Stories for March 2009
Tuesday, March 31
An experimental obesity drug made by San Diego-based Arena Pharmaceuticals failed to impress Wall Street despite its ability to lower weight, cholesterol, triglycerides and blood pressure in patients in a late-stage clinical trial.
Well, there's one mouse that won't be visiting San Diego on a gangplank, as hoped.
TorreyPines Therapeutics will eliminate all but three employees as it seeks strategic alternatives, the company said March 31.
Monday, March 30
Now that airport officials have a configuration for the future of Lindbergh Field, they can turn their attention to a long-delayed series of improvements estimated to cost $876 million , up 25 percent from $700 million in 2008 and 35 percent from 2007.
K & L; Gates, which recently moved into San Diego after merging with Bell, Boyd & Lloyd, became the latest law firm to conduct attorney layoffs in a recession that has battered the legal industry.
Looking for green office space? Your options are limited in San Diego unless you build your own environmentally friendly and energy-efficient building.
The El Tesoro Apartments in El Cajon sold for $3.8 million, CB Richard Ellis said March 26.
Irene Stillings, director of the California Center for Sustainable Energy, is confident she's in a good position to tap money the state receives from Washington's economic stimulus package.
JPMorgan Chase, which now owns Washington Mutual Bank, opened one of its homeownership centers in La Mesa on March 25, offering assistance in an effort to stem a growing flood of mortgage defaults and foreclosures.
Double-digit vacancy rates are bringing down office lease rates.
Tom Stickel, former chairman of Coronado First Bank, resigned after the board went ahead with a plan to open a branch in downtown San Diego.
On-the-job injuries are commonplace on a working farm.
The company that built an empire selling a printer with every computer is struggling to reinvent itself as environmentally minded consumers eschew paper.
John Andonian wants to grow his way out from underneath the recession.
Perhaps some of you remember the line from the movie, "My Big Fat Greek Wedding," when the character Maria Portokalos screamed at her son Nicko, "Don't play with the food! When I was your age, we didn't have food!"
The renovation of the old Wonder Bread factory in East Village is one of the projects helping to transform the neighborhood into hip, creative space.
Carlsbad-based Life Technologies will branch into the high-tech world of anti-counterfeiting in a new deal inked with Palo Alto-based nanotechnology firm Nanosys.
Leading off this week's compilation of news from around San Diego County: Los Angeles-based Smart & Final opened its 14th store in the county March 18.
Laurie Edwards-Tate is president of At Your Home Familycare.
There is a burgeoning movement to motivate students in America to consider careers in the unlikeliest of places , the factory floor.
Sempra Energy, the San Diego-based Fortune 500 powerhouse, is a big-shouldered player here, a top-tier public company that anchors the downtown economy. Sempra was formed in 1998 and has 13,600 employees globally.
Leon Natker's wondering what's next after the curtain rises on "A Waltz Dream" at The Stephen Birch North Park Theatre on April 3.
NorthMarq Capital, a privately owned commercial real estate mortgage bank in Minneapolis, opened a new office here earlier this month. The lender will focus on multifamily lending from its local office.
Anton Zajac, president and chief executive officer of ESET, takes the saying, "the early bird catches the worm," quite seriously, catching worms, viruses, spyware, trojans, phishing and other Internet menaces before they know what hit 'em. ESET stands for
Robert Beyster, founder of area defense contractor SAIC, has committed $2 million to Rutgers University's School of Management and Labor Relations , to establish the J. Robert Beyster Professorship of Employee Ownership.
A stand-up paddleboard designed by C4 Waterman, based in Encinitas and Honolulu, Hawaii, is one of five finalists for Board of the Year by the trade group Surf Industry Manufacturers Association, or SIMA, which honors top designers, producers and retailer
Despite a $1.7 million shortfall in what it budgeted this year, the San Diego Convention & Visitors Bureau has fattened its spring marketing campaign significantly in the face of declining tourism.
