SD FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
Rhino Linings Corp., a San Diego maker of protective truck linings, said it acquired Advanced Coating Solutions, a San Diego developer and manufacturer of coatings including epoxies, urethanes, stains, sealers and topcoats, for an undisclosed price.
San Diego-based Acadia Pharmaceuticals Inc. reported a net loss of $10.7 million in its third quarter earnings this year — an increase from its $2.4 million loss in the third quarter of 2012.
BioMed Realty Trust saw revenue rise 18.4 percent from a year ago in its third quarter ending Sept. 30, reaching $159.2 million.
San Diego’s Sophiris Bio Inc. has applied for a voluntary delisting from the Toronto Stock Exchange.
San Diego-based Tandem Diabetes Care Inc. has set the terms for its $100 million IPO, offering 7.1 million shares at a price of $13 to $15.
Right on the heels of the Food and Drug Administration’s approval of the narcotic painkiller Zohydro, San Diego-based Zogenix Inc. has announced a $60 million public offering of its stock.
Piazza D’Oro, a 221-unit multifamily and mixed-use complex in Oceanside which includes 17,000 square feet of leasable office space, sold for $81 million.
San Diego-based drugmaker Celladon Corp. announced the terms of its approximately $75 million initial public offering, with plans to release 5 million shares of stock at a price range of $14 to $16 per share.
Overland Storage, the San Diego based provider of data storage services, agreed to acquire Tandberg Data, a German data storage and protection business in an all-stock transaction for an undisclosed price.
INSURANCE: Firm Plans to Keep Office, Leadership Intact
Arthur J. Gallagher & Co., one of the nation’s largest insurance brokerages, has acquired San Diego-based G.S. Levine Insurance Services for an undisclosed price.
FINANCE: Some Say Regulations Would Still Be Too Cumbersome
Startups seeking capital may find fertile ground through the proposed federal rules covering crowdfunding, but some of those rules could also inhibit businesses from using this process to raise money.
U.S. Bank supplanted Wells Fargo Bank as the No. 1 lender of SBA loans by number this year in the San Diego market — by a single loan.
The San Diego Unified Port District said two major credit rating agencies, Fitch Ratings and Standard & Poor’s, assigned an A+ rating to $19 million in revenue refunding bonds that will be issued next month.
San Diego Private Bank reported third quarter net income of $456,000, up 80 percent from the net earnings in the second quarter of this year.
Illumina Inc. has reached a definitive agreement to acquire Santa Clara-based NextBio, Illumina announced on Oct. 28.