Stories for June 2007

Friday, June 29

JetBlue Begins San Diego-Boston Flights

JetBlue Airways inaugurated nonstop service between San Diego and Boston on June 28.

Kyocera Dabbles in Music Service for Small Telecom Carriers

Wireless phone manufacturer Kyocera Wireless and digital music service provider Puretracks said that they are teaming up to bring music services to Kyocera Wireless mobile phones.

Thursday, June 28

Food Bank's New Board Has an Abundance of Executives

The San Diego Food Bank on June 27 announced its new board of directors for 2007-2009.

TalentFuse Staffing Agency Sold for $20M

TalentFuse, a San Diego staffing firm specializing in providing skilled workers to the technology industry, was acquired by SQL Star for about $20 million, TalentFuse said June 28.

Housing Sector Blamed for Drop in USD Economic Index

A local index measuring San Diego's economy dropped in May by a half percent, the largest decrease since last August, and the 13th decline over the last 14 months.

Wednesday, June 27

Leap Wireless Expands North Carolina Network

San Diego-based Leap Wireless announced June 26 the launch of its Cricket wireless phone service in the Research Triangle region of North Carolina, which includes the cities of Raleigh, Durham, Chapel Hill and Cary.

Group Scores New Leadership Award

SCORE San Diego will receive the first George Chandler Leadership Award for its support of small businesses. The award will be presented June 28 at the Small Business Awards Luncheon hosted by two business organizations.

North County Times Names New Publisher

Lee Enterprises Inc. named Peter York publisher of the North County Times on June 26, the same day it announced the retirement of Publisher Dick High.

Razing the Roof: Sunroad Agrees to Reduce Building Height

San Diego-based Sunroad Enterprises announced June 26 that it will comply, under protest, with the city's orders to reduce the height of a controversial office tower adjacent to Montgomery Field in Kearny Mesa.

Tuesday, June 26

Garden Fresh President to Retire at Year-End

President and Chief Financial Officer David Qualls of San Diego-based Garden Fresh Restaurant Corp., parent company of Souplantation and Sweet Tomatoes restaurants, said he will retire at the end of 2007 after 22 years with the company.

Internet Radio Enters Self-Imposed 'Day of Silence'

Anticipating a spike in copyright royalties charged to Internet radio stations, San Diego-based X1FM is participating in a "day of silence" protest June 26.

Inverness Closing in on Biosite Acquisition

Inverness Medical Innovations Inc. reported June 26 that it had 92 percent of Biosite shares in hand with the expiration of its tender offer for Biosite stock.

Coradiant Brings in $15M in Financing

San Diego-based Coradiant Inc. announced June 26 that the company completed a $15 million round of private financing, led by Chicago's Mesirow Financial Private Equity.

Monday, June 25

Correction

For June 18, 2007.

Marriott Makes a Move to Advance Boutique Hotels Locally and Abroad

Marriott International Inc. announced it's yeyeing San Diego as one of five "gateway cities" for its initial foray into boutique properties.

How to Understand the Truth About China's Economy

How to Understand the Truth About China's Economy

Construction Starts on North Island's New Headquarters in Kearny Mesa

Progress Report

Biotech Firms Fear Innovation at Risk if Speedier Approval of Biologic Drugs OK'd

If Congress approves a speedier path to market for biologics , drugs made from living materials rather than chemicals , the businesses that make them could see increased competition and investors might find the firms less enticing.

Resources Help Sort Through Maze of Conducting Business Internationally

The area of international trade , with its ever-changing regulations and fluctuating markets , can be a challenging labyrinth to navigate. But help is out there, sometimes flying just under the radar.

NCR Analyzes the Data, to Spin Off Teradata

When it comes to analyzing corporate data, Teradata, a unit of NCR Corp., which has a large office in Rancho Bernardo, is one of the world's largest players.

Week in Review

Top Business News: June 15 - 21, 2007

Despite Filing Glitches on April 17, Intuit Posts Double-Digit Gains

Intuit Inc., which runs its consumer tax division, better known as the TurboTax unit, in San Diego, tapped a new leader to go along with its new digs in Carmel Valley.

Linspire, Microsoft Agree to Share Work on Future Linux Issues

Linspire Inc. , a distributor of a desktop Linux operating system of the same name , said June 14 that it is partnering with Microsoft Corp. to share intellectual property, potentially protecting itself from legal disputes.

Bill Would Force Pension Funds to Sell Off Investments With Ties to Iran

Assemblyman Joel Anderson, R-El Cajon, has proposed legislation to sever the state's two employee pension funds from companies that do business with Iran.

Arden Realty's Purchase Agreement Includes 30 San Diego Office Properties

Arden Realty said June 18 that it has signed an agreement to acquire 5.9 million square feet of office space in San Diego, San Francisco, Seattle, Portland, Ore., and Salt Lake City as well as Orange County from the Blackstone Group for an undisclosed sum

A Year Later, Boston-Based Law Firm Mintz Levin Still Courting Top Attorneys

In just 12 months since coming to town, Boston-based Mintz, Levin, Cohn, Ferris, Glovsky and Popeo P.C. has grown its San Diego office from five attorneys to 23.

