Stories for February 2009
Friday, February 27
Aethercomm, a local technology company, purchased an industrial building in Carlsbad for $7.3 million.
Web Editor Brad Graves provides highlights from the current issue of the San Diego Business Journal. Or listen to archived podcasts going back to January 2007.
The county employees pension fund is trying to retrieve $78 million from a Connecticut-based investment fund run by two managers that were arrested by the Federal Bureau of Investigation.
The Del Mar Thoroughbred Club said Feb. 27 that it is considering shortening its 2009 racing season.
The FDA has rejected an application by San Diego-based Somaxon Pharmaceuticals to approve its insomnia drug.
Executives with San Diego's Cubic Corp. will ring the opening bell at the New York Stock Exchange March 5 to commemorate the company's 50th anniversary as a public company.
Thursday, February 26
Researchers at The Scripps Research Institute in La Jolla say they, too, have discovered an antibody that appears to target the Achilles' heel of a wide range of influenza viruses, including bird flu and other deadly strains.
San Diego-based health care staffing company AMN Healthcare Services said Feb. 25 it will reduce its work force by 10 percent, or about 190 jobs, as part of a restructuring of its travel nurse staffing division.
Construction crews have unearthed the remains of a second prehistoric creature at the future site of the Thomas Jefferson School of Law in downtown's East Village, according to law school officials.
Encinitas-based Verve Wireless has partnered with AccuWeather.com to give Verve customers access to localized weather information.
An index measuring San Diego's economic health shows the patient getting worse, and little sign of a quick recovery.
Wednesday, February 25
DJO, the Vista maker of orthopedics and other medical devices, reported nearly doubling its sales last year to $980 million, mainly from its merger with Reable Therapeutics, the firm said Feb. 25.
Tuesday, February 24
Optimer Pharmaceuticals said Feb. 24 that its experimental drug aimed at treating traveler's diarrhea outperformed a placebo in a second late-stage pivotal trial.
Sempra Energy reported Feb. 24 it had net income of $1.11 billion, or $4.43 per diluted share, up 6.5 percent from 2007 net income of $1.10 billion or $4.16 per diluted share.
A 12-unit apartment property in Normal Heights sold for $1.32 million. The sale was announced Feb. 24.
Monday, February 23
Local community banks receiving federal funds through Washington's controversial Troubled Asset Relief Program say they are making loans, but agree the economy has shrunk the pool of borrowers.
The county treasurer-tax collector plans to host a live real estate auction Feb. 25 to collect $335,100 in back taxes on 151 properties.
A conversation with Jenni Prisk, president and founder of Voices of Women.
How much free booze does it take to lure customers into bars these days?
Among the many economic concerns faced by the Obama administration, health care costs remain a complex issue. There are few easy, proven answers.
As layoffs continue in every sector of the economy, an increasing number of business professionals are turning to coaches and consultants to fine tune resumes, practice interviewing skills and get an edge in a challenging job market.
I'd like to begin my column with a riddle. If you are a success-driven person, then read on.
Two of North County's three public hospital districts have opened up discussions of collaborating in hopes of saving money.
Fresh Start Surgical Gifts won in the nonprofit category and United Through Reading was named a finalist in the Better Business Bureau's annual Torch Awards.
Well, times are tough, and many of us are out looking for work, or worrying about our next job.
One of my top priorities on the San Diego City Council will be to foster a jobs-friendly environment.
The U.S. Small Business Administration and CDC Small Business Finance, its local partner lender for commercial property loans, are jumping on the "green" bandwagon by doubling the maximum lending amounts for those mortgages that benefit the environment.
According to Rubicon Consulting, word-of-mouth advertising is still king when it comes to information sources that influence purchasing decisions. Yet recent studies show that online reviews are in second place.
Leading off this week's compilation of news from around San Diego County: Amid discussions of dropping some operations, Phoenix Footwear Group CEO Cathy Taylor and Chief Financial Officer Doug Ford stepped down from their positions.
Corporate wellness programs , including fitness, stress release and nutrition education , are giving employees the opportunity to enjoy the healthier side of life and likewise improve workplace productivity.
Family owned and operated Ahern Insurance Brokerage is a modest firm of 31 employees that's growing its national client base of 2,600 law firms.
