

Padres Look to Hit a Homer With Spanish Web Site

The San Diego Padres baseball club is extending foreign relations to Mexico and the Spanish-speaking world with the launch of a Spanish version of the team's Web site.

Chamber Stance on Tobacco Tax Evolved

The San Diego Regional Chamber of Commerce is officially supporting Proposition 86, which would increase the price of a pack of cigarettes by $2.60, despite an earlier swing by some internal committees to oppose the measure.

Mayor Presents Financial Reform Plan

Mayor Jerry Sanders announced Aug. 24 that he "enthusiastically" accepts all 121 recommendations made in the Kroll report for reforming San Diego's financial and managerial systems.

Chamber Lauds Pacific Gateway, Other Measures

The San Diego Regional Chamber of Commerce on Aug. 24 threw its support behind a number of issues , on the local, state and national levels.

Thursday, August 24

SAIC Has Sights on IPO

Ramping up to an initial public offering, Chief Executive Officer Ken Dahlberg of Science Applications International Corp. released a memo on Aug. 23 announcing that the company expects to file an amendment to its IPO registration statement after receivin

Apartment Sales Reflect Slowdown

San Diego apartment sales have slowed for the sixth consecutive quarter, paralleling the slowdown in condo conversions, according to Burnham Real Estate's latest report released Aug. 23.

Redevelopment Bill Gains Backer

The Downtown San Diego Partnership announced its support for a state bill strengthening the rights of private property owners when there is a chance the government might seize their land.

Nanogen Receives Six Patents

Nanogen Inc. announced on Aug. 24 that it has been issued six patents by the U.S. Patent and Trademark Office.

SpaceDev Continues Work for Missile Defense Agency

Poway-based SpaceDev Inc. will begin manufacturing micro-satellites for the Missile Defense Agency, the company announced Aug. 23.

Wallace's Work on Federal Bench Honored

Senior Judge J. Clifford Wallace of the U.S. Court of Appeals for the 9th Circuit will be honored on Oct. 19 by the American Judicature Society.

Wednesday, August 23

Burnham Will Branch Out in Orlando

La Jolla's Burnham Institute for Medical Research has selected Orlando, Fla., for its second major research facility, and is accepting more than $300 million in incentives, plus donated land.

Least-Affordable List Includes San Diego

The San Diego metro area is among the least affordable housing markets in the country, according to the second-quarter National Association of Home Builders/Wells Fargo Housing Opportunity Index released Aug. 22.

Holocom Networks Names CEO

Carlsbad-based Holocom Networks named G. Bradford Saunders as its president and chief executive officer Aug. 23. Saunders has been the company's president and chief operating officer since 1999.

Directed Offers $136M for Polk

Vista-based Directed Electronics Inc. announced Aug. 21 that it plans to acquire Baltimore-based Polk Audio for $136 million in cash.

Otay Ranch to Get Gap's New Format

Gap Inc. announced Aug. 23 plans to open one of its Forth & Towne stores at the new Otay Ranch Town Center in Chula Vista.

SAIC Will Vie for Air Force Work

Science Applications International Corp. is among eight prime contractors competing for work under an $800 million ceiling value contract awarded by the 21st Space Wing, Peterson Air Force Base, Colo.

Stem Cell Institute Outlines Grants

The controversial California Institute for Regenerative Medicine is seeking proposals for its first grants to fund research using human embryonic stem cells.

Tuesday, August 22

Minimum Wage Hike Near

Gov. Arnold Schwarzenegger and Democratic legislators agreed Aug. 21 to raise the state minimum wage to $8 an hour by 2008.

Partnership Endorses Pacific Gateway

The Downtown San Diego Partnership board of directors announced its support Aug. 22 for the controversial Pacific Gateway project , providing that the redevelopment of the Navy Broadway Complex is in keeping with "certain design principles."

BBB Sets Aug. 23 Talk on Torch Awards

San Diego Better Business Bureau officials will present a one-hour workshop on applying for the organization's Torch Awards. The workshop is set for noon Wednesday, Aug. 23.

Micromet May Head East

Carlsbad-based Micromet Inc., formerly known as CancerVax Corp., is seeking a headquarters on the East Coast.

New Markets Beckon Road Runner

San Diego-based Road Runner Sports is sprinting its way into expansion. The running shoe retailer announced this month that it is about to open its fourth, fifth and sixth locations in a year.

Cooley Godward Merging With N.Y. Firm

Silicon Valley-based law firm Cooley Godward, with a significant presence in San Diego, announced Aug. 22 that it is merging with New York boutique firm Kronish Lieb Weiner & Hellman.

Monday, August 21

Smokers Could Cough Up Billions for Health Care if Measure Passes

Local divisions are swelling over the latest proposed tobacco tax that would make California one of the most expensive places in the nation to buy cigarettes.

Regional Roundup

News from around San Diego County.

