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ServiceNow Inc., the San Diego provider of information technology services through cloud systems, reported a first quarter net loss of $13.4 million, compared with a net loss of $5.6 million for the like quarter of 2012.
BofI Holding Inc., the San Diego-based parent of BofI Federal Bank, said it recently launched a healthcare finance unit that will focus on financing solutions to lower and middle market healthcare providers with needs ranging from $1 million to $30 million.
San Diego-based Ocera Therapeutics Inc. announced it will merge with Research Triangle Park, N.C.-based Tranzyme Pharma in an all-stock transaction. Ocera, currently privately held, will go public after the merger.
Pacific Premier Bancorp Inc., the Irvine-based holding company for Pacific Premier Bank, said it received approvals for the acquisition of San Diego Trust Bank from the Federal Reserve Bank of San Francisco and the California Department of Financial Institutions.
San Diego medical device manufacturer NuVasive Inc. is opening a new office in Tokyo to strengthen its sales in Asia.
San Diego-based Sense4Baby Inc. announced it has received $4 million in funding from the West Health Investment Fund.
K2 Insurance Services LLC, a San Diego business that was formed in 2011 to acquire and manage general insurance agencies and specialty underwriters, said it recently acquired Aegis Security Inc. of Pennsylvania.
Mortgage Master, a Massachusetts-based mortgage bank, said it plans to expand its current La Jolla office.
The East County Economic Development Council has received a $50,000 grant from The San Diego Foundation to develop an aerotropolis strategic roadmap for the area surrounding Gillespie Field airport in El Cajon.
Kyocera Solar, which opened a panel manufacturing line in San Diego to much fanfare in early 2010, said it’s cutting 108 people because of declining demand for domestically-made solar panels.
SeaWorld Entertainment Inc., which operates a big division here, made a nice splash on Wall Street when its initial public offering jumped 24 percent to $33.52, giving the company a market capitalization of about $3 billion.
A $186.5 million loan backing the Park Hyatt Aviara in Carlsbad has been placed back in special servicing because of a payment default by the borrower.
San Diego’s unemployment rate in March dropped to 7.7 percent down from a revised 8 percent in February, and the lowest it’s been since December 2008, according to the state’s Employment Development Department.
U.S. Bank locations in Scripps Ranch and Emerald Hills are among eight Southern California bank branches that will get solar panel installations from SolarCity, the two businesses announced.
FINANCE: Home Flippers Flock To Lenders for ‘Easier’ Money
Hard money or private financing companies that make loans that banks would never touch are busier than ever these days.