San Diego Business Journal


Struggling Garden Fresh to Sell Assets to N.Y. Investment Firm

San Diego-based Garden Fresh Restaurant Corp., which operates more than 100 Souplantation and Sweet Tomatoes restaurants in 11 states, is selling the company's assets to affiliates of New York-based private investment firm Cerberus Capital Management L.P. and its partners.

WD-40 Shares Slide on Weak First-Quarter Earnings

Shares of San Diego-based WD-40 Co. fell more than 10 percent Tuesday after the company’s first-quarter earnings, released Monday, fell short of expectations.

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Tom McCarty Named CMO at Bridgepoint Education

Bridgepoint Education Inc. has appointed a new senior vice president, Tom McCarty, to serve as chief marketing officer.

Teamsters to Strike All UC Facilities Jan. 10

A plan by the Teamsters union to conduct a one-day labor strike Jan. 10 by clerical workers across the University of California system has been met with recrimination by UC San Diego Health, which said it plans to keep its facilities open during what it called a potentially illegal job action.

Mirati Therapeutics Announces Pricing of Public Offering

San Diego-based Mirati Therapeutics Inc. said Jan. 6 that it priced its initial public offering at $5.60 per share, raising up to $65 million before underwriting and related expenses. The offering is expected to close Jan. 11.

In This Ranking, Qualcomm Places 4th

The scientists and attorneys at Qualcomm Inc. have been busy.

Two Indexes Show Region's Economic Health

A local economic index jumped in November by its biggest margin in more than half a year, owing to improvement in the areas of consumer confidence, residential permitting activity and initial claims for unemployment.

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Sharp's Chief Medical Officer Appointed to HQI Board

Sharp Chula Vista Medical Center’s chief medical officer has been appointed to a board that helps a number of state and regional groups improve industry performance and foster innovation.

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Illumina, IBM to Deploy Watson to Take on Cancer Treatments

Illumina Inc. kicked off the J.P. Morgan Healthcare Conference with a bang Monday morning when the company announced a partnership with IBM Watson that could revolutionize cancer care.

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Mast Therapeutics Merges With Austin-Based Biotech

Following a major clinical trial flop, San Diego’s public biotech Mast Therapeutics Inc. will merge with Austin, Texas-based Savara Inc.

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7 Things to Know About GRAIL’s Spinout from Illumina

Illumina Inc.’s much-touted cancer test venture, GRAIL, is spinning out from its San Diego-based parent and raising $1 billion to develop its technology.

Cohu Filing Could Put Big Bucks in Co.'s Hands

A recent securities filing shows Cohu Inc. is keeping its options open, and might want to raise more funds to finance future business opportunities.

Versant Ventures Announces Leader for New Fund's Investments in San Diego

Versant Ventures, a global health care investment firm, announced it has appointed Clare Ozawa to lead investments in San Diego and in the Bay Area in preparation for the launch of its new $400 million fund.

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Knight Time: Legoland Begins Construction on Castle-Themed Hotel

Legoland California Resort has scheduled a Jan. 18 groundbreaking for its planned new castle-themed hotel, which will be the second on-site hotel at the Carlsbad park.

SDG&E Makes Its Case for Ratepayers to Pick Up $379M of Wildfire Costs

Just before two public hearings on the matter, San Diego Gas & Electric Co. made its case to local news media Jan. 6 why it wants ratepayers to pay 90 percent of the remaining $421 million in unrecovered costs from three devastating 2007 wildfires CalFire officials have blamed on the utility’s power lines.

Business Calendar for Week of January 9, 2017

Some of the business events scheduled in the county for the week of January 9, 2017, and beyond.

Your Golden Ticket for Networking

The San Diego Business Journal’s annual Book of Lists party is on and you are invited.

CUSO, Sorrento's New App Part of Cos.' Push to Expand Tech Options for Clients

San Diego sister broker-dealers CUSO Financial Services LP and Sorrento Pacific Financial LLC have launched a new mobile application for use by the companies’ investment clients.

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Silvergate Hires Former Head of San Diego Private Bank to Run Lending Group

Maria P. Kunac, the former CEO of San Diego Private Bank, has been tapped by Silvergate Bank to run its biggest lending unit.

Innovation Fund Makes $500,000 Investment in AristaMD

San Diego digital health company AristaMD has received a $500,000 investment from the Philadelphia College of Osteopathic Medicine’s Primary Care Innovation Fund.