San Diego Business Journal


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

Struggling Grocer Haggen Plans to Exit Pacific Southwest Market

Struggling grocery chain Haggen Food & Pharmacy plans to exit the Pacific Southwest market and realign its operations around 37 core stores and one stand-alone pharmacy in its original home base of the Pacific Northwest.

Millennium Health Reportedly Reaches Settlement with Government

Millennium Health, the nation’s largest drug-testing company, is finalizing plans to pay the U.S. Department of Justice $275 million to settle a probe over its billing practices and hand over control of the company to lenders in bankruptcy proceedings, Bloomberg reported Sept. 23.

Despite Conservation, Water Related Costs Are Mounting

ECONOMY: Drought Affects Several Aspects of State’s Business Climate

San Diego County residents and businesses are paying the price for state restrictions on the use of stored water reserves, said experts at a recent University of San Diego forum, even as the local region has topped most others in California when it comes to conserving water during the past two decades.

Tease photo

BioMed Shares Rise Sharply After Report of Possible Sale

San Diego’s BioMed Realty Trust Inc. was among the biggest movers on the New York Stock Exchange on Sept. 23, after a media report that the company is exploring a sale.

Bridge Bank Launches Life Sciences Group

Bridge Bank announced Wednesday the launch of a new banking group to be based in San Diego – Life Sciences Group (LSG) – which will offer customized financial solutions to companies operating in the life sciences sector.

Tease photo

Two Named to Top Leadership Positions at The Scripps Research Institute

The Scripps Research Institute in La Jolla has appointed two top scientists to address the institute’s cash and management problems, according to a recent news release.

County's Unemployment Rate Drops to 5.1% in August

San Diego’s unemployment rate dropped slightly to 5.1 percent in August, from 5.4 percent in July, as the region gained 1,700 net industry jobs.

Sequenom's Stock Is Up Following Deal Announcement

Sequenom’s stock was up almost 17 percent on Sept. 18 following the previous day's news of the diagnostic company’s deal with United Healthcare.

Business Confidence Continues Decline, Chamber Index Shows

The San Diego Regional Chamber of Commerce’s measure of business optimism fell again in August to another year-long low, with larger firms showing the steepest drops in confidence.

Local REIT Buying Six Parking Facilities for $69.6 Million

San Diego-based MVP REIT Inc. has entered into multiple purchase agreements to acquire six parking facilities in four cities for a total of approximately $69.6 million, the company announced.

Debt Collection Co. Hit With $52M in Refunds, Penalties

FINANCE: Encore Says Rules Being Made Up Via Enforcement Route

Federal regulators this month ordered San Diego-based Encore Capital, the nation’s largest buyer of delinquent debt, to pay $52 million in refunds and penalties for allegedly using deceptive tactics to collect debts they should have known were unenforceable.

Ink Co. Plans to Make Its Mark With Many Blank Pieces of Paper

GREEN: Fading Ink Gives Paper New Life Without Recycling

Carl Yee’s invention is both blue and green.

Tease photo

Human Element Is Part of New ATMs

FINANCE: Video Chat Feature Adds to Services

Roughly two years after it debuted on the East Coast, the latest wave of ATM technology has made it to San Diego. It allows big bank customers to do a lot more without seeing an in-person teller.

Tease photo

Qualcomm to Lay Off 1,314 Employees in San Diego

Qualcomm Inc. plans to lay off 1,314 members of its San Diego County staff, according to public documents released on Sept. 17.

HCAP Partners Makes Undisclosed Investment in L.A.-Based Noribachi

HCAP Partners made an undisclosed investment in Los Angeles-based LED manufacturer Noribachi, whose revenue doubled to $22 million last year, the companies said Wednesday.