Stories for December 2010

Thursday, December 30

Navy Commits to 20 New Ships

The U.S. Navy said Dec. 29 that it plans to buy up to 20 Littoral Combat Ships from two contractors over six years, splitting its buy between Lockheed Martin Corp. and Austal.

Wednesday, December 29

Shuttle to Link Point Loma, Embarcadero

The Port of San Diego has been awarded a $625,000 federal grant to implement waterfront shuttle service between the San Diego Convention Center and the Cabrillo National Monument.

Tuesday, December 28

Partnership Seeks Novel Ways to Combat Obesity

La Jolla-based Sanford-Burnham Medical Research Institute said it will partner with a Japanese drug company and a Florida hospital to find new approaches to treat obesity.

Cricket Takes on Spectrum

Leap Wireless International Inc. said on Dec. 27 that its Cricket Communications Inc. subsidiary completed its acquisition of wireless spectrum in Chicago and Southern Wisconsin.

AT&T to Pay Qualcomm $1.9B for Airwave Rights

AT&T Inc. will make a $1.93 billion purchase from Qualcomm Inc., the companies jointly announced Dec. 20.

Thursday, December 23

Football League Funds Medical School Inquiry

NFL Charities, the philanthropic arm of the National Football League owners, has awarded more than $1.6 million in grants to support sports-related medical research organizations, including nearly $100,000 that will go to a team of researchers at UC San Diego School of Medicine.

Pfizer, Lpath to Collaborate on Eye Treatment

San Diego-based biotech Lpath Inc. said it has granted pharmaceutical giant Pfizer Inc. an exclusive option for a worldwide license to develop iSONEP, which is a drug to treat age-related macular degeneration.

Kyocera Solar Passes Production Milestone

Kyocera Solar, which launched a production line of solar panels in June in Kearny Mesa, said Dec. 21 it produced its 1 millionth solar module at its Tijuana plant.

Costco Buys Otay Mesa Warehouse

Costco Wholesale Corp. has purchased a San Diego warehouse building for just over $17.8 million, as it expands support operations for its western U.S. stores.

Biotech Picks San Diego for U.S. Operation

An Italy-based biotech company said it has formed a U.S. subsidiary in San Diego.

Wednesday, December 22

Report: Home Prices Set to Rise Over Next 12 Months

San Diego home prices are forecast to rise 3.5 percent over the next 12 months, making it the strongest residential market in the nation, according to a Dec. 22 report from Veros Real Estate Solutions, a Santa Ana mortgage services firm.

Fashion Valley Finishes Initial Phase of Renovation

Operators have completed renovation of the food court at Fashion Valley, the first phase of an ongoing $15 million revamp of the mall in San Diego’s Mission Valley.

Tuesday, December 21

Economic Index Signals Slow Growth

The Index of Leading Economic Indicators for San Diego County increased 0.3 percent in November after three months when the index was flat.

Airport Board’s Move Means Concessions May Retain Familiar Faces

Workers at Lindbergh Field’s concession outlets received a bit of good news Dec. 20 after the board that manages the airport unanimously passed a resolution approving a worker retention policy.

Monday, December 20

GA’s Novel Catapult Sends Aircraft Soaring

Officials with General Atomics said Dec. 20 that the U.S. Navy successfully launched a manned aircraft using its electromagnetic catapult system.

It’s Showtime, Folks, for the Poinsettia Bowl

We all love a parade, but this one’s a doozy! Westfield Horton Plaza sponsors this year’s music march that kicks off the Poinsettia Bowl set for Dec. 23

Retirement-Home Builders Scale Back

REAL ESTATE: Focus Is on Smaller, Affordable Homes

Lingering real estate woes have played havoc with many baby boomers’ retirement plans. They’ve also forced some changes in what’s being offered by developers of retirement communities.

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Incubator Program Nurtures Startup

TECHNOLOGY: Independa Joins ‘Exclusive’ Group

Independa Inc., a startup that’s looking at developing wireless monitoring devices for the caregiver market, is getting a little care of its own as it works to stretch its investment dollars.

CCDC Can Be Model for City’s Redevelopment

The Centre City Development Corp. is under attack. Its funding “cap” is in jeopardy and its money source could be disbursed for other city needs. Its very existence is being questioned.

Donation Will Help to Deliver Gift of Good Music to Many Seniors

The late Muriel Gluck bequeathed $750,000 to UC San Diego to underwrite a new concert series for seniors in San Diego. Undergraduate and graduate students in the university’s Department of Music will present the “Gluck Series,” a concert series bringing monthly performances to senior citizens throughout the county.

