San Diego Business Journal

SD FINANCE

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

Local Loan Firm Adds More Health Systems to Its Roster

Clear Balance, a San Diego provider of patient loans, recently added a few health care systems to its client base.

ATMs Give It, and ATMs Take It Away Through High User Fees

Thanks to the Dodd-Frank banking reform law, consumers can’t be dinged as much on the rates banks charge on credit cards and other things like check overdrafts.

Local Economic Index Increases 0.3% in August

An index measuring San Diego’s economy increased 0.3 percent in August, with four of the six components rising during the month.

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BBX Capital Acquires Candy Maker The Toffee Box of Carlsbad

BBX Sweet Holdings, a wholly owned subsidiary of Florida-based BBX Capital Corp., has acquired Carlsbad-based candy maker The Toffee Box LLC, for an undisclosed price.

SpectraScience Taps SenaHill for Advice on $40M Financing Plan, Strategic Alternatives

SpectraScience Inc., a San Diego medical device company, sid it has engaged SenaHill Advisors LLC as an advisor in connection with a proposed equity financing of up to $40 million and a review of strategic alternatives.

Soon You Can Find an Additional ‘Item’ at Wal-Mart: Banking

Wal-Mart is back in the banking business, which is bad news for the banking industry, although it won’t say that.

Youngevity Essential Life Sciences Acquires South Carolina Company

Youngevity Essential Life Sciences, a wholly owned subsidiary of San Diego-based Youngevity International Inc., announced that it has completed the acquisition of South Carolina-based Restart Your Life LLC, a dietary supplement company and provider of immune system support products and therapeutic skin lotions.

NIH Grant Cuts Hit Some Biotech Companies

STARTUPS: Firms Forced to Look for Other Funding Sources

San Diego-based Paris Therapeutics obtained a license from the NIH for a therapeutic antibody for child and adult cancers. In the past, this might have been a clear path to federal funding.

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OneRoof Energy Announces Financing Agreements Worth $16.7M

OneRoof Energy Group Inc., a San Diego solar services business, said it entered financing agreements from Black Coral Capital LLC and affiliates of the Hanwha Group that provide about $16.7 million in new capital.

County Pension Board Votes Against Terminating Partridge and Salient Partners

The San Diego County Employees Retirement Association’s voted 5-4 against terminating their outsourced chief investment officer Lee Partridge and his firm, Salient Partners, at its Oct. 2 meeting.

North San Diego Business Chamber Hosts Minimum Wage Discussion

Advocates from various sides of the proposed minimum wage increase in San Diego will discuss the issue at the North San Diego Business Chamber ‘s Leaders of Change luncheon on Tuesday, Oct. 7.

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SDCCU Sponsors Aztecs Basketball

San Diego County Credit Union, the area’s largest credit union with $6.6 billion in assets, said it is a sponsor of the San Diego State University men’s basketball 2014-15 season.

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Acutus Medical Completes $26.2M Funding Round

Acutus Medical Inc., a San Diego-based medical device company developing tools for treating complex cardiac arrhythmias, announced it has completed a $26.2 million financing round to continue developing its imaging and mapping system.

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Ambit Biosciences to Be Acquired By Japanese Company

San Diego-based Ambit Biosciences Corp. and Japanese-based Daiichi Sankyo Company Ltd. jointly announced that they have entered into a merger agreement under which Daiichi Sankyo will acquire all of the outstanding common stock of Ambit Biosciences for approximately $315 million on a fully diluted basis or $15 per share.

Irwin Jacobs Makes Forbes' 400 Wealthiest Americans List

Qualcomm Inc. co-founder and retired chairman Irwin Jacobs was the only San Diegan to make this year’s Forbes list of the 400 wealthiest Americans.