Architect Takes Lead in Designing Collaborative Biotech Project

All architects dream of projects that challenge their creativity and offer the opportunity to explore new ideas both creative and technical. So says San Diego architect Michael Wilkes. Recent work on several biotech construction projects gave Wilkes and h

Four Generations in the Legal Work Force at the Same Time, Survey Finds

Law firms that want to stay competitive and recruit top talent , as well as retain seasoned pros , are facing a lot of new challenges these days. Among them: demographic shifts, globalization and increased corporate governance.

Nightclub Owners Face Snag in Hillcrest Lounge Proposal

EnDev LLC owners James Brennan, Demien Farrell and Mitchell Compton, who are carving a significant niche for themselves in the county's hospitality industry, have proposed a new restaurant and lounge on University Avenue. Some neighbors aren't happy about

School Recess Means Fewer Jobs in July

San Diego's unemployment rate edged up to 4.3 percent in July from June's rate of 4.2 percent, mainly due to the summer recess of local schools.

Jaguar's Impressive Heritage Comes Out in Full Force in XJR

Jaguar's Impressive Heritage Comes Out in Full Force in XJR

Executive Profile , Lee Lefebvre

Though his idols include Donald Trump, Lee Lefebvre will always see himself as an artist first and an executive second. The Canadian-born businessman runs LL Innovation, a company that designs and builds waterfalls for high-end residential and commercial

Do Tourists Want Good Food as Well as Great Beaches, Weather?

In the restaurant business, those who aspire to wearing the big hat often move around to move up. Lately many are moving to San Diego.

SAIC to Work With Crop Insurance Provider

Science Applications International Corp. announced Aug. 21 that it has been awarded a contract with a maximum value of $120 million.

Area Hospital Buildings Need Clean Bill of Health to Stay Open

Hospital renovation is in the air, from Oceanside to La Mesa; and the wind pushing many of the changes is California's Hospital Seismic Safety Law.

Corporation Buys Small Propane Vendors

Propane giant Ferrellgas Partners LP is expanding its presence locally by acquiring propane suppliers Pacific Propane Services and Pacer-Valley Propane LLC in separate transactions.

Affordable Property Draws Businesses to Burgeoning Otay Mesa

Boasting a large quantity of affordable land, Otay Mesa has become a pivotal point for development of commercial and industrial real estate in San Diego County.

Letter

In-Depth Reporting Sought

Parking at Chargers Football Games No Longer a Day at the Park

San Diego Chargers fans had to be happy about how the team performed in its preseason win Aug. 12, but changes to the parking and a few other things at Qualcomm Stadium probably caused some frowns.

New Chief at Rubio's

Daniel Pittard has taken the job of president and chief executive officer at Rubio's Fresh Mexican Grill, the company announced Aug. 21.

Stranded Mammals Rescued in Wild Thriving Behind the Scenes at SeaWorld

Stranded Mammals Rescued in Wild Thriving Behind the Scenes at SeaWorld

Former ConVis Chief Executive Lands His First Consulting Contract

Former San Diego Convention & Visitors Bureau CEO Reint Reinders has his first client as a private consultant. It's MeringCarson, a Sacramento-based advertising agency.

Work With Victims of Violence Leads to Award

Work With Victims of Violence Leads to Award

Buchanan Street Partners Purchases Janez Properties for $24.4M

Buchanan Street Partners, a Southern California-based real estate investment bank, has arranged $24.4 million in bridge loans and equity for the acquisition of a flex industrial/office building in Poway by San Diego-based Janez Properties.

First Community to Merge First National Into L.A.'s Pacific Western

Prompted by the pending acquisition of Escondido-based Community Bancorp, the folks at First Community Bancorp decided to consolidate its two subsidiaries

Small Cap Companies Get Reprieve on Compliance With Sarbanes-Oxley

Federal regulators are giving small public companies another extension to comply with one of the more costly provisions of the Sarbanes-Oxley law. San Diego companies have welcomed the ruling.

Firms Can Receive a Boost From Accounts Receivable Financing

Question: What is accounts receivable financing and can a small business benefit from it?

New High-Rise a Rare Sight in UTC

The first high-rise office building to be built in the prime University Towne Center sub-market of San Diego since 1991 is being planned by Houston-based Hines and New York-based TIAA-CREF.

Tri-City District Tries to Persuade Voters Again on $596M Measure

The Tri-City Healthcare District will ask voters a second time to pass a $596 million bond issue to improve Tri-City Medical Center's aging facilities and meet seismic codes. Also: Max Muscle increasing its strength in local market.

Developer H.G. Fenton Finds New Land to Till Around the County

Active commercial projects of H.G. Fenton Co.

100 Years in the Making

San Diego's H.G. Fenton Co. , this year celebrating its 100th anniversary , already has its sights fixed on the next hundred years.

San Diego People

Key Hires and Promotions; Executive Spotlight: Jeannie Durfey

China Doesn't Like Being Told What It Must Do to Succeed in World Economy

China Doesn't Like Being Told What It Must Do to Succeed in World Economy

We Must Redesign High School, University Curricula to Reflect 21st Century Competition

We Must Redesign High School, University Curricula to Reflect 21st Century Competition

Pacific Micro Research Sees Huge Market in Homeland Security

A Vista startup has developed a portable surveillance system that is gaining use in the rapidly exploding homeland security and anti-terrorist markets because of its superior digital video imaging technology.

