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News

TECHNOLOGY

Novatel Wireless appoints CFO

San Diego's Novatel Wireless Inc. (Nasdaq: NVTL) announced that Michael Newman has been appointed as executive vice president and chief financial officer.

Daily Digest

ACADIA Pharmaceuticals Inc. announced that the FDA has granted Breakthrough Therapy designation to Nuplazid for the treatment of Parkisonís disease psychosis, and

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

Daily Digest

Other Finance Headlines:

Understanding who wins in the two-speed recovery

The Standard & Poor's 500 Index closed Aug. 27 at a record high of more than 2,000. Yet many people feel that the economy is weak.

San Diego Stock Exchange

The San Diego Stock Exchange Index closed higher Tuesday at 166.31, up 0.46 percent from Friday. Advancing issues beat decliners 53 to 47, and 92 issues were unchanged. Acadia Pharmaceuticals Inc. (Nasdaq: ACAD) was the top dollar gainer, up $2.63 to $26.61. HomeFed Corp. (OTC: HOFD) was the top dollar loser, down $1.25 to $50. For the complete, updated San Diego Stock Exchange Index visit sddt.com/stocks.

FHFA will still loan to the poor

Fannie Mae and Freddie Mac would maintain current levels of home-mortgage purchases meant to spur lending to lower-income borrowers though 2017 under a proposal released by the Federal Housing Finance Agency.

Orders surge powering expansion

Gains in manufacturing boosted the U.S. expansion in August, led by a surge in orders for plastics and metals that powered the world’s largest economy past a global slowdown.

Stocks slip from all-time high as energy producers tumble

U.S. stocks fell, after the Standard & Poor’s 500 index had its best month since February, as energy producers sank with the price of crude to offset data showing U.S. manufacturing expanded at the fastest pace in three years.

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