Stories for May 2008
Friday, May 30
SAIC said May 29 that it received a prime contract from the U.S. Army Space and Missile Defense Command that could bring it $500 million over five years if all contract options are exercised.
Barnhart Inc. of San Diego will lead the first phase of a renovation program at Sierra Sands Unified School District, in the desert east of the Sierra Nevada in Ridgecrest. The value of the contract is $13.5 million.
Shares of Kintera Inc., a San Diego maker of software that helps nonprofits manage fundraising, skyrocketed 65 percent to $1.09 in midday trading May 30 after Kintera agreed to be acquired by Blackbaud Inc. for $46 million, or $1.12 per share, May 29.
Favrille Inc. said May 29 that it is cutting 132 of 144 employees, including all but two of its eight executives, effective June 6.
Thursday, May 29
Local residents hoping to have a little more space to spread out their towels at the beach this summer, on the theory that rising gasoline prices will keep tourists at bay, may want to rethink that notion. Or get smaller beach towels.
Two Joltin' Joe's that are operated as event centers and upscale billiard halls were put up for sale in late May.
Girard Securities, a San Diego-based independent brokerage, said May 28 it acquired Midpoint Financial, another local brokerage, for an undisclosed price.
The Pasha Group agreed to pay the federal government $13 million to settle allegations that it participated in a bid-rigging conspiracy to fix prices charged to move goods belonging to U.S. military and related personnel stationed in Europe, according to
San Diego's economic slide continued apace in April, based on the latest index of several measurements released May 29.
T-Systems International Inc., a San Diego maker of irrigation products, was acquired by John Deere Water Technologies, a unit of Deere & Co., the Moline, Ill.-based heavy equipment company said May 28.
Los Angeles-based Creators Syndicate, which features such well-read columnists as John Grey of "Men Are From Mars, Women Are From Venus" fame, said May 28 that it has struck a deal to purchase Copley News Service effective July 1.
A highly competitive National Institutes of Health grant designed to accelerate the pace of moving basic science from the laboratory to the patient will give the Scripps Translational Science Institute access to $20 million over five years.
Wednesday, May 28
The pending acquisition of the majority of Booz Allen Hamilton Inc.'s government contracting unit by the Carlyle Group, a private equity giant, won't change much for its San Diego office, says the unit's top local officer.
Wal-Mart Stores Inc. said May 28 that it will not file an application with the city of Carlsbad to build a new store there.
Provide Commerce Inc., the San Diego parent company of Proflowers and several other online retail sites, said May 27 that it acquired the assets of Red Envelope, a San Francisco online retailer, for an undisclosed price following a bankruptcy auction.
There's little doubt that chilly and drizzly weather during most of the Memorial Day weekend will result in a smaller visitor turnout than the same three-day holiday weekend last year. But April offered a ray of sunshine for local innkeepers.
Online discount real estate brokers can now enjoy unfettered access to the nation's Multiple Listing Service thanks to an antitrust lawsuit by the Department of Justice.
Tuesday, May 27
San Diego's North County has long had a reputation for being richer than the rest of the region, and a recent report by a local think tank underscores this.
Santarus Inc. said May 27 that it achieved a regulatory milestone making it eligible for a $2.5 million payment from Schering-Plough Healthcare Products Inc.
The San Diego chapter of the controversial Church of Scientology is moving its focus to La Mesa with the May 21 purchase of a Coleman College campus at 7380 Parkway Drive.
That revised, updated environmental report for the Chula Vista bay front cost the Port of San Diego about $600,000, and took about 17 months to prepare, the port said on May 27.
Monday, May 26
Shares of Temecula Valley Bancorp Inc. continued to fall last week, reaching a 52-week low of $6.50 on May 21 and continuing a gradual decline that began in March. The stock opened the year above $11, and a year ago was around $20.
Sales and Leases: Pacific Realty Advisors, a San Diego-based real estate investment and advisory company, has acquired 1100 N. Magnolia, a 40,919-square-foot, multi-tenant industrial building in El Cajon, for $5,830,000. Ken Ruppert and Kerry Schimpf of G
With commercial property sales down 50 percent volume-wise and down 65 percent dollar-wise in the first quarter 2008 in a year-over-year comparison, the investment property game today belongs to those with cash, or euros, on the barrel, said George Graham
You know winter's over when you see the Sports Illustrated Swimsuit Edition and Cond & #233; Nast Traveler's "Hot List" issue.
