San Diego Business Journal

Navy Awards Contract Worth Nearly $50M to BAE Systems

The U.S. Navy awarded BAE Systems San Diego Ship Repair a contract modification worth almost $50 million, covering maintenance work on the amphibious ship USS Comstock.

By Brad Graves July 25, 2017 1:27 p.m. share »

In Carlsbad, Nordson Finds What It Needs for Manufacturing

Dozens of empty steel cases, coated in white paint, stand chest-high at one end of Nordson Corp.’s big factory on Loker Avenue in Carlsbad. They line up like soldiers in formation.

By Brad Graves July 25, 2017 8:43 a.m. share »

Technology Gives Electric Cars Chance to Deliver Energy to Grid

Nuvve Corp. LLC has flipped the script when it comes to electric vehicles. In a conventional world, the power grid charges electric cars. Nuvve creates technology that lets electric cars supply power to the grid. It’s called “V to G,” or vehicle to grid.

By Brad Graves July 25, 2017 8:30 a.m. share »
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ASML Gives a Green Light to Cymer’s R&D, Expansion

ASML Holding NV is laying out more resources on its San Diego operation, four years after buying Rancho Bernardo-based Cymer Inc. for $3.7 billion.

By Brad Graves July 25, 2017 8:11 a.m. share »

Frank Hettmann Appointed CFO at Neology

Neology has named Frank Hettmann as its chief financial officer, the company announced on July 24. The business, based in Poway, offers electronics for the tolling, electronic vehicle registration and public safety markets.

By Brad Graves July 24, 2017 3:51 p.m. share »

Spending Power and Seagoing Sriracha: A Peek Inside San Diego’s Newest Navy Ship

The USS Gabrielle Giffords, an Independence-class littoral combat ship and one of the newest ships in the U.S. Navy, arrived in San Diego on July 5, giving the region a direct economic benefit of about $30 million per year.

By Brad Graves July 24, 2017 1:19 p.m. share »

Rincon Band Breaks Ground on $20 Million Administrative Building

The Rincon Band of Luiseño Indians said in mid-July that it broke ground on a $20 million, 43,000-square-foot tribal government administration building, which will replace the temporary buildings it has used for the last 17 years.

By Brad Graves July 23, 2017 1:04 p.m. share »

Rebranding Brings Rutledge Claims Management to Life as Licensed Public Adjuster Firm

Rutledge Claims Management Inc. is the new name for the Law Offices of Thomas W. Rutledge, APC.

By Brad Graves July 23, 2017 12:59 p.m. share »

Rincon Band Breaks Ground on $20M Administrative Building

The Rincon Band of Luiseño Indians said in mid-July that it broke ground on a $20 million, 43,000-square-foot tribal government administration building, which will replace the temporary buildings it has used for the last 17 years.

By Brad Graves July 21, 2017 1:10 p.m. share »

Money Available to Fund Two Homeless Shelters, But Sites Needed

Anonymous donors are prepared to write checks totaling up to $1.6 million to fund two temporary shelters for 500 homeless people.

By Brad Graves July 20, 2017 4:25 p.m. share »

LRAD's CFO Resigns

LRAD Corp. announced that its chief financial officer, Katherine H. McDermott, is leaving the company Aug. 10 after 10 years. In a company statement issued July 17, McDermott said she was leaving to pursue a new opportunity.

By Brad Graves July 20, 2017 2:38 p.m. share »

Qualcomm Revenues Lag Amid Apple Dispute

After warning in late April that its third-quarter financial results might lag because of disputes with customers, Qualcomm Inc. turned in net income of $900 million, or 58 cents per share, on $5.4 billion in revenue.

By Brad Graves July 19, 2017 4:05 p.m. share »

Brain Corp. Raises $114 Million in Series C Funding

San Diego-based Brain Corp. said on July 19 that it brought in $114 million in Series C funding. SoftBank Vision Fund led the round while Qualcomm Ventures was a repeat participant.

By Brad Graves July 19, 2017 10 a.m. share »

As It Shifts Direction, Ingenu Searches For New CEO

Ingenu Inc. has announced that CEO John Horn has left the company.

By Brad Graves July 18, 2017 3:26 p.m. share »

Cubic Acquires British-Based Deltenna Ltd.

Cubic Corp. said on July 18 that it acquired privately held Deltenna Ltd. of Chippenham, U.K. for undisclosed terms. Deltenna specializes in wireless infrastructure, offering radio and antenna communication solutions.

By Brad Graves July 18, 2017 9:34 a.m. share »
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Four Reasons That 95 Percent of Startups Fail … Plus One From the Audience

During his appearance at Qualcomm Inc. at the end of June, internet pioneer and Google executive Vint Cerf asserted that 95 percent of startups fail. Better business practices could get that down to 65 percent, he said.