Holding Company That Owns Texas Rangers Buys 40% Stake in SafeMed

San Diego's SafeMed Inc., a clinical decision support system company, said Hicks Holding LLC of Dallas has acquired a 40 percent stake in the local company.

Despite 20% Jump in Revenues in 2006, Area's Biotech Industry Still Losing Money

San Diego biotechnology company revenues are up nearly 20 percent in 2006 over 2005, but the industry is losing more money overall, says a state of the biotech industry report.

Bounced Check Charges Proving Profitable for U.S. Banking Industry

Banks say they are doing their best to discourage customers from bouncing checks , even going so far as to charge $30 and up.

First Bank Places Winning Bets on San Diego Area

First Bank is bullish on San Diego.

British Grocer Tesco Reveals New Store Locations in the County

Tesco, British grocery giant and general merchandising retail chain, said June 20 it plans to open seven stores in San Diego County by year end.

AT & T; Launches 'Cooler Than Cable' Internet TV Service

AT & T; Inc. has announced the launch of a service that provides Internet-based television and high-speed Internet. AT & T; claims to be the first national provider to offer 100 percent Internet TV service.

Second Lawsuit Targets Medicare, Claims Patient Co-Pays Are Too High

On the heels of a lawsuit alleging Medicare has underpaid San Diego County doctors, a second suit has been filed alleging the system has also overcharged its patients in lower-cost counties.

Business Owners Asking, 'Why Rent When I Can Own?'

With several office condo projects recently completed, including MetroWork on Columbia Street and TR Office by CruzanMonroe above the TR Produce building at Ninth Avenue and J Street, and with more projects in the pipeline, business owners are starting to

Sustainable Competitive Advantage Keeps SBA Lender Ahead of Peers

For Kurt Chilcott, president and chief executive officer of CDC Small Business Finance, being first is a large part of why his business has been ranked highest in its industry for the past 15 years.

Entrepreneur Profile , Tony Sanfilippo

Tony Sanfilippo took his hobby and made it his career when the self-described avid dirt biker launched Ready Racing Inc. in 2004.

San Ysidro Merchants Concerned Over Possible Closing of Bridge

Plans to close a pedestrian bridge traversing Interstate 5 at the San Ysidro border crossing have been put on hold, but business groups in the community say they are concerned that closure is still a possibility.

Regional Roundup

Joe Mackey, president and chief executive officer of XL Staffing Service Inc., has been elected to the board of directors of TempNet, a national association of independently owned staffing companies. And other news from around San Diego County.

Sony Looks Skyward, Plans Rancho Bernardo High-Rise

Sony Electronics said it plans to start construction of an 11-story headquarters in November, replacing two smaller buildings at its Rancho Bernardo site.

Despite Vote, County Retirees Still Have Sweet Deal

Despite Vote, County Retirees Still Have Sweet Deal

San Diego People

Key Hires and Promotions; Executive Spotlight , David Morash

Sales and Leases

Sales and Leases

Wellness Clinic to Help With Sexual Dysfunction at 2nd Location

A Carmel Valley alternative medicine clinic has set its sights on tapping into the fertility market when it opens a facility in Mission Valley.

Bank of America Brings Check-Scanning ATMs to Southern California

Bank of America Corp. has started replacing its ATMs in Orange and San Diego counties with machines that automatically scan checks for deposit.

Petco Park, Neighborhood Win Urban Land Institute Award for Excellence

The 2007 Urban Land Institute Awards for Excellence has recognized downtown San Diego's Ballpark and Neighborhood Revitalization Project as one of 10 award winners.

Executive Profile , Jeffrey W. Jordan

Influenced by his Peruvian parents who taught him to strive for bigger opportunities, Jeff Jordan is a natural entrepreneur. At 23, he is the president and founder of Rescue Social Change Group.

Business Could Be Paying the Bills if Legislature Has Its Way

Business interests are once again playing defense in Sacramento as dozens of bills that could harm businesses have cleared a key deadline.

Friday, June 22

MicroIslet Completes $1M Private Placement

San Diego-based MicroIslet Inc. said June 21 that it completed a $1 million private placement. The company expects to use the money for working capital.

Commission Rebuffs Qualcomm Over Chip Ban

The International Trade Commission has denied Qualcomm Inc.'s request to delay a ban on wireless devices it says infringe on patents held by Irvine-based Broadcom Corp.

Verenium Corp. Emerges From Diversa Merger

Diversa Corp. and Cambridge, Mass.-based Celunol Corp. announced June 21 that they have completed a previously announced merger, creating a bio-fuel company called Verenium Corp.

Thursday, June 21

Economic Index Shows a Decline, Year-Over-Year

San Diego's economy continues to lag compared with where it was a year ago, according to a June 20 report from the San Diego Institute for Policy Research, a privately funded think tank.

