Stories for October 2007

Wednesday, October 31

San Diego Trust Accrues More Net Income

San Diego Trust Bank reported net income before taxes of $332,000 for the third quarter, up 18 percent from the like period of 2006.

For 17th Time in 18 Months, USD Index Falls

The University of San Diego's Index of Leading Economic Indicators for San Diego County dropped 1 percent during September. It was the 17th decrease in 18 months.

Salk Institute's Leslie Orgel Dies

Leslie Orgel, a prominent Salk Institute scientist who dedicated much of his career to the study of how life began on Earth more than 4 billion years ago, died Oct. 27 from pancreatic cancer, the La Jolla-based institute announced Oct. 30.

SEC Files Insider Trading Complaint Against Vista Resident

The Securities and Exchange Commission filed insider trading charges against Harry H. Yim, a 45-year-old resident of Vista and a former scientist for Invitrogen Corp., the agency said Oct. 31.

Tuesday, October 30

Genoptix Shares Take Off Following IPO

Shares in Genoptix Inc., a Carlsbad-based biotech, had risen by 56 percent late in the day Oct. 30, the first day the shares traded on the open market.

Gen-Probe Earnings Climb 17 Percent

San Diego-based Gen-Probe Inc. reported Oct. 30 a 17 percent jump in third-quarter earnings, from a net income of $14.8 million in 2006 to $17.3 million, driven by sales of nucleic acid tests.

DJO Says It's Closing in on Merger

Prosthetic device maker DJO Inc. said it's close to completing its $1.6 billion merger with ReAble Therapeutics, based in Austin, Texas, an affiliate of the Blackstone Group. DJO is holding a special shareholders meeting Nov. 6 to vote on the deal that wa

William Lerach, Specialist in Shareholder Lawsuits, Pleads Guilty

William Lerach, the Rancho Santa Fe attorney who struck fear and loathing into the hearts of corporate America through his firm's class-action shareholder litigation, formally pleaded guilty Oct. 29 in a Los Angeles federal courtroom to one count of crimi

Think Tank Places Economic Cost of Fires at More Than $2B

The economic cost of the October wildfires in the county will exceed $2 billion, the San Diego Institute for Policy Research LLC said in an estimate released Oct. 30.

Monday, October 29

Supermarkets, Restaurateurs Providing More Than Essentials for Fire Victims

Of the 160 Albertsons, Food 4 Less, Ralphs and Vons grocery stores in San Diego County, only five were closed at any one time during last week's wildfires, said store officials.

ESET Takes Wraps Off New Internet Security Product

ESET LLC said Oct. 29 it has introduced a new security solution aimed at preventing "blending" threats for consumers and small- to medium-sized businesses.

Pomerado Hospital Closure Unprecedented, 200 Patients Moved

Hospitals and health care providers will face an unknown set of costs due to wildfire-related facility closures and staffing increases.

Smaller Builders to Benefit as Insurers Settle With Displaced Homeowners

It's hard to remain optimistic or see any positive aspect in the fires that have ravaged San Diego County. Yet they may spur the economy. "Through the perverse world of economic accounting, sometimes national disasters turn out positive for the economy in

Most Homeowner Policies Cover Cost to Rebuild, Not Property's Market Value

Shell-shocked and displaced residents around San Diego County received some solace from their insurance carriers, which were issuing checks at evacuation sites to cover temporary shelter and living expenses.

Federal Aid Available to Farmers Impacted By Fires

County farmers already worried about upcoming drought-related restrictions on their water use were dealt another blow last week when wildfires wreaked havoc on their crops.

Survey Says Wireless Tools Indispensable to Region's Mobile Lifestyle

Small businesses in San Diego are big on multi-tasking , especially when they're on the move. In a recent survey by AT & T; Inc., the region ranked first among 10 markets in its desire for a mobile lifestyle, along with the ability to integrate work and pers

Authority Puts Focus on Water Deliveries to 24 Member Agencies

Despite a looming water shortage, officials at the San Diego County Water Authority have shifted their focus to ensure that each of its 24 member agencies is still receiving water.

Nonlocal Big Banks Report Sharply Lower Profits in Wake of Mortgage Crisis

As the year moves into the final quarter, national banks are taking a beating caused by turbulent credit markets and customers not repaying debt.

Nature Scorches Economy

Business in San Diego County came to a crawl during the devastating fires that started burning up vast areas of the region on Oct. 21.

Executive Profile - A. Jon Prusmack

Jon Prusmack has been self-employed his entire career, and divides his time between two unconventional business ventures.

Kaiser, Health Net Rank at the Top on HMO Report Card

Health Net of California Inc. and Kaiser Permanente pulled in top rankings for state health maintenance organizations, or HMOs, in an annual report called the Health Care Quality Report Card.

Newspaper Prediction About Fire Season Was on Mark

Writing early warning stories on the potential for catastrophic wildfires in Southern California during the summer and early fall is almost boilerplate.

Fleet Readiness Center Raises Bar on Maintaining Navy Aircraft

As the average age of the U.S. military's operational aircraft continues to rise, extending their lifetime has become much more critical, not only for keeping pilots safe in the air but also for protecting the Department of Defense's bottom line.

San Diego County Credit Union Finishes Construction on New Branch

Progress Report: Construction is complete for a new San Diego County Credit Union branch, located at 8555 Fletcher Parkway in the Grossmont Trolley Center in La Mesa.

New Web Site Allows Consumers to Slow Flow of Junk Mail

So-called junk mail isn't just annoying. In the wrong hands, it also can be dangerous.

NASSCO Runs a Tight Ship in the Shipyard

General Dynamics NASSCO , a veteran at running a shipyard , is navigating the financial ebbs and flows of the maritime market with a little help from its Korean business mates.

Firestorms of the Future Will Cost Us Even More

Firestorms of the Future Will Cost Us Even More

Half of Region's Offices Affected By Fires, Says Top Chamber Executive

The worst wildfires in San Diego's history turned parts of the county into a living hell and other parts into virtual ghost towns for most of last week as many employees opted to stay away from their jobs.

