Stories for September 2009

Wednesday, September 30

Clark Wins $11.6M Border Bridge Project

A pedestrian bridge at the San Ysidro border crossing, the busiest in the world, will be rebuilt following the award of an $11.6 million contract to Clark Construction Group, the U.S. General Services Administration said Sept. 29.

Council, Port Commission Seats Filled

Chula Vista's City Council named Mitch Thompson to fill the remainder of the term on John McCann's council seat, and also voted to appoint Steve Padilla as its representative on the San Diego Unified Port Commission.

Cubic Helps Vancouver Gird for Winter Games

Cubic Transportation Systems, a unit of San Diego-based Cubic, said Sept. 30 its fare collection system is part of Vancouver, British Columbia's new rail line that opened 15 weeks ahead of schedule in advance of the 2010 Winter Olympic Games.

Better Business Bureau Mixer Heads Down Under

Bondi Bar & Kitchen, an Australian-themed restaurant in the Gaslamp Quarter, is the venue for an Oct. 1 business-to-business networking mixer put on by the San Diego Better Business Bureau.

Tuesday, September 29

Jack in the Box Executive Set to Retire

Paul Schultz is retiring from Jack in the Box as president and chief operating officer effective Jan. 31 after spending 36 years there.

Cubic to Train Military Advisers

Cubic said Sept. 29 that it received a $40 million Army contract modification to train U.S. soldiers to be military advisers. They in turn will train national armies in Afghanistan and Iraq.

Business Coach Chalks Up Plan for 2010 Marketplace

Lisa Nirell, who started her consulting business in North County seven years ago, returns to the area in October to teach a two-day seminar on business planning and marketing.

Regional Online News Producer Gears up for Growth

Owners of San Diego News Network (SDNN.com) announced Sept. 29 the launch of its parent company, U.S. Local News Network, which plans to expand into more U.S. and Canadian cities over the next 30 months.

Monday, September 28

Business Journal Names Reo Carr Editor-in-Chief and Associate Publisher

MEDIA: Veteran Newspaperman to Start New Role Oct. 19

San Diego Business Journal President and Publisher Armon Mills announced Sept. 23 that Associate Publisher Reo Carr will be taking on the additional role of editor-in-chief in the near future.

Wind Turbine Sector Spinning Faster for National City Firm

ENERGY: Knight & Carver Group Shifting to Blade Repair, Research

“Green shoots” are clearly evident at National City’s Knight & Carver Wind Group, where employment has jumped to 250 workers today from 30 in 2006, with 150 more on the payroll by the end of next year.

Correction

In a Page One story titled “Union-Tribune Claims It’s Here to Stay” appearing in the Sept. 21 edition, the San Diego Business Journal misreported The San Diego Union-Tribune’s plans for staff reductions.

News in Brief

Top business news from around the county.

Region’s Merchants Buying Into Online Marketing Strategy

RETAIL: Deeply Discounted Deals Help Drive Sales

BuyWithMe.com made its entrance into the San Diego market in early August, and several merchants who have already gotten involved say the model is a hit.

Correction

The article about ESET in the San Diego Business Journal’s 100 Fastest Growing Privately Held Companies supplement, appearing in the Sept. 21 issue, contained two errors.

Aging Population Will Demand More Medical Care

HEALTH CARE: Educators Ill-Equipped for Surge

In the next 20 years, San Diego County will need to train as many as 209,000 health care workers to assist doctors, nurses and dentists and provide other behind-the-scenes care as millions of baby boomers reach retirement.

Getting a Leg Up

CONSTRUCTION: Local Contractors Landing Plenty of Work on Military Bases

Mac and cheese go together. In a similar way, the military construction contract called a MACC needs something more to make it complete.

1 in 5 San Diegans Without Medical Insurance

SDBJ Insider — Tom York

With the rancorous debate on a nationalized health care system dragging on in Washington, the U.S. Census Bureau reports that more than 500,000 adults in San Diego County, or one in five residents, are without medical coverage. And that’s based on data from 2008.

Region's Merchants Buying Into Online Marketing Strategy

BuyWithMe.com made its entrance into the San Diego market in early August, and several merchants who have already gotten involved say the model is a hit.

New Recycling Center Reduces Construction Debris in Landfills

Waste Management's new Construction and Demolition Recycling Center in El Cajon was unveiled amid mounting consumer and government interest in protecting the environment.

Apartment Market Cruises at Top of Commercial Space

While the office and industrial markets both saw increases in vacancies, one commercial real estate sector, apartments, showed improvement, according to MarketPointe Realty Advisors.

When Projects Go Awry, in Steps 'CSI' of Construction Defects

Construction projects by their nature require multiple teams to complete, so when something goes wrong a team of experts is often needed to solve the problem.

Business Journal Names Reo Carr Editor-in-Chief and Associate Publisher

San Diego Business Journal President and Publisher Armon Mills announced Sept. 23 that Associate Publisher Reo Carr will be taking on the additional role of editor-in-chief in the near future.

No Fatal Flaw Found at Chargers' Latest Proposed Stadium Site

The San Diego Chargers still have problems on their offensive and defensive lines, but at least their prospects for finding a site for a long-desired stadium improved in recent weeks.

Problem Assets Might Create Problems in $7 Million Acquisition

The pending acquisition of 1st Pacific Bank of California by First Business Bank may be scuttled if 1st Pacific, which is being acquired, doesn't reduce problem assets by the end of the year.

1 in 5 San Diegans Without Medical Insurance

With the rancorous debate on a nationalized health care system dragging on in Washington, the U.S. Census Bureau reports that more than 500,000 adults in San Diego County, or one in five residents, are without medical coverage. And that's based on data fr

Big Changes Ahead in Commercial Real Estate

Big Changes Ahead in Commercial Real Estate

Getting a Leg Up

Mac and cheese go together. In a similar way, the military construction contract called a MACC needs something more to make it complete.

Sales and Leases

Two industrial condominiums totaling 23,000 square feet sold for $2.3 million. The buildings, located at 7577 Airway Road, Suites G and H, in Otay Mesa, are planned to be used for a distribution center.

Real Estate Profile , Colton Sudberry

Colton Sudberry is president and chief financial officer of Sudberry Properties, a San Diego-based real estate development and asset management company that specializes in shopping center projects and mixed-use town center developments.

