Stories for May 2007

Thursday, May 31

Nassco Lays Keel of Sixth Cargo Ship

Workers at General Dynamics Nassco, the shipbuilding unit based in San Diego, laid the keel for a sixth super cargo ship for the U.S. Navy's T-AKE series May 30.

Workforce Partnership Hands Out Awards

The San Diego Workforce Partnership, the regional job training agency, recognized four individuals and organizations for their contributions at its first Workforce Development Professionals Awards event on May 29.

Alhadeff & Solar Joins 550-Attorney Firm

Buchanan Ingersoll & Rooney LLP, a national law firm with offices in San Diego, announced May 31 that the lawyers of Alhadeff & Solar LLP are joining Buchanan.

Wednesday, May 30

Skybus to Offer $10 Flights to Lindbergh Field

A $10 flight to just about anywhere in the United States is probably an aviation first. Enter Skybus Airlines, the lowest of the ultra-low-cost carriers.

Jury Orders Qualcomm to Pay Broadcom $19.6M

A federal jury unanimously ruled May 29 that Qualcomm Inc. willfully infringed three Broadcom Corp. patents related to cell phone technology and awarded Broadcom $19.6 million.

Former SAIC Executive to Lead VeriSign

Mountain View-based VeriSign Inc. has hired William A. Roper Jr. as its chief executive, the company announced May 29. Roper was previously a high-level executive at Science Applications International Corp., or SAIC.

Tuesday, May 29

A Who's Who of Technology Gathers in Carlsbad

Apple Inc. Chief Executive Officer Steve Jobs and Microsoft Corp. Chairman Bill Gates plan to make a joint appearance May 30 at Carlsbad's Four Seasons Resort Aviara during the sold-out D: All Things Digital conference.

WFI Poised to Sell Engineering Unit

WFI Inc., formerly called Wireless Facilities Inc., said it signed a definitive agreement May 29 to sell its U.S. Wireless Engineering Business for $46 million to LCC International Inc.

Monday, May 28

San Diego Most Overpriced Real Estate Market, Says Forbes Magazine

San Diego received some negative national recognition earlier this month. Forbes magazine named San Diego the top overpriced real estate market out of the 40 reviewed.

Nurses Seeking to Revoke Sharp's Nonprofit Status

A nurses union has filed a suspiciously timed complaint against Sharp HealthCare with state officials, requesting that its nonprofit status be revoked for not providing sufficient charity care.


SDBJ Reporter Looked Beyond Obvious in Detailing Daily Newspapers' Circulation Drop

Sales and Leases

Sales and Leases

Economic Illiteracy Rampant in Coverage of Circuit City, CompUSA

Economic Illiteracy Rampant in Coverage of Circuit City, CompUSA

Executive Profile , Jim Pieri

The challenges of the industry attracted Jim Pieri to real estate. "You always have to stay one step ahead of the demand in this business," he said.

VMIX Signs Partner Agreement With Virginia Newspaper Publishing Chain

San Diego-based social networking and video Web company VMIX Media Inc. has signed a partnership with Richmond, Va.-based Media General to provide interactive features for several newspaper Web sites.

Judge Dismisses Suit Filed By Julian's Small Businesses

A federal judge has dismissed a suit filed by a handful of Julian business owners fighting off a San Diego attorney known for filing federal lawsuits involving compliance issues with the Americans with Disabilities Act of 1990.


For May 7 and May 14, 2007.

San Diego People

Key Hires and Promotions; Executive Spotlight , Greg Anton

We're Looking for Trouble When Politicians Jump Into Heated Debate Over Climate Change

We're Looking for Trouble When Politicians Jump Into Heated Debate Over Climate Change

No Tenants Signed as Yet for Controversial Sunroad Centrum Project

In the midst of constructing a controversial high-rise in Kearny Mesa, Sunroad Enterprises has failed to sign a tenant for the 12-story project, according to a spokeswoman for Sunroad.

Week in Review

Top Business News , May 18 - 24, 2007

Corporate Coach Stakes His Paycheck on Ability to Rejuvenate Clients

A cool $250,000. That's what's at stake every time corporate coach Marshall Goldsmith finishes a job. He guarantees satisfaction.

Food Fest: Two Restaurant Weeks Better Than One, Say Supporters

For those who like Restaurant Week, an annual reduced-rate movable feast held in January, they should like it twice as much next year.

SDSU Students Kick-Start Startup With 'Super Bowl' of Business Plans Prize

The three R's of traditional education have been evolving into the four R's , the latest requisite being real experience in the rough-and-tumble business world.

Inverness Medical Wins Three-Month Bidding War for Biosite

If some analysts surmised that the initial offering price for Biosite Inc. was high, they must be perplexed by the bidding war that ensued between two other medical device manufacturers, Beckman Coulter Inc. and eventual winner Inverness Medical Innovatio

Small Volkswagen GTI Packs Plenty of Power

Small Volkswagen GTI Packs Plenty of Power

Two San Diegans Receive Chairman's Achievement Award

Two San Diego residents have received the Chairman's Outstanding Achievement Award from Comerica Bank.

