Finance News Archive

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Showing 1-20 of 1558 stories from the past year.

Health care has become one of the largest job sectors in the local economy, employing more than 121,000 and representing 9 percent of the county's labor force, according to a report released Thursday by the National University System Institute for Policy Research.

Stock prices were sharply higher on Thursday as investors had a delayed reaction to the Federal Reserve's report Wednesday suggesting an improving economy.

Neurocrine Biosciences Inc. announced that the FDA has granted Breakthrough Therapy Designation for its Vesicular Monoamine Transporter 2 inhibitor, NBI-98854, in tardive dyskinesia, and Illumina Inc. announced it entered into an agreement with HTG Molecular Diagnostics Inc., under which HTG will have the right to develop certain in-vitro diagnostic test kits that utilize Illumina sequencing technology, according to company announcements, SEC filings and Bloomberg News.

Mitek Systems, a developer of mobile imaging for financial transactions, announced Thursday that more than 3,000 financial institutions have signed for its mobile deposit system, more than doubling the number from last year.

Vical Inc. (NasdaqGS: VICL) announced Thursday morning it lost $4.4 million in the third quarter, or 5 cents per share, which is 1 cent below what Wall Street analysts were projecting, but less than half the $9.9 million it lost in the same period in 2013.

Another Fed flop. Anyone who was expecting fireworks after the Fed announcement yesterday was surely disappointed. that Janet Yellen and her buddies kept very close to the script following the two-day meeting -- which probably could have been done in two hours -- and made no change in policy.

Major Economic Releases

Aethlon Medical Inc. reported it will provide Hemopurifier therapy under FDA compassionate use access provisions to treat ebola virus infection in the U.S., and Digirad Corp.: reported it sent a letter to PDI, Inc. (Nasdaq: PDII) expressing its willingness to acquire the company, according to company announcements, SEC filings and Bloomberg News.

Thomas Jefferson School of Law has signed a restructuring support agreement (RSA) with nearly 90 percent of its bondholders that reduces its debt by two-thirds ($87 million) and reduces annual cash flow obligations by half ($6 million).

Welcome back, 17K. For no apparent reason -- and a bit suprising considering the Fed meeting -- the Dow industrials posted a big gain yesterday, up 188 points and closing back above 17,000 for the first time since Oct. 3.

Major Economic Releases

A big jump in consumer confidence helped push stock prices sharply higher on Tuesday.

The end of October can't come soon enough. Not that it has been a bad month for investors; it just seems to be haunted.

Bio-Matrix Scientific Group Inc. announced that its majority-owned subsidiary Regen BioPharma Inc. is currently identifying potential immunotherapeutic treatments that might have value in treating some of the effects of Ebola in conjunction with other treatments, and Arena Pharmaceuticals Inc. and Eisai Inc. announced that an investigational pilot study demonstrated lorcaserin HCl, a serotonin 2C receptor agonist, when coadministered with phentermine HCl does not appear to be associated with exacerbation of specified adverse events compared to therapy with lorcaserin alone, according to company announcements, SEC filings and Bloomberg News.

San Diego’s Maxwell Technologies was the 10th biggest decline on Nasdaq on Monday, falling nearly 8 percent, according to a top 10 decliners list posted by the Associated Press.

San Diego Chargers center Nick Hardwick is slated to make an appearance at Southwest High School this morning to play a game of football with students -- Financial Football.

Waiting for the Fed. Stocks simply went through the motions yesterday as investors opted to move to the sidelines following last week's huge gains and anticipation over the outcome of the two-day meeting of the Federal Reserve that kicked off this morning.

Major Economic Releases

Stocks were little changed Monday after posting big gains the previous week.

Kratos Defense & Security Solutions Inc. announced multiple orders with a combined value of more than $6.5 million from the U.S. Army Targets Management Office, and Xenonics Holdings Inc. announced that it has been awarded purchase orders valued at about $200,000 for its NightHunter high-intensity illumination devices, according to company announcements, SEC filings and Bloomberg News.

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