A Course of Action Is Needed on Important North County Issues

With the end of 2010 just days away, several key issues remain unresolved in the great North County. Let’s check off just a handful of them.

CEO Seeks to Make Connections With Hospitals

TECHNOLOGY: Firm’s Medical Tracking Systems Show Potential for Growth

Growing market share in the year ahead is at the top of the priority list for Jay Deady, who on Dec. 1 was hired as president and chief executive officer at Awarepoint Corp., the San Diego-based provider of tracking systems for equipment and patients.

New Cruise Ship Terminal Can Land a Variety of Events

PORT: Facility Aims to Be Public Venue as Well as Efficient Docking Area

The Port of San Diego has opened a long-planned, $28 million cruise ship terminal and public events center on Broadway Pier. It is among several ongoing improvements aimed at bolstering a cruise industry with an estimated $300 million impact on the local economy.

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Real Estate Roundup

Projects, developments and other activity in cities in and around San Diego County

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Professional Profile: Terry W. Moore

Terry W. Moore is the managing partner and founder of Moore Venture Partners LP, a traditional venture capital fund investing alongside top venture capital firms in San Diego’s life sciences and technology companies.

Expansion-Minded Biotech Looks to Locate Headquarters Locally

RESEARCH: HemaQuest Advancing Development of Sickle Cell Disease Drugs

After being headquartered in two other cities in the space of three years, HemaQuest Pharmaceuticals Inc. is touching down in San Diego, a situation which brings the company — which is focusing on therapeutics to treat hemoglobin diseases — into the path of greater investment opportunity, according to its new chief executive officer.

La Jolla Institute’s Work Might Prove Crucial to Drug Developers

RESEARCH: Database Helps Local Companies Developing Vaccines

Computer modeling could be giving some researchers a head start on how to better proceed in drug development.

Don’t Worry, Be Happy Philosophy Works Well for Quake Global

MANUFACTURING: Firm Reports Sales Growth From $1M in ’03 to $20M Today

Quake Global Inc. has carved out a profitable business niche by becoming a leading manufacturer of communicators for multiple satellite and terrestrial networks, the company said, but the key to its innovations is the investment it has made in its employees.

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Region Grows as a Technology Employment Hotbed

WORK FORCE: San Diego Ranks 11th Nationally With 111K Industry-Related Jobs

San Diego’s reputation as a hotbed for high-tech was burnished earlier this month by a report from a national trade group that shows the region was tops in terms of showing a net gain of jobs for 2009.

Climate for Restaurant Industry Warming Up

HOSPITALITY: Restaurateurs Opening More Locations Locally

Some experienced restaurant owners are testing the strength of the economic recovery by opening more San Diego County locations.

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Driving Ahead

TRANSPORTATION: New-Car Sales Rising; Preparations for Auto Show Ramping Up

With new-car sales improving, local dealers are hoping to see more crowded showrooms after The San Diego International Auto Show.

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Investment Bankers Adjust to a Changing Business Climate

FINANCE: Industry Maximizes Scarce IPO, Merger Opportunities

Investment bankers say it’s a tough time in their business — if they’re still in the business.

Tech Coast Angels Financially Nurtures Fledgling Businesses

VENTURE CAPITAL: Consortium of Investors Also Offers Resources

Suppose 50 or 60 business, science and technology professionals get together with their checkbooks and give young companies and projects the chance to audition for funding that can push them into the big time?

Entrepreneurs Rise to the Challenge of Securing VC Funding

FINANCE: Firms Relentless About Pursuing Monetary Support in Harsh Economy

Two-year-old ecoATM recently arranged a yet undisclosed multimillion-dollar investment from a syndicate of three venture capital firms in a process that took about a year.

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Economic Forecasts See Some Opportunities for Investments

With sluggish growth prospects ahead in 2011 for San Diego County and the rest of the nation, property investors and building tenants will continue to find opportunities amid a mixed bag of economic trends.

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Report Shows Extent of Drop in Small-Business Lending in State

Bank lending in all its permutations is down from where it was before the Great Recession that began in 2007, but it’s really down for small businesses based in California, according to a recent report by the California Reinvestment Coalition.

Regional Report

News and notes from communities around San Diego County

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Friday, December 17

Jobless Rate Hits 10.4 Percent

San Diego’s unemployment rate increased to 10.4 percent in November, rising from October’s revised rate of 10.3 percent, according to the Dec. 17 report from the state’s Employment Development Department.

