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News

SANDAG sells $350 million in bonds for transportation

The San Diego Association of Governments has sold $350 million in tax-exempt, fixed-rate bonds at a 3.85 percent interest rate to finance key transportation projects.

TECHNOLOGY

Krenn takes reins of SDVG

Mike Krenn, who helped found both Tech Coast Angels and CommNexus, has been tapped to head the San Diego Venture Group, succeeding Dave Titus as its full-time president.

Daily Digest

Imageware Systems Inc. announced it signed a three-year agreement with a major international retailer to provide its cloud-based, multi-modal biometric identity management product suite running on the Fujitsu Trusted S5 Cloud platform, and ACADIA Pharmaceuticals Inc. announced that the FDA has provisionally accepted the trade name “NUPLAZID” for pimavanserin, according to company announcements, SEC filings and Bloomberg News.

Daily Digest

US durable goods orders surge record 22.6 percent

Other Finance Headlines:

Iliad Said in Talks With Buyout Firms on New T-Mobile US Bid

Sept. 1 (Bloomberg) -- Billionaire Xavier Niel’s Iliad SA is talking to private-equity firms about teaming up to make an improved offer for Deutsche Telekom AG’s T-Mobile US Inc. unit, according to people familiar with the matter.

Novartis Advances Most in Three Years on Heart-Failure Study

Sept. 1 (Bloomberg) -- Novartis AG gained the most in almost three years after a study showed that an experimental heart failure drug kept more patients from dying or being hospitalized than the standard therapy, a result that may transform treatment of the disease that afflicts 26 million people worldwide.

Citigroupís Romain Stephan to Leave for Silver Time Partners

Sept. 1 (Bloomberg) -- Romain Stephan is leaving his role as Citigroup Inc.’s head of equities for France to join Silver Time Partners SAS, a Paris-based asset-management company.

Money Markets Record Seen Pricing 50% Chance of ECB Rate Cut

Sept. 1 (Bloomberg) -- European money markets that are at record lows are pricing in around a 50 percent probability the European Central Bank will cut its refinancing and deposit rates by 10 basis points this week, BNP Paribas SA said.

Apple, Samsung face $3.9 billion wall to selling phones in China

Apple Inc. and Samsung Electronics Co. face a $3.9 billion challenge as they prepare to sell new marquee phones in the world’s biggest wireless market.

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