San Diego Business Journal back issues from December 1991:
Budget cuts could curb CCDC expansion plans. (Centre City Development Corp.)
Dec 02, 1991; ... The city's budget crisis may hold back an ambitious plan to include all of downtown San Diego in a redevelopment district.At a time when the City Council is considering further cuts to its $1.16 billion budget for 1991-92, Centre City Development Corp. has come up with a ...
Port District posts first-ever operating deficit of $3 million. (Unified Port District)
Dec 02, 1991; ... For the first time in its history, the eternally well-heeled Unified Port District has reported a deficit in its operating budget.The port finished $3 million in the hole for the year ending June 30 after an increase of nearly $18 million in expenses over the previous year, ...
Sales tax revenues fall at most cities; many slash budgets.
Dec 02, 1991; ... It's belt-tightening time once again for many local cities whose budgets have been knocked askew by the clinging recession.* Sales tax revenues are below projections in all of the 18 incorporated cities except Del Mar, an informal survey by a city finance director revealed. ...
La Mesa asks its residents to do their shopping closer to home. (La Mesa, California)
Dec 02, 1991; ... The city of La Mesa claims it has a recession-busting plan that won't hike taxes a cent. It's not supply-side economics, but a "buy La Mesa" program.The plan is to encourage La Mesans to buy as much as they can inside city limits. The more bought in La Mesa, the more La Mesa city ...
Rohr counts claims against government in its earnings. (Rohr Industries Inc.)
Dec 02, 1991; ... Part of the earnings reported in November by Rohr Industries Inc. were not cash earnings, but rather expected income from claims filed against the federal government.The company declared earnings of 50 cents per share on sales of $324.8 million for its first fiscal quarter of 1992, ...
General Dynamics lays off 275 employees at Convair. (General Dynamics Corp. Convair Division) (Brief Article)
Dec 02, 1991 ... General Dynamics will lay off about 275 employees from its Convair Division because of unforseen funding cuts by the Department of Defense. The Defense Department has cut the budget of about $50 million for a derivative part of its Advanced Cruise Missile program, company spokeswoman Julie ...
County delays vote on permit for new mine on San Luis Rey River. (San Diego County)
Dec 02, 1991; ... Facing strong opposition from the County Water Authority, the county Board of Supervisors voted 5-0 last week to delay until December 1992 granting a permit for a new sand-mining operation on the San Luis Rey River.In three lengthy letters, the CWA urged the supervisors to deny the ...
Trial lawyer Bartolotta acts as the big gun for underdogs. (Vincent Bartolotta Jr. of Thorsnes, Bartolotta, McGuire & Padilla law firm)
Dec 02, 1991; ... Attorney has won millions in jury awards for plaintiffsVincent Bartolotta Jr. earns plenty of money. Lots of it, in fact. But while the millions bring luxury and security, they don't make his world turn.Years of representing the little guy have made an impact on ...
SDG&E shuffles staff in move to keep current. (San Diego Gas & Electric Co.)
Dec 02, 1991; ... San Diego Gas & Electric Co. continued internal changes as part of an overall repositioning of the company as an independent utility rather than a unit of SCE-corp. Tom Page, who plans to focus on strategic planning and growth of the company's unregulated subsidiary, Wahlco, turned the ...
BofA promises to include San Diego in low-income lending. (Bank of America)
Dec 02, 1991; ... Community advocates want CRA loans to equal 8 percentLocal community leaders want reassurance from Bank of America that San Diego will get its fair share of loans to low-income and minority residents and small businesses.The megabank will become the third largest local ...
Two biotechs launch stock offerings despite bumpy market. (Genta Inc. and Gensia Pharmaceuticals Inc. file initial public offerings)
Dec 02, 1991; ... Experts predict more IPOs to come; 35 made this yearBiotech stocks may sputter, but as far as the underwriters of public offerings are concerned, the party isn't over yet.Last week, two local biotechs announced public offerings. Genta Inc. filed Nov. 25 for an initial ...
Sharp, Mission Park to share services, programs. (Sharp HealthCare; Mission Park Medical Clinic)
Dec 02, 1991 ... Sharp HealthCare and Vista-based Mission Park Medical Clinic of Vista have signed an agreement to share expertise and resources.Mission Park Medical Center serves 65,000 patients at locations throughout North County, including clinics in Oceanside, San Marcos, Encinitas, Fallbrook ...
