Stories for January 2008
Thursday, January 31
The University of San Diego Index of Leading Economic Indicators dropped in December, for the 20th month out of 21, the university reported on Jan. 31.
Carlsbad-based biotechnology company Isis Pharmaceuticals Inc. said Jan. 31 that Abbott Laboratories agreed to invest up to $40 million in its subsidiary, Ibis Biosciences Inc., with the option to buy the company.
The Navy said it completed a watershed test with its electromagnetic rail gun on Jan. 31.
Wednesday, January 30
The Salk Institute received $11.5 million in gift money from a newly formed European foundation that will fund the creation of a new Salk program, the La Jolla institute announced Jan. 29.
Shares in Cymer Inc. lost $6, or more than 17 percent of their value, in midday trading Jan. 30 after the company reported 2007 earnings and a dimmer forecast for the current quarter.
Tuesday, January 29
A state Senate committee on Jan. 28 voted 7-1 against Gov. Arnold Schwarzenegger's health care reform bill, which would have guaranteed health insurance for all Californians.
Monday, January 28
San Diego-based Barney & Barney LLC and Saylor & Hill Co. of Oakland will merge, the two insurance brokerages said Jan. 24. Terms of the deal were not disclosed.
Qualcomm Inc. reported Jan. 23 that it earned $767 million, or 46 cents per diluted share, on revenue of $2.44 billion during the quarter ended Dec. 30.
When San Diego's Cymer Inc. needed to quickly expand its Rancho Bernardo manufacturing facility to get a new laser product to market, the company embraced a new method of construction planning.
Larry Hershfield will be the first to admit that the airline industry has not been consistently profitable. But Hershfield is still confident in his decision to buy bankrupt Hawaiian Airlines three years ago.
Despite an increase last year in defective Chinese-made imports including food components and toys, the folks at San Diego-based Pulse, which does practically all its manufacturing there, aren't worried.
It began when Mark Dibella received a call from a local resident a couple of years ago. The caller had happened upon some documents and newspaper clippings in her attic that turned out to be the contents of the US Grant Hotel's original time capsule.
When high-rise designers and architects take on a project they're typically working with a much smaller parcel of land than for the average edifice built closer to the ground. There is the challenge of getting myriad pieces of a high-rise to work in seaml
Caution is the watchword in the industrial space market, where investment sales have slowed. Debt , not demand , is the puzzle that has sidelined buyers.
Web Editor Brad Graves provides highlights from the Jan. 28, 2008 issue of the San Diego Business Journal.
Security Business Bank of San Diego said Jan. 28 that it had un-audited net income of $1.6 million in 2007, up 14 percent from $1.4 million in 2006.
Progress Report: TSA Contracting was selected by Mintz, Levin, Cohn Ferris, Glovsky and Popeo, an international law firm, to oversee tenant improvement construction on its new office in Carmel Valley.
BrightStar Healthcare plans to open its first San Diego franchise in March. Within five years, the Illinois-based health care staffing agency says it has plans to open 13 more franchises in the county.
Was the Fed's move last week enough? That's the question millions of investors are asking in the wake of the three-quarter point reduction to the benchmark Fed funds rate on Jan. 22.
Fashion-conscious shoppers on a budget can storm the sidewalks of Otay Ranch Town Center in Chula Vista this spring to clear out the racks of San Diego County's first H & M; clothing store.
The Viterbi Family Foundation awarded $2.5 million to Taglit-Birthright Israel to help provide people ages 18 to 26 with a trip to Israel to learn more about their heritage.
Under pressure to keep legal fees low and attorney pay competitive, San Diego-based Luce, Forward, Hamilton & Scripps LLP overhauled its pay system for associates this month.
Resales of condominiums downtown remained at 2006 levels in 2007.
Close to 700 businesspeople attended the San Diego Business Journal's annual Book of Lists Party.
With a practice split between forensic architecture and design work, Salerno/Livingston Architects keep themselves both busy and fascinated with the diversity and range of projects.
Leading off this week's compilation of news from around San Diego County: Cuyamaca College plans to celebrate the opening of its Communication Arts Building from 7 to 9 p.m. Jan. 31.
It's doubtful that any single entity has ever spent as much money redeveloping a hotel in this county as the Sycuan Band of the Kumeyaay Nation has on The US Grant, and the sum continues to grow.
