San Diego Business Journal


County Unemployment Rate Down to 4.7 Percent for September

San Diego County’s unemployment rate improved again in September, dipping to a seasonally unadjusted 4.7 percent from 5 in August, amid overall improvement in services and government employment.

PacketSled Signs One-Year Deal With City to Strengthen 'Smart City Network'

San Diego cybersecurity startup PacketSled said this week it had signed a one-year contract with the city of San Diego to strengthen its “smart city” network.

In 12-Month Period California Adds 30,900 Construction Jobs

California led the way for U.S. states in adding construction jobs in the 12 months that ended in September, according to analysis of Labor Department data released by the Associated General Contractors of America.

Business Calendar for Week of October 24, 2016

Some of the business events scheduled in the county for the week of October 24, 2016, and beyond.

UK Opens Office in S.D. to Promote Economic and Cultural Ties

The United Kingdom announced the opening Oct. 21 of a new San Diego office intended to strengthen its existing economic and cultural ties with the city.

Part of Lean Startup Conference in San Francisco to Be Live Streamed Locally

Entrepreneurs and startup folks in San Diego can tune in to the popular Lean Startup Week conference in San Francisco by attending a live stream event at the San Diego Central Library.

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Salk Professor Awarded Grant for Work in Tissue, Organ Generation

Juan Carlos Izpisua Belmonte, a professor at the Salk Institute for Biological Studies, has been awarded a $2.5 million grant to continue his work in stem cell biology and regeneration.

Seacoast Commerce Assets Increase to $578.9 Million

Third-quarter income at Seacoast Commerce Banc Holdings was just shy of $1.5 million in the third quarter, virtually unchanged compared to the same quarter of 2015, Seacoast Commerce Bank’s parent company said Thursday.

Minimum-Wage Hike Remains Concern in Monthly S.D. Chamber Survey

Despite looming minimum-wage increases, relatively few San Diego County businesses see a benefit in cutting their employees’ work weeks to 30 hours, according to a recent survey.

WD-40 Co. Reports $52.6 Million in Net Income for 2016

WD-40 Co. reported a 20 percent increase in profits for fiscal 2016.

Organovo Holdings Hopes to Raise $25M in Public Stock Offering

Organovo Holdings Inc., the San Diego firm that “bioprints” three-dimensional human tissue, is hoping to raise $25 million in a public offering of its stock.

Abacus Data Systems Inc. Rolls Out New Brand: Abacus Next

San Diego-based Abacus Data Systems Inc. has taken a new name: Abacus Next.

Michael J. Kamdar Takes Helm at Molecular Assemblies Inc.

San Diego biotech Molecular Assemblies Inc. has appointed Michael J. Kamdar as CEO and director.

Scripps Whittier Diabetes Institute Receives $2.9 Million NIH Grant

The Scripps Whittier Diabetes Institute has received a $2.9 million grant from the National Institutes of Health – its third from the agency in 13 months – to study the effectiveness of algorithm-driven text messages in managing the disease among high-risk Latinos in San Diego County.

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Kleinfelder Names John A. Murphy CFO, Patrick Schaffner SVP

Civil engineering firm Kleinfelder on Thursday said John A. Murphy has been named chief financial officer and executive vice president and Patrick Schaffner has been named senior vice president and director of human resources.

Qualcomm Bringing 5G Modem to Market

Qualcomm Inc. said it is bringing a fifth-generation modem to market, offering a way for wireless devices to communicate at ultra-fast speeds over dedicated radio frequencies.

East Village Project With Ritz-Carlton Hotel Gets City Approval

The San Diego City Council has approved the city’s first Ritz-Carlton Hotel, along with a Whole Foods grocery store and housing, in a $400 million mixed-use development project in East Village.

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Alex Rogers Named President of Qualcomm Technology Licensing

Qualcomm Inc. appointed Alex Rogers as president of its intellectual property arm, Qualcomm Technology Licensing. Rogers, a 15-year employee, has led Qualcomm’s licensing arm since March and has led its litigation department since 2007.

SDSU to Offer Online Business Administration Degree

San Diego State University is launching an online undergraduate business administration degree program.

Martin Latterich Named Vice President at Histogen Inc.

San Diego’s Histogen Inc., a regenerative medicine company, has appointed Martin Latterich as vice president of technical operations.