California Insurance Commissioner Steve Poizner suspended the brokerage license of Westland Insurance Brokers and prohibited owner James Sim from engaging in the sale of insurance, allegedly because he took premium funds for his personal use.
Real estate mogul Donald Trump recently pulled his name from the luxury condotel project in Tijuana at the same time that he stepped down from the board of Trump Entertainment Resorts and filed for bankruptcy a third time.
Imperial Capital Bank, based in San Diego and with $4 billion in assets, said it entered into a cease and desist order with state and federal regulators to take a number of actions aimed at improving the bank's condition.
Optimer is developing late-stage drugs to combat Clostridium difficile, a drug-resistant "superbug" known to wreak havoc on a patient's gastrointestinal tract, and traveler's diarrhea.
Tuyen Huynh and Thanh Du Nguyen, doing business as Loving Hut restaurant, leased 1,750 square feet of retail space located at 1905 El Cajon Boulevard in San Diego.
Vical's experimental pandemic bird flu vaccine, Vaxfectin, was safe and effective in an early stage human study, the local biotech reported Feb. 13.
You didn't hear it at the Oscars, but California scored a red carpet victory of its own recently.
Coinciding with an international technology conference Feb. 16-19 in Barcelona, Spain, Qualcomm rolled out several announcements on new wireless products and agreements.
San Diego employers are cornered into making distressing decisions between providing health care benefits to workers and staying in business during a recession, say experts.
A team of researchers, including scientists from the Burnham Institute for Medical Research, said they have discovered a novel approach to combating the H5N1 bird flu and other strains.
Flat as a griddle. That's how Jack in the Box executives describe the road ahead.
At a time when many biotechs are scraping for cash, one local startup is preparing to enter the clinic with $22.5 million raised.
Numerous residential developers are expanding their business to include asset management services to landowners, banks, investors and receivers, as home sales have slowed.
The nonprofit Gemological Institute of America said Feb. 21 that it would pare its U.S. work force by 9 percent. That includes 71 jobs at its Carlsbad headquarters and 32 at its New York offices.
Arlene Lieberman is a principal with Barney & Barney, a privately held insurance brokerage founded in 1909.
Dan Mogin is managing attorney for The Mogin Law Firm, which represents entrepreneurial businesses, consumers and investors in antitrust, consumer protection, investment and other types of complex business litigation.
Early 2009 may seem like an inopportune time to start a business, but a threesome of friends in January launched a product development firm to help businesses improve their online presence and strategy.
Friday, February 20
Prevost Construction has completed a multimillion-dollar construction project on University Science Center, a facility owned by BioMed Realty Trust located at 3545 John Hopkins Court in Torrey Pines.
Vermont-based solar power installer groSolar has entered into an agreement to purchase the residential unit of Borrego Solar Systems of El Cajon, the companies said Feb. 18.
Retail real estate giant Westfield will cut operating hours at nearly all of its 55 U.S. shopping centers including six in San Diego County as a result of weakened consumer demand and foot traffic.
Pacific Office Properties Trust Inc. which acquires and operates West Coast office buildings, reported a loss in its fourth quarter.
Temecula Valley Bank has agreed to a cease and desist order with federal and state regulators to take corrective actions regarding its operations, the bank's parent firm announced Feb. 18.
Sempra Energy, a utility and energy services company, said Feb. 20 that it increased its annual dividend 11 percent to $1.56.
The Centre City Development Corp. said Feb. 19 that it laid off two executives.
Thursday, February 19
Albertsons said it's closing two stores in the San Diego region in Chula Vista and Encinitas Feb. 20 as part of a reorganization that began earlier this year.
Energy giant British Petroleum said Feb. 18 it plans to extend its existing partnership with Massachusetts-based biofuels company Verenium to develop what would become the world's largest commercial facility to use inedible plants for the production of bi
La Jolla Pharmaceutical indicated Feb. 19 it would undergo a major staff reduction as it deals with the aftermath of its failed experimental lupus drug.
A San Diego man who sold thousands of altered and misbranded medical devices claiming to treat an array of illnesses ranging from AIDS to ulcers was found guilty by a federal jury Feb. 17.