Web Software Lets Users Create Online Ads in Less Than 5 Minutes

In much the same way that YouTube reduced the need for television to broadcast a video, a local company is putting the ability to create online advertising into the hands of, well, anyone.

Mission Federal Quarterly Report Shows Signs That Recovery Is Under Way

Mission Federal Credit Union has been hit by four quarters of net losses and high delinquency rates, but results for the most recent quarter show signs of recovery.

Regional Roundup

CLB Partners Ltd. withdrew plans recently for 236 condominiums in Santee near RiverView and Town Center parkways. And other news from around San Diego County.

Business Students Reach for Life Lessons Instead of the Books

Tim A. Becker, an adjunct business professor at the University of San Diego, lays it all out for his students right from the start. "I tell them, 'There are two ways of going through a class , with traditional activities or real world,' " he said.

US Grant Hotel Aiming for Five-Star Rating Once New Pool Is Installed

The tab for renovation of the US Grant Hotel, originally published at $52 million, then $54 million, now stands at $56 million, counting the recent completion of the twin, upper-story presidential and penthouse suites.

High-Profile Chefs Forsake Corporate World to Go Out on Their Own

Ed Moore isn't a gambler. But with only a few hours remaining before the scheduled opening of his third restaurant, Nick's at the Pier in Ocean Beach, and no official operating permit in hand, he was cutting it close.

Entrepreneur Profile , Stacey Nelson

Stacey Nelson decided to go into business for herself for one reason. She figured that with a flexible work schedule, she would be able to go back to school. Nearly 10 years later, instead of a master's degree, Nelson's startup advertising agency, Ad Ease

San Diego Nurse Elected to Union's Four-Member Leadership Council

For the first time in its 104-year history, the country's largest nurses union has elected a San Diegan to a top leadership position.

Spanish-Style Building Under Way at USD to Include Auditorium, Reading Room

Progress Report: Construction is halfway complete for the new 83,000-square-foot School of Leadership and Education Sciences building at the University of San Diego.

Friday, May 25

Military Families to Benefit from AT & T; Collection Effort

AT & T; Inc. said all its wireless store locations, including 19 in San Diego County, will soon accept unwanted cell phones for a charitable program benefiting U.S. military families.

Upper Deck Scrambles for Topps

Upper Deck Co., a Carlsbad-based sports trading card company, is trying to get its hands on one of the most collectible brands in its market: New York-based Topps Co. Inc.

Rock 'n' Roll Marathon Promises $40M Impact

The race that put San Diego on the runners' map, the Rock 'n' Roll Marathon, celebrates its 10th anniversary June 3, when 22,000 runners will take to the city's streets, frontage roads and part of state Route 163.

Thursday, May 24

ViaSat to Supply $200M in Gear, Services to WildBlue

Carlsbad-based ViaSat Inc. announced May 24 that it received a follow-up deal to supply 500,000 satellite terminals to Denver-based WildBlue Communications.

Life Sciences Industry Gives FDA a Mixed Report Card

Members of the life sciences industry offered a critique of the U.S. Food and Drug Administration in a survey released May 23.

Viejas Business Manager Departs

Frank Riolo, the first chief executive for Viejas Enterprises Inc., resigned from the position May 22 to pursue other opportunities, said Viejas Enterprises spokesman Bob Scheid.

Wednesday, May 23

Qualcomm Lays Out European Investment Plan

Qualcomm Ventures is making its first investment in Europe with a $135 million boost to European wireless communications companies.

Sharp Electronics Division Buys Aztec Imaging

Aztec Imaging, a Santee-based provider of office equipment founded in 1969 by Rod Jones, was acquired May 21 by Sharp Imaging and Information Co. of America in a deal that retains all of the company's 85 employees.

Region Ranks as a Doggone Good Vacation Destination

Get the leash! San Diego is among the top 10 destinations in the United States and Canada where folks can vacation with their dogs.

Legislators Expand Role in Shaping State Budget

State Sens. Denise Moreno Ducheny, D-San Diego, and Dennis Hollingsworth, R-El Cajon, have been appointed to the legislative budget committee.

Tuesday, May 22

Qualcomm Expands Stock Buyback

Chip-maker Qualcomm Inc. announced May 22 that its board had OK'd a $3 billion stock buyback program.

Small Biotech to Launch S.D. Operations

A Los Angeles-based biotechnology company, CytRx Corp., has laid off 12 employees in Massachusetts, but will hire 16 in San Diego this year.

