San Diego Business Journal

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

TNK Therapeutics Inc. to Acquire Scotland-Based Co. in Potential $34.4M Deal

TNK Therapeutics Inc., a subsidiary of San Diego’s Sorrento Therapeutics Inc., is acquiring Scotland-based Virttu Biologics in a stock deal worth up to $34.4 million.

By Brittany Meiling April 28, 2017 4:26 p.m. share »

San Diego County Credit Union's Assets Reach $8.1 Billion Mark in Q1

San Diego County Credit Union’s assets were up to $8.1 billion at the end the first quarter, an increase of nearly 9 percent compared to the same time last year, the financial institution reported April 26.

By Sarah de Crescenzo April 28, 2017 10:24 a.m. share »

Realty Income, ROIC Post First-Quarter Revenue Gains

Two San Diego-headquartered real estate investment trusts – Realty Income Corp. and Retail Opportunity Investments Corp. (ROIC) – recently reported strong first-quarter growth in metrics including revenue and net income.

By Lou Hirsh April 27, 2017 3:51 p.m. share »
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Survivors’ Stories Show Importance of Mercy Ball’s Mission

More than 500 supporters of Scripps Mercy Hospital recently celebrated the 45th annual Mercy Ball at the San Diego Marriott Marquis & Marina. The event raised more than $465,000 for cancer care at Scripps Mercy Hospital, which has campuses in San Diego and Chula Vista.

By Stephanie Glidden April 27, 2017 1:07 p.m. share »
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Dual-Agency Practice Has Lawmaker Attention

Industry opposition is likely to be huge, but Jason Hughes is pushing for California to go a step further when it comes to dealing with the practice of brokers representing both landlords and tenants in the same real estate deal — by banning it altogether.

April 27, 2017 12:22 p.m. share »

3 Takeaways From BofI Federal Bank’s Earnings Report

The numbers look good; CEO admonishes critics.

By Sarah de Crescenzo April 25, 2017 6:16 p.m. share »

Sale of Novatel Wireless Hits Government Snag

Inseego Corp. announced on April 24 that it has still not received U.S. government approval for its $50 million sale of its Novatel Wireless business to a Hong Kong company. San Diego-based Inseego (Nasdaq: INSG) warned that it may have to pursue other options with the business.

By Brad Graves April 24, 2017 5:25 p.m. share »
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No Matter How They Are Counted, Local VC Deals Have Slowed

How hard can it possibly be to track the venture capital raised by local companies? Apparently it’s trickier than one might think, based on a trio of reports that regularly report on such financings nationwide.

By Sarah de Crescenzo April 24, 2017 11:01 a.m. share »

Arena Pharmaceuticals Raises $79.4M in Common Stock Offering

Local drugmaker Arena Pharmaceuticals has raised $79.4 million in an offering of its common stock, the company announced April 21.

By Brittany Meiling April 21, 2017 2:50 p.m. share »

Seacoast Commerce Reports Q1 Net Income of $1.6 Million

Seacoast Commerce Banc Holdings, the parent company of Rancho Bernardo-based Seacoast Commerce Bank, reported net income of $1.6 million in the first quarter of the year, a 7.4 percent decrease compared to the same time last year when the company’s income was $1.7 million.

By Sarah de Crescenzo April 20, 2017 3:47 p.m. share »
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Grant Supports JFS’ Efforts to Give People Skills That Work

The Jewish Family Service of San Diego was awarded more than $19,600 by the Neighborhood Reinvestment Program from the San Diego County Board of Supervisors to create a special training room that will allow the agency’s Employment and Career Services department to provide job preparation and training services. The training room will be a resource for low-income San Diegans and will include new computer equipment, training materials and supplies.

By Stephanie Glidden April 20, 2017 1:37 p.m. share »

How Angel Investors Missed A Calling

San Diego has a small pool of angel investors who supply tech startups with cash, so the same few groups get inundated with cash-poor founders asking for support.

By Brittany Meiling April 20, 2017 1:01 p.m. share »
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Reducing the ‘Maybe’ From Angel Investors

San Diego is what startup people call an “angel town,” meaning tech entrepreneurs rely heavily on the city’s wealthy and willing angel investors to secure their startup capital.

By Brittany Meiling April 20, 2017 12:54 p.m. share »
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Responsible Investing A Growing Slice of Pie

Minding the bottom line for a business was once a simple matter of looking at the numbers.

By Sarah de Crescenzo April 20, 2017 12:40 p.m. share »

State Agency Approves Charter for New S.D. Bank

San Diego’s first new bank in nearly a decade has gotten the California Department of Business Oversight’s OK to organize.

By Sarah de Crescenzo April 18, 2017 5:11 p.m. share »