Wednesday, June 20

Green Building Workshop Comes to Carlsbad

The Carlsbad Chamber of Commerce is set to host a green building workshop at 7:30 a.m. on June 26 at 5934 Priestly Drive.

Three Area Spas in New Guidebook

Three San Diego-area spas are featured in "Best Spas USA," a newly published guidebook that compiles a list of spas and resorts from across the country.

Rancho Bernardo Sunrise Rotary Hosts Business Journal Editor

San Diego Business Journal Editor Thomas York is scheduled to speak at the Rancho Bernardo Sunrise Rotary Club meeting June 26.

Dump the Pump, Use Public Transportation June 21, Agency Urges

The Metropolitan Transit System is participating June 21 in the second annual National Dump the Pump Day to promote use of public transit.

Sempra Rumors Are a Hot Commodity

Sempra Commodities, a unit of San Diego-based Sempra Energy, may be on the selling blocks, according to a Reuters story published June 19.

Tesco Announces 7 Local Store Locations

Tesco, a British grocery and general merchandising retail chain, announced June 20 its plans to open seven stores in San Diego County by year end.

Bank of Internet to Split CEO and COO Jobs

B of I Holding Inc., holding company of Bank of Internet USA, said June 19 that it is looking for a new chief executive officer for the bank after it allowed Gary Lewis Evans to focus primarily on his duties as chief operating officer.

Tuesday, June 19

Web Technology Points the Way on Campaign Trail

Eventful Inc. said June 18 that it is teaming up with the John Edwards political campaign through the "Demand and Be Heard" competition on the company's Web site.

AT & T; Launches 'Cooler Than Cable' Internet TV Service

AT & T; Inc. has announced the launch of a service that provides Internet-based television and high-speed Internet. AT & T; claims to be the first national provider to offer 100 percent Internet TV service.

Fresh & Easy Neighborhood Market to Announce Store Openings

Tesco, a British grocery and general merchandising retail chain, says it will officially announce its plans to open Fresh & Easy Neighborhood Market stores in San Diego County on June 20.

Iomega Takes E-Mail Security Product to Market

Iomega Corp., a San Diego-based maker of Zip drives and other data storage devices, has joined a partnership with Postini, a provider of security protection for e-mail and instant messaging, the companies announced June 19.

Monday, June 18

To Catch a Thief: Loss Prevention Conference Sheds Light on Theft

Known as organized retail crime, or ORC, this type of shoplifting ring has boomed in recent years due to the popularity of the Internet to peddle stolen goods.

New HMO Plan Rewards Employees for Engaging in Their Health

A new kind of consumer-driven Health Maintenance Organization plan that rewards employees for making healthier lifestyle choices is garnering high marks , in theory.

Letter

Let Consumers, Not Unions, Choose When Shopping for Groceries

Port's '08 Operating Budget Includes Big Boost in Cruise Dockings

Unlike the cost cutting and program slashing taking place at San Diego City Hall, over at the Port of San Diego they've adopted a budget that increases staff by 16 positions and the operating budget by 4.8 percent.

Neurocrine Biosciences Resubmits Lower-Dose Sleeping Aid to FDA

Neurocrine Biosciences Inc. has resubmitted its 5- and 10-milligram sleeping pill capsules to the Food and Drug Administration after several months of interactions with the federal agency.

Biotechs Brace for Patent Reform, High Court Impacts

Congress is debating a number of changes to the patent system, on which the life sciences industry relies heavily. The legislation "hasn't really penetrated the consciousness of local companies," says one attorney.

City Cultivates Alliances to Grow Clean-Tech Businesses

Environmental causes are hot, and cities across the country are taking note. Mayor Jerry Sanders recently announced the formation of a Clean Technology Initiative, a sure sign that San Diego also is banking that green energy could create big profits.

Singapore May Take Minority Stake in La Jolla Hyatt

If a joint venture agreement becomes final in the third quarter, as expected, a real estate investment company connected to Singapore's government will become a minority owner of the posh, 419-room Hyatt Regency La Jolla at Aventine.

County Retirement Fund Knew the Risks, Says Hedge Fund Executive

Despite recouping another $12 million from its failed investment, officials running the county employees pension fund are not backing away from charges that hedge fund Amaranth Advisors defrauded them.

As Clean-Tech Takes Off Locally, VC Industry Support Trails

Some local venture capitalists say the window of opportunity has closed for clean technology, or "green tech," as the industry of environmentally friendly innovations is often referred. Other investors and industry watchers say it has only begun to open.

San Diego People

Key Hires and Promotions; Executive Spotlight: Gregory Decker

Entrepreneur Profile , Linda Byerline

Linda Byerline hates to admit that her business experience is self-taught. She was a stay-at-home mom with a nursing background when she posted an image of an extra cloth diaper she had made for her daughter on eBay.

SDG & E; Awards DMV Almost $14K for Its 'Green' Office in San Ysidro

Officials from the state Department of Motor Vehicles and Department of General Services recognized the DMV's San Ysidro office as "gold" certified under the U.S. Green Building Council's Leadership in Energy and Environmental Design Green Building rating

Mortuary Faces License Revocation Hearing

Poway and Rancho Bernardo's only funeral home is facing a state attempt to revoke its operating licenses.

