Finance News Archive

What a way to usher in a new fiscal year -- the first quarter of 2014 saw venture capital investment at its highest level since the first quarter of 2001, and mergers and acquisitions at their highest quarterly figure since the third quarter of 2000.

Accelrys Inc. reported the availability of two new mobile applications supporting key life sciences workflows and real-time collaboration, and Lrad Corp. reported the receipt of a $760,000 order for LRAD 500X and 1000Xi systems, and accessories for a new customer in Northern Africa, according to company announcements, SEC filings and Bloomberg News.

Sirona Biochem Corp. has retained the services of San Diego Torrey Hills Capital Inc. to provide market awareness and investor relations services.

Vital Therapies Inc. (NASDAQ: VTL) announced Wednesday evening the pricing of its initial public offering of 4.5 million shares of common stock, at a price to the public of $12 per share.

A bullish trifecta. Stocks rose yesterday for the third consecutive session with the Dow industrials gaining 162 points and all the major indexes posting gains of more than 1.0 percent.

Major Economic Releases

Navy Federal Credit Union has opened a new branch at Naval Base Point Loma.

San Diego County Credit Union has announced that Pat Zervic has been named senior vice president of real estate and Carolyn Hatten-Kissick has been named senior vice president of operations and card services.

In a last-ditch attempt to save the San Diego Opera, a group of board members is expected to unveil a proposal Thursday designed to let the company go forward by implementing cost-cutting measures.

Stocks prices were higher again Wednesday after reports showed better-than-expected economic growth in China and a rebound in new-home construction.

Ntn Buzztime Inc. reported it closed its underwritten public offering of 11.1 million shares of its common stock at 55 cents per share for gross proceeds of $6.1 million, and Rf Industries Ltd. reported its board of directors authorized the repurchase of up to 500,000 shares of its common stock, according to company announcements, SEC filings and Bloomberg News.

San Diego-based financial institution software, analytics and data company BrightScope has announced that Chris Riggio has joined the company as chief revenue officer.

The tug of war between the bulls and bears continues. The last few days have seen a high degree of volatility as the markets seesaw trying to find a clear direction.

Major Economic Releases

The gradual improvement of weather across much of the United States has consumers taking their pocketbooks and wallets out of hibernation just in time for a traditional spring event.

Lifevantage Corp.: announced that it acquired a line of sports nutrition products known as Wicked Fast Sports Nutrition, and Zogenix Inc.: announced that it won a federal judge’s order blocking enforcement on its painkiller Zohydro in Massachusetts, according to company announcements, SEC filings and Bloomberg News.

Volatility is back. Stock prices, as measured by the Dow industrials, have posted triple-digit closes in the past five trading sessions, three times dropping more than 100 points and two times gaining more than 100 points. Yesterday was one of the upside moves, although it wasn't easy.

Major Economic Releases

Bankruptcy and transactional finance attorneys Mikel R. Bistrow and Christopher Celentino have joined Ballard Spahr as partners in San Diego, firm officials announced Monday.

Stock prices rose Monday after a report showing a strong rebound in retail sales in March.