Steve Kantor, author of "Billion Dollar Agent , Lessons Learned," believes 10 local real estate agents have hit the $1 billion sales mark out of just 100 to 200 nationwide.
Office space totaling 50,520 square feet at 9573-9577 Chesapeake Drive in Kearny Mesa has been sold by Chesapeake Drive LP to Providence Chesapeake LLC for $14.6 million. And other sales and leases.
Palomar Pomerado Health's 10,406-square-foot women's center is expected to start accepting patients in February.
Despite static in the industry, Malcolm Davies, principal of San Diego-based Davies Development & Investments Inc., expects his company will participate in four to five new projects for 2008.
It's been 17 years since former professional triathlete Emilio De Soto sold his first clothing, 100 pairs of running shorts, out of the trunk of his car at triathlon racing events. The Cuban-born De Soto is now striving for similar success overseas.
The subprime mortgage crisis, which brought San Diego's housing market to its knees, is casting a chill on the commercial office sector. Lax underwriting standards in residential real estate have sparked an across-the-board credit crunch, according to loc
Well, are we in a recession or not? I guess it depends on who you listen to or what publication you read.
The Federal Trade Commission, charged with overseeing the Hart-Scott-Rodino Antitrust Improvements Act of 1976, approved a few changes to its terms of notification Jan. 18.
Steve Gustafson, owner and president of Nautilus General Contractors, founded his business in 2002 after leaving his previous startup.
Saving energy is a virtue when you are designing electronics for a wireless phone. Qualcomm Inc. concerns itself with conserving resources in the larger scheme of things, as well.
Sorrento Valley biotechnology firm Optimer Pharmaceuticals Inc. says it has the next potential treatment for an emerging infectious disease that has crept through hospitals and nursing homes.
The PGA Merchandise Show started in a Dunedin, Fla., parking lot in 1954. Today the show, held in an Orlando convention center, attracts more than 45,000 industry professionals, including the 66 San Diego companies that were present Jan. 17-19.
San Antonio-based Clear Channel Communications is closer to its goal of selling its TV and radio properties, including those in San Diego.
Veteran Offers a Four-Way Test for Business Success
The lines at the San Ysidro and Otay Mesa border crossings could get even longer starting this week as federal customs inspectors implement tougher security measures.
Friday, January 25
The California Department of Transportation has begun a $600 million eastward extension of state Route 52, the San Diego Association of Governments said Jan. 24.
The San Diego Better Business Bureau invites high school juniors and seniors to speak before fellow students on the topic of being a smarter consumer. Students will be trained in February.
Overland Storage Inc., a San Diego-based data storage systems provider, reported a net loss of $6.5 million for its second quarter ended Dec. 31, compared with a net loss of $8.9 million for the like quarter in the prior fiscal year.
Thursday, January 24
The folks at Intuit Inc.'s TurboTax division in San Diego think doing your own taxes can be a joke. To garner some buzz about the company's best-selling tax preparation software, it's sponsoring a comedian competition.
Qualcomm Inc. reported late Jan. 23 that it earned $767 million during the quarter ended Dec. 30 , up 18 percent from the same quarter one year ago.
Gilroy-based MainStreet Media Group LLC, which owns six weekly newspapers in the San Diego region, has acquired the Pomerado Newspaper Group from Publisher David Calvert.
Wednesday, January 23
Jeff Krstich, the president and chief executive officer who led Oceanside-based International Stem Cell Corp. through some major scientific breakthroughs last year, died Jan. 20 of an apparent heart attack, the company said Jan. 22.
San Diego Trust Bank reported net income of $768,000 for 2007, compared with net earnings of $1.25 million in 2006, although the prior year's profits weren't fully taxable.
SAIC, a San Diego-based research and engineering firm, said Jan. 23 that it laid off about 70 employees locally, in McLean, Va., and in a few other sites.
Tuesday, January 22
Covario Inc., formerly called SEMDirector, a San Diego interactive marketing analytics firm, said Jan. 22 that it obtained a $16 million Series B investment from FTVentures.
General Dynamics Nassco, the San Diego shipbuilding unit of GD, said construction began Jan. 22 on a second new class of commercial tanker for U.S. Shipping Partners L.P. of New Jersey.
Qualcomm Inc. and Scripps Health have made Fortune magazine's list of the 100 Best Companies to Work For.
Monday, January 21
The Navy's top admiral, barely 100 days into the job, toured the General Dynamics Nassco shipyard on Jan. 12 during a trip that took him to similar yards across the country.
