Stories for December 2006

Friday, December 29

AMS Files for Chapter 11 Bankruptcy

Advanced Marketing Services Inc., a San Diego-based distributor of books to warehouse stores such as Costco, filed for Chapter 11 bankruptcy protection Dec. 29.

Air Traffic Picks Up Pace in November

The passenger count at Lindbergh Field during November, traditionally one of the busiest travel months of the year, edged up slightly from the same year-ago month, but not enough to make a difference in the year-to-date statistic, which is flat overall.

Maui Flights Taking a Holiday

The parent company of Hawaiian Airlines announced that Hawaiian is temporarily suspending nonstop daily flights between San Diego and Maui from Jan. 9 through March 15 because of a delay in the availability of additional aircraft to its fleet.

Thursday, December 28

Sempra Divests Assets, Looks Ahead

Sempra Energy announced the divestiture of its interests in two Argentine natural gas distributors and new year-end earnings estimates on Dec. 27.

SAIC Deal Potentially Worth $53.9M

Science Applications International Corp. announced that it has been awarded a contract from the Defense Threat Reduction Agency with a potential value of $53.9 million.

Wednesday, December 27

InfoSonics Shares Spike Upward

Shares in San Diego-based InfoSonics Corp., which distributes wireless phones and provides related services, rose dramatically Dec. 27. Late in the trading session shares were selling for $5.59, some 44 percent higher than their previous day's close.

Convention Center Breaks Attendance Records

The San Diego Convention Center broke all previous annual attendance records when the 1 millionth visitor walked through its doors during the International Auto Show which began Dec. 27 and runs through Dec. 31.

Tuesday, December 26

EpiCept Licenses Back Pain Patch

EpiCept Corp., a New York biotech with San Diego roots, said Dec. 26 that it will license a pain-treatment drug patent to Durect Corp. of Cupertino. Specifically, EpiCept will grant Durect the exclusive, worldwide rights to certain EpiCept intellectual pr

Kilroy Breaks Ground in Sorrento Mesa

Kilroy Realty Corp. said Dec. 22 that it has broken ground on a new building in Sorrento Mesa.

Friday, December 22

Jobless Rate Rises in November

San Diego's unemployment edged up to 3.9 percent in November from 3.6 percent in October, according to the state's Employment Development Department. The regional rate continued to still be below the 4.5 percent rate for the entire state, and 4.3 percent

Hanmi Bank Completes 17-Month Trek

Hanmi Financial Corp., the Los Angeles-based parent company to Hanmi Bank, with an office in San Diego, said a regulatory order called a memorandum of understanding was terminated Dec. 21 following a recent joint bank examination.

Governor Fills Water Board Position

David King, 36, corporate counsel to San Diego businesses, has been appointed by Gov. Arnold Schwarzenegger to the San Diego Regional Water Quality Control Board.

JMAR Headed to the Pink Sheets

San Diego-based JMAR Technologies Inc. announced that it received a notification from Nasdaq stating that the company's stock will be delisted from the exchange as of Dec. 26.

Thursday, December 21

Foundations Choose Liberty Station

The San Diego Foundation and San Diego Women's Foundation have purchased a building on Historic Decatur Road at Liberty Station in Point Loma.

Qualcomm Lowers Forecast

Qualcomm Inc. has lowered its earnings forecast for the quarter ended Dec. 31. In a press release issued late Dec. 21, the company said it expected pro forma earnings of 41-42 cents per diluted share. Previously, the company forecast pro forma earnings of

Shidler Group Makes Another Arden Buy

The Shidler Group announced Dec. 20 that its affiliates have purchased a 15-building portfolio, containing more than 1 million square feet of office properties in San Diego, Orange and Los Angeles counties, for $187 million.

Wednesday, December 20

Artes Goes Public

San Diego-based Artes Medical Inc., which makes implant material for cosmetic surgery, began trading on the Nasdaq on Dec. 20.

NewStar Financial Holds IPO

NewStar Financial Inc., a Boston-based finance company with an office in San Diego, completed its initial public offering Dec. 19, selling all of the 12 million shares and an additional 1.8 million shares to its underwriters.

Websense to Buy PortAuthority

Web security software company Websense Inc. announced a definitive agreement to acquire Palo Alto-based PortAuthority Technologies Inc. for approximately $90 million in cash.

Jack Buying Back 2.3 Million Shares

Jack in the Box Inc. said it expects to spend about $142.5 million to purchase about 2.3 million shares of its common stock in a stock repurchase that expired Dec. 19.

Treasury Selects SYS and Unisys

San Diego-based SYS Technologies announced receipt of a five-year contract with an estimated value of $5 million to team with Unisys in providing information technology supporting several federal agencies.