Kelly Capital, a San Diego private investment firm, said Feb. 19 it agreed to acquire car painter and collision repair company Earl Scheib for $8 million in cash.
Wednesday, February 18
Eight San Diego companies ventured into Orange County for the annual Roth Capital Partners investment conference, which attracted 1,800 investors and analysts.
Cadence Pharmaceuticals, the San Diego-based biotech developing a topical gel to protect against hospital-acquired infections, entered an agreement to raise $86.6 million through a private stock placement, it said Feb. 17.
The county treasurer and tax collector will host a live real estate auction Feb. 25 to collect $335,100 in back taxes on 151 properties.
Royale Energy, a San Diego developer of oil and natural gas wells in Western states, said Feb. 18 it was suspending a stock tender effort to acquire part of Aspen Exploration, a Denver-based energy firm.
Tuesday, February 17
California Community Bank, based in Escondido and with four offices, reported fourth quarter net income of $112,000, compared to $105,000 for the like quarter of 2007.
Strange bedfellows a recession makes. Former court foes Qualcomm and Nokia announced a partnership Feb. 17 to jointly develop smart phones for the North American market.
Doug Manchester has lowered the asking price for his La Jolla oceanfront mansion.
Leap Wireless International said Feb. 17 that it is rolling out its Cricket cell phone service and associated retail operations in Chicago and surrounding regions.
San Diego's General Dynamics Nassco, the last major shipbuilder on the West Coast, was awarded a new design contract from the Navy for a mobile landing ship, the company said Feb. 17.
Monday, February 16
Craig Hunsaker is managing partner of the San Diego office of Mintz Levin Cohn Ferris Glovsky and Popeo, which is staffed with 32 lawyers locally.
Coinciding with an international technology conference in Barcelona, Spain, Qualcomm rolled out several announcements on new wireless products and agreements.
Realty Income, a real estate investment trust, is under new leadership.
A Thomas Jefferson School of Law construction site that yielded up a 500,000-year-old mammoth skull and two tusks has people talking. However, it's not the only place in downtown San Diego where a person can take an unexpected detour back through time.
When the owners of Pegasus Building Services decided to retire, instead of selling the business, they set up an employee stock ownership plan, or ESOP, which took effect last month.
Adopting a project labor agreement would mean more than setting standards for contractors vying for work to be paid for under San Diego city schools' $2.1 billion bond measure, approved Nov. 4.
San Diego's largest bank measured by assets, California Bank & Trust, got larger Feb. 6 when it took over most of the assets of failed Alliance Bank in Culver City.
Jerrilyn Malana is an attorney at the downtown office of Littler Mendelson, a national law firm with more than 750 attorneys at 46 locations, according to the firm's Web site.
In a little more than a month, Ferring Pharmaceuticals will introduce a new treatment for advanced prostate cancer.
As unlikely as it sounds, Feeding America San Diego, which was founded by some disgruntled ex-board members of the once scandal-tainted San Diego Food Bank, could realign with or possibly even merge with the other agency.
The San Diego County Bar Foundation, charitable branch of the county Bar Association, is awarding $112,500 to 11 local nonprofits.
With hundreds of condominiums on the market downtown, developers and resellers are getting aggressive in their sales efforts, including lowering their prices and offering other incentives.
First came algae, revered for its oily makeup and natural ability to prosper in brackish water, which spawned a handful of San Diego companies dedicated to turning it into the next commercial biofuel. Now, another robust, long-lived organism has potential
Well, our opening bit of news is based on a walk on the wild side. In fact, a very, very long walk on the wild side.
A San Diego startup is borrowing a page from Netflix by loaning toys for monthly subscriptions.
A high-end women's clothier, Donna Marsh, is going out of business a little more than a year after opening on Fay Avenue in La Jolla.
Leading off this week's compilation of news from around San Diego County: A local builder that made national headlines last year by giving away a condo with every estate home sold is having trouble paying its bills.
Final architectural designs are complete and construction is now under way at Pacific Station, a $40 million mixed-use redevelopment project along Highway 101 in downtown Encinitas.
I read the other day that sales at Chrysler were off 55 percent for the month of January. There's nothing surprising about that bit of news. But what was amazing was that the ailing automaker had a 151-day supply of new cars jamming factory parking lots a
Despite the downturn, the county's largest chambers of commerce have experienced only minor declines in membership.