Biosite Construction Takes Shape at a New Mira Mesa Campus

Along with the architectural projects at Gemini Science Inc. and La Jolla Institute for Allergy & Immunology, San Diego-based Delawie Wilkes Rodrigues Barker has left its mark on the Biosite construction in Mira Mesa.

Small Business Spotlight , ACI Specialty Benefits Corp.

Some of the best things in life are those we never saw coming. Ann Clark, owner of ACI Specialty Benefits Corp., never set out to be an entrepreneur, but today finds herself running a $4.5 million-a-year business in Sorrento Mesa.

Hotels Follow Trend to Squash Smoking Altogether to Satisfy Guests

J.D. Power and Associates, the company that puts out the North America Hotel Guest Satisfaction Index Study, expects other hotel brands will jump on the smoke-free bandwagon behind Marriott International Inc. and Westin Hotels & Resorts.

VetStem's Growth: Clients Say 'Wow,' Researchers Raise Doubt

One of only two veterinary stem cell companies in the world, Poway-based VetStem Inc. saw revenues jump 400 percent in the past year. But veterinary researchers disagree about whether the company's therapy really carries much weight.

Generation Clash

Craig Hunsaker, managing partner of Mintz Levin's office locally, remembers the old days when salary, billable hours and making partner were what young lawyers asked about. How things have changed.

Week in Review

Top Business News: Aug. 11 - 17, 2006

New Stretch of Road to Increase Carlsbad Business Park Access

Clients and employees at H.G. Fenton's Carlsbad Raceway Business Park are expected to have an easier time accessing the site with the Aug. 16 opening of a quarter-mile stretch of Melrose Drive, connecting Carlsbad and Vista.

MindTouch Chief Looks to Capitalize on Buzz Surrounding 'Wiki'

The evolution of an Internet phenomenon called the "wiki" is being hastened by a local partnership.

Construction Journal

Contract Awards and Construction Milestones.

Earthquake-Induced Hospital Damage Leads to Seismic Safety Laws

A history of hospital damage caused by earthquakes led to California's Hospital Seismic Safety Law, enacted more than a decade ago. Area hospitals are now seeking ways to comply with the law, which sets a 2008 deadline for implementing seismic standards.

Kroll Report Still Reverberating Through City Hall

Kroll Report Still Reverberating Through City Hall

Computer Modeling May Reduce Need for Some Seismic Upgrades

New computer software may save California hospitals time and money by reassessing whether many buildings really need seismic retrofitting.

Friday, August 18

BP Takes Final Tanker

The Alaskan Legend, a 941-foot oil tanker, is scheduled to leave San Diego Bay on Aug. 21 following its delivery by San Diego shipbuilder General Dynamics Nassco to owner BP Shipping Ltd.

Rios to Lead Port Commissioners

Sylvia Rios will serve as chairwoman of the San Diego Unified Port District's board of commissioners beginning in January.

Qualcomm Acquires Software Company

Wireless technology company Qualcomm Inc. announced Aug. 18 that it is buying a San Diego company called Qualphone, paying $18 million cash.

AT & T; Picks San Diego for Service Bundle

San Diego will be the latest in a limited number of markets to receive AT & T;'s Homezone service.

Thursday, August 17

Pyles Named President at Continuous Computing

San Diego-based Continuous Computing Corp. announced that its executive vice president of sales and marketing, Ron Pyles, has been promoted to president.

Earnings Cool Off at Petco

Petco Animal Supplies Inc., which announced the sale of the company last month to two private equity firms, reported net profit for its second quarter of $9.9 million on revenue of $531 million.

ResMed Closes Out Year

San Diego-based medical device manufacturer ResMed Inc. has announced quarterly and annual earnings for the period ended June 30.

SAIC Supplies Sealift Command

Science Applications International Corp. announced Aug. 17 that it has been awarded an $11.9 million contract by the Military Sealift Command, based in Washington, D.C.

Marketers to Tout Downtown Living

The Downtown Residential Marketing Alliance , a coalition of downtown San Diego builders, businesses and city leaders , has launched a fall marketing campaign called "Live Downtown."

Nigeria Trade Pact on Table

Lt. Gov. Cruz Bustamante plans to sign an agreement promoting trade between Nigeria and California while appearing in Del Mar on Aug. 18.

Retirement Fleeting for 40-Year Banker

Frank Mercardante, the former CEO of Carlsbad-based Southwest Community Bancorp who had planned to retire after the bank was acquired in June by Placer Sierra Bancshares, is back at work.

Wednesday, August 16

BioMed Realty Offers $200M in Stock

BioMed Realty Trust issued a public offering of 6.9 million shares of common stock priced at $28.75 per share Aug. 16.

Seau Part of Restaurant Franchise

The day following his "graduation," or retirement, from professional football, former Chargers superstar Junior Seau announced that he's joining a franchise group developing Ruby Tuesday restaurants in Southern California.

