San Diego Business Journal

SD FINANCE

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

Callaway Golf Announces Dividend; Shareholders Approve Slate of Directors

Carlsbad-based Callaway Golf Co. announced a 1 cent per share dividend, payable June 15 to shareholders of record on May 25.

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Efforts Help Cancer Patients Get Lifesaving Lifts to Treatment

Jewish Family Service of San Diego has been awarded a $5,000 grant from the San Diego Professionals Against Cancer, a group of volunteers dedicated to raising money to support local nonprofits fighting cancer. The money will be used to support breast cancer patients.

Silvergate Bank Reports Q1 Net Income of $1.9 Million

La Jolla-based Silvergate Bank reported that its net income had increased to $1.9 million in the first quarter.

Tourism Authority Cites Competition, Urges Continued TMD Funding

Tourism leaders continued to warn against proposed ballot measures aimed at redirecting tourism marketing funds toward a potential downtown hybrid stadium with convention space, at the annual meeting of the San Diego Tourism Authority.

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Event Raises Money, Awareness on Latest Breast Cancer Therapies

More than 300 guests were in attendance at Susan G. Komen San Diego’s “Screens, Genes & The Choices We Make: A Conversation on Research, Treatment and Lifestyle’’ annual dinner symposium.

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Paying The Price

Low Vacancy Rates and High Demand Are Pushing Apartment Rents Higher, And the Trend May Continue

Arecent report on rising rents, by the Lusk Center for Real Estate at the University of Southern California, painted a clear good news/bad news picture of San Diego County’s apartment property market so far in 2016.

Illumina's Revenue Fails to Match Forecasts for Q1

San Diego’s Illumina Inc. reported quarterly earnings May 3, falling short of analyst expectations and further slipping the company’s stock.

Mitek Systems Inc. Reports Q2 Revenue of $8.5 Million

Kearny Mesa-based Mitek Systems Inc. reported net income of $600,000, or 2 cents per diluted share, on revenue of $8.5 million in its second quarter of fiscal 2016, which ended March 31.

Indus Navy Deal Could Be Worth $2.92M to Contractors

Indus Technology Inc. said on May 3 that it is leading a team that received a U.S. Navy contract that could we worth up to $2.92 million over five years, if the Navy exercises all of its options.

Dexcom Inc. Acquires European Distribution Partner Nintamed

Dexcom Inc., one of San Diego’s biggest public medical technology firms, announced May 2 that it will acquire Nintamed, a distribution partner with presence in Germany, Switzerland and Austria.

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Petherbridge Named President and CEO of Excel Trust

San Diego-headquartered Excel Trust has appointed Luke J. Petherbridge as chief executive officer and president.

Slight Increase Boosts a Strong Local Economic Index

The University of San Diego’s economic index rose 0.4 percent in March to a level not seen since the exuberant days of 2005-2007.

Biocept Inc. Prices Common Stock Offering

San Diego-based Biocept Inc. is hoping to raise $5 million in an offering of its common stock, the company announced April 29.

Finistere Ventures, International Farming Corp. Launch Willow Hill Ventures

An agricultural technology and life sciences venture capital investor, Finistere Ventures, LLC, partnered with International Farming Corp., an institutional farmland owner in North Carolina, to launch Willow Hill Ventures.

ROIC Posts Increase in Revenue for First Quarter

Total first-quarter revenue at Retail Opportunity Investments Corp. (ROIC) rose 6.3 percent over the year-ago period, topping $42.6 million, the San Diego-based company reported.