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Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...

Credit Data Analytics for Zebit’s Lending Model

FINANCE: Company Is Able to Avoid Harsh Penalties for DelinquenciesAn under-the-radar San Diego e-commerce startup is looking for creative solutions to provide credit for underbanked customers.

Contractor Selected for Tenth Avenue Marine Terminal Project

This will include the demolition and disposing of a second transit shed, rail and stormwater improvements and new pavement.

Cellular Aquaculture Co. Seeks to ‘Grow’ Seafood

ENVIRONMENT: BlueNalu Puts A Biotech Twist on Catching Dinner

To satisfy the world’s growing appetite for seafood, one San Diego company is exploring laboratories rather than the ocean.

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New EvoNexus Round Targets Defense-Tech

STARTUPS: San Diego Accelerator Teams Up With Viasat, Cubic for Program

San Diego tech accelerator EvoNexus has gained a new corporate backer. Cubic Corp., a San Diego company that develops defense and transportation systems, will join the accelerator for the first time to launch an application round with Viasat Inc.

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Startups: Software Startup Looks to Get the Lion’s Share of Real Estate

San Diego sales software companies started 2019 off strong, with Seismic reporting $100 million in revenue, another notch toward a potential IPO. A younger software startup, LionDesk, also has ambitious plans.

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Gossamer Bio Goes Public with Upsized $276M Offering

Gossamer Bio — a closely watched San Diego biotech during the government shutdown — made its public debut Feb. 8 with an upsized $276 million offering.

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Philathropy: Tea by the Sea Supports Artistic Expression

St. Madeleine Sophie’s Center, or SMSC, partnered with The Marine Room to host the annual Tea by the Sea celebration recently. The event hosted 210 guests and raised more than $19,000 to fund SMSC’s art program, where students can explore their creativity through a variety of artistic mediums at Sophie’s Gallery.

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Philanthropy: Bank Enriches Lives With Support of Music Program

U.S. Bank announced that it awarded $5,000 to the San Diego Center for Children’s Music Enrichment Program. The music program empowers youth with mental, emotional, or behavioral disorders to overcome the challenges they are experiencing and the obstacles that keep them from achieving their greatest potential.

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Philanthropy: Feed the Kids Food Pantry Gets Stocked Up

GBOD Hospitality Group, the team behind Mezé Greek Fusion, Havana 1920, El Chingon, Prohibition Liquor Bar, Monkey King and Mezé at Liberty Station, presented It’s All About The Kids foundation with a check for $17,500 at its holiday party for kids at the Feed The Kids Food Pantry.

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Philanthropy: Another Winning Effort by Helen Woodward Animal Center

The Helen Woodward Animal Center announced that Center Pet Encounter Therapy Manager, Robin Cohen was presented the 10 News LEADership award for her decades-long work in sharing the love of animals with those in need throughout our community. Cohen has led the center’s Pet Encounter Therapy, or PET, program for 25 years.

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Philathropy: Hardcore Fitness’ Donation Is a Lifesaver and Life Changer

Hardcore Fitness San Diego donated $2,600 to local nonprofit Fresh Start Surgical Gifts to benefit kids with physical deformities. All proceeds will benefit the Fresh Start Medical Program that provides free-of-cost reconstructive surgery for infants, children and teens with physical deformities caused by birth defects, accidents, abuse or disease.

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Lithium-Battery Maker Flux Power Grows Revenue

Flux Power Holdings Inc. reported a net loss of $2.92 million on revenues of $2.7 million for the second quarter of its fiscal year. Revenue grew 126 percent from the same quarter last year, when Flux had $1.2 million in sales.

Sempra to Sell Wind Assets for $551M

Sempra Energy said on Feb. 12 that it has agreed to sell its wind generation assets to American Electric Power for $551 million in cash. It's part of a wider effort to divest of its generation and natural gas storage assets.

JuneShine Acquires Ballast Point’s Scripps Ranch Facility

JuneShine’s North Park location will remain open concurrently.

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Qualcomm Sells Mobile Health Subsidiary

Qualcomm Life was sold to private equity firm Francisco Partners. It will be renamed Capsule Technologies.

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Sensors’ Price, Size and Power Source Are Right for IoT

After Qualcomm Inc. bought his first startup for $300 million, a company that made wireless chipsets, Wilocity founder Tal Tamir had another big idea. His newest company, Wiliot, is focused on making tiny, sticker-sized Bluetooth sensors that can be sold at less than a cent apiece.

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