Stories for August 2006
Thursday, August 31
The Jamul Indian Village has released a report predicting the effects of its proposed casino-resort development on the surrounding community.
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.
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."
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.
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.
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
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."
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.
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.
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.
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
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.
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 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.
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.
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.
Gov. Arnold Schwarzenegger on Aug. 28 signed into law a bill that proposes to alleviate prohibitive costs associated with buying a home in California.
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
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.
Science Applications International Corp. announced the completed acquisition of Waldorf, Md.-based Applied Ordnance Technology.
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."
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.
A community bank is reaching out to Southeast San Diego, a place where service has been absent for quite some time.
Northrop Grumman Corp. rolled out its next-generation Global Hawk aircraft Aug. 25 at a ceremony in the company's Palmdale manufacturing center.
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.
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.
Chuck Longanecker, founder/CEO of digital-telepathy Inc.
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
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.
Palomar Pomerado Health is almost half finished with its $28 million overhaul and expansion of Pomerado Hospital in Poway.
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.
The Maritime Museum received a gift of $500,000 from Bob and Laura Kyle, who are on the museum's board of trustees.
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.
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.
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
Question: What's the best way to fire someone?
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
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.
Wireless technology company Qualcomm Inc. announced Aug. 18 that it is buying a San Diego company called Qualphone, paying $18 million cash.
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.
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.
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.
Despite a glass ceiling, four women shape their destinies in the fraternity of banks and credit unions.
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.
Boom or bust: Is downtown San Diego being overbuilt, or will shortages soon be plaguing the residential market, as demand overtakes supply?
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.
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 Inc. announced the placement of several top executives companywide and worldwide Aug. 24.
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.
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.
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.
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 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.
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
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
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.
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 Inc. announced on Aug. 24 that it has been issued six patents by the U.S. Patent and Trademark Office.
Poway-based SpaceDev Inc. will begin manufacturing micro-satellites for the Missile Defense Agency, the company announced Aug. 23.
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
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.
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.
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.
Vista-based Directed Electronics Inc. announced Aug. 21 that it plans to acquire Baltimore-based Polk Audio for $136 million in cash.
Gap Inc. announced Aug. 23 plans to open one of its Forth & Towne stores at the new Otay Ranch Town Center in Chula Vista.
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.
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
Gov. Arnold Schwarzenegger and Democratic legislators agreed Aug. 21 to raise the state minimum wage to $8 an hour by 2008.
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."
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.
Carlsbad-based Micromet Inc., formerly known as CancerVax Corp., is seeking a headquarters on the East Coast.
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.
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
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.
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
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.
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
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
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
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.
Science Applications International Corp. announced Aug. 21 that it has been awarded a contract with a maximum value of $120 million.
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.
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.
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.
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.
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
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.
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.
Prompted by the pending acquisition of Escondido-based Community Bancorp, the folks at First Community Bancorp decided to consolidate its two subsidiaries
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.
Question: What is accounts receivable financing and can a small business benefit from it?
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.
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.
Active commercial projects of H.G. Fenton Co.
San Diego's H.G. Fenton Co. , this year celebrating its 100th anniversary , already has its sights fixed on the next hundred years.
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
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.
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.
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.
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.
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.
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.
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.
The evolution of an Internet phenomenon called the "wiki" is being hastened by a local partnership.
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
New computer software may save California hospitals time and money by reassessing whether many buildings really need seismic retrofitting.
Friday, August 18
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.
Sylvia Rios will serve as chairwoman of the San Diego Unified Port District's board of commissioners beginning in January.
Wireless technology company Qualcomm Inc. announced Aug. 18 that it is buying a San Diego company called Qualphone, paying $18 million cash.
San Diego will be the latest in a limited number of markets to receive AT & T;'s Homezone service.
Thursday, August 17
San Diego-based Continuous Computing Corp. announced that its executive vice president of sales and marketing, Ron Pyles, has been promoted to president.
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.
San Diego-based medical device manufacturer ResMed Inc. has announced quarterly and annual earnings for the period ended June 30.
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.
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."
Lt. Gov. Cruz Bustamante plans to sign an agreement promoting trade between Nigeria and California while appearing in Del Mar on Aug. 18.
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 Trust issued a public offering of 6.9 million shares of common stock priced at $28.75 per share Aug. 16.
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 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.
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.
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.
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
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 Inc. has closed a new round of financing worth more than $16 million.
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.
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.
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
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
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
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, 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.