Tuesday, December 19

SYS Takes Part in Spawar Contract

San Diego-based SYS Technologies announced Dec. 19 that it is a member of a Science Applications International Corp. team to support Space and Naval Warfare , or Spawar , Systems Center San Diego.

Illumina Has a Customer in GlaxoSmithKline

San Diego's Illumina Inc., which has most of its 500 employees here, announced Dec. 19 that it has signed a "multi-million dollar" agreement with GlaxoSmithKline.

Monday, December 18

American Property Management Books Big Hotel Deals

American Property Management Corp. is getting larger and going international with the close of two property acquisitions.

Qualcomm Takes a Patent Blow

The U.S. International Trade Commission upheld an initial determination against San Diego-based chip maker Qualcomm Inc. Dec. 11 that the company infringed on five claims of a Broadcom Corp. patent.

No. 1 , Ernest Rady

Ernest Rady

No. 15 , Donald Shiley

Donald Shiley

New Chairman of Food Bank Wants to Lift the Bar for Holiday Donations

Mitch Mitchell, the new chairman of the San Diego Food Bank, says it's time to focus on short-term goals, like having a successful holiday food drive.

American Technology Investigating the Timing of Stock Option Grants

American Technology Corp., which develops and licenses cutting-edge technology involving focused sound waves, said it has begun an investigation into the granting of stock options after discovering accounting errors in previous financial reports.

SAIC Earnings Rise in Quarter

Science Applications International Corp., a San Diego-based engineering and research firm that went public in October, reported net income for its third quarter that ended Oct. 31 of $98 million on revenue of $2.1 billion.

Mission Valley Sheraton Sold

The 260-room Sheraton San Diego Mission Valley sold this month as part of a seven-hotel package for $267.2 million to Ashford Hospitality Trust, a publicly traded Dallas-based real estate investment trust.

Corrections & Clarification

For Dec. 4 and Dec. 11, 2006

No. 17 , Conrad Prebys

Conrad Prebys

Week in Review

Top Business News: Dec. 8 - 14, 2006

No. 8 , William Lerach

William Lerach

Rewards Are Many in Foreign Markets, But So Are the Risks

Construction manager Yehudi "Gaf" Gaffen has gotten his bottom line battered with his recent ventures overseas.

No. 3 , Sidney Frank

Sidney Frank

No. 9 , Katherine B. Loker

Katherine B. Loker

No. 7 , Audrey Geisel

Audrey Geisel

Tourism Pros Having Nightmares Over 2007 Predictions

Tourism Pros Having Nightmares Over 2007 Predictions

No. 11 , Robert Sarver

Robert Sarver

Small Biz How To

Question: Should our president/chief executive officer be the company pitchman and, if so, how do I leverage the power of our brand leader?

No. 23 , Michael Robertson

Michael Robertson

Jamul Indian Village Publishes 3rd Casino Study

The Jamul Indian Village took another step toward the creation of a Jamul casino Dec. 18 when it released an amended environmental impact document for the project.

No. 5 , Ted Waitt

Ted Waitt

Scripps Hospital La Jolla Has a Ball, Receives $3M Donation

Betty Knight Scripps, president of Scripps Enterprises Inc. and newspaper heiress and wife of the late Edward Scripps, gave a $1.25 million challenge grant to Scripps Memorial Hospital La Jolla during the 77th annual Candlelight Ball.

Space Tourism Emerges From Outer Fringes of Travel Industry

Craig Buck is now among an elite group of high-end travel consultants selected to reserve seats aboard Virgin Galactic's suborbital spaceflights.

No. 14 , Andrew Viterbi

Andrew Viterbi

Somaxon Stock Perks Up With News

Somaxon Pharmaceuticals Inc. announced Dec. 18 positive results from its final clinical trial for potential sleeping pill Silenor.

San Diego People

Key Hires and Promotions; Executive Spotlight: Rich Roge

No. 2 , Charles Brandes

Charles Brandes

Alphatec Under New Management

John Foster, executive chairman of Alphatec Holdings Inc., has taken the roles of president and chief executive officer after the departure of two top executives.

IntelliDot Dangles Its Caret Wireless Device to Health Care Systems

IntelliDot Corp. CEO Thomas Klopack likes to call his company's product the "medical iPod."

Del Mar Heights Sale Benefits Texas Developers

The Fort Worth, Texas-based real estate company that developed the recently completed Paseo Del Mar Class A office complex has sold its 80 percent interest in the venture for $42 million.

Study Calculates Grocers' Giving

California's grocery industry gave $374 million to charity during 2004, according to a first-of-its-kind survey released Dec. 11 by the California Grocers Association.

