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San Diego News

Mon, Nov 2, 2009
Sempra Energy Foundation has awarded $1 million in grants to 30 nonprofit environmental groups. Thirty organizations were awarded grants of between $25,000 and $50,000.

PERSONAL FINANCE | FINANCE
Wells Fargo Advisors has opened a new branch in Rancho Santa Fe called The Ranch Investment Consulting Group.

Poseidon Resources is asking for an additional $50 million in tax-free bonds from the state to finance construction of the proposed Carlsbad desalination plant.

BIOTECH | FINANCE
La Jolla Pharmaceutical Co. (Nasdaq: LJPC) is struggling to secure enough votes to liquidate the company and has been forced to postpone its stockholder meeting to later this week.

Raytheon Co. Integrated Defense Systems (IDS), San Diego, is being awarded two contracts for a total value of $15,352,919.

Sempra Energy (NYSE: SRE), owner of the largest U.S. natural-gas utility, said Royal Bank of Scotland Group Plc has been informed by the European Commission that it may have to sell its stake in a joint venture between the companies.

San Diego attorney Rick Bergstrom has left his position as co-chair of Morrison & Foerster’s employment & labor practice to join the local office of Jones Day, the firm announced Monday.

Net income for Security Business Bancorp (OTC: SBBC) rose in the third quarter thanks to a smaller provision for loan losses.

A Superior Court judge last week denied a petition by the San Diego Firefighters Union Local 145 that would require the city of San Diego to use overtime play in calculating municipal pension benefits.

Green Star Alternative Energy Inc. (Pink Sheets: GSAE) is working to establish a Record Date and Payment Date for the common shares held by stockholders.

Deniece Duscheone and San Diego-based design and architecture firm S.K.I.N. have been selected to redesign the La Pensione hotel in San Diego’s Little Italy neighborhood.

MEDICAL | FINANCE
San Diego medical device company DexCom Inc. (Nasdaq: DXCM) has received a CE Mark for an automatic glucose monitoring system it co-developed with Irvine, Calif.-based Edwards Lifesciences Corp. (NYSE: EW).

BIOTECH | FINANCE
Ligand Pharmaceuticals Inc. (Nasdaq: LGND) has amended its license agreement with Exelixis Inc. (Nasdaq: EXEL) and is now entitled to receive royalties and a one-time payment.

BIOTECH | FINANCE
Amylin Pharmaceuticals Inc. (Nasdaq: AMLN) says it could potentially receive more than $1 billion from a partnership with Japan's Takeda Pharmaceutical Co. on potential weight-loss treatments. Its shares climbed 7 percent in morning trading Monday.

The solar industry, one of the brightest spots in the local economy, will get an additional boost from the allocation of financing opportunities for nearly 200 solar projects countywide.

A new courthouse site in exchange for seismic liability being considered at the Board of Supervisors Tuesday.

Amylin Pharmaceuticals Inc. announced it has entered into a worldwide exclusive license, development and commercialization agreement with Takeda Pharmaceutical Company Limited to co-develop and commercialize pharmaceutical products for the treatment of obesity and related indications, and St. Bernard Software Inc announced the availability of iPrism 6.4, which boasts a newly designed Web-based user interface and exclusive features including video tutorials integrated directly into the product, according to company announcements, SEC filings and Bloomberg News.

The following "Local Notes" appeared in The Daily Transcript's Nov. 3, 1926, issue:

(Bloomberg) -- Starwood Hotels & Resorts Worldwide Inc. (NYSE: SHO), the third-largest U.S. lodging company, plans to sell its Bliss spa unit for $100 million and cut its annual dividend by 78 percent as the company shores up its balance sheet.

Four leases totaling 20,675 square feet with total consideration of $1.18 million have been signed at Fountain Plaza, a four-building 85,353-square-foot office and corporate headquarters complex in Sorrento Mesa at 6042-6048 Cornerstone Court West, San Diego 92121.


This special report focuses on the players helping to build San Diego -- from general contractors and engineers to prime contractors, subcontractors and suppliers.

Last Updated 11/20/2009
Best Performers
+0.30 
40.00%
+0.04 
40.00%
+0.04 
36.36%
+0.33 
27.50%
+0.01 
25.00%
Worst Performers
-0.04 
-40.00%
-0.02 
-25.00%
-0.02 
-20.00%
-0.05 
-10.00%
-0.07 
-9.86%

Last Updated 11/20/2009
QUALCOMM INC
Mollenkopf Steven M, O, Sold
No. of Shares: 7,449
Date Filed: 11/16/2009

VIASAT INC
Nash Jeffrey M, D, Sold
No. of Shares: 4,225
Date Filed: 11/16/2009

PRICESMART INC
Janks Leon C, D, Options Exercised
No. of Shares: 1,000
Date Filed: 11/17/2009











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