SD BUSINESS JOURNAL DAILY ENEWS
Synthetic Genomics Enters Research Agreement with ExxonMobil Corp.
La Jolla-based Synthetic Genomics Inc. has entered a new research agreement with ExxonMobil Corp., using genomics to develop strains of algae that can be used for biofuel.
Promenade Construction to Begin at North Embarcadero
Port district and city officials are marking what is deemed a significant milestone for the $28 million first phase of renovations to the North Embarcadero area in downtown San Diego.
Ambit Makes Market Debut
Ambit Biosciences Corp. began trading yesterday on the Nasdaq, announcing the pricing of its initial public offering at $8 per share. At market close, it traded at $7.30 per share.
Two Heirs of Late Walter J. Zable Fortune to Sell 2.3 Million Shares of Cubic Stock
The two heirs of the fortune of the late Walter J. Zable, the founder and chief executive of Cubic Corp., are selling about 2.3 million shares of the stock they own, according to a recent securities filing.
Osage Exploration and Development Reports Net Loss of $73,425 for Q1
Osage Exploration and Development Inc., a San Diego-based independent energy exploration and production company, reported a first quarter net loss of $73,425 compared with a net profit of $456,026 for the like quarter of 2012.
Lazy Dog Restaurant Hiring 200 for New Mission Valley Location
Orange County-based Lazy Dog Restaurant & Bar is hiring for 200 positions at its first San Diego location, set to open in June in Mission Valley.
Australia Expresses Interest in Global Hawk
The government of Australia wants more information on Northrop Grumman’s Global Hawk spy drone, according to the U.S. Department of Defense and its Australian counterpart.
Acadia Pharmaceuticals Expects $100M in Public Offering
San Diego-based drugmaker Acadia Pharmaceuticals Inc. has announced a public offering of its common stock, and said it expects gross proceeds to be $100 million.
ViaSat, L-3 Team Up to Provide Internet Service to Business Jets
Carlsbad-based ViaSat Inc. and a division of New York-based defense contractor L-3 said they plan to team up to provide high-speed Internet service to business jets.
Envision Solar International Reports Net Loss of nearly $1M for Q1
Envision Solar International Inc., a San Diego maker and designer of solar arrays, reported a first quarter net loss of about $1 million compared with a net loss of $984,000 for the like quarter of 2012.
City Council Approves Streamlining of Sidewalk Café Rules
San Diego City Council has approved changes to city code aimed at streamlining approval and reducing fees to establish sidewalk dining spaces at local eateries.
Life Science Venture Funding Drops Across the Nation
Fewer venture capital dollars have been invested into life sciences companies in the first quarter of 2013, according to a new PricewaterhouseCoopers report.
Think Tank Sees Room for Improvement in San Diego’s Exports
San Diego should be doing much better in exporting goods and services, according to a recently released assessment of the region by the Brookings Institution.
$90M Mixed-Use Development Planned for East Village
The San Diego Community College District has selected Lowe Enterprises and locally based I.D.E.A. Partners to develop a proposed $90 million mixed-used project in East Village, which would include office space, apartments, retail shops and restaurants.
Northrop Grumman Awarded Deal to Modernize Air Force’s Global Hawk Fleet
The U.S. Air Force recently awarded Northrop Grumman a deal that might exceed half a billion dollars, to modernize its Global Hawk fleet.
Sente Inc. Raises $2.1M in Series B Financing
San Diego-based skincare product maker Senté Inc. has raised $2.1 million in Series B financing from a pool of existing and new investors.
Navy Accepts Delivery of Its First Mobile Landing Platform Ship
The U.S. Navy recently announced that it had accepted delivery of its first Mobile Landing Platform ship from San Diego shipbuilder General Dynamics Nassco.
InfoSonics Corp. Reports Sales of $7.8M for Q1
InfoSonics Corp., the San Diego distributor of cellphones in Latin America, reported first quarter sales of $7.8 million, down 37 percent from the like quarter of 2012.
Northrop Grumman X-47B Performs First Unmanned Carrier Launch
The U.S. Navy announced the first launch of an unmanned aircraft from the deck of an aircraft carrier.
San Diego Sees Median Home Prices Increase in April
San Diego’s median housing price based on April sales rose 21 percent to $400,000, and local sales numbered 3,792, up 6.5 percent from the same month a year earlier, according to Dataquick, the local real estate research firm.
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