Stories for April 2005

Friday, April 29

Diabetes Drug Heads for Market

San Diego-based Amylin Pharmaceuticals Inc. and its pharmaceutical partner, Eli Lilly & Co., announced April 29 that the Food and Drug Administration approved its diabetes drug exenatide for treating Type 2 diabetics.

Water Authority Signs on to Desalination Project

The San Diego County Water Authority board on April 28 approved an agreement with the city of Carlsbad on a plan to develop a $270 million regional seawater desalination plant at the Encina Power Station in Carlsbad.

Krauses Pledge $1M To USD Law School

James C. and Gale Krause have pledged $1 million to the University of San Diego School of Law.

Thursday, April 28

Credit Union Will Sponsor Poinsettia Bowl

San Diego County Credit Union, the area's largest credit union with more than $2.5 billion in assets, was named the title sponsor of the Poinsettia Bowl, the new post-season college football game set to debut at Qualcomm Stadium on Dec. 22.

Titan Sees Revenues Soar

Titan Corp., the San Diego-based communications defense contractor, reported net income of $19 million on revenues of $559 million for the first quarter, compared to net income of $3.1 million on revenues of $454 million for the like period of 2004.

Avanir Lands Novartis Deal; Worth More Than $200M

Shares of Avanir Pharmaceuticals Inc. rose 6.04 percent in early morning trading April 28 after the San Diego-based biotechnology company announced it landed a multimillion-dollar partnership deal with Swiss drug maker Novartis AG to try to develop oral d

Peters to Chair City Council's Transition Committee

San Diego City Councilman Scott Peters was unanimously elected to lead the transition to the strong mayor form of government approved by voters in November 2004.

High-Profile Ad Firms Set Merger Plans

San Diego-based advertising agency owners Tom DiZinno of DiZinno Thompson and Michael Mark of NYCA have announced the two firms will merge.

AMCC Reports Losses for Quarter, Year

Applied Micro Circuits Corp., the San Diego-based maker of high-speed chips used in telecommunications network systems, reported a net loss of $5.3 million on revenues of $64.2 million for its fourth quarter ended March 31.

Wednesday, April 27

Local Semiconductor Company Acquired For $676 M.

Memec, a global distributor of semiconductors that moved its headquarters from London to Carmel Valley two years ago, agreed to be acquired by Avnet Inc. in a deal valued at $676 million.

Median Price of Existing Home Drops

The median price of an existing home sold in San Diego County , including condominiums, town houses and detached housing , continued to slide in March to $490,000 from $495,000 in February.

Tuesday, April 26

Seven New Members Elected to Taxpayers Oversight Committee

The San Diego Association of Governments has selected seven members for the Independent Taxpayers Oversight Committee, a group tasked with monitoring and evaluating the association's use of $14 billion in new TransNet sales tax revenues.

Monday, April 25

Doug Manchester At-a-Glance

Doug Manchester At-a-Glance

Executive Profile: Timothy J. Wollaeger

Timothy Wollaeger, 61, managing director for the top-tiered venture capital firm Sanderling in San Diego, prides himself on two things: His medals from local ocean swim competitions and having a sense of humor.

Progress Report

Sales and Leases

Gamers Wear Their Geekiness on Sleeves

Sean Gailey has taken his passion for computer gaming and tapped into an apparel market that until now has been virtually untouched by other U.S. companies.

San Diego People

Key Hires and Promotions; Awards and Recognition; Philanthropy; Executive Spotlight: Paul S. Metsch

Dessert Maker Entering Her Sweet 17th Year in San Diego

Seventeen years ago, Karen Krasne opened Extraordinary Desserts on Fifth Avenue near Balboa Park. Her enterprise has since grown into a 165-seat operation, with offshoot businesses.

Husband and Wife Team Up To Thrive in Nonstop Business

Dan Sbicca, 47, was working as a San Diego stockbroker when he finally had to admit to himself how much he hated it. Next thing he knew, he was working for $8.50 an hour as a line chef at Pacifica Del Mar in 1990 and, by 1998, he had climbed to the positi

Most Startup Banks Report Robust Growth

San Diego has proven to be fertile , and mostly lucrative , territory for newly chartered financial institutions. From 2000 to 2004, 15 banks were started in San Diego County. That represents 25 percent of all de novo banks formed in California during tha

H.G. Fenton Pays $71.5M for Sabre Springs Apartments

H.G. Fenton recently expanded its apartment portfolio, acquiring Evening Creek and Creek View apartment communities in Sabre Springs for $71.5 million.

San Diego Still in 3rd Place After Stem Cell Vote

A key vote Monday may have hurt San Diego's chances of landing the headquarters of California's stem cell institute, according to San Diego officials.

A World of Opportunities: 1

Patent law booms as S.D.-China deals bloom.

Vical Begins Testing Experimental Vaccine for West Nile Virus

San Diego-based Vical Inc. announced last week that it has started testing an experimental vaccine for West Nile virus in healthy adults.

