Finance News Archive

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

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.

The on Monday named San Diego drug maker Receptos Inc. (NasdaqGS: RCPT) as one of 20 “surprising stocks that performed best for billionaires in 2014.”

The bulls are back. Just when it looked like the great correction had arrived, along comes the biggest weekly rally of 2014. The Nasdaq was the big winner, up 5.2 percent for the past week, while the S&P 500 rose 4.5 percent and the Dow industrials gained 2.5 percent.

Major Economic Releases

Thanks partly to online competition, the number of bank branches throughout the United States as well as San Diego County shrank last year after five years of stagnation, according to the latest data from the Federal Deposit Insurance Corp.

Business and professional groups around San Diego will host speakers, mixers and expos this week.

For generations, parents have worried their children will have a tough time making it financially in a world that seems fraught with danger. And conventional wisdom says today’s millennials — those between the ages of 18 and 34 — don't have a chance.

San Diego Private Bank reported net profit of $723,000 for the third quarter of 2014. That’s up 58.6 percent from the same quarter last year, and an increase of 21.7 percent over the prior quarter.

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