SD BUSINESS JOURNAL DAILY ENEWS
The California Coastal Commission has decided to appeal a recent federal court ruling that allowed for the Navy Broadway Complex development to proceed, meaning further delays for the long-stalled $1.2 billion downtown San Diego project.
A diagnostics company in San Diego has raised $30 million in Series C financing to help commercialize its new technology for cancer research.
San Diego-based Garden Fresh Restaurant Corp.’s board of directors has appointed John Morberg as its CEO effective immediately.
Qualcomm Inc. announced on July 30 that it bought Silicon Valley-based EmpoweredU for undisclosed terms.
Cyber security concerns have advanced far beyond interruption of service and theft of consumer credit card information and should be a priority of corporate boards, according to members of a panel at the Corporate Directors Forum on Wednesday morning at the Hyatt Regency La Jolla.
EvoNexus, the incubator of CommNexus, the area’s nonprofit trade group for the high-tech industry, said one of its portfolio companies Portfolium recently closed a $900,000 seed round of investment from the Tech Coast Angels and other San Diego-based investors.
SeaPort Airlines Inc. plans to begin new nonstop flights between San Diego International and Burbank Bob Hope Airport on Oct. 1.
San Diego-based Overland Storage Inc., a provider of data management and protection services, has settled all claims in its patent infringement litigation filed against BDT Media Automation GmbH, the local company announced.
Focus Real Estate LP of Costa Mesa has purchased the Southrail Business Park industrial complex in Chula Vista for $11.2 million, according to the seller, Westcore Properties of San Diego.
The Department of Defense said on July 30 that ViaSat Inc. and Data Link Solutions LLC will share a $116.8 million contract modification to do systems engineering and integration on sophisticated military radios:
Executive Peggy Johnson is leaving Qualcomm Inc. after nearly two and a half decades at the San Diego tech company, a Qualcomm spokesman confirmed.
Cubic Corp. said on July 29 that it received a contract worth more than $700 million to provide fare collection services to London’s mass transit system.
San Diego-based investment firm BBL Commercial Real Estate and Westbrook Partners of New York City have purchased the Fifth Avenue Financial Center in Bankers Hill, better known locally as “The Mister A’s Building,” BBL officials announced.
Correlation Ventures, a San Diego venture capital firm that invests only with other venture firms and has deployed $166 million, said it added eight new portfolio companies during the second quarter of this year, bringing the total number of companies it’s funded to 88.
The California Department of Finance has approved $4.9 million in funding, needed to move forward with development of the $17.7 million Horton Plaza Park project in downtown San Diego.
The San Diego chapter of Tech Coast Angels said its investments in the first half of this year, $7.3 million, matched the total invested in all of 2013.
The Food and Drug Administration has warned CareFusion 2200 Inc., a subsidiary of San Diego-based CareFusion Corp., that it failed to satisfactorily investigate and respond to 32 complaints of particulate matter and debris found in certain medical devices
Sequenom Inc., a life sciences company that provides genetic analysis solutions, and Mayo Medical Laboratories, one of the top providers of esoteric laboratory services in the U.S., have announced a license agreement for Sequenom’s noninvasive prenatal testing patents and applications.
NuVasive reported second quarter 2014 revenue of $190.7 million as compared with $165.7 million from the previous year.
Medical Marijuana Inc., a San Diego publicly traded company (OTC: MJNA) said it officially assumes control of Dixie Botanicals, a Denver based business that makes cannabidiols (CBD), the main component in a variety of hemp oil products, in a transaction that will likely increase its staff.