Sleek BMW Z4 Coupe Features All-Modern Interior

Sleek BMW Z4 Coupe Features All-Modern Interior

No. 10 , John J. Moores

John J. Moores

No. 20 , Paul Jacobs

Paul Jacobs

Funnel Funds From Proposed Library Into Neighborhoods

Funnel Funds From Proposed Library Into Neighborhoods

Northrop Gets More Whirlybird Work

Northrop Grumman Corp.'s San Diego facility has been awarded a $16.2 million contract modification from Naval Air Systems Command in Patuxent River, Md.

Mental Health Groups: Heads From 2 Associations Better Than 1

The Mental Health Association in San Diego County and Alpha Behavioral Health Services will operate from the same office in North Park beginning in January.

Irwin Jacobs Believes There's Still Plenty to Give in San Diego

Though Qualcomm Inc. co-founder Irwin Jacobs donated an astounding $60 million this year to an overseas university and an Ivy League school in New York, he still believes there's plenty of opportunity for philanthropic endeavors in San Diego.

Tech-Savvy Youths Still Schlepping to Malls for Holiday Shopping

They may be the most tech-savvy generation to date, but a new survey finds tweens and teens are opting out of the online shopping scene in lieu of hitting the proverbial mall scene.

Labor Woes Beset American Property Management

A San Diego hotelier who recently acquired a hotel near Los Angeles International Airport and increased workers' minimum pay rates to meet a living wage ordinance that has yet to take effect in that city, says a coalition of nearby hotels bent on getting

No. 12 , Gerald Parsky

Gerald Parsky

No. 6 , David Copley

David Copley

Two Men in Search of a Recycling Bin Discover a Business

A San Diego startup has come up with an idea that could increase the amount of recyclables collected while cutting the waste pouring into local landfills.

Home Buyers Detach Themselves From County, Realtor Report Reads

Sales volume for detached homes in San Diego County totaled $850 million in November, dropping 33 percent from the previous year, and nearly 14 percent from October.

Progress Report

Progress Report , Contract awards and construction milestones.

November Home Sales Lag More

The number of homes sold in San Diego County dipped by more than 24 percent in November compared with last year, while the median price sank by almost 7 percent to $482,000.

Regional Roundup

Windermere Real Estate announced the opening of a La Mesa affiliate Dec. 6. And other news from around San Diego County.

No. 25 , Richard J. Heckmann

Richard J. Heckmann

No. 19 , Richard Sulpizio

Richard Sulpizio

No. 13 , Sol Price

Sol Price

Wal-Mart Violating No One's Rights By Opening Stores

Wal-Mart Violating No One's Rights By Opening Stores

No. 22 , Jenny Craig

Jenny Craig

No. 18 , Walter J. Zable

Walter J. Zable

No. 24 , Darrell Issa

Darrell Issa

Zoological Society Settles Suit Centered on the Disabled

The Zoological Society of San Diego settled a lawsuit that alleged discrimination against disabled visitors who used motorized scooters and wheelchairs at the parks.

CEO Can Help Firm's Pitch Fly Right Into Consumers' Ears

Question: Should our president/chief executive officer be the company pitchman and, if so, how do I leverage the power of our brand leader?

Executive Profile , David Schull

David Schull's career as a public relations executive for international life sciences publicity firm Noonan Russo began, ironically, during his second year of law school in the early 1990s.

San Diego's Wealthiest Run the Gamut of Elusive to Prominent

This year's list of San Diego's wealthiest residents may look familiar , a case of the rich staying rich and, in some instances, getting much richer. At least, according to research conducted by the Business Journal.

Arena Football to Resurface at Cox With the Arrival of the Shockwave

Arena football is making a comeback in San Diego this spring with the San Diego Shockwave, a new franchise in the National Indoor Football League.

Polar Aviators Rely on Sponsor's Lifesaving Satellite Equipment Again

When Jennifer Murray and Colin Bodill attempted to fly around the world via the North and South poles to set a world record in 2003, their helicopter crashed in Antarctica and left the two stranded. But using devices supplied by their La Jolla-based spons

City Council Has More Pressing Issues Than Ban on Fatty Goose Liver

Perhaps City Hall has chosen to tackle baby goose liver to get in shape for the larger task of dealing with the municipal pension fund crisis or providing for public safety with an understaffed police force.

No. 16 , Martin Wygod

Martin Wygod

No. 21 , Robert E. Price

Robert E. Price

No. 4 , Irwin M. Jacobs

Irwin M. Jacobs

Geraniums Helping Ecke Ranch Blossom

Paul Ecke Ranch in Encinitas expects to finish off 2006 with a sales increase of 25 percent to 33 percent over 2005.

