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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BioMed Realty Signs Tenant Bristol-Myers to Additional Space and Lease Extension

Bristol-Myers Squibb has signed a 10-year lease with San Diego-based BioMed Realty Trust Inc. for about 61,000 square feet of additional laboratory and office space at BioMed’s Woodside Technology Park, a life science industry campus in Redwood City.

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Recovery In Their Sites

Economy: Construction Jobs Rise as Projects Get Going

Work at Kaiser Permanente’s new hospital in Kearny Mesa is going smoothly — so well that the expected completion of the $900 million project was moved up several months to March 2016. And that progress is reflected in the construction employment levels on the site.

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Realty Income Reports Gains in Revenue, Income for Second Quarter

Escondido-based Realty Income Corp. saw revenue rise 22.6 percent from a year ago in its second quarter ending June 30, reaching $228.6 million.

San Diego Private Bank Reports Q2 Results

San Diego Private Bank reported second quarter net income of $594,000, up from $253,000 for the like quarter of 2013 when the results were affected by the bank’s merger with Coronado First Bank.

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Qualcomm Reports Record Revenue

Qualcomm Inc. reported net income of $2.24 billion on revenue of $6.81 billion during its third quarter, which ended June 29.

La Jolla Pharmaceutical Prices Stock Offering

La Jolla Pharmaceutical Co., a developer of therapeutics targeting unmet life-threatening diseases, announced a price of $10.50 per share for a planned underwritten stock offering of 4.8 million shares of common stock.

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Illumina Reports Q2 Results

Illumina Inc. reported revenue of $448 million for the second quarter ending June 29.

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Dealstruck Fills Leadership Positions

Dealstruck, a San Diego online business that matches borrowers with investors who advance cash, said it hired three key executive to move the company forward.

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Shed Some 'Paper Weight' at Document Shredding Event

Folks who get off on breaking records certified by Guinness may want to attend what’s billed as a Super Shred Event sponsored by San Diego County Credit Union.

Former Qualcomm Executive Pleads Guilty to Insider Trading

Sentencing of Jing Yang set for November.

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Sorrento Therapeutics Awarded NIH Grant for Development of Small Molecule Protein Inhibitor

The grant supports research based on biotechnology licensed from The Scripps Research Institute.

County Employees Retirement Fund's Recent Fiscal Year Return tops 13 Percent

The San Diego County Employees Retirement Association's fund is at a record $10.1 billion.

CHW Launches Online Financial Counseling for Hopeful Low- and Moderate-Income Homebuyers

The service, called E-asy Account, uses real-time consumer data to help clients set realistic financial goals.

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Microsoft Layoffs to Cut 378 Locally

Microsoft Corp. said it’s embarked on a restructuring that will cut 18,000 people over the next year, including 378 based at its Rancho Bernardo office that once belonged to Nokia, which Microsoft acquired in April for $7.5 billion.

County's June Unemployment Rate Climbs to 6.1%

San Diego’s unemployment rate increased to 6.1 percent in June, up from May’s 5.8 percent despite the area adding a net of 9,700 jobs to county payrolls.