San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

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Qualcomm Revenue Misses Analysts’ Mark; Co. Receives Wells Notice From Feds

Qualcomm Inc. reported net income of $1.96 billion on revenue of $6.37 billion in the company’s second quarter — short of the $6.48 billion predicted by analysts in a Reuters poll.

South County Residential Land Sells for $21 Million

Moller Otay Lakes Investment LLC, a Delaware limited liability company, has purchased 867 acres of residential land near Jamul for approximately $21 million, according to real estate services provider Land Advisors Organization, which represented the seller.

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Q3 Earnings Are Up at ResMed Inc.

Earnings for ResMed Inc. continue to rise, with a net income of $90 million for the quarter ended March 31 as compared with $84.9 from the previous year.

California Economic Activity Index Dips 1.1% in February

Comerica Bank’s California Economic Activity Index declined in February, dropping 1.1 percent to 109.

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Bumble Bee Seafoods Completes Move into New East Village Headquarters

San Diego-based Bumble Bee Seafoods LLC has completed the relocation of its corporate headquarters to the historic Showley Bros. Candy Factory building in East Village, near Petco Park.

GroundMetrics Raises $2.73M in Funding Round

San Diego-based GroundMetrics Inc. — which offers technology services to the oil and gas industry — said that it raised $2.73 million in its series B funding round.

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Forbes Ranks San Diego As 10th Best City for Millennials

Forbes magazine has ranked San Diego as the nation’s 10th best city for the Millennial generation, naming Little Italy as the city’s top neighborhood for residents between the ages of 25 and 34.

Local Call Center Company Changes Its Name

Intelicare Direct is the new name for Desert Call Connection, the Kearny Mesa-based business announced recently.

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Miller Hull Chosen for I.D.E.A. District Project, Will Relocate There

The San Diego office of architectural firm Miller Hull Partnership will relocate to a planned new mixed-use office and residential development in East Village, after being chosen by developers to design IDEA1, slated for the downtown area known as the I.D.E.A. District.

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Navy Names New Spawar Commander

The U.S. Navy has tapped Rear Adm. David H. Lewis to be the next commander of Spawar.

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Illumina’s Q1 Revenue Is Up 27%

Revenue for Illumina Inc. surged in the first quarter of 2014, thanks to the “astonishing demand” for a slew of newly released gene sequencing products, said CEO Jay Flatley.

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Trigild Partners on $16.5 Million Acquisition of Santa Cruz Hotel

San Diego-based Trigild and Blu Hotel Investors of Santa Barbara have completed a $16.5 million acquisition of a 100-room Holiday Inn Express & Suites in Santa Cruz.

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AT&T Considering Ultra-Fast Internet Connectivity for San Diego Region

AT&T Inc. said it is considering putting high-speed Internet connectivity in San Diego and 20 other metro areas in the United States.

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Petco Names President of Unleashed Division

Petco, the San Diego based pet foods retailer, said it named Brad Weston president of its Unleashed by Petco division.

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Seminar Will Explain and Explore Angel Investing Opportunities

The San Diego Tech Coast Angels is looking for a few good investors.

2 San Diego Businesses Are in the Hunt for Carrier-Drone Contract

The U.S. Navy recently offered contractors details on what it would like to see in its first production aircraft carrier-based drone.

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MG Properties Buys 4 Apartment Communities for $80 Million

San Diego-based MG Properties Group has purchased four California apartment properties totaling 770 units, for a total of more than $80 million.

Conference Will Help Create Links Among Industry, Innovators and Foreign Investors

“Making It in America” is the title of a three and half-day conference aimed at making connections for local innovators with business representatives from China, the Philippines, Thailand and Vietnam.

Nominations for “Best of the Bar” Close May 2

The San Diego Business Journal will soon be closing nominations for its inaugural Best of the Bar 2014 supplement. Nominations must be received by Friday, May 2.

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Active Network Plays Role in White House Easter Egg Roll

The Active Network handled the ticket lottery for the White House Easter Egg Roll.