San Diego Business Journal

SDBJ WEEKLY EDITION

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Deal Could Be Worth $3.16B for NASSCO

DEFENSE: First Contract For Oiler Is $640.2 Million

General Dynamics NASSCO received an order for six oilers — auxiliary ships that rendezvous with U.S. Navy combat ships at sea and refuel them — that could be worth in excess of $3.1 billion.

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Women Membership Is Low on S.D. Boards

LEADERSHIP: Study Also Questions Voting Procedure

San Diego’s public companies have fewer women on their boards than their national counterparts.

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Biotech Financing

BIOTECH: Halozyme Gets Creative in Pursuit of Cash

In today’s market, with valuations down and investors wary, it’s critical for biotechs to get creative when looking for cash to fuel research.

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Short on Future Advice

Industry Projects Significant Shortage of Financial Planners

As more financial planners enter their 60s, wealth management firms and universities are looking for ways to bring younger people into the profession.

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The X Factor in Wealth Transfer

Children of Baby Boomers Bring Different Attitudes, Making Retention Difficult for Many Financial Planners

As 30- and 40-somethings begin inheriting their parents’ wealth, financial planners are looking for ways to attract their investment dollars.

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Locking In Our Gains In Cybersecurity Field

TECH: Study Finds Growing Sector Still Needs Nurturing

Like Comic-Con, there are good guys and bad guys. But in cybersecurity, the bad guys are real, and the good guys pack more of an economic punch.

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Tourism Bases Are Loaded This July

ECONOMY: All-Star Game Expected to Bring In $80M

The month of July nearly always ranks among the strongest of the year for San Diego County’s tourism and convention economy, with big annual events including Comic-Con International and the start of prime horse-racing season at Del Mar Racetrack.

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National Pen Makes Its Mark in Promotions

MARKETING: Big Data, Acquisitions All Part of the Plan

It’s likely that more than a few San Diego business boosters haven’t heard of National Pen Co., a firm with a four-decade history in the region that is expected to earn $300 million in revenue in 2016. But chances are high that they’ve used the company’s products.

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In The Right Field

MARKETING: Branding Co. Founders’ Creativity Gets Fans Into the Games

When Jason Klein and Casey White were students at Helix High School in the 1990s, they never imagined their love of sports would lead them to form Brandiose, their own branding company.

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Debt Reset

The SBA 504 Refinance Program Gives Businesses Chance to Increase Cash Flow By Cutting Interest Rates on Loans

Greg Strangman was in a bind when the loan he took out to open The Pearl Hotel on Point Loma came due in 2012.

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New Test, Leaders Line Up for Exagen

BIOTECH: Diagnostic for Lupus Drawing Interest

A group of San Diego biotech veterans has taken over New Mexico’s Exagen Diagnostics Inc. and put it on a path to growth.

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Design Thinking Can Reshape Businesses

DESIGN: Clients’ Interactions With Settings, Products Seen

When Don Norman talks about design, he frequently talks about the big picture. It is as if he backs up so many steps that he can put a landscape the size of the Grand Canyon in his field of vision.

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Launchpad

TECH: Co.’s Mission Is To Bring ‘Fundamental Transformation’

Dan Goldin shows off the artwork in his office suite: large photos of a skier barreling down a steep slope, a surfer riding a giant wave and a sailor standing precariously on the high side of a small sailboat.

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Getting The Right Doze

BIOTECH: Device Maker Tackles Sleep Issues, Sees Consumer Market Possibilities in Wearables

In some jobs — think soldiers on the battlefield or surgeons performing lengthy operations — it’s hard to get a full night’s rest. Now there may be another option.

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Passing The Tests

Calbiotech Meets the Challenges of Moving and of Moving Up in the Life Science World

It’s a good sign when a company has to move into a larger space. Calbiotech Inc., which manufactures life science products, outgrew 11,000 square feet in Spring Valley and recently traded up to 22,000 square feet in El Cajon. It also recently hired six employees, giving it a headcount of 45.