Old-Time Company Thrives on Boxed-in Feeling

When Doug Williams took over his grandfather's storage and trucking business more than 20 years ago, the company's warehouse was loaded with old-line goods such as steel and tires. But he saw a future in something his grandfather never imagined: storing b

A World of Opportunities: 2

Small S.D. firms look overseas for growth.

Small Business Spotlight: Coast Restaurant Supply, Inc.

Coast Restaurant Supply, Inc.

Activist-Turned-Assemblywoman Grows With Post

Assemblywoman Karen Bass didn't start out with the intention of going to Sacramento. But now that she's there, Bass is among the Democratic legislators taking on Gov. Arnold Schwarzenegger's agenda to "blow up the boxes" of state government.

Manchester Financial To Build a New Resort

Manchester Financial Group Inc., headed by real estate mogul Doug Manchester, plans to build the Grand Del Mar, which could be the last luxury resort built near the county's coastline.

Week in Review

Top Business News: April 15-21, 2005

Bigger Is Not Always Better With PR Firms

Smaller public relations agencies are beginning to dispel the common myth that bigger is better.

Firms Must Fix the Past, Then Look Ahead

Question: I made a mistake with one of my clients. I said I was sorry and let them know it would never happen again. Now what?

Rivalries Belie SoCal's Desire to Draw Visitors

Orange, Los Angeles and San Diego counties are as much rivals for visitors as they are partners in promoting Southern California as a fun zone of theme parks, beaches and shopping.

Battle to Land Stem Cell HQ Intensifies

Like a couple of thoroughbreds sprinting toward the finish line at the Del Mar racetrack, the statewide competition to land the headquarters of California's new stem cell institute is hitting the final stretch.

Sempra Taps Russia

The liquefied natural gas terminal Sempra Energy would like to build off Baja California near San Diego may one day become a North American point of entry for Russian natural gas.

Halozyme Therapeutics

Halozyme Therapeutics At-A-Glance

Firms Find Corporate Wallets Growing Fatter

Having so much money you just don't know what to do with it might not be your problem. But happy days seem to be here again for some businesses. Says one attorney, "It's a great time to be an M & A; lawyer."

San Diego Mayor Announces Resignation

San Diego Mayor Dick Murphy announced Monday that he plans to resign July 15.

Qualcomm Presents Disappointing 2005 Forecast

In the quarter ended March 27, Qualcomm's net income was $532 million, or 31 cents per share, on revenue of $1.37 billion. That represented growth. But the company lowered its earnings forecast.

Nonprofits Play Key Role in S.D. Economy

San Diego's nonprofit organizations play a crucial part in the city's economy, and many are established strictly to strengthen the economy and help entrepreneurs and small businesses succeed.

New Venues Excite Convention, Meeting Planners

Two new tourism venues that are scheduled to come on-line next month may pass under the radar screen for leisure travelers. But as far as convention and meeting planners are concerned, the San Diego Wine & Culinary Center and Harbor Excursions' luxury meg

Establishment Evolves From Social Club to Area Hot Spot

Caf & #233; Sevilla, a Fourth Avenue hot spot, is a success story with humble origins. Back in the late '80s, it was simply a social club for Spaniards in the community, with a tapas bar.

Small-Biz Owners Get A Bit of Recognition

Awards give small business owners a measure of recognition.

Who Is a SoCal Visitor Is Tricky to Establish

Visitor numbers give a good idea of how Southern California's tourism markets stack up. But each city measures the figure in a slightly different way.

Carlsbad Financial Services Firm Hits $1B Mark

Finding an investment niche in the overcrowded financial services industry may be akin to discovering a clear lane on the freeway during rush hour, but Jim Wagner appears to have accomplished that feat.

Approved for Takeoff

What a difference two summers can make in the life of a young biotechnology company. Once-struggling Halozyme Therapeutics Inc. has gained FDA approval for its first product.

Construction Journal

Contract Awards and Construction Milestones

Sustainable Oceans: A Solution for the Seafood Business

Sustainable Oceans: A Solution for the Seafood Business

San Diego Set to Host Two College Bowl Games

San Diego got an early Christmas present last week when the organizers of the Pacific Life Holiday Bowl received approval to host a second college football bowl game.

San Diego Magazine Publisher Heads for Riviera

With the sudden resignation of

For the Record

Business Events Calendar

Appetite for Growth

Restauraunt ventures can have notoriously short lives. But four local restaurateurs , Dan Sbicca and his wife, Susan, Karen Krasne of Extraordinary Desserts and Eric van den Haute of Sevilla, Inc. , are beating the odds.

Austin Not Lost on San Diego

Austin Not Lost on San Diego

Friday, April 22

Cohu Multiplies Net Income By Three

Cohu, Inc., a San Diego-based maker of testing equipment used by the semiconductor manufacturing industry, reported net income of $6.5 million on revenue of $44.4 million for the first quarter.

