SD BUSINESS JOURNAL DAILY ENEWS
San Diego’s unemployment rate for October was 7 percent, unchanged from September and matching the nation’s overall jobless rate for the same month, according to the state’s Employment Development Department.
The U.S. Air Force recently said it awarded Mission Valley-based Ahntech Inc. a $12.4 million deal to provide services at several Air Force training ranges.
Samuel Kephart has been appointed interim president and CEO of the World Trade Center San Diego, the organization announced Nov. 26. He succeeds Steven Weathers, who announced his resignation, effective Dec. 4, for personal reasons.
Pacific Imperial Railroad named David Rohal as president of the company, effective Dec. 1.
GlaxoSmithKline PLC will open a new office in San Diego at the start of the year, as the British pharmaceutical giant aims to expand its reach on the West Coast.
Qualcomm Inc. announced on Nov. 25 that the Chinese government is investigating the company in relation to China’s anti-monopoly law.
Qualcomm Inc.’s sale of its subsidiary Omnitracs Inc. to Vista Equity Partners has been finalized, the company announced.
San Diego County’s contracts awarded for future construction declined 1 percent from a year ago in the first 10 months of 2013, according to new data from McGraw Hill Construction.
A company that creates booster technology for strengthening weak cellular signals for voice, data and video reception on cellphones and other such devices announced the opening of an innovation center in Sorrento Valley.
San Diego-based Orexigen Therapeutics Inc. will soon reapply for regulatory approval of its weight-loss pill, Contrave, after reporting that interim results from a large-scale study showed the drug doesn’t significantly increase heart disease risk in patients.
The U.S. Navy destroyer USS McCampbell became the first ship to go to sea with a new shipboard computing network dubbed Canes, system integrator Northrop Grumman announced on Nov. 25.
Avalon Ventures and GlaxoSmithKline PLC have launched their first company, Sitari Therapeutics Inc., with a $10 million Series A financing from the companies’ $495 million joint funding alliance.
AMN Healthcare Services Inc., a San Diego-based national health care staffing provider, acquired ShiftWise, a provider of Web-based health care workforce solutions.
GC Properties of San Diego has purchased two El Cajon apartment communities for a total of approximately $5.2 million, according to CoStar Group and public data.
Specialty women’s clothing retailer Free People will open its first city of San Diego location Dec. 6 at Westfield UTC mall, 4545 La Jolla Village Drive.
Blue Bridge Hospitality of Coronado plans a spring 2014 opening for Stake Chophouse + Bar, the company’s sixth restaurant concept and eighth location in that city.
Tenaska, the Omaha, Neb.-based majority owner of a 130 megawatt solar farm in Imperial County, refinanced $319.4 million in debt through a private placement.
Vital Therapies Inc. announced it is postponing its $75 million initial public offering, citing poor market conditions, according to equity research firm Renaissance Capital.
Drawbridge Realty Trust of San Francisco has purchased a Rancho Bernardo office building that houses Broadcom Corp., for $36.5 million, according to CoStar Group and public data.
Shipbuilder General Dynamics NASSCO of San Diego has been awarded a modification of approximately $12.1 million, under a previously awarded contract for work on the USS Somerset.