San Diego Business Journal


Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...
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Karl Strauss Holding Job Fairs as Remodeling Changes Staffing Needs

Karl Strauss Brewery’s Sorrento Valley site is undergoing a remodel, triggering the layoff of 67 employees last month.

Supplier Forum Is Opportunity for Local Businesses to Make Big Connection

The Otay Mesa Chamber of Commerce and the San Diego Center for International Trade Development will host a supplier forum March 6 in Chula Vista featuring Medtronic, a $16 billion medical technologies company based in Minneapolis.

Pulse Electronics Achieves Debt Management Agreements

Pulse Electronics Corp., a San Diego based maker of electronic components, reached agreements with its debt holders that reduces its debt and the funds needed for debt repayment, the company said.

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Pentagon Proposal Favors Northrop Grumman’s Global Hawk Over U-2 Spy Aircraft

In a surprise twist, the Pentagon has proposed retiring the U-2 high altitude spy aircraft in favor of the unmanned Global Hawk, a San Diego product.

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Sempra Increases Annual Dividend 4.8%

Sempra Energy, the San Diego holding company for San Diego Gas & Electric and other subsidiaries, said its board of directors approved a 4.8 percent increase in the annual dividend it pays to shareholders to $2.64 per share from the prior dividend of $2.52 per share.

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GA-ASI Nabs $94M in Contract Modifications

The U.S. Army awarded General Atomics Aeronautical Systems Inc. two contract modifications worth $94.3 million.

What’s Next Move for World Trade Center S.D. After Relocating?

TRADE: Amid Financial Strain, Move to University Keeps Organization Open

World Trade Center San Diego is moving to a new home at San Diego State University, but how long it stays there or continues is unclear.

Defense Contract Could Be Worth $35M for Leidos Inc.

Leidos Inc., one of the two companies created with the 2013 split of SAIC, said on Feb. 20 that it received software work from the U.S. Strategic Command that could be worth as much as $35 million if the government exercises all of its options.

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Cubic Corp. Announces Dividend

Cubic Corp. said that it will pay out a semiannual dividend of 12 cents per share March 14.

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Novatel Sees Machine-to-Machine Market Building

Novatel Wireless Inc., the San Diego maker of wireless modems and software, said it received purchase orders of about $7 million and also executed a supply agreement with an initial order totaling $8.2 million to provide its systems to a range of customers spanning the after-market telematics, commercial telematics, and remote management and control markets.

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Stillings Joins the Board of Directors of Sustainable Surplus Exchange

Irene Stillings, recently retired executive director of the California Center for Sustainable Energy, has joined the board of directors of the Sustainable Surplus Exchange.

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Kratos Receives $5.2M Order From Government

Kratos Defense and Security Solutions Inc. recently received a $5.2 million order for unspecified blast-resistant and hardened products.

Cadence to Be Acquired in $1.3B Cash Deal

Pharma: Irish Drug Maker Attracted by Sales Of Pain Relief Medication

San Diego-based Cadence Pharmaceuticals Inc. is being acquired by Irish specialty drug maker Mallinckrodt PLC for $1.3 billion.

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Group 1 Automotive Buys Escondido Dealership

Houston-based Group 1 Automotive Inc. has purchased the Heller Ford Hyundai dealership in Escondido, which included the $8 million purchase of two retail buildings on the lot, according to CoStar Group and public data.

Sempra Receives Conditional Approval to Export Liquefied Natural Gas From Louisiana Facility

Sempra Energy received conditional authorization from the U.S. Department of Energy to export liquefied natural gas, from the facility it is building in Louisiana, to countries with — and those without — a free trade agreement with the United States.