Wind Turbine Sector Spinning Faster for National City Firm

"Green shoots" are clearly evident at National City's Knight & Carver Wind Group, where employment has jumped to 250 workers today from 30 in 2006, with 150 more on the payroll by the end of next year.

Nonprofit Profile

A conversation with Mark DeBoskey, station manager of KSDS-FM.

News in Brief

Top business news from around the county.

Medical Device Maker Adds Jobs

Kelcourt Plastics, a medical device maker based in San Clemente and operating a plant in Otay Mesa, is gearing up to add another six employees over the next two months, says production manager Arsenio Baltazar.

Sequenom Fires Executives Over Mishandled Research Data

Following five months of independent investigation into employee mishandling of research data, San Diego-based Sequenom has fired its CEO and head of research, it said Sept. 28.

San Diego People

Key hires and promotions. Executive Spotlight: Cheri Hoffman.

SDNB Consents to OCC Deal

San Diego National Bank, one of the area's largest with $3.4 billion in assets, said Sept. 18 that it entered into a consent agreement with its primary regulator, the U.S. Office of the Comptroller of the Currency, to take steps to improve capital ratios.

Sony Opens Miramar Testing Lab to Outside Gaming Outfits

Whether or not video games are your thing, it's still an industry with billions of dollars in play , one that has shown itself to be recession-proof, according to the ongoing consensus of upbeat analysts.

Regional Report

Leading off this week's compilation of news from around San Diego County:

Pursuit of LEED Ratings Could Lead to Contract Disputes

As property owners embrace energy-saving practices in their construction projects , and spend more money to achieve the cachet of having a building certified by the U.S. Green Building Council , some industry observers expect an inevitable increase in con

Electronics Firm Opens Caregiver Division

Home Controls, a Mira Mesa-based firm that sells home automation products, launched a new division Sept. 28 that specializes in providing fully automated communication and monitoring systems intended to help seniors and those with disabilities.

Real Estate Roundup

Realty Income's board of directors announced an increase in the common stock monthly cash dividend to 14.3 cents from 14.2 cents on Sept. 15.

Carlsbad's Beach Terrace Inn Reopens After Remodeling

When Barbara Howard-Jones' family began making plans for an $8 million renovation on their 48-room Beach Terrace Inn in Carlsbad 18 months ago, their goal was to give the only oceanfront hotel between Oceanside and La Jolla the dressing up it deserved.

San Diego Workforce Partnership Awards $125K Grant to ARC

ARC of San Diego received a $125,000 grant from the San Diego Workforce Partnership to train and hire 50 people with disabilities for ARC's Marine Corps Recruit Depot food service program.

Small Biz Reaches for the Cloud, Takes Info Storage Show on Road

Nirvanix is rapidly gaining status in the high-tech world of information storage, particularly in the upper reaches of enterprise computing: the cloud.

Education Briefs

In October, National College Funding Strategies is sponsoring free workshops on college funding.

Are We Experiencing a Technological Dust Bowl?

Are We Experiencing a Technological Dust Bowl?

Friday, September 25

Feds Set Aside Security Money for Port

The Port of San Diego received a grant of $1 million recently as part of a $150 million allocation for security improvements to the nation's ports that was included in the $787 billion federal stimulus package, the port said Sept. 24.

Two Hospitals Face Fines

State health regulators levied the maximum fine against two San Diego hospitals Sept. 24 for preventable errors that put patients in harm's way.

Thursday, September 24

Life Technologies and Illumina in Patent Dispute

Carlsbad-based Life Technologies has filed a lawsuit against San Diego's Illumina, alleging certain genetic analysis tools infringe on three patents it controls.

SAIC Moves Headquarters to Virginia

SAIC confirmed Sept. 24 that it has moved its corporate headquarters to McLean, Va., in the Washington, D.C. area. The move is effective immediately.

SAIC Headquarters Moves to Virginia

SAIC confirmed Sept. 24 that it has moved its corporate headquarters to McLean, Va., in the Washington, D.C. area. The move is effective immediately.

AIDS Vaccine Efforts Gaining Traction

On the same day The Scripps Research Institute debuted a center focused on designing better AIDS vaccines, a study of more than 16,000 people in Thailand offered encouragement that an experimental vaccine could one day prevent HIV.

Local Economy Yields Positive Trends

San Diego's economy is trending positive, registering a fifth consecutive rise in a monthly economic index compiled by the Burnham-Moores Center for Real Estate at the University of San Diego.

County Tax Tab Takes $50 Million Hit

San Diego County Treasurer and Tax Collector Dan McAllister reports the number of tax bills his office is sending out starting Sept. 24 is at a record high of 978,011, but the total dollar amount of the bills, about $4.52 billion, is about $50 million bel

Bersin in Line for New Job

Alan Bersin, who made a name here heading up the U.S. attorney's office, as superintendent of the San Diego Unified School District and as chairman of the San Diego County Regional Airport Authority, is getting promoted at the Department of Homeland Secur

Wednesday, September 23

Business Journal Names Reo Carr Editor-in-Chief and Associate Publisher

San Diego Business Journal President and Publisher Armon Mills announced Sept. 23 that Associate Publisher Reo Carr will be taking on the additional role of editor-in-chief in the near future.

Maxwell Technologies Scores Deal With Continental

Germany-based Continental has chosen Maxwell Technologies' Boostcap ultracapacitors as the energy storage element of a voltage stabilization system Continental has developed for automobiles.

Geico Marks 10 Years in Poway

Geico, the Washington, D.C.-based insurer that has a big presence in Poway, celebrated its 10th anniversary there and its 45th year in California on Sept. 22.

Tuesday, September 22

SGIS Wins $450M Army Contract

SGIS said Sept. 22 that it received a contract from the U.S. Army Space and Missile Defense Command/Army Forces Strategic Command with a maximum value of $450 million over five years.

Woman Pleads Guilty to $1.5M Embezzlement

A former employee of USA Federal Credit Union was sentenced Sept. 21 to 38 months in prison for embezzling about $1.5 million over 13 years from the institution's branch in Japan, said the U.S. attorney's office in San Diego.

ESET and Intel Forge Security Deal

San Diego-based ESET, a developer of antivirus software, disclosed Sept. 22 that it has inked a deal with Intel to distribute its security products with Intel-branded desktop motherboards.