By Brad Graves July 17, 2017 4:37 p.m. share »

Visual Communications Closes Acquisition of Display Products

Visual Communications Co. LLC, a Poway-based electronic components maker, said on July 17 that it completed its acquisition of El Segundo-based Display Products Inc. for undisclosed terms.

By Brad Graves July 17, 2017 3:09 p.m. share »

NTN Buzztime Inc. Names Two Independent Directors to Board

Carlsbad-based NTN Buzztime Inc. said it has named two new independent directors to its board.

By Brad Graves July 16, 2017 1:01 p.m. share »

A Luminary Named to Connect Entrepreneur Hall of Fame

Connect has named Jay Flatley of Illumina as its 2017 inductee to the Connect Entrepreneur Hall of Fame.

By Brad Graves July 16, 2017 1 p.m. share »

Governor Appoints Benton as Senior Business Development Specialist for GO-Biz

Gov. Jerry Brown has appointed Shea Benton as a senior business development specialist for San Diego and Imperial counties at the Governor’s Office of Business and Economic Development (also known as GO-Biz). Benton, 28, will work in San Diego.

By Brad Graves July 16, 2017 12:59 p.m. share »

NTN Buzztime Appoints 2 Independent Board Members

Carlsbad-based NTN Buzztime Inc. said it has named two new independent directors to its board.

By Brad Graves July 14, 2017 11:26 a.m. share »

Jacobs Interview Opens a Window to the Past

The Cal Alumni Association at UC Berkeley recently named Qualcomm Inc. Executive Chairman Paul Jacobs its 2017 alumnus of the year. The benefit to San Diego’s business community is a very readable profile article by Bill Snyder in the California alumni magazine (available online), which offers an interesting window into Qualcomm’s history.

By Brad Graves July 13, 2017 3:13 p.m. share »

StackIQ Bought by Teradata for Undisclosed Sum

Publicly traded Teradata Corp., which has a large campus in Rancho Bernardo, has acquired Solana Beach startup StackIQ. Terms of the deal were not disclosed, nor was the number StackIQ employees that made the jump to Teradata.

By Brad Graves July 13, 2017 3:08 p.m. share »
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MaxLinear Scales Up, Diversifies

“Significant, but achievable.” That is how Kishore Seendripu, CEO of MaxLinear Inc., described the big task of integrating Silicon Valley semiconductor maker Exar into his business, after two months as a combined company.

By Brad Graves July 13, 2017 1:42 p.m. share »
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New SPAWAR Commander Brings Experience of End User to Job

Transitions are part of life in the U.S. Navy. Sailors regularly move from one city to the next, or from one continent to another. But even for Capt. Melvin Yokoyama Jr., who has spent more than 25 years in the Navy, this last transition has been quite a change of scenery.

By Brad Graves July 13, 2017 1:38 p.m. share »
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What Business Can Do

Homelessness sits heavy on San Diego’s doorstep, a seemingly intractable problem that can’t be shoehorned into a one-size-fits-all box.

By brad July 13, 2017 1:02 p.m. share »
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Varsha Rao Appointed to ViaSat Board

ViaSat Inc. has named a new board member — an executive with a strong background in e-commerce, internet technology and international markets.

By Brad Graves July 12, 2017 4 p.m. share »

Shipbuilder Announces Up to 300 Layoffs

BAE Systems said July 11 that it planned to lay off as many as 300 employees at its Barrio Logan shipyard. The positions could be eliminated in early September, the business said.

By Brad Graves July 11, 2017 4:11 p.m. share »
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Cubic CFO Takes New Role, Replacement Named

Cubic Corp. plans to transition current CFO Jay Thomas to an executive adviser’s role and name a new chief financial officer in October.

By Brad Graves July 11, 2017 3:54 p.m. share »

Michele Bart Named Chief Development Officer at Feeding San Diego

Feeding San Diego has named Michele Bart as its chief development officer.

By Brad Graves July 10, 2017 2:24 p.m. share »

A Visit to One of the Cleanest Workplaces in S.D.

Invitations to ASML’s factory floor in Rancho Bernardo are rare, and when they come, there’s a dress code. You don’t walk into one of the cleanest workplaces in San Diego wearing the shoes you used to cross the parking lot.

By Brad Graves July 10, 2017 2:19 p.m. share »

Camp Pendleton Work Is Part of Contract Awarded to Small Business

F3EA JV LLC, a small business, has been awarded a five-year contract worth up to $16.4 million to support underwater egress training systems at four U.S. Marine Corps bases.

By Brad Graves July 9, 2017 12:58 p.m. share »

Camp Pendleton Work Part of Contract Awarded to Small Business

F3EA JV LLC, a small business, has been awarded a five-year contract worth up to $16.4 million to support underwater egress training systems at four U.S. Marine Corps bases.

