San Diego Source | The Daily Transcript

The San Diego Source | The Daily Transcript is San Diego’s only information company offering business news, data and resources daily and hourly. We report on San Diego business, finance and the San Diego economy, real estate, construction, the U.S. military in San Diego, and San Diego government construction bids.

Today's News

REAL ESTATE

U.S. MBA Mortgage Applications Index Decreased 3.3% Last Week

June 19 (Bloomberg) -- Mortgage applications in the U.S. decreased last week as borrowing costs climbed, keeping refinancing hovering around a more than one-year low.

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FINANCE

WTI Crude Advances to Nine-Month High as U.S. Stockpiles Decline

June 19 (Bloomberg) -- West Texas Intermediate crude rose to a nine-month high after an industry report showed U.S. inventories dropped last week.

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FINANCE

US futures waver in light trading

NEW YORK (AP) -- U.S. stock futures are mixed in light trading with investors holding back before the Federal Reserve reveals its stance on the economy.

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GENERAL

'Spectacular' events proposed for Balboa Park celebration

A big water show will splash into San Diego as one of the Balboa Park Centennial Celebration's events in 2015.

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LAW

Attorney's loyalty can't be divided, SD Bar says

A lawyer's responsibility to engender trust and loyalty are at the center of two recent ethical opinions released by the San Diego County Bar Association.

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DEFENSE

Vetstarter aims to raise money for veteran businesses

Move over, Kickstarter. A new San Diego-based nonprofit crowdfunding platform called Vetstarter.org aims to get veteran-owned startups off the ground.

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GENERAL

Construction starts on new student health, counseling services center at CSUSM

Construction has officially started on a new Student Health & Counseling Services Building at California State University, San Marcos.

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CONSTRUCTION

SANDAG hosting workshop on Rose Creek Bikeway, open house on bus rapid transit

A public workshop is planned for Thursday on the Rose Creek Bikeway Project -- a bike path along Interstate 5 that will connect the University City area in the north to southern beach communities.

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TECHNOLOGY

Microsoft said to add Qualcomm as supplier for Surface RT tablet

Microsoft Corp., seeking to break into the market for tablet computers, will update its Surface RT using chips from Qualcomm Inc., people with knowledge of the company’s plans said.

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HOSPITALITY

Cohn Restaurant Group partners with Costco to offer discount gift cards

Restaurateurs David and Lesley Cohn of the Cohn Restaurant Group announced the debut of a retail partnership with Costco Wholesale.

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Breaking News

Updated: 7:30AM

In The News

June 18, 2013, 5:00 p.m. -- San Diego’s business news has nonprofit Vetstarter with its first fundraising partner, and the San Diego County Bar Association in the middle of two ethical opinions.

Wells Fargo's Steven Bernstein on the economy

June 17, 2013 -- George Chamberlin speaks with Steven Bernstein, senior vice president of the greater San Diego area for Wells Fargo Bank, about how the economy has improved and lending has picked up.

George Chamberlin on the Markets

June 17, 2013 -- Executive Editor George Chamberlin recaps last week's financial events and looks at the week's upcoming announcements.

San Diego Entrepreneur - 2013

San Diego Entrepreneur spotlights San Diego’s enterprising people and their ventures. The Daily Transcript is also teaming up for this year's Ernst & Young Entrepreneur Of The Year Awards. Find out who made the cut inside.

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US & World

FedEx 4Q profit drops as economic growth is weak

DALLAS (AP) -- FedEx's quarter profit is down 45 percent from a year ago as customers trade down to less-expensive delivery options and the package delivery company restructures some parts of its business.

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Other US & World Headlines:

Gold Holds Above Three-Week Low Before Fed Concludes Meeting

Dollar Declines Before Bernanke’s Fed Policy Update; Krona Rises

Obama silent on US arms to Syria, praises G-8 plan

IMF calls for urgent steps on Spain unemployment

More US & World News

California

N. Calif. campfire-turned-wildfire partly tamed

MARIPOSA, Calif. (AP) -- Hundreds of people were allowed to return home but hundreds more evacuees remained from a Northern California wildfire that began as a campfire before burning nearly 3 square miles.

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