Scam Diego Entries for July, 2009

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GateHouse Sues Copley for Breach of Contract

GateHouse Media, the severely ailing upstate New York newspaper chain, has sued Copley Press for failure to pay termination benefits ...

AIG Policyholders at Risk, Say NY Times, Local Suit

The New York Times today (July 31) finally stated what intelligent observers already know: policyholders in the multifarious subsidiaries of ...

San Diegans Charged in Alleged Ponzi Scheme

The Securities and Exchange Commission today (July 28) charged two San Diego area men, along with a Mexican citizen and ...

Military Spending Still Bolsters Local Economy

The military poured $14.7 billion in direct spending into San Diego County in 2007, according to the National University System ...

Platinum Equity Loses Bid for Delphi

Platinum Equity, the Beverly Hills buyout firm that owns the Union-Tribune, lost its bid to buy Delphi Corp., the auto ...

SD Home Values Improve Slightly, Still Down 42% from Peak

San Diego home values in May rose 0.4% from April, according to Standard & Poor's/Case-Shiller home price indices released this ...

Local Lead Indicators Rise....BUT

The lead indicators of the San Diego economy, compiled by economist Alan Gin of the University of San Diego, rose ...

Platinum Has No Dreams of Editorial Expansion for U-T, Says Black

In an interview today (July 27) in the Globe and Mail, the national Canadian paper, David Black, investor and adviser ...

Encanto, Otay "Hot" Markets -- Well, Sort of

The Wall Street Journal today ran a list of U.S. zip codes in which home sellers are receiving offers that ...

Qualcomm Disappoints Wall Street in Third Quarter

San Diego wireless tech whiz Qualcomm came in with blah results in its fiscal third quarter, announced today (July 22). ...

Surprise! Newspaper Stocks Leap on Cost Cutting

Newspaper stocks have soared this week, as companies report better earnings, largely from cost-cutting. Today, Media General, owner of Tampa ...

Platinum Deal for Delphi Delayed Again

The auction for assets of bankrupt auto parts maker Delphi was delayed again by the New York bankruptcy court -- ...

New U-T Owners Borrowing against Real Estate

Platinum Equity, the new owners of the Union-Tribune, appear to be borrowing against the properties that they got for below-market ...

Broke State Reaches Budget Deal

California legislators tonight (July 20) reached a deal to close the $26 billion budget gap. According to the New York ...

Former Qualcomm Executive Charged with Insider Trading

The Securities and Exchange Commission today (July 20) charged Andres Leyva, former director of strategic marketing analysis for San Diego's ...

SDCERS Will Look into Looser Accounting

The board of the San Diego City Employees' Retirement System (SDCERS) agreed today (July 17) to look into looser accounting ...

San Diego Unemployment Goes above 10% in June

The unemployment rate in San Diego went into double digits in June, rising to 10.1%, according to the state's Employment ...

Coronado Great for "Rich and Single," Says Money Magazine

In its current edition, Money Magazine lists 25 towns and cities that are the best for those "seeking a sugar ...

El Monte Averts Bankruptcy. Can Oakland Do the Same?

The City of El Monte early this month averted bankruptcy as the four city employee unions, including police, agreed to ...

American Express Put Her $1 Million into Madoff; She Sues

Tijuana resident Maria Akriby Valladolid entrusted $1 million of her money with the San Diego office of American Express Bank ...

La Madrid, Others, Charged Criminally for $30 Million Fraud Case

Matthew (Beau) La Madrid, Lance La Madrid, and Eric Montiel have been charged by the U.S. attorney's office for mail, ...

Union-Tribune Not Laying Off Another 192

My earlier post was wrong. I reported this morning that an Employment Development Department WARN report indicated the Union-Tribune was ...

Union-Tribune May Lay Off Another 192...But There is Confusion

On July 6, the Union-Tribune was scheduled to lay off another 192 employees, according to the Employment Development Department's WARN ...

Ask Parsky about His Offshore Adventures

Rancho Santa Fe moneybags Gerald Parsky is chairperson of a supposedly bipartisan blue-ribbon commission on California taxation. Hardly surprisingly, so-called ...

Biotech's Share Offering Stumbles

Arena Pharmaceuticals, a San Diego biotech, today (July 8) offered 12.5 million shares priced at $4.17 each. The stock had ...

SPAWAR Employees and Contractors Charged with Fraud, Bribery

The U.S. Attorney's office today (July 7) unsealed a 25-count indictment charging six individuals with defense contracting fraud related to ...

U-T Seeking to Rent Part of Headquarters Space

The Union-Tribune has sent a memo to its staff, saying that it is looking into renting out space in its ...

Job Losses Soar; Some Economists Expect Weak Growth for Years

U.S. employers slashed 467,000 jobs in June, far more than the 363,000 economists had expected, the Labor Department reported this ...