San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Bank of Southern California Completes $7 Million Capital Offering

San Diego-based Bank of Southern California announced Wednesday it has completed a capital raise of $7 million through its second common stock offering in as many years.

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Arena Pharmaceuticals Bails on Its Weight-Loss Drug

San Diego drugmaker Arena Pharmaceuticals Inc. is unloading its only FDA-approved drug, the anti-obesity pill Belviq, to its longtime Japanese partner, Eisai Co. Ltd.

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Genomics Pioneer Craig Venter Relinquishing CEO Role at HLI

Local genomics legend J. Craig Venter is stepping aside from his post as chief executive officer of Human Longevity Inc., turning over the helm to former GE Healthcare executive Cynthia Collins.

Qualcomm Rolls Out Initiatives on Eve of CES

Hoping to speed its fifth-generation wireless technology to market, Qualcomm Inc. plans to test the novel technology in the United States in cooperation with AT&T Inc. and Ericsson during the second half of 2017, the company said on Jan. 3. Tests will be in the lab and in the field.

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Barons Market Opens Latest Store in North Park

Barons Market recently opened a new store in North Park, the seventh location for the San Diego-headquartered specialty grocer.

Local Construction Starts Rose 44 Percent in 2016’s First 11 Months

San Diego County’s construction starts rose 44 percent from a year ago, topping $4.52 billion in value in the first 11 months of 2016, according to research firm Dodge Data & Analytics.

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Teledyne SeaBotix Earns Military Contract for Underwater Robots

San Diego-based Teledyne SeaBotix will supply 60 small unmanned underwater vehicles to U.S. military units specializing in explosive ordnance disposal, under a recently announced Pentagon contract.

Poseida Therapeutics Hires Regulatory Affairs Expert

Poseida Therapeutics Inc., a local firm using gene editing to develop medicines, announced that Debra Gessner, an expert in regulatory affairs, will join the company’s executive team.

San Diego Business Journal Accepting Nominations for “CFO of the Year Awards”

Nominations for the San Diego Business Journal’s “2017 CFO of the Year Awards” are currently being accepted through January 23.

Navy Awards Five-Year Contract to QED Systems Inc.

QED Systems Inc. received a five-year contract to provide services to the U.S. Navy, a contract that will bring tens of millions of dollars to the San Diego region.

Co.: S.D. Home Prices Will Continue to Outpace Rest of State

Real estate information service CoreLogic predicted San Diego County home values will continue to outpace the rest of the state, rising an average of 10.1 percent by November 2017 as compared with November 2016 levels.

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New SeaWorld San Diego Coaster Set to Open in 2018

SeaWorld San Diego has announced plans for Electric Eel, a new looping roller coaster with multiple launch elements, slated for a summer 2018 opening.

Qualcomm, Meizu Settle Patent Problems

Qualcomm Inc. announced on Dec. 30 that it has signed a patent license deal with a Meizu Technology Co. Ltd. of China, a former opponent in the Chinese courts.

Regulators Plan to Streamline Call Report Requirements for Small Banks

Federal banking regulators plan to relax quarterly reporting requirements for banks with less than $1 billion in assets and no overseas offices starting March 31.

CPUC Doesn't See Enough Independence in SDG&E's Initial Plan for Independent Marketing Division

The California Public Utilities Commission has rejected San Diego Gas & Electric Co.’s initial plan for forming an independent marketing division that would give customers information about local entities proposed to compete with the utility.

The Business Calendar for the Week of January 2, 2017

Some of the business events scheduled in the county for the week of January 2, 2017, and beyond.

Network in the New Year

The San Diego Business Journal’s annual Book of Lists party is on and you are invited.

Kratos Receives $17.5M Government Contract

San Diego-based Kratos Defense & Security Solutions Inc. announced Dec. 29 that it received a $17.5 million contract for command, control and communications from a U.S. government agency.

Women Entrepreneurs Invited to Put Their Innovation to the Test in SBA Competition

The U.S. Small Business Administration on Dec. 29 announced the launch of its third annual nationwide business competition for women entrepreneurs.

Northrop to Do Some Satellite Link Work in San Diego

Northrop Grumman Corp. will continue work on a military satellite link under a U.S. Navy contract worth $16.9 million and lasting through September 2018.