Sorrento Valley's IntelliTouch Communications, which started out peddling cassette tapes that play music for callers on hold and now sells wireless speakers, has expanded its sales after launching a new guerrilla marketing strategy in November.
Charlotte Russe Holding board says an opposition slate of directors nominated by a major shareholder and potential buyer is akin to allowing foxes into the henhouse.
The drug wars becomes the media war Hugo Torres, the mayor of Rosarito Beach, recently e-mailed reporters and editors a few harsh words in a commentary about our coverage of the drug wars south of the border, and in this case, the wars are not so far so
The new month brings sales tax increases of at least 1 percent to California communities.
Officials with Qualcomm and Scripps Health announced plans March 30 for an institute dedicated to improving health care using wireless technologies.
Friday, March 27
First Pacific Bank of California reported March 26 it amended its 2008 financial results and increased its net loss for last year to $21.8 million, a change of $6.9 million.
Thursday, March 26
Entropic Communications, which makes networking chips that can connect home electronic products connected by coaxial cable, said it is cutting 55 employees or 18 percent of its work force as part of a restructuring effort.
The sale of the Padres to Jeff Moorad, the former Arizona Diamondbacks chief executive, closed today, the team announced at Petco Park March 26.
Two bistros in the Hard Rock Hotel San Diego that were formerly under the operation of celebrity nightclub owner Rande Gerber have been renamed.
A 144-unit apartment complex on Jamacha Road in El Cajon sold for $14.7 million. Hendricks & Partners announced the sale March 26.
La Jolla's Salk Institute has inked a multiyear deal with French drugmaker Sanofi-Aventis that establishes a joint program supporting cutting-edge research in the field of regenerative medicine.
San Diego-based Amylin Pharmaceuticals said March 26 it is on schedule to file for FDA approval of a once-weekly version of diabetes drug Byetta by the end of the second quarter.
The University of San Diego's Index of Leading Economic Indicators fell 2.7 percent in February, according to Alan Gin, the university economist who compiles the monthly report.
SuperShuttle International of Phoenix increased its share of the Southern California airport ground transport market with the March 25 acquisition of Express Shuttle, which operates in San Diego and Los Angeles.
Sempra Energy boosted its previous earnings forecast for 2010 in advance of an investors conference in New York, stating it expects earnings per share for that year to come in between $5 to $5.25.
Overland Storage, a maker of data backup systems, said March 26 it closed an accounts receivable agreement with FGI Finance, allowing it to borrow up to $5 million or the value of its foreign accounts receivable.
Wednesday, March 25
SAIC on March 25 reported fourth quarter net income of $120 million, up 21 percent from the like period in 2008.
The San Diego Association of Governments said March 25 it amended a set of agreements that resulted in lowering its annual borrowing costs by an estimated $5 million over the course of 20 years, or $100 million.
Tuesday, March 24
SAIC, the San Diego research and engineering firm, sold a tactical communications product unit for $5.7 million to New Jersey-based Ultralite Corp., the buyer said March 23.
Monday, March 23
Plaza del Pasado, a California State Park concession in Old Town, will be renamed Fiesta de Reyes, which in Spanish means celebration of kings, according to Chuck Ross who officially took it over on March 8 from Delaware North Corp.
In these times of financial uncertainty, community banks offering private banking services to wealthy clients, law firms and nonprofits are spending a lot of time trying to reassure clients.
After taking equipment leasing firm Five Point Capital to $100 million in revenue, its co-founders realized they needed to hire a chief executive.
McCarthy Building has topped out the exterior concrete frame for the new 402,503-square-foot, three-level parking structure and adjacent 3,200-square-foot Public Safety Office at Grossmont College, which is located at 8800 Grossmont College Drive in El Ca
Eric Armstrong said he saw the handwriting on the wall as the financial world his Carlsbad recruiting business serves began collapsing last year, forcing him to make some serious changes.
