SD FINANCE

Suja Co-founder Lawless Launches Makeup Startup

Annie Lawless, the early co-founder of San Diego’s juice giant Suja Juice has launched a new venture in San Diego: a makeup company called Lawless. Like Suja Juice, this brand is also targeted to the health-conscious consumer. The company’s cosmetics are said to be free of carcinogenic, toxic, hormone and endocrine-disrupting ingredients, according to the company’s press release.

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Project Concern Puts New USDA Grant to Work in Nicaragua

In honor of World Food Day on Oct. 16, 2017, San Diego-based Project Concern International announced the expansion of its McGovern-Dole International Food for Education Program in Nicaragua. Thanks to a new award from the U.S. Department of Agriculture, the global nonprofit will provide 77,500 school children with daily school meals in some of Nicaragua’s most remote and vulnerable communities.

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Ignyta Inc. Raises $160 Million in New Stock Offering

San Diego drugmaker Ignyta Inc. is piggybacking off recent positive press by raising $160 million in a new stock offering.

AMN Brings Life-Changing Surgeries to Kids in Guatemala

AMN Healthcare just returned back from its 5th annual mission trip to Guatemala, where the team has touched more than 16,000 people with its life changing efforts. This year, the focus was the disfiguring condition Strabismus, which creates a cross-eyed effect and is easily addressed through surgery. Strabismus does not affect the child’s brain or development otherwise, but they are rarely offered treatment.

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Seacoast Commerce's Q3 Net Income Impacted by Merger

Seacoast Commerce Bank reported recently that its net income in the third quarter, which ended Sept. 30, was about $1.43 million, 4.9 percent below a year ago.

New Fitness App Brings Huge Body of Knowledge to Personal Workout

Analytics Guide Users; Co. Plans to Capitalize On Free App’s Audience Down the Road

When you get brilliant software engineers in the same room as fitness junkies, a workout app will inevitably be born.

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VC Funding Up While Quantity of Deals Is Down in Q3

INVEST: Brain Corp.’s Series C Brings $114M; Strong Q4 Is Expected

Investments in emerging companies in San Diego were bigger but fewer in number during the third quarter compared with the same time last year.

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Opposites Attract in Merger of Seacoast, Capital Bank

BANKING: Traditional Commercial Bank Added To Seacoast’s SBA Focus

San Diego’s Seacoast Commerce Bank has completed its first acquisition. The merger with San Juan Capistrano-based Capital Bank, now a division of Seacoast, closed Oct. 1. The banks’ systems will be integrated Oct. 30, said Rick Sanborn, CEO of Seacoast.

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Dashboard: San Diego Last in Affordability Among Similar Metros

Compared to nine similar metro regions, San Diego finished last in affordability and has the third highest cost of living.

Business Confidence Index Remains Moderately Positive

The San Diego Regional Chamber of Commerce’s business outlook index has dropped since the beginning of the year, though it remains in moderately positive territory

Reliant Funding Names Steven Kietz as Chief Marketing Officer

San Diego-based alternative lender Reliant Funding has hired Steven Kietz as chief marketing officer.

San Diego Private Bank's Parent Co. Reports Increase in Earnings, Assets

Private Bancorp of America, the parent company of San Diego Private Bank, announced an 8 percent year-over-year increase in quarterly earnings Oct. 18.

CareFusion to Lay Off Up to 81 Employees in San Diego

Medical device maker CareFusion will eliminate about 81 positions in San Diego as part of a strategic shift.

Evofem Biosciences, Neothetics Announce Merger Agreement

Following its failure in the clinic, San Diego’s fat-busting biotech Neothetics is folding into a growing local company called Evofem Biosciences.

Ernesto M. Arredondo Jr. Named Chief Banking Officer for Seacoast Commerce

Seacoast Commerce Bank has hired its first chief banking officer, longtime banker Ernesto M. Arredondo Jr.