Stewart Duncan is the founder of Thinkbig Media, a public relations firm with an office located in downtown San Diego.
Patent attorney James Cleary was riding in a limousine with a group of snowboarding pros when he had an epiphany.
Construction crews unearthed the bones of an Ice Age Columbian mammoth at the future site of the Thomas Jefferson School of Law.
McClellan-Palomar Airport Terminal Expansion
The McGrath Family YMCA will receive $1.25 million from the Sycuan Band of the Kumeyaay Nation for its building project in the Rancho San Diego area.
Consumers in the market to buy cars, computers or practically anything can turn to a plethora of resources to find the best deal. But when it comes to 401(k) plans, workplace retirement savings plans for employees that have supplanted pensions, there's a
Yes, Virginia, some businesses are actually doing better than a year ago.
Bill Hoffman, who heads Trigild, which specializes in distressed property management, mainly for lenders, says hotels are rapidly becoming a bigger part of his business.
Service-now.com, an information technology support company in Solana Beach, said it has generated $20 million in revenues in fiscal year 2009, which ends July 1, following a record first half.
According to the San Diego Association of Governments, the region's planning agency, an estimated $7.4 billion of federal infrastructure funds are being sought for our region.
Shannon Smith, successor trustee of the Franklin Down and Martha Lyman Smith Revocable Trust, purchased a 21,000-square-foot building at 692-694 Rancheros Drive in San Marcos.
Amid discussions of dropping some operations, Phoenix Footwear Group CEO Cathy Taylor and Chief Financial Officer Doug Ford stepped down from their positions.
Harvey Levine was enjoying a life of travel in the early 1970s when he decided on an extended visit to Southern California.
"That's a billion , with a B." Most news stories trying to explain the budget crisis use this phrase at least once to describe the chasm that is the state's deep financial hole.
Friday, February 13
Mad Catz Interactive, the maker of accessories for video games such as Rock Band, reported revenue for its fiscal third quarter ended Dec. 31 was $40.8 million, up 19 percent from the like quarter in 2007.
Despite major licensing deals and an FDA approval last year, Ligand Pharmaceuticals ended the year with a net loss of $98.1 million on revenues of $27.3 million because of expenses related to the purchase of New Jersey-based Pharmacopeia.
Thursday, February 12
The San Diego Convention & Visitors Bureau announced Feb. 12 that a $1.7 million budget shortfall will result in operational, program and across-the-board staff cuts.
Cymer, the San Diego maker of industrial lasers used in the microchip fabrication process, was profitable for the fourth quarter and for 2008, though sales and profits were down.
Shares of La Jolla Pharmaceutical plummeted Feb. 12 after the company said its experimental lupus drug Riquent failed to meet its goals in a late-stage study.
Wednesday, February 11
San Diego-based Leap Wireless announced Feb. 10 a new music service offered to Cricket Communications customers. Cricket's Mobile Music service operates similar to Apple's iTunes, the largest music retailer.
Escondido-based Realty Income Corp., which leases its portfolio of property to local and national retail chains, reported late Feb. 11 it had fourth quarter net income of $28.3 million on revenue of $82.7 million.
There may be no such thing as a free lunch, but Time Warner Cable is offering free movies. Well, almost.
Tuesday, February 10
Pentair Electronic Packaging, one of Poway's largest employers, is cutting 158 jobs from its local payroll as part of a consolidation that will shift many of the jobs to the company's Warwick, R.I. facility.
Being in the right place at the right time could net some lucky passers by a chance to hitch a free plane ride.
Monday, February 9
Times are tough, but the San Diego Convention & Visitors Bureau managed to open its annual breakfast meeting Jan. 29 on an optimistic note.
Although spending in defense and the life sciences industries anchor the local economy, the two are not able to help fill the vacant industrial space left behind by ambitious developers.
A research and development building in Sorrento Mesa sold for $4.95 million.
Call it Wall Street's new baby. During the worst financial crisis since the Great Depression, San Diego-based Sequenom watched as its stock shot up more than 100 percent last year to stake a claim as the region's top performer.
PowerGenix, which makes rechargeable nickel-zinc batteries, has hired former ID Analytics executive John Creelman as chief financial officer.
