San Diego Business Journal


Illumina Reports Q2 Revenue of $600.1 million

San Diego’s medtech giant Illumina Inc. reported Tuesday that its second quarter revenue rose 11 percent.

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Qualcomm Agrees to Pay $19.5 Million to Settle Discrimination Complaint

Qualcomm Inc. has agreed to pay $19.5 million and make internal changes to settle accusations it discriminated against women employed by the San Diego-based tech giant.

Organovo Holdings Inc. Moving to Nasdaq Exchange

Organovo Holdings Inc., the San Diego firm that “bioprints” three-dimensional human tissue, is moving its stock to the biotech-heavy Nasdaq exchange from the NYSE MKT.

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Philz Coffee, Lazy Acres Market Coming to Encinitas

Encinitas will be home to the first San Diego County location of San Francisco-based Philz Coffee, along with the first local store of the expanding Lazy Acres Market grocery chain, according to brokerage firm Retail Insite.

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Sam Attisha Named SVP/Regional California Manager at Cox

Cox Communications announced Tuesday it has made permanent its interim appointment of Sam Attisha to the position of senior vice president and California region manager.

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Instacart Extends Grocery Delivery Service to San Diego

San Francisco-headquartered Instacart has extended its retail grocery delivery service to the San Diego market, initially delivering to nine local zip codes across 11 neighborhoods.

GO-Biz Accepting Applications for $243 Million in Tax Credits

About $243 million in tax credits will be available during the 2016-17 fiscal year for businesses that want to expand in or relocate to California.

Escondido-Based Custom Blow Molding Acquired by Missouri Plastics Manufacturer

A Missouri-based manufacturer has acquired Escondido’s Custom Blow Molding, a producer of packaging and containers for the sports nutrition and nutraceuticals market. Terms of the deal announced Monday were not disclosed.

Registration Opens for Forum Focusing on Workplace Diversity

The San Diego Business Journal is highlighting its SDBJ Forum 2016 series with a special event focusing on the business side of diversity and inclusion on Thursday, Oct. 6. Registration for this timely topic is available now.

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Grocer Lazy Acres to Open in Former Haggen Space in Mission Hills

Lazy Acres Market, a natural and organic food store operated by the parent of Bristol Farms, has leased an 18,700-square-foot Mission Hills space formerly occupied by grocer Haggen Inc., according to brokerage firm Retail Insite.

Cubic Corp. Awarded 5-Year, $73 Million Navy Contract

Cubic Global Defense, a business unit of Cubic Corp., announced that it has been awarded a five-year, $73 million firm-fixed-price task order to support aviation training for the U.S. Marine Corps. The follow-on contract is the third consecutive award Cubic has received since 2005.

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Marriott Hotel at UTC Gets New Owner

New York-based Carey Watermark Investors 2 Inc. (CWI 2) has purchased the 372-room San Diego Marriott La Jolla hotel in University Towne Center for an undisclosed price, the company announced.

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Outerwall Inc. to be Acquired by Apollo Global Management for $1.6 Billion

Outerwall Inc., which acquired San Diego startup ecoATM in 2013, announced Monday it has agreed to be bought by alternative investment fund Apollo Global Management LLC for $1.6 billion.

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Prominent San Diego Philanthropist Conrad Prebys Dies

Prominent San Diego philanthropist Conrad Prebys has died of cancer at age 82, his family announced Monday morning (July 25).

Apricus Biosciences Terminates One Agreement, Signs Another

San Diego biopharma Apricus Biosciences is expanding its exclusive distribution deal with Swiss firm Ferring Pharmaceuticals Inc. and terminating its deal with German drugmaker Sandoz.

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Irvine Investment Firm Buys Sorrento Mesa Industrial Buildings for $49M

An affiliate of Irvine-based healthcare property investment company HCP Inc. has purchased a portfolio of two Sorrento Mesa industrial properties and an adjacent land parcel for $49 million, according to CoStar Group and public data.

The Business Calendar for the Week of July 25, 2016

Some of the business events scheduled in the county for the week of July 25, 2016, and beyond.

San Diego-Based Blue Seas Fabrication Opens Operation

Blue Seas Fabrication has opened for business.

Business Calendar for Week of July 25, 2016

Some of the business events scheduled in the county for the week of July 25, 2016, and beyond.

Allergan Terminates Agreement With Adamis Pharmaceuticals

Pharmaceutical giant Allergan Plc is backing out of its deal with San Diego-based Adamis Pharmceuticals Corp. to commercialize the firm’s epinephrine pre-filled syringe for the treatment of life-threatening allergic reactions (anaphylaxis).