SuperShuttle replaces its management team. (SuperShuttle International Inc.) (Brief Article)
Dec 02, 1991 ... The parent corporation of SuperShuttle in San Diego and Miami announced last week that its seven-member management team has been completely replaced with three new managers.The corporation, Shuttle Express International, has filed for protection under Chapter 11 of the Bankruptcy ...
Dive shops swim along while other retailers sink. (sporting goods stores report increased sales for 1991)(Special Report: Retail)
Dec 02, 1991; ... Many of area's 22 dive shops report increased sales for '91Almost 60 years ago a group of adventurous young men in San Diego began to figure out the best way to see while swimming in the ocean.The San Diego Bottom Scratchers, as the select group called themselves, were ...
Sales are up for specialty and discount sport shops. (sporting goods stores report increased sales for 1991)(Special Report: Retail)
Dec 02, 1991; ... This year has been a good one for specialty sporting goods shops and large discount retailers.Although 1991 sales figures aren't available yet, these shop owners and store managers say they've bucked the trend of poor retail sales during the recession.The latest figures ...
Taxable sales, adjusted for inflation, drop 5.3 percent. (Special Report: Retail)
Dec 02, 1991; ... Taxable retail sales figures released by the Greater San Diego Chamber of Commerce confirm that shoppers were more reluctant to spend in 1990 than they were in 1989.Since it takes months to gather and sort retail sales data, the Chamber typically doesn't complete its retail figures ...
On the first month of Christmas retail stores gave us decorations. (Special Report: Retail)
Dec 02, 1991; ... Some trim-a-tree departments have been open since OctoberPerhaps the classic holiday song "The Twelve Days of Christmas" should be renamed "The Two Months of Christmas" in honor of some local department stores.While Halloween pumpkins were just starting to rot in window ...
Shopping centers show slight gain in 1990 sales. (Special Report: Retail)
Dec 02, 1991; ... Fashion Valley again leads the county in taxable retail salesTaxable retail sales increased slightly in 1990 for the top 15 shopping centers in San Diego County. Sales in 1990 were $2.3 billion, up 4.4 percent from $2.2 billion in 1989, according to figures compiled by the ...
Arnold's furniture stores are sold to Fred Comrie. (Arnold's Interiors)(Special Report: Retail) (Directory)
Dec 02, 1991 ... Arnold's Interiors, an eight-store furniture chain owned by Arnold Belinsky, was sold last week to Fred Comrie, another local resident with family ties to the furniture business.Comrie, whose family built the Canadian firm The Brick into a $400 million company, purchased Arnold's ...
Precision Aerotech Inc. (Proxy Report Excerpts) (Company Profile)
Dec 02, 1991 ... OTC--PARPrecision Aerotech Inc. makes precision-manufactured parts, assemblies and systems for aerospace, both government and commercial, as well as other industry applications. The company is divided among four divisions: Coast Aerotech Inc., L&S Aerotech Inc., Speedring Inc. and ...
Alliance Pharmaceutical Corp. (Business Notes) (Brief Article)
Dec 02, 1991 ... Alliance Pharmaceutical Corp. announced that the holders of its 10.25 percent convertible subordinated notes due May 1996 have elected to convert the principal amount of the notes into Alliance common shares at the conversion price of $15 per share.The notes were issued in 1989 to ...
American Healthcare Systems. (Business Notes) (Brief Article)
Dec 02, 1991 ... American Healthcare Systems and Merck Sharp & Dohme have entered into a two-year purchasing agreement, effective Dec. 1. The agreement stipulates lower prices for certain drugs purchased by AmHS hospitals in exchange for purchase commitment.The ...
Gensia Pharmaceuticals Inc. (Business Notes) (Brief Article)
Dec 02, 1991 ... Gensia Pharmaceuticals Inc. announced that its wholly owned subsidiary, Gensia Laboratories, Ltd., has received Abbreviated New Drug Application approvals from the Food and Drug Administration for intravenous gentamicin, a broad spectrum ...
Applied Data Technology Inc. (Business Notes) (Brief Article)
Dec 02, 1991 ... Applied Data Technology Inc. has been awarded a $4.9 million contract with options of about $9 million by the U.S. Air Force to provide an Advance Display and Debriefing Subsystem for the Air Force's Air National Guard Air Combat Maneuvering Instrumentation and U.S. Navy/Marine Corps ...
