Blogs
Scam Diego
-
SDCERA Loses Amaranth Decision, Will Appeal
By Don Bauder - March 18, 2010, 5:19 p.m.
U.S. District Court for the Southern District of New York has dismissed a securities fraud lawsuit filed in 2007 by the San Diego County Employees Retirement Association (SDCERA) against Amaranth Advisors, a hedge fund that collapsed. SDCERA invested $175 million in Amaranth and got $90 million back. It hopes to ...
-
Sempra Gives the Boot to 90 Employees
By Don Bauder - March 17, 2010, 8:26 p.m.
Sempra Energy announced Monday (March 15) that 90 jobs are being eliminated in a corporate-wide reorganization. The lost jobs include some at Sempra Energy, the U.S. parent, and at the parent's member utilities (such as San Diego Gas & Electric). Most areas of the company were not impacted, the company ...
-
Woman's Business Magazine Sputters, Vows Recovery
By Don Bauder - March 16, 2010, 3:45 p.m.
"San Diego Business Woman Magazine," which bills itself as a "very high end lifestyle magazine focusing on the needs and desires of women here in San Diego," is well behind schedule, but promises it will catch up and pay the money it owes. The first edition was supposed to come ...
-
Sequenom on Roller Coaster Again
By Don Bauder - March 16, 2010, 12:13 p.m.
Stock of San Diego biotech Sequenom is back on a roller coaster. Today (March 16) it is down 21.52% to $6.09 on disappointment with its fourth quarter losses. The company lost $18.4 million or 36 cents a share compared with a loss of $15.4 million or 25 cents a year ...
-
Little Italy Scamsters Offering up to 96% Headed to Prison
By Don Bauder - March 15, 2010, 10:49 p.m.
Richard Habib and Luis Madrid were sentenced today (March 15) for their role in a scam that promised investors annual returns of 14% to 96%. They headed Corporate Funding Financial of America, which said it could develop profitable commercial and residential projects in Little Italy. Madrid got 96 months and ...
-
Amylin Stock Leaps on FDA Notice
By Don Bauder - March 15, 2010, 2:34 p.m.
Stock of biotech Amylin soared 16% to $23.50 today (March 15) as the Food and Drug Administration sent the company a letter that Wall Street considered positive. Amylin is developing a drug for diabetes named Bydureon. The FDA's letter did not ask for additional tests, but focused on labeling questions ...
-
Fundamentalist Group Wants to Reform Court System
By Don Bauder - March 14, 2010, 11:23 a.m.
Religious right activists have organized to take control of the court system "across San Diego County and eventually America," according to "digbysblog.blogspot.com." The group, called "Better Courts Now," has been written up on other blogs such as "Right Wing Watch," as well as blogs that favor the activity. Assemblyman Joel ...
-
Padres Have Zero Chance to Make Playoffs?
By Don Bauder - March 13, 2010, 8:02 a.m.
On the back page of the Personal Journal section of Thursday's (March 11) Wall Street Journal is a great big "0%" headline in red. Underneath is the copy: "The percentage that the San Diego Padres, Washington Nationals, Cleveland Indians or Pittsburgh Pirates will make the Major League Baseball playoffs this ...
-
Illumina Sequences Actress Close's DNA
By Don Bauder - March 11, 2010, 1:00 p.m.
Score a publicity coup for San Diego biotech Illumina. Today (March 11) it revealed that it has sequenced the DNA of actress Glenn Close, who becomes the first publicly named female to have her DNA sequenced to full coverage. Close has been active in mental health issues, particularly in trying ...
-
San Diego Unemployment Rate Leaps to 11%
By Don Bauder - March 10, 2010, 12:46 p.m.
The unemployment rate for San Diego County in January jumped to 11% from a revised 10.3% in December, according to delayed data from the California Employment Development Department. This compares with 13.2% in California and 10.6% nationally for the comparable period. The county lost 17,400 jobs in the month. A ...
