San Diego Business Journal

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Wage Increase Takes Toll on Business Optimism

San Diego County business owners are less optimistic about prospects ahead because of the planned increases in the minimum wage and their own doubts about future hiring, the San Diego Regional Chamber of Commerce reported May 19.

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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.

Seismic Raises $40 Million in Series C Round

Solana Beach-based Seismic said on May 25 that it raised $40 million in a series C round led by General Atlantic.

Have Gun — Will Travel: GA Shows Its Railgun’s Features

A few years ago, the U.S. Navy chose BAE Systems as the prime contractor to build its electromagnetic railgun — a turn of events that probably stung at General Atomics, since the local company wanted that distinction.

Energy Department Grant Puts Gas-Fueled Engine on Agenda

ENERGY: Challenge Is to Make That Engine Behave as Diesel Engine

A Sorrento Valley company may one day put a new type of engine — a relic of World War II with a radical update — under the hoods of the cars that ply Southern California’s freeways.

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Retired Navy Vice Admiral to Lead Cubic Corp.'s Global Defense Unit

Cubic Corp. said May 25 that it promoted David Buss to president of its Cubic Global Defense business unit. He replaces Bill Toti, who is leaving the company to pursue other career opportunities.

UC San Diego Key Partner in New Binational Institute

Advanced materials able to withstand extreme environments are the focus of a new binational institute inaugurated May 24.

LRAD Corp. Reports Q2 Revenue of $3.6 Million

LRAD Corp., the Rancho Bernardo maker of specialized loudspeakers used by militaries, law enforcement and governments, reported a net loss of $665,000, or 2 cents per share, on revenue of $3.6 million in the second quarter of fiscal 2016, which ended March 31. An income tax benefit of $547,000 cushioned the loss.

Navy Awards General Dynamics NASSCO One-Year Contract Worth Up to $83.5 Million

The U.S. Navy awarded General Dynamics NASSCO a one-year contract extension for littoral combat ship sustainment. The deal could be worth up as much as $83.5 million.

Headphone Company Makes a Safe and Very Sound Product

Some headphone makers make power their top priority. When they go to market, they promise an overwhelming sensory experience.

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