San Diego Business Journal

SD FINANCE

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

SmartDrive Systems Raises $50 Million in Venture Funding

SmartDrive Systems said on March 30 that it raised $50 million of additional venture funding.

By Brad Graves March 31, 2015 3:08 p.m.   Share

Turtle Beach Raises $6.2M in Stock Offerings

Video game headset maker Turtle Beach Corp. on Feb. 5 said it sold $6.7 million worth of shares this week, using the proceeds to shore up its working capital line of credit.

Aethlon Medical Reports Q3 Results

Aethlon Medical Inc., a company that makes a blood-filtering device to treat infectious disease and cancer, reported financial results for its fiscal 2016 third quarter.

S.D. Economy Showing Modest Growth, Index Finds

An index tracking San Diego’s economic health rose in November and December, marking three consecutive months of modest growth after a gloomy summer.

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Many Children’s Wishes Will Come True Thanks to Couple

Make-A-Wish San Diego recently created an exclusive President’s Circle to help make every wish come true for San Diego children diagnosed with a life-threatening illness. Currently, one in three medically eligible children in San Diego has not been granted a wish.

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Pay Parity

New State Law Broadens Efforts to Narrow Gender Wage Gap

Women still make less than men in a majority of industries (79 cents on the dollar by most accounts) despite state and federal laws aimed at narrowing the gender pay gap.

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SEC Takes Aim at Products and People

FINANCE: Risky ETFs, Past Conduct of Advisors on Radar

The Securities and Exchange Commission’s division tasked with keeping watch over the nation’s investment advisors and broker-dealers is paying closer attention to the marketing of popular investment products and plans to track which firms hire employees with a history of misconduct.

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Construction Management Firm Cumming Acquires London Company

Cumming Corp., a San Diego-headquartered construction project management firm with offices worldwide, announced Feb. 1 that it is acquiring and merging with London-based consulting firm GB Fitzsimon. Financial details were not disclosed.

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Developer Gets $65M in Refinancing for San Diego Retail Center

San Diego-based developer Coast Income Properties has obtained $65 million in refinancing for its Village at Pacific Highlands Ranch retail center near Carmel Valley, according to brokerage company CBRE Group Inc., which arranged the loan.

BofI Holding Inc. Reports Q2 Net Income of $28.1 Million

BofI Holding, Inc., parent company of BofI Federal Bank, reported net income of $28.1 million for the fiscal quarter ending Dec. 31, up 45 percent from the year before.

Guild Mortgage Reports Loan Volume of $13.8 Billion for 2015

Guild Mortgage Co. on Wednesday reported record loan volume of $13.8 billion for 2015, almost double the $7.4 billion from the year before and exceeding internal expectations by nearly $2 billion.

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Clean Energy Future Has Quantifiable Benefits

With a unanimous San Diego City Council vote in December to adopt the San Diego Climate Action Plan (CAP), San Diego became the largest metropolitan area in the U.S. to adopt an aggressive target of 100 percent renewable energy within 20 years. This positions the city as a forward-thinking leader in climate policy both nationally and globally.

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Grant to Museum Will Plant the Seeds of Learning in Kids

The New Children’s Museum announced that it has received $30,000 from longtime supporter San Diego Gas & Electric for two key efforts: $15,000 for the Museum’s Garden Project in the Children’s Park and $15,000 for Salute our Troops military efforts.

Mr. Kashyap Goes to Washington After Fruitful Qualcomm Stint

The head of Qualcomm Inc.’s venture capital arm, Nagraj Kashyap, has left to join Microsoft Corp., the big Washington software company confirmed.

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LoanHero Is Planning to Expand Its Platform Nationwide

FINANCE: Partnering With Retailers Avoids Major Marketing Costs

LoanHero, one of the latest members in San Diego’s burgeoning alternative lending community, closed a $2.5 million seed funding round last month, bringing its fundraising total so far to $4.2 million.

Qualcomm Looking To Get Strength Back

TECH: Co. ‘Executing,’ But Q2 Outlook Is Weak

Wireless technology specialist Qualcomm Inc. seemed to be its old self — under promising and over delivering — when it reported earnings for its recently ended first quarter on Jan. 27. Guidance for the current quarter, however, disappointed Wall Street and shares slumped after hours.