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.
The city of Carlsbad is gearing up for its first "transit-oriented development" , the $60 million Poinsettia Commons planned adjacent to the Coaster station.
The American Institute of Architects, San Diego chapter, on Aug. 7 announced the recipients of its 2006 design awards.
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?
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.
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.
General Dynamics Nassco has acknowledged receipt of a $1 billion contract to build nine tankers designed to carry petroleum and chemicals.
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
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.
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.
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.
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.
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.
This fall, San Diego City College will offer the first two-year manufacturing engineering technology program in the state of California.
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.
Question: How do I de-stress the workplace?
City Council Did Not Utilize Risk Management Controls
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.
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.
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 as reported by BeerAdvocate.com.
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.
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 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 Inc., a Carlsbad-based provider of satellite communications gear, concluded an internal investigation into its accounting practices related to stock-based compensation Aug. 10.
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.
The airline terror scare disclosed Aug. 10 has brought new rules for travelers, as well as heightened security at San Diego International Airport.
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 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.
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
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.
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 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 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.
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 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
San Diego-based biotech Discovery Partners International Inc. announced a loss for the second quarter on Aug. 9.
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.
Finland-based cell phone maker Nokia announced Aug. 9 it has filed a complaint against Qualcomm Inc. with the Delaware Court of Chancery.
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.
Seattle-based Alaska Airlines plans to offer new daily nonstop service between San Diego and San Francisco starting on Oct. 29.
Tuesday, August 8
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.
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.
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 Facilities Inc., a systems engineering and network services provider, announced second quarter earnings Aug. 8.
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 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 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.
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 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.
There are a handful of entrepreneurial lawyers like Amit Singh brave enough to take a leap of independence.
Cabrellis Pharmaceuticals Corp. of San Diego announced Aug. 7 that it closed $27.5 million in Series A financing.
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?
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 Biosciences, Inc. is cutting 100 jobs at its San Diego campus, the company announced after the market closed Aug. 7.
General Dynamics Nassco announced Aug. 7 it has received a $1 billion contract to build nine tankers designed to carry petroleum and chemicals.
Denise Cunningham, vice president and general manager of consumer products and services, AT & T; Corp., San Diego office.
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.
Del Mar Thoroughbred Club chases growth with advanced wagering technology, plus outreach to young people and women.
John Along & #233;, owner of San Diego Wine & Culinary Center.
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
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.
The 21st century has thrown law firms a curve: How do they keep that old-world ambiance, while meeting their clients' high-tech demands?
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.
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.
Upgrades to infrastructure make Mexico more attractive to area's baby boomers.
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
Advertising budgets are expected to increase steadily across most industries next year, but it's a mixed bag in San Diego.
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.
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.
Question: How do I become a better sales coach to my employees?
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.
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.
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.
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
Friday, August 4
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 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.
WebSideStory Inc., a Web tracking technology company, announced a loss for the second quarter on Aug. 4.
Escondido-based real estate investment trust Realty Income Corp. announced its earnings for the second quarter on Aug. 2.
San Diego-based Leap Wireless International Inc., a mobile wireless services company, released second-quarter earnings Aug. 3.
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.
Digirad Corp., a medical imaging products and services company, announced financial results for the second quarter of 2006.
Thursday, August 3
San Diego County's mortgage default notices came close to doubling during the second quarter, according to figures released by DataQuick Information Systems.
Sequenom Inc., a genetic analysis products company, announced a second-quarter loss Aug. 3.
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.
DJO Inc., the Vista-based medical device company formerly known as dj Orthopedics, announced second-quarter earnings Aug. 3.
Wednesday, August 2
Accelrys Inc., a San Diego-based software company specializing in solutions for biotech and pharmaceutical firms, announced quarterly financial results Aug. 2.
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.
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.
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 Systems Corp., a Carlsbad company that makes computer gear for data storage and management, released financial results for the second quarter Aug. 2.
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.
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.
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 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.
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, 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 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.
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.
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.
British Prime Minister Tony Blair recently met with Amylin Pharmaceuticals Inc. Chief Operating Officer Daniel Bradbury, the company confirmed.
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.
The chief executive officer of Ligand Pharmaceuticals Inc. resigned to pursue other opportunities, the company announced the morning of Aug. 1.
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.
Sami Ladeki has announced the sale of two of his restaurants, Fresh Seafood Restaurant & Bar in La Jolla and Blackhorse Grille in Del Mar.
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.