Officials Look Forward to Sending 'All's Clear' Message to Tourists

Plenty of disaster news came out of San Diego County, yet no hotels burned, nor did attractions, including the San Diego Zoo, SeaWorld San Diego, Legoland California, Birch Aquarium and Wild Animal Park.

Cardium Subsidiary Signs Pact to Study Treatments in Stroke Patients

An exclusive license agreement announced Oct. 22 will study the effects of two controversial treatments in stroke patients.

Copley Family YMCA Schedules Tribute for Herbert Klein on Oct. 30

The Copley Family YMCA is scheduled to present the 25th Annual Civic Tribute Event honoring Herbert G. Klein on Oct. 30 at the Hyatt Regency La Jolla.

Some County Casinos Close, Others Scale Back Operations

Close calls, unconventional guests and little sleep. It was not business as usual last week at the backcountry casinos and resorts operated by San Diego County's American Indian tribes.

Sales and Leases

Peak LLC has purchased a 9,769-square-foot office building that is under construction from O.W. Commercial Inc. for $2,539,940. And other sales and leases.

Life Sciences Firms Lean on Global Operations to Keep Running

Scientists countywide shut down their labs and hung up their coats last week as a precautionary measure to avoid danger from last week's wildfires, which scorched hundreds of thousands of acres and prompted dramatic evacuations.

SDG & E; Tries to Restore Power After Losing 1 of 2 Transmission Corridors

San Diego Gas & Electric Co. said Oct. 24 that it had put every available team -- including 750 employees and 80 additional contractors -- in the field working to restore power that had been lost to nearly 20,000 local customers due to the fires that star

San Diego People

Key Hires and Promotions. Executive Spotlight: Lee Adams.

Major Manufacturer a Waterfront Fixture Since '59

San Diego-based NASSCO has been designing and building ships since 1959, specializing in auxiliary and support ships for the U.S. Navy, and oil tankers and dry-cargo carriers for commercial markets.

BMW Packs Power, Handling, Comfort Into 2008 M5 Sedan

BMW Packs Power, Handling, Comfort Into 2008 M5 Sedan

Foreclosure Filings in San Diego County Reach 2,734 in September

California foreclosure filings were up sixfold in September compared with the same month last year, according to a report from Default Research.

Week in Review

Top Business News: Oct. 19 - 29, 2007

Friday, October 26

Sempra Pledges $5M in Help

Sempra Energy said Oct. 25 that it established a $5 million fund to aid customers and communities hit by the Southern California wildfires.

From Shelter to Home Field: Chargers at Qualcomm on Sunday

The San Diego Chargers will play their scheduled Sunday home game against the Houston Texans at Qualcomm Stadium after all, the city announced Oct. 26.

Comerica Bank Offers Fire Aid to Three Counties

Comerica Bank said Oct. 24 that it is giving $100,000 to wildfire relief efforts in San Diego, Orange and Los Angeles counties.

Thursday, October 25

Anheuser-Busch Foundation Donates $500,000

The Anheuser-Busch Foundation, the charitable arm of the St. Louis-based beer maker and theme park operator that owns SeaWorld San Diego, plans to donate $500,000 to the American Red Cross to aid relief efforts for victims of the Southern California wildf

Scripps Receives NIH Contract Worth $51M

A division of the National Institutes of Health awarded The Scripps Research Institute in La Jolla a five-year, $51 million contract that will be used to build a detailed picture of how the immune system functions, Scripps announced Oct. 25.

Authorities Tally Fire Damage; Some Off-Limits Areas Reopen

Authorities were letting residents back into certain neighborhoods of San Diego County on Oct. 25 as multiple brush fires continued to burn. Thousands of homes and buildings were still in danger, according to the California Department of Forestry and Fire

Qualcomm Gives Relief, Recovery, Information Resources

Qualcomm Inc., the San Diego-based cell phone technology company, said Oct. 25 that it has committed $1.5 million to support relief efforts after the San Diego County fires.

Federal Aid Package For Victims Contains Range of Grants, Loans

President George Bush spent about four hours in San Diego County Oct. 25, touring areas hit hard by major wildfires that are still burning.

Wednesday, October 24

Escondido Hospital Remains Open, Crews Clean Poway Hospital

Palomar Medical Center in Escondido was fully functional and operating normally on Oct. 24, while crews worked to reopen Pomerado Hospital in Poway.

Sprawling Fires Displace 500,000; Loss Exceeds $1B

A fourth day of fires in San Diego County on Oct. 24 found fires entering new areas, particularly in the far northern portions of the county.

Tuesday, October 23

Insurance Claims to Reach $500M in Early Estimate

It's far too early to assess the total monetary damages caused by the San Diego wildfires, say several insurance executives, but the industry's trade association, the Insurance Information Network, released a report Oct. 23 that put the early estimate at

Superior Court Closed for a Week

All San Diego Superior Courts will be closed until Monday, Oct. 29, according to a notice on the court's Web site.

Fires Disrupt San Diego, Hundreds of Thousands Evacuated

Fresh calls to evacuate from San Diego County communities came as fires continued into their third day on Oct. 23.

2-1-1: A Resource for Nonemergency Questions

While the 9-1-1 system is reserved for emergencies, there are two other numbers which can be helpful during the crisis involving the firestorms.

Monday, October 22

Local Biotech Companies Leading the Charge on DNA Vaccine Technology

A vaccine capable of preventing the spread of infectious diseases such as AIDS and hepatitis C, and deadly diseases such as cancer, has kept local companies Ichor Medical Systems Inc. and Inovio Biomedical Corp. at the forefront of potential new discoveri

Sales and Leases

San Diego Door & Window has sold 20,414 square feet of industrial space to San Diego Electro LLC for $3.4 million. And other sales and leases.

Looking to the Future: Can We Afford the Costs of More Bond Debt?

