Finance News Archive

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Showing 1-20 of 1489 stories from the past year.

San Diego County's average apartment rents could nearly double between the benchmark years of 2010 and 2020 based on a 40-year history of such trends, according to an apartment broker and former San Diego councilman.

Business and professional groups are planning a range of activities this week.

A federal appeals court in New York on Friday gave a green light to a class action lawsuit accusing San Diego's Encore Capital Group — one of the nation's largest debt collection agencies — of violating state laws on usury through the double-digit interest rates it charges on overdue debts.

The San Diego Stock Exchange Index closed lower Friday at 187.69, down 0.06 percent from Thursday. Advancing issues beat decliners 48 to 42, and 86 issues were unchanged. Illumina Inc. (Nasdaq: ILMN) was the top dollar gainer, up $1.88 to $205.00. Otonomy Inc. (Nasdaq: OTIC) was the top dollar loser, down $6.19 to $24.86. For the complete, updated San Diego Stock Exchange Index visit sddt.com/stocks.

A few weeks ago, I received a call on my radio show about the company Alliance Resource Partners LP. In reality, this is not a company; it is what is known as a “master limited partnership.”

Another record for the S&P 500 yesterday. The broad-based index finished at an all-time high for the 10th time this year as investors realized it will still be some time before the Fed gets around to raising short-term interest rates.

Major Economic Releases


Ray Weamer tells his City National Bank clients that there's a very good reason why an automobile's windshield is a lot bigger than its rear-view mirror.

The San Diego County Employees Retirement Association (SDCERA) on Thursday announced the hiring of investment executive Stephen Sexauer as chief investment officer of the $10.6 billion public pension fund.

The San Diego Stock Exchange Index closed lower Thursday at 187.80, down 0.46 percent from Wednesday. Sixty issues were down, 29 issues were up and 87 issues unchanged. Ligand Pharmaceuticals Inc. (Nasdaq: LGND) was the top dollar gainer, up $2.45 to $89.23. Receptos Inc. (Nasdaq: RCPT) was the top dollar loser, down $3.10 to $160.11. For the complete, updated San Diego Stock Exchange Index visit sddt.com/stocks.

Qualcomm Inc. (Nasdaq: QCOM) has entered into accelerated share repurchase agreements with two financial institutions to repurchase an aggregate of $5 billion of Qualcomm's common stock, with an initial delivery of approximately 57.7 million shares.

It looks like a lot of folks on Wall Street are getting an early start for the Memorial Day weekend. Trading has been very quiet and prices are holding in a tight range with little news to move the markets.

Major Economic Releases


The San Diego Stock Exchange Index closed lower Wednesday at 188.67, down .11 percent from Tuesday. Declining issues beat advancers, 54-37, and 85 issues were unchanged. Isis Pharmaceuticals Inc. (NAsdaq: ISIS) was the top dollar gainer, up $3.35 to $67.56. ViaSat Inc. (Nasdaq: VSAT) was the top dollar loser, down $2.65 to $62. For the complete, updated San Diego Stock Exchange Index, visit sddt.com/stocks.

Lpath Inc. announced that its Phase 2 “Nexus” clinical trial evaluating iSonep in patients with wet age-related macular degeneration did not meet its primary or secondary endpoints; and Regulus Therapeutics Inc. reported that its stock fell as much as 5.7 percent after hepatitis C peer Achillion signs pact with Janssen, according to company announcements, SEC filings and Bloomberg News.

It was only 14 points but that was enough to take the Dow industrials to a new record-closing high yesterday.

Major Economic Releases


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Insider trading has often been called a “victimless crime.”

Novatel Wireless Inc. announced that its latest MiFi brand mobile hotspot, model MiFi 6630, will launch with Bell Mobility on Canada’s largest 4G LTE network this month, and Sorrento Therapeutics Inc. announced a collaboration agreement with Advaxis Inc. to evaluate combinations of Advaxis’s Lm-LLO cancer immunotherapy technology platform, including ADXS-HPV, ADXS-PSA and ADXS-HER2, with Sorrento’s fully human antibodies targeting immune checkpoints, including GITR, 0X40, LAG-3 and TIM-3, according to company announcements, SEC filings and Bloomberg News.

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