A new 402,500-square-foot, three-level parking structure and adjacent 3,200-square-foot Public Safety Office on the Grossmont College campus in El Cajon.
The Navy plans to break ground March 27 on a five-year project to update its fuel depot on Point Loma. The project will add six new fuel tanks, each with a capacity of 5.25 million gallons.
The local hospital waiting room is full of economically injured people waiting for care.
Two years after researchers from the J. Craig Venter Institute published data detailing the discovery of millions of new genes found in microscopic oceanic organisms, their namesake leader set sail last week on another two-year quest.
The March 18 announcement that The Copley Press had entered into an agreement to sell The San Diego Union-Tribune answered the big question of who would buy the city's only major metropolitan daily , Beverly Hills-based Platinum Equity.
Get your resumes updated. Sorenson Media, which pioneered video compression technology, allowing computer applications such as Apple's QuickTime and Macromedia Flash to play video, is hiring locally.
San Diego County added more hotel rooms than any other county in the state last year, and analysts say that even though development is slowing, it will start back up when the economy improves.
Rick Sturdivan, owner of Rick's Custom Framing, has been perfecting his craft for the past 30 years.
The longtime CEO and founder of Hollis-Eden Pharmaceuticals was let go last week by a special committee serving the company's board of directors, according to March 23 filings with the Securities and Exchange Commission.
While the action sports industry is reporting declining sales, Osiris Shoes says its revenues have increased.
Leading off this week's compilation of news from around San Diego County: Sonic, which calls itself the nation's largest chain of drive-in restaurants, plans to open an eatery at the corner of Mission Gorge Road and Magnolia Avenue on March 28.
The windfall from regional military contracts continues to benefit San Diego's general contractors.
While big city newspapers are busy writing their own epitaphs, a husband-and-wife entrepreneurial team is launching San Diego News Network, a news Web site using $1 million in private financing, much of it from their own pocketbooks.
Sharon Ramsey used to sell collectibles, including rock star memorabilia, on eBay, but when she saw revenue declining in the fall she decided to try her hand at Kobey's Swap Meet in Point Loma.
Biotechs, especially those in the research phase, have been hurting as funding for higher risk businesses gets scarce.
Anthony Bedford purchased a 37-unit, multifamily property at 4150 National Ave. for $1.64 million from Steve and Cindy Vorres.
On March 12, Swiss drug maker Roche agreed to buy the remaining 44 percent of Genentech it didn't already own for $46.8 billion, ending a long corporate struggle.
Having undergone a 25-year overhaul that included the reception of new nuclear fuel, the USS Carl Vinson is in Newport News, Va., and becoming a functioning aircraft carrier again. In April 2010, the ship is set to swap its home port for Naval Air Station
The Women's Division of the United Jewish Federation raised $200,000 at its 2009 Options Event, which was held Feb. 24 at the Marriott San Diego La Jolla.
Gen-Probe's board of directors elected Carl Hull as the company's next CEO, the company said March 23. Hull will take the job following the retirement of longtime leader Henry Nordhoff in May.
You may have heard about the recent cable television dust-up between "The Daily Show" host Jon Stewart, who appears on Comedy Central, and "Mad Money" manic host Jim Cramer, who appears on financial news cable channel CNBC.
When banking customers with high net worth see a continuing barrage of negative financial news coverage, they know they need to figure out with their bank how to stop the bleeding.
Pfizer has put its La Jolla Incubator building up for sale, signaling one of many changes for the nation's biggest drug maker as it seeks to trim costs in anticipation of competition for some of its best-selling drugs.
Women's Alliance Network, a networking organization, announced its countywide launch March 23.
The Carlsbad Chamber of Commerce was recognized for its efforts in improving the environment when Mayor "Bud" Lewis proclaimed March Sustainability Month.
The San Diego County Regional Airport Authority board, meeting March 23, accepted a report on the potential future redesign of Lindbergh Field that contained a variety of options.
