San Diego Business Journal

SD FINANCE

Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...

Restaurant’s New Membership Program Serves Its Purposes

DINING: ‘Ethically Sourced’ Cuisine Comes With Sense of CommunityThe restaurant business’s thin profit margins can make embarking on new ventures a financial leap of faith, whether it’s launching a catering arm or overhauling a menu.

By Sarah de Crescenzo July 14, 2016 3:59 p.m.   $$ Share

Local REITs Report Strong Second-Quarter Results

Three San Diego-based real estate investment trusts – Realty Income Corp., American Assets Trust Inc. and Retail Opportunity Investments Corp. -- recently reported generally strong revenue and other financial results for their second quarter ending June 30.

Tease photo

Michael Johnson Promoted to Co-CEO at Gurtin Fixed Income Management

Gurtin Fixed Income Management LLC on Thursday announced Michael Johnson’s promotion to co-CEO.

Sequenom Acquired by LabCorp for $371 Million

San Diego’s Sequenom Inc. is being acquired by LabCorp, a giant in the diagnostics and lab testing industry, in a deal worth $371 million.

Escondido-Based Custom Blow Molding Acquired by Missouri Plastics Manufacturer

A Missouri-based manufacturer has acquired Escondido’s Custom Blow Molding, a producer of packaging and containers for the sports nutrition and nutraceuticals market. Terms of the deal announced Monday were not disclosed.

County’s Unemployment Rate Inched Up to 5.1 Percent in June

The unemployment rate in San Diego County was 5.1 percent in June 2016, up from a revised 4.2 percent in May 2016, and below the year-ago estimate of 5.2 percent, according to a news release from the state Employment Development Department.

Tease photo

Gala Continues Its Winning Ways in Helping Challenged Athletes

The San Diego-based Challenged Athletes Foundation celebrated its 10th anniversary of A Celebration of Heroes, Heart and Hope Gala. More than 900 people attended the event at the Waldorf Astoria New York. During the last nine years, the New York gala has raised more than $11.2 million to help fulfill the organization’s mission. Funds raised at events have allowed CAF to raise more than $73 million in its 23-year history and satisfy more than 13,000 grant requests from physically challenged athletes in all 50 states and more than 32 countries.

Tease photo

There’s a new show in town: The Startup Show

Leaders at San Diego Startup Week have launched a web series on YouTube called “Startup Show San Diego.”

VC Focus on Local Startups, Early-Stage Cos. A Good Sign

CAPITAL: Strong Q2 Is 7th Highest in Nation

Venture capital investment in San Diego rose last quarter to $350.5 million, bolstered by the region’s largest-ever deal.

Seacoast Commerce Banc Holdings Posts Q2 Net Income of $1.78 Million

Net income for Seacoast Commerce Bank corporate parent Seacoast Commerce Banc Holdings was nearly $1.78 million in the second quarter of 2016, a 30.4 percent increase compared to the second quarter of 2015.

Region's Businesses Losing Confidence, Survey Finds

Confidence among San Diego County businesses fell in June, according to the San Diego Regional Chamber of Commerce's monthly business outlook forecast, dropping to the lowest level since the index launched nearly three years ago.

Illumina Is Seeking Candidates for Its Accelerator Program

Gene sequencing giant Illumina Inc. is calling for startups to apply to its business accelerator program for early-stage businesses in the genomics space.

AltheaDx Inc. Aims to Raise $6M in Debt Financing

San Diego molecular information firm AltheaDx Inc. has raised $2.2 million in debt financing, according to a form recently filed with the Securities and Exchange Commission.

HCAP Partners Invests Undisclosed Amount in Texas Software Firm

San Diego-based private equity firm HCAP Partners has invested in Lucernex Inc., a Texas firm that sells cloud-based workplace management systems and lifecycle management systems to support its global expansion.

Tease photo

Teen Sets Great Example as She Puts All Her Heart Into Helping

Make-A-Wish San Diego and San Diego Habitat for Humanity came together to make an inspiring young teen’s wish come true. Julia, a senior at Mission Hills High School in San Marcos, was an MVP on the varsity volleyball team and had visited the Dominican Republic last summer to build homes for families in need and was immediately hooked on giving back. She had plans to make a similar trip again this year, but in November, she was diagnosed with cancer that prevents travel.

Tease photo

STREET SMARTS

With Gig Economy Workers and Data on Board, Wrapify’s Advertising Platform Is Moving Along

It’s been nearly a year since San Diego tech startup Wrapify began connecting drivers interested in getting paid for turning their vehicles into moving billboards with advertisers who wanted to track impressions from outdoor marketing in real time.