AMN Makes Foray Into Pharmacies With Acquisition

AMN Healthcare Services Inc. announced May 21 that it is acquiring Denver-based Rx Pro Health Inc. and Pharmacy Choice Inc. for $17.3 million,

Monday, May 21

Invitrogen Partners With Cytori Therapeutics to Sell Research Tools

Carlsbad's Invitrogen Corp. said it will partner with San Diego's Cytori Therapeutics Inc. to sell research tools to study adult stem cells derived from fat tissue.

Colorful Launch of Latest T-AKE Class Ship Anchors Nassco's Reputation

San Diego's status as one of the last bastions of shipbuilding in the nation was solidified last week when the USNS Richard E. Byrd was launched from the Nassco shipyard on San Diego Bay.

Bay Front Shipyard Throwback to Industrial Era When U.S. Was a World Manufacturing Powerhouse

If you want to see what large swaths of many U.S. cities looked like in the first half of the 20th century, just take a walk through the sprawling General Dynamics Nassco shipyard at the foot of the San Diego-Coronado Bridge.

Scripps Ranch Tech Center Appearing on Horizon Next Spring

Opus West Corp. purchased an 11-acre parcel in Scripps Ranch for $10 million from Camarillo-based Semtech Corp. The land will be used as the site for a 157,000-square-foot, low-rise business campus with three two-story office and research and development

IRS: Nonprofit Hospitals Can Help Docs Purchase Electronic Record Systems

An important ruling this month by the Internal Revenue Service regarding not-for-profit hospitals is expected to have little immediate impact on San Diego County. But the decision is a step in the right direction toward better patient care, industry offic

Advocates Push Health Care Networks to Provide Wider Access to Patient Records

Advocates for a shared information technology system that would link hospitals, doctors and other providers partnered with Hewlett-Packard Co. this month, with hopes of connecting 90 percent of California by 2014.

Race Is on to Book Hotel Rooms, Reception Venues for BIO '08 Events

One of the most popular topics among San Diego life science executives attending this year's annual Biotechnology Industry Organization Conference in Boston was next year's event.

'Safety First' Still the Best Policy After Insurance Reforms Take Effect

"Do the right thing."

Radio Broadcasters Suffering Slowdown in Auto Advertising

As far as advertising revenue goes, the county's radio stations managed to hold their own last year, according to BIA Financial Network Inc., which tracks the industry nationwide. Yet the big strides seen between 2001 and 2004 may be behind them.

Irvine Co. Thinking Green for Planned 34-Story Office Tower on Broadway

The Irvine Co. revealed a green design for 700 West Broadway, its proposed 34-story office tower, at a Centre City Development Corp. meeting May 15.

Veteran Silicon Valley VC Firm Leads Intercasting's $12M Series B Round

The interactive Internet is moving to mobile devices with the help of Intercasting Corp., which announced last week that it had closed $12 million in second round venture financing.

Demand for Rooms, Upgrades Ramping Hotel Rates Up Steadily

Like a retailer at Christmastime, the Willis Bros. School of Surfing depends on the summer's influx of business to make its year.

Northrop Grumman Gives $125,000 to San Diego Futures Foundation

San Diego Futures Foundation received $125,000 from Northrop Grumman Corp. This is part of a $500,000 gift to be made in 2007.

Health Care Workers In Region to Rise to 100,000 By 2010

The overall job market in San Diego has slowed considerably, but not in the health care industry, where there are more openings than trained applicants, said health professionals at a recent careers conference.

Julia Brown: Biotech Pioneer, Angel Investor and Girl Scouts Honoree

Not many people can boast the honor of being both a biotechnology industry pioneer and being named one of the "cool women" by the Imperial Council of Girl Scouts.

Cuyamaca College Expanding Health Care Courses With New Science-Tech Center

Cuyamaca College recently opened its $25 million science and technology center, the first of three facilities to open this year at the Rancho San Diego campus. And other real estate news.

Stopping Violence in the Workplace Starts With Acting on Warning Signs

Once upon a time, two supervisors were engaged in a romance at a Sorrento Valley biotech company. Then, one day, the woman broke it off, leaving her spurned suitor to simmer and steam and eventually blow a gasket.

With Training, Management Can Dial Down Conflicts in Workplace

Dr. Michael R. Mantell, a San Diego-based clinical and corporate psychologist, author and TV commentator, figures that he's been involved , at some level , in every major instance of workplace violence in the United States since 1982. He's found one commo

Jack in the Box Cookin' Up Surprise

Jack in the Box is cooking on all four burners, you might say.

Nonprofit Profile , North County Humane Society and Society for the Prevention of Cruelty to Animals

North County Humane Society is a nonprofit organization that provides support and compassionate care for animals and their owners.

Sales and Leases

San Bernardino Hospitality LLC purchased a 2-acre parcel on La Terraza Boulevard in Escondido for $3 million. And other real estate transactions.