Marine Corps Base Camp Pendleton will get a $563 million hospital to replace its current naval hospital as part of the federal government's economic stimulus plan.
What sounded like a great idea, establishing an equity fund to help small developers meet loan requirements for urban infill projects, worked four years ago but not in today's slow economy.
David Reagan is a senior vice president with City National Bank and financial adviser to business owners, high-net-worth individuals and nonprofit organizations.
The Nierenberg family and Scripps Institution of Oceanography at UC San Diego honor popular science writer Richard Dawkins on April 7 with their prestigious ninth Nierenberg Prize for Science in the Public Interest.
Friday, March 20
San Diego's unemployment rose again in February to 8.8 percent from a revised January rate of 8.7 percent, as the region lost nearly 3,000 jobs during the month.
To pay for a slew of improvement projects including street resurfacing and storm drain repairs, the city of San Diego issued $103 million in 10-year lease revenue bonds on March 19.
K & L; Gates, which recently moved into San Diego after merging with Bell, Boyd & Lloyd, became the latest law firm to issue attorney layoffs in a recession that has battered the legal industry.
Thursday, March 19
The U.S. Department of Justice filed two separate suits, including one in San Diego federal court, against the Union Pacific Railroad March 18 alleging the company failed to prevent the use of its rail cars for smuggling thousands of pounds of narcotics i
The San Diego North Chamber of Commerce said March 19 that it hired former Union-Tribune employee and head of Escondido Downtown Business Association Debra Rosen as interim CEO.
Two Wall Street bond rating agencies reaffirmed the highest ratings on $600 million in transportation improvement bonds that were issued last year, according to the San Diego Association of Governments in a statement March 19.
Information technology workers in San Diego will not be affected by Kaiser's plans to lay off 860 workers this year, according to a company spokeswoman.
Callaway Golf, which is based in Carlsbad, reached an agreement with Perry Ellis International to design, manufacture and distribute Callaway golf and sportswear apparel in the United States, Canada, Latin America and the Caribbean.
Wednesday, March 18
The Copley Press of La Jolla sold its flagship publication, The San Diego Union-Tribune, to a Beverly Hills private equity firm, Platinum Equity, for an undisclosed price.
The Copley Press Inc. has entered into an agreement to sell The San Diego Union-Tribune, the city's only major daily newspaper, for an undisclosed price to Beverly Hills-based Platinum Equity, the paper reported March 18.
Tuesday, March 17
The Viejas Band of Kumeyaay Indians will put its name on San Diego State University's sports and entertainment venue, now known as Cox Arena.
RF Industries, a maker and distributor of cables and connectors for the wireless telecom industry, reported net income of $162,000 for its first quarter ended Jan. 31, down from $182,000 for the like quarter last year.
Monday, March 16
At a time when many restaurants are pulling back on expansion plans or closing, Fox Sports Grill, a Westlake Village-based chain of upscale eateries, is opening its seventh location.
Qualcomm said March 16 that a federal judge has dismissed a recent claim brought by fellow chipmaker Broadcom in the latest development in a long-running patent lawsuit between the two companies.
Suzanne Bond is vice president and chief compliance officer of Madison Ave & #173;nue Securities.
San Diego News Network, a local news Web site, goes live with a soft launch March 17.
David Peckinpaugh faced the 2007 firestorms and the 2008 stock market crash during his time as president and CEO of the San Diego Convention & Visitors Bureau. Industry sources gave his performance mixed reviews.
Cymer said March 12 that it plans to lay off 16 percent of its work force, or 130 employees, in response to a deteriorating market for its products.
Leading off this week's compilation of news from around San Diego County: Harley-Davidson plans to hold a grand reopening of its store at 621 El Cajon Blvd. from 11 a.m. to 4 p.m. March 28.
After the U.S. State Department issued an alert in late February warning would-be travelers of the risks involved in going to Mexico, particularly Tijuana and Northern Baja, San Diego State University and other Western schools followed with their own warn
David Peckinpaugh will not renew his contract as president and CEO of the San Diego Convention & Visitors Bureau, the agency said March 16.
