SD BUSINESS JOURNAL DAILY ENEWS
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, 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’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 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.
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.
Temecula is getting a Mercedes-Benz dealership of its own.
Business events in and around San Diego County for the week of May 20 - May 26.
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.
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 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.
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 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.
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.
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.
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.
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 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.
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.
Fewer venture capital dollars have been invested into life sciences companies in the first quarter of 2013, according to a new PricewaterhouseCoopers report.
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.