ViaSat Equips Turkish Military Jets

ViaSat Inc. announced Aug. 16 that it will supply an additional 194 units of the company's high-capacity, jam-resistant, digital data and voice communications systems to the Turkish Air Force.

Housing, Gas Prices Send Index Higher

Fueled by higher costs for housing and gasoline, San Diego's consumer price index rose 3.8 percent in June from the same month a year earlier, according to an Aug. 16 report from the Bureau of Labor Statistics of the U.S. Department of Labor.

Duo 'Quite Serious' About Office Tower

The first high-rise office building to be built in the prime University Towne Center sub-market of San Diego since 1991 is being planned by Houston-based Hines and TIAA-CREF of New York.

Leap Selling 5.6 Million Shares

San Diego-based Leap Wireless Inc., which is working to expand its service territory, continued to make itself a larger player in a federal auction for the airwaves by entering into forward sale agreements for 5.6 million shares of common stock.

Tuesday, August 15

Hotels at Former Base Financed

Alex. Brown Realty Inc. of Maryland has announced that it will provide $17.1 million in financing for two hotels to be built at Liberty Station, which was formerly the Naval Training Center in Point Loma.

Fallbrook Technologies Gains $16M

Fallbrook Technologies Inc. has closed a new round of financing worth more than $16 million.

Tourney Leaving La Costa After '07

Promotion Sports Inc., the owners of the Acura Women's Classic, an annual tennis tournament at the La Costa Resort and Spa, announced Aug. 15 it sold the rights to the event to the Sony Ericsson WTA Tour beginning in 2008.

Legal Help Opens Door to Scrolls

The San Diego Natural History Museum has secured $1.3 million in bond financing to buy special climate and ventilation systems to protect the fabled Dead Sea Scrolls , a major exhibit scheduled to be unveiled in 2007.

Downtown Firm Powers 'Wiki' Venture

The evolution of an Internet phenomenon called the wiki is being hastened by a local partnership involving a local company called MindTouch.

Monday, August 14

Catholic Diocese to Oversee Another High School in Chula Vista

A lot of ground is being turned over these days in San Diego County. Arizona-based Sundt Construction Inc. is building the $68 million Mater Dei Catholic High School in Chula Vista, the second of three new high schools planned by the Catholic Diocese of S

Law Firm Recognized as Market Trailblazer

Firm Recognized as Market Trailblazer

Week in Review

Top Business News: Aug. 4 - 10, 2006

Executive Profile , George Liparidis

As president of Sempra Pipelines & Storage, George Liparidis manages existing operations and assets in Mexico and South America and is developing new operations in North America.

Foundations Grant $200,000 to Help Train Nursing Assistants

Foundations Grant $200,000 to Help Train Nursing Assistants

Letters

Water Authority Decides to Focus Desalination Efforts in Other Areas

BioRenewable Looking to Clean Up on Clean Technologies

BioRenewable Projects is testing a process where dung from cows is mixed with food garbage to initiate an anaerobic digestion by bacteria that produces methane and carbon dioxide, which can be "cleaned up" and used to fuel industrial vehicles.

Nokia to Eliminate Positions at Facility Near Poway

Nokia, a Finland-based wireless phone maker, announced Aug. 8 that its San Diego work force would be cut in half, from 1,100 to between 500 and 550 people.

Tech Manufacturing Emerges From the Shadows in San Diego

Many U.S. cities may have lost large chunks of their high-tech manufacturing jobs to overseas workers during the last few years, but San Diego County remains on the top of the industry's list.

Poinsettia Commons To Flower Alongside Coaster Rail Station

The city of Carlsbad is gearing up for its first "transit-oriented development" , the $60 million Poinsettia Commons planned adjacent to the Coaster station.

Architect Institute Announces 2006 Design Awards

The American Institute of Architects, San Diego chapter, on Aug. 7 announced the recipients of its 2006 design awards.

Construction Journal

Contract Awards and Construction Milestones

Hotel Occupancy at 89% Despite Record Heat, High Gas Prices

Neither record-breaking heat nor historically high gas prices have stemmed the tide of visitors coming to San Diego to frolic in the surf and stay in local hotels, and indications are good they'll continue right up through the Labor Day weekend.

Is Capitalism Making Inroads, Changing Daily Life in North Korea?

Is Capitalism Making Inroads, Changing Daily Life in North Korea?

Downtown Partnership Supports Continued Use of Lindbergh Field

More of San Diego's business organizations are weighing in on the most controversial issue facing voters , whether the county's major commercial airport should be moved from Lindbergh Field to Marine Corps Air Station Miramar.

Escondido School District Buys Property for $13.4M

Grubb & Ellis/BRE Commercial on Aug. 9 announced the sale of a 63,996-square-foot building and additional land at 2310 Aldergrove Ave. in Escondido for $13.4 million.

$1 Billion Contract Docks at General Dynamics Nassco

General Dynamics Nassco has acknowledged receipt of a $1 billion contract to build nine tankers designed to carry petroleum and chemicals.

