SD FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
San Diego’s Sequenom Inc. is being acquired by LabCorp, a giant in the diagnostics and lab testing industry, in a deal worth $371 million.
A Missouri-based manufacturer has acquired Escondido’s Custom Blow Molding, a producer of packaging and containers for the sports nutrition and nutraceuticals market. Terms of the deal announced Monday were not disclosed.
The unemployment rate in San Diego County was 5.1 percent in June 2016, up from a revised 4.2 percent in May 2016, and below the year-ago estimate of 5.2 percent, according to a news release from the state Employment Development Department.
The San Diego-based Challenged Athletes Foundation celebrated its 10th anniversary of A Celebration of Heroes, Heart and Hope Gala. More than 900 people attended the event at the Waldorf Astoria New York. During the last nine years, the New York gala has raised more than $11.2 million to help fulfill the organization’s mission. Funds raised at events have allowed CAF to raise more than $73 million in its 23-year history and satisfy more than 13,000 grant requests from physically challenged athletes in all 50 states and more than 32 countries.
Leaders at San Diego Startup Week have launched a web series on YouTube called “Startup Show San Diego.”
CAPITAL: Strong Q2 Is 7th Highest in Nation
Venture capital investment in San Diego rose last quarter to $350.5 million, bolstered by the region’s largest-ever deal.
Net income for Seacoast Commerce Bank corporate parent Seacoast Commerce Banc Holdings was nearly $1.78 million in the second quarter of 2016, a 30.4 percent increase compared to the second quarter of 2015.
Confidence among San Diego County businesses fell in June, according to the San Diego Regional Chamber of Commerce's monthly business outlook forecast, dropping to the lowest level since the index launched nearly three years ago.
Gene sequencing giant Illumina Inc. is calling for startups to apply to its business accelerator program for early-stage businesses in the genomics space.
San Diego molecular information firm AltheaDx Inc. has raised $2.2 million in debt financing, according to a form recently filed with the Securities and Exchange Commission.
San Diego-based private equity firm HCAP Partners has invested in Lucernex Inc., a Texas firm that sells cloud-based workplace management systems and lifecycle management systems to support its global expansion.
Make-A-Wish San Diego and San Diego Habitat for Humanity came together to make an inspiring young teen’s wish come true. Julia, a senior at Mission Hills High School in San Marcos, was an MVP on the varsity volleyball team and had visited the Dominican Republic last summer to build homes for families in need and was immediately hooked on giving back. She had plans to make a similar trip again this year, but in November, she was diagnosed with cancer that prevents travel.
With Gig Economy Workers and Data on Board, Wrapify’s Advertising Platform Is Moving Along
It’s been nearly a year since San Diego tech startup Wrapify began connecting drivers interested in getting paid for turning their vehicles into moving billboards with advertisers who wanted to track impressions from outdoor marketing in real time.
New Jersey-based Holman Automotive announced it has completed its acquisition of Kuni Automotive, a Vancouver company with 14 luxury dealerships in five U.S. states.
A New York-based plastics supplier has acquired M&M Plastics Inc., a plastics fabrication shop in Miramar that services businesses nationwide.