Ralph Whitworth, principal for Del Mar's Relational Investors, a $7 billion investment fund, thinks a lot of corporate board members aren't conducting sufficient oversight, especially when it comes to his communicating to the public.
Cruzan | Monroe has sold 5935 Darwin Court, a 52,260-square-foot building in Carlsbad, to RF Darwin LP for $15.25 million. And other sales and leases.
The U.S. Department of Defense has introduced CliniComp International Inc.'s clinician documentation system to a medical center in Germany that treats soldiers transferred from Iraq and Afghanistan.
San Diego-based Veralliance Properties Inc. has begun the year in a strong position with the acquisition of the Neurocrine Biosciences Campus in Del Mar Heights for $109 million.
After 31 years of experience as a general contractor, David Shields drafted plans for another business. He distributes prefabricated panel systems made of unusual materials, for commercial and residential construction.
An evolution is taking place at Sequel Pharmaceuticals, a cardiovascular drug company spun out of NovaCardia, and, once again, Chief Executive Randy Woods finds himself at the helm of change.
It's the lasting effects of the Baldrige award that make it so desirable.
Trade Winds: It seems unfair that a major daily with the guts to take down a congressman has downsized, downsized and downsized again in little more than a year.
Entrepreneurs Jeff Horowitz and Coley Dale believe in looking good on one's own terms at a reasonable price. The friends, both 26, launched DressMonkey.com, an online custom clothing company for men, in January 2006 after working in Shanghai for three yea
Sanyo Electric Co. Ltd. said Jan. 21 it has struck a deal to sell its mobile phone business, including its CDMA business, to Kyocera Corp. for an estimated $375 million in cash. The deal takes effect April 1.
Increased costs for medical school and consequent debt have put incoming doctors in a position to choose specialties that yield traditional hours and higher pay.
Santee once lost 38 percent of its residents' taxable business to neighboring cities, but has managed to close that gap by building more retail space.
Starting out in the sales industry, Dana Korey became inspired to start Away With Clutter Inc. when she saw how disorganized people were.
While some health care organizations continue to struggle both financially and organizationally, Sharp HealthCare exemplifies how a health care system, and a business, can achieve enough success to be recognized by the White House.
Progress Report: Design is under way for the 18,500-square-foot remodel within Qualcomm Inc.'s seven-story research and development building in Sorrento Mesa.
Despite all the excitement and good will that come with fielding a successful football team, the Chargers are a long way from getting a new home.
Leading off this week's compilation of news from around San Diego County: Seaside Papery has opened a second location in Encinitas.
It's a beautiful life for acupuncturist Greg Bourque.
Darren Caris, chairman and chief executive officer of Caris & Co. Inc., an investment bank focused on the health care, energy, technology and consumer sectors, boasts more than 15 years in the industry.
Web Editor Brad Graves provides highlights from the Jan. 21, 2008 issue of the San Diego Business Journal.
With national homebuilder Lennar Corp. building million-dollar homes atop Santee in Sky Ranch, it seems fitting for the city to welcome its first Class A office development.
The Better Business Bureau presented its Torch Award, which recognizes marketplace ethics, to home remodeler Dream Design Builders in Rancho Bernardo.
Mayor Sanders Is Going to Be Tough to Beat in 2008
Ethertronics Inc., which specializes in antennas for wireless devices, said Jan. 21 that it acquired Flextronics' design center in Kalmar, Sweden.
Shares of Cadence Pharmaceuticals Inc. fell to an all-time low Jan. 11 following news that one of the company's lead drugs failed to meet its primary endpoint in a late-stage clinical trial.
Friday, January 18
The Center on Policy Initiatives, a local research and policy advocacy group funded by private foundations, said Jan. 18 that the latest state unemployment report proves that the San Diego economy is creating more lower-wage retail jobs.
San Diego County's unemployment rate for December increased by a tenth of a point to 4.9 percent, breaking a five-month holding pattern at 4.8 percent.
Thursday, January 17
Wireless technology company Qualcomm Inc. said Jan. 16 that it has promoted or reassigned some of its top executives.
Executives with Solera Holdings Inc., a San Diego-based software firm serving the auto insurance industry, got to ring the opening bell at the New York Stock Exchange trading floor Jan. 17.
Qualcomm Inc. said Jan. 16 that it will pay a dividend of 14 cents per share, unchanged from last quarter.
