Finance News Archive

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Showing 1-20 of 1528 stories from the past year.

The night before the U.S. government announced the Sony hack — which led to the cancellation of "The Interview" debut — was carried out by North Korean state actors, the U.S. Senate adjourned without reauthorizing the not widely known Terrorism Risk Insurance Act.

By just about every measure, the U.S. and local economies are ending 2014 in better shape than most experts expected a year ago. Consumers have flexed their financial muscles and everything from car sales to holiday spending has benefited.

It was a sight to behold. First, let me make a confession. I was actually on the golf course yesterday when the stock market was closing so it was a real shocker when I looked on my phone and saw the Dow industrials had gained 421 points, the biggest one-day gain for the Dow in three years. Not that it came as a surprise.

Major Economic Releases

San Diego-based Bumble Bee Seafoods, North America's largest branded shelf-stable seafood company, has been acquired by Thai Union Frozen Products Public Company Limited (TUF).

San Diego County Credit Union (SDCCU) recently opened a branch in a retail center at one of San Diego’s busiest intersections, Balboa and Genesee avenues.

The San Diego Stock Exchange Index closed higher Thursday at 184.43, up 1.76 percent from Wednesday. Advancing issues beat decliners 69 to 35, and 81 issues were unchanged. Illumina Inc. (Nasdaq: ILMN) was the top dollar gainer, up $6.08 to $187.29. Tandem Diabetes Care Inc. (Nasdaq: TNDM) was the top dollar loser, down 53 cents to $11.10. For the complete, updated San Diego Stock Exchange Index, visit

International Stem Cell Corp. announced that the Court of Justice of the European Union has ruled in favor of International Stem Cell Corp. and that its core technology patent applications are not covered by the prohibition on patenting embryonic stem cells, and Kratos Defense & Security Solutions Inc. announced that its Unmanned Systems Division received a $4.3 million unmanned aerial target drone system contract award from a U.S. government customer to provide logistical support, spares for high-performance unmanned aerial target drone systems, contracted aerial platform repair work and other services, according to company announcements, SEC filings and Bloomberg News.

Santa is back. Yes, after two weeks of skidding stock prices as a result of the plunge in oil prices, investors have decided to bring back the Santa Claus rally. To be sure, Santa got a little help from Janet Yellen and her team of merry economists at the Fed who decided to remain "patient" in making any changes in monetary policy.

Major Economic Releases

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.

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.

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 equipment.

Evan Kovac has joined HFF as a managing director in its San Diego office, specializing in HFF’s national health care practice.

AMN Healthcare Services Inc.: (NYSE: AHS) announced that it will buy Onward Healthcare, Locum Leaders and Medefis from OGH LLC for $82.5 million; and Quidel Corp.: (Nasdaq: QDEL) announced that it received marketing clearance and CLIA waiver by the FDA for its Sofia Strep A+ Fluorescent Immunoassy for the rapid detection of infections by Group A Steptococcus bacteria, according to company announcements, SEC filings and Bloomberg News.

The stock market was just like the weather yesterday, changing all the time. At one point the Dow industrials were up more than 240 points, only to hit the skids and finish with a loss of 112 points. It seems almost impossible to get a handle on things with oil prices making big swings in price as well. Crude traded as low as $53.60 a barrel during yesterday's session, only to close at $55.93.

Major Economic Releases

Torrey Pines Bank has hired Sean Hunt as vice president and real estate loan officer.

Some investors are finding they don’t have to wait until Christmas to open their presents — they’re already getting something extra in their stock stockings.

Cubic Corp. announced the acquisition of DTECH Labs Inc., a leading provider of modular networking and baseband communications equipment based in Sterling, Virginia, for up to $114.5 million, including $15 million of contingent consideration and subject to the terms of the stock purchase agreement, and Auspex Pharmaceuticals Inc. announced topline efficacy and safety results from its Phase 3 registration trial evaluating SD-809 for the treatment of chorea associated with Huntingtonís disease, called First-HD, according to company announcements, SEC filings and Bloomberg News.

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