The National Multiple Sclerosis Society in San Diego said $902,000 was raised at Walk MS 2008 held at Liberty Station.
A talk with Senyo Adjibolosoo, president of International Institute for Human Factor Development Inc.
At its May 15 board meeting, the North County Transit District announced the resignation of Executive Director Karen King, effective June 20.
John Rick, who worked as an engineer for his family's business, Rick Engineering, took a huge risk a decade ago by switching careers from engineer to math teacher.
Progress Report: San Diego-based RJC Architects has been awarded a $14 million contract to design a new lodging facility at Camp Pendleton.
As pump prices test new highs for regular gas, San Diego train and trolley travel is becoming a preferred alternative for more commuters looking to shave some of the expenses, and even road rage, from their daily trips.
Leading off this week's compilation of news from around San Diego County: Fax Foods, a manufacturer of replica food items for the restaurant and food distribution industries, has a new owner/president in Judy Prestininzi.
Mass transit in San Diego does not pay for itself , even in the best of economic times. Nationally speaking, the fare box recovery rate is about 50 percent for trains and light-rail transport, and 30 percent to 40 percent for buses, according to the San D
Last fall, Tom and Katie Carruthers sold their 12-year-old sailing school, but didn't stray far from water for their next venture.
The developer-owner of the downtown Park Terrace condominiums is changing stripes in the middle of the market downturn.
Palomar Pomerado Health added its moniker to a mounting number of health care providers offering quick-service, no-appointment medical care inside major retailers this month with the debut of two North County clinics housed inside Albertsons stores.
Sempra LNG said May 15 that its new liquefied natural gas terminal is now operational in Baja California, Mexico.
It may be tough times for mortgage bankers and brokers, but if you're in the financial planning sector, this could be the best of times.
With 29 issued or pending patents and a 20-year history in San Diego, JMAR Technologies Inc. is reinventing itself.
Two finalists vying to build the new Civic Center have until July 18 to come up with their best solution for redeveloping the downtown site, using whatever creative financing it takes to make it cheaper than keeping the 45-year-old complex intact.
With foreign currencies hitting record highs and fuel costs on the rise, heading to Europe becomes even more of a challenge for corporate travelers.
In the event that the high cost of filling up the gas tank might prompt would-be visitors to forgo summer vacation plans, local hotels are now offering guests a little assistance at the pump.
The most sweeping effort to reform the U.S. patent system in 50 years will have to wait a little longer.
Friday, May 23
The Port of San Diego released an updated environmental report for the Chula Vista bay front May 23 that includes detailed plans by Gaylord Entertainment to construct a 2,000-room hotel and convention center at the site.
Four real estate consultants, including two San Diego residents, have been arrested in an alleged real estate scam, authorities said May 22.
On May 22, three days after a massive explosion at the Hilton Bayfront hotel site injured 13 workers , three of them critically , an executive of Hensel Phelps Construction Co. released a statement saying it expected to complete the $350 million, 30-story
Mesa Distributing, the largest beer distributorship in San Diego, has been officially acquired by Reyes Holdings LLC, a Chicago-area firm that is among the largest privately held companies in the nation.
California existing-home sales , which include single-family, town homes, condominiums and co-ops , increased 2.5 percent on the year in April, while median prices fell 32 percent, the California Association of Realtors reported on May 23.
Thursday, May 22
Scripps Memorial and Scripps Green hospitals in La Jolla and UC San Diego medical centers were among 13 hospitals statewide cited by the California Department of Public Health for violations that caused, or were likely to cause, serious injury or death to
Union representatives and a group of San Diego janitors working in the largest office buildings in the county staged a demonstration in downtown May 22 attempting to drum up support as they continue to negotiate a new contract.
SAIC, the San Diego research and engineering firm, said May 22 it was awarded a two-year task order by the Naval Surface Warfare Center with a value of $243 million if all options are exercised.
Thursday at noon marks the highly anticipated opening of the county's first H & M; retail store at Chula Vista's Otay Ranch Town Center.
Equity Based Services, a $210 million San Diego private commercial real estate company, recently purchased the Desert Country Club Storage in Palm Desert for $6.8 million, the company said May 22.
Wednesday, May 21
KSWB-TV, which becomes Fox 5 San Diego on Aug. 1, has named veteran newscaster Rich Goldner its news director.
