Finance News Archive

EdgeWave, a San Diego-based cybersecurity firm, reports it has closed $6 million in Series A equity funding from TVC Capital, a San Diego-based growth equity firm.

Watching the world. Yesterday was another one of those days when the markets were affected more by events around the world than economic news here at home.

Major Economic Releases

Genetic Engineering and Biotechnology News released its list of the 20 Top-Paid Research Institute Leaders of 2014 on Monday, and San Diego-based researchers claimed seven of the top 20 spots, with four in the top 10.

Stock prices were lower Monday as investors continued to focus on the consequences of global events including the downing of the Malaysia Airlines plane, the rising tension in the Gaza Strip and concern that tension in Ukraine could lead to deeper sanctions against Russia.

Resmed Inc. reported that the International Trade Commission ruling states that Apex is infringing on ResMed’s humidification patents, while Apex reported that its XT series CPAP machine is free from patent claims asserted by ResMed, and Qualcomm Inc. reported a former Qualcomm executive pleaded guilty to using insider information to make $1 million in profit from stock trades in 2010 and 2011, according to company announcements, SEC filings and Bloomberg News.

Every down day is a buying opportunity. That seems to be the way things are on Wall Street these days. Thursday was a tough day as the Dow industrials fell 161 points after the news reports of the crash of the Malaysia Airlines plane and the escalation of attacks in the Gaza Strip.

Major Economic Releases

Comic-Con, new boards and awards will fill up social and business agendas this week.

The city of San Marcos has received more than $1.4 million in Housing Related Parks grant funds from the California Department of Housing and Community Development.

After seven years of slowdown, recession and recovery, California last month finally surpassed the record number of jobs it had before the recession began, thanks to job growth that has been outpacing the rest of the nation, according to data released Friday by the state Employment Development Department.

The U.S. Department of Defense has approved a $34 million grant to modernize two San Diego Unified District schools.

Never underestimate the mind of a person who is capable of committing financial fraud, especially when the targets of the devious deeds are unsuspecting senior citizens.

Last week, the Dow Jones saw another new high. While some companies are very pricey, there is data showing there is more left in upside potential to come. Investors need to be careful what they buy.

Qualcomm Inc. (Nasdaq: QCOM) has announced a quarterly cash dividend of 42 cents per common share, payable on Sept. 24, to stockholders of record at the close of business on Sept. 3.

As is so often the case, stock prices were dragged down yesterday not because of fundamental or technical conditions but because of global events completely unrelated to the economy or corporate earnings.

Major Economic Releases

Venture capital investment in San Diego-based venture-backed companies hit its highest quarterly mark since the third quarter of 2012, with $294.04 million invested in the second quarter of 2014 according to Dow Jones VentureSource.

The financial markets reacted sharply to the news on Thursday that a Malaysia Airlines aircraft had crashed in Ukraine near the border with Russia.

Isis Pharmaceuticals Inc. announced the initiation of a Phase 2 study evaluating ISIS-APO(a)Rx in patients with high lipoprotein (a), an independent risk factor for cardiovascular disease, and Envision Solar International announced it has completed development of its EV ARC Digital Advertising Platform, the world’s first and only transportable, solar powered EV charging station with an integrated digital advertising screen, according to company announcements, SEC filings and Bloomberg News.