SD FINANCE
LevitZacks Names New CEO
Ramsauer has been a part of the LevitZacks team for 35 years..
Surf Cup Sports Said to Have $120M Economic Impact
ECONOMY: The Groups Generate $32M Annually Just for Lodging
According to a report gathered and released by San Diego Taxpayers Advocate San Diego Surf Soccer Club, generate $120 million in annual economic impact.
Acquisition Bringing Needed Resources to Before the Butcher
RETAIL: Experienced Team to Expand Products, Footprint in $12 Billion Market
Early last year, Before the Butcher Inc., a San Diego-based company that makes plant-based meat products.
Regulators Mull Cost of Capital for Sempra Units
ENERGY: SDG&E Asks for $12.38% But Given 10.2%
State utility regulators ruled last month that profit margins at San Diego Gas & Electric Co. and Southern California Gas should remain the same.
Regulatory Hurdle Too High for Illumina
TECH: Co. Scraps Planned $1.2 Billion PacBio Acquisition
San Diego’s Illumina will no longer buy Pacific Biosciences for $1.2 billion, a decision the companies mutually reached following antitrust action on both sides of the pond. Pacific Biosciences, or PacBio, had the potential to add another dimension to Illumina’s DNA-reading technology that’s the backbone of everything from ancestry tests to prenatal screening. But last month, the U.S. Federal Trade Commission moved to block the transaction, and the U.K.’s Competition and Markets Authority in October said it might do the same. $98M Breakup Fee Per a Jan. 2 announcement, Illumina will pay a $98 million break-up fee to PacBio. But PacBio must repay the money if it strikes an agreement to be acquired by Sept. 30 and consummates the deal within two years. Illumina climbed to the top of the DNA sequencing market with short-read sequencing that amplifies snippets of DNA. Pacific Biosciences, or Pac
Startup San Diego Hires New Executive Director
STARTUPS: Brings Experience From Los Angeles Market
After six months of searching to fill their leadership role, Startup San Diego hired its second executive director, Alexa-Rae Navarro.
Sempra Starts Second LNG Production Line in Louisiana
Sempra LNG announced in late December that the second train, or production line, of its Cameron LNG plant in Louisiana has begun its work of converting natural gas to a liquid state for export.
Modern Times Beer Opens Oakland Location
The House of Perpetual Refreshment, a new location by San Diego-based Modern Times Beer, has opened in Oakland.
Plumbing Company Makes Acquisition, Rebrands To Standout in Crowd
Colepepper Picks Logo That Pops; Updates Web Presence
In November, Carlsbad-based Colepepper Plumbing & Drains acquired local plumbing company, Arthur Brown Plumbing.
Blenders’ Founder Sells 70% Equity Stake In Sunglasses Co.
CEO Says Team to Remain the Same; Co. to Keep P.B. HQs
In early October, Blenders Eyewear founder Chase Fisher told San Diego Business Journal the company had grown its revenue by 300% in the last two years.
Epirium Raises $85 Million to Treat Muscle Diseases
Its Therapeutics Also Addressing Underlying Mitochondrial Dysfunction
Epirium surfaced Dec. 18 with an $85 million series A round to develop programs aimed at rare muscular disorders.
List of San Diego 500 Icons Grows This Year
LEADERSHIP: Business and Civic Leaders Made Lasting Changes
How did we get here? San Diego’s unique economy — a distinct blend of tech, military and Southern California lifestyle — was built by market forces. And some farsighted and charismatic individuals.
You & Yours Distilling Co. New Operators of Point Loma Loma Club
According to a press release, You & Yours Distilling Co. leased the Point Loma Loma Club from Pendulum Property Partners.
Lower Drug Costs Now Act Passes House; Biocom Opposes
Group Says Legislation Would Hurt California Cos.
Biocom, an association representing the life science industry, has voiced its opposition to the House legislation known as the Lower Drug Costs Now Act.
Startup San Diego Names Top Executive
Startup San Diego has named Alexa-Rae Navarro as its executive director.