San Diego Business Journal


Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...

Navy Deal Worth $9.1M for Pacific Ship Repair

The U.S. Navy announced on July 1 that it awarded a $9.1 million contract modification to San Diego-based Pacific Ship Repair and Fabrication Inc. for work on a destroyer in Everett, Wash.

Pulse Receives Notice of Noncompliance From NYSE

Pulse Electronics Corp., a San Diego-based maker of electronic components, said it has been notified by the New York Stock Exchange that it is not in compliance with the exchange’s minimum listing requirements covering market capitalization.

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City Gives Back to Brewers to Encourage Growth

Beverage: Move Indicative of Competition to Lure Successful Operations

San Diego City Council recently granted $300,000 in development fee reimbursements for expansions underway at Ballast Point Brewing & Sprits and AleSmith Brewing Co., and experts say other communities could eventually deploy similar strategies to attract operators in the fast-growing craft beer industry.

Acquisition of Seragon Could Bring $1.7B

PHARMA: Co. Is Working On Breast Cancer Treatment

Seragon Pharmaceuticals Inc., a privately held San Diego-based drug developer targeting breast cancer treatment, agreed to be acquired by Genentech, a subsidiary of the Roche Group AG, for $725 million in cash plus future payments that could reach $1 billion if specific milestones are reached, the companies announced.

Operations at West Coast Ports to Continue Despite Contract Expiration

Operations at the Port of San Diego and 28 other West Coast ports were set to continue after a labor contract covering dock workers expired at 5 p.m. July 1.

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EDF Enters Power Purchase Agreement for Kansas Wind Project

San Diego-based EDF Renewable Energy said the company has entered into a 20-year power purchase agreement with Great Plains Energy

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Feldmann Takes the Reins at Cubic Corp.

Bradley Feldmann took over as CEO of Cubic Corp. on July 1 in a planned management transition.

Sungear Acquired by Pittsburgh Company

Sungear Inc., a San Diego manufacturer of precision gear components for the aerospace industry, has been acquired by Pittsburgh, Pa.-based H-D Advanced Manufacturing Corp., the buyer said.

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Baja Driver’s License Work Could Be Worth $1M for ImageWare

ImageWare Systems Inc., the San Diego-maker of identity management software, was selected to implement a multimodal biometric driver license system for the state of Baja California, Mexico, the company announced.

SDG&E Sees Conservation as Key to Meeting Peak Energy Demand

San Diego Gas & Electric said it is prepared to meet this summer’s energy demands but there may be days when it will need help from customers.

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Cubic's Training Capabilities Pay Off With 2 Defense Contracts

Cubic Corp. has two new defense contracts in hand.

WD-40 Declares Quarterly Dividend

San Diego-based WD-40 Co. said its board of directors declared its regular quarterly dividend June 24, 2014 of 34 cents per share, payable July 31, 2014 to stockholders of record at the close of business on July 11, 2014.

Foreign Investment Responsible for 50,000 Jobs in Region

Nearly 50,000 San Diego jobs were directly connected to foreign investment in 2011, or nearly double the number of jobs connected to foreign investment 20 years ago, according to a report from the Bookings Institution.

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EDF to Sell CID Solar Project

San Diego-based EDF Renewable Energy agreed to sell the CID Solar Project to Dominion Exploration & Production.

San Diego Manufacturers Search for Ways to Compete With Asia

Manufacturing: Region Has Advantage With Access to Labor in Mexico

As the economy recovers from the recession, manufacturers in San Diego County are looking for ways to better compete with their counterparts in Asia, who have lower labor costs.