Friday, December 15

Ophthonix Sees $35M in Venture Funds

Ophthonix, a San Diego firm that is developing new types of corrective lenses, received $35.1 million in a Series D round of venture funding, the company announced Dec. 14.

Police Civil Rights Action Dealt Blow

A federal judge Dec. 14 dismissed portions of a civil rights action brought by 1,600 San Diego police officers against city officials.

Guilty Pleas on Hiring Illegal Immigrants

Attorneys for two executives of the Golden State Fence Co. and the company itself pleaded guilty to hiring illegal immigrants during a Dec. 14 appearance in federal district court in San Diego.

Thursday, December 14

El Cajon Company Faces EPA Fine

The U.S. Environmental Protection Agency settled with El Cajon-based GKN Aerospace Chem-tronics Inc. for $11,900 regarding hazardous waste storage violations. The agency announced the settlement Dec. 13.

Leap Gets Rights to Airwaves in Carolinas

Leap Wireless International Inc. announced that it acquired 13 spectrum licenses in North and South Carolina for $31.8 million, allowing the company to expand its wireless services.

Escondido Ends Fight Over Rental Ordinance

Escondido agreed to settle the lawsuit brought against it by a coalition of civil rights organizations on behalf of a set of landlords and tenants challenging a city ordinance that bans renting to illegal immigrants. The city announced the settlement on t

Kintera to Raise $5M in Private Placement

Kintera Inc., a San Diego-based software firm that helps nonprofits manage their fund raising, said Dec. 13 that it would issue 4 million shares of its common stock in a private placement at $1.25 per share, raising an expected $5 million. The closing is

Home Sales, Typically Slow in November, Lag More

The number of homes sold in San Diego County dipped by more than 24 percent in November compared with last year, while the median price sank by almost 7 percent to $482,000.

North County Home Sales Slow

The median price for all homes in North County , single-family detached and attached , declined from $545,000 in October to $540,000 in November.

WD-40 Raises Dividend

WD-40 Co., a maker of lubricants and cleaning products, increased its dividend by 13.6 percent to 25 cents per share.

Wednesday, December 13

Rents Rising in San Diego County

Slowing home sales are driving higher occupancy rates in rental housing throughout the county, driving up rental rates, according to the San Diego County Apartment Association's 2006 fall survey.

Cisterra Wins Judgment Against Irvine Co.

San Diego-based Cisterra Partners won a $37.5 million verdict in San Diego Superior Court on Dec. 11 against the Orange County-based Irvine Co., following six years of litigation.

Promotion, New Hire in Qualcomm Executive Offices

San Diego-based chip-maker Qualcomm Inc. announced the appointment of Sanjay Jha to the position of chief operating officer Dec. 13. Additionally, the company announced it has hired Len Lauer to the positions of corporate executive vice president and grou

SAIC Earnings Rise in Quarter

Science Applications International Corp., a San Diego-based engineering and research firm that went public in October, reported net income for its third quarter that ended Oct. 31 of $98 million on revenue of $2.1 billion.

Study Calculates Grocers' Giving

California's grocery industry gave $374 million to charity during 2004, according to a first-of-its-kind survey released Dec. 11 by the California Grocers Association.

Tuesday, December 12

Commercial Property Trade Group Names Chief

Gary Katz, director of acquisitions, Southern California and southwestern United States for Westcore Properties LLC, has been named the 2007 president of the San Diego chapter of the National Association of Industrial and Office Properties.

Barona Promotion Targets Locals

Barona Valley Ranch Resort & Casino is offering San Diego residents what could be a sure bet. Through Dec. 28, local residents who sign up for a free membership in Club Barona can double their winnings up to $100 or cover their losses for the same amount.

Invitrogen Invests in Blue Heron

Invitrogen Corp. announced Dec. 12 that it entered into a strategic agreement with Bothell, Wash.-based Blue Heron Biotechnology, whereby Invitrogen will invest in Blue Heron and become the exclusive distributor of Blue Heron's synthetic genes globally.

Monday, December 11

U.S. Bank's SBA Loan Division Ranked Third Nationwide in 2006

U.S. Bank, which acquired the Bank of Commerce in 1999 and still maintains its Small Business Administration division here, enjoyed another good year in 2005. It broke a prior year record, even with the national SBA program having reduced loan volumes.

Regional Roundup

Ground will be broken next month on City Square, a project that will bring 102 town houses to downtown Escondido. And other news from around San Diego County.

