San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

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Coastal Commission Appeals Federal Court Ruling on Navy Broadway Project

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.

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Epic Sciences Raises $30M, Names Lucier New Director and Board Chairman

A diagnostics company in San Diego has raised $30 million in Series C financing to help commercialize its new technology for cancer research.

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Garden Fresh Names Morberg CEO

San Diego-based Garden Fresh Restaurant Corp.’s board of directors has appointed John Morberg as its CEO effective immediately.

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Qualcomm Buys EmpoweredU

Qualcomm Inc. announced on July 30 that it bought Silicon Valley-based EmpoweredU for undisclosed terms.

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Panel Stresses Need, Necessity of Proactive Cybersecurity Measures to Meet Growing Threats

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.

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Portfolium Funding Is Part of EvoNexus' Recent Successes

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.

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SeaPort Airlines Starting San Diego-Burbank Flights in October

SeaPort Airlines Inc. plans to begin new nonstop flights between San Diego International and Burbank Bob Hope Airport on Oct. 1.

Overland Storage Settles Patent Litigation, Enters Cross-License Agreement With BDT

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.

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Chula Vista Industrial Park Sells for $11.2 Million

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.

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ViaSat Shares $116.8M Defense Deal With Iowa Company

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:

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Peggy Johnson Is Leaving Qualcomm

Executive Peggy Johnson is leaving Qualcomm Inc. after nearly two and a half decades at the San Diego tech company, a Qualcomm spokesman confirmed.

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Cubic Receives $700M Deal With London Mass Transit System

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.

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'Mister A’s Building’ at Bankers Hill Gets New Owners

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.

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Correlation Ventures Adds 8 New Portfolio Companies in Q2

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.

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State Funding Clears Way for Horton Plaza Park Construction

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.

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San Diego Tech Coast Angels Invests $7.3M in First Half

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.

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CareFusion Subsidiary Receives Warning From FDA

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 Reports Q2 Results, Inks License Agreement With Mayo Medical

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 Reports Q2 Revenue of $190.7 Million

NuVasive reported second quarter 2014 revenue of $190.7 million as compared with $165.7 million from the previous year.

Medical Marijuana Inc. Makes $6.8M Deal for Dixie Botanicals

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.