San Diego News

Thu, Aug 9, 2012
SPORTS | FINANCE

An ownership group earlier this week agreed to purchase the San Diego Padres for a reported $800 million. Since then, details on the deal have been scarce, leaving evaluation of the deal to speculation.


BIOTECH | FINANCE

Arena Pharmaceuticals Inc. said Thursday it took a smaller loss in the second quarter after it received a large payment following the approval of its obesity drug Belviq.


A plan to redevelop Chula Vista's waterfront will now become a reality after the California Coastal Commission approved the Chula Vista Bayfront Master Plan on Thursday.


Leap Wireless International Inc. (Nasdaq: LEAP) rallied 15 percent Thursday, the biggest intraday gain since May, as the stock recovered from a post-earnings selloff that dragged down the stock 20 percent over two days.


FINANCE | BIOTECH

Eli Lilly and Co. will book about $790 million in pre-tax income in the third quarter thanks to an early payment from former drug development partner Amylin Pharmaceuticals.


San Diego-based Websense Inc. (Nasdaq: WBSN) has announced general availability of its Triton Mobile Security solution, a cloud-based security service for Apple iOS devices on wireless mobile networks.


Envision Solar International Inc., a sustainable infrastructure product designer and developer based in San Diego, has started development of its solar tree structure in San Leandro, Calif. with EnvisionTrak, Envision's proprietary solar tracking solution.


San Diego-based construction company Ledcor has announced the further expansion of its construction operations in California through the formation of a new entity called Edge Construction LLC.


SPORTS

Golf-industry consolidation is set to continue, according to the head of Adidas AG's TaylorMade brand, as weaker equipment sales and a slowdown in course openings lead smaller businesses into the arms of larger competitors.


Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 42,081 California properties in July, an 11.39 percent decrease from June and 25.11 percent from July 2011, according to RealtyTrac’s U.S. Foreclosure Market Report for July 2012.


MANAGEMENT | FINANCE

We asked William J. Edwards, executive vice president and CFO of Kyocera International Inc. — the headquarters and holding company for six Kyocera enterprises in North America — about the challenges of doing business internationally in today’s economy.


The first quarter of 2012 was a good one for banks nationwide. According to the Federal Deposit Insurance Corp., commercial and savings institutions recorded a combined profit of $35.3 billion for the quarter ended March 31. That’s an improvement of $6.6 billion over net income for the comparable quarter last year.


As summer ends and 2012 winds down, so does the time to take advantage of potentially expiring tax deductions. We asked these San Diego accounting firm executives if there are any significant deductions that are going to expire this year that business owners should be aware of and act on soon.


Aethlon Medical Inc. announced it has agreed to establish a treatment program that will provide Hepatitis C-infected patients with expanded access to Hemopurifier therapy, and Websense Inc announced the general availability of its new Websense TRITON Mobile Security solution, according to company announcements, SEC filings and Bloomberg News.


The following "Local Notes" appeared in The Daily Transcript's Aug. 10, 1998 issue:


The grand opening of Sorrento Terrace, a neighborhood of 71 condominiums above Sorrento Valley by Pardee Homes, will take place on Aug. 25.


Cassidy Turley San Diego announced the $23.15 million sale of the 127-unit Patio Gardens Apartments in Long Beach.



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Thu, Aug 9, 2012
 

contact info: Iam Pam