Iterex Pharmaceuticals. (Business Notes) (Brief Article)
Dec 02, 1991 ... Iterex Pharmaceuticals and Miles Inc. Pharmaceutical Division have agreed to collaborate on a drug discovery program using Iterex's proprietary peptide screening methods.The screening methods rapidly test a large number of peptides at one time, greatly shortening the time needed by ...
Isis Pharmaceuticals Inc. (Business Notes) (Brief Article)
Dec 02, 1991 ... Isis Pharmaceuticals Inc. has entered into a collaboration with Millipore Corp. regarding the manufacture of "antisense" drugs using Millipore's chemicals and synthesis and ...
Corvas International Inc. (Business Notes) (Brief Article)
Dec 02, 1991 ... Corvas International Inc. and Centocor Inc. have announced an agreement to jointly develop and commercialize monoclonal antibody products.Under the agreement, Centocor will acquire a worldwide, exclusive license to Corsevin M., Corvas' first therapeutic product, which is now in ...
Pannikin Coffee & Tea. (Business Notes) (Brief Article)
Dec 02, 1991 ... Pannikin Coffee & Tea, San Diego's purveyor of coffee and tea products, has announced the formation of Cafe Moto, a ...
Port will consider purchase of Barkett's South Bay land. (San Diego Unified Port District; developer William Barkett)
Dec 09, 1991; ... The San Diego Unified Port District may become the newest player in a 20-year struggle to develop more than 100 acres of Chula Vista bayfront, land now owned by a company headed by controversial developer William Barkett.The Port District is studying whether to buy some or all of ...
ACOC told to sign more contracts with minority businesses. (America's Cup Organizing Committee)
Dec 09, 1991; ... Unified Port District officials say the America's Cup Organizing Committee has done little in the past year to include minority-owned businesses in preparations for the big sailing regatta planned here next spring.ACOC officials acknowledge the deficiency but vow to redouble ...
Buyer backs away from SD General. (Gold Coast Service Corp.; San Diego General Hospital)
Dec 09, 1991; ... Coronado Hospital may buy bankrupt operationSan Diego General Hospital is once again in financial limbo, as yet another prospective buyer of the closed hospital appears to be backing away.Meanwhile, local Coronado Hospital is considering buying San Diego General and ...
Upper-crust auto dealership adds product for proletarians. (Cornes Motors Inc.; Volkswagen line)
Dec 09, 1991; ... You could call it the people's car meets Rolls-Royce.Volkswagens now sit on Cornes Motors' Miramar lot, a space once reserved for Rolls-Royces, Alfa-Romeos and Ferraris.The recession "dramatically impacts" even the upscale car market, said Ken Schafer, president of Cornes ...
Tenants want more ads, outdoor signs and cheaper leases. (retailers and restaurateurs in Mission Valley's Hazard Center shopping mall)
Dec 09, 1991; ... Some retailers and restaurateurs in Mission Valley's Hazard Center shopping mall say their landlord hasn't met promises to advertise and install signs. They want better exposure and lower rates or they want out of their leases.Though its office space is 86 percent occupied, its ...
Over-leveraging prompts Foodmaker to issue IPO. (operator and franchiser of Jack In The Box and Chi-Chi's restaurants; initial public stock offering)
Dec 09, 1991; ... Calling the next move of San Diego's Foodmaker Inc., which has oscillated between public and private ownership several times since 1985, is a bit tougher than forecasting the local weather.A few weeks ago, Sheila M. O'Connell, an analyst at Chicago's Duff & Phelps/MCM Investment ...
Depressed plastics market curbs recycling efforts. (cities of Chula Vista and Imperial Beach scale back curbside recycling programs) (Industry Overview)
Dec 09, 1991; ... A depressed plastics recycling market has forced the cities of Chula Vista and Imperial Beach to scale back their leading-edge curbside recycling programs.Last month, Chula Vista dumped about 2 tons of plastic containers it had hoped to recycle into the Sycamore landfill. This ...
