San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

San Diego Private Bank Reports Q2 Results

San Diego Private Bank reported second quarter net income of $594,000, up from $253,000 for the like quarter of 2013 when the results were affected by the bank’s merger with Coronado First Bank.

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Cubic Defense Contract Is Potentially Worth $500 Million

The Pentagon said on July 23 that the Defense Threat Reduction Agency awarded Cubic Corp. a contract that could be worth up to $500 million over 10 years.

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Qualcomm Reports Record Revenue

Qualcomm Inc. reported net income of $2.24 billion on revenue of $6.81 billion during its third quarter, which ended June 29.

La Jolla Pharmaceutical Prices Stock Offering

La Jolla Pharmaceutical Co., a developer of therapeutics targeting unmet life-threatening diseases, announced a price of $10.50 per share for a planned underwritten stock offering of 4.8 million shares of common stock.

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Illumina Reports Q2 Results

Illumina Inc. reported revenue of $448 million for the second quarter ending June 29.

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Dealstruck Fills Leadership Positions

Dealstruck, a San Diego online business that matches borrowers with investors who advance cash, said it hired three key executive to move the company forward.

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National City Apartment Building Sells for $9.8 Million

M&L Financial Co. XXXI of Newhall has purchased the 151-unit Golden Paradise senior apartment building in National City for $9.8 million, according to CoStar Group and public data.

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San Diego Building Housing Rite Aid Sells for $7.1 Million

B3 Black Mountain LLC of San Diego has acquired a Rancho Penasquitos retail building housing a Rite Aid drugstore for approximately $7.1 million, according to CoStar Group and public data.

Youngevity Likes Its Coffee ‘Green’

Chula Vista-based Youngevity International Inc.’s wholly owned subsidiary, CLR Roasters, has procured several contracts for its strictly high-grown washed Arabica coffee, totaling $3 million dollars for its recently launched green coffee distribution division, the parent company said.

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Shed Some 'Paper Weight' at Document Shredding Event

Folks who get off on breaking records certified by Guinness may want to attend what’s billed as a Super Shred Event sponsored by San Diego County Credit Union.

La Jolla Pharmaceutical Announces Proposed Common Stock Offering

La Jolla Pharmaceutical Co., a developer of therapeutics targeting unmet life-threatening diseases, intends to sell shares of common stock in an underwritten offering pursuant to its existing shelf registration statement, the company announced.

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New Anti-SeaWorld Ad at Airport Targets Comic-Con Visitors

Animal-rights group PETA and the parent of SeaWorld San Diego are again squaring off over a controversial advertisement at San Diego International Airport, this one timed to coincide with the start of Comic-Con International.

Marletta Intends to Step Down as President, CEO of The Scripps Research Institute

The Scripps Research Institute CEO and President Michael Marletta intends to step down, according to the organization’s board of trustees.

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Dansky Named CEO at Agena Bioscience

San Diego-based Agena Bioscience, Inc. said that Peter Dansky has joined the company as its chief executive officer and as a member of the board of directors.

EdgeWave Closes $6M Series A Equity Funding From TVC Capital

EdgeWave, a San Diego-based cybersecurity firm, has closed $6 million in Series A equity funding from TVC Capital, EdgeWave said.

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Sanchez Named CIO at AMN Healthcare

AMN Healthcare Services Inc. has promoted Jeanette Sanchez to chief information officer, the company announced.

Former Qualcomm Exec Joins Board of Brain Corp.

Steve Altman, the former president and vice chairman of Qualcomm Inc. who led the creation of that company’s technology licensing strategy, has joined the board of Brain Corp.

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Peregrine and RFMD Settle Litigation

Peregrine Semiconductor Corp., a San Diego maker of radio frequency computer chips, said it’s settled all outstanding claims with RF Micro Devices Inc. of North Carolina relating to lawsuits it filed against RFMD in 2012 and 2013.

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Chargers Invite Fans to First of 10 Open Practices on July 24

The San Diego Chargers host opening day of their 2014 training camp Thursday, July 24 at Charger Park in Kearny Mesa, starting at 9:30 a.m., marking the first of 10 practices open to the public.

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El Cajon Industrial Property Sells for $5.7 Million

Propco LP of Solana Beach has purchased a 70,713-square foot industrial park in El Cajon for approximately $5.7 million, according to brokerage company Cassidy Turley.