Shareholders Trying to Divine the Future Course of Accredited Home Lenders

Subprime mortgage lender Accredited Home Lenders continues to stay afloat, but for how long or whether it survives is hard to decipher.

Entrepreneur Profile , Andrew Clark

In 2003, only 22 students were enrolled in classes at Bridgepoint Education. In less than four years, admission numbers have leapt to more than 6,150 online students of all ages from across the country as well as the 450 students , in the 18- to 21-year-o

Woodfin Suites Introducing Upscale Hotel Brand in Major Cities

Sam Hardage, chairman of Woodfin Suites Hotels, is gazing at the stars , four and a half to be exact.

One-Day Population Explodes for Carlsbad's Semiannual Street Faire

Everybody is aware of the surging growth in North County. It grew even more on Sunday, May 6, when the city of Carlsbad surged by more than 100,000 people.

San Diego People

Key Hires and Promotions; Executive Spotlight , Emerick Woods.

National City Eyeing New Sports Arena After Dropping Bid for Chargers

National City's bid to lure the San Diego Chargers is over, but the city still has ideas of using the site near the marina to build a new sports arena that could host a professional basketball team, and provide the region with a classier concert venue.

Regional Roundup

Smith & Nephew plc has acquired privately held BlueSky Medical Group Inc. for an initial payment of $15 million. That amount will be followed with payments up to $95 million relative to revenues and other events.

Executive Profile , Jean Zagrodnik

A lover of math, art and environmental studies, Jean Zagrodnik had never considered architecture as a career until an ex-boyfriend inspired the idea.

More Tech Work in the Pipeline for SAIC

SAIC, a San Diego-based research and engineering firm, said May 21 that it won a contract valued at $35 million to provide information technology outsourcing services to Alyeska Pipeline Service Co.

Friday, May 18

Unemployment Rate Rises

San Diego's unemployment rate for April increased to 4.1 percent, compared with 4 percent in March, and above the rate for April 2006, when it was 3.7 percent.

On Broadway, High-Rise Gets New Name

Broadway 655 has a new name. The 23-story mixed-use high-rise downtown was renamed Advanced Equities Plaza on May 18 by Advanced Equities Financial Corp., an investment banking and retail brokerage with West Coast headquarters in the plaza.

Equity Inns Buying Two Area Marriotts

Equity Inns Inc., the third largest hotel real estate investment trust in the country, has signed an agreement to acquire two San Diego hotels, a 95-suite Residence Inn and 137-suite SpringHill Suites, as part of a package of five Marriott-branded propert

Thursday, May 17

State Stem Cell Institute Wins Final Legal Battle

The California Supreme Court declined to hear an appeal challenging the constitutionality of the state's institute for embryonic stem cell research May 16.

Wednesday, May 16

It's Anchors Aweigh for USNS Richard E. Byrd

With the sounds of "Anchors Aweigh" and a flurry of fireworks lighting up the night sky on San Diego Bay, the Navy's newest supply cargo ship, the USNS Richard E. Byrd, was launched May 15 from the Nassco shipyard.

Supreme Court Refuses to Hear De La Fuente Appeal

The city of San Diego won another victory in a long running legal battle with developer/car dealer Roque De La Fuente when the U.S. Supreme Court declined to hear his appeal.

Irvine Co. Envisions a Greener Downtown

Irvine Co. revealed green design plans for 700 West Broadway, a 34-story office tower proposed for downtown San Diego, at a Centre City Development Corp. meeting May 15.

Tuesday, May 15

Inverness Likely to Buy Biosite as Bidding War Ends

Beckman Coulter Inc., a Fullerton maker of medical diagnostic kits, called off the bidding war for San Diego-based Biosite Inc. on May 15 when it announced it wouldn't increase its offer price of $90 per share, or $1.67 billion.

Jet Source to Launch Nevada Operations Center

Jet Source, a Carlsbad-based aviation center, announced May 15 plans to open a second facility near Las Vegas in spring 2008.

Monday, May 14

SDG & E; Chooses Peak Providers

San Diego Gas & Electric Co. selected two companies out of 30 bids for "peaker" plants, which are used specifically during high electricity use, the company announced May 14.

Executive Profile , Heather H. Xitco

Anyone who thought accountants stayed up doing balance sheets on Friday nights for fun has not met Heather Xitco.

Week in Review

Top Business News: May 4 - 10, 2007

Students Attempt to Close the Deal in Personal Selling Class at USD

Thirty-two students participated in a selling competition May 3 to culminate their work in a personal selling class, a required course in the University of San Diego's business school.

Yesteryears Revived in New Art Deco Residential-Retail Complex

Deca, a mixed-used project opening later this month, has gone retro. The Hillcrest development on Park Boulevard and Robinson Avenue blends an art deco fa & #231;ade with modern features.