For readers seeking a respite from the news deluge involving the troubled economy, take a look at an example of the street theater that passes for politics here in America's Finest City.
A recital benefiting the San Diego Symphony was held at the home of Joan Jacobs and Irwin Jacobs on Feb. 25.
The troubled San Marcos financial institution Discovery Bancorp agreed March 6 to a buyout offer from CommerceWest Bank of Irvine that could be approved by regulators and shareholders by the second quarter of 2009.
Hotel Indigo: A 12-story, 210-room hotel currently under construction downtown.
With affordable rates for rooms offering a view of the ocean, the Surfer Beach Hotel in Pacific Beach has long been a favorite among college students celebrating that annual rite of passage , spring break. But revelers will be fewer in number this year, p
Home Equity Partners, an equity management firm that recently launched to buy and restructure troubled residential real estate mortgages, has opened its doors in Carlsbad.
Building 902, a 104,000-square-foot Class A office building at Liberty Station, is being constructed to meet LEED Silver certification requirements and is slated for completion this month.
Is it good that home prices have decreased? After all, by any measure housing is more affordable in San Diego than it has been in decades. Isn't that a good thing?
Dr. Andrew Viterbi, co-founder of Qualcomm, is scheduled to serve as the distinguished invited scholar for a presentation by Kyoto Prize laureate Dr. Richard Karp, a computer science professor from UC Berkeley, as part of San Diego's Kyoto Prize Symposium
A federal government decision made in 2005 is turning into a boost for San Diego today , just in time to help ease the economic slump.
High-end homes valued at $1 million or more dropped 8.3 percent in the fourth quarter from the same quarter in 2007, according to a recent home index report.
Longtime businessman Bob Rief says not all sectors are suffering equally, and that small companies in niche markets are "the mortar between the bricks" of the economy.
Scientists with the Burnham Institute for Medical Research didn't waste time last week in tearing stickers off their equipment that had long served as a reminder of the restrictions on human embryonic stem cell research.
Until recently, a program run by UC San Diego's Autism Center of Excellence could only go so far to help parents who suspected their child was at risk for the complex brain disorder.
Community HousingWorks bought a 43,000-square-foot parcel of land at 3783-3825 Florida St. in North Park for $4.9 million.
San Diego-based ID Analytics, which provides identity fraud services to commercial and government clients, has joined an 18-month academic study to better track sex offenders.
A program started by the San Diego County Bar Association will give the public a chance to seek information about legal issues from lawyers specializing in family law, real estate and foreclosures, bankruptcy, employment and immigration.
The San Diego Association of Governments said March 13 that it will recommend putting the bulk of its federal highway stimulus money in coastal North County , to widen a curving section of state Route 76.
Friday, March 13
The San Diego North Chamber of Commerce said that Michael Robinson, president and CEO, has resigned.
The Carlsbad City Council gave Legoland California the nod during a March 10 meeting to go ahead with plans to build a 250-room hotel on a portion of its parking lot.
The merger of Delta and Northwest airlines is bringing a new look to Lindbergh Field and it will result in some ground crew job losses, but how many is uncertain.
Aldila, a Poway-based golf club shaft maker, said March 12 that it finished 2008 with a net loss of $2.5 million, on net sales of $53.6 million.
Thursday, March 12
The good news is 12 percent of San Diego employers say they plan to hire more workers, while 63 percent are holding steady on the staffing during the second quarter starting in April, according to the latest Manpower Employment Outlook survey.
Cadence Pharmaceuticals said March 12 it was ending plans to develop its topical anti-infective gel Omigard after the drug failed to meet its goals in a late-stage study.