ITER scientists prepare to occupy Torrey Pines offices. (International Thermonuclear Experimental Reactor; Torey Pines Science Park in La Jolla, California)
Dec 09, 1991; ... The research and design site has been chosen for the International Thermonuclear Experimental Reactor fusion project and awaits about 200 scientists scheduled to arrive in San Diego next year.When completed, the site at the Torrey Pines Science Park in La Jolla will provide ...
For Seymour Kern, eyes and sharp objects go together. (eye surgeon performs radial keratotomy)(Profile)
Dec 09, 1991; ... Radial keratotomy is doctor's reason for taking knife to eyeThe eye surgeon peers into the microscope. The patient has no choice but to stare back.Nearsighted Michael Najm of Detroit lies on his back, unblinking -- his eyelids forced back by metal retractors and numbed by ...
Global marketing czar retires. (Dick Powell, director of the San Diego District Office of the U.S. and Foreign Commercial Service)
Dec 09, 1991; ... Dick Powell, for eight years the first and last stop for hundreds of San Diego businesses seeking advice on tapping international markets, has stepped down as the U.S. Commerce Department's main man in San Diego.The 62-year-old Sun City resident has resigned as director of the San ...
Chamber's N. City board is back. (Greater San Diego Chamber of Commerce; North City Advisory Board) (Brief Article)
Dec 09, 1991; ... Looking for ways to improve the business climate in the northern part of San Diego, the Greater San Diego Chamber of Commerce has re-established the North City Advisory Board. Gary L. Kincannon chairs the group.The board was re-established to guide the actions of residents and ...
Poof! Bowlers turned into Frogs. (conversion of Solana Beach's Del Mar Lanes bowling alley into Frog's Athletic Club) (Brief Article)
Dec 09, 1991; ... Six investors are turning Solana Beach's Del Mar Lanes bowling alley into Frogs without a magic wand.Investing $300,000 in athletic equipment and an unspecified amount in building renovation, the partners hope to lure 3,000 to 3,500 members to their 16,500-square-foot Frog's ...
ACOC buries hatchet and lawsuit. (America's Cup Organizing Committee's logo dispute with the Newport Harbor Yacht Club) (Brief Article)
Dec 09, 1991; ... Electing to tack rather than jibe, the America's Cup Organizing Committee has quietly resolved its logo dispute with the Newport Harbor Yacht Club."They were willing not to raise the issue with us if we were willing to do the same," Tom Garrett, a Newport Harbor club official, ...
Hewlett-Packard Co. buys slice of Four Pi. (computer manufacturer; Four Pi Systems Corp.)
Dec 09, 1991; ... Hewlett-Packard Co. has acquired a 10 percent interest in Rancho Bernardo-based Four Pi Systems Corp., according to the president of Four Pi.The Hewlett-Packard investment is part of a $4.1 million equity financing that also includes existing venture capital investors Fairfield ...
This little home loan came from a mortgage banker; adjustable-rate S&L mortgages are refinanced with fixed rates. (California's residential mortgage banking industry makes a comeback)(Special Report: Finance) (Industry Overview)
Dec 09, 1991; ... Think back to 1987.Savings and loans saturated the California market with adjustable-rate loans, and mortgage bankers were beginning to slide into oblivion.Cut to 1991. The S&L industry is in the tank and residential mortgage bankers are making a comeback, primarily by ...
AmRes completes second phase of RTC purchase. (American Residential Mortgage Corp.'s purchase of loan-servicing contracts from the Resolution Trust Corp.)(Special Report: Finance)
Dec 09, 1991; ... American Residential Mortgage Corp. has completed the purchase of $500 million in loan-servicing contracts from the federal agency in charge of liquidating failed savings and loans.Last week's closing marked the second phase of La Jolla-based AmRes' purchase of servicing contracts ...
McMillin Cos. IPO delayed until early '92. (real estate developer; initial public stock offering) (Brief Article)
Dec 09, 1991 ... An initial public offering planned by McMillin Cos. has been postponed until 1992, a McMillin official said.A major developer in the South Bay and northern San Diego, McMillin's projects include the 1,600-acre Rancho del Rey community in Chula Vista.McMillin had planned ...
Company finds market for unusual finance plan. (ORIX Credit Alliance Inc.; equipment leasing and financing services)(Special Report: Finance) (Company Profile)
Dec 09, 1991; ... Verified Technical Corp. needed equipment essential to modernizing its electronic circuit board manufacturing business.The San Marcos company, known as Veritek for short, couldn't finance the equipment. It had already tapped out a line of credit at its bank. And, at that time, ...