Sports Arena to Open Night Spot

The San Diego Sports Arena, the former home of the Clippers basketball club and host for the 1975 men's collegiate basketball final championship, unveiled plans to convert part of the aging venue into a nightclub, its owners said Sept. 22.

Rampant Rumor Has SAIC Headquarters Bound for Virginia

A major economic announcement expected this week from Virginia's governor could involve SAIC, according to The Washington Post.

Monday, September 21

Doug Wilson Defaults on $25M Loan for Redevelopment Projects

One year after the failure of Lehman Bros., and the subsequent cratering of the world’s equity markets, the fallout is still being felt around the globe, including here in San Diego.

Pharmacies Switching Patients’ Drugs to Save Money, Some Charge

Consider this scenario: A patient walks into a pharmacy, drops off a prescription and ends up with an entirely different drug than the one prescribed by his or her doctor. Not a generic drug, but a nonchemically equivalent alternative drug within the same class.

Garden Party Held, an Old Friend Reminisces

Yes, it was a true outdoor shindig … Quail Botanical Gardens, Encinitas’ best-kept secret, has a new name that promises better things ahead, the San Diego Botanic Garden.

Pulse Strengthening for Region’s Startups

TECHNOLOGY: Number of Businesses Created Is Rising

Connect, a 300-member trade group based in San Diego, issued its much-anticipated second-quarter Innovation Report on Sept. 16 that examines crucial sectors of the region’s economy and offers insight into the rebound under way among life sciences and technology startup firms.

IT Firm Seeks to Bridge Defense-Engineering Gaps Globally

TECHNOLOGY: Fast-Growing Small Company Has Big Designs on Developing Software

Driving the streets of the Philippine capital of Manila, red lights are more of a suggestion than anything else, says Eric Basu.

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City Officials Putting Lucrative IT Services Contracts Out to Bid

GOVERNMENT: Councilor Seeks Closer Monitoring of Outsourced Operations

In line with its effort to place more contracts under fiscal review, the city of San Diego is putting its information technology services out to bid.

FDA Could Soon OK First Weight Loss Drug in a Decade

BIOTECH: Two Local Firms Vie for Share of Obesity Market

By year end, biotech analysts expect the FDA to be weighing approval of the first prescription weight loss drug since Xenical gained the go-ahead 10 years ago.

Economic Growth Crucial for U.S., Former Political Leaders Say

GOVERNMENT: Gingrich, Reich Also Discuss China, Health Care at Conference

Yes Virginia, civil debate on hot-button political issues can indeed happen, as witnessed last week when Newt Gingrich and Robert Reich rolled into town for an entertaining and illuminating session.

News In Brief

Top business news from around the county.

Regional Report

Leading off this week's compilation of news from around San Diego County: Ramona Family Naturals, a year-old business that sells natural food over the Internet, plans to open a brick-and-mortar store in the town’s business district in mid-October.

Four Businesses Take Key Step Toward Success, Join Russell Index

The Russell 2000 Index, a listing of the nation’s small and medium sized public companies, is doing well this year, up 20 percent as of Sept. 14, but last year wasn’t kind to small caps, or any caps for that matter.

Del Mar Finds Less Is More, as Daily Attendance, Wagering Rise

By the time the last guest pushed through the turnstiles at the Del Mar Thoroughbred Club’s last race Sept. 9, average daily on-track attendance edged out last year’s meet by 7.4 percent.

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Danish Drug Maker to Pursue Partnerships Through Subsidiary

A Danish drug maker that produced the first microRNA drug candidate to enter the clinic last year said it has set up a local subsidiary where it will seek partnerships in the U.S. and Asia.

Hulu.com’s Increased Following Aligns With Internet TV Trends

Advertisers might be interested to know that one out of four U.S. households watches TV online, up from 20 percent last year, according to a September study by The Conference Board, a nonprofit economic forecasting agency, in association with media market researcher TNS.

Region’s Once Robust Student Lending Business Disappears

San Diego’s student lending business, once a flourishing sector, has flunked out.

Foodies Finding More Options as Eateries Spring Up

Patience sometimes pays off, just ask the city of Escondido’s Economic Development Department.

Executive Profile - David A. Blackburn

David A. Blackburn is president of Forensic Imaging & Archiving.

San Diego People

Key hires and promotions. Executive Spotlight: Jackie Townsend

Key hires and promotions. Executive Spotlight: Jackie Townsend

Real Estate Roundup

Leading off this week's real estate news from around the county: Westcore Properties, a San Diego-based real estate investment firm, has received the U.S. Environmental Protection Agency’s Energy Star designation for two of its Colorado office buildings.

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Real Estate Sales & Leases

Taisin America has purchased 14,000 square feet of industrial space at 1202 Piper Ranch Road in Otay Mesa for $1.4 million.

Irwin, Joan Jacobs Give $2.5M to KPBS to Revamp Newsroom

KPBS received $2.5 million from Joan and Irwin Jacobs to fund a remodel of the newsroom to create interactive space with emphasis on multimedia convergence and multiple platforms.

White House Must Do Something ‘Radical’

U.S. Sen. John Kerry held hearings this summer on the future of journalism — but in truth, it was about a possible newspaper bailout.

Swine Flu: Businesses Must Have ‘Pandemic Plan’

Hardly a day goes by without more news on the H1N1 virus and the potentially catastrophic impact that could occur in the months ahead.

GIVING

Fundraisers and charitable donations from companies and people

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Pulse Strengthening for Region's Startups

Connect, a 300-member trade group based in San Diego, issued its much-anticipated second-quarter Innovation Report on Sept. 16 that examines crucial sectors of the region's economy and offers insight into the rebound under way among life sciences and tech

Hulu.com's Increased Following Aligns With Internet TV Trends

Advertisers might be interested to know that one out of four U.S. households watches TV online, up from 20 percent last year, according to a September study by The Conference Board, a nonprofit economic forecasting agency, in association with media market

IT Firm Seeks to Bridge Defense-Engineering Gaps Globally

Driving the streets of the Philippine capital of Manila, red lights are more of a suggestion than anything else, says Eric Basu.

Nasdaq Warns Overland About Market Capitalization

The Nasdaq stock market has notified Overland Storage that it hasn't met minimum listing requirements for market capitalization over the past 30 days.