The early take on 2009 is a wait-and-see scenario. Waiting to see what the administration's stimulus program will look like and who or what will be included.
While a plan to redevelop a new downtown Civic Center has lain dormant for six months, it is by no means dead, city officials say.
Most sports fans, especially football fans, get rugby. After all, the game is the forerunner of what is now our national pastime, but organizers of the USA Sevens International Rugby Tournament that stops at Petco Park Feb. 14 and Feb. 15 say the event at
Who runs government? It's a question WashingtonPost.com is attempting to address with WhoRunsGov.com, a new Web site in beta format powered by MindTouch.
San Diego State University has received a $2.4 million donation to its School of Hospitality & Tourism Management from the Marriott Foundation, the largest gift to a hospitality program in the western United States. The gift will endow the school's Studen
U.S. Bank has promoted Erik Daniels to president of its Small Business Administration division from SBA division national sales manager. He has been with the financial institution for one year. The Cal State Polytechnic Pomona graduate has 17 years of ind
John Moores' sale of the San Diego Padres to a group led by former Arizona Diamondbacks CEO Jeff Moorad must bring joy to practically every die-hard Padres fan.
Smith Consulting Architects has been selected to design tenant improvements for the Veterans Association of North County's 9,250-square-foot headquarters at 1617 Mission Ave. in Oceanside.
Believe it or not, some folks are still trying to start new banks despite the downturn.
The news is not good, if you're in the news business these days.
Ryan Cos. U.S. has named Coldwell Banker Commercial its exclusive listing broker for The Towers at Bressi Ranch, a new office park in Carlsbad.
Interior designer Jennifer Adams may be the best-kept secret among San Diego's wealthiest.
Longtime McKenna Long & Aldridge Managing Partner Robert Brewer Jr. has joined the San Diego office of Jones Day, the nation's second largest law firm with about 2,300 lawyers and yearly gross revenues of more than $1.5 billion.
Steady as she goes there, all you apartment mates! The LA Times serves up a front-page story Feb. 2 on the Navy's sprawling 941-unit Pacific Beacon apartment complex at Naval Base San Diego, which will house 1,800 sailors who heretofore often chose to liv
In these penny-pinching times, it's hard to believe that San Diego ladies are still dishing out the dough every month to remove unwanted hair through the painful process of waxing , but they are.
Bill Fleck is a senior managing director at the San Diego office of Jones Lang LaSalle, a Chicago-based real estate services business.
Amid all this economic uncertainty, one thing is certain: San Diego's legal landscape is in the middle of a transformation.
Whatever change voters were seeking in November, there is no record of any mass of them calling for greater rights for lawyers to sue.
Cash Offer For Tepnel: Gen-Probe, the San Diego-based maker of test kits used to screen human blood and diagnose diseases, offered to acquire British diagnostics company Tepnel Life Sciences in an all-cash deal valued at $132.2 million.
UC San Diego's Rady School of Management has notched a first success story from it's "Lab to Market" course.
Chamber Chief Resigns After 2 Years on the Job Chamber of Commerce CEO Gary Tucker abruptly resigned, effective Feb. 6, after two years as the organization's top staff member.
Imagine the city's downtown Civic Center complex as a center of activity. Instead of dead-end streets, it would actually facilitate flow through downtown: from Barrio Logan and East Village to points west; from the south to Little Italy.
As the state budget crisis threatens to stall research and venture capitalists keep a tight grip on their investments, local leaders of the life sciences industry have stepped up efforts to keep federal dollars flowing to the region.
With bright red boxes lined up, waiting to be filled with handmade confections , some in the shape of long-stemmed roses , for St. Valentine's Day, Dave Close, the owner of the Chocolate Haus, a specialty candy shop in Pacific Beach, anticipates sales sho
Mayor Jerry Sanders' last-minute maneuver to keep alive the proposed $185 million Central Library project by incorporating a high school has extended the life of a $20 million state grant crucial to construction.
Gladstone and Westcore Properties sold Sweetwater Village in Spring Valley for $6.2 million. The 43,000-square-foot retail center is located at 3505-3515 Sweetwater Springs Blvd. The new owner, a food distribution operator, will occupy the 28,000-square-f
Than Merrill has found success investing sweat equity in East Coast real estate, and is looking to grow his business even more from his new Pacific Beach home.
