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SmartDrive Systems said on March 30 that it raised $50 million of additional venture funding.March 31, 2015 3:08 p.m. Share
Comerica Bank’s California Economic Activity Index declined in March, decreasing 0.6 of a percentage point to a level of 118.8, Comerica said.
San Diego foreclosure rates fell one-tenth of a percentage point in March compared to last year, with 0.42 percent of outstanding mortgage loans foreclosing, according to CoreLogic.
Chicago-based tax and advisory firm Grant Thornton LLP said Tuesday it was adding a former IBM vice president to its San Diego office as a principal in its advisory practice.
San Diego’s unemployment rate fell to 4.8 percent in April, the lowest since December 2007, according to California Employment Development Department figures released on April 22, below the California unemployment rate of 6.3 percent and the national rate of 5.1 percent.
FINANCE: Appreciation Is Determining Factor in Profits
Homeowners with most of their equity tied up in their house often turn to home equity lines of credit or reverse mortgages to get cash for retirement, start new businesses or do expensive renovations.
WORKFORCE: Critics Say Program Undercuts Citizens
The growing demand for highly skilled foreign workers in biotech and information technology is rekindling debate about the motivation driving companies to hire foreign talent.
The San Diego County Employee Retirement Association, which oversees a $10.6 billion pension fund for about 40,000 members, said May 21 it was appointing a chief investment officer to take over from Salient Partners, the group’s current portfolio manager.
Cidara Therapeutics Inc. reported May 21 a net loss of $6.7 million for the first quarter of 2015, up from a net loss of $707,000 in the same quarter of last year.
Mission Fed CEO Debra Schwartz to Serve Additional Term on Board of National Association of Federal Credit Unions
Mission Federal Credit Union CEO Debra Schwartz will serve an additional three-year term on the board of directors for the national credit union trade group, the association said.
San Diego County credit unions reported a collective $9.65 billion worth of loans, a 20 percent jump between April 2014 and March 2015, according to a new survey from the California Credit Union League.
Sevion Therapeutics Inc., a biopharmaceutical company developing therapies for cancer and immunological diseases, has raised $3.02 million in equity financing according to a recent statement filed with the Securities and Exchange Commission.
FINANCE: Local Cos. On Big Growth Curve With Financial Services
As recently as 10 years ago, few companies would give much thought to entrusting their financial services to an outsider.
FINANCE: Companies Turn to Consulting Firms For the Expertise Needed to Expand and Thrive
As San Diego businesses reach for international markets, roll out new product lines or get ready to be sold, the accounting management consulting firms that cater to them are experiencing healthy revenues and looking to expand.
When Kurt Chilcott thinks about Stone Brewing, he remembers the loan he helped the craft brewer get from the Small Business Administration to create a production facility and restaurant in Escondido.
PICO Holdings Inc., a diversified holding company based in La Jolla, reported a first quarter net loss of $16.8 million on revenue of $84.7 million. The same quarter last year produced a net loss of $13.2 million on revenue of $61.3 million.