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San Diego’s economy is still in the doldrums and shows little signs of regaining its former energy, says the latest report from the National University System Institute for Policy Research.
Adamis Pharmaceuticals Corp., a San Diego company developing treatments for asthma, has filed for a $25 million secondary public offering.
Jack in the Box Inc. reported net income of $22.8 million for its fiscal 2013 fourth quarter, nearly double the $12.5 million in net profit for the like quarter of fiscal 2012.
The $1 billion Carlsbad desalination project was recently named by the Bond Buyer as a Deal of the Year Finalist for the complex and innovative project financing.
Guild Mortgage Co., the San Diego mortgage bank that started here in 1960, continued opening new offices around the country, including eight in South Carolina since mid-2012.
San Diego-based CareFusion Corp. said it will acquire Vital Signs, a division of GE Healthcare, for $500 million as CareFusion moves to increase its respiratory care and anesthesiology businesses.
California Coast Credit Union signed a 10-year, $3.25 million naming rights agreement with San Diego State University for its Open Air Theatre.
Tech Coast Angels, a group of private investors with a chapter in San Diego, said it recently invested about $1 million in two local startups, SeniorQuote Insurance Services and Rock My World.
Fitch Downgraded some $82 million in San Ysidro School District general obligation bonds — series B, C, D, E and F — to BB+ from BBB+.
Silvergate Bank, based in University Towne Center and with about $600 million in assets, launched a mobile banking application that gives customers instant access to their accounts and the ability to make deposits via smartphones and wireless devices.
San Diego-based Illumina Inc.’s 13.5 percent stake in its rival Oxford Nanopore Technologies Ltd. has been sold to other investors.
The San Diego Venture Group released the names of the 10 startups that will battle for $25,000 in cash at its annual PitchFest set for Dec. 12 in La Jolla. The semifinalists were chosen from more than 90 applications.
FINANCE: Firm’s 429 Members to Vote On Proposed Merger
Ketema Federal Credit Union, one of the smallest in the county with about $1.3 million in assets, obtained preliminary approval from federal and state regulators to merge with California Coast Credit Union, San Diego’s third largest.
A group of community organizations, led by the California Reinvestment Coalition, is asking bank regulators to take a closer look and hold public hearings on PacWest Bancorp’s proposed acquisition of CapitalSource Inc., parent of CapitalSource Bank.
Walden Family Services, a nonprofit foster care and adoption agency, recently held its 10th annual Wine D’Vine Gala fundraising event, which raised nearly $300K to further the organization’s mission of providing care and support to foster children and families.