SD BUSINESS JOURNAL DAILY ENEWS
Transit District Resumes Sprinter Train Service
North County’s regional Sprinter light-rail train service has resumed after a suspension of more than two months, after officials addressed maintenance issues affecting braking systems.
Overland Storage Reports Revenue of $11.6M for Q3
Overland Storage, a San Diego provider of data management and backup systems, reported fiscal 2013 third quarter revenue of $11.6 million, compared with revenue of $15.2 million for the like quarter of 2012.
San Diego Unemployment Rate Decreased to 7 Percent in April
San Diego’s unemployment rate decreased to 7 percent in April, down from 7.7 percent in March, and below the 8.6 percent it was in April 2012, according to the latest report from the state’s Employment Development Department.
Developers Debut Plans for ‘Makers Quarter’ in East Village
Developers have unveiled plans for an urban mixed-use neighborhood within East Village, called Makers Quarter, which would be part of a larger planned “I.D.E.A District” geared to attracting design and technology-related companies and workers.
Spy Inc. Reports Net Loss of $721,000 for Q1
Carlsbad-based Spy Inc., which produces sunglasses and goggles for youthful consumers and action sports enthusiasts, reported a net loss of $721,000 on net sales of $9 million during the first quarter of 2013.
Mercedes-Benz Dealership to Open in Temecula
Temecula is getting a Mercedes-Benz dealership of its own.
Business Events Calendar
Business events in and around San Diego County for the week of May 20 - May 26.
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.
