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

Credit Data Analytics for Zebit’s Lending Model

FINANCE: Company Is Able to Avoid Harsh Penalties for DelinquenciesAn under-the-radar San Diego e-commerce startup is looking for creative solutions to provide credit for underbanked customers.

Lithium-Battery Maker Flux Power Grows Revenue

Flux Power Holdings Inc. reported a net loss of $2.92 million on revenues of $2.7 million for the second quarter of its fiscal year. Revenue grew 126 percent from the same quarter last year, when Flux had $1.2 million in sales.

Sempra to Sell Wind Assets for $551M

Sempra Energy said on Feb. 12 that it has agreed to sell its wind generation assets to American Electric Power for $551 million in cash. It's part of a wider effort to divest of its generation and natural gas storage assets.

JuneShine Acquires Ballast Point’s Scripps Ranch Facility

JuneShine’s North Park location will remain open concurrently.

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Qualcomm Sells Mobile Health Subsidiary

Qualcomm Life was sold to private equity firm Francisco Partners. It will be renamed Capsule Technologies.

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Sensors’ Price, Size and Power Source Are Right for IoT

After Qualcomm Inc. bought his first startup for $300 million, a company that made wireless chipsets, Wilocity founder Tal Tamir had another big idea. His newest company, Wiliot, is focused on making tiny, sticker-sized Bluetooth sensors that can be sold at less than a cent apiece.

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Startup Ciari Guitars Looks to Win By a Neck

After Jonathan Spangler’s San Diego-based guitar startup made its big debut in America’s Music City, Spangler is gearing up to manufacture and sell his first products this summer. His company, Ciari Guitars, creates professional-quality, foldable guitars designed to fit into the carry-on compartment of an airplane.

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Equinox Project Moves to USD

The reason for the move is because of the resources USD can provide Equinox in its mission to continue to provide data that addresses regional growth for local neighborhoods and communities.

Gossamer Bio Goes Public with Upsized $276M Offering

Gossamer Bio — a closely watched San Diego biotech during the government shutdown — made its public debut Feb. 8 with an upsized $276 million offering.

Sempra LNG Plant Close to Opening

Sempra Energy is poised to start production on the first unit of its Cameron liquefied natural gas (LNG) export plant in southern Louisiana. Separately, Sempra announced on Feb. 7 that it completed the sale of its non-utility natural gas storage assets to ArcLight Capital Partners for $328 million in cash.

Padres Pedal the Cause Rides to A Record Fundraising Effort

Padres Pedal the Cause presented a check for a record-breaking total of $2,940,837 recently to beneficiary representatives from Moores Cancer Center at UC San Diego Health, Sanford Burnham Prebys Medical Discovery Institute, Salk Institute for Biological Studies and Rady Children’s Hospital–San Diego.

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Restaurant Group Truly Served the Public

December 2018 was a month of giving from its 8th annual Rise & Shine Christmas Dinner to its December-long Woosley Fire donation.

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Students Take Active Role In ‘Repairing the World’

Students from the San Diego Jewish Academy recently presented more than $7,000 of their Hannukah charitable project that reflects the Jewish value of Tikkum Olam or “Repairing the World.”

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JA’s New Leader Will Help Shape Next Generation of Business Leaders

Junior Achievement of San Diego County announced that Siddhartha “Sidd” Vivek joined the organization as its new president/CEO in late January 2019, succeeding interim President Steve Rowe.

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Rotary Mobilizes to Deliver Much-Needed Emergency Grant

San Diego Rotary, the fourth largest Rotary Club in the world, announced an emergency $10,000 grant to the nonprofit Alpha Project. The funds will be utilized to replace much-needed supplies lost when the homeless shelter flooded out during recent winter storms.

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Viasat Grows Revenue, Orders Third ViaSat-3 Satellite

Satellite communications specialist Viasat Inc. reported a net loss of $10.4 million, or 17 cents per share, on total revenues of $554.7 million during its third quarter, which ended on Dec. 31. The Carlsbad-based corporation reported “exceptional performance” that set revenue records for its three business segments.

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