San Diego defense and security company Kratos has decided to sell its Electronic Products Division to Ultra Electronics Holdings, PLC in a cash transaction valued at $265 Million. Kratos’ board of directors views the transaction as the culmination and conclusion of “a detailed and thorough strategic alternatives review” completed late last year. The transaction allows […]
Allegations of breach of contract, money laundering and fraud have been leveled against OkCoin.com by Roger Ver accusing the company he contracted to manage Bitcoin.com of fraudulently signing his name to contracts, changing or adding terms and breach of contract relating to his compensation. The findings of an independent IT consultant out of Tokyo determined that […]
The founder of Facebook owned Oculus VR (Virtual Reality), Palmer Luckey, has been accused of breach of contract regarding the “duty of good faith and fair dealing” as well as “conversion and constructive fraud” by Total Recall Technologies, a Hawaii based VR company. The dispute revolves around information, technology and feedback he received from Total Recall […]
A recent survey released by the San Diego Chamber of Commerce shows that 15% of San Diego small business owners believe water restrictions will reduce local business profits. Of the 203 members of the Chamber who responded to the survey, over 9% believe the water restrictions will lead to layoffs. Water is a primary ingredient […]
Today brings a conclusion to “Small Business Week”, and we would like to honor the entrepreneurial spirit here in San Diego that is the core of American business as well as our economy. There are more than 28 million small businesses in the US, and almost 40% of those are home based enterprises. Small business […]
Let’s face it, small business in San Diego exists in large part because of big business. Ok, I can hear it now, “Isn’t this week about small business? Why are we going to talk about big business?” As the owner of a small business for decades, and like many of my small to mid-sized business […]