San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

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Task Force to Press Ahead on Stadium Search Despite Chargers New Proposal

Mayor Kevin Faulconer and his newly appointed stadium advisory group are continuing efforts toward keeping the San Diego Chargers in the city, despite a joint proposal announced by the Chargers and Oakland Raiders to build a new $1.7 billion football stadium near Los Angeles.

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Downtown Hotel Palomar Getting $5 Million Renovation

Kimpton Hotels & Restaurants has begun a $5 million renovation of downtown’s Hotel Palomar San Diego, with 50 of its rooms on five floors being reconfigured and rebranded under a concept called Skyline Collection.

The Business Calendar for the Week of February 23, 2015

Some of the business events planned in the county for the week of February 23, 2015.

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URBN Coal Fired Pizza Restaurant to Open Next Month in Encinitas

San Diego-based URBN Restaurants, led by longtime restaurateur Jon Mangini, plans to debut its fourth pizza-oriented concept restaurant in March. Operators said URBN Coal Fired Pizza will open at 764 S. Coast Highway 101 in Encinitas.

Poway-Based Cohu Posts Q4 Net Income of $374,000

Cohu Inc., the Poway maker of test equipment for semiconductor manufacturers, reported net income of $374,000 on net sales of $96.2 million for its fourth quarter, which ended on Dec. 27. In the same quarter one year ago, the company reported a net loss of $6.5 million on net sales of $61.1 million.

Sempra Energy's Board Approves 6 Percent Increase in Dividend

Sempra Energy announced that its board of directors has approved a 6-percent increase in the dividend on shares of the company’s common stock to $2.80 per share, on an annualized basis, from $2.64 per share.

New Global Headquarters More Than Doubles Lytx's Space

Lytx Inc., a provider of video-based driver safety technology, celebrated a grand opening at its new global headquarters in San Diego at 9785 Towne Centre Drive in UTC.

BuyAutoParts.com Name Crisan to CIO Post

BuyAutoParts.com, an e-commerce and wholesale auto parts distribution company, announced that Adrian Crisan has been appointed chief information officer.

Lytx Moves to New San Diego Headquarters

Lytx Inc., a provider of video-based driver safety technology, celebrated a grand opening at its new global headquarters in San Diego at 9785 Towne Centre Drive in UTC.

Incubator EvoNexus Sets Feb. 28 Deadline for Applications

EvoNexus, the pro bono business incubator with spaces in San Diego and Irvine, has set Feb. 28 as the application deadline for its spring term.

Sempra Energy Increases Dividend 6 Percent

Sempra Energy announced that its board of directors has approved a 6-percent increase in the dividend on shares of the company’s common stock to $2.80 per share, on an annualized basis, from $2.64 per share.

Cohu Inc. Reports Fourth-Quarter Net Income of $374,000

Cohu Inc., the Poway maker of test equipment for semiconductor manufacturers, reported net income of $374,000 on net sales of $96.2 million for its fourth quarter, which ended on Dec. 27. In the same quarter one year ago, the company reported a net loss of $6.5 million on net sales of $61.1 million.

Memorial Service Set for Real Estate Veteran Bruce Sanders

San Diego County commercial real estate veteran Bruce Sanders, 66, died Feb. 4, according to his family and friends. Sanders was a senior vice president in Voit’s San Diego office for over 11 years.

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URBN Restaurants Opening Fourth Pizza Eatery in Encinitas

San Diego-based URBN Restaurants, led by longtime restaurateur Jon Mangini, plans to debut its fourth pizza-oriented concept restaurant in March. Operators said URBN Coal Fired Pizza will open at 764 S. Coast Highway 101 in Encinitas.

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$5 Million Renovation Underway at Downtown’s Hotel Palomar

Kimpton Hotels & Restaurants has begun a $5 million renovation of downtown’s Hotel Palomar San Diego, with 50 of its rooms on five floors being reconfigured and rebranded under a concept called Skyline Collection.

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Efforts to Keep Chargers Proceed Despite Carson Stadium Proposal

Mayor Kevin Faulconer and his newly appointed stadium advisory group are continuing efforts toward keeping the San Diego Chargers in the city, despite a joint proposal announced by the Chargers and Oakland Raiders to build a new $1.7 billion football stadium near Los Angeles.

Business Calendar for Week of February 23, 2015

Some of the business events planned in the county for the week of February 23, 2015, and beyond.

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AMN Healthcare Reports Q4 Net Income of $10 Million

The San Diego-based staffing company AMN Healthcare Services Inc. reported fourth-quarter net income of $10 million and net income per diluted share of $0.20. As a result, its stock increased nearly 14 percent to $22.96 per share.

Supreme Court Case Could Dismantle Health Care Law

Health Care Column

A looming Supreme Court case has put pressure on Congressional Republicans to design a new plan to replace President Obama’s signature health care law. But rather than develop new solutions, lawmakers seem to be producing more of the same. Out with the old, and… well, back in with the old.

Novatel Wireless Posts Q4 Net Loss of $4.4 Million

Novatel Wireless Inc. — the Sorrento Mesa-based maker of wireless devices that is seeking to right its ship — posted a net loss of $4.4 million on revenue of $55.4 million for the last quarter of 2014. The business cut its losses dramatically compared to the same quarter one year ago, when the business turned in a net loss of $21.3 million on revenue of $65.3 million.