Raider Icahn Sues Biotech Amylin
Billionaire corporate raider Carl Icahn, who owns 8.94% of local biotech Amylin Pharmaceuticals, sued Amylin today (April 9) in Delaware to block the company from enforcing a bylaw that effectively thwarts a proxy fight that could result in a takeover. …
Qualcomm's Jacobs Raked in $21.7 Million Last Year
Paul E. Jacobs, chief executive of Qualcomm, was among the 50 highest-paid chief executive officers (CEOs) last year, according to today's (April 8) New York Times. Jacobs, son of Qualcomm's co-founder, raked in $21.7 million, topping the median pay of …
Jobs Growth Sharply Lower Than Expectations
The United States economy added only 120,000 nonfarm jobs in March, half of the 240,000 added in February, and down sharply from economists' expectations of 205,000 jobs, the Labor Department said this morning (April 6). The unemployment rate dropped to …
Disabilities Act Lawyer Suspended Temporarily
Attorney Theodore Arthur Pinnock, who has filed more than 2,000 lawsuits against San Diego County businesses for violations of the Americans with Disabilities Act, was suspended for 90 days by the California State Bar on Jan. 27. The suspension did …
UCAN Board Members Claimed Under Oath Group Has No Members
Phillip Moskal, a former employee of Utility Consumers' Action Network (UCAN) and a long-time member, filed a complaint with the California Public Utilities Commission this morning (April 2) stating that the network may have lost its standing to intervene in …
Seven Plead Guilty to Military Contracting Fraud
Four North Island naval officials and three defense contractors today (March 28) pleaded guilty to a contracting fraud. Navy officials Donald Vangundy, Kiet Luc, David Lindsay, and Brian Delaney received more than $1 million of gifts from the contractors, according …
Amylin Stock Soars
Stock of biotech Amylin Pharmaceuticals is up 48.15% this morning (March 28) to $22.80 on a report of an old takeover offer. Bloomberg News reported this morning that giant pharmaceutical Bristol-Myers Squibb had offered to buy Amylin for $22 a …
San Diego Home Values Keep Falling
San Diego County home values sank 1.1% in January from December of last year, according to Standard & Poor's Case-Shiller data released this morning (March 27). San Diego's 1.1% decline was worse than the 0.8% drop of the largest 20 …
Fed Manipulates Stocks Again
If you have ever doubted that Wall Street is thriving on Main Street's pain, think about today's (March 26) stock market action. Federal Reserve head Ben Bernanke is manipulating stocks upward once again -- something he has been doing for …
Kipperman Named UCAN Receiver
Superior Court John S. Meyer today (March 23) named Richard Kipperman to be receiver of Utility Consumers' Action Network, the beleaguered watchdog that is under investigation of the U.S. Attorney's office, has been sued by whistleblowers, and has engaged in …
February Unemployment Flat at 9.3%
The San Diego County unemployment rate was 9.3% in February, unchanged from a revised 9.3% in January, and down from the year-earlier 10.2%, according to the California Employment Development Department. The county gained 5,400 nonfarm jobs between January and February, …
San Diego Tourism Remains Weak
According to the latest data from Smith Travel Research, San Diego tourism remains poor, while San Francisco, Los Angeles, and Anaheim are all doing very well. Revenue per available room (a measure critical those in the industry) has crept up …
April Public Meeting to Focus Only on 2007 Fires
The April 5 public meeting at which San Diegans can speak about San Diego Gas & Electric's desire to make customers pay for uninsured fire costs will focus only on the costs of the 2007 fires, according to Timothy Alan …
Housing Still 29.4% of San Diegans' Living Costs
San Diego County housing values have fallen about 40% from their late 2005 peak, but housing costs still eat up 29.4% of San Diegans' cost of living, according to economist Kelly Cunningham of National University System Institute of Policy Research. …
Dalai Lama Tickets: Hyper-Inflation
The Dalai Lama, spiritual leader of the people of Tibet, will appear in San Diego April 18 and 19. General admission tickets originally went on sale for $25 (two per person) and for students $10 (one per person). But look …
Workforce Index Dips in January
The workforce index compiled by the San Diego Workforce Partnership receded in January to 83.98. The index had hit 86.26 in November, its highest point since November of 2008. Moving in an unfavorable direction in January from December were temporary …
Smart Meter Opt-Out Plan Approved Conditionally
A California Public Utilities Commission law judge today (March 15) approved a plan for San Diego Gas & Electric customers to be able to opt out of the so-called smart meter program, which has caused controversy because of possible health …
Three Charged with Running Stock Loan Scam
The U.S. Attorney's office today (March 15) unsealed an indictment charging James Miceli, Jeffrey Spanier, and Douglas McClain Jr. with multiple counts of mail, wire and securities fraud, and money laundering. Allegedly, Miceli and McClain operated several entities in San …
Dumanis Lifts Her Plan Word for Word
Mayoral candidate and district attorney Bonnie Dumanis, who yesterday (March 14) released a plan to improve City operations, seems to have plagiarized much of it from the County's General Management System Manual, says Erik Bruvold, president of National University System …
Navarro's Documentary to Debut
The controversy-plagued documentary Death by China, produced by UC-Irvine professor Peter Navarro, former perennial San Diego political candidate, will debut March 28 at 4 p.m. at the Fashion Island Cinema, 999 Newport Center Drive, Newport Beach, according to the Laguna …