Thursday, December 16

For Port Employees, Third-Friday Furloughs Are History

As a result of a variety of budget tightening measures and some positive legal news, the Port of San Diego said it ended a work furlough program instituted last year.

Wednesday, December 15

Growing City National Bank Names 6 Branch Managers

City National Bank, based in Los Angeles and with eight offices in the county, said Dec. 15 it hired six new branch managers to help continue the bank’s expansion here.

Tuesday, December 14

Fresenius Medical Care Recognizes Clinics for Excellence

Fresenius Medical Care North America, a company which operates a network of dialysis facilities throughout the U.S. and Canada, named 13 of its San Diego-area dialysis facilities Centers of Excellence for achieving the highest standards in patient care in 2009.

REIT Arranges $425M Credit Facility

Escondido-based Realty Income Corp., which invests in retail and other commercial properties, has entered into a new $425 million unsecured acquisition credit facility, to replace an existing $355 million facility.

Monday, December 13

Verisk to Acquire 3E Co. for $110M

3E Co., a provider of services that help companies comply with government-mandated environmental health and safety requirements based in Carlsbad, was acquired by Verisk Analytics Inc., an insurance data specialist based in Jersey City, N.J. for $110 million.

Real Estate Roundup

Projects, developments and other activity in cities in and around San Diego County

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Natural Forms Offer Potential for Product Designers

TECHNOLOGY: Local Innovation Cluster Would Focus on ‘Biomimicry’

Nature is one of the best R&D labs available, according to a local group exploring the potential of the business of biomimicry as a future economic driver in the San Diego region.

Downtown Developments

URBAN PLANNING: Search Under Way to Find Developers To Work on East Village Projects

It could take 10 to 15 years or more to become reality, but developers have begun to envision the next new neighborhoods to take root in downtown San Diego’s Upper East Village.

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Design Studio ‘Imagines’ Car Of the Future

North County nugget. Mercedes-Benz’s famed Advanced Design Studio in Carlsbad has “imagined” what the “eco-car” of the future might look like.

Armon Mills to Leave San Diego Business Journal

MEDIA: Mills to Resume Career in Accounting Industry in February

Armon Mills, president and publisher of the San Diego Business Journal, has announced his resignation. Mills plans to resume his career in the accounting industry, joining J.H. Cohn LLP as the firm’s regional director of practice development effective Feb. 1.

Civita Development Brings Hope to Housing Market

CONSTRUCTION: Project Will Take at Least 12 Years To Build Over 4,000 Homes

In a sign of a potential awakening in San Diego’s near dormant housing construction market, developers have broken ground on Civita, a long discussed, 230-acre mixed-use development that will eventually include more than 4,000 homes in the city’s Mission Valley area.

SonTek/YSI Acoustic Instruments Are the Measure of Success

MANUFACTURING: Tools Help Manage and Monitor Water Resources

“Water, water everywhere, nor any drop to drink,” the great British poet Samuel Taylor Coleridge wrote in “The Rime of the Ancient Mariner.” Those words have particular relevance to Sorrento Valley-based SonTek/YSI, a manufacturer of acoustic devices designed to monitor and measure the flow of water in canals, rivers and streams, as well as large bodies of water such as lakes and oceans.

Chargers Staying Put at Qualcomm, at Least for the Next Season

SPORTS BIZ: Proposed $800M Downtown Stadium Still Remains Viable Option

The San Diego Chargers said the team won’t pull the trigger and exit Qualcomm Stadium next season, but refused to make a commitment to stay in San Diego beyond that, according to a team announcement Dec. 8.

Home Builders Put Plans for Large Developments in Motion

CONSTRUCTION: Area Projects Jump-Start Slow Construction Rebound

Prospects for a recovery in San Diego County’s housing market, especially in the North County area, received another boost recently when Beverly Hills-based Shapell Homes announced its acquisition of approximately 200 acres in Carlsbad, to eventually build more than 600 homes.

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Daphne’s Greek Café to Deliver Healthier Menu, ‘Cooler’ Eateries

HOSPITALITY: Sites to Be More Hip, Dish Up Higher Grades of Meat, CEO Says

Nearly a year after its bankruptcy filing, the new leader of Daphne’s Greek Café is looking to reintroduce the fast-casual restaurant chain to the dining public.