What Does the Cop Have in Common With the Sailor? The Two Have San Diego's Best Interests at Heart

What Does the Cop Have in Common With the Sailor? The Two Have San Diego's Best Interests at Heart

Commission Upholds Decision Against Qualcomm

The U.S. International Trade Commission upheld an initial determination against San Diego-based chip-maker Qualcomm Inc. on Dec. 11 that the company infringed on five claims of a Broadcom Corp. patent.

ProfitLine Dials for Dollars, Triples Sales in Past 12 Months

ProfitLine, a local business aimed at helping large corporations manage what they spend on telephones and related devices, is getting pretty large itself.

Ruben Barrales, Aide to President Bush, Tabbed to Lead Chamber

New CEO scheduled to take post on Jan. 8.

Executive Profile , Jim Tindaro

Curiosity may have killed the cat but it's worked out for Jim Tindaro, making him one very successful advertising executive. As chief executive officer of AM-Strategies, Tindaro runs the third largest ad agency in town.

Spring Valley Firm Included in Pirated Software Complaints

Microsoft Corp. announced Dec. 4 that it has filed 30 complaints against companies and individuals that are allegedly selling pirated software. One of the companies, Delta4 Services, is based in Spring Valley.

Irvine Brokerage Assembles Local Team to Auction Off Condos

It's off to the auction block for some slow-moving condominiums.

Week in Review

Top Business News: Dec. 1 - 7, 2006

Flu Can Cost Businesses $10 Billion, And That's Nothing to Sneeze At

Considering that the flu could cost employers nationwide nearly $10 billion in lost wages this season, some local companies are bringing flu shots to the workplace. Luckily, local health advocates say that the vaccine supply is plentiful this year.

Rising Costs, Number Of Poor Patients Putting Pressure on Community Clinics

Officials say 80 percent of the people they serve are the working uninsured or under-insured.

Cubic's Zable Gains Ernst & Young Entrepreneur of the Year Honors

Cubic's Zable Gains Ernst & Young Entrepreneur of the Year Honors

San Diego People

Key Hires and Promotions; Executive Spotlight: Diane Goostree

Letter

A Taxing Solution to Police Force Woes

Sanders Looks Back on Year

Mayor Jerry Sanders on Dec. 5 chronicled what he considered to be his major achievements of the past 12 months, along with the challenges that remain "in order to bring meaningful and permanent reform to City Hall."

Chula Vista's Windingwalk Features Skate Park, Plus Picnic Areas

South Bay residents now have a new public park, part of the master-planned community of Windingwalk in Chula Vista. The $5 million park, which opened Nov. 22, features basketball and tennis courts, a softball/soccer field and picnic areas.

Mission Valley Sheraton Sold

The 260-room Sheraton San Diego Mission Valley sold this month as part of a seven-hotel package for $267.2 million , $133,333 per room , to Ashford Hospitality Trust, a publicly traded Dallas-based real estate investment trust.

Luxtera Wins Darpa Contract for Faster Data Transfers in Military

Carlsbad-based startup Luxtera Inc. has won a $5 million military contract for advancing a new technology that will allow U.S. agencies and commercial industries to use photon receivers that send data faster and cheaper.

Three Weeks Left to Save on Business, Personal Taxes for 2006

Taxpayers have three weeks left to make their final moves for the 2006 tax year. According to financial consultant David Reyes Jr., it is not too late to develop a tax strategy.

Iapyx Gets $9M in Venture Funding

Iapyx Medical, a San Diego-based developer of medical devices that was formerly called Medical Device Group, said Dec. 11 that it received a $9 million investment from Tavistock Life Sciences.

Pauma-Caesars Casino Project Wasn't in the Cards; Tribe Awarded $30M

An ill-fated business relationship, which in 2003 spurred talk of a Caesars-brand casino-resort going up on the Pauma Indian reservation in North County, has degraded to the point of a jury's Dec. 1 decision to award $30 million in damages to the Pauma tr

Failure to Pay Auto Loans Leads to Profit Squeeze at Credit Unions

A rising tide of delinquencies at Centrix Financial Corp. have wreaked havoc with the financial returns of hundreds of credit unions nationwide in recent months, including Mission Federal, San Diego Metropolitan and Great American credit unions in San Die

U-T, North County Times Hoping to Say Yahoo! About New Ad Deal

In what's likely an attempt to pick up lagging ad revenues across the board, San Diego County's two major daily newspapers have teamed with Yahoo! Hot Jobs.

New Chief Seeking to Raise Bar for 100-Year-Old County Association

Assistant U.S. Attorney Jill L. Burkhardt was sworn in as president of the San Diego County Bar Association on Dec. 1. Burkhardt will serve a one-year term. She is a past president of the Lawyers Club of San Diego.

Can't We All Get Along? Bosses Must Lower Stress Level

Question: I want to kick off 2007 on the right foot, how do I create a healthy, stress-free workplace for my employees?