Almost Half of State Chamber Members Say California Is on the Wrong Track

I am always interested in statistics that help me see the real picture of our economy and growth of the region.

Manufacturers Find Profits in Products That Need Tweaks

As the cost of making things in San Diego gets prohibitive, more manufacturing jobs exit the region, mainly to Asia. But a few local companies are bucking the trend.

Traffic Conditions Bumper-to-Bumper At National City Marine Terminal

Every day, the Pasha Group choreographs a dance of sorts on the asphalt of the National City Marine Terminal. Automobiles go in. Autos go out.

LMI Aerospace to Buy D3 Technologies

D3 Technologies Inc., a San Diego-based design and engineering firm in the aircraft industry, said June 18 that it has agreed to be acquired by LMI Aerospace Inc. of St. Louis for $65 million in cash.

La Mesa Receives 'Hat Trick' for Smart Growth Project

The city of La Mesa has scored a "hat trick" when it comes to its new Grossmont Trolley Station and Pravada and Alterra development, the latest award for its new smart growth development along Fletcher Parkway.

Professional Investors, as Well as Curious, Trying to Figure Out SAIC Inc.

SAIC Inc. is San Diego's second-largest company by sales and largest in terms of employees, but most people have never heard of it.

T.B. Penick & Sons Launches Design-Build Unit to Reduce Inefficiencies, Oversights

In an industry where budgets are blown and projects are completed months after schedule, it's no surprise that the general contractors who stand out use time and budgets to their advantage. Take T.B. Penick & Sons, a century-old contractor based in San Di

Correction

For June 11, 2007.

Week in Review

Top Business News: June 8 - 14, 2007

World's Big Shots Had Better Not Forget the Little Guys

World's Big Shots Had Better Not Forget the Little Guys

Roll-On, Roll-Off Ships Serve as Seagoing Parking Garages

Standing below decks in the MV Jean Anne, a roll-on, roll-off cargo ship owned by Pasha Hawaii Transport Lines, is like hanging out in a parking garage.

UC San Diego Raises $1B in Under Seven Years, Beats Deadline

UC San Diego said that recent gifts to the campus have taken fund raising totals over the $1 billion campaign goal set in July 2000, nearly a month ahead of schedule.

San Diego Capable of Leading the Nation in Clean Technologies

San Diego Capable of Leading the Nation in Clean Technologies

Baltimore Boutique Design Firm Opens Second Office in Pacific Beach

A Baltimore, Md., boutique architectural firm known for large-scale urban mixed-use projects has opened a San Diego branch in North Pacific Beach. This is Peter Fillat Architects' second office. The firm focuses on hospitality, mixed-use and multifamily d

Executive Profile , Ted Schroeder

Twenty-two years ago, Ted Schroeder was a sales rep for Bristol-Myers Squibb, selling an injectable antibiotic. Now he's developing one.

Genomatica Contender in the Race to Replace Gas With Biofuels

If scientists at San Diego-based Genomatica Inc. are correct, one day in the near future cars will speed down the highway powered by corncobs and other organic materials.

U.S. Hospital Group Schedules Leadership Summit Next Month

Next month, the American Hospital Association and Health Forum will hold its Leadership Summit here, bringing speakers such as retired Gen. Colin L. Powell.

Professional Investors, Hedge Funds Now Sharing the Good Deals

Venture capitalists are getting more company from angel investors and hedge funds, becoming increasingly larger players in financing new business formations. On the surface it looks like competition, but really it amounts to more investment money for busi

Regional Roundup

Construction on Santee's Town Center Community Park facilities is scheduled to begin this summer. And other news from around San Diego County.

Growth in Medical Device Sector Lagging China, India, Israel

Southern California and Baja California, Mexico, are in danger of losing the potential to become the largest medical device manufacturing hub in the world, warns a recent report from San Diego Dialogue.

EnergyBusters-R-US Unveils Innovative 'Green' Power Generators

Imagine no more monthly utility bills. Anthony Mormann can. And he has the technology to prove it.

Startup Steering Navy's Environmental Testing Concept Into Potentially Big Markets in U.S., China

Carlsbad-based Assure Controls is a technology company that sells a testing kit capable of detecting toxic contaminants in water and soils. It's part of a growing list of companies in the clean technology sector.

Old Globe Reveals Expansion Plans for New $75 Million Theater Complex

Progress Report

Sales and Leases

Sales and Leases

Friday, June 15

Jet Source Contemplates Fractional Ownership Deals

Carlsbad-based Jet Source said June 12 that it plans to offer fractional ownership programs for very light jets produced by Carlsbad-based Spectrum Aeronautical LLC.

Area's Unemployment Rate Rises a Notch in May

San Diego's unemployment rate edged up to 4.2 percent in May from 4.1 percent in April, but that was still below the unemployment rate for California and the nation.