Intuit Inc., the parent of San Diego's TurboTax unit, reported May 20 third-quarter net income of $444 million, up from $367 million for the like quarter of 2007.
The National Academy of Engineering said May 15 that it has named Irwin M. Jacobs to a two-year term as chairman, effective July 1.
In another sign the economy is getting battered, the number of property tax delinquencies in San Diego County increased by more than 8,000 over last year's delinquent total, according to a report released May 21 by county Treasurer and Tax Collector Dan M
Kintera Inc., a San Diego maker of software to help nonprofit groups better manage their fundraising, may need to begin fundraising for itself.
Valley View Casino said it wants to add 7,000 square feet to its casino to accommodate bingo machines and to offer gamblers who don't smoke more space to play.
Tuesday, May 20
SAIC won a $20 million contract from the Space and Naval Warfare Systems Center in San Diego to provide specialized network infrastructure support for legacy systems.
A massive explosion May 19 at the Hilton San Diego Bayfront Hotel, a 1,190-room property under construction on the downtown waterfront adjacent to the San Diego Convention Center, injured 13 people, three of them critically, San Diego Fire-Rescue Departme
San Diego-based Kratos Defense & Security Solutions Inc. said May 20 that it is one of two companies that will bid on task orders under a contract with the Naval Surface Warfare Center in Crane, Ind.
A former executive with San Diego-based Provide Commerce Inc., parent of Proflowers.com, has agreed to pay more than $83,000 in fines and other penalties resulting from a company stock sale using insider information, the Securities and Exchange Commission
Monday, May 19
The National Institutes of Health has granted a researcher at the La Jolla Institute for Allergy & Immunology $7.1 million grant to fund further studies of a treatment aimed at fighting smallpox.
A talk with Cathy Richman, founder and chief executive officer of the Angels Foster Family Agency.
Westcore Properties LLC has created a subsidiary to develop regional airports in Europe, the San Diego commercial real estate investment firm said May 12.
San Diego is the top destination choice for Southern Californians during Memorial Day weekend, the Automobile Club of Southern California says.
San Diego's television stations saw a double-digit decline in revenue last year, a much steeper drop than the nation as a whole, according to a report by BIA Financial Network Inc.
Furniture and housewares retailer Ikea believes strongly in experiential marketing.
Seizing upon a sliver of positive news that April home sales outpaced the previous month, county Assessor Gregory Smith told a gathering of real estate professionals recently that he believed the housing slump was coming to an end.
A new Otay Mesa border crossing planned east of the existing entry could generate an estimated $14 billion in economic impact in the San Diego region for 10 years beginning in 2015, according to a study produced for the San Diego Regional Chamber of Comme
With gas prices continuing to rise, economic analysts are hard-pressed to point to any indications of relief.
As more homes fall into foreclosure, banks are packaging pools of foreclosed homes and wholesaling them to private equity "vulture funds" for pennies on the dollar.
In recent years some marketing and advertising strategies have been boiled down into buzz.
The automobile test drive is nothing new. But now there's a new term for it, called "experiential marketing."
Leading off this week's compilation of news from around San Diego County: Vista-based Directed Electronics Inc. said recently that Standard & Poor's and Moody's, two credit rating firms, removed the publicly traded company from their credit watch lists.
Maxwell Technologies Inc. recently reported a 38 percent rise in first-quarter revenue to $17.3 million, but sustained a net loss of $5.6 million during the period.
Waytronx Inc. of Vista said May 19 that it acquired CUI Inc., a provider of electronic components based in Tualatin, Ore., for $37.5 million.
The Thomas Jefferson School of Law says it has sold its building in Old Town, where the school has been located since 1983, to PacVentures Inc. of San Diego.
Progress Report: The San Diego Consortium for Regenerative Medicine has selected Lankford & Associates Inc. to build the organization's $115 million research facility.
Web Editor Brad Graves provides highlights from the May 19, 2008 issue of the San Diego Business Journal.
Sales of commercial property in San Diego County fell in the first three months of 2008, a decline that local brokers attribute more to the credit crunch than local market forces.
The San Diego Convention & Visitors Bureau, which painted a rosy picture for the lodging industry in its original forecast for 2008, is now painting one that's a little less rosy.
One deadline has passed, but American Property Management Corp.'s bid to buy the La Valencia Hotel and its sister resort is still alive.
Leap Wireless International Inc., a flat-rate cell phone carrier, turned in better than anticipated first-quarter results, boosting its share price back above $54 on May 9.