An independent oversight committee with the state's stem cell agency approved a measure Jan. 17 that will provide additional grant money to 14 young scientists pursuing stem cell research.
San Diego City Councilman Brian Maienschein, who is in his second and final term representing the 5th District that includes Carmel Valley and Rancho Bernardo, has decided to run for the city attorney's job now held by Michael Aguirre, Maienschein's offic
Wednesday, January 16
The San Diego Better Business Bureau has issued a consumer alert to Chargers football fans who want to go to Massachusetts for Sunday's game against the New England Patriots.
Charlotte Russe Holding Inc. said Jan. 16 that same-store sales had increased 1.5 percent, and that net sales for the first quarter were $238.2 million, up from $209.2 million in the same quarter one year ago.
Gary Lenz, a former president and chief operating officer of San Diego-based Peregrine Systems Inc., pleaded guilty to a single count of making a false material statement involving his role in an accounting fraud that led to the software company's failure
Tuesday, January 15
BAE Systems plc, a major defense contractor in San Diego, said Jan. 15 that it was awarded a $31 million contract for ship repair and upgrades to the USS Bunker Hill, a U.S. Navy guided missile cruiser.
Milwaukee-based Metavante Technologies Inc. plans to buy BenSoft Inc., a San Diego company employing 13 people, the companies announced Jan. 15.
Monday, January 14
Tamara DeHaan-Phelps has purchased an 851-square-foot office condominium located at 444 W. C St., Suite 350, in downtown San Diego from Columbia Court Investors LLC for $357,420. And other sales and leases.
As an unqualified economist but a person who is a big observer of the economic trends in North County, I project that 2008 will be slightly better than 2007.
To deal with a growing number of surgeries, the UC San Diego Medical Center is partnering with an Alabama-based provider of specialty surgical services at a La Jolla facility near the UCSD campus.
Progress Report: Construction is under way for the renovation of the Callaway Golf Corporate Headquarters in the Carlsbad Research Center at 2180 Rutherford Road.
Preparing your own tax returns for the Internal Revenue Service or the state Franchise Tax Board is like trying to change the oil in your car , "dirty, messy and inconvenient." At least, that's the opinion of John Hewitt, chief executive officer of Libert
Packed as it is with a preponderance of smaller companies, the San Diego Business Journal Index of 91 public companies didn't fare too badly last year, sustaining a 3 percent decline in 2007.
Businessman Steve Francis will announce his formal candidacy for mayor of San Diego on Jan. 15, according to a Jan. 14 press statement.
With the U.S. Open slated to begin at Torrey Pines Golf Course in La Jolla five months from now, Jay Rains is giving himself a reality check.
It's taken about a decade, but the first steps in a plan to renovate San Diego's downtown waterfront are happening. Last week, the San Diego Unified Port District approved two projects at the epicenter of the city's Embarcadero.
Taxpayers are becoming more willing to beam their tax returns to the IRS electronically. Just ask the post office.
Labor Pact Helps the Few at the Expense of the Many
Leading off this week's compilation of news from around San Diego County: Stone Brewing Co. announced plans Dec. 28 to add a 50,000-square-foot building to its campus, bringing its total to more than 100,000 square feet.
Starting from scratch, Oscar Tejedo and his wife, Rosa, have turned their nine-person business into a $750,000 a year enterprise.
Three millimeters is the depth of three credit cards stacked together in a wallet. It is also the depth of a flat-screen TV that Sony Electronics Inc. showed off last week at the 2008 International CES, also known as the Consumer Electronics Show, in Las
Almost six months after Pfizer Inc. announced the first occupant of its La Jolla incubator, the pharmaceutical giant welcomed two new occupants and said last week that it will expand the program into the Bay Area and Boston.
If a plum international client win by independent advertising agency NYCA is any indication, small is better. NYCA, an Encinitas-based firm owned by Michael Mark, announced Jan. 3 that it has landed the adidas Golf account.
Construction is nearly complete on a highly anticipated mixed-use project in southeast San Diego.
The Cirque du Soleil likes San Diego. One reason is strong ticket sales, according to Heather Riley, general manager for Cirque du Soleil's Corteo.
It's that time of year when movie critics feel compelled to list their 10 favorites for the recent year, many of which I haven't seen and some I'd not heard of before.
A New York-based private equity firm, Falconhead Capital LLC, said last week that it has acquired three local companies engaged in "endurance" sporting events and publishing and combined them to form one company, Competitor Group Inc., based in San Diego.