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Hospital Performs Area’s First Robotic Surgeries on Oral Cancers

HEALTH CARE: Technique Could Reduce the Length Of Patients Hospital Stay

The first transoral robotic surgeries in San Diego have been performed at Sharp Chula Vista Medical Center and all three patients who underwent those procedures are recovering well, said the surgeon who is leading up the effort to help patients beat early-stage oral cancer.

UC San Diego Receives $6.5M To Decipher Protein Interactions

BIOTECH: Effort Could Shine Light on Diseases; Big Pharma Takes Notice

Before drugs can be put into the pipeline in the future to battle diseases with a genetic component, pharmaceutical companies first “need to know how different proteins talk to different proteins,” said San Diego scientist Trey Ideker, who is leading up an effort to crunch data in the study of biological networks, an effort that recently got the backing of the federal government.

Regional Report

News and notes from communities around San Diego County

Metro United Bank Shrinks, Deals With Recovery’s Slow Pace

Metro United Bank, based in San Diego and operating six branches in the state, continues to grapple with high amounts of problem assets, but at least it has higher than average capital ratios to fall back on.

Move Puts Hurdles in Way of Big-Box Retailers

San Diego shoppers who don’t live near one of Wal-Mart Stores Inc.’s “Supercenter” locations — which sell a full line of groceries in addition to general merchandise — will likely have to wait a little longer for one to come to their neighborhood.

Economic Turmoil Takes Its Toll on San Diego’s Wealthiest

FINANCE: Vast Fortunes Have Been Won and Lost During Great Recession

Just as the Great Recession took its toll on the ranks of the middle class and poor, it’s also caused considerable pain among the ultra-rich.

Professional Profile: Keith McKenzie

As a founding partner at Delphi Private Advisors, Keith McKenzie focuses exclusively on providing customized wealth management solutions for wealthy families, including integrating and optimizing all aspects of their financial affairs.

Firm Charged Up About Its Ability to Make Batteries Last Longer

TECHNOLOGY: Startup Raises Funds, Works With Automaker, Research Lab

Wildcat Discovery Technologies is fast tracking methods to develop better battery materials and sell them to a wide variety of customers.

Growing Educational Community Sparks Commercial Development Plans

Planning for Upper East Village commercial development is being spurred in part by growth at schools in that area of downtown San Diego.

Ocean Discovery Institute Opens Up World of Learning for Young People

Ocean Discovery Institute held its annual Bubble Up! Gala at CalIT2 and Warren Mall, UC San Diego on Nov. 6.

Ballpark Will Bring Benefits to Escondido

Escondido can restore its claim as the economic hub of North County by taking advantage of a once-in-a-generation opportunity to build a minor league ballpark in its strategically important but aging urban core.

Extended Education Serves a Changing World

What — a college that is entrepreneurial? Very few academics or lay folk give the university much credit for being innovative or entrepreneurial even though it may have entire courses dedicated to the subject.

Company That Oversees County Pension Fund Sold

FINANCE: Executive Says Fund’s Management May Improve Under Texas Firm

Lee Partridge, the county employee pension fund’s chief investment officer, says the sale of his consulting business to a larger Houston-based investment firm won’t alter the service he’s now providing, and instead, give the fund increased resources to achieve better results.

Small Ad Agency Discovers Bigger Is Better

MARKETING: Jacob Tyler Moves Into Larger Offices; Staff Size, Revenues Grow

If you’re good, creative and nimble enough, a small advertising agency can make it these days, say the folks at Jacob Tyler Creative Group.

Jobless Rate Takes Bite Out of Jack’s Sales

HOSPITALITY: Jack in the Box Selling Many Company-Owned Restaurants to Franchisees

Like most fast-food purveyors, Jack in the Box Inc. continues to feel the pain from the economy.

Bovine Virus Test Kit Aims to Help Cattle Industry

BIOTECH: Life Technologies Strives to Detect Disease That Takes $2 Billion Toll Annually

If current sales efforts go as planned, Life Technologies Corp.’s new detection kit for a bovine virus could potentially be a cash cow for the Carlsbad-based company, which manufactures biotech tools for customers across a wide spectrum of industries.

Friday, December 10

Port of San Diego Names Permanent Chief

Port district commissioners have appointed Wayne Darbeau as the permanent president and chief executive officer of the Port of San Diego.

Life Technologies Product Makes Innovative List

Carlsbad-based Life Technologies Corp. has announced that one of its products has been named one of the Top Ten Innovations of 2010 by The Scientist Magazine.