Stationed here for all of its life, it's only fitting that the USS Dolphin will have a permanent home at the Maritime Museum of San Diego.
In spite of the lackluster economy, most of the cities in North County are in the process of approving major improvements to their downtown cores.
San Diego-based Cubic Applications Inc., a subsidiary of Cubic Corp., recently received a U.S. Marine Corps contract with a potential value of $166 million.
Silverado Canyon Partners based in Laguna Hills has purchased Sommerset La Costa Apartments from a private investor for $11.4 million. And other sales and leases.
Capitalizing on economic uncertainty, Equity Based Services Inc. is bullish on self-storage. The San Diego-based company said May 7 that it made its fifth self-storage acquisition in three months.
Balancing State Budget Avoiding the Obvious Problem
The Associated Press, which has reporters from Iraq to Iowa, also has a behind-the-scenes ally in Encinitas, a little company that makes the news suitable for the iPhone.
When the real estate market has hit the skids, like it has these days, selling homes becomes a challenge. Despite that, the efficiency of online pitches to potential homebuyers has proved an effective tool for real estate marketers.
Student Loan Xpress, a college student lender in Carmel Valley, said it is shutting down operations and laying off 124 employees.
We locals overlook the fact that the presumptive heir to the Republican presidential nomination John McCain and his wife, Cindy, own beachfront property locally.
San Diego-based RJC Architects Inc. won a $14 million design-build competition for a new lodging facility at Marine Corps Base Camp Pendleton, the firm said May 19.
Micro Focus, a software developer and services provider with North American headquarters in Rockville, Md., opened an office in Sorrento Valley last month to accommodate growth in the San Diego area and beyond.
The latest attempt to change maritime-related uses at the Tenth Avenue Marine Terminal isn't a big surprise to Ed Plant.
At its annual dinner on June 6, the Escondido Chamber of Commerce will honor Escondido Disposal Inc. with the Large Business of the Year Award.
Pundits might argue that ignoring the estimated trillion dollars annually pumped into the U.S. economy by Hispanics would be the kiss of death for any rational thinking business.
Friday, May 16
Some of the folks who work at Lindbergh Field are offering a glimpse into the airport's daily operations through an interactive online blog called Goodwill Ambassablog.
Realty Income Corp. has expanded its credit facility for acquisitions under a new banking partnership, effective May 15.
SAIC, the San Diego research and engineering firm, said May 15 it was awarded a subcontract for about $47 million by Sensor Technologies Inc.
San Diego National Bank reported a net profit of $5.79 million in its first quarter, down 25 percent from the like quarter of 2007.
Led by a surge of 2,100 new jobs in the leisure and hospitality industry, San Diego's unemployment rate declined to 5 percent in April, from the March rate of 5.3 percent.
Thursday, May 15
One deadline has passed, but American Property Management Corp.'s bid to buy the La Valencia Hotel and its sister resort is still alive.
The best place to live in the nation is Charlotte, N.C., according to an analysis released May 15 by RelocateAmerica, a national relocation assistance company that does the ranking each year.
San Diego Tech Coast Angels, a group of wealthy investors that provide capital to technology startups, said May 13 it completed funding of a convertible note for $650,000 for a local tech firm called BrightQube.
Sempra Energy said May 15 that its liquefied natural gas terminal north of Ensenada, Mexico is ready for prime time.
The city of San Diego took a major step in returning to the municipal bond market May 15 when Standard & Poor's resumed rating the city's outstanding debt.
A group of San Diego janitors represented by the Service Employees International Union Local 1877 picketed outside the corporate offices of Gen-Probe Inc., which was holding its annual shareholders meeting May 15.
Wednesday, May 14
ViaSat Inc., a Carlsbad maker of satellite and communications equipment, reported May 13 net income of $10.5 million for the firm's fourth quarter ended March 28, up 23 percent from the like quarter in 2007.
With home prices off by 25 percent over the year in San Diego County, a greater percentage of people can afford new homes, according to an "affordability index" called HomeDex prepared by Robert Brown, a professor at Cal State San Marcos.
Tuesday, May 13
Del Sur was named Mixed Use Development of the Year by the National Association of Home Builders during its annual Green Building Awards ceremony May 11 in New Orleans.
After setting a 60-day schedule for the state to negotiate a new gaming deal with the Rincon Band of Luise & #324;o Indians, a federal judge has stopped the clock at the state's request.