Looking to the Future: Can We Afford the Costs of More Bond Debt?

Fires Disrupt San Diego, Hundreds of Thousands Evacuated

Local authorities called on 250,000 people to evacuate from certain San Diego County neighborhoods on Oct. 22 because of multiple fires blown by strong Santa Ana winds.

Farmer of the Year Key to Bringing Fresh Avocados to Grocery Shelves

Gil Henry remembers a time when avocados were an "infinitesimal" industry, decades before Californians gobbled up the fruit, dabbled in guacamole dips and purchased the fruits fresh from the grocery store.

Week in Review

Top Business News: Oct. 12 - 18, 2007

Health Conference Focuses on Best Ways to Serve Hispanic Population

As the Hispanic population in the United States grows considerably larger to an estimated 47.5 million nationwide, health care services for this segment of the population is one of the major issues being addressed by elected officials, private organizatio

HD Contributes More Than Half of U.S. Radio Advertising Sales

Somewhere on the horizon, in-band, on-channel technology known as HD radio, which makes AM stations sound as clear as FM stations and FM as clear as compact discs, or almost, is expected to replace analog.

New Customs Chief: 'We Need Way of Doing Business' at San Ysidro

The new manager of the border crossings in San Diego says San Ysidro may have reached a saturation point, and thinks it's time to overhaul the world's busiest border crossing.

Lux Art Institute Shines Light on Green Building Construction Ideas

Environmentally friendly building practices are melding with a few artistic touches in North County. The Lux Art Institute, the first LEED, or Leadership in Energy and Environmental Design, designed "green" museum in California, is set to open next month

Gen-Probe Lands Place on Forbes' 200 Small Companies Rankings

Given that its annual sales are approaching $400 million, and with more than 900 employees, Gen-Probe Inc., a local medical diagnostics maker, isn't really small. But Forbes classified the company as such and ranked the firm 52nd on its 200 Best Small Com

Therapy Specialists Ready to Leap Outside County and Into Rural Areas

Susan J. Harris has spent more than three decades maneuvering through a system that has put many health care providers down for the count. But she and her company are still standing.

Easy for Sacramento to Spend Your Hard-Earned Cash

Easy for Sacramento to Spend Your Hard-Earned Cash

Seafood Wholesaler Casting a Wider Net

Matt Rimel is a successful businessman by anyone's yardstick. The 40-year-old could also be called a poster child for dyslexia.

Evacuations Urged for San Diego County Neighborhoods

Multiple fires in San Diego County prompted authorities to evacuate certain neighborhoods on Oct. 22.

Even ACLU Can't Stop Benefits of Cameras in Auto Age

Even ACLU Can't Stop Benefits of Cameras in Auto Age

San Diego International Airport Remains Open

San Diego International Airport remains open and no flights have been cancelled during the San Diego fires, said an airport spokeswoman on Oct. 22.

Regional Roundup

Leading off this week's compilation of news from around San Diego County: The Consumer Electronics Association honored Microsoft Corp. co-founder Paul Allen during an Oct. 16 dinner in Coronado.

Nonprofit Profile - Las Patronas

A talk with Kathryn Stephens, Jewel Ball chairwoman 2007 Artrageous.

CEO With a Knack for Managing People, Finances Sparks Sharp

Health care in America is at a crossroads as government and industry leaders continue to debate about who should pay for health services and who should be insured.

Jack in the Box Ranks Among Top Companies for Female Execs

Jack in the Box Inc. is the top company in San Diego County when it comes to putting women in leadership positions.

San Diego People

Key Hires and Promotions. Executive Spotlight: Michael Holland.

Executive Profile - Linda Sterling

Linda Stirling pursued her graduate studies in education, but 20 years ago she made a career transition to the financial services industry, and hasn't looked back.

Local Surfers Pushing Custom Board Design, Sales to Web Site

Cardiff-by-the-Sea surfers Scott Yankton and Matt Gelardo want to make the talents of Southern California's board shaping experts accessible to everyone else in the world.

Light-Rail Sprinter Still on Track for Dec. 16 Start, Officials Report

The North County Transit District says it is still planning to open the long-anticipated Sprinter rail line by Dec. 16.

Growing Population Equals Business Growth, Especially for the Shopping Center Industry

With more people comes business growth. Every facility from retail to commercial to residential has to keep up. One industry that is on track to move to the next level for the consumer is the shopping center, particularly the Westfield Group.

Ocera Drug Candidate Shows Promise, Could Gain Orphan Status

Ocera Therapeutics Inc. reported positive Phase 2 results for a drug candidate to treat pouchitis, a common problem following j-pouch surgery for ulcerative colitis, during the recent American College of Gastroenterology annual meeting.

UCSD Receives $1 Million in 2 Donations to Fund Telescope Project

UC San Diego received $1 million to fund construction of the telescope for the Polarization of Background Radiation, or "Polarbear," project. An initial $400,000 contribution came from the James B. Ax Family Foundation. An anonymous donor gave $600,000.

With Apologies to All, a Democratic Hiccup Occurred in Hong Kong

With Apologies to All, a Democratic Hiccup Occurred in Hong Kong

Sales of Hotels in County Decline 50% During First 6 Months of 2007

The number of hotel transactions in San Diego County was cut in half during the first six months compared with the same time frame in 2006, according to a midyear survey of hotel sales by Atlas Hospitality Group, an Irvine brokerage.

Gafcon Selected to Oversee Improvements at College Campuses

Progress Report: Gafcon Inc., a Southern California-based development and construction management firm, has been retained by the San Diego Community College District to provide management services for new facilities and improvements at various education s

Civilian Health Care Workers Sign Up For Humanitarian Service Overseas

Dr. Irvin B. Silverstein, dental director and adviser for the UC San Diego School of Medicine, has devoted countless hours to providing free dental services to San Diego's under-served communities, as well as signing on with the military for a humanitaria

Residential Real Estate Sales Slump Arrives in North County Neighborhoods

Even home prices in North County are falling. The median price for all homes there decreased to $535,000 in September from $567,900 in August, according to HomeDex, a North San Diego County Association of Realtors report.