Thursday, June 14

Mastodon Bones Unearthed in McMillin/Brookfield Development

Fossils from a prehistoric animal were unearthed at a residential development site in South Carlsbad June 12.

Port Jobs Increase 47 Percent in Two Years, Study Finds

Businesses located on port tidelands in and around San Diego Bay generated direct spending of $5.2 billion in 2005, up 58 percent from 2002, according to a draft report submitted to the Port of San Diego, and released June 12.

Microsoft and Linspire Team Up

Microsoft Corp. and San Diego-based Linspire Inc., a Linux desktop operating system provider, announced an agreement on June 14 to share intellectual property, which will protect Linspire from patent disputes with the software giant.

Wednesday, June 13

Governor Taps Golding for State Panel

Former San Diego Mayor Susan Golding has been appointed to the California Ocean Protection Council by Gov. Arnold Schwarzenegger.

Mission Federal Says It Resolves Subprime Problem

Mission Federal Credit Union announced on June 12 that it resolved claims with Dallas-based Credit Union of Texas, over jointly owned subprime auto loans totaling $90 million from Centrix Financial Corp.

Neurocrine Makes New Case for Indiplon

Neurocrine Biosciences Inc. has resubmitted its 5-and 10-milligram sleeping pill capsules to the Food and Drug Administration after several months of interactions with the federal agency.

More Employers Say They Want to Hire in Third Quarter

Nearly half of San Diego employers say they intend to increase staffing during the third quarter.

Tuesday, June 12

Nokia Counters Qualcomm Suit

Nokia filed a lawsuit June 11 against Qualcomm in response to a lawsuit filed April 2 by Qualcomm against Nokia.

Compuware Jobs Going to Poland

Compuware Corp., a Detroit-based software company that did $1 billion in sales last year, announced June 11 a job restructuring that affected three of its product development sites, including one in San Diego.

Alignent Has a Buyer in Sopheon

Minneapolis-based Sopheon announced on June 11 that it has signed a definitive agreement to acquire Alignent Software Inc. of Carlsbad for $5.5 million.

GenVault Gets Capital Boost

Carlsbad-based GenVault, whose technology allows companies to store biological samples at room temperature, announced June 11 that it received $1.5 million in additional venture funding for its recent round.

Tonys Three: Old Globe's O'Brien Gets Third Tony Award

Jack O'Brien, artistic director of the Old Globe in San Diego, won a Tony Award June 10 at the 2007 ceremony at Radio City Music Hall for his direction of the Broadway production "The Coast of Utopia," by Tom Stoppard.

Monday, June 11

State Regulators Override Desalination Plant Dissents Raised By Environmentalists

State water quality regulators on June 5 dismissed a petition from two environmental groups challenging the proposed Poseidon Resources Corp. desalination plant in Carlsbad.

Regional Roundup

The National City Chamber of Commerce's upgraded Web site launched May 22 after much fine-tuning. And other news from around San Diego County.

Entrepreneur Profile , Paul Smit

Paul Smit turned his experience growing up on a family orchard into the profitable California Fruit Co. business that sells to 50 farmers markets in Southern California.

Fitch Gives San Diego County's Government a Credit Rating of AA+

The county of San Diego said June 1 that it received the highest urban county credit rating in the state from Fitch Ratings Ltd.,which analyzes municipal finances and rates debt offerings.

Meeting the Challenges of Globalization Affecting the Future of Work

Meeting the Challenges of Globalization Affecting the Future of Work

Pacific Perspectives: Why Asia Is Not Crying for Departed Wolfowitz

Why Asia Is Not Crying for Departed Wolfowitz

ViaSat Signs $90M Deal to Provide Satellite Systems to U.S. Government

ViaSat Inc. has honed in on a $90 million, five-year contract with the federal government. And other technology news.

Hilton Garden Inn Fire Comes Days After Topping-Off Ceremony

Just days after celebrating a topping-off ceremony that celebrated placing the Hilton Garden Inn's final steel beam into place, a fire devastated the building under construction in Torrey Hills.

Johnson & Jennings Moving Ahead With Wilson Sonsini Space Remodel

Progress Report

Letter

Radio Stations Enjoyed Growth in 9 Ad Categories in First Quarter

Jill and Joe Voter Don't Stand a Chance in Sacramento

Jill and Joe Voter Don't Stand a Chance in Sacramento

Two Brothers Who Purchased Alvarado Hospital Understand Doctors

It wasn't totally startling that one of the Los Angeles area's best known physician families decided to take the case of Tenet Healthcare Corp.'s ailing Alvarado Hospital, which two brothers purchased for $22.5 million earlier this year.

Partnership Snaps Up Largest Industrial Parcel in County

A Southern California partnership has purchased one of the county's largest industrial-zoned parcels in the rapidly changing Otay Mesa section of the county.

Orexigen Hopes to Fatten Up By Entering Multibillion-Dollar Market for Treating Obesity

A local startup believes it holds a key to helping solve the nation's obesity crisis , a combination of drugs used to treat depression, alcoholism and addiction to such painkillers as opium and heroin.