Local hockey fans who have been iced out of their sport since the San Diego Gulls ceased playing in 2006 have something to cheer about with the announcement May 13 that the Gulls are returning to the area.
Monday, May 12
Besides scientists ready to debut their latest advances and venture capitalists keen on learning about investment opportunities, next month's Biotechnology Industry Organization gathering is bringing a swell of recruiters eager to attract businesses ripe
The San Diego Consortium for Regenerative Medicine moved closer to building a shared stem cell research facility May 7 with a pledge by the state stem cell agency to fund the project with $43 million.
The Asian Grand Master Appears in My Dreams Yet Again
Web Editor Brad Graves provides highlights from the May 12, 2008 issue of the San Diego Business Journal.
Leap Wireless International Inc., the San Diego parent of flat-rate cell phone carrier Cricket Communications Inc., said May 12 that it will begin offering its service in Las Vegas and surrounding communities beginning May 13.
Sharp HealthCare said April 30 that it is selling assets associated with Sharp Mission Park Medical Group to Scripps Health, and physicians employed by the group will join Scripps Mercy Medical Group.
It's not just homeowners singing the credit blues. Home builders themselves are being squeezed by lenders that are shoring up their exposure in the troubled residential housing sector by recalling loans, according to the National Association of Home Build
A just-released report by MarketPointe Realty Advisors, which tracks new-home sales, shows a continuing trend of falling home sales in the first quarter of the year, along with lower prices.
San Ysidro Health Center, a low-cost health care provider that operates four medical clinics and two dental clinics in South County, is considering a move that would give it control of three downtown community clinics.
A proposed Chula Vista electric power plant replacement that's been jammed in a slow and costly approval process since 2006 is one step closer to construction.
Leases: Harvey King Inc. has renewed its lease on 3,000 square feet of office space at 9520 Padgett Road in Mira Mesa.
Progress Report: KMA Architecture & Engineering has completed the design for a mixed-use residential project to be located at Sixth Avenue and Palm Street in San Diego.
A talk with Alberto Cort & #233;s, executive director of Mama's Kitchen
Current tax and legal regulations, as well as opportunities in the maquiladora or twin plant industry in Mexico, are among the subjects to be covered at a May 20 conference at National University's Spectrum Business Park campus in San Diego.
Westcore Properties has created a subsidiary to develop regional airports in Europe, the San Diego commercial real estate investment firm said May 12.
Loews Coronado Bay Resort's annual Surf Dog Competition was named Event of the Year by the California Hotel & Lodging Association at its recent statewide confab. The contest.
Despite competing with the world's largest medical device makers, Carlsbad-based Timely Medical Innovations is becoming so successful that it's selling products to those same manufacturers.
As a relatively new business in the competitive La Jolla spa industry, Tina Marie Wright knows the importance of lasting relationships and putting clients at ease.
Sales of apartment complexes were off in the first quarter of 2008, but rents are up, reflecting rising demand among renters who have left or opted not to enter the homeownership market, according to a recent study by the real estate services firm Cushman
In this economic era of operating lean and mean, risk aversion can overshadow the mandate to re-examine how technology can keep innovation alive and well. The San Diego Software Industry Council addresses the issue with its "Managing Innovation" symposium
Leading off this week's compilation of news from around San Diego County: Newly released city data shows that Escondido received nearly $2 million less in sales taxes for 2007 than it did in 2006.
A ruling in favor of developer Douglas Manchester's effort to build a mixed-use waterfront park on downtown Navy land has dealt a blow to the California Coastal Commission's authority to regulate this project and other private developments built on federa
The San Diego Union-Tribune axed at least one of its Web site executives and has frozen top management's salaries, according to an internal memo dated May 7 that was sent to staff members from Gene Bell, the publication's president and chief executive off
The state of California asked for too much in exchange for allowing an American Indian tribe expand its slot machine count at its North San Diego County casino, a federal judge ruled in late April.
Renovations are nearly complete on the old Wonder Bread factory in East Village, one of the projects helping to transform the neighborhood into hip, creative space.
Six Month After Fires, It's Time to Better Prepare
Don't tell Bob Adkins this isn't the best time to start up a bank in San Diego.
During testimony in Washington, D.C., last week before a subcommittee of the House Judiciary Committee, Thomas Jefferson School of Law professor Marjorie Cohn raised legal issues associated with the interrogations of Guantanamo Bay prison detainees.
