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  • U.S. Jobs Rise Sharply but Unemployment Rate Up

    By Don Bauder — May 6, 2011, 6:41 a.m.

    Employment statistics announced by the federal government today (May 6) are a mixed bag, but they are initially pleasing Wall Street, as stock prices soar in early trading. However, it is not clear that the numbers will please Main Street. The nation added 244,000 jobs in April; economists had expected ... 25 comments

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    Vallejo to Emerge from Bankruptcy -- Bruised

    By Don Bauder — May 5, 2011, 10:07 a.m.

    According to a story in the May 4 Wall Street Journal, the city of Vallejo, which entered bankruptcy in 2008, should emerge by July. The city of 120,000 is 30 miles northeast of San Francisco. In the years leading up to the bankruptcy, the city's expenses grew by 11% annually ... 31 comments

  • Bridgepoint Stock Leaps on Huge Profit Gain

    By Don Bauder — May 3, 2011, 7:49 p.m.

    Bridgepoint Education, the controversial for-profit education institution, enjoyed a stock gain of 8.1% to $19.87 today (May 3) as first quarter profits leaped 81% to 92 cents a share. Sales climbed 47% to $229.4 million. Earnings per share will be $2.47 to $2.57 this year. Analysts had predicted $2.26. Bridgepoint ... 18 comments

  • Impasse on Debt Ceiling Could Cost San Diego $15 Billion

    By Don Bauder — May 3, 2011, 6:30 p.m.

    Congress this month will debate the raising of the U.S. debt ceiling. If there is no agreement, the consequences for American finances could be devastating. But local effects could be deleterious, too. W. Erik Bruvold of the National University System Institute for Policy Research says that if there is a ... 4 comments

  • U-T Sues Supplier for Touted "Daily Deal"

    By Don Bauder — May 3, 2011, 11:25 a.m.

    The Union-Tribune has been boasting of the success of its "Daily Deal" promotion, in which it touts steep discounts of 50% and more at businesses. Recently it wrote a purported news story bragging how a deal to give a 60% discount on a summer camp session had generated $366,035. However, ... 14 comments

  • U-T, N.C. Times Report Circulation Figures Under New System

    By Don Bauder — May 3, 2011, 8:15 a.m.

    The Audit Bureau of Circulations (ABC) today (May 3) reported circulation figures for U.S. newspapers. However, ABC has changed its methodology and definitions, and recommends that current figures not be compared to previous numbers. Daily print (Monday-Friday) circulation of the Union-Tribune for the six months ended March 31 was 204,967. ... 9 comments

  • U.S. Kills Osama bin Laden: Reports

    By Don Bauder — May 1, 2011, 8:09 p.m.

    Al Qaeda leader Osama bin Laden has been killed by the U.S. military and positively identified, according to multiple media reports at 8 p.m. West Coast time. He had been hiding out in Pakistan. President Obama is expected to go on TV to give more facts momentarily. 66 comments

  • Ailing Callaway May Buy Conglomerate's Golf Business

    By Don Bauder — April 29, 2011, 8:53 a.m.

    Reuters is reporting that Carlsbad's Callaway Golf, which has just reported poor earnings and prospects, may join with Wall Street's Blackstone Group to buy the golf business of conglomerate Fortune Brands. Fortune announced late last year that it would sell or spin off its golf business, which makes Titleist equipment, ... 19 comments

  • State Bar Yanks License of Carlsbad's Michael Pines

    By Don Bauder — April 28, 2011, 8:47 p.m.

    Michael Pines, the Carlsbad lawyer who has advised clients to break into their homes after they have been foreclosed upon, and sometimes assisted them in the process, lost his license today (April 28) in a hearing before a State Bar judge. The decision is a temporary measure, pending a hearing ... 8 comments

  • Case-Shiller Home Data Dismal -- Even in San Diego

    By Don Bauder — April 26, 2011, 8:05 a.m.

    February home value data from Standard & Poor's/Case-Shiller strongly suggest a coming double-dip nationally. The composite of 20 major metro areas was down 3.3% from February of 2010. "San Diego, which had posted 15 consecutive months of positive annual rates, ended its run with a minus-1.8% rate of change in ... 5 comments

  • Pessimism Worst in Two Years, Says Poll

    By Don Bauder — April 21, 2011, 6:43 p.m.

    The New York Times/CBS poll said today (April 21) that the nation's economic mood has sunk to its lowest in two years. A full 39% think the economy is getting worse -- 13% higher than a month ago. The percentage saying the economy is getting better is 23, and the ... 4 comments

  • Home Prices May Have Bottomed. But...

    By Don Bauder — April 21, 2011, 2:56 p.m.

    Radar Logic, which tracks national home values, notes that San Diego home prices rose 3% from January to February, but were down 4% compared with a year earlier. That was a better performance than most metro areas. The price per square foot of a San Diego home is now $206.94. ... 5 comments

  • Qualcomm Reports Great Earnings, Helps Lift Market

    By Don Bauder — April 20, 2011, 9:03 p.m.

    San Diego-based Qualcomm reported smashing quarterly earnings today (April 20). So did Apple Computer. Qualcomm's chips are inside Apple's iPhone and more than half of all new smartphones based on Google's rival Android system, according to the Associated Press. Smartphones equal smart performance. Qualcomm reported second quarter earnings of 59 ... 13 comments

  • Major League Baseball Will Run Dodgers

    By Don Bauder — April 20, 2011, 7:12 p.m.

    Major League Baseball is taking control of the Los Angeles Dodgers, a once-solid team that is paralyzed by the extremely messy divorce of its owners. As ESPN.com points out, the Dodgers "have been consumed by infighting since Jamie McCourt filed for divorce after 30 years of marriage in October 2009, ... 44 comments

  • Frye Gets Highest Grade on Environmental Voting

    By Don Bauder — April 20, 2011, 12:05 p.m.

    The League of Conservation Voters, San Diego, today (April 20) released its grades for councilmembers and the mayor for 2010. Former 6th District Councilmember Donna Frye got a perfect 100% score and an A+ grade -- the only councilmember to achieve that status. The lowest grade went to District 5"s ... 2 comments

  • Some Copley Retirees May -- Repeat, MAY -- Get Refunds

    By Don Bauder — April 18, 2011, 10:48 a.m.

    In 2006, Copley Newspapers offered an early retirement package to a group of veteran employees. The company warned that if enough people didn't take the offer, there would be layoffs. A sufficient number took the deal. They got 25% of their severance pay in December of 2006 and 75% in ... 29 comments

  • Gores Brothers Finalists in Bidding for Warner Music

    By Don Bauder — April 18, 2011, 6:12 a.m.

    Los Angeles entrepreneurs Alec and Tom Gores are reported this morning (April 18) to be among three final bidders for Warner Music Group. Tom Gores's Platinum Equity owns the Union-Tribune and recently bought the Detroit Pistons basketball team, along with related assets. Brother Alec Gores's Gores Group on April 1 ... 22 comments

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