Inseego Receives $19.7M Private Placement

Inseego Corp. said Aug. 6 that it received a private placement of $19.7 million from an affiliate of Tavistock Group as well as North Sound Partners.

Samumed, San Diego Biotech Developing Regenerative Drugs, Announces $438M Financing Round

Company is developing treatments for a broad range of diseases, including a variety of cancers and Alzheimer’s.

With Impairment Charges, Sempra Swings to 2nd Quarter Loss

Sempra Energy reported a net loss of $561 million, or $2.11 per share, on revenue of $2.56 billion in its second quarter.

Emerald Textiles Acquired

Encore Textile Services has acquired Emerald Textiles, a San Diego-based health care linen service provider.

Bank of Southern California Completes Americas United Acquisition

Acquisition increases Bank of Southern California assets to about $720 million.

BofI Federal Bank Agrees to Acquire $3B in Deposits from Nationwide Bank

Deal, anticipated to close in fourth quarter, would increase BofI deposits by more than one-third.

AMN Reports Record Quarterly Revenue

AMN Healthcare Services Inc., the San Diego-based health care staffing company, reported net income of $35.5 million on revenue of $558.1 million in the second quarter of 2018.

Three EvoNexus Startups Have Something to Work With: Money

Three local startups based at EvoNexus’ La Jolla office have quietly raised funds this year. It was the first financing each of the companies reported having raised.

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San Ysidro Recognizes Health Champions’ Role in Ensuring Care

San Ysidro Health held its annual gala, “Monte Carlo: A Night to Remember” recently at the Hilton San Diego Bayfront. The event hosted 600 guests and raised $400,000.

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S.D. Hangs on to 2 Carriers as Navy Makes Shifts

Two aircraft carriers will continue to call San Diego home following changes announced by the U.S. Navy on Aug. 2.

Kratos Reports Revenue of $151M; Drone Business Grows

Kratos Defense & Security Solutions Inc. reported a net loss of $7.7 million on revenue of $151.2 million during the company’s second quarter, which ended on July 1.

CUSTOM CONTENT: What to Consider When Creating a Sustainable Growth Plan for Your Construction Company

It’s important for owners both to initially consider and then continue assessing their company’s ideal size as the business environment changes.

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Qualcomm Launches Initial $10B Stock Buyback

Offer is the first in a planned repurchase program of up to $30 billion in shares.

Woodside Bows Out of Sempra’s Texas LNG Project

Australia-based Woodside Petroleum Ltd. will not pursue a partnership with Sempra Energy to develop Sempra’s liquefied natural gas (LNG) terminal in Port Arthur, Texas.