Pro Bono Project Takes Form April 30

Attorneys and staff from the San Diego office of Baker & McKenzie LLP are volunteering for a day of service on April 30, joining Habitat for Humanity International to build homes at the San Pasqual Band of Indians reservation in Valley Center.

Inland North County Banks Get Together

Community Bancorp, parent firm of Community National Bank in Escondido, announced signing a definitive agreement Friday to buy Rancho Bernardo Community Bank, with a single office and $113 million in assets, for about $33.2 million, or 2.8 times Rancho Be

Real Estate Tax Hike Proposed

The San Diego Regional Chamber of Commerce on Friday unveiled a plan to generate new revenue for the city's crumbling infrastructure. The chamber is proposing a $2 fee per day on all rental car transactions, and an increase in the real estate transfer tax

Thursday, April 21

Adelphia Acquisition Touches North County

National cable companies Time Warner, Inc. and Comcast Corp. have agreed to acquire Adelphia Communications Corp.

Bill Would Let Cal State Universities Give Doctorates

The state Senate Education Committee has approved a bill that would allow the California State University system, including San Diego State University, to go it alone in offering doctorate degrees in audiology, physical therapy and education.

New Sponsor For Marathon

San Diego's biggest running event, the Rock 'n' Roll Marathon, has a new title sponsor, Coca-Cola Zero, replacing the event's only other sponsor, Japanese car manufacturer American Suzuki Motor Corp.

Oceanside Resident Nominated to State Board of Education

Kenneth Noonan, 64, of Oceanside has been appointed by Gov. Arnold Schwarzenegger to the California Board of Education.

Wednesday, April 20

Poinsettia Bowl Set For Dec. 22

San Diego has a new post-season college bowl football game that will be played a week before the Holiday Bowl.

Remec Deal Could Give Shareholders $150M or More

Remec Inc. said in its annual 10K filing that it plans to distribute between $150 million and $200 million to its shareholders following completion of the sale of its defense and space unit to Chelton Microwave.

Qualcomm Trims Forecast

Qualcomm Inc. pared its forecast for fiscal 2005 after the stock market closed Wednesday. Its stock slumped more than 5 percent in after-hours trading.

Dr. John Reed Rebuts Criticism From Bay Area Groups

The Bay Area Council and the Bay Area Economic Forum issued a press release Wednesday calling on Dr. John Reed, president and chief executive officer of La Jolla's Burnham Institute, who is a member of the California Institute for Regenerative Medicine's

Pact Near on Desalination Plant

City of Carlsbad staff and the San Diego County Water Authority have reached a proposed agreement on a $270 million regional seawater desalination facility to be located at the Encina Power Station in Carlsbad.

Tuesday, April 19

Cymer Net Income at $5.39M

Cymer Inc., the San Diego company that makes equipment to create microchips, reported net income of $5.39 million, or 14 cents per diluted share, on revenue of $84.8 million during the first quarter.

San Diego Magazine Publisher Moves On

After three years at the helm of

Group Tours S.D. Stem Cell Site May 1

Six members of the eight-person site selection committee of the California Institute for Regenerative Medicine are expected to come to La Jolla on Sunday, May 1, to inspect the facility that San Diego officials hope will become the permanent headquarters

Condo 'Craze' Drives Apartment Sale Prices

Sale prices for San Diego County apartment properties jumped a record 35 percent last year, according to the Burnham Real Estate annual apartment report.

Phoenix Footwear To Buy Chambers

Phoenix Footwear Group said Tuesday it plans to buy another apparel maker, Chambers Belt Co. of Phoenix, for a combination of cash and stock worth $21.5 million.

SDG & E; To Add Generation On the Roof

San Diego Gas & Electric Co. has filed a request with the California Public Utilities Commission to place solar panels on its roofs and other property to bolster the use of renewable energy resources in the San Diego region.

Synbiotics Moves Toward Private Ownership

Synbiotics Corp., a Carlsbad-based maker of veterinary diagnostics and related products, said it is seeking shareholder approval to go private and deregister its stock from public trading.

Monday, April 18

Port Officials Eye Boosting Import Business

When officials of the San Diego Unified Port District travel to Asia next month, they hope to bring back contracts from some of the California-bound shippers tired of waiting in line to unload at the clogged ports of Los Angeles and Long Beach.

New CEO Attempts to Achieve Delicate Balance

Scott Garrett never got to meet Arnold Beckman. But the newly minted chief executive of the company Beckman founded some 70 years ago calls the late scientist and entrepreneur a role model.

Cost of Hotel Rooms Climbs , For Buyers

At face value, a report that sales of hotels countywide were flat in 2004 doesn't sound encouraging for an overall real estate market many contend has peaked.

Vons Reinventing Itself With Remodeled Stores

Middlebrow Vons is the latest supermarket chain to be spruced up in an effort to take a bite out of the business being generated by specialty grocers such as Whole Foods Market Inc.

