Finance News Archive

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

Three in a row. That's the number of times the Dow industrials closed at record highs at the end of last week. Thanks to the continued caution of the Fed to maintain its low-interest rate policy, a huge drop in initial claims for jobless benefits and the IPO of Alibaba, there was plenty to be optimistic about and send the sellers running for cover.

Major Economic Releases

San Diego-basd Guild Mortgage Co. has acquired Comstock Mortgage, a Sacramento-based independent mortgage banking company.

After a brief dip in July, the mood among San Diego business leaders rebounded last month, fueled by growing optimism about revenues at small and mid-sized businesses, according to a monthly business forecast released Friday by the San Diego Regional Chamber of Commerce.

Lpath Inc. (Nasdaq: LPTN) announced Friday that it has entered into definitive agreements to sell 3,605,042 registered shares of common stock and 3,605,042 unregistered warrants in a registered direct offering.

Major Economic Releases

Biocept Inc. announced it has been granted a patent in China for its microfluidic channel technology used to capture Circulating Tumor Cells, and Regulus Therapeutics Inc. announced it has initiated its ATHENA natural history of disease study in patients with Alport syndrome, a life-threatening genetic kidney disease with no approved therapy, according to company announcements, SEC filings and Bloomberg News.

Executive Editor George Chamberlin will return Monday, Sept. 22.

Major Economic Releases

San Diego is touted as the second-largest hub of sports and active-lifestyle companies in the country, and corporate growth panel attendees on Tuesday heard the stories of three homegrown companies that recently completed capital transactions: prAna, SKLZ and Sanuk.

The University of California announced the creation of UC Ventures, an independent fund to pursue investments in UC research-fueled enterprises.

The decision by the Federal Reserve to maintain its policy on short-term interest rates helped move stock prices higher Wednesday.

Isis Pharmaceuticals Inc.: Company earned a $4 million milestone payment from Achaogen tied to start of Phase 3 study of plazomicin in patients with certain steroid multidrug resistant bacterial infections; and Cubic Corp.: has made it easier for commuters in Queensland, Australia, to buy and top up “go cards” used for public transportation by adding 50 more 7-Eleven stores to the retail distribution network, according to company announcements, SEC filings and Bloomberg News.

What, me worry? A few folks out there may remember the comment that appeared with the picture of Alfred E. Newman on the cover of each issue of Mad magazine. Yesterday’s rally of 101 points on the Dow industrials sort of fit that description. After weeks and weeks of media frenzy about what will happen if the Fed decides to unveil its plan for raising short-term interest rates -- most analysts predict financial calamity -- investors decided to just ignore the hype and put money to work in stocks. It's pretty simple: Without any serious threat to inflation, the Fed would be hard-pressed to push up rates and risk cracking a still-fragile economic recovery.

Major Economic Releases

Procopio Cory Hargreaves & Savitch senior counsel Eric Swenson has been named the 2014 recipient of the prestigious V. Judson Klein Award by the taxation section of the State Bar of California.

Whether you’re a small company based in San Diego or a global operation headquartered in New York, the cost of doing business can be seriously inflated by the impact of fraud.

Realty Income Corp. announced the pricing of $250 million of 4.125 percent senior unsecured notes due 2026, and BioMed Realty Trust Inc. announced that its board of directors declared a third quarter 2014 dividend of 25 cents per share of common stock, payable Oct. 15 to stockholders of record at the close of business on Sept. 30, according to company announcements, SEC filings and Bloomberg News.

Waiting on the Fed. As happens before every meeting of the Fed to discuss policy issues, investors are hunkering down in anticipation this could finally be the time a major change occurs.

Major Economic Releases

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