Mad Catz Enters Deal With Sega

Mad Catz Interactive, a third-party interactive entertainment accessory provider based in San Diego, said Sept. 21 that it has secured a license from Sega of America, renowned developer of videogames, to produce branded video game accessories based on the

Correction

In a Page 1 story titled "Union-Tribune Claims It's Here to Stay" appearing in the Sept. 21 edition, the San Diego Business Journal misreported that The San Diego Union-Tribune will conduct 116 staff reductions.

Del Mar Finds Less Is More, as Daily Attendance, Wagering Rise

By the time the last guest pushed through the turnstiles at the Del Mar Thoroughbred Club's last race Sept. 9, average daily on-track attendance edged out last year's meet by 7.4 percent.

Garden Party Held, an Old Friend Reminisces

Yes, it was a true outdoor shindig Quail Botanical Gardens, Encinitas' best-kept secret, has a new name that promises better things ahead, the San Diego Botanic Garden.

Economic Growth Crucial for U.S., Former Political Leaders Say

Yes Virginia, civil debate on hot-button political issues can indeed happen, as witnessed last week when Newt Gingrich and Robert Reich rolled into town for an entertaining and illuminating session.

Pharmacies Switching Patients' Drugs to Save Money, Some Charge

Consider this scenario: A patient walks into a pharmacy, drops off a prescription and ends up with an entirely different drug than the one prescribed by his or her doctor. Not a generic drug, but a nonchemically equivalent alternative drug within the same

FDA Could Soon OK First Weight Loss Drug in a Decade

By year end, biotech analysts expect the FDA to be weighing approval of the first prescription weight loss drug since Xenical gained the go-ahead 10 years ago.

News In Brief

Top business news from around the county.

Executive Profile - David A. Blackburn

David A. Blackburn is president of Forensic Imaging & Archiving.

Irwin, Joan Jacobs Give $2.5M to KPBS to Revamp Newsroom

KPBS received $2.5 million from Joan and Irwin Jacobs to fund a remodel of the newsroom to create interactive space with emphasis on multimedia convergence and multiple platforms.

More Indictments in Casino Cheating Case

A federal grand jury in San Diego indicted another eight defendants for conspiracy Sept. 18 on a widespread card cheating case that defrauded 11 American Indian-owned casinos around the country.

Doug Wilson Defaults on $25M Loan for Redevelopment Projects

One year after the failure of Lehman Bros., and the subsequent cratering of the world's equity markets, the fallout is still being felt around the globe, including here in San Diego.

Danish Drug Maker to Pursue Partnerships Through Subsidiary

A Danish drug maker that produced the first microRNA drug candidate to enter the clinic last year said it has set up a local subsidiary where it will seek partnerships in the U.S. and Asia.

Four Businesses Take Key Step Toward Success, Join Russell Index

The Russell 2000 Index, a listing of the nation's small and medium sized public companies, is doing well this year, up 20 percent as of Sept. 14, but last year wasn't kind to small caps, or any caps for that matter.

Region's Once Robust Student Lending Business Disappears

San Diego's student lending business, once a flourishing sector, has flunked out.

Foodies Finding More Options as Eateries Spring Up

Patience sometimes pays off, just ask the city of Escondido's Economic Development Department.

City Officials Putting Lucrative IT Services Contracts Out to Bid

In line with its effort to place more contracts under fiscal review, the city of San Diego is putting its information technology services out to bid.

Friday, September 18

Study Results Emerge; Arena Shares Dip, Kick Up

Arena Pharmaceuticals said Sept. 18 its weight loss drug candidate lorcaserin succeeded in a final trial that sets the stage for its upcoming FDA application, although the drug's effectiveness appeared to trail the competition.

Unemployment Levels Off in August

San Diego's unemployment rate for August stayed at 10.4 percent in August, from a revised July rate of 10.4 percent.

Bank's Capital Levels Draw Regulators' Attention

San Diego National Bank said Sept. 18 that it agreed to a consent agreement, a type of sanction, from its primary regulator, the U.S. Office of the Comptroller of the Currency, because of its inadequate capital levels.

SAIC Supports Swimming Machines Under $19M Deal

SAIC said Sept. 17 that it received a prime contract to work with the Naval Undersea Warfare Center's Newport, R.I., division on undersea robot projects.

Thursday, September 17

Cymer Drive Collects Electronic Waste

Cymer, the San Diego maker of equipment used in the manufacture of semiconductors, hosts its fifth free eCycle event at Qualcomm Stadium on Sept. 19 from 8 a.m. to 1 p.m.

Leap Adds New Calling Plans and Retailers

Leap Wireless has introduced two new monthly calling plans and a broadband service that boasts an increased data limit. In a Sept. 16 announcement, the carrier also said it signed distribution deals with two big box retailers.

Coalition Has Designs on 'Smart Grid'

A coalition of San Diego, national and global organizations formed recently is seeking about $100 million in federal stimulus dollars to establish a "smart grid" energy network, according to San Diego Gas & Electric, the local utility leading the coalitio

Quidel Test Cleared for Swine Flu Identification

Quidel, a San Diego-based maker of rapid flu tests, has been cleared by the FDA to add swine flu to its scope of detectable influenza subtypes on its QuickVue product, the company said Sept. 17.

Solera Makes European Acquisition

San Diego-based Solera Holdings, which develops software and services for the automobile insurance claims processing industry, said Sept. 17 that it has signed a definitive agreement to acquire Germany-based AUTOonline Informationssyteme.

Wednesday, September 16

Medfly Found, Officials Stake Out Quarantine

County agriculture officials are mapping out new quarantines this week after discovering a mated female Mediterranean fruit fly in northern Escondido.

Danish RNA Firm to Establish Local Hub

A Danish drug maker that produced the first microRNA drug candidate to reach the clinic last year said it has set up a San Diego subsidiary where it will seek partnerships in the United States and Asia.

DivX Licenses Technology to Company in Finland

In yet another negotiated deal with media outlets to incorporate its digital video compression technology into Internet-based TV, the DivX media company struck a deal with On2 Technologies Finland.

Tuesday, September 15

Net Loss Declines as Overland Storage Finishes Year

Overland Storage, the San Diego provider of data storage and backup systems, reported Sept. 14 a net loss of $2.6 million for the fourth quarter ended June 30.