New Program Helps Firms Gain Financing Options

The launch of a statewide trade finance initiative this year has increased access for some California firms to financing options for their international transactions.

Last-Minute Changes Can Damage Value of Firms

Last-minute leadership changes can damage the value of a company.

Small Business Spotlight: Xtermite, Inc.

Anna Folkins set out to build a termite control company that removed harmful chemicals from the process.

Words to Do Business By

Doing the right thing in business is getting more attention these days in light of a myriad of accounting scandals that caused the downfall of several large corporations, criminal investigations, and indictments of dozens of top executives.

Saying 'I'm Sorry' Can Help

Question: How do you say I'm sorry in business?

Benefits of Preschool Outweigh The Cost

Benefits of Preschool Outweigh The Cost

Stem Cell Story Getting Major Play in Newspapers

The location for the permanent headquarters of the California Institute for Regenerative Medicine will likely be decided May 6, prompting media outlets across the state to place heavy emphasis on every move leading up to the decision.

For the Record

Business Events Calendar

Sony Sweats The Details At Complex In San Diego

Sony sweats the details at its San Diego computer factory.

New Ventura Foods Chief Aims to Double Size

Richard Mazer has taken over as chief executive of Brea-based Ventura Foods LLC with a goal of making one of Orange County's biggest private companies bigger.

San Diego People

Key Hires and Promotions; Awards and Recognition; Philanthropy; Executive Spotlight: Taylor Stevens

Right Move, Wrong Time

Living Wage: Right Move, Wrong Time

Attorney Is Already Updating His New Book

Andrew Serwin, a partner in the San Diego law office of Foley & Lardner LLP, has published his book, due out April 22, "Internet Marketing Law Handbook," and he's already updating it.

Businesses Push to Solve Parking Problems

Frustration over the lack of parking in San Diego business districts continues to grow. "We have a private parking lot, and it is always full of non-customers," said La Jolla merchant Joan Kuebler. "I've done everything short of getting an armed guard."

March Brings Job Gains

San Diego's unemployment rate for March dropped to 4.3 percent from February's 4.6 percent, as the area added some 8,200 jobs, according to the latest report from the California Employment Development Department.

Fluor Eyeing Panama, Chile Projects

Aliso Viejo engineering company Fluor Corp. is mum on its plans for bidding on big Latin American public works projects, including the anticipated Panama Canal expansion.

Venture Capital Flowing to S.D.

Venture capitalists see a lot of value in San Diego and its life sciences companies. Last year, 126 local companies obtained more than $1.2 billion in seed money, the fifth-largest infusion in the nation.

Orange County Apparel Maker Seeks Expansion

Paul Frank Industries Inc., the Costa Mesa apparel company known for its trademark cartoon monkey and other cheeky designs, is at a pivotal point.

Companies Dealing With Departures of Key Execs

At public companies, a rash of upheaval sweeps through the ranks of CFOs.

Australian Architect Bringing Innovative Design to San Diego

Australian architect Eugene Marchese is a pioneer in San Diego, bringing into the area three projects (for now) as well as ideas for streamlined, neo-modernist designs for future buildings.

Reform Act Is One Way To Cure Malpractice

Reform Act Is One Way To Cure Malpractice

California Should Join the Health Savings Accounts Bandwagon

California Should Join the Health Savings Accounts Bandwagon

S.D. Officials Renew Efforts to Land Stem Cell Headquarters

Last month, when San Diego officials offered a building in the Torrey Pines Science Park as the proposed site of the California Institute for Regenerative Medicine, Mayor Dick Murphy was upbeat about the city's chances of winning the stem cell institute's

San Diego Community Bank Loses SBA Loan Unit

SBA lending is hot, and so are bankers who specialize in Small Business Administration guaranteed loans.

Progress Report

Progress Report: Sales and Leases

CalAmp Buys Skybility

Oxnard-based CalAmp Corp. has acquired Skybility, a privately held Carlsbad company that specializes in embedded cellular transceivers.

Executive Profile: Ray Warren

Ray Warren, general manager of San Diego Marriot Hotel and Marina.

City Seeks To Repair Image on Wall Street

The city's newly released long-term financial forecast is either a long-awaited remedy to San Diego's dire straits, or a dangerous descent into more fiscal chaos.

Printing Firm In a Real Growth Spurt

Instant Imprints, which Leo Kats founded in 1992 as a screen printing store, now has 50 franchised stores across the United States, with 100 additional locations slated for opening.

Time Magazine Frowns; Murphy Defends His Tenure

San Diego Mayor Dick Murphy has been ranked among the nation's worst mayors in the current issue of

S.D. Shipper Helps Drive Cadillac Market in China

A deal between General Motors Corp. and the Pasha Auto Group has paved a new route from San Diego to China for pricey Cadillac sedans and sport utility vehicles.