GDC Construction Inc. President George Dewhurst's family has been in the San Diego construction business for generations, starting when his great-grandfather settled in La Jolla in 1929.
A new bank being organized in National City may be close to getting its charter approved, allowing it to begin raising capital.
The year-end results are in and median sales prices for homes are down way down.
On the heels of a decision to lay off 130 employees as part of a major restructuring effort, Neurocrine Biosciences Inc. said Jan. 14 that Chief Executive and President Gary Lyons resigned and will be replaced by Chief Operating Officer Kevin Gorman.
The International Community Foundation was gifted the home of John and Christy Walton in National City, where ICF will establish a center for cross-border philanthropy.
Friday, January 11
Erik Stover, general manager for Qualcomm Stadium, is resigning from his job effective at the end of February to take the same job at Red Bull Park, a soccer-only stadium under construction in Harrison, N.J., he said Jan. 11.
French pharmaceutical company Ipsen will pay the Salk Institute for Biological Studies $10 million in the next three to five years to support key research initiatives that could boost the drug company's pipeline.
Thursday, January 10
Shares in WD-40 Co. traded lower on Jan. 10 in the wake of the company's earnings news the previous evening.
Legoland California Dec. 10 reported attendance of 1.6 million for 2007, which was flat with 2006, a record year.
The Marines are erecting the first large-scale wind turbine at its logistics base in Barstow, said the San Diego-based Navy unit that oversees design and construction of public works projects on Jan. 8.
Z57 Inc., a San Diego-based Internet marketing firm working mainly with real estate brokerages, said Jan. 9 it has struck a partnership with property listings firm Homescape to boost the listings of its agents and brokers.
Shares of Illumina Inc. closed nearly 16 percent higher on Jan. 10, following a pre-dawn announcement that the company had settled its patent dispute with Santa Clara-based Affymetrix Inc.
The Security Network presents the Regional Intermodal Transportation Security Conference Jan. 17.
Wednesday, January 9
Sempra Energy, the San Diego-based energy services corporation, said Jan. 9 it is proposing the construction of a marine petroleum terminal and storage facility at Port Arthur, Texas.
Orlando, Fla.-based Wyndham Vacation Ownership, a Wyndham Worldwide company, this month announced the opening of the 167-unit WorldMark Mission Valley, its third time-share resort in San Diego.
The San Diego Padres are hosting two job fairs to fill jobs at Petco Park this season. The final job fair is on Tuesday, Jan. 15, from 3 to 7 p.m.
Tuesday, January 8
Mayor Jerry Sanders named two new executives to his management team Jan. 7. Mary Lewis takes over as the city's chief financial officer, and Elmer Heap was appointed to deputy chief operating officer.
SAIC, also known as Science Applications International Corp., said Jan. 8 that it received a NASA contract potentially worth $46 million over five years.
American Technology Corp., a San Diego provider of directed sound products, reported Jan. 8 that it had a net loss of $5.6 million on revenue of $9.9 million for its 2007 fiscal year, which ended Sept. 30.
Carlsbad-based Isis Pharmaceuticals Inc. and Genzyme Corp. announced a major partnership Jan. 7 that will give Genzyme rights to develop and commercialize Isis' cholesterol drug mipomersen.
Monday, January 7
A talk with Bob Cerasoli and Mike Stafford, principals of CerasoliStafford Media Management.
The changing at the top for some companies can be tricky, but for Mitchell International, the longtime San Diego software firm, the transition that began two years ago takes hold.
One of the more decadent features offered by San Diego's newest lineup of not-your-mother's hotels , the Keating, the Ivy and the Hard Rock , is see-through bathrooms and shower stalls.
The San Diego Chargers made some progress last year in their quest to find a site for a state-of-the-art football stadium, narrowing their search to two sites in Chula Vista.
A group called the Build the Bayfront Coalition rallied behind the proposed Lane Field development project during a news conference Jan. 7.
Andy Vonstauffenberg was working as a chef in Austria when he decided six years ago to switch gears, immigrate to the United States and, eventually, join the Navy. Now, the 25-year-old San Diegan is again reinventing himself.
Progress Report: Ground has been broken on the California Collection at Eastlake. The project consists of office condominiums ranging in size from 800 square feet to 2,000 square feet.
Discovery Bancorp Interim President Joe Carona has the experience but no interest in the vacant chief executive position created when former CEO Jim Kelley abruptly resigned in early December.
