San Diego Business Journal


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

Biotech Stocks Shake Off Doom and Gloom for a Solid Gain

INVESTMENT: The Nasdaq Biotech Index Is Up 10% in Q3The third quarter proved less grim for the life science industry, with investors finally showing some confidence in drugmakers and other public firms in the space.

By Brittany Meiling October 13, 2016 4:02 p.m.   $$ Share

County Unemployment Rate Down to 4.7 Percent for September

San Diego County’s unemployment rate improved again in September, dipping to a seasonally unadjusted 4.7 percent from 5 in August, amid overall improvement in services and government employment.

In 12-Month Period California Adds 30,900 Construction Jobs

California led the way for U.S. states in adding construction jobs in the 12 months that ended in September, according to analysis of Labor Department data released by the Associated General Contractors of America.

Seacoast Commerce Assets Increase to $578.9 Million

Third-quarter income at Seacoast Commerce Banc Holdings was just shy of $1.5 million in the third quarter, virtually unchanged compared to the same quarter of 2015, Seacoast Commerce Bank’s parent company said Thursday.

Minimum-Wage Hike Remains Concern in Monthly S.D. Chamber Survey

Despite looming minimum-wage increases, relatively few San Diego County businesses see a benefit in cutting their employees’ work weeks to 30 hours, according to a recent survey.

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It’s Better to Both Give and Receive on DonationMatch

GIVING: Platform Helps Cos. Direct Donations to The Desired Causes, Locales

An airline wants to give away a travel package to benefit a local charity. A fundraising group is holding its annual gala and looking for companies to contribute to its silent auction.

Software Leads Pack In Q3 VC Investment

INVESTMENT: $197.9M Makes for Fairly Strong Q3

The total invested in San Diego companies by venture capitalists in the third quarter was the highest year-to-date total since 2012.

S.D. Venture Group Sets Deadline for Pitchfest Applications

Southern California startups have until 5 p.m. Friday to apply for San Diego Venture Group’s PitchFest.

Stone Brewing Co. Laying Off 5% of Workforce

Stone Brewing Co. announced Oct. 13 that it is cutting approximately 5 percent of its workforce – laying off about 60 of its 1,200 employees – as it adjusts to rising competitive pressures in the beer industry.

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Demonstration Derby for Startups

Microscope Takes Top Honors as Products And Presentations Clash at Quick Pitch

San Diego startups making better microscopes, wearables to reduce hospital-acquired infections and medical devices to ease post-partum healing were the audience favorites at the San Diego Tech Coast Angels’ 10th annual startup competition.

Measure M Offered as Part of Solution to City’s Housing Problem

ECONOMY: Lack Of Affordable Housing Brings Host of Problems

Homelessness often tracks with housing affordability in major U.S. metro markets, and experts at a recent commercial real estate forum said San Diego has a growing problem on both fronts.

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Awards Honor Those Who Change Kids’ Lives Through Literacy

Traveling Stories and title sponsor Humble Bundle Inc. hosted the inaugural Red Balloon Awards dinner and gala in conjunction with National Literacy Month held recently at the San Diego Woman’s Club.

Startup LeadCrunch Raises $500,000 Through CONNECT Program

Local software startup LeadCrunch has landed $500,000 in funding through CONNECT’s Capital Match program.

Mission Federal Credit Union Reaches Milestone: $3 Billion in Assets

Mission Federal Credit Union announced Wednesday it now manages more than $3 billion in assets.

North Carolina Co. Acquires Vista-Based Glacier Water Services for $263M

Glacier Water Services Inc., a Vista-based operator of self-service drinking water dispensers, will be acquired by a North Carolina competitor for $263 million in cash and stock, the companies announced Oct. 10.