By Brad Graves July 7, 2017 10:25 a.m. share »

Tapestry to Share $28M Contract

San Diego-based Tapestry Solutions Inc., a part of Boeing Co., received a $28 million U.S. Air Force contract that it will share with another Boeing unit, Jeppesen.

By Brad Graves July 6, 2017 2:55 p.m. share »
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Local Cos. Get Big-Ticket Items in Rough Draft of Defense Budget

A rough draft of the fiscal 2018 Pentagon budget is out, and as usual, it includes some big-ticket purchases from San Diego’s aircraft makers and shipbuilders.

By Brad Graves July 6, 2017 2:50 p.m. share »

Qualcomm Asks Court to Block iPhone Imports

Qualcomm Inc. said July 6 that it has gone to court to bar the importation of Apple Inc. iPhones.

By Brad Graves July 6, 2017 2:10 p.m. share »

Slantrange Signs Contract With Bayer CropScience

Slantrange Inc., the San Diego business that helps farmers monitor the health of their crops using remote sensors carried aloft by drones, said on July 6 that it has signed a data collection and analysis agreement with Bayer CropScience LP.

By Brad Graves July 6, 2017 1:45 p.m. share »
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Internet Pioneer Cerf Sees Need to Promote S.D. Technology

Internet pioneer Vint Cerf got a private, three-day crash course in San Diego’s various science and technology pursuits in late June, and told an audience that more people need to get acquainted with the region’s technical side.

By Brad Graves July 6, 2017 12:46 p.m. share »

Internet Pioneer Sees Need to Promote S.D. Technology

Internet pioneer Vint Cerf got a private, three-day crash course in San Diego’s various science and technology pursuits in late June, and told an audience that more people need to get acquainted with the region’s technical side.

By Brad Graves July 5, 2017 4:26 p.m. share »

GoFundMe Co-Founder Joins Board of Guru

Andy Ballester, co-founder of the crowdfunding business GoFundMe, has joined the board of directors of Guru.

By Brad Graves July 5, 2017 2:24 p.m. share »
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Tech San Diego Hires Recruiter to Retain Talent

The exodus of college graduates to Silicon Valley, Austin and other tech hubs is an annual event — as much of the San Diego springtime as the swallows’ return to make mud nests.

By Brad Graves July 4, 2017 12:45 p.m. share »

Neology Acquires Tolling Business of 3M’s Transportation Safety Division

Neology, based in the Poway Business Park, said on June 30 that it acquired the tolling and automated license plate recognition business of 3M’s Transportation Safety Division.

By Brad Graves July 4, 2017 10:11 a.m. share »

Manufacturer Leaving Vista, Sees Efficiencies in Pennsylvania

Specialty chemical maker Ferro Corp. plans to shut its plant in Vista by Dec. 31, 2018, eliminating 58 positions.

By Brad Graves July 3, 2017 12:27 p.m. share »
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John Roshala Promoted to President at NoteVault

San Diego-based construction technology company NoteVault has promoted John Roshala, chief revenue officer, to president.

By Brad Graves June 29, 2017 5:23 p.m. share »

Sempra Signs MOU With Korea Gas Corp.

Korea Gas Corp., one of the world’s largest buyers and importers of liquefied natural gas, has emerged as a potential partner in — and customer for — Sempra Energy’s proposed liquefied natural gas plant on the Gulf of Mexico.

By Brad Graves June 29, 2017 3:44 p.m. share »

‘Safe Core’ Battery Technology Draws Qualcomm Investment

One of the biggest engineering puzzles of the decade is how to make peace with a new generation of batteries. Lithium-ion batteries are wonderful — they are powerful, capable and able to last a long time between charges — but they can also be prone to fire or explosion.

By Brad Graves June 29, 2017 2:40 p.m. share »
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CEO Finds Right Person For Job Is Not Herself

Forced by federal regulators to hang on to a hardware business they had committed to selling, board members of Inseego Corp. made a 180-degree turn. They took the business, called MiFi, off the market and dug back into it with a renewed vigor.

By Brad Graves June 29, 2017 2:32 p.m. share »

Probe of Qualcomm-NXP Merger Hits Snag

The European Commission has paused its antitrust investigation into Qualcomm Inc.’s acquisition of NXP Semiconductors N.V.

By Brad Graves June 29, 2017 12:07 p.m. share »

Continental Maritime Gets $37.8 Million Navy Contract

The U.S. Navy awarded Continental Maritime a $37.8 million delivery order to cover shipyard work to the Ticonderoga-class cruiser USS Chosin.

By Brad Graves June 28, 2017 4:54 p.m. share »

Tapestry Solutions to Share $28M Contract

San Diego-based Tapestry Solutions Inc., a part of Boeing Co., received a $28 million U.S. Air Force contract that it will share with another Boeing unit, Jeppesen.

By Brad Graves June 28, 2017 4:51 p.m. share »

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