Veoh Claims Court Victory

San Diego-based Veoh Networks, an online video sharing site, claimed victory Sept. 14 over Universal Music Group, after a federal judge threw out a copyright infringement lawsuit against the local media outfit.

Monday, September 14

For Tightfisted Investors, Only the Best Ideas Will Do

TECHNOLOGY: Lack of Early Stage Funding Hurts Startups

The sands of venture capital markets are shifting amid a protracted recession that’s stifling the prospects of many technology startups.

Disappointing Clinical Trial Pummels Acadia

BIOTECH: Data Suggests Drug Could Have Other Applications

Acadia Pharmaceuticals planned to have the first drug on the market to treat Parkinson’s disease psychosis, which causes hallucinations and delusions for 40 percent of the 1.5 million people living with the disease.

Bankruptcy Cases Skyrocket as the Economy Plummets

LAW: Debtors Seeking Protection Besiege Attorneys

Bill Kousens recalls when Aerowind Corp., an El Cajon manufacturer that supplied the payload sections of Tomahawk missiles, operated round-the-clock.

Convention Center Expansion Ahead?

HOSPITALITY: Port Not Likely to Help Fund Project

City Hall recently got the go-ahead to expand the waterfront San Diego Convention Center, but since its coffers are empty and the San Diego Unified Port District isn’t apt to cough up more money, the $753 million question is how.

Pacific Octopus Sees the Light, Steals It

Well, if you can’t buy one, you may as well snatch one. That might have been the thinking behind the actions of a Giant Pacific octopus, which swiped a portable LED spotlight from a British photographer, who was diving in waters off British Columbia recently.

Kratos Secures Contracts, Raises $19M

DEFENSE: Contractor to Use Funds to Pay Down Debt

Kratos Defense & Security Solutions said it received two contracts to help the U.S. Navy train its information technology work force and modernize operations.

Blackouts Likely to Cast Dark Shadow on Chargers’ Bright Season

SPORTS BIZ: Team Must Sell Thousands of Tickets for Games to Be Televised

The San Diego Chargers appear ready to make a run at their first Super Bowl title this season, set to begin Sept. 14 on the road against the dreadful Oakland Raiders.

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Federally Funded Solar Projects Mounting at Military Sites

ENERGY: Local Firms Winning Lucrative Contracts for Alternative Power Projects in the Region

At $46.3 million, it’s a miniscule part of the $787 billion stimulus bill. It’s the sum the federal government has set aside to increase solar power on Navy and Marine Corps bases in San Diego County.

Gafcon Providing Program Management for $1B Project in L.A.

Gafcon, a San Diego-based construction management firm, is providing program management for the initial phase of redeveloping a portion of Watts, the most blighted community in California.

Children’s Hospital Makes Room for Surgical Partner, Fresh Start

Seven years in the making and millions of donation dollars later, a nonprofit provider of free reconstructive surgery to disadvantaged children and young adults has established a home inside Rady Children’s Hospital.

News In Brief

Top business news from around the county.

Regional Report

Leading off this week's compilation of news from around San Diego County: Lux Art Institute is hoping to become the first LEED-certified art museum in San Diego County when it wraps up construction on 25,000 square feet of gallery space and classrooms.

BofI Holding Enjoys Dramatic Uptick in Quarterly Income

BofI Holding, parent of Bank of Internet USA, reported recently fourth quarter 2009 profits rose 102 percent, and its full year profit of $7.1 million was 70 percent above what it did in the prior year.

Novatel Wireless Is Out to Blanket the Globe With MiFi

True to its mission, San Diego-based Novatel Wireless again shows that, yes, you can take it with you — all the way to Singapore.

Procopio Replacing Reed Elsevier Name on Downtown High-Rise

Downtown residents and workers will soon notice a new moniker atop the Golden Eagle Plaza Building when Procopio, Cory, Hargreaves & Savitch moves its headquarters from the neighboring Union Bank Building.

Nonprofit Profile - Worlds Alive

A conversation with Jennifer Williamson, executive director at Words Alive.

Intrepid Entrepreneurs

Small Businesses Looking for New Money Sources in the Downturn

When economic times are tough, market opportunities for startup businesses often present themselves.

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Small Businesses Face Uphill Battle to Get Select Contracts

DEFENSE: Spawar Awards Available, But Lending Among List of Obstacles

Local defense contracting awards to San Diego area small businesses from Spawar, the Space and Naval Warfare Systems Command, continues at a brisk pace, despite the challenging economy.

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Women With Moxy Take a Chance on Self-Employment

SMALL BUSINESS: Entrepreneurs Have High Hopes for Turning Out Profits Even in Sluggish Economy

At a time marked by double-digit unemployment and economic uncertainty, three San Diego women entrepreneurs found that using guts, creativity and networking can still create value for their ventures.

Entrepreneur Profile - Michael Anderson

Michael Anderson runs Radiant Technologies, which sells and implements software systems for midsize manufacturers and distributors.

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Real Estate Roundup

Leading off this week's real estate news from around the county: Canadian-based Bosa Development has launched its newest project, Bayside, a residential high-rise tower near the waterfront.

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Sales and Leases

Shawnwood Forest, a 38-unit apartment community in Chula Vista has been purchased for $3.2 million.

San Diego People

Key hires and promotions. Executive Spotlight: Thomas Luneau

Key hires and promotions. Executive Spotlight: Thomas Luneau

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New Mission Valley Eatery Serves Up All American Meals

Mark Oliver, owner of the All American Grill in Mission Valley’s Hazard Center, is out to make a point.

Dinner for 125: CB&T Lends a Hand at Ronald McDonald House

California Bank & Trust associates from the Golden Triangle branch prepared a dinner for 125 family members residing at the Ronald McDonald House of San Diego while their children receive treatment at area hospitals.

Real Estate Values Are Based on Inaccurate Markers

While the residential market seems to be stabilizing, the commercial markets are in free fall.

Bankruptcy Cases Skyrocket as the Economy Plummets

Bill Kousens recalls when Aerowind Corp., an El Cajon manufacturer that supplied the payload sections of Tomahawk missiles, operated round-the-clock.

Dinner for 125: CB & T; Lends a Hand at Ronald McDonald House

California Bank & Trust associates from the Golden Triangle branch prepared a dinner for 125 family members residing at the Ronald McDonald House of San Diego while their children receive treatment at area hospitals.