Friday, February 6
Construction crews have uncovered a second tusk thought to belong to the same 500,000-year-old Columbian Mammoth discovered Feb. 4 at the future site of the $68 million Thomas Jefferson School of Law in downtown's East Village.
In the battle over who has the right to operate a couple of bistros in the Hard Rock San Diego , celebrity nightclub owner Rande Gerber who leased them, or Tarsadia Hotels that developed the hotel, Tarsadia has taken the hill , at least for now.
Thursday, February 5
MV Jean Anne, the 579-foot cargo ship carrying autos, sailed out of San Diego Feb. 5 to the Pacific Northwest on its 100th voyage.
Billionaire activist investor Carl Icahn has once again raised his stake in San Diego-based Amylin Pharmaceuticals.
1st Pacific Bancorp, parent of 1st Pacific Bank of California, cited the write-off of $10 million in goodwill on a bank acquisition and adding $9 million to reserves for problem loans as reasons for a net loss of $14.9 million last year, compared to a net
A day after expressing disappointment with a U.S. House of Representatives vote to delay the digital TV transition until June 12, Qualcomm announced a deal Feb. 5 to showcase its mobile TV technology , which is dependent on digital only broadcasts , at a
McDermott Will & Emery, a Chicago-based law firm with about 10 attorneys in San Diego, became the latest in a string of firms to issue job cutbacks in a slumping economy.
Wednesday, February 4
San Diego's economy shrunk last year by 0.4 percent, which isn't much, but it was the first time in 15 years that's happened, according to a Feb. 4 report from the National University System Institute for Policy Research.
One of the fastest growing energy companies, Borrego Solar Systems of El Cajon said Feb. 4 that it has secured $14 million in venture funding to expand into the mid-Atlantic region and support its next phase of growth.
Construction crews unearthed the tusk and skull of a mammoth thought to be about 500,000 years old at the future site of the new Thomas Jefferson School of Law, the law school said Feb. 4.
Tuesday, February 3
Sweetwater Village Shopping Center in Spring Valley sold for $6.2 million. The 43,400-square-foot shopping center on the 3500 block of Sweetwater Springs Blvd.
Shares of San Diego-based Sequenom took a hit Feb. 3 after the company revised data on its Down syndrome test showing that its results were less effective than previously thought in identifying the condition in pregnant women.
Public Broadcasting station KPBS has tabbed one of its longtime employees, Tom Karlo, to be its new general manager.
The San Diego Padres said Feb. 3 that they have entered into an agreement to sell the club to a group led by Jeff Moorad, who resigned last month as CEO of the Arizona Diamondbacks.
The international game developer THQ plans to close its San Diego wireless division and lay off 31 employees as part of a companywide restructuring that will result in a total of 100 layoffs, according to published reports.
Air Canada will introduce nonstop daily, round-trip service between San Diego and Calgary, Alberta, Canada starting May 15, the carrier announced Feb. 3.
Another investor group intends to shake up the board of directors at Amylin, the San Diego-based maker of diabetes drug Byetta.
Monday, February 2
A couple of months ago at the Grantville Stakeholders Committee we got a preview of things to come.
When it comes to lending, credit unions run a tight ship. For example, they shunned subprime mortgage lending, which caused banks to rack up record losses.
Citing poor economic conditions, San Diego-based Hollis-Eden Pharmaceuticals said Feb. 2 it will eliminate 20 employees, or about 33 percent of its work force.
After shrinking in the face of what it presciently viewed as an overheated housing market, Silvergate Bank is shifting gears, seeking to make loans and grow in size.
Two San Diego-based general contractors, DBC Construction and TSA Contracting, have merged and are operating as TSA Contracting. The businesses made the announcement Jan. 26, but did not disclose financial terms of the deal.
Hayes & Associates has named Kara Hayes Smith a partner. She earned her certified financial planner distinction in 2008 and completed her certification at Boston University. She has five years of experience in financial planning and is a graduate of UC Sa
A $3.5 million construction project has begun on a new kindergarten facility and lower school science complex at La Jolla Country Day School in La Jolla.