Mitchell International, a provider of software that helps auto collision shops estimate the cost of repairs, said March 11 it jointly decided to terminate its planned merger with CCC Information Services of Chicago, citing a federal court issuing a tempor
Charlotte Russe, a nationwide retailer of trendy clothing for young women and teens, said March 12 that it has put itself up for sale.
Wednesday, March 11
A 117-unit apartment complex in Escondido sold for $12.4 million. CB Richard Ellis in San Diego announced the sale of Park Terrace Apartments by Nordiego Capital Ltd. to Conrad Prebys Trust on March 11.
Paul, Hastings, Janofsky & Walker joined the ranks of law firms nationwide that have cut back on costs by eliminating lawyers.
T. B. Penick & Sons announced March 10 it was moving into space in Las Vegas to support several projects in the area including an $11 million subcontract on the $8 billion MGM Mirage CityCenter development.
Tuesday, March 10
The Coco's restaurant building on Balboa Avenue in Clairemont Mesa sold for $2.41 million.
The Korea Fair Trade Commission has issued a formal protest against Qualcomm related to its business practices, the San Diego chipmaker acknowledged after markets closed on March 10.
Monday, March 9
Aethercomm, a local technology company, purchased an industrial building in Carlsbad for $7.3 million.
In addition to launching a slew of new companies involved in real estate ventures, Doug Barnhart serves as president of The Associated General Contractors of America. A position, he says, was 14 years in the making since he first became chairman of AGC's
An Oregon company is seeking approval to build a wind farm in eastern San Diego County by the end of next year.
The Dow Jones industrial average dropped well below 7,000 on March 2, after insurer AIG announced a staggering $61 billion loss for the last quarter.
President Barack Obama lifted eight-year-old restrictions March 9 that have kept federal funds from flowing into research on human embryonic stem cells.
We know banks have been having problems, but looking at the latest report from the industry's main regulator might not be advisable for readers with heart conditions.
For local businesses using heavy machinery, 2010 could wind up being a costly year , and it's not just a lack of construction projects that has them worried.
Restaurant industry analyst Dennis Lombardi takes exception with Washington's prediction that the economy will begin to shape up in the third quarter.
At its annual shareholders meeting March 3, Qualcomm co-founder Irwin Jacobs effectively passed the baton to his son Paul, who has been CEO since his father relinquished the role in 2005.
A conversation with Jeanette Roache, president and founder of Technology Training Foundation of America.
Rather than adding hundreds of billions of dollars to the national debt to pay for our long-overdue infrastructure revival, perhaps the president and Congress should consider an alternative path.
With commercial real estate expected to slide into its worst year since the industry's crash in the early 1990s, local professional organizations are finding ways to ease their members' pain , and trying to help themselves.
The supercomputer center at UC San Diego said Feb. 25 it increased its tape-based archival storage capacity by 43 percent to 36 petabytes , or roughly the size of 1,400 plain text copies of the printed collection of the Library of Congress.
The recovery of the economy relies on a recovery in housing, believe economists.
U.S. commercial real estate investors aren't the only buyers who've cut back on their purchases. International investors, who have long eyed American assets because of the weak dollar and the growing number of attractive, but distressed properties, have a
Construction is complete on the ECR Corporate Center at 6250 and 6260 El Camino Real in Carlsbad.
The playing field is still under construction, and all the players haven't been signed. But by June, the backers of a new San Diego Sockers team hope to relaunch one of the more vaunted and successful franchises in indoor soccer history.
A new federal ruling, the Virginia Graeme Baker Pool and Spa Safety Act, which calls for improved safety equipment to prevent people from being entrapped in the drains of public swimming pools and spas, went into effect in late December.
How eager are we to get positive news these days? The first two months of 2009 have had very little positive news for us to celebrate, but that was not the case Feb. 20.
Bone fragments of a third Ice Age creature have been discovered downtown at the construction site of the planned Thomas Jefferson School of Law in the East Village.
It's tax season. And whether the economy is up or way, way down, most working Americans have to file income tax returns, which is a business model that Intuit has built TurboTax around.