Entrepreneur Profile - Jim Turley

Jim Turley has only been the chief executive officer of Patriot Scientific Corp. since June, but the 20-year-old intellectual property licensing company has already completed a record-breaking year under his direction.

Corrections & Clarifications

For Oct. 15, 2007.

Friday, October 19

Jobless Rate Holds Steady in September

San Diego's unemployment rate held steady for the third month in a row at 4.8 percent in September, according to the Oct. 19 report from the state Employment Development Department.

Bersin Eyes City Attorney Job

Alan Bersin, who's held several high-profile public jobs and is current chairman of the board that manages Lindbergh Field, apparently is mulling a run at the job now held by City Attorney Michael Aguirre.

High Tech Awards Showcase Advancement

San Diego AeA, a trade association for the high-technology industry, planned to recognize nine companies at its 14th annual High Tech Awards event Oct. 19.

South Bay Expressway Sets Nov. 19 Opening

San Diego County's new toll road, the South Bay Expressway, announced Oct. 19 that it will open to traffic Monday, Nov. 19.

Thursday, October 18

Callaway Looks Ahead to Better Year

Shares in Carlsbad-based Callaway Golf Co. were trading 11 percent higher at midday Oct. 18, after the company put out its preliminary third-quarter results.

Pancreas Problem With Drug Is Rare, Amylin Says

Amylin Pharmaceuticals Inc. said Oct. 17 that the incidence of patients who reported pancreatitis while taking its diabetes drug Byetta is rare, and that it would continue to monitor adverse events.

Monster Index Shows San Diego Job Recruitment Slips

Online job demand in San Diego dipped two points in September to the lowest level since January 2006, according to the latest Monster Local Employment Index released Oct. 18.

Wednesday, October 17

Jack Ranks Among Top Companies for Women Leaders

Jack in the Box Inc. is the top company in San Diego County when it comes to putting women in leadership positions.

Amylin Cuts Third-Quarter Loss

Amylin Pharmaceuticals Inc. reported that the third quarter gave it a sales increase and a decreased net loss, compared with the same period last year.

WD-40 Closes Year With 12 Percent Profit Gain

WD-40 Co., a San Diego-based maker of lubricants and other household products, reported Oct. 17 net profits for the fiscal year ended Aug. 31 of $31.5 million on revenue of $307.8 million.

Navy Unveils Sea Power Strategy

Adm. Patrick Walsh, vice chief of naval operations, was in San Diego on Oct. 17 to discuss the new national maritime defense strategy.

Wescom Moves to Acquire Great American

Wescom Credit Union, which is based in Pasadena and has $3.9 billion in assets, said Oct. 16 that it acquired San Diego-based Great American Credit Union in a deal that expands its offices in the county from five to nine.

Tuesday, October 16

Skybus to Leave Lindbergh

Columbus, Ohio-based Skybus Airlines said Oct. 16 that it will end its service to San Diego on March 7.

FDA Issues Warning Over Amylin Drug

The FDA issued a warning Oct. 16 to physicians and patients using Amylin Pharmaceuticals Inc.'s diabetes drug Byetta, saying that it could cause severe inflammation of the pancreas that sometimes leads to death.

SAIC Unit to Lay Foundation for Spacecraft Tests

A subsidiary of SAIC has a contract to build testing facilities for NASA's next-generation spacecraft, SAIC said Oct. 16.

Monday, October 15

Metabasis' & #8201;Liver Cancer Therapy Granted Orphan Status Abroad

European drug regulators granted Metabasis Therapeutics Inc. orphan drug status for its liver cancer treatment, the biotechnology company said Oct. 2.

Home Design Merchants Open Escondido Store in Tightening Market

Retail vacancy remains at an historic low for San Diego County, with a midyear vacancy rate of 2.2 percent, yet the market absorbed more than 762,000 square feet of retail space during the first half of 2007.

Raising a House of Worship Is Hearty Task for Many Hands

The pastor or rabbi, the organist, the Sunday school teacher, the board of directors and the congregants , that's just some of the many users that a builder has to accommodate while trying to erect a house of worship.

KaDonk Helping to Chart Work Flows for Complicated Office Projects

What is the sound of entrepreneurs hitting their head against the wall? That's what Anders Heie and Dipanshu Sharma said they were ready to do while attempting to come up with a name for their software startup.

Statistics Show Women, Minorities Gaining Ground in Construction Industry

Nothing comes quickly or easily to disadvantaged groups who want their piece of the economic pie , and the construction industry is no exception. But, some industry insiders say that progress is being made, albeit gradually.

Biogen Idec Exploring Sale to Carl Icahn

Biotechnology giant Biogen Idec Inc. said Oct. 12 that it was exploring selling the company to a number of interested parties, including billionaire investor Carl Icahn.

Coronado First Bank Heads Into the Black

Two-year-old Coronado First Bank reported Oct. 15 that it broke into the black for the first time last month, netting $5,000 for September, but took a third-quarter net loss of $96,000.

Connect Effort Helping Local Entrepreneurs Pursue Their Passion

San Diegans have caught the bug for alternative energy and clean tech, but questions remain of how startups will secure sufficient funding and how more advanced technologies will reach their intended markets.

San Diego People

Key Hires and Promotions. Executive Spotlight: Judy Forrester.

Corrections

For Oct. 1 and Oct. 8, 2007.

Outreach Helps Small Businesses Compete for Large Construction Jobs

Minority contractor Joseph Troya was getting mighty sick of chasing down potential job leads and ending up with nothing but empty calories.

Kratos Submits Late Financials, Reports Heavy Losses in Restructuring

Kratos Defense and Security, the new name of San Diego-based Wireless Facilities Inc., filed delayed quarterly results for the first and second quarters of this year, a move the company says should maintain its listing on Nasdaq.

