San Diego Business Journal


Carlsbad-Based Spy Inc. Reports Fourth Quarter Financials

Spy Inc., the Carlsbad company that makes sunglasses and goggles for the youth market, announced its fourth quarter financial results on March 5, reporting a comprehensive loss of $445,000 on net sales of $9.8 million.

BAE Systems, Tapestry Solutions Competing for U.S. Navy Contracts

BAE Systems Information Solutions Inc. and Tapestry Solutions, both of San Diego, are among nine companies that will compete for U.S. Navy software contracts, the Pentagon announced on March 4.

Sequenom Reports Net Loss of $14.4 Million for Fiscal 2014

Sequenom Inc., a life science company providing genetic analysis solutions, reported its net loss for fiscal 2014 ($14.4 million) improved 87 percent from 2013 ($109.6 million).

Mad Catz to Produce Peripherals for Rock Band 4 Video Game

San Diego-based Mad Catz Interactive Inc. announced on March 5 that it will produce peripherals for the Rock Band 4 video game from Harmonix Music Systems Inc.

USD Names Norm Miller to Endowed Chair

Norm Miller has been named the Ernest W. Hahn Chair of Real Estate Finance at the Burnham-Moores Center for Real Estate in the School of Business at the University of San Diego.

Sean Karafin Joins San Diego Regional Chamber of Commerce

Sean Karafin has been named the executive director of public policy and economic research for the San Diego Regional Chamber of Commerce.

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San Diego Tourism Authority Aims to Grow International Visitors

Snagging a bigger share of Asian visitors now visiting California, particularly the fast-growing segment of travelers from China, will be among top 2015 priorities for San Diego Tourism Authority, officials said at the organization’s annual report and outlook gathering.

Price of InfoSonics Corp. Shares Rise Almost 60 Percent

Shares of InfoSonics Corp. rose almost 60 percent on March 4, closing at $2.71, on the strength of the company’s earnings report.

Region's Leading Economic Indicators Up Sharply in January

Economic indicators for the San Diego region rose sharply in January, according to the University of San Diego.

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San Diego Firm Buys Phoenix Apartments for $36.2 Million

San Diego-based MG Properties Group has acquired the 270-unit Trillium Papago Apartments in Phoenix for approximately $36.2 million, the private investment company announced.

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Bank of America Merrill Lynch Appoints Parra to Lead SoCal Commercial Market

Bank of America Merrill Lynch announced it has named Julian Parra as market executive in the West region of Global Commercial Banking.

R&D Costs Leave Receptos With Q4 Net Loss of $38 Million

Receptos Inc., a biopharmaceutical company developing treatments for immune and metabolic diseases, reported a fourth-quarter net loss of $38 million, up from $15 million in the same quarter the previous year.

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Poway Industrial Building Sold for $14.4 Million

An affiliate of CT Realty has purchased a Poway industrial building housing General Atomics Aeronautical Systems Inc. for $14.4 million, the Aliso Viejo-based property investment company announced.

Orexigen Therapeutics Shares Rise 50 Percent After Filing Patent

Shares of Orexigen Therapeutics Inc. leapt 50 percent after the San Diego company filed a patent for its recently approved weight loss drug Contrave, claiming it reduced heart disease.

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Opponents Start Petition Drive to Repeal One Paseo Approval

Opponents of the controversial One Paseo mixed-use development in Carmel Valley have begun a signature-gathering campaign, aimed at repealing San Diego City Council’s recent approval of the project or placing the issue before city voters.

Crisi Medical Systems Acquired by Becton, Dickinson and Co.

San Diego-based Crisi Medical Systems Inc., a medical technology company, has been acquired by global firm Becton, Dickinson and Co. (BD).

Fast Forward to Produce Central Coast Culinary Event

San Diego-based Fast Forward Event Productions has been chosen by Visit San Luis Obispo County to produce “Sunset: Savor the Central Coast,” a culinary and wine event featuring celebrity chefs.

Denovo Biopharma Gets Exclusive Drug License from Eli Lilly

Denovo Biopharma LLC has exclusively licensed a previously failed late-stage neuroscience drug from global pharma firm Eli Lilly and Co., according to a recent news release.

Vibra Earns a Top Ranking for Its SBA Lending in Local District

Vibra Bank said that it has been recognized as the No.1 “small size” SBA 7(a) lender for all of 2014 by the San Diego District Office of the U.S. Small Business Administration.

Sotera Wireless Acquires Reflectance Medical

Sotera Wireless, the Mira Mesa-based medical device company, said on Feb. 25 that it acquired Reflectance Medical Inc. of Westborough, Mass. for undisclosed terms.