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Encore Capital Group, the largest buyer of defaulted credit card debt, said third-quarter revenues were up 5 percent to $288 million, but the company recorded a net loss of $11 million stemming from its $52 million settlement in September with federal regulators for allegedly deceptive tactics.
Escondido Charitable Foundation, an affiliate of The San Diego Foundation, announced it awarded $167,860 to eight nonprofits that promote the natural resources and open spaces of Escondido.
GIVING: Athletics Get Crowdfunding Assist From Teambank.org
A local company, Teambank.org, wants to eliminate some of the financial obstacles sports teams face by giving them a method to fund themselves online.
M&A: Investment Bank Isn’t Content to Leave It to Lawyers
RA Capital Advisors partner Joel Reed thinks plenty of companies are leaving millions at the negotiation table when finalizing acquisitions. These buyers and sellers have lawyers there to work out last details, but they don’t have investment advisors in the room, he said.
ECONOMY: Nonprofits Help Service Members Find Their Fit in the Workforce
Employment prospects for post-9/11 veterans were grim just a few years ago. About 15 percent were out of work in early 2011, compared with roughly 9 percent of the general population.
Cincinnati-based Dinsmore & Shohl LLP, with 20 offices across the country, is expanding to San Diego by merging with local firm Leventhal Law, Dinsmore said Monday.
Irvine-based CommerceWest Bank, which has a branch in San Marcos, reported pre-tax earnings of $1.8 million in the quarter ending Sept. 30, up from $1.3 million the year before.
CDC Small Business Finance, one of the country’s largest Small Business Administration lenders, said Monday it has hired Allison Kelly to fill the new position of senior vice president of strategy and innovation.
Comerica Bank’s California Economic Activity Index declined in August, decreasing 1.2 percentage points to a level of 119.6.
San Diego-based BofI Holding, Inc., parent company of BofI Federal Bank, reported net income of $25.5 million for the first fiscal quarter ending Sept. 30. That was a 42.9 percent increase over the net income of $17.8 million for the same quarter in 2014.
Americans are known for their philanthropic spirit, and corporations are no exception. Hospitals, libraries, colleges – our nation itself – have benefited from selfless donations in the spirit of our collective quest to help others.
ECONOMY: Startups Find Good Guides In Accelerators, Incubators
In a global world with increasingly complex problems, it’s not a surprise that a successful startup no longer consists of one person armed with one idea. “Nobody innovates on their own,” said startup guru Greg McKee, CEO of San Diego’s longest-running business accelerator CONNECT. “The concept of the solo inventor working out of his garage is the myth of invention.”
Alternative lender Dealstruck on Wednesday said it had racked up more than $100 million worth of loans to business customers since its founding in October 2013.
San Diego-based Retail Opportunity Investments Corp., also known as ROIC, reported total revenue of $50.1 million in its third quarter ending Sept. 30, an increase of 22.5 percent from the year-ago period.
Realty Income Corp. saw revenue rise 9.8 percent from a year ago in its third quarter ending Sept. 30, reaching $258.9 million, the San Diego-based real estate investment trust reported.