Westin San Diego Gets New Owner, Operator

Interstate Hotels & Resorts has signed agreements to manage 13 hotels acquired by affiliates of The Blackstone Group, including the 436-room Westin San Diego at 400 W. Broadway.

Dignitaries Break Ground on Sunrise Powerlink

Gov. Arnold Schwarzenegger along with top officials from San Diego Gas & Electric Co. and elected officials gathered in Boulevard on Dec. 9 to break ground on the controversial Sunrise Powerlink transmission line.

Thursday, December 9

Green Job Fair Set for Friday

Prospective employers will feature education and information about green career opportunities at a Green Industries Job Fair, which is scheduled for Dec. 10.

Chargers Staying Put at Qualcomm in 2011

The San Diego Chargers said the team won’t pull the trigger and exit Qualcomm Stadium next season, but refused to make a commitment to stay in San Diego beyond that, according to a team announcement Dec. 8.

San Diego Will No Longer Be Home Port to USS Nimitz

The aircraft carrier USS Nimitz, which left Naval Air Station North Island on Dec. 6 for a year of maintenance in Bremerton, Wash., has permanently changed its home port, leaving San Diego.

Wednesday, December 8

Port Officials Delay Action on Embarcadero Plans

San Diego port district commissioners have postponed action until January on revised plans for the first phase of development in the long discussed North Embarcadero improvement project.

Study Eyes Hypothermia’s Potential to Help Stroke Patients

Researchers at the UC San Diego School of Medicine are part of the largest clinical trial of hypothermic brain cooling for stroke to date.

Downtown Partnership Names President

Kris Michell, who’s worked for both Mayor Jerry Sanders and former Mayor Susan Golding as chief of staff, was named president of the Downtown San Diego Partnership, a nonprofit business advocacy group, the organization said Dec. 7.

Tuesday, December 7

Northrop Receives $12.7M Defense Contract for Aircraft Electronics

Northrop Grumman said Dec. 6 that it received a $12.7 million, 22-month contract to provide electronics for aircraft operated by the U.S. Air National Guard and U.S. Air Force Reserve Command.

Survey Uncovers Employers’ Hiring Plans

Some 18 percent of local employers said they plan to hire more employees in the first quarter of next year, while 7 percent said they would cut workers, according to the latest survey from Manpower.

Monday, December 6

S.D.’s Clean-Tech Profile Grows Globally

CLEAN-TECH: Innovative Work Leads Group to Select City for U.S. Launch of Worldwide Partnership

San Diego clean-tech luster shone a little brighter when the city was chosen as the site of the U.S. launch of the Global Cleantech Cluster Association, a partnership consisting of more than 20 of the world’s leading clean-tech clusters.

Professional Profile: Philip E. Graham

Philip E. Graham is the vice president of institutional advancement for Sanford-Burnham Medical Research Institute.

Shopping Revolution Shakes Up the Business World

On the day after “Cyber Monday” it was reported that $1 billion worth of transactions took place on the Internet, the largest one-day Internet consumption on record.

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Mayor Was Always Faithful to Service Members and His City

November’s election brought about many leadership changes in North County. With the exception of Oceanside, all of the North County cities got new mayors. One of the new selections approached historic in nature; The City of Carlsbad has a new mayor for the first time in 24 years.

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Football Helps Hotels, Eateries Get Their Kicks

SPORTS BIZ: 2 College Bowl Games Generate Millions for S.D. Economy

The college football bowl season has been good to San Diego in the past, but it could be even better than usual this year.

Retailers Upbeat About Holiday Shopping Season

WORK FORCE: Gains in Employment, Auto Sales Fuel Countywide Growth Trend

With the 2010 holiday shopping season now in full swing, store and retail center operators in San Diego County are looking to recover from the dismal sales performances of the past two years.

UCSD Students Study Abroad In 52 Nations

UC San Diego ranks 10th in the U.S. among research institutions for the number of students who go abroad each year to study, according to a news release from the Institute of International Education

Belmont Park Operator Files for Bankruptcy

HOSPITALITY: Rent Increased From $70K to More Than $760K in 1 Year

A rent dispute with the City of San Diego about Belmont Park, a mainstay at Mission Beach since 1925, apparently has landed its current operator in bankruptcy court.

Aetna Changing Compensation for Brokers, Agents

INSURANCE: Use of Direct Service Fee Model Creating Sea Change

Because of changes wrought by health reform legislation, the idea of health insurance brokers and agents collecting commissions for their work will soon be a thing of the past.

