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News

MEDICAL

Philips buys Volcano for $1 billion to boost medical imaging

Royal Philips NV agreed to buy San Diego-based Volcano Corp. for $1 billion to expand in catheter-based imaging of the heart and blood vessels as part of a wider refocus on more profitable markets such as medical gear.

EdgeWave closes $2 million additional Series A

San Diego cybersecurity firm EdgeWave closed $2 million in additional Series A equity funding from three investors. This financing brings the company’s 2014 total equity funding to$8 million.

GOVERNMENT

San Diego pensionís retreat from risk avoids $100 million loss

San Diego County’s pension fund avoided a $100 million loss in the third quarter by reducing its reliance on Treasury bonds although it forfeited about $114.4 million in gains in the past three months because it rolled back its “risk-parity” strategy, the fund’s investment adviser said in a report.

Torrey Pines Bank hires Sean Hunt

Celladon added to Nasdaq bio index

Other Finance Headlines:

Asia needs to prepare for a possible China crash

As China's first full year of rebalancing draws to close, how has President Xi Jinping done? Reasonably well, it seems.

Russia's Growing Problems Are Everyone's Problems

(Bloomberg View) -- "Cyprus with nukes." That's how someone, maybe me, referred to Russia in an IM conversation this morning. It's not really a fair comparison; Russia is a vast country loaded with natural resources, not a tiny island banking haven. But it does express a very real fear: that the world is about to experience a major financial crisis in a country that seems to deal with its internal troubles by slicing off bits of neighboring countries.

Calif. home price rise cools in Nov.

California home prices cooled in November as lack of affordability and low inventories kept potential buyers on the sidelines, a research firm said Tuesday.

Obama gambles that he can defeat Cuba lobby

(Bloomberg View) -- With his announcement that the U.S. will open negotiations and try to normalize relations with Cuba, President Barack Obama is trying to break the hold of the Cuba lobby once and for all.

EdgeWave closes $2 million additional Series A

San Diego cybersecurity firm EdgeWave closed $2 million in additional Series A equity funding from three investors. This financing brings the company’s 2014 total equity funding to$8 million.

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