Agate & Wilbur LLC has purchased the 10-unit Cardinal Apartments, located at 935 Agate St. in Pacific Beach, from U.S. Bank, Trustee for $1.85 million. And other sales and leases.
Qualcomm Inc. was named to the BCA Ten: Best Companies Supporting the Arts in America, sponsored by the Business Committee for the Arts and Forbes Magazine.
Ribomed Biotechnologies Inc., a privately held Phoenix firm that, for the past five years, has operated under U.S. government contracts to develop tests capable of detecting harmful substances in the environment and food supply, is returning to its roots.
Recession? What recession? If Rip Van Winkle had awakened to all the revelry conducted in San Diego on New Year's Eve, he wouldn't have had a clue that hard times may be looming on the economic forefront.
Leading off this week's compilation of news from around San Diego County: The city of San Marcos has teamed up with Palomar College to sponsor a Community Emergency Response Team program, offering training in basic disaster response skills.
A talk with Leon Natker, general director of Lyric Opera San Diego.
Cutting Down on the Lust, Raising the Caution Flag
The forecast for tourism this year by the San Diego Convention & Visitors Bureau, the agency charged with telling the county's story to the traveling public, is a mixed bag.
Despite recession fears, sources in local advertising and marketing industries expect that clients' budgets will remain flat this year compared to last. However, caution is the byword.
Companies on the forefront of technology generally invest during downturns in the market because when the upturns come they can seize the opportunities. At least that's Ed Brown's M.O. Brown is president of San Diego-based Cymer Inc.
Despite some uncertainty about the economy, life is not coming to a standstill in downtown San Diego. "Developers are still going through the pipeline to get their approvals and entitlements," said Nancy Graham of the Centre City Development Corp.
For Greg Garrabrants, chief executive officer of San Diego-based Bank of Internet USA, now is a good time to be selective with assets.
ResMed Inc., a Poway-based maker of devices that help people who have sleep disorders, welcomed Kiernan Gallahue as the company's new president and chief executive Jan. 1.
San Diego-based Vistage, which recently celebrated its 50th anniversary, has become the world's leading chief executive organization.
Hot Air Blowing Around Lindbergh Field Plan Update
Jorge L. Hirmas was earning a six-figure salary at Unisys Corp. when he decided to take early retirement and become a teacher. His inspiration: Juan Necochea, a professor at Cal State San Marcos' College of Education.
Friday, January 4
Mad Catz Interactive Inc. has entered into a multiyear license with Cambridge, Mass.-based Harmonix Music Systems and the MTV Networks division of Viacom International to produce peripherals for the "Rock Band" video game.
Illumina Inc., a maker of tools and services for genetic research, announced plans Jan. 4 to create two new divisions as part of the company's continued growth efforts.
Teledyne Technologies Inc., a $1.5 billion electronic components company based in Thousand Oaks, said Jan. 2 that it completed the acquisition of San Diego-based Impulse Enterprise Instruments.
Thursday, January 3
Richard Ulevitch, a prominent researcher who led The Scripps Research Institute's immunology department for 13 years, said Jan. 3 he will retire to join Menlo Park venture capital firm 5AM Ventures.
The pension fund for some 35,000 current, retired and former workers for San Diego County received an AAA credit rating from Standard & Poor's Ratings Services, the fund announced Jan. 3.
NextWave Wireless Inc., a San Diego-based maker of semiconductors and software for mobile devices and networks, said Jan. 3 it is splitting into two business units.
The Active Network Inc. said Jan. 3 that it has acquired RegOnline and WingateWeb, two companies specializing in software for meetings and events registration.
Wednesday, January 2
ResMed Inc., a Poway-based maker of devices that help people who have sleep disorders, welcomed Kiernan Gallahue as the company's new president and chief executive Jan. 1.
SAIC founder Bob Beyster is in line to receive the Horatio Alger Award.
Kratos Defense and Security Solutions Inc., formerly called Wireless Facilities Inc., said Jan. 2 that it completed a $90 million acquisition of Haverstick Consulting Inc., a defense contractor based in Indianapolis.
Qualcomm Inc. said on Jan. 2 that it has put out four new models of mobile phone chips, designed to comply with an injunction issued by a federal judge on Dec. 31.
Willis Allen Real Estate said Jan. 2 that it has opened its eighth office, in Santaluz.