San Diego People

Key Hires and Promotions; Executive Spotlight: David Rova

Progress Report

Sales and Leases

SAIC Gets Navy Logistics Deal

Science Applications International Corp. announced Aug. 14 that it has received a one-year, $5.2 million cost-plus-fixed-fee contract from the Philadelphia-based Naval Inventory Control Point.

Rejection of Maryland Wal-Mart Law Disarms Pending California Bill

Rejection of Maryland Wal-Mart Law Disarms Pending California Bill

San Diego Can Return to Bond Market With Completion of 2003 Audit

San Diego's auditors, KPMG, has made it clear that a $20 million report on the city's pension fund scandal delivered by New York-based Kroll last week was sufficient to complete the long delayed 2003 report on the city's finances.

Small Business Spotlight , Island Staffing

Every high school has one. The spunky kid who decides to go into business for himself before he can even earn a diploma. E.J. Conrad was that kid.

Urban 'Hip-Hop' Training Gains Favor Among Fitness Regimens

While traditional aerobics and kickboxing are on the decline, the popularity of personal training and urban street or hip-hop classes is soaring, according to the 11th annual survey conducted by IDEA, a trade group for health and fitness professionals.

Vying for the Label 'America's Beer Capital'

Move over fish taco. San Diego has earned the distinction of being one of the top craft beer capitals in the country and Escondido-based Stone Brewing Co. is leading the lineup of local companies producing highly sought after distinct flavors.

Canadian-Based Firm to Open Local Beauty Shop

Glamour Secrets, a Canadian-based franchise company that operates exclusively in malls, is set to open two new stores in San Diego County this November.

City College Launches First-of-Its-Kind Engineering Program

This fall, San Diego City College will offer the first two-year manufacturing engineering technology program in the state of California.

'Predatory' Mortgages Growing in Popularity With the Middle Class

A recent study completed for the San Diego City-County Reinvestment Task Force found that nearly three out of four so-called predatory loans were made to borrowers with middle and upper incomes.

Corrections

For July 31, 2006 and Aug. 7, 2006.

Insist on Vacations and Lunch Breaks to Relieve Workplace Stress

Question: How do I de-stress the workplace?

City Council Did Not Utilize Risk Management Controls

City Council Did Not Utilize Risk Management Controls

Oglevee Purchase to Give Ecke Summer, Winter Sales Windows

A different sort of flower is filling a market gap for Ecke Ranch, the Encinitas grower synonymous with poinsettias. Ecke acquired Pennsylvania-based geranium producer Oglevee in late June.

Book Distributor Settles Shareholder Lawsuits With Cash, Stock

Advanced Marketing Services Inc., which distributes books to warehouse club retailers, said Aug. 7 it had settled two shareholder lawsuits for $6.3 million plus stock.

Vista's Javo Posts Loss

Javo Beverage, a Vista-based maker of iced coffee drinks, reported Aug. 14 a net loss of $6.1 million for its second quarter on revenue of $3.2 million.

Breweries and Brewpubs in San Diego County

Breweries and brewpubs in San Diego County as reported by BeerAdvocate.com.

Alaska Air to Launch Nonstop Service to San Francisco

Alaska Airlines' plan to offer daily nonstop service between San Diego and San Francisco is destined to take a bite out of United Airlines' share of that market.

Local Manufacturing Companies Make a Mexico Connection

There is a rejuvenated movement toward opening maquiladora operations in Mexico. And because of its proximity to the border, it makes sense for San Diego manufacturers to use our neighboring country as a resource.

Friday, August 11

Mad Catz Narrows Loss

Mad Catz Interactive Inc., a manufacturer of video game platform accessories and software, decreased its net loss for the first quarter ended June 30 to $876,000.

ViaSat Finishes Stock Option Review

ViaSat Inc., a Carlsbad-based provider of satellite communications gear, concluded an internal investigation into its accounting practices related to stock-based compensation Aug. 10.

Tri-City Will Try Again on Bond

The Tri-City Healthcare District will ask voters a second time to pass a $596 million bond issue to improve Tri-City Medical Center's aging facilities and meet seismic codes.

Rules Change for Air Travelers

The airline terror scare disclosed Aug. 10 has brought new rules for travelers, as well as heightened security at San Diego International Airport.

Don't Snuff Innovation, Summit Panel Says

The narrowing lead of U. S. technological leadership was the focus of discussion at the West Coast Competitiveness Summit, which took place Aug. 11 amid the historic aircraft at the San Diego Aerospace Museum.

Three Drop Bids to Run Hospital

Three hospital chains have dropped bids for San Diego's Alvarado Hospital Medical Center. Owner Tenet Healthcare Corp. is under federal orders to sell the East County facility by February.

Dot Hill Will Check Books

Carlsbad-based Dot Hill Corp.'s quarterly earnings for the three months ended June 30 will be filed late due to voluntary internal investigations into historical stock option practices and related accounting procedures, the company announced Aug. 10.

Thursday, August 10

Loan in Hand, Leap Shops for Spectrum

Leap Wireless International Inc. received a bridge loan totaling $850 million from five large banks in order to secure a spot in the Federal Communications Commission's advanced wireless services spectrum auction.

