Stories for August 22, 2014
The U.S. Navy announced two ship repair contracts Aug. 22.
San Diego-based ViaCyte Inc. announced that it has entered into a rights agreement with Janssen Research & Development LLC, one of the Janssen Pharmaceutical Companies of Johnson & Johnson.
Illumina Inc. today announced it has formed collaborative partnerships with AstraZeneca, Janssen Biotech Inc. and Sanofi to develop a universal next-generation sequencing oncology test system.
Ligand Pharmaceuticals Inc. announced the signing of a commercial license agreement with Atlanta, Georgia-based Avion Pharmaceuticals LLC for the development and commercialization of four Captisol-enabled programs.
Dempsey Construction Inc. of Carlsbad is at work on a $3.7 million renovation and expansion that will convert an existing property into the new location for Village Club Card Room casino in Chula Vista.
Jackson Design & Remodeling decided to come up with a unique way to celebrate 25 years in business in San Diego.
Investment firm Fenway Properties of San Diego has obtained $7.1 million in financing for a planned renovation of Tri-City Corporate Towers in Oceanside.
KFWB-AM (980) is ending its newstalk format a week earlier than planned.
What will the Port of San Diego look like circa 2064? I waded into the port’s effort to create a master plan for its next 50 years (see page 1), and on the way got to thinking about cargo operations.
Bob Deyan, who grew his San Fernando Valley business into one of the largest independent audiobooks producers, died on Tuesday in Santa Monica from complications of ALS. He was 56.
Ixia has named a technology industry veteran Bethany Mayer as its chief executive and president.
Balboa Thrift and Loan, based in Chula Vista and one of the last six thrift and loans in the state, just keeps on truckin’, racking up profits despite more competitors in its chosen niche — auto lending.
IPC The Hospitalist Co. Inc. announced on Friday that it has acquired two doctors groups in Florida.
A $75 million Warner Center luxury apartment building that opened less than a year ago has been sold to an undisclosed institutional investor.
The Los Angeles Business Journal’s index of the area’s largest public companies rose for the week.
The featured home in this week’s column is in Fallbrook, right on the edge of Bonsall, just 10 minutes from the San Luis Rey Downs Training Center. The property, a horse lover’s dream, which the now retired horse breeder calls Hacienda Eleganté.
If you’re a fan of AMC’s “Mad Men,” then you’ve probably seen actor Jon Hamm lounging in sleek midcentury modern office furniture while sipping a stiff drink as his iconic character, Don Draper.
Governor signs bill allowing dogs on eatery patios. IPC acquires two more doctors' groups.
Experts at a recent craft beer summit in North County pointed out that brewers from that region have some work to do when it comes to boosting their profile in places such as the city of San Diego, which has its own crowded contingent of beer makers running their own tasting rooms and brewpubs.
TOURISM: New Orca Enclosures and Research Efforts Pledged By Park
SeaWorld Entertainment Inc. plans to spend several hundred million dollars to overhaul its performing-whale enclosures, including a near doubling of its orca environment in San Diego, amid other moves to bolster its investments in marine research.
It started with a phone call Friday night at the opening of Memorial Day weekend.
PHARMA: Co. Looks For Broad Applications To Common Problems
A San Diego-based pharmaceutical company is hoping to grab market share in the ophthalmology space by combating expensive post-cataract surgery drugs with a cheaper and more efficient alternative.
Moonshark, a mobile entertainment publisher, has been acquired by Bowling Green, Ky., mobile game studio Hitcents.
The Dow Jones industrial average fell 38 points in Friday’s trading to 17, 001. The S&P 500 fell 4 points to 1,988. The Nasdaq rose 6 points to 4,539. The LABJ Stock Index was flat at 204.
SERVICE: DNA Analysis Is Used to Find That Special Someone
San Diego is home to countless institutes, laboratories and research collaborations aiming to find better uses for advancements in genetic sequencing. Yet, there is one market that seems an unlikely match for DNA analysis — online dating.
The value of the San Diego Chargers increased by $46 million or 5 percent over the past year to $995 million, according to the annual Forbes report on the National Football League.
HEALTH: He Sees Need for ‘Constellation’ Of New Relationships
Sanford-Burnham Medical Research Institute announced that the board of trustees has appointed Perry Nisen as CEO and holder of the Donald Bren chief executive chair for the institute’s La Jolla-based headquarters.
HEALTH: Co. Just Signed an Enterprise Deal With Sharp
Geneva Health Care Inc., a San Diego-based medical technology company has developed a platform that receives data from cardiac devices and converts it into usable information for health care providers. The data is presented in a dashboard that is integrated into the provider’s internal computer system so that physicians and medical staff can quickly identify the urgency of a patient’s needs.
The region is crazy with new business activities. As of early last week, Stone Brewing Co. had raised close to $1.9 million from about 11,160-plus funders at crowdfunding site Indiegogo.com to underwrite its inventive “Stone Groundbreaking Collaborations” pre-sale event.
