Finance & Public Companies Reporter
FINANCE: Firm Has Own Research Team ‘Rate’ Bonds
Within weeks of breaking away from Morgan Stanley and starting his own bond management firm in 2008, Bill Gurtin said the municipal bond market froze up, the result of the housing bubble bursting and bond insurance companies collapsing under the weight of countless mortgage defaults.
Pure Financial Advisors, a Mission Valley-based financial planning and asset management firm, said it is opening an office in Woodland Hills on Feb. 23.
Home Bank of California, with a single office in Kearny Mesa, reported 2014 net income of $2.76 million, compared to $2.3 million for 2013.
The Eastridge Group of Staffing Cos. rebranded itself to become Eastridge Workforce Solutions.
PriceSmart Inc. said its board of directors declared cash dividends of 70 cents per share, with 35 cents being payable on Feb. 27 to stockholders of record as of Feb. 13. Another 35 cents will be payable on Aug. 31 to stockholders of record as of Aug. 14.
The planned merger of Chula Vista’s Vibra Bank and Pacific Commerce Bank in Los Angeles may not go as smoothly as the banks’ top management would like.
SPORTs: Minor League Franchise Is Owned By The Anaheim Ducks
Hockey is coming back to San Diego this fall, and it can’t be too soon, judging from the response the team’s owners received since the deal was announced.
ECONOMY: Despite Layoffs, Region Sees Continued Growth
San Diego managed to buck a national trend last year that saw the elimination of more than 100,000 high-tech jobs. Even though the region sustained several high-profile layoffs, it was able to create more jobs to make up for the cuts.
ACQUISITION: Cash And Stock Deal Is Valued at $287 Million
Two San Diego public semiconductor companies are joining forces.
BANKING: Unusual Income Streams Don’t Stop Mortgages
Borrowers who can’t meet stricter federal guidelines for “qualified mortgages” are now being courted by mortgage lenders willing to make the loans, but at a higher price.