Hospitals, Health Facilities Slowly Moving Toward Green Building Design

Strict regulations and exorbitant costs are just two reasons why many, if not most, hospitals and health care facilities veer away from adopting green designs.

Chargers, DA, Team Up to Give Footwear to Underprivileged Kids

San Diego County District Attorney Bonnie Dumanis joined San Diego Chargers football players during their annual back-to-school shoe distribution event.

Accredited Gets $100M Infusion From New Parent

Accredited Home Lenders Holding Co., which completed the sale of the company to a subsidiary of Lone Star Funds Oct. 12, said Oct. 15 it received $100 million in working capital from the new parent firm, LSF5 Accredited Investments LLC.

BIO Investor Forum Brings 200 Firms, 225 VCs Together

Biotechnology firms looking to lure investor interest with promising scientific advances and big growth potential, and investors searching for their next great opportunity, converged in San Francisco for the fourth annual BIO Investor Forum.

Week in Review

Top Business News: Oct. 5 - 11, 2007

If You're Rich and Need to Show It, Take Phantom to the Opera

If You're Rich and Need to Show It, Take Phantom to the Opera

Sales and Leases

The Law Offices of Gerald Bank has purchased three office condominiums in Demko Investment Corp.'s Columbia Court Office Suites for $1.23 million. And other sales and leases.

Entrepreneur Profile , Michael Parente

Michael Parente, president of Integrated Training Solutions Inc., began riding the technology wave more than 20 years ago in the Navy.

We're Missing the Boat on Global Warming Solutions

We're Missing the Boat on Global Warming Solutions

Regional Roundup

Leading off this week's compilation of news from around San Diego County: U.S. Bank and WaMu, also known as Washington Mutual Inc., are presenting an event to help potential home buyers learn if they qualify to purchase an affordable home in a new seven-u

General Contractors Donate Services for Becky's House 2 Shelter

Hundreds of women in San Diego County flee from domestic violence every year. General contractors in San Diego have teamed up to support victims.

Consultant Crafts Insurance Coverage to Help Protect Products, Services

Richard Zizian's day normally starts around 4:30 a.m. and sometimes he doesn't turn off the lights in his downtown San Diego high-rise home office until one o'clock the next morning. But when you're affecting change around the globe, that's pretty much th

Downtown's Hard Rock Plans to Open Doors Softly

The "soft opening" of the Hard Rock Hotel San Diego, scheduled for this week, marks the completion of the city's first 100 percent condotel.

Volunteers Set Home-Building World Record in East Tijuana

More than 500 architects, contractors, developers, real estate brokers and local business representatives built 52 homes in Tijuana in only one day last month.

Warehouse Conversion Completed for Lense Manufacturer Ophthonix

Progress Report: San Diego-based Johnson & Jennings General Contracting has completed tenant improvement construction for the $2.3 million office and laboratory facility of Ophthonix Inc.

Nonprofit Profile , Marine Corps , Law Enforcement Foundation Inc.

A talk with Darren Moore, senior California adviser for Marine Corps , Law Enforcement Foundation Inc.

Two of County's Top Tourism Officials Take Road Not Taken

The overseas ventures of two prominent tourism officials, Cami Mattson and more recently Carol Wallace, have made a difference in the lives of some of the people in the places they visited, and though they went at different times, they had similar reasons

County Offers Tax Break on Properties Affected By Mt. Soledad Slide

Residents affected by the landslide on Mount Soledad Road in La Jolla may be eligible for property tax relief, according to local representatives.

Despite Missing Playoffs, Padres Still Score in Fan Acceptance

The San Diego Padres may have missed the playoffs, but most fans would agree that the 2007 season was still a big winner.

Cymer's Bright Spot in Chip Equipment Market

Thanks to consumers' love affair with gadgets like cell phones, laptop computers and digital music players, companies in the computer chip industry such as San Diego's Cymer Inc. are getting richer.

Remodeling Business Rebounds By Refocusing on Commercial Contracts

Like a good high-stakes poker game, business owners in a down market have to ask themselves whether they want to hold 'em or fold 'em. Mark Miller, president of OMP, a longtime residential remodeling company, did neither.

Investors Experienced, Inexperienced Panicked in Crash of Oct. 19, 1987

Matt Pavich was a relatively new employee at Prudential Bache in San Diego in October 1987 when his boss walked up to him with a frantic look in his eyes. "The market is down 520 points!" his boss screamed at the greenhorn stockbroker.

Will India Help Find Way for Burma to Ease Unrest?

Will India Help Find Way for Burma to Ease Unrest?

Kaiser Continues North County Expansion With New Office Opening

On Oct. 16, Kaiser Permanente is scheduled to open its first medical office building in Oceanside, a facility that will focus on primary care and pediatrics.

Executive Profile , Greg Young

Chief Executive Officer Greg Young of Luxtera Inc. knows that his company stands out, even in a town full of technological innovators. Luxtera was recently named a finalist for the San Diego AeA High Tech award.

Friday, October 12

San Diegan Will Lead ZyGEM

ZyGEM Corp. Ltd., a New Zealand-based developer and manufacturer of products for DNA extraction, said Oct. 12 that it has appointed 18-year life sciences industry veteran Paul Kinnon as president and chief executive officer.

Accredited Deal Finalized

The sale of Accredited Home Lenders Holding Co., a San Diego subprime mortgage lender, was officially completed Oct. 12, according to the buyer, Lone Star Funds, a Dallas-based equity fund.

Websense Shares Gain a Little Ground

Shares of Websense Inc. closed up 1 percent Oct. 12 after falling 7 percent the previous day.

Thursday, October 11

Loans, Assets Up at Security Business Bank

Security Business Bank of San Diego, with three offices here, reported Oct. 10 net income of $459,000 for the third quarter, up 42 percent from the like quarter of 2006. Total assets rose 11 percent over the period to $169.2 million.

Southwest Airlines to Revamp Gates, Boarding Process

Dallas-based Southwest Airlines has announced that it plans to redesign its airport gate areas to be more passenger-friendly.