Pacific Western Bank to Debut

First Community Bancorp, the Rancho Santa Fe holding company to San Diego-based First National Bank, said it's combining that bank with a sister bank in Los Angeles to form a new bank called Pacific Western Bank.

Qualcomm Responds to Complaint

Qualcomm Inc., which makes microchips and owns patents essential to wireless telecommunications, has issued a statement in its latest patent dust-up with rival Nokia.

Somaxon Leases Space at Local Center

Somaxon Pharmaceuticals Inc. announced Aug. 9 that it has signed an 80-month sublease for 25,697 square feet of space for its corporate headquarters at Kilroy Centre Del Mar.

Flat Quarter, Better Year at B of I

B of I Holding Inc., the San Diego-based parent firm to the Bank of Internet USA, reported net income for its fourth quarter ended June 30 of $842,000, up 1 percent from the like period of 2005.

Overland Reports Loss, Plans Changes

Overland Storage Inc. sustained greater losses for its fourth quarter and full year ended June 30. The company also announced it won't be outsourcing its manufacturing anymore, and will be returning it to San Diego.

Wednesday, August 9

Discovery Posts Loss

San Diego-based biotech Discovery Partners International Inc. announced a loss for the second quarter on Aug. 9.

Accredited Shares Fall

Accredited Home Lenders Holding Co., a San Diego-based lender specializing in subprime mortgages, reported net income of $41.2 million for the second quarter, up 4.2 percent from the like period of 2005.

New Court Fight for Nokia, Qualcomm

Finland-based cell phone maker Nokia announced Aug. 9 it has filed a complaint against Qualcomm Inc. with the Delaware Court of Chancery.

Nokia Job Cuts on the Horizon

Nokia, the Finland-based cell phone maker, announced on Aug. 8 that its San Diego work force would be cut in half, from 1,100 to between 500 and 550 people.

Alaska Airlines Plans New Service

Seattle-based Alaska Airlines plans to offer new daily nonstop service between San Diego and San Francisco starting on Oct. 29.

Tuesday, August 8

Report: Pension Crisis the Work of Many

San Diego elected city officials, management and hired consultants were all targeted as having some responsibility for the city financial morass that includes a $1.4 billion employee pension deficit, according to a $20 million audit prepared by Kroll.

AMN Healthcare Earnings Rise

San Diego-based AMN Healthcare Services Inc., one of the largest health care staffing companies in the nation, reported its second quarter earnings Aug. 7.

ATCO Receives Private Placement

San Diego-based American Technology Corp. announced an agreement to raise some $9.5 million through the private sale of common stock and warrants to institutional investors.

Wireless Firm Slims Down, Shows Loss

Wireless Facilities Inc., a systems engineering and network services provider, announced second quarter earnings Aug. 8.

Report Details Pension Scandal

Read the newly issued Kroll report on the city pension controversy.

Jack's Earnings Climb

Jack in the Box reported net income of $27.8 million, or 77 cents per diluted share, up $4 million from $23.8 million, or 66 cents per diluted share, for the same period in 2005.

Monday, August 7

Kontron Marks Record Quarter

Kontron America, the Poway-based unit of Germany-based Kontron, said it hit a record $32 million in second-quarter revenues, and is on track for another record half with $59.7 million in backlogged orders.

Temecula Bank Soars From Valley, Gains Top Rankings

Temecula Valley Bank was recently recognized by U.S. Banker magazine as the No. 1 performing bank among those with less than $1 billion in assets based on its average three-year return on equity of 29.39 percent.

Vision Correction Firm Sees the Light, Nets Online Oscar

San Diego's Ophthonix Inc., a vision correction company, recently earned a 2006 Webby Award for its Web site. It accommodates both practitioners and the everyday consumer.

Time Warner Plugs Into N. County Digital Connection

Time Warner Inc. welcomes more than 70,000 new potential North County clients this month as the local cable provider finally sees the fruits of a long-awaited acquisition.

Letter

We Don't Need No Stinking Slogan

Boutique Law Firms Thrive in Entrepreneurial Climate

There are a handful of entrepreneurial lawyers like Amit Singh brave enough to take a leap of independence.

Cabrellis Closes Series A Round

Cabrellis Pharmaceuticals Corp. of San Diego announced Aug. 7 that it closed $27.5 million in Series A financing.

GM Manages Well on Lodging Industry Matters

The American Hotel & Lodging Association has recognized Kimberly Akers as a General Manager of the Year.

Blogging Has Become the New Big Thing, But What Does It All Mean?

Blogging Has Become the New Big Thing, But What Does It All Mean?

Week in Review

Top Business News: July 28 - Aug. 3, 2006

Law Student Heads to Yugoslavia for Prestigious Internship

Michael Lee, a student at Thomas Jefferson School of Law in San Diego, has been selected for a prestigious internship with the International Criminal Tribunal for the Former Yugoslavia, or ICTY, based in The Hague, Netherlands.

Neurocrine Cuts More Jobs

Neurocrine Biosciences, Inc. is cutting 100 jobs at its San Diego campus, the company announced after the market closed Aug. 7.