Construction Journal

Construction Journal: Contract Awards and Construction Milestones

Radio, Ad Execs Wonder Why Star Fell So Abruptly

Not only are listeners baffled by the sudden format change at radio station Star 100.7 KFMB-FM; local advertising executives and radio industry insiders also are scratching their heads.

General Manager Bats Cleanup at Petco Park

In her second season heading up the cleanup crew at Petco Park, Michelle Becerra is not a sports fan. Her concern is what goes on in the stands before and after the game.

Grand Opening of San Ysidro Mall Expansion Set

Philadelphia-based Stoltz Development Co. will hold the opening ceremony for the 190,000-square-foot extension at the Shops at Las Americas on May 20.

Ruling Aids Affordable Housing Developers

A favorable ruling regarding Rancho Santa Fe Village in the city of San Marcos could have repercussions for affordable housing builders throughout the state.

Groups Clock in on Effort to Loosen Overtime Law

Several statewide business groups have launched their attempt to loosen the state's daily overtime law.

Friday, April 15

State Appointment For Wilkes

Brent Wilkes, 50, of Poway has been appointed by Gov. Arnold Schwarzenegger to the California Race Track Leasing Commission.

Petco Stock Falls With Earnings News

Shares of San Diego-based Petco Animal Supplies, Inc. closed at $30.36 Friday, 13.6 percent down from Thursday's closing price, after the company said it erred in estimating its fourth-quarter net earnings.

Water Project Recognized

Olivenhain Dam and Reservoir, a joint project of the San Diego County Water Authority and the Olivenhain Municipal Water District, recently received two major engineering awards.

Thursday, April 14

Median Home Price Locally Is $477,000

The median price paid for a house in Southern California was $439,000 in March, a new record, according to DataQuick, a real estate data provider, based in La Jolla.

DexCom Debuts On Nasdaq

On their first day of trading, shares in DexCom, Inc., a San Diego medical device manufacturer, closed at $11.74 April 14, down from their initial public offering price of $12.

Remec Reports $90.8M Net Loss for Year

Remec Inc., a San Diego maker of equipment for wireless communication systems, reported a net loss of $90.8 million for its fiscal year ended Jan. 31 on revenues of $423.9 million.

Titan Acquires Government Contractor

Titan Corp., the San Diego-based defense contractor specializing in high-tech communications services, signed a definitive agreement to acquire Intelligence Data Systems Inc. of Reston, Va. for $42.5 million in cash.

Wednesday, April 13

Industry Targets Internet2 Song-Swapping

The Recording Industry Association of America filed suit Wednesday against 25 UCSD students who allegedly shared songs using Internet2, a high-capacity telecom network linking research institutions.

Council Narrowly Backs Living Wage

The San Diego City Council late Tuesday ruled that private firms doing business with the city must pay their employees at least $10 per hour.

Sempra to Gauge Pipeline Interest

Sempra Pipelines & Storage, a subsidiary of San Diego-based Sempra Energy, on Wednesday launched an "open season" to solicit market interest in capacity on its proposed Cameron Interstate Pipeline project in Louisiana.

Tuesday, April 12

San Diego Ranked as No. 3 Choice for Stem Cell Effort

A building on Torrey Pines Mesa is among four sites that remain on the California Institute of Regenerative Medicine's list of possible headquarters.

Petco Suspends Certain Bird Sales

Petco Animal Supplies, Inc. said Tuesday that it will no longer sell large birds in its stores as part of an agreement with the animal rights organization People for the Ethical Treatment of Animals.

Legoland Sale Expected By Summer

Lego, the Billund, Denmark-based toymaker that owns the Legoland California theme park, says it expects to sell the Carlsbad venue and its three sister parks in Europe soon.

Border Wait Goes Under Sandag's Microscope

The San Diego Association of Governments recently completed a survey assessing the impacts of delays at San Diego's three ports of entry on the economy of the San Diego-northern Baja California region.

Contractor Reveals Drone's Inaugural Flight

A variant of an unmanned Army aircraft called the Hunter has made its maiden flight.

Monday, April 11

Learning What Customers Want Is Vital

Question: How do I make my business more customer-oriented?

Auditors Raise Concerns About Two Firms

Two Carlsbad public companies were notified by their external auditors about the ability of the companies to continue as a "going concern," raising doubts of the firms' continued viability. But at least for one firm, it's old news.

Visitor Count Flowers After Winter Showers

Visitor count flowers after winter showers.

It's Botox at the Mall as 'Medispas' Mushroom

Firm plans to open plastic surgery spas at some San Diego locations this year.

Two Discount Airlines Launch S.D. Flights

Two new discount-fare airlines, Independence Air and WestJet, will soon line up on Lindbergh Field's runway to get their share of the airport's fast-growing passenger market.

Construction Journal

Contract Awards and Construction Milestones

Billy Goat Tavern Eyes Petco Park Area

The owners of Chicago's legendary downtown haunt, the Billy Goat Tavern, have been considering expanding to San Diego's ballpark district.

