Finance News Archive

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Showing 1-20 of 1580 stories from the past year.

The San Diego Association of Governments has sold $350 million in tax-exempt, fixed-rate bonds at a 3.85 percent interest rate to finance key transportation projects.

The Federal Deposit Insurance Corporation reported in July that it had seized control of the three branches of GreenChoice Bank in Chicago and transferred depositor assets to Providence Bank.

Say goodbye -- and thank you -- to August. Today will be the last day of trading for a month that has treated investors very nicely, thank you. All of the major indexes are up 3 percent or more and have rallied despite repeated warnings that the end is near.

Major Economic Releases

Mike Krenn, who helped found both Tech Coast Angels and CommNexus, has been tapped to head the San Diego Venture Group, succeeding Dave Titus as its full-time president.

Rising global tensions, especially between Ukraine and Russia, sent stock prices slightly lower Thursday.

Imageware Systems Inc. announced it signed a three-year agreement with a major international retailer to provide its cloud-based, multi-modal biometric identity management product suite running on the Fujitsu Trusted S5 Cloud platform, and ACADIA Pharmaceuticals Inc. announced that the FDA has provisionally accepted the trade name “NUPLAZID” for pimavanserin, according to company announcements, SEC filings and Bloomberg News.

Stocks are losing their momentum. That was the report yesterday from Bloomberg after the close of trading, a day where the Dow industrials rose for the 11th time in the past 14 sessions and the S&P 500 closed at a new record high.

Major Economic Releases

The San Diego Stock Exchange Index closed higher Wednesday at 165.40, up .19 percent from Tuesday. Declining issues beat advancers, 53-49, and 90 issues were unchanged.

Stock prices were little changed Wednesday as trading slowed ahead of the Labor Day weekend.

Ligand Pharmaceuticals-Cl B: (Nasdaq: LGND) announced that partner GlaxoSmithKline (NYSE: GSK) received FDA approval for Promacta/Revolade for use in patients with severe aplastic anemia; and Mind Solutions Inc.: unveiled images of first mobile EEG/BCI device worn on the ear to receive EEG signals, according to company announcements, SEC filings and Bloomberg News.

An important threshold gets crossed. The two-point gain in the S&P 500 index yesterday was hardly anything to write home about. But it was just enough to take the broad-based index to a close above 2,000 for the first time ever. The continued absence of sellers has steadily pushed stock prices up for more than a month and has shattered the old adage “Buy in October, sell in May." The Dow industrials started May at 16,500 and finished yesterday at 17,106. Anyone who followed the conventional wisdom has missed a gain of more than 600 points on the blue chip index. The S&P 500 began May at 1,883 and is now at 2K. Tell that to all the bears who keep begging for a crash.

Major Economic Releases

The San Diego Unified School District is in the midst of an ambitious effort to renovate and, in some cases, rebuild all its 226 educational facilities. The $5 billion project is being funded through a pair of bond measures, Proposition S and Proposition Z, which were passed by voters in 2008 and 2012, respectively. San Diego Unified is the second largest school district in the state -- and one of the largest in the nation -- with 132,000 students and an annual operating budget of $1 billion.

Annalena Thompson had a decision to make after completing her credit training program with a San Diego bank in the mid '90s: go into commercial lending or commercial real estate. She chose the latter and today is one of the few women in commercial real estate in San Diego.

A better-than-expected reading on consumer confidence and durable-goods orders helped move stock prices higher on Tuesday.

2000.02. It is just another number, but how the S&P 500 stock index got there and where it goes is an interesting journey.

Overland Storage Inc. announced the availability of its GuardianOS 7.6 release software in a new desktop form factor network-attached storage platform, and BioMed Realty Trust Inc. announced it signed a new lease with GlycoMimetics Inc. for one building comprising approximately 33,800 square feet at the Center for Life Science|Shady Grove Campus in Rockville, Maryland, according to company announcements, SEC filings and Bloomberg News.

SP2K. Just as Y2K struck fear in the hearts of techies everywhere, fearful the world would end Jan. 1, 2000, bearish investors seem equally afraid of what's in store now that the S&P 500 has broken through the 2,000 barrier.

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