SDBJ SPECIAL REPORTS
FINANCE: Reilly Financial Sees Expat Community Needing Its Services as The Investment Picture Gets More Complicated
Just before New Year’s Day, Swiss bank and wealth manager Julius Baer said it planned to pay $547 million to settle U.S. prosecutors’ allegations it helped Americans evade taxes. Frank Reilly, president of La Mesa-based Reilly Financial Advisors (RFA), saw the news as yet another development pushing Americans living abroad toward firms like his, which specialize in expatriate accounts.
ECONOMY: The Wide Variety of Our Businesses Is Insurance Against 2016 Storms
As international trade partners struggled with recession and consumer spending growth slowed, forecasters warned that the U.S. economy was losing momentum in the second half of 2015 and could close out the year weaker than expected. While the economy was still growing, they said, sluggish global demand was slowing that growth and pushing down corporate revenue.
The county’s No. 4 producer of craft beer is among the top 50 in the nation and is poised for more growth with the 2016 opening of a brewing facility in Virginia Beach, Va. The bi-coastal production capability will make Green Flash Brewing Co. an attractive acquisition target for the beer giants. The question is whether founders Lisa and Mike Hinkley might be tempted to sell given Ballast Point Brewing Co.’s recent $1 billion price tag.
After a lengthy investigation, Qualcomm Inc. early in the year settled charges that it broke China’s anti-monopoly law, paying a $925 million fine and restructuring its Chinese license agreements. The year went downhill from there.
Haggen Food & Pharmacy San Diego County shoppers barely had time to notice, but the region this year bore witness to what some industry observers called the fastest failure in the modern history of grocery retailing.
Behind the brick and mortar and acres of reflective glass that stretch across San Diego’s sun-drenched landscape are the men and women who are shaping the region’s future.
Some call them power brokers, but it really isn’t about power. It’s about salesmanship, leadership and the ability to be politically and financially agile in an increasingly competitive and creative environment.
ECONOMY: Organizations Turned to Their Top Players To Skillfully Navigate 2015
To borrow a line from Frank Sinatra, it was a very good year. Perhaps not for all business leaders. But for those with foresight and drive, those in sync with the economy of 2015, the year was great.
INNOVATION: From Barrooms to Biotech Labs, These Inventors Obtained Their Goal of Earning Patents
Hundreds of patents are filed every month by San Diego companies and it’s no surprise Qualcomm Inc. often accounts for the lion’s share of applications. During the 30-day period from Oct. 10 to Nov. 10, the technology giant was issued 221 patents.
PROPERTY: Economic Activity and Space Demands Raise Rents But Also Motivate Landlords to Improve Offerings
Many San Diego County office tenants landed some great “Class A” space at bargain prices in the immediate aftermath of the Great Recession of 2009-2010. Now, many of those businesses are facing what local commercial brokers aptly describe as “sticker shock,” as leases signed during that period come up for renewal.
FINANCE: Zebit’s Payroll Lending System Gives Employees a New Work Perk And Retailers a Piece of the Profits on Purchases
When San Diego-based lender Global Analytics bought a Philadelphia startup last year, it billed the acquisition as the perfect jumping off point to introduce its product to U.S. borrowers.
INSURANCE: The Arrival of the Employer Mandate Brings New Rules, Regulations and Questions to Cos.
The Affordable Care Act’s controversial Employer Mandate is finally here.
TECH: Code-Writing Boot Camps Are Popping Up As Students Seek Opportunity to Join the Tech Sector
The recruits wear shaggy beards and it’s laptops, not rifles, that have become their new best friends.