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Saturday, Jun 22, 2024

Week In Review

Friday, Oct. 31

AMN Stock Takes a Fall:

Shares of AMN Healthcare Services, the nurse staffing company, declined by $1.44 to $8.99, a new 52-week low, after the firm released third-quarter results that fell short of earlier forecasts. For the third quarter, AMN reported a net profit of $9.5 million, down 21 percent from the $12 million in net profit for the like period of 2007. Revenue increased for the quarter, to $315 million, a jump of 21 percent.

, Mike Allen

Monday, Nov. 3

Economy Short-Circuits Retailer:
Circuit City said it plans to close 155 stores, including those in Escondido and Vista, in response to a slowdown in consumer spending and tighter credit. Following the closures, Circuit City will have 566 stores in the United States.

The Escondido store is in the 1100 block of West Valley Parkway. The Vista store is in the 1700 block of Hacienda Drive.

, Brad Graves

– – –

Heartburn Drugmaker’s Net Loss Shrinks:
Specialty pharmaceutical company Santarus posted a smaller net loss helped in part by sales of its heartburn drug Zegerid. The company reported a net loss of $4 million on revenues of $32.2 million for the third quarter, compared with a net loss of $6.9 million on revenues of $26.5 million during the same period a year ago.

, Heather Chambers

Tuesday, Nov. 4

Voters Sink Marine Terminal Plan:
A ballot measure that would have opened the door to commercial development at the Tenth Avenue Marine Terminal went down to defeat. Some 70 percent of voters rejected the plan, according to results released by the county registrar of voters early Nov. 5. Measure backers proposed building a deck above the shipping terminal, saying the space would be suitable for hotels, restaurants, shops and even a football stadium.

In other local elections:

– San Diego residents chose Jan Goldsmith to be city attorney. Goldsmith took 59.5 percent of the vote, beating incumbent Michael Aguirre.

– El Cajon residents approved Proposition J, a half-cent sales tax increase to fund general city services. The measure passed with 51 percent of the vote.

– La Mesa residents approved Proposition L, a three-quarter-cent sales tax increase to fund general city services, while National City residents approved Proposition M, repealing a 1 cent sales tax hike approved in 2006.

, Brad Graves


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