Women With Moxy Take a Chance on Self-Employment

At a time marked by double-digit unemployment and economic uncertainty, three San Diego women entrepreneurs found that using guts, creativity and networking can still create value for their ventures.

Gafcon Providing Program Management for $1B Project in L.A.

Gafcon, a San Diego-based construction management firm, is providing program management for the initial phase of redeveloping a portion of Watts, the most blighted community in California.

Real Estate Values Are Based on Inaccurate Markers

While the residential market seems to be stabilizing, the commercial markets are in free fall.

Children's Hospital Makes Room for Surgical Partner, Fresh Start

Seven years in the making and millions of donation dollars later, a nonprofit provider of free reconstructive surgery to disadvantaged children and young adults has established a home inside Rady Children's Hospital.

Federally Funded Solar Projects Mounting at Military Sites

At $46.3 million, it's a miniscule part of the $787 billion stimulus bill. It's the sum the federal government has set aside to increase solar power on Navy and Marine Corps bases in San Diego County.

Navy Awards $5.9M Solar Power Deal

The Department of Defense said Sept. 14 that it awarded Syska Hennessy Group Construction a $5.9 million task order to design and install a solar photovoltaic power system at Naval Air Weapons Station China Lake.

Pacific Octopus Sees the Light, Steals It

Well, if you can't buy one, you may as well snatch one. That might have been the thinking behind the actions of a Giant Pacific octopus, which swiped a portable LED spotlight from a British photographer, who was diving in waters off British Columbia recen

BofI Holding Enjoys Dramatic Uptick in Quarterly Income

BofI Holding, parent of Bank of Internet USA, reported recently fourth quarter 2009 profits rose 102 percent, and its full year profit of $7.1 million was 70 percent above what it did in the prior year.

News In Brief

Top business news from around the county.

For Tightfisted Investors, Only the Best Ideas Will Do

The sands of venture capital markets are shifting amid a protracted recession that's stifling the prospects of many technology startups.

Procopio Replacing Reed Elsevier Name on Downtown High-Rise

Downtown residents and workers will soon notice a new moniker atop the Golden Eagle Plaza Building when Procopio, Cory, Hargreaves & Savitch moves its headquarters from the neighboring Union Bank Building.

RF Industries Feels Economic Slowdown

RF Industries, the San Diego distributor of radio frequency cable connectors and assemblies, reported Sept. 14 net income of $10,000 for the period ending July 31.

Small Businesses Face Uphill Battle to Get Select Contracts

Local defense contracting awards to San Diego area small businesses from Spawar, the Space and Naval Warfare Systems Command, continues at a brisk pace, despite the challenging economy.

Nonprofit Profile - Words Alive

A conversation with Jennifer Williamson, executive director at Words Alive.

New Mission Valley Eatery Serves Up All American Meals

Mark Oliver, owner of the All American Grill in Mission Valley's Hazard Center, is out to make a point.

Cymer Sees Quarter Looking Up

Cymer, the San Diego maker of equipment used in the production of computer chips, said Sept. 14 that third quarter revenue will be about 30 percent better than its second quarter revenue of $62 million, or about $80 million.

Gen-Probe Spins Off Roka Bioscience

Gen-Probe, a San Diego-based maker of test kits for screening blood, said Sept. 14 it will spin off its industrial testing division into an independent, private company focused on rapid detection of impurities in water, food and biotech drugs.

Novatel Wireless Is Out to Blanket the Globe With MiFi

True to its mission, San Diego-based Novatel Wireless again shows that, yes, you can take it with you , all the way to Singapore.

Blackouts Likely to Cast Dark Shadow on Chargers' Bright Season

The San Diego Chargers appear ready to make a run at their first Super Bowl title this season, set to begin Sept. 14 on the road against the dreadful Oakland Raiders.

Friday, September 11

Legoland Is Golden in Magazine's Eyes

Legoland California won Amusement Today magazine's Golden Ticket Award for Best Children's Park.

Sentek Adds 'Global' to Its Name

Sentek Consulting has changed its name to Sentek Global, it said Sept. 11.

Amylin, Partner to Develop New Diabetes Drug

San Diego-based drug maker Amylin Pharmaceuticals said Sept. 10 it will partner with India's largest biotech to develop a new diabetes drug.

Sempra Declares Dividend

Sempra Energy on Sept. 11 declared a quarterly dividend of 39 cents per share of its common stock. The dividend is unchanged from June.

SAIC to Help Marines With Radio Jammers

SAIC said it inked a deal with the U.S. Marine Corps to provide services for a system called CREW , a signal-jamming device meant to protect Marines on the ground by foiling roadside bombs.

Bridgepoint Calls Off Secondary Offering

Bridgepoint Education, the San Diego provider of online college classes, withdrew its registration for a planned secondary offering Sept. 11, saying the current price of its shares caused the decision.

Thursday, September 10

Stocks React to Weight-Loss Drug Maker's Study

Mountain View-based Vivus, which is competing against two San Diego biotechs in coming up with an FDA-approved weight-loss drug, reported positive results in a late-stage study Sept. 9, sending shares up for all three.

Stadium Debate Spills Over Into State Legislature

A San Diego state legislator is proposing amendments to a bill pending in Sacramento Sept. 10 that would exempt the county of Los Angeles and the City of Industry from environmental regulations covering the construction of a new football stadium.

South County Concerns Take Center Stage

The South County Economic Development Council hosts a daylong Economic Summit Sept. 18.

DefenseWeb to Advance Wounded Warrior Care

DefenseWeb Technologies, a software developer and systems integrator for the federal government, announced its participation in the U.S. Department of Defense's Wounded Warrior care initiative.

Wednesday, September 9

Outlook for Dot Hill Systems Looking Up

Dot Hill Systems, a Carlsbad maker of data storage equipment, seems to be headed for better days.

Survey: One in Six Employers May Cut Staffing

San Diego area employers are still skittish about increasing their payrolls, judging from the latest Manpower Employment Outlook survey released Sept. 9.

LifeVantage Receives Third Patent

San Diego-based consumer health products company LifeVantage Corp. says it has been granted a third patent for Protandim, its anti-aging supplement.