Survey Shows 43 Percent of Employers Plan to Hire

San Diego employers are split between planning to hire at a faster clip, and keeping payrolls at the current size during the first quarter of 2007, according to a Manpower Employment Outlook survey released Dec. 11.

Are San Diego Eateries Ready to Digest a Ban on Trans Fats?

California cities would be making a mistake if they decided to take a cue from New York City and ban the use of artificial trans fat laden oils, shortening and spreads in restaurants, according to the head of the California Restaurant Association.

Frequent Business Fliers Rack Up Mileage in the Pilot's Seat

As lines grow longer at the commercial airports due to heightened security and flight delays become routine, business people are climbing into cockpits of their own and flying wherever they have to go to get their jobs done. The time they save, they say,

Small Business Spotlight , Alero Technology

Maurice Correa is an immigrant who, through higher education, made his American dream come true. The Colombian-born Correa owns Alero Technology, a small software company in Carmel Valley's Torrey Hills area enjoying its fifth year in business.

Hotels Get a Hefty Share of Corporate Good Fortune

It's hard to tell whether California's reputation of being unfriendly to business is losing some of its tarnish, but an increase in corporate meetings , most of it coming from in-state , has prompted at least one hotel executive to add another sales manag

Budget Alert: Travel Costs Expected to Increase in '07

While corporate meeting planners work to negotiate travel plans with hotel companies, one thing has become clear, according to the annual American Express Business Travel Forecast published this year: Costs are going up.

Halozyme Makes $20M Deal With Huge Swiss Pharmaceutical Firm

San Diego-based Halozyme Therapeutics Inc. entered into a $20 million agreement with Swiss pharmaceutical giant Roche last week. Roche will apply Halozyme's Enhanze technology, which helps the skin absorb drugs, to several of Roche's products.

Seven Businesses Torch Their Competition

The San Diego County Better Business Bureau announced the top winners of its 2006 Torch Awards for marketplace ethics, with seven local for-profit companies and one nonprofit honored.

Nonprofit Profile , Charles I. Cheneweth Foundation

A talk with Lisa Kramer, executive director, Charles I. Cheneweth Foundation.

Friday, December 8

Launch Makes Room for New Work at Nassco Shipyard

San Diego-based General Dynamics Nassco announced it is starting construction on the seventh U.S. Navy resupply ship of the T-AKE class on Dec. 7 following the successful launch of the USNS Alan Shepard into San Diego Bay Dec. 6.

Arena Puts More Shares on Market

Arena Pharmaceuticals announced the pricing of a public offering Dec. 8 for 11.5 million shares of common stock at $13.21 per share. Underwriters for the offering have the option to purchase an additional 1.7 million shares to cover over-allotments.

Sale Imminent for Copley Press' Daily Breeze

Two newspapers are reporting that La Jolla-based Copley Press Inc. will soon sell its Torrance newspaper, the Daily Breeze.

Neither Up Nor Down, Airport Traffic Cruises Steadily

Unless travel picks up rather dramatically at Lindbergh Field, the airport will end the year on a flat note. Between January and the end of October, the passenger count was up a mere 0.4 percent to 14.6 million, or basically flat.

MediciNova Makes Nasdaq Debut

San Diego-based bio-pharmaceutical company MediciNova Inc. held its initial public offering Dec. 7. The company is listed on the Nasdaq exchange under the ticker symbol MNOV and co-listed on the Osaka Securities Exchange , also known as the Hercules , tra

Ruben Barrales, Aide to President Bush, Tabbed to Lead Chamber

Ruben Barrales, a deputy assistant to President Bush, will be looking beyond the region's borders as the new president and chief executive of the San Diego Regional Chamber of Commerce.

Viejas Official Named to Federal Panel

Norman DesRosiers, a tribal gaming commissioner for the Viejas Band of Kumeyaay Indians, was appointed to the National Indian Gaming Commission by U.S. Interior Secretary Dirk Kempthorne, according to a notice released Dec. 6.

Realtor Association Names President

Heather Benson of Prudential California Realty will take over the office of president of the North San Diego County Association of Realtors in January. Currently practicing in Carlsbad, she has been a real estate agent in North County for 16 years.

November Home Sales Volume Declines

Total sales volume for detached homes in San Diego County totaled more than $850.4 million in November, dropping almost 33 percent from the previous year, and almost 14 percent from October.

Thursday, December 7

CCDC Elects Officers

The Centre City Development Corp. board Dec. 6 elected its officers for 2007. Fredric Maas will serve as chair.