Sycuan's Tucker, Parent Educator of Year Susie Walton to Be Honored

Daniel Tucker, chairman of the Sycuan Band of the Kumeyaay Nation, and Susie Walton, the 2007 Parent Educator of the Year, will be honored at the YMCA Youth and Family Services' 10th annual gala dinner.

2007 Hummer H3 Sales Not Humming Along

2007 Hummer H3 Sales Not Humming Along

Global Campaign to Improve Hospice Care in Africa to Launch in Balboa Park

This week, all eyes will turn to San Diego for the launch of a celebrity-infused effort to improve hospice and palliative care in Sub-Saharan Africa by way of corporate philanthropy.

Network Stays Active, Buys Canadian Firm

Active Network, a San Diego-based provider of technology services to sports and community recreational organizations, said on May 14 it acquired Jencess Software & Technologies Inc.

Post Office Giving More Weight to Dimensions of Envelopes, Packages

Size does matter. The U.S. Postal Service changed its rate and fee structure to include size and not just weight on May 14.


For May 7, 2007

Stock Options Scandal Forces Wireless Facilities to Appeal Possible Delisting

The scrutiny from the Securities and Exchange Commission on companies engaged in backdating stock options continues, but a recent case involving a local public company takes the illegal activity to another dimension.

Private Investment Firm Leucadia Capital Partners Launches in La Jolla

Three former executives from private equity investment company Pacific Corporate Group announced the launch of Leucadia Capital Partners LLC last week.

Regional Roundup

The Encinitas Chamber of Commerce is moving to newer and nicer digs and taking the visitors center with it. And other news from around San Diego County.

Inflation Threatens Well-Being of $1B Health Facilities Expansion Plans

Just how on-budget the 10-year, $1 billion North County expansion of the Palomar Pomerado Health hospital district is , or not , will be revealed at a board of director's meeting June 4.

Port Commission Rejects Plan to Expand Proposed Chula Vista Complex

A proposal to expand a planned convention center/hotel in Chula Vista by Gaylord Entertainment was shot down by the San Diego Unified Port District board, with some commissioners objecting to surprising increases in rooms to an earlier conceptual plan.

Neighborhood of Town Houses Starts to Take Shape in College Grove

Grading began earlier this month for Intracorp Co.'s Serenata, a new town house project in College Grove. And other real estate news.

Airsis Technology Allows Ports to Track, Report on Ship Traffic

Airsis Inc. is barely past its second round of financing, but the small company serves some of the world's largest oil companies with its radio frequency technology that tracks ship traffic.

Smart Building Strategies Become Standard Practice at Public Schools

While green building practices are gradually gaining acceptance in residential and commercial construction, incorporating smart and sustainable building practices in educational facilities is in full swing.

Emphasize the Milestones When Pitching Venture Capitalists for Cash

Cartoon mice? Panelists at BIO ponder the do's and don'ts for pitching venture capitalists.

San Diego People

Key Hires and Promotions; Executive Spotlight , John Mei

Barrio Logan First Up for Zoning Update

San Diego Mayor Jerry Sanders has called for an initiative to update the city's 50 community plans that define development and land-use policies. Up first: Barrio Logan.

The Master of Fine Arts Degree Is Now the New M.B.A.

The Master of Fine Arts Degree Is Now the New M.B.A.

MMC Struggles to Replace Power Plant in Chula Vista

MMC Struggles to Replace Power Plant in Chula Vista

Luckily, Silvergate Bank CEO Says He Saw Writing on the Wall Early

Silvergate Bank's mortgage banking division had a golden opportunity a few years back to cash in when interest rates were at 50-year lows. But to bank President and Chief Executive Officer Dennis Frank, it wasn't worth the risk.

Every Out-of-Town Tourist Dollar Winds Its Way Through Local Economy

Every Out-of-Town Tourist Dollar Winds Its Way Through Local Economy

Inverness Medical Innovations Sweetens Bidding for Biosite

The bidding battle for Biosite Inc., the San Diego medical diagnostic kit maker, continued on May 9 when Inverness Medical Innovations sweetened an earlier bid for the company by $2.50 per share for a total of $92.50 per share.

Membership in Green Building Council Growing Exponentially

The U.S. Green Building Council is a nationwide coalition of building industry leaders whose goal is to make buildings "environmentally responsible, profitable and healthy places to live and work."

Sales and Leases

San Diego-based Davlyn Investments Inc. purchased the Carlsbad Corporate Plaza for $24.6 million. And other transactions.

Building Consultant Resonates Green

Drew George was turning green. It happened about a decade ago, when he realized the many advantages of designing and building projects that help the environment, and, ultimately, boost the bottom line.

British Grocer Pushes Ahead on New Retail Concept in North County

Like London fog, British retailer Tesco is attempting to creep into San Diego County in a shroud of mystery, although a few details have been leaked in official filings at local city halls.

Imbroglio Over Industrial Loan Companies Having Impact at Silvergate?