Tuesday, September 8

Chula Vista Representative Quits Port Panel

William Hall, who came back to serve as Chula Vista's interim representative on the Port Commission, resigned from the board effective Sept. 3. Hall said he's leaving to mount a campaign for a seat on the City Council.

Kratos Stock Offering Raises $19M

Kratos Defense & Security Solutions said Sept. 8 that it closed on the sale of 26 million shares of the company's common stock, raising about $19 million.

Monday, September 7

Swine Flu Concerns Give Biotechs Shot in the Arm

HEALTH CARE: Medical Device Makers See Sales, Stock Prices Soar

Many of San Diego’s biotechs and medical device makers hoping to capitalize on the increased demand for flu-related products have seen a dramatic rise in revenues and stock prices in recent months.

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SAIC Reports Higher Profits, Takes Wait-and-See Approach

DEFENSE: Largest Client Changing How It Does Business

SAIC turned in second-quarter financial results Sept. 2 that fit analyst predictions almost perfectly, growing earnings 13 percent and revenue 8 percent.

Hotel Chain’s Bankruptcy Filing Extends Industry’s Woes

Extended Stay Hotels’ recent bankruptcy filing has cut a swath through California’s lodging industry, adding 78 properties to an already bulging list of loan defaults.

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A Mind’s Eye for Business

TECHNOLOGY: Brain Research a Growing Field

The next time someone tells you “it’s all in your mind,” take a minute to consider whether you can profit from it.

Business Group Lands Hilda Solis as Keynoter

Hilda Solis, President Obama’s U.S. secretary of labor, has been tabbed to be the keynote speaker at the South County Economic Development Council’s Annual Summit on Sept. 18 at the San Diego Convention Center.

Disgruntled Investor Questions 1st Pacific’s Sale to First Business Bank

FINANCE: Argues Data Missing In Proposed Proxy Deal

A 1st Pacific Bancorp investor is raising questions about the company’s proposed sale to First Business Bank.

Software Provider Completes Profitable Year, Sees Revenues Rise

TECHNOLOGY: Solera OKs First Quarterly Cash Dividend

If you reported a fender bender to your insurance agency lately, chances are good the adjuster was using software from San Diego-based Audatex to process the claim.

Fast-Growing Stone Brewing Adds a Distribution Warehouse

MANUFACTURING: Craft Beer Sales Up in Down Economy

Greg Koch, co-founder and CEO of Stone Brewing, rarely misses an opportunity to bash his publicly traded competitors, referring to their beverages as “fizzy yellow stuff.”

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Coldwell Banker Launches Short Sale Division

REAL ESTATE: Firm Tabs Veteran to Run New Unit

Prompted by a high number of residential short sales in the down economy and the lengthy amount of time it takes to close such deals, Coldwell Banker Residential Real Estate Brokerage has set up a short sale division to tackle that issue and lure more business its way.

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Life Sciences Startups Landing Grants

BIOTECH: Lacking Venture Capital, Businesses Getting Help Through ‘Valley of Death’

With venture capital funding all but dried up for many life sciences startups, some have turned to agencies that specialize in navigating complex government databases and matching businesses with sometimes lucrative grants.

Barney & Barney in the Mood to Celebrate 100 Years in Business

Lots has happened at Barney & Barney since the insurance brokerage opened its doors a century ago, such as not having to depend on selling animal skins to make ends meet.

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News In Brief

Top business news from around the county.

Regional Report

Leading off this week's compilation of news from around San Diego County: The San Marcos City Council awarded a $99,500 contract Aug. 25 to Rosenow Spevacek Group

Pacific Western Discovers One Bank’s Failure Can Be Another’s Gain

Another California bank was seized by federal regulators Aug. 28, bringing the number of failures in the state to nine this year, including Temecula Valley Bank in July.

Dialing for Dollars: Solana Beach Business Buys VoIP Web Site

The forecasts for VoIP adoption — phone service delivered via the Internet — are relentlessly optimistic, and have been for years, ever since the kinks were worked out adequately enough to provide reliable, full-service operations to small and midsize businesses.

Judge’s Order: No Trolling for Water-Drinking Contest Facts

Harry Levine, a name synonymous with high-profile trials, has another big case on his hands this month.

Carlsbad Has Strong Business Sectors, High Quality of Life

Carlsbad, the Village by the Sea, is rapidly outgrowing its image.

Executive Profile - Sami Ladeki

Sami Ladeki is owner of the Ladeki Restaurant Group.

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San Diego People

Key hires and promotions. Executive Spotlight: Dennis O’Leary

Key hires and promotions. Executive Spotlight: Dennis O’Leary

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Real Estate Roundup

Leading off this week's real estate news from around the county: Construction on 1Mission’s five-story, 120,000-square-foot residential and retail mid-rise is 80 percent complete.

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Real Estate Leases

Three leases totaling 63,500 square feet have been signed at Spectrum Corporate Plaza in Kearny Mesa for a combined total of $10.5 million.

Qualcomm Donation to Support Engineering Education at SDSU

Qualcomm granted San Diego State University $450,000 to support its science and engineering programs.

San Diego on Forefront of Public Participation Trend

Greetings from the Land of Oz! IAP2, or International Association for Public Participation, is an organization dedicated to the practice of public participation.

Recognizing the 19th Amendment to the Constitution

The 19th amendment to the Constitution contains only 39 words. But those words forever changed the way politics was practiced in our nation and provided a level of equality that was heretofore denied an entire group of citizens.

Judge's Order: No Trolling for Water-Drinking Contest Facts

Harvey Levine, a name synonymous with high-profile trials, has another big case on his hands this month.

Business Group Lands Hilda Solis as Keynoter

Hilda Solis, President Obama's U.S. secretary of labor, has been tabbed to be the keynote speaker at the South County Economic Development Council's Annual Summit on Sept. 18 at the San Diego Convention Center.

Hotel Chain's Bankruptcy Filing Extends Industry's Woes

Extended Stay Hotels' recent bankruptcy filing has cut a swath through California's lodging industry, adding 78 properties to an already bulging list of loan defaults.

Recognizing the 19th Amendment to the Constitution

The 19th amendment to the Constitution contains only 39 words. But those words forever changed the way politics was practiced in our nation and provided a level of equality that was heretofore denied an entire group of citizens.

Qualcomm Donation to Support Engineering Education at SDSU

Qualcomm granted San Diego State University $450,000 to support its science and engineering programs.

