WASHINGTON (AP) -- U.S. builders began work on more homes last month, evidence that the battered housing market is slowly healing.
May 16 (Bloomberg) -- U.S. stock-index futures climbed as speculation reports today may show increases in housing starts and industrial production outweighed concern Greece will be forced to exit the euro.
May 16 (Bloomberg) -- Oil dropped in New York to the lowest level in more than six months after U.S. crude stockpiles grew and talks to form a coalition government in Greece collapsed, raising concern that Europe’s debt crisis will worsen.
San Diego-based Amylin Pharmaceuticals Inc. has lured suitors such as Pfizer Inc., AstraZeneca Plc. and Sanofi, which signed confidentiality agreements on the drugmaker’s sale process, said people familiar with the matter.
San Diego Venture Group will host its 10th annual Venture Summit on June 6 at the Manchester Grand Hyatt.
San Diego-based Silvergate Bank reported a net income of $1.029 million in the first quarter of 2012, up 33 percent from the first quarter of 2011 and the second highest quarterly earnings in the bank’s history.
San Diego-based VelaTel Global Communications (OTCQB: VELA) (Pinksheets: VELA), a wireless broadband and telecommunication firm, announced it has finalized its financing contracts with ZTE to increase its equipment and software order to deploy and expand wireless networks in Montenegro and Croatia.
LRAD Corp. announced it has received a $1.7 million LRAD-RX systems order for Asian maritime security, and Franklin Wireless Corp. reported a net loss of $635,000, or 5 cents per share, for quarter ended March 31, according to company announcements, SEC filings and Bloomberg News.
Venture capital investments surged ahead in San Diego County in the first quarter of 2012 following less than average years in 2009-2011.
Creditors of Carlsbad-based No Fear Retail Stores Inc. will be paid 2 percent or 6 percent of their claims, depending on which of the related companies owes the debt, as the result of approval the bankruptcy court gave last week to a liquidating Chapter 11 plan.