After signing a cease-and-desist order from regulators in December, Dennis Frank , president and chief executive officer of La Jolla-based Silvergate Bank , has been getting his ducks in a row.

Despite Downturn in Home Loans, Poway Software Firm Sales Rising

The slump in home sales and concomitant slowdown in mortgage lending are causing ripples in the national and local economy, but a Poway firm that provides software to both industries is surviving nicely.

Entrepreneur Profile , Lynn Flanagan

The first time Lynn Flanagan ran a marathon, she told herself that if she lived, she was going to burn her shoes. Two days later, Flanagan found herself shopping for new shoes and within three years, she started In Motion, an event marketing firm.

Indian Gaming Magazine Covers the Front Lines as Well as Back Office

American Indian casinos have caused an entire class of vendors to proliferate, including niche publications such as Native American Casino magazine.

Marketplace at Historic Liberty Station Opens for Business

The $54 million conversion of the old Naval Training Center barracks in Point Loma into shops and stores is humming along for its developer, La Jolla-based C.W. Clark Inc.

First Dental Health to Pay School PTAs $20 for Each Student Referral

First Dental Health announced plans this month to partner with California PTAs in effort to boost enrollment in its New Dental Choice plans, which represent about 10 percent of the firm's $3 million-a-year revenues.

April Designated as Landscape Architecture Month in San Diego

Mayor Jerry Sanders and the American Society of Landscape Architects' San Diego chapter have recognized April 2007 as Landscape Architecture Month in San Diego.

Friday, May 11

County Names New Registrar of Voters

Deborah Seiler has been appointed as the San Diego County registrar of voters, and is expected to begin work here June 4.

Kintera Grows Revenue, Shaves Loss

Kintera Inc., which specializes in software for the nonprofit sector, announced first-quarter revenue of $10.7 million May 10, up from $9.9 million for the same period last year.

Sanders Names 20 to City Boards

Susan S. Gonick has been appointed by Mayor Jerry Sanders to the San Diego City Employees' Retirement System Board of Administration, subject to City Council confirmation.

Thursday, May 10

Nanogen's Net Loss Stays Consistent

Nanogen Inc. announced revenues on May 9 for the first quarter, ended March 31, of $9.7 million, more than doubling its first quarter 2006 revenues of $4.4 million.

Inverness Medical Innovations Sweetens Bidding for Biosite

The bidding battle for Biosite Inc., the San Diego medical diagnostic kit maker, continued on May 9 when Inverness Medical Innovations sweetened an earlier bid for the company by $2.50 per share for a total of $92.50 per share.

Rubio's Shareholders Get 2 Cents Worth

Rubio's Restaurants Inc. of Carlsbad, which operates and franchises restaurant chain Rubio's Fresh Mexican Grill, announced first quarter 2007 earnings for the period ended April 1.

Wednesday, May 9

Leap Wireless Posts Loss as Customer Count Grows

Leap Wireless International Inc., the San Diego-based parent firm of the flat-rate wireless carrier known as Cricket, reported total revenue for the quarter ended March 31 of $389.4 million, up 46 percent from the like period of 2006.

Maxwell Technologies Selling $10.4M in Stock

Maxwell Technologies Inc., a San Diego electronics company whose product line includes heavy-duty capacitors, announced May 9 that it planned to sell 1 million shares of stock, generating $10.4 million for the company.

WebSideStory Adopts Acquired Company's Name: Visual Sciences

WebSideStory Inc., an analytics firm that helps companies track and measure traffic to Web sites, announced May 9 that it had changed its name to Visual Sciences Inc., a company it acquired last year.

WFI Expects Anti-Terrorism Deal to Bring in $15M

Local communications infrastructure company WFI announced May 9 that it was selected as part of a team to compete on future task orders under a $500 million contract, of which WFI estimates its share will be $15 million.

Tuesday, May 8

DJO Says Acquisition, Settlement Cut Into Earnings

DJO Inc., the Vista-based maker of medical orthopedic devices, reported first quarter net income of $4 million on revenue of $114.9 million on May 8.

Monday, May 7

Port District Confident of New Cruise Terminal on the Horizon

Major cruise line companies have long pressured the port to provide a terminal that would better serve their customers. Now the port is moving to Plan B.

Agents, Builders, Developers, Union Members Giving Back to Those Who Need Help

Real estate, construction and design businesses are stepping up to give back to the community.

Ronald McDonald House Raises $70,000 at US Grant Hotel Event

Ronald McDonald House Charities of San Diego raised $70,000 at its Sky's the Limit fund-raising event held April 21 at the US Grant Hotel.

Entrepreneur Profiles , Richard Watson and Robert Watson

Brothers Richard and Robert Watson didn't decide to go into business together until they'd both experienced layoffs and more than a few bad jobs.

