SD FINANCE

Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...

Nonprofit LISC Looks to Give Little Saigon Chance to Develop

FINANCE: Banks Back Efforts; Infrastructure and Housing Part of the PlansMany years into the future, when out-of-town visitors decide they want to grab a great bowl of pho, they may head en masse to San Diego’s Little Saigon district — just as today’s tourists go to Little Italy for pasta.

Monterey Financial Holdings, LLC, Appoints New CEO

Chris Hughes, who recently served as president and CEO, will assume the role of Executive Director.

Mitek’s Activist Investor Pushes for Exemption from 'Poison Pill'

Elliott Management Corp., the activist investor whose portfolio company is trying to acquire Mitek Systems Inc., urged Mitek to lift a measure that could prevent a hostile takeover.

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Carlsbad Logistics Startup Takes Off with $20M Funding Round

Airspace Technologies, a Carlsbad logistics startup, closed a $20M series B round.

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San Diego VCs Hit the Road in Investment Show

Four San Diego investors launched their own reality TV show, "VCs in a Van," showing how startup investments take place offstage.

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LRAD Makes $3.2M Sale

Rancho Bernardo-based LRAD Corp. said it received a $3.2 million order from the National Guard for an undisclosed number of 100X MAG-HS kits, one of its high-decibel sound systems able to send intelligible communications over very long distances.

Certona Eyes Adjacent Markets, International Expansion

Years of steady growth carried Certona from its beginnings as a tech startup in small warehouse space to one of San Diego’s top software companies.

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The Missed Opportunities From A Lack of Diversity Are Costly

Leaders of San Diego startup and investment organizations shared what they are working on to advance representation through their work, and what opportunities they see in San Diego. They shared their thoughts during a Nov. 13 panel discussion hosted at Connect’s offices downtown.

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Benefit Attendees Applaud, Assist Scripps’ Lifesaving Role

More than 300 people attended the third annual benefit concert for Scripps Memorial Hospital Encinitas recently at the Belly Up Tavern in Solana Beach.

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Co. Catches the Fish, Then Tries to Hook Customers

FISHING: Awarded Grant To Promote Consumption Of Wider Selection of Fish

One fish, two fish .... The Dr. Seuss storybook title pretty much sums up how Dave Rudie came across his latest fish discovery: opah.

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Cubic’s Annual Sales Climb to $1.2B

Cubic Corp. closed out its 2018 fiscal year reporting annual net income of $12.3 million on record net sales of $1.2 billion. It said it expects sales to grow in fiscal 2019.

Cos. See How Their Ideas Play Out in ‘The Sandbox’

San Diego investor Shayne Skaff has launched a new incubator for software and data science companies. Dubbed, “the Sandbox,” the program is aimed exclusively at software-as-a-service companies, machine learning, and other data-heavy applications.

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San Diego Defense Sector Benefits From New F-35 Order

San Diego County stands to get approximately $450 million worth of work from the Pentagon’s latest order for F-35 Lightning II aircraft, also known as the Joint Strike Fighter. The main beneficiary is Northrop Grumman.

S.D. Student-Run Fund Buys $1M in Equity From Applied Biosciences

An investment fund created by three San Diego college students invested $1 million into a Los Angeles cannabinoid therapeutics company.

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Executive Q & A: For Classy, First Billion Is Just a Good Start

Classy, a San Diego-based fundraising platform for nonprofits, recently crossed the $1 billion mark in funds raised — a major milestone for the company.

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Petco Foundation Announces $2.5M to Support Veterans

The Helping Heroes annual campaign will help cover training and placement of former shelter dogs with veterans with physical and emotional disabilities like post-traumatic stress disorder (PTSD).

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