Nassco Nabs $1B Tanker Deal

General Dynamics Nassco announced Aug. 7 it has received a $1 billion contract to build nine tankers designed to carry petroleum and chemicals.

Executive Profile , Denise Cunningham

Denise Cunningham, vice president and general manager of consumer products and services, AT & T; Corp., San Diego office.

Proposed Time Share On Public Land May Face Rough Seas

The San Diego Unified Port District has given its nod for a proposed hotel at a Harbor Island marina that would contain a mix of time shares. However, the local agency faces an uphill battle with the state Lands Commission.

Construction Journal

Contract Awards and Construction Milestones

Del Mar Track Getting a Handle on Advanced Wagering

Del Mar Thoroughbred Club chases growth with advanced wagering technology, plus outreach to young people and women.

Small Business Spotlight , San Diego Wine & Culinary Center

John Along & #233;, owner of San Diego Wine & Culinary Center.

Groundbreaking Finance Deal Nixed

Silvergate Capital Corp., parent of Silvergate Bank, and Pasadena-based Wescom Credit Union terminated their agreement to acquire the bank after the nation's bank insurance board imposed a six-month moratorium on any deals involving industrial loan compan

SEC: Alleged Insider Trading Leads to $10 Million Profit

A federal investigation into alleged illegal stock options trading involving San Diego-based Petco Animal Supplies Inc. has resulted in charges that at least two people profited from the transactions by more than $10 million.

Law Office Is Equally as Trendy as It Is Timeless

The 21st century has thrown law firms a curve: How do they keep that old-world ambiance, while meeting their clients' high-tech demands?

San Diego People

Key Hires and Promotions; Executive Spotlight: Michael Crawford

Updates Under Way for On-the-Job Harassment Prevention Training

California's Fair Employment and Housing Commission has modified the AB 1825 mandatory sexual harassment training regulations, which were initially published by the commission at the end of 2005.

Progress Report

Sales and Leases

New-Home Developments Opening Around the County

A handful of San Diego developers are in various stages of new residential projects throughout the county, making this a busy summer season so far. Here's a sampling.

Locals Finding Cheaper Second Homes South of Border

Upgrades to infrastructure make Mexico more attractive to area's baby boomers.

Cervical Cancer R & D; Continues Locally Despite New Vaccine

Federal approval this summer of the first vaccine to prevent cervical cancer due to human papillomavirus , the world's most common sexually transmitted disease , has not deterred local firms from developing lab tests and therapies that detect and target t

Many Area Companies to Add to Their Ad Budgets in '07

Advertising budgets are expected to increase steadily across most industries next year, but it's a mixed bag in San Diego.

Sunrise Powerlink Jumps Hurdle

San Diego Gas & Electric Co.'s plan to build a 120-mile power line is one step closer to becoming a reality after receiving the support of the California Independent System Operator on Aug. 3.

Homes With Million Dollar Views Selling for $300,000 in Mexico

Real estate investors, developers or just plain folks hoping for a sweet deal on a vacation home in Mexico can find their ventures heading seriously south if they don't do their homework.

Watching a Sales Coach in Action Is a Great Motivator

Question: How do I become a better sales coach to my employees?

San Diego Restaurateur Settles for One Slice at a Time

For Ladeki Restaurant Group, continued growth depends on refocusing on what made it successful in the first place , the flagship Sammy's Woodfired Pizza chain. In order to do that, Ladeki sold two of the firm's other eateries.

Life Sciences Becomes a Beacon for Law

As the San Diego life sciences industry has grown since its inception in the early 1980s, so too has the city's appeal to national and international law firms.

Local Research Prowess Proves Attractive Back East

Despite the fact that the Burnham Institute for Medical Research and San Diego have been all over the news in Florida, the research giant has opted not to locally announce its intent to locate a "satellite laboratory" in that state.

Watch Out for the Friendly Skies of China?

Watch Out for the Friendly Skies of China?

Courtrooms Get Wired for Tech Services By SAIC

San Diego Superior Court is ready for an update in information technology services, which will be implemented with a $54.8 million contract awarded to Science Applications International Corp.

It's the Pipes, Stupid! They're Bursting All Over California

It's the Pipes, Stupid! They're Bursting All Over California

Friday, August 4

Gas Prices Take Gentle Slide

San Diego's average gas price drifted down 2 cents this week to $3.284 from the previous week, according to the Automobile Club of Southern California's Weekend Gas Watch.

Shares Dip After Earnings Report

Shares of Carlsbad-based Invitrogen Corp. were trading in the $56 range , down more than 9 percent from their previous closing price , on Aug. 4, the day after the company reported earnings.

Growing WebSideStory Posts Loss

WebSideStory Inc., a Web tracking technology company, announced a loss for the second quarter on Aug. 4.

Realty Income Increases Earnings

Escondido-based real estate investment trust Realty Income Corp. announced its earnings for the second quarter on Aug. 2.

Leap Reveals Income, Introduces CFO

San Diego-based Leap Wireless International Inc., a mobile wireless services company, released second-quarter earnings Aug. 3.