Conference to Spotlight Commercial Loan Defaults

The seventh annual Trigild Leader Conference titled "Strategies for Dealing with Commercial Loan Defaults" is scheduled for Oct. 17-19.

Trafalgar Stokes the Fire for Buckeye Ventures

Buckeye Ventures, a San Diego firm providing air conditioning and heating service nationwide, said Oct. 11 it received a $5 million investment from Trafalgar Capital Specialized Investment Fund.

Hybrid Autos to Get Port's Prime Parking

The Port of San Diego is treating drivers of hybrid cars first class.

Wednesday, October 10

Nirvanix Delivers New Web Storage Service

San Diego-based Nirvanix Inc., a provider of Internet storage optimized for media uses, said Oct. 10 that its Storage Delivery Service is now available.

Public Offering to Provide $13.6M for Maxwell

Local energy storage and power delivery manufacturer Maxwell Technologies Inc. said Oct. 10 that it has priced the sale of 1.3 million shares of its common stock in a public offering.

Tuesday, October 9

Pure Financial Advisors Opens in Mission Valley

Pure Financial Advisors, a financial planning firm featuring a new business model, opened its office Oct. 8 in Mission Valley.

Changes in the Air at Lindbergh; Comments Sought

Some changes are in the works at Lindbergh Field, and the agency that manages the region's main commercial airport is getting the word out about them.

Sempra Makes Ethanol Marketing Deal With Brazilian Company

Sempra Energy said Oct. 8 that its Sempra Commodities unit will market ethanol produced by Brazil-based Etanalc S.A. under a new, 20-year deal between the two companies.

More Volcano Shares Going to Market

Volcano Corp., a Carmel Valley medical device maker, said Oct. 9 that it plans to sell 6 million shares of newly issued common stock.

Call Forwarding: InfoSonics in New Headquarters

InfoSonics Corp. said Oct. 9 that it has relocated to the University Towne Center area.

Monday, October 8

Accredited Sale Nears Completion, Lone Star Says

The sale of San Diego subprime lender Accredited Home Lenders Holding Co. to a Texas private equity firm should be completed this week, said Dallas-based Lone Star Funds on Oct. 8.

Jack Perks Up His Coffee in Slugfest With Starbucks

Stock in Jack in the Box Inc. got a nice one-day jolt last week on news that the company introduced a full-bodied cup of java , its first volley in an attempt to gain ground on the premium coffee front.

Postal Annex Brands Itself With New Name

San Diego-based Postal Annex+ Inc. said Oct. 3 that it has changed its name to Annex Brands Inc.

Biotech Firms Get the Bug for Virus-Killing Products

Last year, when cruise ship passengers returned to Miami looking more like they'd seen a ghost than taken a seven-day vacation to the Caribbean's ports of call, the source of their symptoms became widely discussed.

Medical Firm Targeting $3B Market for Plaque Detection

Few could be happier than Volcano Corp. President and Chief Executive Officer Scott Huennekens that the medical device company chose to expand into San Diego.

Hotel Self-Assessment Plan Clears First Big Hurdle

A plan that could raise as much as $30 million for tourism funding has apparently garnered enough support to get it rolling by January.

Regional Roundup

Leading off this week's compilation of news from around San Diego County: R.D. Olson Development has opened the Residence Inn by Marriott at Ocean Ranch in Oceanside.

Bluwater Crossing Features 66 Live-Work Spaces for Owners on the Go

Trammell Crow Residential held a groundbreaking ceremony for its first transit-oriented development in Carlsbad on Sept. 27. The developers of Bluwater Crossing said the mixed-use, live-work community is a good fit for Carlsbad.

CoFactor, Adventrx Pharmaceuticals' Cancer Drug Candidate, Fails Trial

Shares of San Diego-based Adventrx Pharmaceuticals Inc. plunged to a 52-week low Oct. 1 following news that the company's treatment for metastatic colorectal cancer failed to meet clinical trial goals.

State Agency Gives Grants to Old Globe Theatre, San Diego Zoo

The Old Globe Theatre has received a $1.6 million grant from the California Cultural and Historical Endowment.

Qualcomm's New General Counsel Enjoyed Long Career at Tech Giant IBM

You could say Donald Rosenberg just got the toughest legal job in the city when he was named general counsel for Qualcomm Inc., maybe as tough as being the No. 2 lawyer working for San Diego City Attorney Michael Aguirre.

Wermers Construction Makes Progress on 80-Unit Seniors Apartment Complex

Progress Report: San Diego-based Wermers Corp. is continuing work on the Plaza City Senior Apartments, an 80-unit complex under construction in National City.

Entrepreneur Profile , Cindy Furey

When Cindy Furey, owner of Comprehensive Therapy Services Inc., was handed the chance to take over an established business she jumped at it.

Spawar Goal: Get Military Caught Up to Internet Age

When the Navy moved a little-known unit from Virginia to San Diego 10 years ago, few realized the implications for the local economy.

We Urgently Need Health Care Reform in California

We Urgently Need Health Care Reform in California

Staffing Firm Access Nurses Launches News, Entertainment Web Site

Access Nurses has launched www.NurseTV.com, an Internet television network that provides news and entertainment concerning the nursing community for health care professionals and the public.

Budget to Lure Tourists Comes Up Short in Lodging Explosion

The San Diego Convention & Visitors Bureau lures tourists by advertising "365 days of ahhhhhhh." Well, maybe it's more like 351 if you subtract a couple of weeks of unseasonable heat, like we had the past couple of summers.

Paperless Office Was Delusion of Early Technology Age

Paperless Office Was Delusion of Early Technology Age

People in Community Outshine Negative Headlines

I have been writing economic and business news columns for more than 25 years and have enjoyed every word. I have always been the half-full glass guy because I believe there is so much more to learn from people who are doing things right.

San Diego People

Key hires and promotions. Executive Spotlight: Paul Heidemann.