For boomers who grew up here, a bumper car at Mission Beach's Belmont Park was where you learned to drive. Combined with a ride or two on the Giant Dipper roller coaster and you had about all the thrills you could cram into one day.
David Umstot is vice chancellor of facilities management for the San Diego Community College District, which consists of three two-year colleges and six Continuing Education campuses.
Leading off this week's compilation of news from around San Diego County: The Del Mar Thoroughbred Club said Feb. 27 that it is considering shortening its 2009 racing season.
Boost this summer for the ailing tourism industry? David Glanzer, Comic-Con International's spokesman, tells a source that all systems are go for another congested gathering July 23-26 at the Convention Center.
Hernando Miranda, owner of Soltierra, a one-man consulting firm based in Carlsbad, has worked on 100 green construction projects, including 50 U.S. Green Building Council-certified projects.
An online network of 1,500 newspapers, TownNews.com said March 9 it hired San Diego-based VMIX to upgrade its online video platform and generate more ad revenue.
The combination of traditional Western medicine and mind-body therapies used by other cultures for centuries has won over some previously skeptical doctors who now integrate the techniques into their practice.
A pair of big freeway projects and light-rail improvements are expected to get the lion's share of stimulus package money slated for San Diego County in the coming months.
Seacrest Village Retirement Communities hosted Let's Party on Broadway featuring Rita Moreno on Feb. 21 at the Hyatt Regency La Jolla.
Following FDA approval in May, Carmel Valley-based Novalar Pharmaceu & #173;ti & #173;cals launched its first product Feb. 27 at a national dental convention in Chicago.
For the third time in its seven years, the annual Navigating the American Carbon World conference and trade fair will be held locally , at the San Diego Marriott Hotel & Marina , April 1-3.
Bob and Peggy Eddy are co-founders of Creative Capital Management, a Mission Valley-based financial advising company.
Friday, March 6
Allegiant Air plans to add round-trip, nonstop flights between Lindbergh Field and Monterey Peninsula Airport three times a week beginning May 3.
Troubled San Marcos financial institution Discovery Bancorp has agreed to a buyout offer from CommerceWest Bank of Irvine, the institutions said March 6.
Isis Pharmaceuticals said March 6 that it increased its ownership in iCo Therapeutics.
Thursday, March 5
San Diego County's unemployment rate was 8.6 percent in January, up from a revised 7.5 percent rate in December and above the year-ago estimate of 5.1 percent, the California Employment Development Department reported March 5.
Optimer Pharmaceuticals, a San Diego-based biotech developing drugs to treat traveler's diarrhea and infections caused by antibiotic-resistant "superbugs," said March 5 that it plans to raise $32.9 million from investors who agreed to buy 3 million newly
Wednesday, March 4
California public health officials levied the maximum fine March 3 on Scripps Mercy Hospital for the preventable death of a patient at its Chula Vista campus about a year ago.
Carlsbad-based startup Regulus Therapeutics said March 4 that it has raised $20 million as part of a first round of financing.
Tuesday, March 3
Qualcomm Chairman Irwin M. Jacobs has relinquished his leadership role in the business he co-founded in 1985.
With Opening Day a month away, the San Diego Padres announced a bunch of price reductions on tickets, concessions and beer for the 2009 season.
A San Diego man pleaded guilty to debit card fraud and conspiracy to launder money March 2 in federal court, relating to a scam that resulted in the loss of $371,000, prosecutors said.
NTN Buzztime, a Carlsbad-based provider of interactive games to restaurants and bars, said March 2 that CEO Terry Bateman is leading its new management team.
Monday, March 2
Leading off this week's compilation of news from around San Diego County: The nonprofit Gemological Institute of America said Feb. 21 that it would pare its U.S. work force by 9 percent.
Home sales increased in Southern California for the seventh consecutive month in January, according to MDA DataQuick.
