San Diego Business Journal

SD FINANCE

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

TaylorMade Golf Sold to New York-Based Co. for $425M

KPS Capital Partners LP is buying Carlsbad’s TaylorMade Golf Co. from Adidas AG for $425 million.

By Brad Graves May 11, 2017 11:55 a.m. share »

Transit Contractor Closing, Laying Off 538 Workers

First Transit, the contractor that provides some of North County’s bus drivers, is shutting down its Oceanside office and laying off 538 local employees.

By Brittany Meiling May 10, 2017 2:59 p.m. share »

CVF Capital Partners Opens San Diego Office

CVF Capital Partners, a Davis-based private equity firm that specializes in providing lower middle market and middle market companies with mezzanine capital, has opened an office in downtown San Diego.

By Sarah de Crescenzo May 9, 2017 2:19 p.m. share »

AmpliPhi Biosciences Stock Price Tumbles 59 Percent Following Equity Offering Announcement

The stock price for local biotech AmpliPhi Biosciences was down 59 percent at market close May 5 following news that the company is raising $10.4 million in an equity offering.

By Brittany Meiling May 5, 2017 2:32 p.m. share »

Encore Capital Group Reports Q1 Revenue of $272M

Encore Capital Group Inc., a San Diego-based company that buys and sells credit card debt, reported revenues of $272 million in the first quarter of the year, about 6 percent lower than a year ago when the company earned $289 million.

By Sarah de Crescenzo May 5, 2017 11:41 a.m. share »

Herman Construction President Is a Runner-Up in SBA's Small Business Person of the Year Award

Escondido-based Herman Construction Group Inc. President Lars C. Herman was recently recognized by the U.S. Small Business Administration as one of three runners-up for its 2017 Small Business Person of the Year award.

By Sarah de Crescenzo May 5, 2017 11:25 a.m. share »

Kratos Reports Q1 Revenues of $167.8M

Kratos Defense & Security Solutions Inc. reported a net loss of $10 million, or 13 cents per share, on revenues of $167.8 million in the first quarter of 2017.

By Brad Graves May 5, 2017 10:40 a.m. share »
Tease photo

Encore Capital Announces New CEO

San Diego-based debt buyer and collector Encore Capital Group announced Thursday it has selected Ashish Masih, who heads Encore subsidiary Midland Credit Management, to succeed Ken Vecchione as the company’s president and chief executive officer.

By Sarah de Crescenzo May 4, 2017 3:45 p.m. share »
Tease photo

Nonprofit Guides Homeless Families to New Home, New Start

Solutions for Change announced that it held a ceremony at the Vista Civic Center recently to recognize formerly homeless families who were able to regain control of their lives through the nonprofit’s programs.

By Stephanie Glidden May 4, 2017 2:34 p.m. share »

Seacoast Commerce Bank to Acquire Orange County-Based Capital Bank

Seacoast Commerce Banc Holdings, parent company of Rancho Bernardo-based Seacoast Commerce Bank, has signed an agreement to acquire Capital Bank for $60 million in a cash-and-stock deal.

By Sarah de Crescenzo May 3, 2017 9:34 a.m. share »

Construction Employment Highest in Nearly a Decade

Construction employment in San Diego rose to 79,500 jobs at the end of March, up 8 percent from a year ago and nearly 20 percent more than in March 2015.

By Sarah de Crescenzo May 2, 2017 4:03 p.m. share »
Tease photo

Startup Tackles Big Business Inefficiency

After working for some of the biggest tech giants in California, the founders of Boxton Inc. realized that big businesses sometimes waste big money.

By Brittany Meiling May 1, 2017 3:27 p.m. share »

March Delivers Fifth Straight Month of Increases for Economic Index

March was a good month for the San Diego economy, and a San Diego professor has the numbers to prove it.

By Brad Graves April 30, 2017 1 p.m. share »

TNK Therapeutics Inc. to Acquire Scotland-Based Co. in Potential $34.4M Deal

TNK Therapeutics Inc., a subsidiary of San Diego’s Sorrento Therapeutics Inc., is acquiring Scotland-based Virttu Biologics in a stock deal worth up to $34.4 million.

By Brittany Meiling April 28, 2017 4:26 p.m. share »

San Diego County Credit Union's Assets Reach $8.1 Billion Mark in Q1

San Diego County Credit Union’s assets were up to $8.1 billion at the end the first quarter, an increase of nearly 9 percent compared to the same time last year, the financial institution reported April 26.

By Sarah de Crescenzo April 28, 2017 10:24 a.m. share »