SD BUSINESS JOURNAL DAILY ENEWS
Mushroom Networks Inc., a San Diego-based provider of networking solutions, is partnering with Canadian value added reseller Atcomtel Communications Inc.
San Diego-based Lumena Pharmaceuticals Inc. announced its drug LUM001 has received a positive opinion for orphan drug designation from a European regulatory committee.
Operators plan a multimillion-dollar renovation of The Declan Suites San Diego, a downtown hotel that recently switched from the Sheraton Suites banner.
REVA Air Ambulance, a fixed-wing air ambulance service provider, has completed the acquisition of American Care Air Ambulance and its affiliates.
San Diego-based CareFusion Corp. said it will acquire Vital Signs, a division of GE Healthcare, for $500 million as CareFusion moves to increase its respiratory care and anesthesiology businesses.
A Silicon Valley firm has put some San Diego know-how into a new tool to detect malicious software.
Construction in San Diego County and elsewhere in Southern California should continue to see recovery in 2014, led by coastal development of new apartments, according to a forecast by locally based consulting firm Xpera Group.
California Coast Credit Union signed a 10-year, $3.25 million naming rights agreement with San Diego State University for its Open Air Theatre.
San Diego-based Cardium Therapeutics has sold its To Go Brands subsidiary in a deal worth $2.5 million.
Tech Coast Angels, a group of private investors with a chapter in San Diego, said it recently invested about $1 million in two local startups, SeniorQuote Insurance Services and Rock My World.
San Diego Marriott Gaslamp Quarter operators plan a mid-December opening for City Sights, a glass-enclosed balcony venue being added to the hotel’s rooftop Altitude Sky Lounge.
Directeur LLC and Immobilier Funds of Rancho Santa Fe have purchased the 28-unit Cota Arms Apartments in North Park for $7 million, according to CoStar Group and public data.
Fitch Downgraded some $82 million in San Ysidro School District general obligation bonds — series B, C, D, E and F — to BB+ from BBB+.
Active Network, the San Diego based provider of online registration services, said Vista Equity Partners, the private equity firm that agreed to purchase the company in September, completed its tender offer on all of Active’s common stock, closing the transaction.
Orsibs LLC of San Diego has purchased the 49-unit Emerald Vista Apartments in Vista for $8.35 million.
Some of the business events happening around the county for the week of November 18, 2013.
Shares for San Diego’s Cadence Pharmaceuticals Inc. shot up 34 percent — to a two year high — following a favorable ruling from the U.S. District Court for the District of Delaware in a patent lawsuit against Exela Pharma Sciences Inc.
Silvergate Bank, based in University Towne Center and with about $600 million in assets, launched a mobile banking application that gives customers instant access to their accounts and the ability to make deposits via smartphones and wireless devices.
San Diego-based Illumina Inc.’s 13.5 percent stake in its rival Oxford Nanopore Technologies Ltd. has been sold to other investors.
Rancho Bernardo-based ImageWare Systems Inc., which offers biometric identification software, recently reported earnings for its third quarter.