San Diego-based Bio-Matrix Scientific Group, a publicly held maker of disposable instruments for plastic surgeons, is branching into the stem cell storage business.
In the next few weeks, Sharp HealthCare will transfer or discharge the last remaining patients at Point Loma's Sharp Cabrillo Skilled Nursing Center as part of plans to shut down the facility by the time its lease expires April 3.
Fifty years ago, physicist-turned-novelist C.P. Snow talked about the "two cultures" of physicists and writers, and the "hostility and dislike" that divided the world's "natural scientists," its chemists, engineers, physicists and biologists, from its "li
World Trade Center San Diego relocated from its former downtown office at 1250 Sixth Ave. to a 7,500-square-foot office at Lindbergh Field, which the nonprofit says is appropriate.
Too many hotel rooms. Too few occupants. According to a forecast by PKF Hospitality Research, the slumping economy and an oversupply of hotel rooms could result in a 10 percent decline in revenue from hotel guest rooms nationwide this year.
Out and about, or here, there and everywhere ... The last time we checked in, radio talk show impresario Mark Larson was trying to settle his contractual dispute with San Diego 1700 AM.
The Torrey Pines Institute for Molecular Studies became the latest local nonprofit biomedical research organization to establish a presence in Florida with the Feb. 2 opening of a $40 million facility in Port St. Lucie.
Mission of organization: Supporting the lives of children and families through lasting relationships and ensuring that children in the foster care system are able to live with loving, stable families with as little disruption or upheaval as possible.
Toyota Escondido is looking to steer more business its way by adding a Sports Network program.
Macy's department store chain said Feb. 2 that it would cut about 4 percent of its total employee count, or 7,000 jobs, as part of an effort to save $250 million this year and $400 million annually starting in 2010.
With home prices down and distressed sales up, industry professionals have been forced to adapt to a changing market.
Torrey Pines Bank, based in Carmel Valley and with $860 million in assets, reported a net loss of $12.4 million for 2008, compared to a net profit of $3.7 million for 2007.
The San Diego Association of Governments, the region's planning agency, is ready to award millions of dollars in preapproved projects once President Obama signs the $819 billion stimulus package everyone's waiting for.
Encinitas Chamber of Commerce CEO Gary Tucker abruptly resigned, effective Feb. 6, after two years as the organization's top staff member.
Owners who purchased their properties during the real estate bubble may be able to receive relief on their property taxes.
San Marcos-based Discovery Bank held 10.6 percent of its assets in capital as of Dec. 31, meeting the 10 percent minimum to be called well-capitalized. But it still couldn't avoid getting hit with a cease and desist order from the Federal Deposit Insuranc
Restaurateur Jon Mangini has found a recipe for success in a recession.
As recently as two years ago, another boutique hotel under construction in downtown's Gaslamp Quarter would have been, well, just another boutique hotel under construction.
The San Diego Chargers is telling fans they should be concerned about the team's future in San Diego, but not because of a recent agreement with a Los Angeles marketing firm.
Despite the downturn, Airdale Brewing in Miramar has taken flight with soaring sales.
A changing of the presidential guard in the U.S. Capital has triggered a spike in gun sales in anticipation of a possible ban on buying firearms.
For those who weren't old enough or couldn't afford the fare and didn't want to hitchhike, the Woodstock Festival , the opening act, anyway , came to San Diego recently.
The 133,000-square-foot manufacturing and industrial space at 12400 Stowe Drive in Poway was sold for $15 million. DEI purchased the building and 2.59 acres of land from Hunter Douglas. Additionally, the space was leased for $6.6 million for five years to
As consumers adjust spending to their recession-era budgets, dinner out is taking a different tone. Before it was fancy drinks and steak. Now it's a trip through the salad bar at Souplantation.
Empty storefronts tell a grim tale of retail demise, with "for lease" signs cropping up on buildings countywide.
Costco Wholesale CEO Jim Sinegal has created a new endowed scholarship at San Diego State University. The Janet Sinegal Scholarship was created to honor Sinegal's wife and is in addition to the Jim and Janet Sinegal Scholarship established in 2003.
Investments, stocks, mutual funds and housing prices may be down, but bench presses, crunches and curls are still up.