Entries
Qualcomm Stock Belted after Profit Report
Investors are shooting down stock of telecom superstar Qualcomm in after-hours trading (1.29 p.m.) The stock is down 6.76%% to $39.75. During regular trading, it had been down 1.52% to $42.63. After the close, Qualcomm reported second quarter earnings of …
County Employees Warned of Possible Security Breach
AmeriChoice, which services County of San Diego health programs, has warned employees of a possible security breach. In a letter dated March 30, AmeriChoice told employees that in 2007, the company hired an individual who used another person's identity in …
Artworks Owned by Copley Press Go to Auction
Copley Press continues to shed assets. A.N. Abell Auction Co. of Los Angeles on Thursday (April 22) begins auctioning works of art that Copley Press collected through the years. The really expensive items from the former Copley Library are being …
Craig Biddick Expelled from Brokerage Business
The Financial Industry Regulatory Authority (FINRA), which has jurisdiction over securities broker-dealers and registered representatives, has banned Craig Biddick from the brokerage industry, and officially expelled his penny stock brokerage, Mission Securities, which has already closed down. The action of …
Michael Fanghella Seeking $150,000 Job
A former executive from Rancho Santa Fe, Michael Fanghella, has posted his resume online. He wants a "CEO consultancy" position for a salary of $150,000. This would be doing much better than his last stop: prison. Fanghella was chief executive …
Local Unemployment Rate Back to 11%
The unemployment rate in San Diego County rose to 11% in March from 10.7% in February, although employment increased by 5,000 in the month. The comparable rate for California was 13% and the nation 10.2%. Local government jobs went up …
Taxpayers Absorb Cost of Highly Paid Players
Today's (April 13) Wall Street Journal has an op-ed piece showing how highly paid professional athletes essentially get their money from taxpayers who subsidize stadiums. The idea is not new; economists opposing the stadium scams have pointed this out for …
Last of SPAWAR Defendants Sentenced to Prison
Gary Alexander, a former branch head at Space and Naval Warfare Systems Command (SPAWAR) was sentenced today (April 12) to 75 months in prison for his role in the long-running military contract fraud case. Alexander was told to forfeit $332,072 …
Kittle to Take News Slot at KUSI-TV
Bob Kittle, former chief editorial writer for the Union-Tribune, confirmed today (April 12) that he will become director of programming and content on KUSI. Kittle said he will be reporting to the news director. The news director, Steve Cohen, said …
San Diegans Dominate Delinquent Tax List
The California Franchise Tax Board has released its list of major individuals and corporations with the largest tax delinquencies. Three of the top eight are from San Diego County. They are Jeffry C. Howard, $5.4 million, fifth; Kevin D. Mitchell …
Tom Blair Leaving San Diego Magazine
Tom Blair is ending his 15-year reign as editor of San Diego Magazine, according to SanDiego.com. Yesterday (April 9) he told the staff that he had tendered his resignation to Maureen Sullivan, president of the magazine. He will stay on …
Copley Library Goes for Steep Discount
The La Jolla Light has reported that the Copley Library in La Jolla has been sold for $3.75 million. It was originally listed by Copley Press for $5.4 million after the Union-Tribune was sold. The company's former La Jolla headquarters …
Judge Dumps Criminal Pension Charges
U.S. District Court Judge Roger Benitez yesterday (April 6) dismissed fraud charges against five former San Diego pension system members who had been charged in 2006 with violations of the honest services fraud law. It was not surprising: Benitez had …
Did Sanders Order Detective Reprimanded?
New filings in the case of Scott Kessler versus City of San Diego suggest Mayor Jerry Sanders played an even bigger role than earlier reported. On March 3 and March 17, The Reader carried columns about an FBI/police investigation of …
Qualcomm CEO: Pay Down Slightly While Profits Plunge
The New York Times published today (April 4) its performance assessment of the highest-paid 30 corporate executives in the U.S. Paul E. Jacobs, chief executive of Qualcomm, comes in 21st on the list in total compensation. Jacobs's total compensation last …
Bersin Didn't Fill Out Certain Domestic Worker Forms, Says Mag
American Shipper Magazine, a reputable trade publication, says that San Diegan Alan Bersin did not fill out I-9 forms from U.S. Citizen and Immigration Services used by an employer "to verify an employee's identity and to establish that the worker …
NY Times Knocks Company Copley Used to Fight Unemployment Claims
A major story in this morning's (April 4) New York Times raises serious questions about a company named Talx, which is owned by Equifax. Talx helps employers process and contest unemployment claims. Companies hire Talx to fight ex-employees' unemployment claims, …
Frye Thwarts Preposterous Proposed Ballot Language
Can you imagine the cost of a new council district being zero? This is exactly what Mayor Jerry Sanders's office tried to get away with until Councilmember Donna Frye sued Monday. The mayor's and city attorney's office agreed to a …
Bearded Man Denied Entry into U.S.
A 22-year old man with a beard was denied entry into the U.S. Friday night at the San Ysidro port of entry. He was trying to use a SENTRI card of a 44-year old woman whose photo was, hardly surprisingly, …
County's Job Loss One of Worst in U.S.
San Diego County lost 88,300 jobs in the year ended Sept of 2009, according to Bureau of Labor Statistics data released today (April 1). This was seventh worst among large U.S. counties. Los Angeles County and Maricopa County in Arizona …