San Diego Business Journal

SD FINANCE

Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
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Vital Therapies Reports Q4 Results

San Diego-based Vital Therapies Inc., a company developing a cell-based therapy to help people suffering from serious liver disease, announced its fourth quarter financial results on March 19, reporting a net loss of about $14 million compared with a net loss of $10.2 million in the same quarter of 2013.

Cidara Therapeutics Aims for $69M With Planned IPO

Cidara Therapeutics Inc. has filed to raise up to $69 million in an IPO, the San Diego biotech disclosed in a registration statement filed recently.

O’Neal Named President of Lucia Securities

Lucia Capital Group, a San Diego-based family of companies in the wealth advice, asset management, and investment distribution spaces, named Tiy O’Neal president of Lucia Securities LLC, Lucia Capital Group’s broker-dealer platform.

Pfenex Inc. Reports Q4 and Yearly Results

San Diego-based Pfenex Inc., a clinical-stage biotechnology company that makes biosimilars, announced its fourth quarter financial results March 16, reporting a net loss of $3.57 million on revenue of $2.02 million. In the like quarter of 2013, the company reported $469,000 net loss on revenue of $4.23 million.

Local Biotech AltheaDx Backs Off From Its IPO Plans

FINANCE: Recent IPO Withdrawals Said Not To Be Cause for Concern

AltheaDx Inc. has withdrawn its plans to file an initial public offering (IPO), citing unattractive terms in the public marketplace, according to a regulatory filing.

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Port Has $4.4 Billion Annual Economic Impact

ECONOMY: 2013 Data Shows Impact Is Up 8% Since 2011

The Port of San Diego has an annual economic impact of $4.4 billion, according to a study commissioned by the agency and issued March 10.

Positive Energy

GREEN: State Policies Power Clean-Tech Sector Gains

California performed extraordinarily well in the clean energy industry last year, nearly tripling the number of jobs created in the fourth quarter of 2014 compared to the same period of the previous year, according to a recent economic report.

Port of San Diego Has Annual Economic Impact of $4.4. Billion

The Port of San Diego has an annual economic impact of $4.4 billion, according to a study commissioned by the agency and issued March 10.

North County Economic Clusters Creating Jobs and Challenges

The North County region outpaced the rest of San Diego County and the nation when it came to the growth rate for high-paying, higher-skill jobs during the past five years.

County Posts Unemployment Rate of 5.8 Percent in January

The unemployment rate in San Diego County was 5.8 percent in January 2015, up from a revised 5.5 percent in December 2014, but below the year-ago estimate of 7.2 percent, according to the state Employment Development Department.

USD to Offer New Graduate Degree in Finance

The University of San Diego said on March 9 that it was enrolling students for a new graduate degree: a master of science in finance.

TearLab Announces $35M Term Loan Agreement

San Diego-based TearLab Corp. has entered into a term loan agreement with health-care-focused investment firm CRG for up to $35 million in borrowing capacity, TearLab said.

Vibra Earns Top Ranking For Lending

BANKING: Merger With Pacific Commerce Approved by Shareholders

Vibra Bank said that it has been recognized as the No.1 “small size” SBA 7(a) lender for all of 2014 by the San Diego District Office of the U.S. Small Business Administration.

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San Diego Tourism Authority Aims to Grow International Visitors

Snagging a bigger share of Asian visitors now visiting California, particularly the fast-growing segment of travelers from China, will be among top 2015 priorities for San Diego Tourism Authority, officials said at the organization’s annual report and outlook gathering.

Region's Leading Economic Indicators Up Sharply in January

Economic indicators for the San Diego region rose sharply in January, according to the University of San Diego.