San Diego Business Journal

SD FINANCE

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

Local Assets

From Pricing to Personal Attention, Small Firms Find Ways to Compete With National CompaniesIn the San Diego region, locally based accounting firms face challenges from international and national companies that are seeking to increase their presence here.

By Emmet Pierce July 28, 2016 3:10 p.m.   $$ Share
Tease photo

Boys and Girls Clubs Go for the Gold and Also Their Goals

The Boys and Girls Clubs of Greater San Diego announced that the annual Summer Games that were hosted at Miramar College recently featured 761 members competing in an Olympic-style competition.

Businesses Prepare for New Lease Accounting Standards

FINANCE: Reporting to Be Centralized, Numbers Must Conform Companywide

Industry observers are not yet expecting a significant impact on the decisions that corporate executives make regarding the size of their leased business space, or the length of those leases. But compliance with new nationwide lease accounting standards could pose data-management challenges for many businesses.

Tease photo

Taster's Choice

Co. Lets Customers Customize Their Juices

Craft juice startup OH! Juice has opened a new kind of tasting room, and you’ll be hard-pressed to find barrels of wine or beer on tap. Instead, how would you like to sample a blend of leafy greens? Or perhaps beets and berries are more to your liking?

Local REITs Report Strong Second-Quarter Results

Three San Diego-based real estate investment trusts – Realty Income Corp., American Assets Trust Inc. and Retail Opportunity Investments Corp. -- recently reported generally strong revenue and other financial results for their second quarter ending June 30.

Tease photo

Michael Johnson Promoted to Co-CEO at Gurtin Fixed Income Management

Gurtin Fixed Income Management LLC on Thursday announced Michael Johnson’s promotion to co-CEO.

Sequenom Acquired by LabCorp for $371 Million

San Diego’s Sequenom Inc. is being acquired by LabCorp, a giant in the diagnostics and lab testing industry, in a deal worth $371 million.

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.

County’s Unemployment Rate Inched Up to 5.1 Percent in June

The unemployment rate in San Diego County was 5.1 percent in June 2016, up from a revised 4.2 percent in May 2016, and below the year-ago estimate of 5.2 percent, according to a news release from the state Employment Development Department.

Tease photo

Gala Continues Its Winning Ways in Helping Challenged Athletes

The San Diego-based Challenged Athletes Foundation celebrated its 10th anniversary of A Celebration of Heroes, Heart and Hope Gala. More than 900 people attended the event at the Waldorf Astoria New York. During the last nine years, the New York gala has raised more than $11.2 million to help fulfill the organization’s mission. Funds raised at events have allowed CAF to raise more than $73 million in its 23-year history and satisfy more than 13,000 grant requests from physically challenged athletes in all 50 states and more than 32 countries.

Tease photo

There’s a new show in town: The Startup Show

Leaders at San Diego Startup Week have launched a web series on YouTube called “Startup Show San Diego.”

VC Focus on Local Startups, Early-Stage Cos. A Good Sign

CAPITAL: Strong Q2 Is 7th Highest in Nation

Venture capital investment in San Diego rose last quarter to $350.5 million, bolstered by the region’s largest-ever deal.

Seacoast Commerce Banc Holdings Posts Q2 Net Income of $1.78 Million

Net income for Seacoast Commerce Bank corporate parent Seacoast Commerce Banc Holdings was nearly $1.78 million in the second quarter of 2016, a 30.4 percent increase compared to the second quarter of 2015.

Region's Businesses Losing Confidence, Survey Finds

Confidence among San Diego County businesses fell in June, according to the San Diego Regional Chamber of Commerce's monthly business outlook forecast, dropping to the lowest level since the index launched nearly three years ago.

Illumina Is Seeking Candidates for Its Accelerator Program

Gene sequencing giant Illumina Inc. is calling for startups to apply to its business accelerator program for early-stage businesses in the genomics space.

AltheaDx Inc. Aims to Raise $6M in Debt Financing

San Diego molecular information firm AltheaDx Inc. has raised $2.2 million in debt financing, according to a form recently filed with the Securities and Exchange Commission.