After 40 Years in New-Car Sales, Dave Ezratty Still in the Driver's Seat

When Dave Ezratty, vice president of Bob Baker Lexus, becomes vice chairman of the New Car Dealers Association San Diego County later this month, he'll face some interesting challenges, like boosting new sales figures in the region.

California Community Bank Appoints New Board Chairman

Escondido's California Community Bank announced June 5 that investor and board member Richard Arendsee has been elected as chairman of the bank.

Executive Profile , Tyler Jensen

"Bring fun to life." That is the business motto for VAVi Sport and Social Club owner Tyler Jensen.

42Media's New Wide Screen Service Helps Merchants Get the Message Out

While ballgames and soap operas air on the 42-inch TV screens at Tony McCune Chrysler Jeep in National City, digital messages provided by San Diego-based 42Media Inc. tout the dealer's body shop, plus a local tire store and an insurance company.

SpongeBob SquarePants to Regale Visitors at Hotel in Liberty Station

Anaheim has the mouse. But San Diego is going to get an absorbent yellow sea sponge with his own pet snail.

Jabil Circuit Shutters Poway Plant, 143 Workers Losing Jobs

Jabil Circuit Inc. is closing its Poway contract manufacturing plant and recently began laying off its 143 employees.

'08 Lexus Hybrid Sports Premium Feel, Price Tag

Lexus has jumped the gun on the 2008 automotive year with the launch of its LS600h L hybrid, which puts Toyota's luxury brand solidly in the ultra-premium luxury market.

Sales and Leases

Sales and Leases

Tri-City Hires Oakland Consultant to Work on Hospital Bond Measure

Grossmont Healthcare District recently issued the first half of a $247-million bond measure approved by voters last year. Meanwhile, Tri-City Hospital has hired the same Oakland-based political consulting firm that helped pass the Grossmont measure.

Trainer Helps Others Overcome Stage Fright

Everything that could go wrong did go wrong. That's how Dana Bristol-Smith, president of Speak for Success, recalls her first public speaking engagement back in 1993.

Texas Equity Firm Acquires Accredited Home Lenders in $400M Deal

With the subprime lending industry in upheaval and facing increased constraints, the management of Accredited Home Lenders Inc. said they selected the best alternative in selling the company to a Dallas private equity firm.

Week in Review

Top Business News: June 1 - 7, 2007

Downtown YMCA's Recent Renovation Generates National Recognition

The National YMCA recognized the Downtown San Diego YMCA with an award for excellence in its facilities, the result of a recent $500,000 renovation and 30 percent increase in membership.

Top Sanders Aide Resigns

Ronne Froman, chief operating officer for the city of San Diego, submitted her resignation June 11 and will leave her post June 29, Mayor Jerry Sanders' office said.

San Diego People

Key Hires and Promotions; Executive Spotlight , Bob Pollack

Cause-Based Shopping Network Catches Eye of Angel Investors

Law student Aaron Sadock envisioned a cause-based marketing idea with a twist, a shopping network that matches consumers with charities, and charities with retailers.

High Court Ruling on Lunch, Rest Periods Eating at Employment Attorneys

Local attorneys are calling a recent state Supreme Court decision the biggest labor and employment law update in years, with a potentially large financial impact on businesses.

Revenues Are Up, But Profits Slide Down for Post-IPO SAIC

SAIC Inc., the San Diego engineering and research firm, reported first-quarter net income of $80 million on revenue of $2.1 billion on June 6.

Local Designer's Furniture Makes Splashy Debut at New York Show

When Lorena Gaxiola got the call to showcase a new line of furniture at the prestigious Architectural Digest Home Design Show in New York, she had two months to design, manufacture and ship her wares to the March event. She made it, and Kuatro Living was

Kyriba Helps Clients Manage Cash Flows

As more domestic companies establish operations overseas, keeping track of the money and how to manage it becomes a problem. To which San Diego-based Kyriba Corp. has a ready answer.

Nonprofit Profile , Kids' Turn, San Diego

Kids' Turn, San Diego is dedicated to helping children achieve a healthy adjustment to their parents' separation or divorce.

Female Law Firm's New Direction: Expand North and Hire Men

Janice P. Brown, owner and founder of the Brown Law Group in downtown San Diego, is always looking for that next rung. It's just her nature.

Sycuan's New Ad Campaign Emphasizes Positive Gaming Atmosphere

The casino that bills itself as being "minutes away, miles apart" is rolling out a new ad campaign, which positions itself as the place for those who like to gamble.

Friday, June 8

Cubic Reorganization Eliminates Two Top Jobs

San Diego-based Cubic Corp. said June 7 it plans to reorganize its two principal subsidiaries in a move that would eliminate the president position at both divisions and result in 20 to 30 layoffs.