Jewish American Chamber Grows to 500-Plus Members in One Year

San Diego's Jewish American Chamber of Commerce celebrates its first anniversary this month. And its unlikely founding father , a 21-year-old retailer , couldn't be happier.

Three Charged in Alleged 'Pump and Dump' Scheme

The Securities and Exchange Commission filed civil fraud charges April 30 against three people, including one San Diego resident, and three penny stock issuers for an alleged "pump and dump" stock market manipulation scheme.

Rancho Santa Fe Investor Allowed to Increase Stake in California Community Bank

Richard Arendsee, a director at Escondido-based California Community Bank, recently got the OK from federal and state regulators to double his investment in the bank to 20 percent from 10 percent, the bank announced April 26.

Executive Profile , Dr. Valerie Youngblood

Beauty may be skin deep, but Dr. Valerie Youngblood of Continuum Aesthetics & Age Management gets results from balancing mind, body and spirit in her holistic approach to medicine.

Wireless Video System Puts Long-Haul Trucking Firms in Driver's Seat

San Diego-based DriveCam Inc., a company that mitigates driver risk, said it is now able to serve the long-haul trucking market thanks to an advance in the company's technology.

Vista Retailer Sells $38M Lottery Ticket

A Vista supermarket sold a SuperLotto Plus ticket worth $38 million prior to the May 2 drawing.

Week in Review

Top Business News: April 27 - May 3, 2007

Invitrogen Enjoys 56 Percent Rise in Online Orders From the Americas

After Invitrogen Corp. announced a third-quarter loss last year and lowered its projections for the rest of the year, investors unloaded the stock. But the life sciences tool company is working its way out of the slump with improved financials this time a

SDG & E; Sets Aside $150M to Give to Businesses That Lower Energy Use

San Diego Gas & Electric Co. has set aside $150 million as incentives for local businesses taking measures to reduce energy consumption. This week SDG & E; will present its second annual Energy Showcase, giving awards to the top energy-conscious companies in

Turbines Powering Up Activity At Port's Tenth Avenue Terminal

A national surge in erecting wind turbines is helping to grow a niche for San Diego's Tenth Avenue Marine Terminal.

North County CEOs Come to the Rescue of Nonprofits

Lifeguards are most often seen at the beach or at municipal pools, but lately there have been a number of people impersonating them. The imposters turn out to be corporate CEOs trying to save the life of many of our areas nonprofit and charitable organiza

Nonprofit Profile , Dress for Success San Diego

A talk with Sylvia McKinney, executive director of Dress for Success San Diego

Newspaper Web Sites Prove New Frontier for More Readers

Executives from the San Diego Union-Tribune and the North County Times, the county's two major daily newspapers, argue that print circulation figures don't tell the whole story about their businesses.

Regional Roundup

Demolition of the last of 15 buildings in Chula Vista once belonging to Goodrich Corp.'s Aerostructures Group was scheduled to begin May 2. And other news from around San Diego County.


Business Events , May 8 - 14

Small-Business Sector Is the Backbone of the Community

Small-Business Sector Is the Backbone of the Community

Students Step Inside a Scientist's World at Biogen Idec's Community Labs

In 2002, Cambridge, Mass.-based Biogen Idec created and developed the Community Lab to enhance area public school science programs. Since its founding, the program has worked with 5,400 students, said the company, and the numbers increase every year.

Trainees Get Valuable Lab Time in Labor Department-Sponsored Program

There has been a disconnect between what academic institutions are teaching students about the life sciences, and what the industry needs in the real world.

San Diego People

Key Hires and Promotions; Executive Spotlight , Sally Ann Zoll

Financing Cancer Battle Bruised By Government-Industry-Academia Disconnect

Ivor Royston of Forward Ventures considers cancer therapies to be a prime place to invest.

Could Controversial New Hotel Room Fee End Up in Court?

A plan that would allow hotels to assess themselves a fee for destination marketing, thus replacing the transient occupancy tax or room tax that became a honey jar for the San Diego City Council to feed its ever-hungry general fund, has gone by different

Biotech Network Designed to Expand Region's Scientific Work Force

The Life Sciences Summer Institute wants to attract what it considers a "world-class scientific work force" for San Diego.

Websense Seeks to Improve Web Filtering With British Acquisition

Websense Inc. announced the purchase of British-based SurfControl Plc in a deal that the Web filtering company hopes would allow it to better compete against the biggest security firms in the world.

Relax, Poway Dentist Mixes Fruit Drink Spiked With South Pacific Root

A Poway dentist is ready to drill into the bottled beverage market with an anti-energy drink inspired by anxious patients.

Federal Grand Jury Indicts Former General Counsel in Peregrine Scandal

Another former executive of Peregrine Systems Inc., the subject of the largest corporate accounting fraud in San Diego history, was indicted by a federal grand jury last month.

Life Sciences Industry Leaves Big Impression on San Diego

Here are a few facts about San Diego's life sciences industry.

