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Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
Rising Interest Rates Have Yet to Rattle Market
REAL ESTATE: Demand Insulates Some S.D. Sectors; Small Projects More at RiskRising interest rates have yet to have much of an effect on commercial real estate transactions in San Diego County.Cubic Transportation Gets $276M Contract
Cubic Corp. said on June 20 that its transportation business received a $276 million contract from Queensland, Australia.
Serving Seniors’ Gala Makes 200,000 More Meals Possible
Serving Seniors announced that it raised $477,000 at its 5th annual Experience of a Lifetime Gala held recently at the Del Mar Country Club. With more than 350 people in attendance at the sold-out event, the funds raised will go toward nearly 200,000 meals for those in need.
Conflicting Reports Leave Fate of Proposed Qualcomm Acquisition of NXP Unclear
Initial report sent price of NXP and Qualcomm stock up in after-hours trading June 14.
Endeavor Hires Producers to Open Right Doors For New Bank
BANKING: Despite Good Economy, De Novo Banks Face Challenges
The ranks of the post-recession crop of aspiring de novo banks are thinning, but the headcount at San Diego’s Endeavor Bank is expanding roughly two years ahead of schedule to accommodate bankers looking to join the new venture.
Active M&A Scene Finds Good Target in Local RIA
ACQUISITION: L.A. Firm Gets Greater SoCal Presence With Donnelly Purchase
A $3.6 billion registered investment advisor (RIA) in Los Angeles run by two native San Diegans has acquired Donnelly Wealth Advisors (DWA), a San Diego-based firm with $405 million in assets under management.
Cubic Rings Closing Bell on Analyst Day
Executives with Cubic Corp. rang the bell and banged the gavel at the close of trading June 13 at the New York Stock Exchange.
Kratos Drone Deal Could Exceed $10M
Kratos Defense & Security Solutions Inc. said June 13 that its Unmanned Systems Division received an engineering services contract that could be worth as much as $10.2 million over five years.
Kratos Wraps Up Sale of Security Division
Kratos Defense & Security Solutions Inc. said on June 11 that it concluded the sale of its Public Safety & Security Division to Securitas Electronic Security Inc., part of Sweden-based Securitas AB.
Investor Group Says Sempra Must Change
An investor group called on Sempra Energy to seat six of its candidates on its board of directors and conduct a thorough review of the company with an eye toward remaking it.
Grants Aim to Be Game Changers for Chula Vista’s Workforce
Chula Vista Charitable Foundation, an affiliate of The San Diego Foundation, announced that. at the 9th Annual CVCF Grants Celebration, $55,000 in grants are going to benefit Chula Vista residents of all ages and backgrounds for job training and workforce development resources. The grants were announced at the Reminiscence Therapy facility in the Glenner Town Square.
Carlsbad-Based Redemption Games Sells $5M Stake to Supercell
Money will go to game development and commercialization.
Local Fitness Apparel Brands Merge With Hylete Acquisition of Graced By Grit
Both companies are based in Solana Beach and sell workout wear primarily online.
Beta Wealth Group Hires Operations, Compliance Chief
Headed by CEO Jodi Vleck, the firm manages nearly $300 million in assets.
California Economic Index Up Slightly
While the index showed only a modest gain in March, the longer-run trends of the underlying data series remain positive and are consistent with an ongoing moderate economic expansion for California this year.
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