FOOD: Kashi Given Some Independence From Kellogg
Kashi, the San Diego homegrown natural cereal business that had its local office closed last year by owner Kellogg Co. and moved to Michigan, is returning to its roots.
DEFENSE: Navy to Buy 68 of the Rugged Aircraft
As the people of Rancho Bernardo went about their business Aug. 19, an operator in one of Northrop Grumman Corp.’s secure office buildings there took control of a U.S. Navy Triton — a large unmanned aircraft — during the middle of its flight over the western United States.
REAL ESTATE: Life Sciences Activity, IPOs Create Demand
A potent blend of initial public offerings, merger and acquisition activity and steady venture capital funding have made life-science properties the hot commodity in San Diego real estate leasing so far in 2014.
AVIATION: Edge-Tech Supplies Molds and Parts
Edge-Tech Design and Manufacturing has a seat on Icon Aircraft Inc.’s sporty little A5 aircraft — and it hopes to see revenue take off if aircraft sales do.
PROPERTY: Businesses Ready to Defend Turf as Port Shapes Its Big Picture
A view of the Port of San Diego from 10,000 feet shows a diverse place, with small businesses, heavy industry, hotels and restaurants, U.S. Navy installations, parks, wetlands, marinas, cargo terminals and more.
Opponents of an approved hike in San Diego’s minimum wage have begun circulating petitions to place the matter before voters, following City Council’s recent override of a mayoral veto.
Some of the business events planned in the county for the week of Aug. 25, 2014.
The Los Angeles Business Journal brings you a weekly roundup of L.A. launches.
Australia-based Billabong International Ltd. said it plans to sell its surf apparel retailer Swell.com in Irvine to a consortium of investors in a spinoff that also includes a 51% sale of SurfStitch, its other e-commerce business.
Shares of San Diego-based Peregrine Semiconductor Corp. rose 60 percent early Aug. 22 on news that Japan-based Murata Manufacturing Co. Ltd. planned to buy the company for $471 million.
Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman’s Pershing Square Capital Management LP will submit a request today to Irvine-based Allergan Inc. calling for a special meeting of shareholders, according to reports.
Costa Mesa-based grilled chicken chain El Pollo Loco Inc. has signed a multibrand operator to develop 20 franchised locations in Houston and San Antonio.
Drought-induced groundwater loss has caused the ground to rise, especially in the snow-starved mountains of California, the Los Angeles Times reported.
California homeowners and pension funds will receive $800 million from Bank of America, the state’s share of the settlement over toxic mortgages, the Sacramento Bee reports.
Moonshark, a small mobile game publishing startup in Los Angeles backed by Creative Artists Agency has been acquired by Moonshark, a Kentucky software company with a focus on celebrity-driven apps, the Los Angeles Times said.
Emergency room visits not requiring hospitalization have fallen at Los Angeles County’s public hospitals between January and March, after six consecutive years where such visits increased, the Los Angeles Times reported.
NASA has seeded $1.5 billion to Hawthorne’s SpaceX, Chicago’s Boeing and Irvine’s Sierra Nevada Corp., and is expected to spend another $785 million on at least one of the companies over the next year as part of a heavily subsidized competition meant to end U.S. dependency on the Russian space agency, the Daily Breeze reported.
Los Angeles Unified School District’s $1 billion initiative to provide an iPad to every Los Angeles student, teacher and administrator was plagued with inadequate planning, a lack of transparency and a flawed bidding process, according to a draft district report obtained by the Los Angeles Times.
Despite promises by the Los Angeles Department of Water and Power to speed up the process, some customers are waiting months to get their home solar panels up and running, the Los Angeles Times reported.
While growers of almonds, one of the California’s most lucrative crops, enjoy record high production and skyrocketing sales despite the drought, wild salmon are competing with the crop for water and suffering as a result, NPR reported.
The Forum in Inglewood is gearing up to host the 2014 MTV awards, the first awards event there since the arena reopened this year after a makeover by its new owner, Madison Square Garden, the Los Angeles Times reported.
Getty Museum Director Timothy Potts hired Jeffrey Spier as its new senior curator of antiquities at the Getty Villa in Pacific Palisades and Davide Gasparotto, as senior curator of paintings based at the Getty Center in Brentwood, the Los Angeles Times reported.
The U.S. Copyright Office has confirmed that a selfie taken by a monkey or any other animal – doesn’t fall under copyright rules, CNBC reports. The office this week gave examples not eligible for protection, such as "a photograph taken by a monkey" and "a mural painted by an elephant." The ruling relates to a legal tussle between a British wildlife photographer and Wikimedia.
The Dow Jones industrial average was down 26 points in Friday morning’s trading to 17,013. The S&P 500 was down 4 points to 1,988. The Nasdaq was up 1 point to 4, 533.