San Diego People

Key Hires and Promotions; Awards and Recognition; Executive Spotlight: Ramona Cyr

Bailey Gardiner Promotes High-Profile Clients

Local integrated marketing agency Bailey Gardiner Inc. is busy these days as the San Diego agency gets to work with several high-profile clients.

Locals to Get Preview Of Diamond View

Cisterra Partners LLC will offer a novel way to simulate the view from the yet-to-be-built DiamondView Tower.

For the Record

Business Events Calendar

A Flood of Concerns About Water

The heavy winter rains haven't washed away all the water worries of San Diego County's $1.3 billion agricultural industry, as it heads into the high-demand summer. Citrus growers especially are struggling to keep their heads above water.

VCs Flock to San Diego

San Diego shines bright in the latest MoneyTree Survey, a measure of venture capital investment conducted by Pricewaterhouse Coopers, Thomson Venture Economics and the National Venture Capital Assn.

Many College Students Required to Have Insurance

For years, colleges have offered health care service at student health centers. Now many are requiring students to carry their own health care insurance.

KNSD Speaks a New Language

NBC affiliate KNSD 7/39 quietly introduced its independent Spanish-language station, Mi San Diego TV 43, on April 8 with the San Diego Padres' second home game of the season.

Some Firms Are Warming Up to Sarbanes-Oxley

A recent study by Foley & Lardner LLP shows nonprofit organizations and for-profit private companies are embracing Sarbanes-Oxley. Consider it a combination of altruism and enlightened self-interest.

Schools Devote Too Much Time, Funds to Activities

Schools Devote Too Much Time, Funds to Activities

Local Director Wins Health Care Award

Gary J. Rossio, director of the Veterans Affairs San Diego Healthcare System, has been recognized for his exemplary leadership and creative management with a first-time award.

Progress Report

Sales and Leases

Executive Profile: Louis G. Kelly

Lou Kelly has one foot in the private sector and the other in the public sector.

Class II Machines Among Topics at Tribal Gaming Meeting

American Indian tribes that run casinos, and the people they employ, converge on San Diego this week to discuss Class II machines and other fine points of tribal gaming in 2005.

Large REITs Buy Sorrento Mesa Parcels

Sorrento Mesa's office property market has garnered enough attention since January to prompt at least one observer to declare that the area has bounced back and reinvented itself.

Airport Authority: We'll Wait for BRAC

The agency that oversees the San Diego International Airport announced Monday that it will hold off studying any of the county's military bases as possible commercial airport sites until the federal government's base realignment and closure process (BRAC)

New Gold Rush Emerging In the Local Tech Scene?

April 2005 feels different than the year the Nasdaq peaked.

Dueling Attorneys Benefit No One

Dueling Attorneys Benefit No One

New Firm Helps Pros Achieve Life Balance

Karen Watson gave up her management career to become a personal trainer.

Sales for S.D. Franchise Keep Rising

Dave Haug's franchise is unique in California, while businesses throughout the West are thinking expansion.

GM to Ship Autos Through Port

The Pasha Group has signed a deal with General Motors to process Cadillac CTS and SRX models bound for Shanghai, China.

CSU Schools May Confer Doctorate Degrees

Proposed legislation that would allow San Diego State University, Cal State San Marcos and 21 other campuses throughout the CSU system to independently offer doctorate degrees has prompted a turf war with the University of California system.

Hartnack Leaves Union Bank for U.S. Bancorp

For Rick Hartnack, the move from Union Bank of California, where he was one of three vice chairmen, to U.S. Bancorp was one that made perfect sense.

Asia's Cohesion Could Spell Trouble for U.S. Markets

Asia's Cohesion Could Spell Trouble for U.S. Markets

High-Tech Health Care

The wireless industry has given us features that allow cell phones to link to the Internet, place calls and take pictures. Now it wants to give us devices that can keep track of, diagnose and monitor our health.

Small Business Spotlight: Window Factory, Inc.

One of the largest manufacturers of vinyl windows that sells directly to the public, San Diego-based Window Factory, Inc. has been growing its business since its founding eight years ago.

S.D.-Based Mortgage Lender Names New Executive

Accredited Home Lenders Holding Co. names executive vice president.

Anatomy of a Banking Merger

Landmark and Legacy executives put a deal together over lunches at the La Valencia Hotel.

Friday, April 8

Cross Issue Returns to City Hall

A group that supports retaining the Mount Soledad cross at its current location submitted a petition signed by 89,237 people to the San Diego city clerk Thursday, seeking to reverse a March City Council decision.

SDG & E; Sideline: Utility Plants 734 Trees

SDG & E; has been named a Tree Line Utility for the third year in a row.

UCSD Lacks Funds to Rebuild Chancellor's Home

UC San Diego will not be able to raise the $7.2 million needed to rebuild the chancellor's ocean-view mansion that was closed last summer due to structural and seismic code deficiencies.