Pacific Western Discovers One Bank's Failure Can Be Another's Gain

Another California bank was seized by federal regulators Aug. 28, bringing the number of failures in the state to nine this year, including Temecula Valley Bank in July.

Barney & Barney in the Mood to Celebrate 100 Years in Business

Lots has happened at Barney & Barney since the insurance brokerage opened its doors a century ago, such as not having to depend on selling animal skins to make ends meet.

News In Brief

Top business news from around the county.

San Diego on Forefront of Public Participation Trend

Greetings from the Land of Oz! IAP2, or International Association for Public Participation, is an organization dedicated to the practice of public participation.

Swine Flu Concerns Give Biotechs Shot in the Arm

Many of San Diego's biotechs and medical device makers hoping to capitalize on the increased demand for flu-related products have seen a dramatic rise in revenues and stock prices in recent months.

Software Provider Completes Profitable Year, Sees Revenues Rise

If you reported a fender bender to your insurance agency lately, chances are good the adjuster was using software from San Diego-based Audatex to process the claim.

Disgruntled Investor Questions 1st Pacific's Sale to First Business Bank

A 1st Pacific Bancorp investor is raising questions about the company's proposed sale to First Business Bank.

Fast-Growing Stone Brewing Adds a Distribution Warehouse

Greg Koch, co-founder and CEO of Stone Brewing, rarely misses an opportunity to bash his publicly traded competitors, referring to their beverages as "fizzy yellow stuff."

Carlsbad Has Strong Business Sectors, High Quality of Life

Carlsbad, the Village by the Sea, is rapidly outgrowing its image.

A Mind's Eye for Business

The next time someone tells you "it's all in your mind," take a minute to consider whether you can profit from it.

Dialing for Dollars: Solana Beach Business Buys VoIP Web Site

The forecasts for VoIP adoption , phone service delivered via the Internet , are relentlessly optimistic, and have been for years, ever since the kinks were worked out adequately enough to provide reliable, full-service operations to small and midsize bus

SAIC Reports Higher Profits, Takes Wait-and-See Approach

SAIC turned in second-quarter financial results Sept. 2 that fit analyst predictions almost perfectly, growing earnings 13 percent and revenue 8 percent.

Friday, September 4

SAIC to Fine-Tune FEMA Computer Systems

SAIC said Sept. 1 that it's one of five contractors that will provide information technology services to the Federal Emergency Management Agency.

Bridgepoint Shares Take a Hit

Bridgepoint Education Inc., the San Diego online higher education provider that went public in April, said Sept. 3 that an upcoming federal audit of Ashford University in Iowa "will assert findings of noncompliance."

Scripps Finding May Clear Path for AIDS Vaccine

A team of researchers led by the Scripps Research Institute in La Jolla says it has discovered antibodies capable of preventing the spread of HIV in the body, a finding that could eventually help support development of an AIDS vaccine.

ESET Warns of Mounting Malware Attacks

Researcher Pierre-Marc Bureau of San Diego-based ESET has uncovered unsettling data derived from analyzing the past three months of research logs from the security software manufacturer's free malware scanner tool.

Regulator Tells Bank to Increase Capital

Pacific Coast National Bank, based in San Clemente and with an office in Encinitas, signed a consent order, a type of sanction, from its primary regulator, requiring the troubled bank to increase capital levels and take other steps to improve operations,

Last Call for TechAmerica Award Entries

TechAmerica San Diego is accepting nominations for the 16th Annual TechAmerica High Tech Awards.

Bayer Buys Skin Care Products From SkinMedica

A German subsidiary of Bayer HealthCare said Sept. 4 that it signed an agreement to buy two prescription skin care lines from Carlsbad-based SkinMedica.

Thursday, September 3

New County Investment Chief Ran Texas Teachers' Pension

The county employees' pension fund, which lost about $2.2 billion in the most recent fiscal year, hired a new chief investment officer Sept. 3 in a contracted arrangement that could pay him more than $1 million annually.

Wednesday, September 2

Kratos Celebrates $4M Task Order

Kratos Defense & Security Solutions said Sept. 2 that its Madison Research Division received a $4 million task order to support foreign military sales of unspecified weapon systems.

Life Technologies Sells Mass Spectrometry Unit

Life Technologies, a Carlsbad-based maker of laboratory supplies, said Sept. 2 it will sell its stake in its mass spectrometry business to Washington-based Danaher for $450 million cash.

BofI's Quarterly Earnings Double

BofI Holding said Sept. 1 it had net income of $3.6 million for its fourth quarter ended June 30, up 102 percent from the like quarter of last year.

DivX Acquires AnySource Media

San Diego multimedia maverick DivX said Sept. 2 that it acquired Pennsylvania-based AnySource Media, creators of streaming technology that allows users to directly connect their TV to a wide variety of content and services on the Internet.

Padres to Adjust Game Times in 2010

In an effort to boost the team's sagging attendance, the San Diego Padres are changing the times for Saturday night and weekday afternoon games next season, the team said Sept. 2.

Kratos Aids Foreign Military Sales in $4M Deal

Kratos Defense & Security Solutions said Sept. 2 that its Madison Research Division received a $4 million task order to support foreign military sales of unspecified weapon systems.

Tuesday, September 1

Airport Authority Takes a Closer Look at Spending

The San Diego County Regional Airport Authority, the agency that manages Lindbergh Field, is taking steps to amend its policies covering spending for business travel and expenses.

CEO Leaves Metabasis for Position at Merck

Mark Erion, longtime CEO of Metabasis Therapeutics, is leaving the struggling drugmaker for a job with pharmaceutical giant Merck & Co., the company said Sept. 1.

Encino Insurance Broker Pushes South

GNW-Evergreen Insurance Services, an Encino-based broker, said Aug. 25 that it signed a deal to acquire the assets of Plenary Insurance Services for undisclosed terms.

Airport Authority Takes a Closer Look at Spending

The San Diego County Regional Airport Authority, the agency that manages Lindbergh Field, is taking steps to amend its policies covering spending for business travel and expenses.

Acadia Shares Slump on Clinical Trial News

Much-anticipated results of a late-stage trial testing San Diego-based Acadia's Parkinson's Disease psychosis drug failed to satisfy investors, who sent the company's shares tumbling 67 percent in midday trading Sept. 1.