San Diego News

Fri, Jan 18, 2013

The number of female partners and those in leadership positions in San Diego law firms has increased, but only modestly, according to a recent survey by Lawyers Club of San Diego.


Sales of new autos and light trucks in San Diego County jumped 27 percent last year -- twice the nationwide pace, reflecting easing credit conditions and pent-up demand from drivers who had been staving off purchases during the recession.


Attorneys with the American Civil Liberties Union (ACLU) and the law firm Cooley LLP recently settled a case with the city of Oceanside, helping ensure a local musician's right to play in public.


San Diego County added 19,500 jobs in 2012, experiencing growth in every industry except manufacturing, according to data released Friday by the state Employment Development Department.


TECHNOLOGY | BIOTECH | FINANCE

Life Technologies Corp., a maker of DNA-sequencing equipment and laboratory materials, is in discussions with private-equity firms and health-care companies about a potential sale of the company, according to people familiar with the process.


BIOTECH | FINANCE

Life Technologies Corp., a maker of DNA-sequencing equipment and laboratory materials, rose to its highest-ever value after the hiring of strategic advisers sparked speculation the company may be sold.


Many businesses will be closed on Monday for Martin Luther King Jr. Day. And if your calendar is looking a little empty toward the end of the week, the local business community has stepped in to fill it up.


The unemployment rate in San Diego County was 8.1 percent in December 2012, down from a revised 8.4 percent in November 2012, and below the year-ago estimate of 9.0 percent. This compares with an unadjusted unemployment rate of 9.7 percent for California and 7.6 percent for the nation during the same period.


It's a slow week on the construction front at municipalities, as almost all either have no updates or are not scheduled to meet.


A third straight week of Southern California gas prices in 2013 have brought some unusual pricing patterns for Los Angeles/Long Beach drivers, who are now paying the second-highest average price of any major metropolitan region in the state.


Every developer wants to design a great community, build it to that design with some flexibility, meet all the statutory requirements, sell to people who love living there, make a profit, and move on to the next project. So, how can the developer ensure that those to follow in the leadership of the community will work to enrich the community and uphold their fiduciary duty to maintain and enhance the common areas? The answer lies in finding responsible and trustworthy board members.


San Diego Private Bank is expanding into Orange County.


Alaska Airlines will open a flight attendant base in San Diego on April 1. The airline also said it will begin a new San Diego-to-Boston service on March 29 and flights to Lihue, Kauai, on June 7.


FINANCE | HEALTH | BIOTECH

Investment into U.S. venture-backed companies declined in the fourth quarter of 2012, according to a report released Friday by Dow Jones VentureSource.


San Diego County's growth will likely slow in 2013, especially if the federal government starts cutting the defense budget, according to a forecast released on Thursday by the National University System Institute for Policy Research.


California Center for the Arts President and CEO Jon Teeuwissen has overseen the financial turnarounds of three major institutions in his life -- one in Chicago, one in New Orleans and one at the Escondido arts complex itself.


The following "Local Notes" appeared in The Daily Transcript's Jan. 21, 1993 issue:
Isis Pharmaceuticals Inc. has filed for a secondary public offering of 2.5 million shares of common on stock at $7.75 per share. Isis, developing antisense drugs based on proprietary oligonucleotides, intends to use proceeds of the offering for R&D and other corporate purposes.


Cargo vessels


San Diego and California home resales and prices both posted gains in December, according to the California Association of Realtors (CAR).


Greenfield Estates, a 58-unit apartment property at 501 Greenfield Drive, El Cajon 92021, has been sold for $8 million.


The lessee and lessor of the Deal of the Week were represented by Kyle Clark and Kipp Gstettenbauer, of Cushman & Wakefield.


(Bloomberg) -- Federal Reserve officials in August 2007 saw the beginnings of the crisis in subprime mortgages and concluded that the U.S. economy would be able to withstand it, transcripts from their 2007 meetings show.



Fri, Jan 18, 2013

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