Dredging Project Replenishes Beach Sand

The U.S. Army Corps of Engineers will begin dredging in Oceanside Harbor in mid-April.

SAIC Increases Stock Price

Directors at Science Applications International Corp. set the price of the company's Class A common stock today at $42.27 per share.

Peregrine Finally Files Financials

Peregrine Systems, the San Diego software maker, reported quarterly results for the period ended Sept. 30. The lag in reporting financials was due to the company's emergence from bankruptcy and adopting a "fresh start" in its accounting.

Thursday, April 7

Median-Priced House Stays in $580,000 Range

San Diego remained one of the least affordable regions in which to live in California, according to the housing affordability index for February, released by the California Association of Realtors today.

Governor Names Three To Bench

Gov. Arnold Schwarzenegger has made three appointments to the San Diego Superior Court bench.

Halozyme to Get Priority Review

Shares of Sorrento Valley-based biotechnology company Halozyme Therapeutics Inc. hovered at $1.80 in early morning trading today, one day after the firm announced that the Food and Drug Administration granted its enzyme product Enhanze SC priority review

Legislation Addresses Surplus Energy Sale

A state Senate bill that increases the net metering cap for San Diego Gas & Electric Co. has been passed unanimously out of the Senate Committee on Energy, Utilities and Communications.

Wednesday, April 6

Williams-Sonoma Transplants West Elm Concept

Williams-Sonoma, Inc. announced that the opening of its first West Elm store in San Diego will take place on April 21 in Mission Valley.

Bye, Star: KFMB-FM Has New Format

Local radio station KFMB-FM 100.7, commonly known as Star 100.7, changed its format as of 10 a.m. Wednesday. The station now known as 100.7 Jack-FM flipped from an adult contemporary station to an adult hits format.

Gas Prices Constitute Emergency, Group Says

The Utility Consumers' Action Network, a San Diego-based consumer watchdog, on Wednesday called on Gov. Arnold Schwarzenegger to declare a state of emergency in the wake of recording-setting gasoline prices.

AMS to Leave Big Board

Advanced Marketing Services Inc., the San Diego-based distributor of books to club warehouse stores, said trading of the company's stock will be suspended from the New York Stock Exchange beginning April 19 after the firm's request for a three-month exten

Assets Nearly Double at San Diego Trust

San Diego Trust Bank, with one office in Bankers Hill, reported net income of $63,000 for the first quarter, up from $23,000 in the fourth quarter.

Mann On Board

Margaret M. Mann, a shareholder in the San Diego office of Heller Ehrman LLP, has been inducted as a fellow of the American College of Bankruptcy.

Tuesday, April 5

Active Network Takes On Public Enterprise

The Active Network, a La Jolla-based provider of registration services to participatory sports events and other activities, said this week it has acquired Public Enterprise Group of Huntington Beach.

Ostrem Chairs Committee

Bill Ostrem, president and CEO of the EastLake Co., will take over as chairman for the residential real estate committee of the Burnham-Moores Center for Real Estate at the University of San Diego.

10-Acre Sale Is a First at Bressi Ranch

The first parcel of land at the Bressi Ranch Corporate Center, a 132-acre, mixed-use business park project in Carlsbad, has been sold.

State Power Pact Is No Cure-All

Gov. Arnold Schwarzenegger has announced an agreement with Wyoming, Utah and Nevada that will create a four-state partnership for the development of the "Frontier Line" to boost electricity transmission.

Monday, April 4

All the More Reason to Salute S.D.

All the More Reason to Salute San Diego

LBA Buys Office and Industrial Buildings

The San Diego office of Irvine-based LBA Realty, a real estate investment and management company, announced Monday that it had acquired two properties in the San Diego market for a total of $29.5 million.

Location Helps Make City A Concert Destination

When it comes to launching a world concert tour, it's mainly about location, and San Diego's proximity to Los Angeles has helped make the ipayOne Center a starting point for two of the biggest names in music in the last 13 months.

Petco's Double Play: 1

Redevelopment in Downtown's ballpark district produces some small-business winners and losers.

San Diego People

Key Hires and Promotions; Awards and Recognition; Executive Spotlight: Raymond Huggenberger

San Diego Tourism Meeting Postponed Until Fall

A summit of tourism industry executives has been postponed until fall so city officials can join in, too. "The idea is to develop a plan for marketing the destination five, 10 and 15 years out," said Joyce Gattas of ConVis.

Of Conspiracy Theories and North Korea

Of Conspiracy Theories and North Korea

Small Business Spotlight: Fuscoe Engineering-San Diego Inc.

Fuscoe Engineering-San Diego Inc. has worked to form a seamless blend between the environment and development.

Urchin Is Acquired By Google in Pricey Deal

Urchin Software Corp., a Web analytics company that began life as a Web development house in a small room in Solana Beach, announced last week that it has agreed to be acquired by Google Inc.

