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News

BofI Holding Inc. says second-quarter net income up 47 percent

San Diego-based BofI Holding Inc. (Nasdaq: BOFI), parent of BofI Federal Bank, announced its net income for the second fiscal quarter ending Dec. 31 was $19.4 million.

Wells Fargo names regional manager

Wells Fargo Bank has promoted Samantha Jones to head its commercial banking division in San Diego and Orange counties, overseeing more than 70 professionals based in Anaheim, Irvine, Carlsbad and downtown San Diego.

Daily Digest

International Stem Cell Corp. announced it has completed the required preclinical studies and plans to begin the phase 1/2a clinical study of its cell therapy for the treatment of Parkinson’s disease in Australia within the next few months, and Jack In The Box Inc. announced the release of Buttery Jack burgers, featuring garlic herb butter melted on top of an all-new, quarter-pound signature beef patty and tucked inside Jack’s new gourmet signature bun, according to company announcements, SEC filings and Bloomberg News.

Qualcomm cuts sales forecast on weaker orders, China competition

Mitek names Bill Aulet to board

Other Finance Headlines:

Decoding the jargon of mutual funds: a look from A to E

Few industries slip into jargon as much as the investing world. As quickly as you can give your shoe size, mutual fund managers can rattle off their “active share” or “duration.”

Worker Pay in U.S. Increased at a Slower Pace in Fourth Quarter

(Bloomberg) -- Wages and salaries in the U.S. rose at a slower pace in the fourth quarter, indicating workers have limited success bargaining for pay increases even as the labor market improves.

U.S. Index Futures Fall as Data Show Slower Economic Growth

(Bloomberg) -- U.S. stock-index futures dropped, as the Standard & Poor’s 500 Index heads for its biggest monthly decline in a year, as investors assessed data showing slower economic growth for clues on the timing of higher interest rates.

Amazonís Bezos Delivers Profit While Pledging to Spend More

(Bloomberg) -- Jeff Bezos showed Amazon.com Inc. can still pull out a profit, though the chief executive officer made no promises that he’ll do it again next quarter.

Economy in U.S. Expanded Less Than Forecast in Fourth Quarter

(Bloomberg) -- The economy in the U.S. expanded at a slower pace than forecast in the fourth quarter as cooling business investment, a slump in government outlays and a widening trade gap took some of the luster off the biggest gain in consumer spending in almost nine years.

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