SD FINANCE

Union Bank Hosts Discussion on Improving Access to Capital

FINANCE: Acquisition by U.S. Bank May Bolster Community Programs

A recent panel discussion hosted by Union Bank at the Hotel Del Coronado explored the causes of and solutions to inequities in banking for marginalized communities.

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ADF Tops $1B in Loans

FINTECH: Serving the ‘Underestimated’

This month, Applied Data Finance, LLC (ADF) announced a milestone – more than $1 billion in loans originated or facilitated by its AI-powered analytics platform.

Kratos Reports Q1 Revenue of $196M

New Acquisition Specializing in Signals, Space Adds to Top Line

Kratos Defense & Security Solutions Inc. (Nasdaq: KTOS) — the Scripps Ranch corporation providing military customers with electronics, drones and other products and services — posted a net loss of $15.9 million, or 12 cents per share, on revenue of $196.2 million during its first quarter.

Friendly Hills Bank Expands Executive Team

On May 17, Friendly Hills Bank (FHB) announced it is bolstering its executive suite with a spate of new hires.

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The San Diego Foundation Rallies to Support Working Parents

NONPROFITS: Taking A Closer Look at San Diego’s Childcare Needs

Two reports commissioned by local nonprofit The San Diego Foundation and shared in April shed light on a continuing challenge for working parents: How to best navigate in an era in which the affordability and availability of childcare in San Diego County is a growing challenge.

Illumina, Deerfield Ink Drug Development Deal

PHARMA: Partnership to Take Genomics Approach to Discovery

Illumina, Inc. is expanding its reach into drug discovery and development. On May 5, the San Diego DNA sequencing giant announced a partnership with New York-based healthcare investment management firm Deerfield Management to apply a genetic-led approach to develop novel therapies for diseases with unmet medical needs.

MaxLinear Buys Silicon Motion

TECH: $3.8B Deal to Double Firm's Revenue

Carlsbad-based MaxLinear, Inc. is dramatically scaling up its global operations with its proposed, $3.8 billion acquisition of Silicon Motion.

Celebrating Innovation at Five.Ten.Thirty

The inaugural Five.Ten.Thirty drew about 3,400 to Petco Park on April 28. The daylong event organized by Connect San Diego featured booths from around 100 startups across a variety of innovation industries. There were also over 180 venture capital groups and around 140 angel investors in attendance.

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Sempra Posts Q1 Earnings of $612M

Sempra Energy (NYSE: SRE) bucked the general stock market trend Friday with shares gaining value as major indexes lost value. Shares closed up 3.7% to $164.85.

FTN Network Going Big in Sports Betting Space

WEBSITES: Company Gains Spot in Top Sports Accelerator

In the wide, wide world of sports betting and fantasy sports, good data is key. That is the premise behind FTN Network, a multi-site platform featuring content and data for sports betting and fantasy sports aficionados.

South 8 Raises $12M For Liquified Gas Battery Tech

MANUFACTURING: Innovation Improves Safety, Power of Li-ion Batteries

San Diego-based lithium battery innovator South 8 Technologies is charging up. On April 26, the company announced it had closed a $12 million Series A funding round it will use to accelerate the commercialization of its patented Liquefied Gas Electrolyte (LiGas) technology.

‘Smart’ Businesses Progressing Toward Inclusivity

REPORT: Employers Must Focus on ‘Inclusive’ Economic Development

To stay competitive in the global marketplace, San Diego County businesses, educators and other stakeholders in the region need to step up and look at ways to stay on top of hiring needs of the future - and that means a push toward more inclusive development.

Port Tenants Association Changes Name

NONPROFITS: Rebrands as 'San Diego Working Waterfront'

The San Diego Port Tenants Association has changed its name to San Diego Working Waterfront, and on April 21 unveiled a new logo that honors its roots and the people engaged in the myriad businesses on the waterfront.

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Bolstering Productivity Platform

SOFTWARE: ClickUp Buys Slapdash

With the use of workplace productivity software steadily on the rise, ClickUp announced last week (April 26) that it has acquired Slapdash, a small but mighty SaaS firm with five employees working remotely from San Francisco, Toronto and London.

Conscious Capitalism Sponsoring Premiere of New Documentary

EVENTS: Film Focuses on High-Stakes Company Turnaround

The San Diego chapter of the global Conscious Capitalism movement is hosting a screening of the new documentary film ‘Beyond Zero’ on May 25 at the Cohn Restaurant Group’s Coasterra on Harbor Island Drive.

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