Finance News Archive

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

Teva Pharmaceutical Industries Ltd. is buying San Diego-based Auspex Pharmaceuticals Inc. for about $3.2 billion in a move to strengthen its position on central nervous system condition treatments.

The San Diego Stock Exchange Index closed higher Monday at 197.09, up 2.89 percent from Friday. Advancing issues beat decliners 62 to 31 and 88 issues were unchanged. Auspex Pharmaceuticals Inc. (Nasdaq: ASPX) was the top dollar gainer, up $29.45 to $100.36. Adamis Pharmaceuticals Corp. (Nasdaq: ADMP) was the top dollar loser, down $1.56 to $3.83. For the complete, updated San Diego Stock Exchange Index visit sddt.com/stocks.

Auspex Pharmaceuticals Inc. reported that Teva Pharmaceutical Industries Ltd. agreed to buy Auspex for about $3.5 billion -- $101 per share-- in cash to gain drugs that curb tics and other movement disorders, and Sempra Energy reported its SDG&E subsidiary was granted a Section 333 approval from the FAA to use unmanned aerial systems, according to company announcements, SEC filings and Bloomberg News.

Winding down the first quarter of 2015. As of Friday, it looked like the first three months of the year would go into the books with the major indexes posting modest declines as stock prices have seesawed through the quarter and the Dow industrials were down just 0.8 percent. Well, what a difference a day can make.

Major Economic Releases

A coalition of 30-some organizations banded together at the start of March to announce the launch of a GoGlobal San Diego campaign aimed at increasing the region’s exports by $6 billion in five years and actively working to attract foreign direct investment -- two areas that a Brookings Institution and JPMorgan Chase report found San Diego performed poorly in. The buzz around foreign trade, while welcomed, was nothing new for Lynn Hijar, founder of iBiz247, a San Diego-based website that compiles information and resources on exporting and importing to anyone around the world, and who has had a hand in the international trade market for years.

Monica Piepenkotter learned her first major lesson in finance in rural Minnesota at the age of 8, when -- like many young kids -- she asked her parents if she could have a horse someday. “They told me I could have whatever I wanted, as long I could finance it,” she says.


Business and professional groups have a range of activities planned this week.

The San Diego County Parks and Recreation Department announced on Thursday new strategies to increase revenue and ensure the department is meeting the needs of residents.

San Diego-based real estate investment trust Realty Income Corp. is being be added to the S&P 500 index.

The San Diego Stock Exchange Index closed higher Friday at 191.55, up 1.74 percent from Thursday. Advancing issues beat decliners 59 to 31 and 91 issues were unchanged. Receptos Inc. (Nasdaq: RCPT) was the top dollar gainer, up $8.44 to $147.43. Vital Therapies Inc. (Nasdaq: VTL) was the top dollar loser, down 51 cents to $25.50. For the complete, updated San Diego Stock Exchange Index visit sddt.com/stocks.

Hardly a year goes by that there isn’t some type of legislation or regulation proposed to address abusive short-term lending programs often referred to as payday loans. This year is no different.

I explained last week that new-home sales — 539,000 on an annual basis — came in far higher than the estimate of 462,000.

Four in a row. Yes, this has not been a stellar week for stocks as the Dow industrials have declined every day this week. Yesterday's loss was just 41 points but a loss is a loss. Still, even with the string of down days, the blue chip index is still off just 0.8 percent since the start of the year.

Major Economic Releases

Every time Susanna P. Starcevic takes on a new client, she starts a new journey.

It doesn't take long when speaking with Anneke Stender, executive vice president of TAG, to notice her deep-seeded passion for her work. "I never come to work thinking, ‘Oh, I'm going to work,'" she said. "I love what I do".

Clients of Sandy Coventry would probably be surprised to know that she overcame great shyness as a youngster to become the gregarious, helpful and dedicated employee benefits consultant she is today with Wateridge Insurance Services.


Home prices are rising, but incomes aren’t keeping pace.

Sempra Energy is planning to create a separate company to hold natural gas and renewable power assets, and then sell shares in an initial public offering.

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