Young Entrepreneur Learns How to Ride the Wave of Success

Having shaped thousands of custom surfboards, Mike Walker is now shaping his own business, the Walker Project. At 27, the entrepreneur is one of the most versatile surfboard shapers in the world.

Urban Real Estate Services Launches Division to Handle Infill Projects

Urban Real Estate Services has created a new division to cater to smaller urban developers in redevelopment and urban infill areas.

South County, Tijuana Leaders Double Stacking at Border Ports

With wait times at San Diego's two main border crossings running more than two hours on busy days, a regional group of organizations is offering a solution federal officials are now testing: double stacking.

Breakthroughs in Cancer Treatments Could Lie Just Around the Corner

The American Cancer Society estimates that in 2007, close to 560,000 Americans are expected to die of cancer , more than 1,500 a day. But, in San Diego's booming life sciences industries, much progress is being made.


For April 30, 2007.

Biocom Taking Notes at Boston Conference as It Prepares to Host '08 Event

The global biotechnology industry treks to Boston this week for the annual Biotechnology Industry Organization conference where 20,000 attendees are expected to gather.

Cash-Rich Private Investors Eager to Lease Public Assets Such as Roads and Highways

Cash-Rich Private Investors Eager to Lease Public Assets Such as Roads and Highways

Two Leaders Dominate Market for Emergency Services

Two leaders have emerged in San Diego's $100 million emergency ambulance market. Both took different routes to reach their leadership positions.

Friday, May 4

Callaway Improves Over First Quarter of 2006

Callaway Golf Co., a Carlsbad maker of golf equipment, reported May 3 that it had net income of $33 million on net sales of $335 million during the quarter ended March 31.

Acucorp Has British Buyer

Acucorp Inc., a San Diego software firm founded in 1988 that provides modernization tools for legacy applications, was acquired by Micro Focus, a British firm, for $40.7 million, according to Micro Focus.

Water Agency Receives 'Flex Your Power' Honors

The city of San Diego's water department has won a Flex Your Power Award for its energy efficiency.

Thursday, May 3

Cubic Profits From Record High Sales

San Diego-based defense contractor Cubic Corp. reported record high sales and increased earnings May 3 for the period ended March 31.

Amylin Expands Ohio Plant; Reportedly Offered $117M Incentive

Amylin Pharmaceuticals Inc. will expand its Ohio manufacturing facility to bring Amylin's total investment there to $400 million.

USS New Orleans Makes San Diego Its Home Port

The USS New Orleans, the newest surface ship in the Navy, was scheduled to arrive May 3 at its new home port at Naval Base San Diego.

Naviscan Raises $15M in Series C Financing

Naviscan PET Systems, which develops positron emission tomography scanners for imaging cancer, raised $15 million in a series C financing round, the San Diego company said May 3.

Wednesday, May 2

SAIC Gets $6.2B Deal

The Pentagon announced May 2 that it has awarded Science Applications International Corp. a fixed-price contract with a maximum value of $6.2 billion.

Sempra Earnings Decline Slightly

Sempra Energy, a utility and energy holding company, reported net income of $228 million, or 86 cents per diluted share, on revenue of $3 billion for the quarter ended March 31.

Orexigen Completes Initial Public Offering

Orexigen Therapeutics Inc. announced the completion of its initial public offering May 1, closing the sale of 7 million shares of common stock. San Diego-based bio-pharmaceutical company Orexigen went public April 26 and sold its shares on the Nasdaq as O

Beckman Makes Counteroffer for Biosite

With the clock ticking down on a legal deadline, Beckman Coulter upped its bid for Biosite Inc. on May 2 by $5 per share to match a $90 per share bid of Inverness Medical Innovations.

Tuesday, May 1

Novatel Wireless Revenues Grow to $110M

What a difference a year makes for Novatel Wireless Inc. The company reported May 1 that it had net income of $10.1 million, or 34 cents per share, on revenue of $109.8 million

Think Tanks Forecast Declining San Diego Economy

Two groups released forecasts on San Diego's economic climate May 1, both detailing a slowdown in the region's growth.

America's Finest Barbecue Climate? Sorry, San Diego

San Diego usually gets high marks on its pleasant climate but a recent released survey using weather data ranked the city 15th best in the nation for the number of ideal grilling days.

DivX Reports Earnings of $3.7M

San Diego-based technology licensing company DivX Inc. has announced first-quarter earnings for the period ended March 31. Revenue for the period increased 43 percent over first-quarter 2006 revenue to $20.2 million, yielding quarterly net income of $3.7

SEC Subpoenas 2 Former AMS Executives

Two former executives of Advanced Marketing Services, a San Diego book distributor that has been wracked by an accounting fraud scandal dating to 2003, have been issued subpoenas by the Securities and Exchange Commission, according to an SEC press stateme