Finance News Archive

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Showing 1-20 of 1497 stories from the past year.

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

ParkerVision Inc. plunged after it lost a U.S. appeals court bid to revive at $173 million patent-infringement verdict against Qualcomm Inc. over wireless-network technology.

A Mexican subsidiary of Sempra Energy has agreed to pay Pemex oil company $1.3 billion and assume $170 million in debt to acquire its 50 percent stake in their gas pipeline joint venture.

The San Diego Stock Exchange Index closed higher Friday at 207.27, up .89 percent from Thursday. Advancing issues beat decliners, 63-27, and 84 issues were unchanged.

Two months after lending $10 billion to Qualcomm Inc., bondholders are getting a lesson in the risks of buying the debt of companies with activist shareholders.

More than 500,000 elementary and high school students in San Diego County, not to mention tens of thousands local college students, will be returning to the classrooms soon.

I couldn't help but notice that once again the company 3D Systems Corp. (NYSE: DDD) has fallen to a new 52-week low. Last week it hit a low of $13.54 per share, a level not seen since the year 2010.

So long to July. The dog days of summer on Wall Street can often test the stability of investors. Maybe the heat and humidity put people in a bad mood and, as a result, turn them sour on stocks.

Major Economic Releases

San Diego-based Suneva Medical Inc., a developer of facial skin products, announced the closing of a $15 million equity investment by Almirall Inc., an affiliate of Almirall, S.A., a global pharmaceutical company primarily focused within the therapeutic area of medical dermatology.

San Diego-based Atlas General Holdings and Vanbridge Holdings LLC announced that Vanbridge has made a permanent capital investment in Atlas through its newly formed Vanbridge Strategic Partners division.

The San Diego Stock Exchange Index closed higher Thursday at 205.45, up .44 percent from Wednesday. Declining issues beat advancers, 48 to 38, and 88 issues were unchanged.

Maxwell Technologies Inc.: (Nasdaq: MXWL) announced that it will consolidate U.S. manufacturing operations and may divest microelectronics product line to align cost structure with current forecast, and the Department of Justice announced that NuVasive (Nasdaq: NUVA) agreed to pay $13.5 million to resolve allegations that it caused health care providers to submit false claims to Medicare and Medicaid, according to company announcements, SEC filings and Bloomberg News.

Stocks extended their recent rally yesterday. Despite some sharp selling in a couple of social media companies, Yelp and Twitter, the blue chip stocks rose nicely with the Dow industrials gaining 121 points, making the gain in the past two sessions more than 300 points.

Major Economic Releases

In the business of banking, the most important component of any client relationship is the trust developed between the client and the banker. That’s especially true when it comes to serving the legal community.

If you were the principal at an existing firm, how would you ensure top employees are in it for the long haul? While finding jobs for law school graduates may have been difficult in previous years, a recent New York Times article points to several studies indicating a possible uptick in law school enrollments and job placement after graduation, indicating that competition for legal talent may be on the increase.

Petco Animal Supplies Inc., the pet supplies retailer taken private in a $1.8 billion leveraged buyout in 2006, is interviewing bankers for an initial public offering, people with knowledge of the matter said.

Torrey Pines Bank has hired Derek Adams as vice president, senior relationship manager, it was announced Wednesday.

BioMed Realty Trust Inc. documents showed a net income of $23.6 million, or 11 cents per share, for the quarter ended June 30, and Isis Pharmaceuticals Inc. ISIS 304801 was tied to significant lowering of triglyceride levels in a Phase 2 study of adults with sever or uncontrolled hypertriglyceridemia, according to data published in the New England Journal of Medicine, according to company announcements, SEC filings and Bloomberg News.

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