Friday, May 9
San Diego Mayor Jerry Sanders gives a luncheon speech on "Making the Connection With the San Diego Small Business Community" as part of Operation Opportunity 2008. The event is May 13.
Lankford & Associates Inc. has been selected by the San Diego Consortium for Regenerative Medicine to build a $115 million stem cell research facility in La Jolla, the company said May 9.
Hillcrest Montecito of San Diego on April 30 sold a 72-unit complex, Montecito Point in Hillcrest, for $17.5 million, or $243,000 per unit, according to the broker.
Kratos Defense and Security Solutions Inc., a San Diego defense technology services contractor, reported a net loss of $1.9 million on revenue of $68.2 million for the first quarter, on May 8.
San Diego's two postseason college football games generated $41.5 million in direct and indirect spending in the region last year, according to a report released May 9 from the San Diego Bowl Game Association.
Sales of houses and condos increased significantly in April , especially among homes priced under $417,000 , according to a report released May 8 by the San Diego Association of Realtors.
Nuvasive Inc. said May 9 that it signed a definitive agreement to acquire the osteocel biologics business from Osiris Therapeutics Inc. for $35 million in cash, plus certain milestone-based payments not to exceed $50 million.
Thursday, May 8
Take heart, San Diego, it ain't as bad as it seems. That's what economic experts from UCLA Anderson Forecast are saying about the regional economy in a report released May 8.
AMN Healthcare Services Inc., a San Diego health care staffing firm, reported first-quarter net income of $9.5 million on May 7, up 16 percent from the like quarter in 2007.
The 21st annual Jack in the Box Three-on-Three Basketball Tournament happens May 17 and 18 at Crown Point Shores.
Barney & Barney, the San Diego insurance brokerage that was founded in 1909, completed its merger with Saylor & Hill, an Oakland-based brokerage, the firms said May 7.
The seven-member board of the San Diego Unified Port District voted unanimously May 6 to oppose a change in the port's master plan to permit converting the 10th Avenue Marine Terminal to a complex of hotels, restaurants, shops and a possible football stad
Wednesday, May 7
B of I Holding Inc., parent of Bank of Internet USA, which conducts all its business online, reported May 6 that it received net income of $1 million for its third quarter ended March 31, up 57 percent from the like quarter of 2007.
Solar 2008, the American Solar Energy Society's annual conference, is under way and set to continue through May 8 at Mission Valley's Town & Country Resort and Convention Center.
The first step in building a shared stem cell research facility in San Diego was taken May 7 with an announcement that the state stem cell agency will offer up $43 million to the San Diego Consortium for Regenerative Medicine.
Tuesday, May 6
Web Editor Brad Graves provides highlights from the May 5, 2008 issue of the San Diego Business Journal.
First PacTrust Bancorp Inc., parent firm of Pacific Trust Bank in Chula Vista, reported May 6 net income of $1.16 million, up by $128,000 from the like quarter in 2007.
Auspex Pharmaceuticals of Vista said May 6 that it received $13.88 million in Series B funding. The company also named a new chief executive.
Apoptos Inc., a company working on cancer-killing drugs, said May 6 that it received $28 million in Series A financing.
According to a new study by the real estate services firm Cushman & Wakefield, apartment sales were slow in the first quarter of 2008 but rents on existing units rose compared with the first three months of 2007.
Monday, May 5
Qualcomm opens Dubai office, sees profits increase.
The Carlsbad Chamber of Commerce honored teachers and their innovative work during the Outstanding Educational Program awards dinner May 2 at the La Costa Resort and Spa.
Sometime this month, your friends in Washington are going to mail you a check for $600 while raising the federal deficit by a similar amount. To some, this may seem like a good idea, but there's a better, more productive way to get America growing again.
Cricket Communications, the primary subsidiary of Leap Wireless International Inc., a San Diego flat-rate cell phone carrier, said May 5 that it is expanding its market in Texas.
Metabasis Therapeutics Inc. says it will look to find a partner to advance its experimental diabetes drug following studies that showed the therapy safe and effective in a midstage human trial.
Online resources offer small business owners access to "the free stuff," according to Debra Simpson, and everybody likes free stuff, she says.
Two Northrop contracts could yield thousands of jobs.
Martin Rascon and John Vallas met early last year while operating food concessions at the San Diego Auto Swap Meet at Qualcomm Stadium. It didn't take them long to team up to develop Martin's idea for a restaurant.