Sempra Wins $172M in International Dispute

The International Centre for Settlement of Investment Disputes in Washington, D.C., has awarded Sempra Energy $172 million to settle a 2002 dispute involving the company's 43 percent ownership in two Argentine natural gas holding companies.

Sales and Leases

Sales and Leases

Conference to See What Future Holds for Qualcomm's Technology

The morphing world of wireless phones, related devices and wireless services will take center stage this week in downtown San Diego, with an emphasis on the Code Division Multiple Access, or CDMA, technology standard.

Eager to Increase Sales, Homebuilders Say Let's Make a Deal

With less than three months left in the year, public and private homebuilders are offering significant , and increasingly creative , incentives to unload inventory.

Executive Profile , Jason Dean

Jason Dean could have coasted on more than a decade of experience in the restaurant industry, but after training employees for T.G.I. Friday's and his most recent role managing The Prado at Balboa Park restaurant he decided it was time to run his own rest

Supplemental Classes for K-12 Students Booming

A new math education company called Math Monkey opened its first franchise in San Diego this summer, just one of the many supplemental education franchises expanding locally and nationwide.

CEO Turns Around Neighborhood House Using His Business Experience

After years of building a corporate and government career, Rudolph Johnson veered down an unknown path.

Week in Review

Top Business News: Sept. 28 - Oct. 4, 2007

Many Restaurants in Area Get Solid Reviews in Zagat Survey

The just-released Zagat Survey for 2007, the gilt-edged bible for fine dining, offers interesting insight into how local establishments fit into the big gastronomical picture.

Friday, October 5

Helixis Gets Attention From Silicon Valley

Silicon Valley venture capital firm Advanced Technology Ventures joined Domain Associates and Okapi Venture Capital in Helixis Inc.'s $10 million Series A round completed in late August, Helixis announced Oct. 5.

San Diego Actuary Honored By His Peers

Fred Kilbourne, principal with the Kilbourne Co., has been singled out for honors by the American Academy of Actuaries.

Spawar Deal Could Bring Indus $8.8M

Indus Technology Inc., a San Diego defense contractor providing communications services to federal agencies, said Oct. 3 that it received a subcontract from Booz Allen Hamilton.

Thursday, October 4

Cubic Deal Focuses on Marksmanship Skills

San Diego-based Cubic Corp. said Oct. 3 that it received a $6.8 million contract to deliver its Engagement Skills Trainer 2000 small arms training system and other defense-related products to the U.S. Army.

Group Names Hillcrest One of Nation's Great Neighborhoods

Hillcrest, which celebrates its 100th year this year, is getting national ink by being named one of 10 Great Neighborhoods for 2007 by the American Planning Association.

Oceanside Council Drops Bid for Stadium

The search for a new Chargers stadium is down to Chula Vista following a decision by the Oceanside City Council on Oct. 3 to halt talks with the football club after a study showed an office complex accompanying the stadium in that city wasn't economically

Teleconference Deal May Yield $4M for SGIS

SGIS said Oct. 1 that it has been awarded a video teleconferencing support contract by the Space and Naval Warfare Systems Command valued at $4 million.

BAE Gives Dry Dock Some Care

BAE Systems said Oct. 3 that it received a $19 million contract from the U.S. Navy's Southwest Regional Maintenance Center to refurbish and upgrade the ARCO floating dry dock.

Wednesday, October 3

Darpa Propels SpaceDev Work

The Defense Advanced Research Projects Agency has awarded Poway-based SpaceDev Inc. a $3.75 million contract, covering preliminary work on solar thermal propulsion and bus design for the High Delta-V satellite program.

Whole Foods Sells Henry's Operation to Smart & Final

Whole Foods Market Inc. completed the sale of its 35 Henry's Farmers Market and Sun Harvest Market stores to a subsidiary of Los Angeles grocer Smart & Final Inc. on Oct. 2.

Hotel Self-Assessment Plan Clears First Hurdle

A plan that could raise as much as $30 million for tourism funding has apparently garnered enough support to get it rolling by January.

Connect Names Finalists for Most Innovative New Product Awards

An event touted as a precursor to bigger and better things, Connect's 20th annual Most Innovative New Product Awards luncheon will continue the tradition of showcasing local companies that have produced cutting-edge technologies.

Georgia Company Picks Up Hardy Instruments

Hardy Instruments Inc., a San Diego-based privately held maker of precision measuring and monitoring devices, said Oct. 3 that it has been acquired by Roper Industries Inc., a Georgia public company, for an undisclosed price.

Tuesday, October 2

Teradata Spins Off, Shares Rise

Teradata Corp., based in Dayton, Ohio, and with about 1,000 employees at a key site in Rancho Bernardo, was spun off Oct. 1 as an independent public company.

Sempra Wins $172M in International Dispute

The International Centre for Settlement of Investment Disputes in Washington, D.C., has awarded Sempra Energy $172 million to settle a 2002 dispute involving the company's 43 percent ownership in two Argentine natural gas holding companies.

Monday, October 1

Kearny Mesa Planners Object to Zone Updates In General Plan Proposal

As San Diego pens updates to the city's General Plan, industrial and office property owners are concerned how it will affect Kearny Mesa.

Convention Center at Capacity, Tourism Industry Mulls Expansion

The San Diego Convention Center Corp.'s top executives aren't mincing words when they say the 2.6 million-square-foot waterfront facility is so busy that the city is shortchanging itself by not looking at ways to expand it.

Pair of Ad Veterans Team Up to Form Gaslamp Quarter Agency

A pair of advertising veterans, Art Bradshaw and Emily Rex, last week officially launched Departure, with a couple of big-name clients.

Seen After Hours

The San Diego Business Journal held its fourth annual reception and awards ceremony Sept. 20 honoring San Diego's 100 Fastest-Growing Privately Held Companies at the Westgate Hotel.

National Dealer in Used Cars Preparing to Open Kearny Mesa Store

One of the toughest and most competitive car markets will get much tougher when CarMax Inc., a nationwide dealer of used vehicles, opens in Kearny Mesa in November.