More Pizzazz Part of Seaport Village Plans

PROPERTY: Port District Releases 6 Proposals

Since 1980, visitors have gone for simple pleasures like the child-friendly carousel at Seaport Village.

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Revitalization Comes In Bottle, Growler

ECONOMY: Oceanside Taps Craft Beer for City’s Benefit

It’s relatively belated compared with its neighbors, but Oceanside is now surfing what has long been a steady wave of economic benefits generated by North County’s burgeoning craft beer industry.

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Taking The Global Initiative

TOURISM: Officials Pursue More International Air Routes to San Diego

San Diego recently landed what is just its third major international commercial air service route of the past five years, when German-based carrier Condor Airlines announced new direct seasonal flights to Frankfurt, set to begin in May 2017.

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BYE, DESIGN

Architectural Style Often Takes Back Seat to Practical And Price Considerations, Creating Buildings That Blend in Rather Than Stand Out

Increased focus on volume, cost and function over style and appeal has led to a less regionalized architectural style in San Diego and other cities.

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Jerome’s Sets Own Pace For Expansion, Change

RETAIL: Progress Driven By Steady Deliberate Decisions

As it continues to expand — recently opening its 12th Southern California store in Orange County — the family-run, San Diego-based Jerome’s Furniture is now also handling a significant transition in leadership.

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AMN Keeps Making Strategic Acquisitions

MEDICINE: Latest Buy Is Health Information Co.

San Diego’s AMN Healthcare Inc., the largest health care staffing company in the nation, has snatched up its fifth health care company in less than two years. The acquisition of Franklin, Tenn.-based Peak Health Solutions, a health information management company, is expected to immediately boost AMN’s revenue.

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Tipping The Pay Scale

VOTE: Poll Results Change Playing Field for Businesses; Attention Turns to November

San Diego city voters on June 7 clearly favored a minimum wage increase that was vehemently opposed by much of the local business community.

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Betting On Biotech

Life Sciences’ Need for Space Spurs Developers to Pursue Spec Projects

The high demand for biotech office space in San Diego is boosting the confidence of traditionally cautious landlords. Rather than waiting to build a project until a tenant is lined up, life science construction companies are building sprawling campuses based on speculation alone.

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A New Health Threat

MEDICINE: Ransomware Attacks Target Hospitals, Holding Critical Patient Data Hostage

T here’s a new threat bearing down on hospitals. Hackers are infiltrating systems, locking patient data in virtual vaults, and demanding money in exchange for the key.

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Cubic’s Transport Arm Ready for Battle in NYC

TECH: City Contract Renewal May Be Big Driver of Growth

Matt Cole has New York on his mind. Cole runs the transportation equipment business at Kearny Mesa-based Cubic Corp., a company that wants to use the world of fare cards and subway gates as a stepping stone toward bigger things.

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Pro-Growth Plans

PROPERTY: Discount Retailers and Eateries Look to Add Locations

Seven years after the official end of the Great Recession, there’s still a distinct discount-minded focus among nationwide retail and restaurant chains looking to expand their footprint in the coming year.

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Bold, Brash and a Bash: Welcome to Startup Week

Biz: Entrepreneurial Spirit Lets Loose in Unusual Biz Event

Thousands of aspiring, neophyte and seasoned entrepreneurs will head downtown next week for the city’s biggest — and most popular — startup event: San Diego Startup Week.

Battling the Laws of Nature

Court Rulings on IP May Threaten Future of Genomics Research

Life sciences companies in San Diego and around the nation are working to cope with legal decisions that restrict how they can secure patents for discoveries that involve the laws of nature.

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Stopping Slippery Imitators

WD-40 Counters The Counterfeiters Around the Globe

Imitation may be the sincerest form of flattery, but it’s a headache for WD-40 Co.

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Brand Theft

Taylor Guitars Among Premium Manufacturers Battling Trademark Violations

Musicians buy high-end guitars for their craftsmanship and superior performance, but overseas counterfeiters are deceiving some consumers with cheaply made copies.