-
PSA Test for Prostate Cancer "Disaster," Says Scientist
By Don Bauder - March 10, 2010, 6:10 a.m.
In today's (March 10) New York Times, Prof. Richard J. Ablin of the University of Arizona College of Medicine declares that that so-called P.S.A. screening for prostate cancer "has led to a hugely expensive public health disaster." Ablin says he discovered P.S.A. in 1970. The annual bill for P.S.A. screening ...
-
Questions Abound in City's Planned Refunding of Stadium Bonds
By Don Bauder - March 7, 2010, 3:58 p.m.
The city council is being asked Tuesday to approve the refunding of $185 million of lease revenue bonds, including the 1996 Qualcomm Stadium bonds. (The facility was then named Jack Murphy Stadium.) The outstanding principal on those bonds is $54.7 million. They mature in 2027. Should the Chargers depart, they ...
-
San Diego 9th Most Popular Retirement Location
By Don Bauder - March 3, 2010, 12:47 p.m.
TopRetirements.com is out with a list of the 100 most popular retirement towns for 2010. San Diego is listed ninth. It's based on the number of online visits. John Brady, editor of the second edition of "100 Best Retirement Towns" says San Diego has "the most perfect weather in the ...
-
Work for a Government and Rake in Bucks
By Don Bauder - March 2, 2010, 3:54 p.m.
State and local employees receive 34% higher wages on average than workers in the private sector, and the government workers' fringe benefits are 70% higher than those in private industry. This is one of the stunning revelations in a new study by New Jersey economist A. Gary Shilling. Last year, ...
-
Qualcomm Stock Soars on Higher Forecasts
By Don Bauder - March 2, 2010, 12:31 p.m.
Stock of telecom superstar Qualcomm is up 6.86% to $38 this afternoon (March 2) as the company at its annual meeting announced that both quarterly sales and earnings would be higher than earlier expected, according to Reuters. The stock is the biggest gainer on the Standard & Poor's 500. Second ...
-
Sequenom Stock Zooming Again
By Don Bauder - March 2, 2010, 8:52 a.m.
Shares of biotech Sequenom are up 23.12% to $8.52 this morning. The stock has almost doubled in the last month; it closed at $4.32 Feb. 2. Today (March 2) analyst Pamela Bassett of Cantor Fitzgerald raised her rating of the stock to a buy from a hold and raised her ...
-
Local Lead Indicators Continue Rising
By Don Bauder - February 26, 2010, 6:12 a.m.
The lead indicators of the San Diego economy, compiled by Alan Gin of the University of San Diego, continued to rise in January, hitting 107.9 from 107.2 in December. Building permits, initial unemployment claims, stock prices, help-wanted advertising and the national economy moved in favorable directions. Consumer confidence went in ...
-
Union Charges U-T Owner with Unlawful Surveillance
By Don Bauder - February 25, 2010, 8:03 p.m.
Local 546-M of the Graphic Communications Conference of the Teamsters union yesterday (Feb. 24) filed a complaint with the National Labor Relations Board over activities of Platinum Equity, Beverly Hills-based owner of the Union-Tribune. According to the complaint, union members on both Feb. 22 and 23 went to Platinum's office ...
-
Local Housing Values Up, but Pace of Gain Slowing
By Don Bauder - February 23, 2010, 1:40 p.m.
San Diego County housing values rose 0.1% from November to December, according to the Standard & Poor/s Case-Shiller Home Price Index, released today (Feb. 23). Of the top 20 metro markets, San Diego was one of only four to register a gain in December. However, values had gained 0.4% in ...
-
Senturia's News Network Raises $3.18 Million
By Don Bauder - February 22, 2010, 11:37 a.m.
U.S. Local News Network, parent of San Diego News Network, an online publication, has raised $3.18 million from investors, according to a recent filing with the Securities and Exchange Commission. Proceeds will be used to finance its expansion into other markets. Last September, the company's chief executive, Neil Senturia, announced ...
- « View Older Scam Diego Posts
- View Newer Scam Diego Posts »