Conducting Business

CULTURE: Contributions From Firms Help Symphony Thrive in Its 100th Year

What holds the San Diego Symphony together?

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Junior Achievement Inducts 4 Business Leaders Into Hall of Fame

Junior Achievement of San Diego & Imperial Counties inducted four San Diego business leaders into its San Diego Business Hall of Fame.

Real Estate Roundup

Projects, developments and other activity in cities in and around San Diego County

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Professional Profile: Philip E. Graham

Philip E. Graham is the vice president of institutional advancement for Sanford-Burnham Medical Research Institute.

Corporate America Is Once Again in a Giving Mood, Study Says

NONPROFIT: Donations Spread Good Will While Polishing a Brand’s Image

One of the most cheering statistics of the last year is a report by Giving USA Foundation, released in July, that found that charitable giving by about 1 million U.S. businesses is up — at a time when most giving has fallen off and government funding is shrinking.

Executives Set the Tone for Generous Philanthropic Giving

WORK FORCE: Making Contributions Becomes a Part of Corporate Culture

When it comes to donating to nonprofits, leading by example is a recurring theme among some of the most generous businesses in San Diego.

Sharing the Wealth

Philanthropy: Companies Have Soft Spot for Nonprofits Even in Hard Economic Times

Businesses in the San Diego region have been hit hard by the recession, but many corporations continue to support the nonprofit organizations that help weave the community’s social safety net.

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Professional Service Is Key to Effective Volunteer Contributions

As the economy continues to affect our communities and neighborhoods, more companies are considering how their skills, talents, and resources can help.

Helping the Community Is Now Good Business

Thankfully, amid the worst financial crisis in decades, many companies throughout the country as well as here in San Diego have found creative and strategic ways to continue and even extend their philanthropy

Credit Union’s $42.3M Profits Reflect Insurance Charges

San Diego County Credit Union reported a third-quarter net profit of $42.3 million, a decline of 23 percent from the net profit for the like quarter of last year, according to financial reports filed with the National Credit Union Administration.

Transferring the Debt Service of Convention Center Proposed

Four San Diego City Council members have proposed transferring debt service on the San Diego Convention Center from the city’s General Fund to the Redevelopment Agency.

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Regional Report

News and notes from communities around San Diego County

XCom Global Connects Overseas Travelers to the Net on the Cheap

TECHNOLOGY: Rental Users Tap Into Wireless Hot Spots Internationally

Kenneth Herskind describes his rental business based here in San Diego as “the Netflix of international wireless data access.”

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Local Electronics Firm Reduces Its China Work Force

MANUFACTURING: Facilities Moved Inland To Boost Profit Margins

Here’s a switch: A San Diego-based firm downsizing and cutting jobs in China.

Friday, December 3

REIT Buys Convenience Stores for $248M

Escondido-based Realty Income Corp., which invests in retail and other commercial properties, has completed an acquisition of 135 SuperAmerica convenience stores and one support facility for approximately $248 million.

SeaWorld San Diego Lays Off 80 Workers

SeaWorld San Diego has laid off 80 workers as part of a companywide restructuring carried out Dec. 2 by Florida-based SeaWorld Parks & Entertainment, which included 350 layoffs.

Scientists Map Genetic Network’s Response to DNA-Damaging Agents

Using a new technology called “differential epistasis maps,” an international team of scientists, led by researchers at the UC San Diego School of Medicine, has documented for the first time how a cellular genetic network completely rewires itself in response to stress by DNA-damaging agents.

Thursday, December 2

Rumors Swirl Over Possible Sale of Chargers; Team Says No Deal “Pending or Imminent”

The Internet and sports talk radio were buzzing again Dec. 1 following a report from a Toronto sports talk radio station that San DiegoChargers majority owner Alex Spanos is selling 35 percent of the team to Philip Anschutz, billionaire chairman of AEG, the company that has proposed building a football-only stadium in downtown Los Angeles.

Wednesday, December 1

San Diego’s Economic Index Remains Flat in October

San Diego’s economic condition stayed absolutely flat in October, the third consecutive month it’s done that, according to an economic index compiled by the University of San Diego Burnham-Moores Center for Real Estate.

Sharp Chula Vista Medical Center to Expand its Emergency Department

Sharp Chula Vista Medical Center’s Emergency Department is undergoing a multimillion dollar expansion that will more than double its current capacity.