SD FINANCE
Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...Acadia Plans $150M Secondary Stock Offering
Acadia Pharmaceuticals Inc. announced it plans to raise $150 million in a secondary public offering of its common stock, though it didn’t indicate how it might use the proceeds.
Leucadia National Boosts Stake in HomeFed Corp. in Cash-Stock Deal
New York City-based Leucadia National Corp. will increase its stake in investment and development firm HomeFed Corp., under terms of an agreement in which the Carlsbad-headquartered HomeFed will receive $18.4 million in cash, along with certain real estate holdings of Leucadia.
Venture Management Fund Bright Light Management Launches
Bright Light Management, a San Diego venture management fund, aimed at helping early-stage companies, recently announced its launch.
With Some Big Help From Elephant, the Police Get Their Dog
Kudos/Giving Column
Underground Elephant is funding the adoption of a police K-9 for the San Diego Police Foundation and the San Diego Police Department in honor of their service to the community. In addition to the police canine, adoption costs will cover the canine’s food, veterinary care and training equipment.
Employers and Insurers Welcome ACA Implementation Delay
INSURANCE: Mandate Extended Until 2016 for Medium-Size Businesses
The recent decision by the Obama administration to delay some requirements of the Affordable Care Act is giving local employers more time to comply with rules that will require them to provide affordable health insurance to employees.
Market Gains
INSURANCE: Insurers Find Acquisition Is a Good Growth Strategy
The recent acquisition of longtime San Diego insurance brokerage Barney & Barney LLC by Marsh & McLennan Agency LLC is part of an industry trend, as large insurers increase their outreach by taking over regional companies.
Businessman Battles Insurance Cos. on Behalf of Elderly Aunt
INSURANCE: Video and Social Media Used to Make Case for Prompt Payments
Using the Internet and social media to publicize his struggle to end a protracted lawsuit, a San Diego businessman helped speed the payment of a nearly $2.2 million judgment for his elderly aunt who was severely injured in a 2011 auto accident.
Halozyme Reports Q4, 2013 Results
Halozyme Therapeutics Inc. posted significantly greater losses in fourth quarter of 2013 than analysts projected.
Loans on Escondido Apartments Get $37.5 Million Refinancing
Maryland-based Walker & Dunlop Inc. has provided approximately $37.5 million in loan refinancing for Latitude 33 Apartments, a new 198-unit multifamily community in Escondido developed by Lyon Communities of Newport Beach.
Encore Capital Taking Controlling Interest in 2 International Companies
Encore Capital Group Inc., a specialty finance company, has taken a controlling stake in a Latin American company and has agreed to do the same with one in the U.K.
Thesan Pharmaceuticals Closes $49 Million Financing Round
Carlsbad-based Thesan Pharmaceuticals Inc. closed a $49 million Series B financing round.
Neurocrine Biosciences Proposes Common Stock Offering of 7 Million Shares
Neurocrine Biosciences Inc. has proposed an offering of 7 million shares of its common stock.
Cubic’s Stock Ticker Symbol Gets an ‘LF’ Added to It, for Now
Cubic Corp. said on Feb. 25 that the New York Stock Exchange is changing the company’s ticker symbol to indicate it will be late in filing its financial statement from the quarter ended Dec. 31.
Sempra Increases Annual Dividend 4.8%
Sempra Energy, the San Diego holding company for San Diego Gas & Electric and other subsidiaries, said its board of directors approved a 4.8 percent increase in the annual dividend it pays to shareholders to $2.64 per share from the prior dividend of $2.52 per share.