More Cash for CaseRev

CaseRev Inc., a San Diego firm that makes software to help insurance companies track and manage high-volume litigation, said it obtained $4 million in a Series B round of venture capital funding.

Loss, Management Move at Digirad

Digirad Corp., a medical imaging products and services company, announced financial results for the second quarter of 2006.

Thursday, August 3

Mortgage Defaults Rise

San Diego County's mortgage default notices came close to doubling during the second quarter, according to figures released by DataQuick Information Systems.

Sequenom Posts $4M Loss

Sequenom Inc., a genetic analysis products company, announced a second-quarter loss Aug. 3.

Sempra Net Income Soars

Sempra Energy, a San Diego-based utility and energy company, reported net income of $373 million on operating revenue of $2.49 billion in the second quarter.

Revenues Grow at Bigger DJO

DJO Inc., the Vista-based medical device company formerly known as dj Orthopedics, announced second-quarter earnings Aug. 3.

Wednesday, August 2

Scant Variation in Accelrys Revenue

Accelrys Inc., a San Diego-based software company specializing in solutions for biotech and pharmaceutical firms, announced quarterly financial results Aug. 2.

Mission Valley Apartments Go for $182M

New York-based ING Clarion Partners announced Aug. 1 that it has sold the Villa Dorado at Mission Valley Apartments in San Diego for $182.5 million.

Local Office, R & D; Buildings Sold

Two San Diego projects were among the 18-building portfolio sold by the Shidler Group in San Diego, in partnership with Angelo, Gordon & Co., for $209 million.

Hotel Solamar Has New Owner

JMI Realty LLC has sold the posh Hotel Solamar to LaSalle Hotel Properties of Bethesda, Md., for $87 million in a deal announced Aug. 1.

Dot Hill Revenue Flat

Dot Hill Systems Corp., a Carlsbad company that makes computer gear for data storage and management, released financial results for the second quarter Aug. 2.

Quidel Revenue, Net Loss Grow

Quidel Corp. announced Aug. 2 an 11 percent increase in revenue to $16.5 million for the second quarter of 2006 compared with $14.8 million for the same period in 2005.

LG Sets Tone With Chocolate

Verizon Wireless plans to introduce a telephone handset that looks and operates remarkably like an MP3 player. The handset is produced by LG, which has North American operations in San Diego.

Tech on Wheels: Networkcar Sold

The sale of San Diego-based Networkcar , a wholly owned subsidiary of Kettering, Ohio-based Reynolds & Reynolds Co. , to New York-based Hughes Telematics was completed Aug. 1 for $17.7 million.

Tuesday, August 1

Barratt Finishes Record Year

Barratt American, a Carlsbad-based residential builder, on Aug. 1 reported record high revenue of more than $378.6 million for the fiscal year ended June 30.

SAIC Buys Aerospace Firm

Science Applications International Corp. announced Aug. 1 that it signed a definitive agreement to acquire a Torrance-based aerospace engineering and information technology company, BD Systems Inc.

Philippine Airlines Mulls San Diego Route

Philippine Airlines, the national airline of the Philippines, also known as PAL, announced its intentions this week to add San Diego to its U.S. routes within the next year.

Mitek's Loss: a Penny a Share

Mitek Systems Inc., an image analytics and intelligent character recognition software company, announced on Aug. 1 financial results for its third quarter, which ended June 30.

Pentagon OKs Fire Scout funds

The Pentagon announced July 28 it has awarded Northrop Grumman Corp. $136 million for continued testing and development of Northrop's Fire Scout drone. The majority of the work will be done in San Diego.

Mission Valley Residence Inn on block

The 192-room Residence Inn San Diego-Mission Valley is being acquired as part of a package of four hotels valued at $215 million, or $231,000 per room.

Amylin Exec Meets With Tony Blair

British Prime Minister Tony Blair recently met with Amylin Pharmaceuticals Inc. Chief Operating Officer Daniel Bradbury, the company confirmed.

Sempra Subsidiary Sold

Sempra Generation, a unit of San Diego-based Sempra Energy, announced Aug. 1 the finalized sale of its subsidiary, Sempra Energy Production Co., to PEC Minerals LP for $225 million in cash.

Ligand chief resigns

The chief executive officer of Ligand Pharmaceuticals Inc. resigned to pursue other opportunities, the company announced the morning of Aug. 1.

Profitline Collects Postal Service Deal

Profitline Inc., a San Diego firm that manages telecom bills and contracts for companies, obtained a contract from the U.S. Postal Service to manage the agency's local voice telecom expenses for all locations and branches.

Two Ladeki Restaurants Sold

Sami Ladeki has announced the sale of two of his restaurants, Fresh Seafood Restaurant & Bar in La Jolla and Blackhorse Grille in Del Mar.

Golden Acorn mulls hotel business

The Campo Band of Kumeyaay Indians has announced plans to build a hotel at its Golden Acorn Casino, located off Interstate 8 between San Diego and El Centro on the Campo Indian Reservation.