This city hasn't added major public facilities like the downtown ballpark or the expanded convention center without considerable controversy and occasionally lawsuits.
Tip O'Neill, legendary speaker of the House during the Reagan years, was fond of saying "All politics is local" though for years cities were clearly not a priority in Republican or Democratic controlled congresses or the White House.
More than a hundred new condo and apartment projects consisting of 11,300 units have been completed since 2001 in downtown San Diego.
Investors are acting like deer caught in the headlights, paralyzed with fear and unable to think beyond the near term, says Brent Wilsey, a Poway investment professional who's taking a much more optimistic view of the stock market.
San Diego-based T.B. Penick & Sons general contractors has completed the pre-engineered metal building and masonry phase on one of two double-bay modular hangars at the Naval Air Facility in El Centro and started work on the second hangar.
Two years ago, 100 projects were under construction or in the planning stages along the Pacific Ocean in Baja California. Now only 20 remain.
The economic stimulus package, signed into law Feb. 17, came with new protections to employees of private companies and state and local governments who blow the whistle on mismanaged stimulus funds.
San Diego employers in aerospace, finance, food production, electronic manufacturing, and temporary staffing laid off workers in recent weeks, which will certainly increase the area's jobless rate last measured at 7.4 percent.
Dr. Ramiz Naim Elias has purchased a 2,147-square-foot medical office condominium at Cabrillo Medical Center located at 7695 Cardinal Court in San Diego for $891,005.
In at least a handful of venues around San Diego, comedians are offering up funny repertoires at a time when their audiences need it most. And, it seems, everyone can relate.
Last week a key index reported that home prices in San Diego (and four other cities) have slowed in their declines.
Locals and tourists alike might be excited to learn that traffic congestion decreased 8 percent here last year.
The economic stars are still shining for green-related industries such as Maxwell Technologies, which makes devices that capture and store energy from renewable sources such as wind turbines.
San Diego State University President Stephen Weber and students who are veterans have recognized Wal-Mart Stores for a $100,000 donation to the campus Student Veterans Center.
Novalar Pharmaceuticals launched its first FDA-approved product, called OraVerse, at an annual dental meeting Feb. 27 in Chicago.
Anyone who's looked at their cell phone bills knows they're hard to decipher. So, imagine what the U.S. Postal Service, which has 40,000 mobile devices, must deal with.
Rick Mickels is president of American Relocation Services, which helps businesses move their facilities.
Urban Corps of San Diego County held a groundbreaking ceremony for its Recycling Education and Community Outreach Center on Feb. 20 at 3127 Jefferson St. in downtown San Diego.
In September, when our big banks were teetering on the precipice, and the stock market was beating a hasty retreat, I predicted , based on historic trends , that the Dow could drop 50 percent to 7,000 from its high of 14,000 a year earlier.
San Diego County, boasting the world's largest concentration of military bases, is on a construction spree.
As the world's banking system slides into the abyss, more and more folks are looking for some relief for all that pain.
Embattled home builder Mick Pattinson, who says he was forced to put his Carlsbad-based Barratt American into bankruptcy last summer because of unfair treatment by his bank, checks in with the Insider to update us on his recent activities.
The $787 billion economic stimulus plan could provide a major revenue boost to local businesses developing electronic health record systems and health insurers that offer government assistance programs.
Foreclosure activity in San Diego slowed in January as fewer homes fell into notice of default or were seized by banks than in the previous month or year , even as housing prices continued their slide
Early stage startups in need of capital may be turning to angel investors in greater numbers to fill a role abandoned by venture capital firms, which have been forced to pull back on new investments.
The recession may be taking its toll in lost jobs, but the defense industry, particularly businesses engaged in deep cover activities requiring security clearances, is doing well locally.
It's been about a year since Hard Rock Hotel San Diego opened as the county's first 100 percent condotel, but many who bought the rooms and suites are trying to sell their piece of the rock.
Chris and Jen Martino run Project X Media, a branding agency combining brand