Finance News Archive

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Showing 1-20 of 1508 stories from the past year.

San Diego companies claimed nearly a third of the $69 million in tax credits doled out in the most recent round of the California Competes Tax Credit program.

A day after Dow Jones’ VentureSource numbers came out, PricewaterhouseCoopers LLP (PwC) released its take on the first-quarter venture capital market with the MoneyTree Report, telling a similar tale: late-stage investment is surging and San Diego is no exception, with a decrease in the number of deals but an increase in funding.

In a time when millennials are getting all the attention, baby boomers have become the forgotten generation. However, the marketing of financial services products to those born immediately after World War II is rampant and drawing the attention of government regulators.

Unfortunately, former San Diego Charger Dwight Freeney has joined a list of star athletes who got burned on his investments.

Sure hope you were watching CNBC early this morning. If you did, you heard some "expert" say the long overdue stock market correction begins today. Some dude named Yacine Kanoun, a portfolio manager from the United Kingdom, said, "Definitely the market is going to correct here," and assured viewers that the S&P will begin its slide today. This is wonderful because we rarely get advance notice for either a rally or correction. Thank you, Yacine.

Major Economic Releases

Nationally, 2015 was off to a bit of a rocky start for venture capital investment and fundraising, according to Dow Jones’ VentureSource data, but San Diego fared better, posting an investment increase of $100 million year over year.

Ntn Buzztime Inc. announced the closing of a three-year revolving credit agreement with East West Bank, expiring April 2018 and consisting of up to $7.5 million of borrowing capacity with a $2.5 accordion feature to provide up to $10 million in total borrowing capacity, and Medicinova Inc. announced it has received Fast Track designation from the FDA for MN-001 (tipelukast) for the treatment of patients with nonalcoholic steatohepatitis with fibrosis, according to company announcements, SEC filings and Bloomberg News.

Stock prices rose for a second day in a row yesterday with the Dow industrials up 76 points and once again trying to build above the 18K level. To be sure, there still is a lack of momentum, one way or the other, for stocks. Perhaps investors are cautiously awaiting reports on first-quarter earnings before jumping into the markets.

Major Economic Releases

Realty Income Corp. (NYSE: O) announced that its board of directors has declared the 538th consecutive common stock monthly dividend in the amount of $0.1895 per share, representing an annualized amount of $2.274 per share

Trade passing through the border at Otay Mesa last year rose 11 percent to a record-breaking $39.4 billion, including $25.5 billion in exports and $13.9 billion in imports, according to data released last week by the Bureau of Transportation Statistics.

Carlsbad-based Callaway Golf Co. (NYSE: ELY) announced Wednesday that the company has appointed Robert K. Julian as its chief financial officer, effective May 11.

The city of El Cajon's sales tax decreased from 9 percent to 8.5 percent with the expiration of Proposition O, and as a result taxpayers will save an average of $245 per household, according to an East County Chamber of Commerce release.

ViaSat Inc.: announced that it received the 2015 Crystal Cabin Award in passenger comfort for its Exede in the Air in-flight, Wi-Fi system; and Aethlon Medical Inc.: announced a cancer clinical trial agreement with the University of California, Irvine, which will enroll 46 subjects in the trial, according to company announcements, SEC filings and Bloomberg News.

The Wall Street waiting game continues. This has been a year with no clear direction for stock prices. It began with a terrible January, followed by a blockbuster February and a so-so March.

Major Economic Releases

San Diego-based Mentor Capital Inc. (OTCQB: MNTR) entered into a contract to receive $1.287 million in funding to support its medical marijuana efforts in exchange for 757,059 shares of stock at $1.70 per share.

It’s not exactly what most would consider a holiday, but the season ending today -- the deadline for filing state and federal income tax returns -- has the potential to be an economic event equal to Easter, St. Patrick’s Day, Valentine’s Day and the Super Bowl combined.

Evoke Pharma Inc. announced it has completed the production of a commercial scale lot of EVK-001, its patented intranasal formulation of metoclopramide, as required by the FDA, and International Stem Cell Corp. announced it has been selected to give a platform presentation on its preclinical studies in Parkinson’s at the 2015 American Academy of Neurology Annual Meeting on April 23, according to company announcements, SEC filings and Bloomberg News.

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