Chargers to Focus on Prospects in County

The Chargers say the football team won't talk to other cities interested in luring the franchise Jan. 1, as the current lease permits, until it concludes whether there's any solution to finding a new stadium inside San Diego County.

Wednesday, December 6

Deputy District Attorney Gets Judge's Robes

Kathleen M. Lewis has been appointed by Gov. Arnold Schwarzenegger to the San Diego Superior Court.

SAIC Deal May Be Worth $423M

Science Applications International Corp. announced on Dec. 6 that it received an indefinite delivery/indefinite quantity contract from J63 Enterprise Command and Control Advanced Technology Services worth an estimated $423 million at full exercise value.

Cricket Goes to Market in San Diego

Cricket, the flat-rate wireless service provided by San Diego-based Leap Wireless International Inc., launches locally Dec. 6, with hopes of capturing some of the regional market that's estimated to have 2.8 million customers.

Seven Businesses Torch Their Competition

The San Diego County Better Business Bureau announced the top winners of its 2006 Torch Awards for marketplace ethics, with seven local for-profit companies and one nonprofit honored.

Tuesday, December 5

Microsoft Sues Delta4

Microsoft Corp. announced Dec. 4 that it has filed 30 complaints against companies and individuals that are allegedly selling pirated software. One of the companies, Delta4 Services, is based in Spring Valley.

New York Fund Buys Aplus.Net

Aplus.Net, a San Diego-based company offering Web hosting, Web design and related services, said Dec. 5 that it was acquired by Catalyst Investors, a New York-based private equity fund, for an undisclosed price.

Sanders Looks Back on Year

Mayor Jerry Sanders on Dec. 5 chronicled what he considered to be his major achievements of the past 12 months, along with the challenges that remain "in order to bring meaningful and permanent reform to City Hall."

Mayor Releases Survey Showing San Diegans More Upbeat

San Diegans are becoming increasingly upbeat about life in the city, according to a survey by Competitive Edge Research. Mayor Jerry Sanders released the survey results Dec. 5.

Verimatrix on the Move

Verimatrix Inc., a local security software company, announced Dec. 4 its move to Mira Mesa. The 45-employee company is now located in a 16,545-square-foot building at 6825 Flanders Drive.

Qualcomm Reports Successful MediaFlo Tests

Qualcomm Inc. announced Dec. 4 a successful technical trial of its MediaFlo system in test environments. MediaFlo enables the broadcasting of high-quality video streams and other media to mobile handsets.

Monday, December 4

Corrections & Clarification

For Nov. 27, 2006.

SAIC Announces NATO Missile Deal for Troop Defense

Science Applications International Corp., a San Diego-based defense contractor, announced Nov. 28 it struck a $95 million contract deal with the North Atlantic Treaty Organization, to assist with one of its missile defense programs.

Apartment Market Slows After Two-Year Run With Record Prices, Sales

Sales of San Diego County's apartments continue to slow, reflecting the difference in the expectations of sellers and requirements of buyers, according to a recent report by Burnham Real Estate.

Manchester, Navy OK $1.2B Broadway Waterfront Redo

The Manchester Financial Group has entered into a landmark 99-year lease with the Navy.

Here's Something to Bark About, Residential Vacation Pet Care

Paws 'N Play temporarily places pets with a network of host families who take care of them when you can't.

Wal-Mart Decision 'Foolish,' Says Expert

San Diego's decision to ban super-sized retail stores from opening within city limits is drawing criticism.

Dalrada, Symbol of Magical Powers, Discovers Business Services

From the ashes of a failed business that sold laser printers, copiers and computer peripherals, San Diego-based Dalrada Financial Corp. is finding new life as a provider of business insurance, HR and other support services to small- and medium-sized busin

San Diego People

Key Hires and Promotions; Executive Spotlight: Anamaria Repetti

Jack in the Box Foundation Gives $25,000 to UCSD's Preuss School

Jack in the Box Foundation Gives $25,000 to UCSD's Preuss School

Week in Review

Top Business News: Nov. 24 - 30, 2006

Paradise Valley Terminates Its HMO Contract With Molina Healthcare

Paradise Valley Hospital has terminated its contract with Molina Healthcare Inc., known for providing health coverage for the working poor. According to the California Department of Managed Care, the contract was terminated by the hospital Nov. 21.

Jack's Share Price Won't Be Boxed in, Springs Above $60

Jack in the Box, primarily found in the West, is not at the same level as McDonald's or Wendy's, but it's gaining ground , and from an investor's perspective, the outlook couldn't be better.

Cricket Arrives Back Home With No Contract, Unlimited Calling Plans

Cricket, a flat-rate wireless service targeting frugal consumers, makes its debut in San Diego this week, hoping to capture a big chunk of business out of the gate.