San Diego-based Visual Ventures LLC planned to launch an interactive online employment community May 1.
A study showing that the airlines' woes were worse last year than the year before is almost an understatement considering the more recent groundings of Southwest and American.
If it's May, it's shareholder meeting season, with many public companies hosting mandatory gatherings to elect directors, affirm auditors, and change how they pay top officials.
InfoSonics Corp., a San Diego company that distributes wireless handsets in Latin America, said May 5 that it secured a $45 million, two-year line of credit with Wells Fargo Century Inc.
Executives strung by 'subpoena' e-mail scam.
IoSelect Inc. has leased 6,004 square feet of office/warehouse space from Harsch Investment Properties for $316,716. The property, located at 9835 Carroll Centre Road in Mira Mesa, is leased for four years. Dean Asaro of CB Richard Ellis represented the l
With foreclosures hitting a 16-year high, demand for bank-owned homes has outstripped lenders' ability to dispose of them.
How to Look Good Politically While Improving World Health
RJC Architects, a local architecture and construction management company, has been awarded a $7.5 million contract by the U.S. Navy. The contract is for design and consulting work at various Navy and Marine Corps facilities located primarily in California
After retiring from the Navy, Sal Convento says he's still serving his country and the community as chief instructor at the United States Karate Academy at Liberty Station.
SoftWhere event seeks new path for digital arts.
For local soccer fans, the place to be June 4 is Qualcomm Stadium, when it hosts an exhibition match between Mexico and Argentina.
As Shakespeare wrote, "Parting is such sweet sorrow." Two important job switches are under way among San Diego's high-profile business leadership.
The state Fish and Game Commission has erroneously listed the gray whale population as "recovered." But that same whale, while traveling off the coast of Washington, is listed as "sensitive." When it reaches Oregon, it's considered "endangered." That make
With state and federal funds earmarked for reconstructing the state's crumbling highway system, the California Department of Transportation is poised to receive more than $6.5 billion between October 2007 and September 2008.
Skyriver Communications Inc. said April 21 that it completed the acquisition of NetHere Inc., a local Internet service provider, for an undisclosed sum. Through the acquisition, Skyriver added a large number of business customers and expanded its network
Molina Healthcare Receives Award for Medi-Cal Service Deliveries
American Wave Machines Inc. said April 28 that a Caribbean resort will incorporate its SurfStream standing wave machine into the resort's water park expansion.
Barak Obama's speech on race, some analysts predicted, would effectively end his candidacy for president.
Seniors looking to take cash from the value of their home without actually selling it or moving out are turning to reverse mortgages in growing numbers.
What's the difference between Peter Piper Pizza and Chuck E. Cheese?
Friday, May 2
Sempra Energy, a San Diego-based energy and utility holding company, reported net income of $242 million, or 92 cents per diluted share, on revenue of $3.27 billion in the first quarter.
Realty Income Corp. shares fell nearly 3 percent May 1 after the Escondido-based real estate investment trust reported lower quarterly earnings the previous afternoon and indicated business would continue to soften in 2008.
Harry Yim, a scientist who formerly worked for Invitrogen Corp., consented to a final judgment with the U.S. Securities and Exchange Commission on May 2 regarding charges of insider stock trading filed in October, the SEC said.
The public board that manages Lindbergh Field certified an environmental impact report May 1 that was done in advance of a planned, $700 million improvement project.
La Jolla's Salk Institute said May 1 that it received a $20 million grant from the Waitt Family Foundation, an entity started by Gateway Inc. co-founder Ted Waitt.
Callaway Golf Co., a Carlsbad-based maker of golf equipment, reported first-quarter net income of $39.6 million, or 61 cents per diluted share, on net sales of $366.5 million, on May 1.
Thursday, May 1
Imperial Capital Bancorp Inc., parent company of San Diego-based Imperial Capital Bank, reported net income of nearly $700,000 for the first quarter, compared to $6.7 million in net income for the like quarter of 2007.
Anonymizer Inc., a San Diego-based provider of security software founded in 1995, said May 1 it was acquired by Abraxas Corp. for an undisclosed price.
A deal announced April 30 will transfer a group of North County medical offices owned by Sharp HealthCare to Scripps Health, and physicians employed by the group will join Scripps Mercy Medical Group.
Wind Zero Group Inc. of San Diego submitted initial plans to the Imperial County government May 1 for a $100 million facility to be used for motor sports, law enforcement training and military training.