Finance News Archive

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Showing 1-20 of 1516 stories from the past year.

Raytheon is buying cybersecurity company Websense from private equity firm Vista Equity Partners for about $1.9 billion in a move aimed at making defense-grade cyber protection available to commercial companies.

Pedro Flores has joined Mutual of Omaha Bank as a personal banker.

A two-part report has been launched to promote industrial, office and retail development surrounding Gillespie Field in El Cajon and Brown Field in the South Bay.

The San Diego Stock Exchange Index closed higher Monday at 199.88, up 0.99 percent from Friday. Advancing issues beat decliners 59 to 31 and 89 issues were unchanged. Receptos Inc. (Nasdaq: RCPT) was the top dollar gainer, up $2.49 to $169.87. Celladon Corp. (Nasdaq: CLDN) was the top dollar loser, down 85 cents to $15.67. For the complete, updated San Diego Stock Exchange Index visit

BioMed Realty Trust Inc. reported Moody’s Investors Service upgraded its senior ratings to Baa2 from Baa3 and revised the rating outlook to stable, and Cytori Therapeutics Inc.: SEC documents showed Beneficial Owner Kian Thiam Lim sold 600,000 shares at $1.37 per share on April 6, according to company announcements, SEC filings and Bloomberg News.

Mayor Kevin Faulconer said Monday that the city of San Diego has hired investment banker Citigroup (NYSE: C) and law firm Nixon Peabody to assist with developing possible financing options for a potential new stadium for the Chargers.

A good week on Wall Street turned bad Friday as investors once again had a knee-jerk reaction to global economic tensions and completely ignored good news about what is going on here. The Dow industrials plunged nearly 280 points as tensions between Greece and the European Union flared again.

Major Economic Releases

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.

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