Finance
BIOTECH
San Diego’s Acadia Pharmaceuticals Inc. (Nasdaq: ACAD) got a nod from Jim Cramer’s lightning round on CNBC on Thursday night as a “one of the great [speculative shares] out there,” based on its work developing a treatment for Parkinson’s Disease.
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Thomas Bondur, vice president for global sales and marketing at San Diego’s Cymer Inc. (NASDAQ:CYMI), recently sold 12,315 shares at $111.52 per share for a total value of $1,373,369.
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BIOTECH
Halozyme Therapeutics Inc. (Nasdaq: HALO) reappointed David Ramsay as its chief financial officer this morning as it announced that former CFO Kurt Gustafson left the company to pursue other opportunities.
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Share prices in Sempra Energy (NYSE: SRE) dropped during morning trading after the company lowered its financial outlook for 2013 and released projections for 2014 that were below Wall Street expectations.
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Halozyme Therapeutics Inc. announced that it has named David Ramsay as CFO, who will replace outgoing CFO Kurt Gustafson, and Lpath Inc. announced it has initiated dosing in a Phase 2a trial of anti-cancer drug ASONEP, according to company announcements, SEC filings and Bloomberg News.
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The value of the San Diego employees’ pension fund last week breached the $6 billion mark for the first time, fueled by the rebound of the financial and real estate markets.
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San Diego’s resident device cover maker LifeProof will be gobbled up by OtterBox, one of its biggest competitors.
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Shares in San Diego biotech company Santarus Inc. (Nasdaq: SNTS) jumped more than 6 percent this morning after it was named the "Bull of the Day" by Zacks Equity Research and also got a strong nod from the Motley Fool stock pick site, with a pun-laden reference to the company's concentration on the intestines.
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Jack In The Box Inc. announced that Elana Hobson was promoted to senior vice president of operations, and Volcano Corp. announced it will present at the Deutsche Bank 38th Annual Health Care Conference on May 29, and at the Jefferies 2013 Healthcare Conference on June 4, according to company announcements, SEC filings and Bloomberg News.
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Local banking veteran Robert Horsman has joined Torrey Pines Bank as market executive for the San Diego region, where he will focus on helping the bank expand its base among local businesses, not-for-profit organizations and professionals.
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May 24, 2013, 5:00 pm -- In local news, the CEO of the USS Midway Museum has received a leadership award for his education programs aboard the aircraft carrier, and Little Italy sees a building boom.

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May 20, 2013 -- Executive Editor George Chamberlin recaps last week's financial events and looks at the week's upcoming announcements.

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U.S. MARKETS
Last Updated 5/24/2013 8:15 PM
DOW: 
15303.10 
+8.60
NYSE: 
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-24.16
Nasdaq: 
3459.14 
-0.28
S&P 500: 
1649.60 
-0.91
Last Updated 5/24/2013
Best Performers
+0.20 
41.67%
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25.00%
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+0.13 
17.33%
Worst Performers
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Last Updated 5/24/2013
CYMER INC
Bondur, Thomas J, O, Sold
No. of Shares: 12,315
Date Filed: 05/21/2013

QUALCOMM INC
Grob, Matthew S, CT, Sold
No. of Shares: 10,600
Date Filed: 05/13/2013

RESMED INC
Quinn, Michael A, D, Options Exercised
No. of Shares: 48,000
Date Filed: 05/20/2013

QUALCOMM INC
Grob, Matthew S, CT, Options Exercised
No. of Shares: 26,785
Date Filed: 05/13/2013

ILLUMINA INC
Stapley, Marc A, CFO, Sold
No. of Shares: 2,843
Date Filed: 05/20/2013


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