Fannie Mae and Freddie Mac announced that they will suspend foreclosures from Nov. 26 to Jan. 9 to work out loan modifications with troubled home owners.

SAIC Inc. announced it has been awarded a $24 million contract by Naval Air Systems Command to provide integrated project management services in support of aircraft, munitions and unmanned aerial vehicles, and Duska Therapeutics, Inc. reported net loss of $1.7 million for quarter ended Sept. 30, according to company announcements, SEC filings and Bloomberg News.

Shares of spinal product maker NuVasive Inc. (Nasdaq: NUVA) dropped to an annual low Wednesday, after a rival reported disappointing quarterly results and said the federal government was investigating its sales practices for a spinal graft.

The California Enterprise Development Authority (CEDA) will issue bonds to three major consumer product manufacturers, including San Diego-based Kieran Label Corp.

A lackluster fourth-quarter earnings report and a disappointing outlook for the start of the next fiscal year led shares of restaurant chain Jack in the Box Inc. (NYSE: JBX) to drop Wednesday.

Raytheon Co. and the Armed Forces Communications and Electronics Association presented a $55,000 check to the San Diego Armed Services YMCA designated to help build the Captain Paul Hartley Community Outreach Complex, which will house a youth outreach center.

AMN Healthcare Services Inc. announced it has entered into a strategic alliance with Spherion Corporation to jointly provide recruitment process outsourcing to healthcare organizations in the United States, and Invitrogen Corp. announced the introduction of its Invivofectamine delivery reagent which enables short interference ribonucleic acid experiments in vivo, according to company announcements, SEC filings and Bloomberg News.

DivX Inc. (Nasdaq: DIVX), a San Diego-based digital media company, has revised its revenue and earnings estimates for the 2008 fiscal year after major advertising customer Yahoo! Inc. said it would discontinue payments.

Carlsbad-based Callaway Golf Co. (NYSE: ELY) announced that the board of directors has declared a dividend of 7 cents per share, payable Dec. 17 to shareholders of record as of Dec. 3, 2008.

CUSO Financial Services LP, a full-service broker dealer and Registered Investment Adviser that provides customized investment and insurance solutions to the credit union industry, has added Sandra deChastain to its program development team as program manager for the Western region.