SD BUSINESS JOURNAL DAILY ENEWS

DJO Moving to Texas, Cutting 187 Local Jobs

DEVICES: 300 Jobs to Remain; Co. Consolidating Operations

DJO Global, which grew from a garage startup to become one of North County’s largest private employers, is laying off 187 local employees and relocating its headquarters to Dallas, Texas.

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SDBJ INSIDER: Craft Brewers Have a Normal Business Dispute

Trademark disputes in the craft brewing world are not restricted to big beer vs. little beer.

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Algorithms Give Lender a Less Risky Business

FINANCE: Tech Opens Data Door on Borrowers; Co. Secures $145M

A San Diego-based online lender that employs 40 data scientists that guide its lending decisions recently secured $145 million to expand its business, which makes unsecured personal loans to borrowers with blemished or little credit history.

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Little Italy Project Brings Rentals, Dining and Romance

PROPERTY: Little Italy Project Brings Rentals, Dining and Romance

For more than a decade, people who live and work in Little Italy have yearned for a central plaza that would give the community a stronger European feel and a place that would be an attraction in its own right.

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Synthorx Hires a CMO

Joseph Leveque has joined San Diego biotech Synthorx as chief medical officer.

Coffee Could Be Something Special in Local Agriculture

AG: High-End Crop Targets The Pricey Specialty Market

According to the San Diego County Farm Bureau, San Diego is the top grower of domestic avocados and the No. 1 nursery and floral county in the nation. But these days, local farmers have their eyes set on a new crop: coffee.

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NASSCO Gets Work on USS Cowpens

The U.S. Navy awarded General Dynamics NASSCO a $147.7 million contract to modernize the USS Cowpens, a Ticonderoga-class cruiser.

Business Calendar for Week of August 20, 2018

Business events planned in the county

Finding Weaknesses Is a Strength of ATA

ENGINEERING: Firm Does Analysis, Design and Software

Shake, rattle and roll. That is an admittedly nontechnical explanation of what ATA Engineering Inc. does.

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SD 500: Quartet Among Next 40 Honorees

Scot Chisholm, Matt Cole, Keith Jones and Ashok Kamal were among the 40 honorees in the San Diego Business Journal event, San Diego’s Next 40 Top Business Leaders Under 40.

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Executive Q&A: Matt Kite, Cerna Solutions CEO

Matt Kite moved to the U.S. from the U.K. in 2004. Today he employs more than 30 people at Cerna Solutions, which he established in 2012 to provide implementation services for companies looking to use the cloud-based IT services offered by tech giant ServiceNow.

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Viasat’s Stock Dips On Q1 Results

TECH: Some Analysts See Overreaction, Rate Stock as a Buy

Shares of Viasat Inc. swooned, dipping 17 percent Aug. 10 after the company released results from the first quarter of its 2019 fiscal year.

Aroma Listens to Its Retailers, Keeps Eye on Economy

RETAIL: Housewares Co. Relies on Business Sense And Wide Product Line

Although keeping a relatively low public profile since launching 41 years ago, San Diego-based Aroma Housewares, mostly known for its rice cookers and multicookers, has managed to become a recognizable name in the small kitchen electric appliances industry.

Logistics Startup Lands $8M in Series A

Airspace Technologies, a Carlsbad-based logistics startup, has raised $8 million in a Series A financing round.

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AttackIQ Closes $5.5M Financing Round

Cybersecurity startup AttackIQ has closed a $5.5 million financing round led by Salesforce Ventures, CEO Stephan Chenette recently confirmed.

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Wave of Investment Has Life Sciences Swimming in Cash

Cash is pouring into early-stage San Diego life sciences, with 2018 shaping up as a banner year, according to observers.

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Novo Brazil Expansion Fits New Model for Malls

Beer fanciers looking for a new taste treat could soon head south to Chula Vista, where Novo Brazil is expanding into the Otay Ranch Town Center mall with a $2.5 million micro-brewery, tasting room, restaurant and beer garden.

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L.A. Investors Not Looking Down on S.D.’s CRE Market

Los Angeles investors are showing increasing interest in San Diego’s commercial real estate market, according to the commercial real estate firm Marcus & Millichap.

Cubic’s GATR Gets $522M Army Contract

GATR Technologies has a one-half billion dollar deal in hand.

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Kratos Reports Q2 Revenue of $151M

Kratos Defense & Security Solutions Inc. reported a net loss of $7.7 million on revenue of $151.2 million during the company’s second quarter, which ended on July 1.

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