XC Marks the Spot for Volvo's Best-Selling Sport Utility Vehicle

XC Marks the Spot for Volvo's Best-Selling Sport Utility Vehicle

Regional Roundup

North County's business and residential communities now have access to a new Web site filled with information on waste disposal, recycling, community events and other local service offerings. And other news from around San Diego County.

United Way's New Mission: Make Itself Accountable to Donors

Faced with a slide during the last decade and a half that saw contributions fall by 25 percent even as the region experienced rapid growth, the United Way of San Diego is sharpening its focus to dust itself off from the fall.

Fallbrook/Bonsall Market Cools Off

Real estate sales volume and prices in Bonsall and Fallbrook declined for the first time in three months in November, according to Jerry Kalman, a real estate agent in the Bonsall office of Re/Max United.

Illegal Immigrants Receive Reprieve From Federal Judge

Some tenants and landlords in Escondido are protected , for the time being , from a newly created city law that could someday leave many undocumented residents homeless.

Construction Journal

Construction Journal , Contract Awards and Construction Milestones

'Hot' Santas in Abundance at Recent Shops at Las Americas Auction

The weekend that follows the post-Thanksgiving weekend frenzy is traditionally unfavorable for retailers as fatigued bargain hunters take a break. The Shops at Las Americas had a creative solution to bring people out.

When Seeking Vacations, Many Buyers Are Asking for 'Seconds'

It might be bubble, bubble, toil and trouble for regular folks navigating San Diego's real estate market these days, but for those who can easily afford second homes, novelist F. Scott Fitzgerald might have been right on the mark. The rich are different.

Convention Center Plays Host to Elite Corps of Convention Planners

It sounds redundant to say that there was a convention about conventions and meetings in San Diego last week. But that's what the International Association for Exhibition Management's annual meeting, Expo! Expo! at the San Diego Convention Center, was all

San Diego's City Council Proceeds as Projected, Votes to Outlaw Wal-Mart Big-Box Supercenters

San Diego's City Council Proceeds as Projected, Votes to Outlaw Wal-Mart Big-Box Supercenters; Nancy Pelosi Should Appoint Leaders Based on Ability, Not on Quotas

Qualcomm Making Two Purchases

Qualcomm Inc. revealed plans Dec. 4 to purchase a Palo Alto company and the assets of a second company.

Small Business Spotlight , Audio Associates of San Diego

From his family's TV repair shop in New York to his own fledgling audio/video business in La Mesa, Pete Spencer has come a long way.

New Predator on the Prowl Along The U.S.-Mexican Border in Arizona

U.S. agents are again using an unmanned spy plane developed by San Diego's General Atomics Aeronautical Systems Inc. to watch for illegal activity along the 2,000 miles of U.S.-Mexican border in Arizona.

Director to Leave East Village Association

Leslie Wade, founding executive director of the East Village Association of downtown San Diego, is stepping down after 14 years of service.

Carlsbad Credit Repair Specialist Helps Marines Stay Focused on Battlefield

Carlsbad credit repair specialist helps Marines stay focused on battlefield.

Two of the Nation's 250 Largest Law Firms Are in San Diego

Two San Diego-based law firms make the nation's most sizable law firm list.

Web Site Domain Names: Register Them or Lose Them

Question: How do I protect my domain name?

Jack in the Box Orders Up Experimental Self-Serve Kiosks

Some new order takers at a few local fast-food restaurants never punch in late.

Micromet Stock Jumps

Carlsbad-based biotech Micromet Inc. picked up a $10 million milestone payment from a collaborator on Dec. 4 for the completion of two phase 2 clinical trials for a new cancer treatment.

Spectrum Aeronautical Gets FAA Nod

Aircraft manufacturer Spectrum Aeronautical LLC announced Nov. 27 that it has achieved "Organizational Designated Airworthiness Representative" status with the Federal Aviation Administration.

Executive Profile , Mark Leslie

Americans have presidents and government officials , all speaking out in their best interest. Corporations like AT & T; have executives like Mark Leslie.

Friday, December 1

Venture Capitalists Power Up PowerGenix

San Diego-based PowerGenix Corp. announced Dec. 1 the close of its third round of financing, totaling $17 million.

Manchester, Navy OK $1.2B Broadway Waterfront Redo

The Manchester Financial Group has entered into a landmark 99-year lease with the Navy for the $1.2 billion redevelopment of the Navy Broadway Complex in downtown San Diego.

Employee Learning Week Ahead

The American Society of Training and Development will mark Dec. 4-8 as Employee Learning Week. The society has set aside the week to increase awareness about the value of learning and its impact on an organization's bottom line.