Vacancy Rates for Apartments in the County Decrease Dramatically

San Diego County recently saw the largest six-month apartment vacancy rate decrease in four years, according to MarketPointe Realty Advisors?Rental Trends publication released late last month.

Cox Communications to Honor Teachers at Ceremony Set for Oct. 6

The 17th annual "Cox Presents: A Salute to Teachers" will be held Oct. 6 at the San Diego Civic Theatre.

Mercedes' Bad Boy Sports Sedan Made for the Guys

Mercedes' Bad Boy Sports Sedan Made for the Guys

Athletic Center Defends Itself Against National City's Eminent Domain Powers

A local nonprofit athletic club will fight another round against National City. The Community Youth Athletic Center initially stepped up to protect its business earlier this year from a proposed extension of eminent domain authority.

LeaseTrader.com Helps Drivers Get Out of Long-Term Car Leases

Automobile leases still may be ironclad, but drivers can now benefit from flexibility when it comes to getting out of contracts early.

133-Room Pala Mesa Resort Goes on the Block

There were still a few major hotel properties that went up for sale within the county this year, including the posh 133-room Pala Mesa Resort most recently.

TomatoBank Targets Latino Customers, Opens Chula Vista Branch

In the world of bank names that are mundane and commonplace, TomatoBank, which recently opened an office in Chula Vista, stands out.

Health Care Job Fair Set for Oct. 2

Advance Newsmagazines, hoping to bring nursing and allied health professionals together due to an ongoing health care worker shortage in California, is hosting a free job fair and career event beginning at 8 a.m. Oct. 2 at the San Diego Concourse.

Radio Stations Boost Revenue, Ratings With Online Sales, Attractions

When it comes to attracting advertisers, San Diego's biggest radio operator, Clear Channel Communications Inc., now sells space on its various Web sites as much as it does airtime on its stations.

Week in Review

Top Business News: Sept. 21 - 27, 2007

Study Looks to Drug Candidate for GI-Friendly Answer to Arthritis Pain

A San Diego study conducted by the Medical Associates Research Group has begun to evaluate an investigational drug that could reduce the risk of upper gastrointestinal, or GI, ulcers in arthritis patients who regularly take over-the-counter pain medicatio

Least Terns Protected Beneath Roar of Airport's Jet Engines

While birds and airports generally aren't a good mix, the combination has been a real winner at San Diego International Airport through a successful endangered species preserve located next to the facility's single runway.

AstraZeneca Puts Money in Pediatric Drug Maker Verus Pharmaceuticals

On Sept. 24, privately held San Diego pediatric drug maker Verus Pharmaceuticals Inc. said it had signed a deal with pharmaceutical giant AstraZeneca worth up to $310 million.

Marketing Agency Signs on Therapy Specialists

San Diego-based Marketing Solutions by Cesson announces its new client, Therapy Specialists, a provider of occupational, physical, speech and hand therapy services.

Online Marketing Terms Defined

Learning the language of the Internet is like wading through a vat of alphabet soup. Here are some definitions.

Sunglass Maker Orange 21 Backs Away From Purchase of No Fear

Orange 21 Inc., the maker of Spy Optic sunglasses, said it's no longer in talks to purchase No Fear Inc.'s retail stores.

Chariots Handle Emergencies Better Than Ambulances

San Diego Medical Services Enterprise LLC now dispatches chariots with its ambulances during special events.

Sales and Leases

Sales and Leases

Google's YouTube Creating Headaches in Thailand

Google's YouTube Creating Headaches in Thailand

Local Leaders Discussing Key Issues in D.C.

Health care, homeland security, transportation and border issues are on the agenda of the "One Region, One Voice" mission that kicked off in Washington, D.C., on Sept. 30.

Regional Roundup

Leading off this week's compilation of news from around San Diego County: A study of possible locations for a new San Diego Chargers' football stadium revealed the two best sites to be in the eastern part of Chula Vista near the Olympic Training Center, a

CCDC Board Approves Art Project Master Plan for Santa Fe Depot Area

Progress Report: The Centre City Development Corp. said that the board approved the Public Art Master Plan to guide incorporation of public art into the Santa Fe Depot area, including the North Embarcadero.

Executive Profile , David V. Kitchen

David Kitchen, a private investigator and president of Proficient Investigations Inc., frequently applies the wisdom he learned from years in intelligence to his current business practice.

Entrepreneur Profile , Gregory A. Mueller

Gregory A. Mueller, chief executive officer and president of Tucker Sadler Architects, is proud of the buildings he has designed, and equally proud of the relationships he has with the people he designs them for.

San Diego People

Key Hires and Promotions. Executive Spotlight: Carolyn Maduza.

Dermacare Plans to Open Second San Diego Skin Care Clinic

Dermacare Laser & Skin Care Clinics will open its second San Diego franchise location next year, the Scotts & #173;dale, Ariz.-based company announced Sept. 24.

DexCom Tackles Continuous Monitoring Market for Diabetes

Aiming to capture a slice of the $6 billion diabetes market, San Diego medical device company DexCom Inc. has developed the only seven-day glucose monitor for adults on the market.

Online Advertising Ventures Further Into Search Engine Marketing Realm

San Diego has been a breeding ground for search-engine marketing, based on its history as an incubator for pioneering companies. That's the take of Cindy Turrietta, founding member of Affordable Search Engine Ranking, an independent consulting company bas

Adventrx Shares Lose Value With Release of Study Results

Shares of San Diego-based Adventrx Pharmaceuticals Inc. plunged to a 52-week low Oct. 1 following news that the biopharmaceutical company's treatment for metastatic colorectal cancer failed to meet its clinical goals.

Treehouse Brings Aboard Clients That Seek to Stand Out on the Web

Search engine marketing , also known as SEM , is a useful vehicle for navigating the information highway, and many enterprising cyber service stations are springing up to fill those high-tech tanks.