Amaranth Seeks to Dismiss Pension Fund's Lawsuit

Amaranth Advisors, the Connecticut hedge fund that lost billions in misplaced energy future investments last year, filed a motion June 7 to dismiss a lawsuit filed by the San Diego County Employees Retirement Association over significant losses sustained

Qualcomm Rolls Out Two-Pronged Challenge to Chip Ban

Qualcomm Inc., which makes chips for much of the U.S. cell phone market, said June 7 it is asking President Bush to veto a federal decision made that same day to ban the importation of wireless devices that contain some types of new Qualcomm chips.

Thursday, June 7

Survey Says Slowing Economy Keeps Some Momentum

Chief executives of small- and medium-size businesses foresee a slowing economy.

Vista Voters Change the Rules at City Hall

Voters in Vista overwhelmingly approved a measure June 6 to adopt a new city charter, a move elected officials say will provide them with more control and flexibility over how the city is managed.

Upper Deck Files Suit While Bidding on Topps

Upper Deck, the Carlsbad maker of sports trading cards that made a bid to buy out rival card maker Topps Co. last month, filed a lawsuit against Topps in a Delaware court, according to a securities filing June 6 by Topps.

Commission Bans Some Qualcomm Chips

The U.S. International Trade Commission June 7 banned the importation of wireless devices that contain some types of Qualcomm chips.

USD Economic Index Slips Again

An index measuring San Diego's economy dropped a tenth of 1 percent in April, the 12th time in the last 13 months that it has declined.

SAIC Has $2.1B in Quarterly Sales, Net Income Stands at $80M

SAIC Inc., the San Diego-based engineering and research firm, reported first-quarter net income of $80 million on revenue of $2.1 billion. The company released its earnings June 6.

Wednesday, June 6

Regulators Reject Challenge to Carlsbad Desalination Plant

State water quality regulators on June 5 dismissed a petition challenging the proposed Poseidon Resources Corp. desalination plant in Carlsbad.

Entrepreneurship Competition at UCSD Goes Down to the Wire

Local executives will judge business plans crafted by UC San Diego students to wrap up the first year of the UCSD $50,000 Entrepreneurship Competition. Judging is open to the public and begins at 10 a.m. June 9 in Atkinson Hall.

Tuesday, June 5

Callaway Aims to Buy Back More Shares

Callaway Golf Co. said June 5 that its board has authorized the company to repurchase up to $100 million of company common stock, traded on the New York Stock Exchange as ELY.

Senomyx Announces Nestle Deal, Shares Rise

Senomyx Inc., which uses proprietary technology to develop flavor ingredients for packaged food and beverages, said on June 5 that their flavor ingredients will be used in foods made by Nestle SA, the world's largest food company.

Black to Represent San Diego on Port Commission

Laurie Black finally got her wish and was appointed June 5 to the board of Port Commissioners at the San Diego Unified Port District.

Monday, June 4

If Disaster Strikes, Hundreds of Facilities Earmarked for Shelters

"Mega-shelters are not ideal for sheltering, and are considered a resource of last resort," said Holly Porter, public information specialist for the San Diego County Office of Emergency Services. "The first option is to use smaller facilities, such as hig

La Maestra Centers Plan Groundbreaking for New Facility By 2008

La Maestra Community Health Centers is going for the gold. The organization with facilities in four southern San Diego locations is planning to build an environmentally friendly facility by 2008.

Sycuan Plays Up New Theme in Ad Campaign

The casino that's "minutes away, miles apart" is rolling out a new ad campaign that positions itself as a casino for gamers.

Foundation Helps Military Kids Stay in Touch With Deployed Parents

The San Diego Futures Foundation has donated 100 computers to Kids in Touch, a nonprofit that gives computers to kids with parents in the military deployed overseas so that they can keep in touch by e-mail.

Week in Review

Top Business News: May 25 - 31, 2007

Boutique Hotels Take Heaping Portion of Meetings Market

Big doesn't necessarily mean best when it comes to meeting venues around San Diego County, considering that the second-largest piece of the visitors' pie comes from individual hotels here.

Amylin Pharmaceuticals Teams Up With Bay Area Biotech Firm

Amylin Pharmaceuticals Inc. is investing $10 million in a Burlingame biotech firm, and the two will seek new treatments for diseases such as asthma, psoriasis and arthritis.

Regional Roundup

Imperial Beach provides the backdrop for "John From Cincinnati," a television series which makes its premiere next week. And other news from around San Diego County.

Attorney Plans Lawsuit To Force Medicare to Pay Doctors More

A class action lawsuit involving San Diego doctors and Medicare reimbursements is expected to be filed in federal court this week.

UCSD Business School Honors Technology Booster

The Rady School of Management at UC San Diego on June 1 celebrated the opening of its new building, Otterson Hall.

Meeting Planners Watch Trends More Closely Than Weather Reports

Trends. Just when meeting planners think they have a handle on what's hot and what's not, something new comes along. For example, groups are now requesting activities that give back to the community.

Sales and Leases

Sales and Leases

Oceanside Lofts to Lead Wave of Changes for City's Aging Beachfront

The city of Oceanside is moving closer to becoming a true urban seaside village with the recent completion of OceanLofts, a five-story residential tower where tenants will be encouraged to work and live.