Ewell Extends Stay Six Months

San Diego City Manager Lamont Ewell has delayed his planned resignation six months to Dec. 31 to help resolve the many financial problems that have plagued the city.

Large Firms Push For Unified Voice On Energy Issues

San Diego's big energy users may get a reprieve this summer from higher electricity rates. Yet some are calling for local companies to unite and shake things up in San Francisco and Sacramento.

Former AMS Executive Pleads Guilty to Wire Fraud

It's been nearly two years since a team of FBI agents raided the Sorrento Mesa offices of Advanced Marketing Services, carting off dozens of files, but federal prosecutors still haven't finished up their probe.

Airport Panel Delays Vote On Shuttle Fee

Bowing to protests against a proposed $2 fee on cabs and shuttles each time they pick up passengers at Lindbergh Field, a committee of the agency overseeing the airport's finances and operations tabled the matter for at least 18 months.

Don't Saddle Oil Companies for High Price of Gas

Don't Saddle Oil Companies for High Price of Gas

Two Home-Loan Programs Make Debut

The California Housing Finance Agency, based in Sacramento, announced two new programs intended to increase home ownership throughout the state.

Executive Profile: Sheila Fox

For the last 25 years, Sheila Fox has been a prominent professional in San Diego's advertising industry.

Lawyering and Ethics? Author Says It's Possible

Author David Wexler describes therapeutic jurisprudence as "how you can do judging and lawyering with an ethic of care."

Construction Journal

Construction Journal: Contract Awards and Construction Milestones

Self-Evaluation Is Tough Task for CEOs

Am I the right chief executive officer for my company? This question is probably the most difficult one for a CEO to answer.

Expanding Their Services

While the common perception is that restaurants and bars in chain hotels are more a convenience for guests than a place for locals to party and hang out, some full-service San Diego establishments are working to change that impression.

Groups Seek to Add Work-Force Housing

Group seeks novel solution to work-force housing.

Building Owners, Farmers May Feel Energy Pinch

Blackouts aren't expected this summer, but some big energy users are preparing just in case.

Restaurant Chain Cooks Up Plan for San Diego

Houlihan's Restaurants Inc., a fast-growing chain of casual, full-service eateries, is targeting San Diego for a push into California.

Patriot Scientific Revenues Grow

Patriot Scientific Corp., a San Diego firm that holds a variety of patents on microprocessors, reported a net loss for the nine months ended Feb. 28 of $1.5 million on revenues of $2.9 million, compared to a net loss of $3 million on revenues of $66,584 f

Black to Lead Encore Capital

Encore Capital Group, Inc., a San Diego-based buyer and collector of delinquent credit card debt, said J. Brandon Black, Encore's current president and chief operating officer, will succeed CEO Carl Gregory effective Oct. 3.

The Cost of Being Public Takes Its Toll

Yet another small, publicly traded company decided it can't afford to stay public any longer.

Tech Wreck Sends Iomega in a New Direction

When the market for Zip drives lost its zip, causing revenues at San Diego-based Iomega Corp. to go into a free-fall, CEO Werner Heid didn't panic. Instead, he devised a strategy of creating new products.

Christmas Film Inspires Business Owner

San Diegan Brian Jones owns Red Rider Leg Lamps, which has been producing and selling a distinct type of lamp since its inception in 2003.

SAIC Has $7.2 Billion Year

Science Applications International Corp., the San Diego-based defense technology company, reported net income of $409 million on revenue of $7.2 billion for its 2005 fiscal year, ended Jan. 31.

Real Estate Group Seeks Political Stage

The time has arrived for the San Diego-based National Association of Hispanic Real Estate Professionals to enter the political beltway.

New Carrier Boasts Nonstop D.C. Flights

Discount-fare airline Independence Air will soon make a push into California, beginning with direct flights between Washington Dulles International Airport and Lindbergh Field.

For the Record

Business Events Calendar

Progress Report

Progress Report: Sales and Leases

Tax Collected, Not Disbursed for E-Recycling

Three months into an electronic waste recycling tax on consumers, the state has yet to receive a dime from retailers, nor has it paid out any money to recycling firms.

Petco's Double Play: 2

Construction is booming and land prices are soaring near Petco Park.

San Diego Companies Move Higher in Fortune 500 Ranking

The three San Diego companies in the Fortune 500 rank higher on the 2005 list than they do on Fortune's 2004 list.

Friday, April 1

Acquisition Expands Fiserv's Local Presence

Fiserv, Inc., a publicly traded company from Wisconsin, has closed its acquisition of Del Mar Database, a company that makes software for small to midsize residential mortgage lenders. Terms of the deal were not disclosed.

Dynal Now Part of Invitrogen

Dynal Biotech of Norway is now a wholly owned subsidiary of Invitrogen Corp., the Carlsbad company announced Friday.