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News

FTD buys Provide Commerce for $430M

FTD Companies Inc. and Liberty Interactive Corp. have executed a definitive agreement under which FTD will acquire Liberty's Provide Commerce floral and gifting businesses. Provide Commerce is headquartered in San Diego.

Lucia Capital Group names Bruton new CEO

San Diego-based Lucia Capital Group announced Thursday that Derek Bruton, former managing director of independent adviser services at LPL Financial (Nasdaq: LPLA), has been named CEO.

Daily Digest

ViaSat Inc. announced that the Wideband Small Tactical Terminal it co-developed with Harris Corporation has been certified by the NSA and is ready for delivery to U.S. and international military customers, and Qualcomm Inc. announced that its investment arm Qualcomm Ventures made a strategic investment in home healthcare company, Portea Medical, to help the firm scale its network and service delivery, according to company announcements, SEC filings and Bloomberg News.

Daily Digest

BIOTECH

La Jolla Pharma completes public offering

Other Finance Headlines:

Lucia Capital Group names Bruton new CEO

San Diego-based Lucia Capital Group announced Thursday that Derek Bruton, former managing director of independent adviser services at LPL Financial (Nasdaq: LPLA), has been named CEO.

San Diego Stock Exchange

The San Diego Stock Exchange Index closed lower Thursday at 157.30, down 1.90 percent from Wednesday. Declining issues beat advancers 66 to 16, and 105 issues were unchanged. Banc of California Inc. (NYSE: BANC) was the top dollar gainer, up 86 cents to $11.87. Illumina Inc. (Nasdaq: ILMN) was the top dollar loser, down $5.13 to $159.91. For the complete, updated San Diego Stock Exchange Index visit sddt.com/stocks.

Fixed mortgage rates drop

Average U.S. mortgage rates declined slightly this week, hovering near their lows for the year.

Target CEO pick Cornellís outsider status seen as biggest asset

For all of the impressive work experience on his resume, Brian Cornell’s most important attribute may be what he doesn’t have: a career at Target Corp.

LinkedIn sales forecast tops estimates as growth recovers

LinkedIn Corp. gave a third-quarter sales forecast that topped estimates as the largest professional-networking website rolled out new products to reignite growth, sending the shares higher in extended trading.

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