Hotel Partners Launch Second Hilton Venture in Del Mar

You could say that Bob Rauch and his partner Joe Simone are both from hotel families. But actually, it's the other way around. They brought their relatives into the business when they opened the Homewood Suites by Hilton San Diego-Del Mar.

Entrepreneur Taking Line of Makeup Overseas

A makeup line launched last year by a La Jolla businesswoman has gone global. The all-natural hypoallergenic line, DYG Mineral Makeup, includes foundations, powders and lip products, and was launched in February 2006.

Entrepreneur Profile , C. Jack Good

Jack Good reported more than $50 million in revenue last year through Good & Roberts Inc., the Vista-based general contracting firm that he and Stan Roberts started in 1979. Good is successful by industry standards, yet the 68-year-old still manages to fi

Texas Company to Buy Accredited Home Lenders

Accredited Home Lenders Holding Co., a San Diego-based subprime mortgage company, said it entered into a definitive agreement June 4 to be acquired by Lone Star Fund, a Dallas-based private equity firm, for $15.10 for each share of Accredited, or an aggre

Source Says UTC May Get Ultra-Hip W Hotel

The county is apparently slated for a repeat of "whatever, whenever." According to Joe Terzi, a Starwood Hotels regional manager, San Diego's second W Hotel is planned. The wherever is University Towne Center.

Port's Public Arts Program Gives Artists New Lease on Life's Work

San Diego's downtown landscape is getting some pieces of new public art this summer, thanks to a leasing program that replaces two pieces whose leases are expiring.

San Diego People

Key Hires and Promotions; Executive Spotlight: Mark Filanc

Marriott Triumphs Over Legal Objections to Downtown Escondido Hotel

Progress Report: Earlier this month a court cleared the way for C.W. Clark Inc., a La Jolla real estate developer, and Phelps Development LLC to begin construction on a hotel in Escondido.

Two New Magazines Want to Put Some Life Into Business of Bioscience

Two magazines launched in May are claiming to be The Economist of the life sciences industry.

RFID Industry Beginning to Find Right Frequency in Business World

Wolf Bielas and his partners have needed plenty of patience while waiting for the market to warm up to their microchip-studded specialty labels.

It's Early June, So It Must Be Time for High School Graduations

It's Early June, So It Must Be Time for High School Graduations

Duffers to Come Out Swinging When New Municipal Course Opens in August

In the first week of August, the new 400-acre municipal golf course, the Crossings at Carlsbad, will open to public play amidst a week of tours and other festivities. The Carlsbad Chamber of Commerce is hosting the first tournament on the course Monday, A

Prototype RFID Scanners Can Track Employees

A La Mesa defense contractor is turning RFID technology on its head to help people track objects or even their employees.

High-End Beachfront Home in Del Mar Sets County Sales Record at $35M

A four bedroom, five-and-half bath beachfront home in Del Mar set the county record for highest priced residence sold in the county and a state record for highest property sale.

Letters

U.S. Manufacturing Ability Is Not So Shipshape; Right-Wing Story Line on Global Warming in Disrepute; Notebook for a Thinking Man

New Ashworth Executive Installed After Shake-Up, Employees Dismissed

Ashworth Inc., a Carlsbad maker of golf clothing, conducted a shake-up of its management team last month.

Nurses File Complaint Against Sharp

Nurses in the middle of renegotiating their contract with Sharp HealthCare filed a quality of care complaint against the large hospital chain this month.

Senate Bill Ends Six-Figure Salaries to Airport Authority's Triumvirate

The nine members of the San Diego Airport Authority know change is in the works, but just what type of change has yet to be decided.

Executive Profile , Jeff Goodrich

"Readiness," a military term describing how ready for mission a product is, has been a meaningful word in Jeff Goodrich's career. He's the chief executive officer of Intelligent Automation Corp., which develops monitoring systems that increase products' r

Nurse Overcomes Sexism to Build Business Helping Frail Children

Forty years ago, a guidance counselor told a mother that her 18-year-old child could be anything he wanted to be. Terry's potential was endless, said the counselor. Then the counselor met Terry , a girl , and the meeting took a traumatic twist.

Correction

For May 28, 2007.

ResMed CEO on Crusade to Treat Sleep Apnea

Like a religious crusader, Australia-born Chief Executive Officer Peter Farrell of ResMed Inc. travels the globe in pursuit of spreading the message about sleep apnea.

Friday, June 1

Judge Dismisses Verdicts Against Former Gateway Execs

A federal judge May 30 overturned a jury's verdicts in a fraud case against two former executives of computer maker Gateway Inc.

Veterans Job Fair Comes to Balboa Park on June 2

A job fair called Hire a Hero, Hire a Vet aimed at all veterans, including National Guard and reserve troops returning from the wars in Iraq and Afghanistan, is scheduled for Saturday, June 2 from 9 a.m. to 3 p.m. at the Veterans Museum and Memorial Cente

Grossmont College Names President

Dr. Sunita Cooke has been appointed president of Grossmont College, effective July 9.