UCSD to close student credit union. (University of California, San Diego; University and State Employees Credit Union) (Brief Article)
Dec 09, 1991 ... The University and State Employees Credit Union announced last week that it would close the UCSD Student Credit Union.The University of California, San Diego campus center office will shut down early next year, according to a statement released by USE.The student credit ...
IDEC develops new cancer treatment. (IDEC Pharmaceuticals Corp.) (Brief Article)
Dec 09, 1991 ... IDEC Pharmaceuticals Corp. announced Dec. 5 it is hastening the development of a new cancer treatment that uses the radioactive agent yttrium combined with special antibodies.The treatment targets a type of cancer called non-Hodgkin's B-cell lymphomas with yttrium-conjugated pan B ...
FDA approves two Gensia drugs. (Food and Drug Administration; Gensia Laboratories Ltd.'s injectable methyldopate and metoclopramide) (Brief Article)
Dec 09, 1991 ... Gensia Pharmaceuticals Inc. announced last week Abbreviated New Drug Application (ANDA) approvals from the Food and Drug Administration for Gensia Laboratories Ltd.'s injectable methyldopate and metoclopramide. With these two new approvals, Gensia Laboratories, a wholly owned subsidiary of ...
Datatronix Financial Services. (Proxy Report Excerpts) (Company Profile)
Dec 09, 1991 ... OTC --naDatatronix Financial Services provides "back office" check and financial item processing for 132 financial institutions. The company also provides lock box services to financial institutions and commercial enterprises. Datatronix operates processing locations in San Diego, ...
William T. Ward. (Health-care & Biotechnology)(People) (Brief Article)
Dec 09, 1991 ... William T. Ward was named new president and chief ...
Timothy B. Taylor. (Law)(People) (Brief Article)
Dec 09, 1991 ... Timothy B. Taylor, Guy N. Halgren and Domenic C. Drago have been promoted ...
SAIC. (Science Applications International Corp.)(Contracts) (Brief Article)
Dec 09, 1991 ... SAIC has received $673,400 for a study on the gravitational effects on ...
Eldyne Inc. (Contracts) (Brief Article)
Dec 09, 1991 ... Eldyne Inc. has received $56,394 for communication ...
Khavari Construction Inc. (Contracts) (Brief Article)
Dec 09, 1991 ... Khavari Construction Inc. has received $97,950 to repair restrooms, wings one, four and ...
Controlled Environmental Systems Inc. (Contracts) (Brief Article)
Dec 09, 1991 ... Controlled Environmental Systems Inc. in National City, has received $839,900 for interior asbestos ...
Industrial Data Link Corp. (Contracts ) (Brief Article)
Dec 09, 1991 ... Industrial Data Link Corp. has received $7.9 million for Gulfport North Range Aircraft Maneuvering ...
Advanced Scientific Sypply. (Sypply should be Supply)(Contracts) (Brief Article)
Dec 09, 1991 ... Advanced Scientific Supply has received $60,430 for ...
Fryer Knowles Inc. (Contracts) (Brief Article)
Dec 09, 1991 ... Fryer Knowles Inc. has received $384,000 for habitability ...
Marine & Restaurant Fabricators Inc. (Contracts) (Brief Article)
Dec 09, 1991 ... Marine & Restaurant Fabricators Inc. has received $265,000 for ...
GSH Maritime. (habitability services contract for $318,968)(Contracts) (Brief Article)
Dec 09, 1991 ... GSH Maritime in Chula Vista has received $318,968 for habitability ...
Spec Built Systems. (Contracts) (Brief Article)
Dec 09, 1991 ... Spec Built Systems in National City has received $574,400 for ...
Hughes Enterprises. (Contracts) (Brief Article)
Dec 09, 1991 ... Hughes Enterprises in National City has received $55,044 for ...
Continental Maritime of San Diego Inc. (Contracts) (Brief Article)
Dec 09, 1991 ... Continental Maritime of San Diego Inc. has received $3.5 million for ...
A&E Industries. (Contracts) (Brief Article)
Dec 09, 1991 ... A&E Industries in National City has received $333,000 for the USS Midway ...