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UCSB West Coast hub for Photonics Institute

John Bowers and researcher Tin Komljenovic with a wafer of integrated photonic circuitry to be developed by AIM.

By   3 days ago

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Camarillo’s Salem Media adds investment newsletters

By   3 days ago

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New Cancer Center of Santa Barbara aims for better collaboration

22 cancer center web

By   3 days ago

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Amazon plans to hire more San Luis Obispo workers

By   3 days ago

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Rabobank wants to be tops in ag, small biz lending

Mark Borrecco, Rabobank N.A. executive vice president and chief retail banking officer, visited Santa Barbara on July 28.

By   3 days ago

  After a series of branch consolidations and a strategic rethinking, Rabobank will focus its California lending on business banking, agribusiness and renewables in its core markets in the Central Valley and on the Central Coast. The Netherlands-based banking giant has set a goal to be the global leader in food and agriculture lending as […]

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Deckers loses $47.3 million in fiscal first quarter

By   4 days ago

Goleta-based Deckers on July 30 reported a loss of $47.3 million in its fiscal first quarter and a loss of $1.43 on a per-share basis. Despite the per-share loss, the results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of $1.51 per share. Deckers […]

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Amgen second-quarter profit beats analysts’ estimates

By   4 days ago

Thousand Oaks-based Amgen Inc. posted second-quarter profit that topped analysts’ estimates, driven by higher sales and lower operating expenses. The biotech also raised its revenue and earnings forecast for the year. Profit excluding one-time items rose to $2.57 a share, while analysts had predicted $2.43 on average. Revenue increased 3.7 percent to $5.37 billion, the […]

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Venoco asks Goleta for permission to move two truckloads of oil per day

By   6 days ago

Venoco has asked the city of Goleta for emergency authority to move two truckloads per day of oil from its Ellwood facility to Santa Maria for the next 17 days. Venoco said it was making the request so that lines and other facilities could be cleared in order to complete mandatory inspections. Venoco said it […]

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Small Business View All →

Help Unlimited celebrates 40 years of pairing caregivers with patients

Lupe Chavez has been a caregiver with Help Unlimited for more than two decades. The business is celebrating its 40th anniversary.

By   3 days ago

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Santa Barbara’s Burger Bus serves up food around town

Burger Bus owner Cheryl Gardener serves one of her locally sourced burgers and fries.

By   1 week ago

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Texas taxes too tempting for Ventura bra maker

By   1 week ago

California is not a business-friendly state. So after nearly 22 years in Ventura, Fashion Forms, the company that developed the push-up water bra, is leaving for Austin, Texas. About five California companies per week were making similar moves just a few years ago, fleeing to better business climates. And while that tide has stemmed some, […]

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Electrician turns Santa Barbara building into gallery

Art lovers have been checking out Charlie Mitchell's new art gallery in Santa Barbara since it opened July 3.

By   3 weeks ago

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Paid sick leave gets more complex under new law

By   3 weeks ago

California’s new paid sick law took affect July 1, expanding coverage for an estimated additional 6.5 million employed citizens. An estimated 40 percent of California workers weren’t eligible to receive paid sick leave previously and now most will have access, which is great news for employees. On the opposite side of the coin, however, employers […]

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Lynda Weinman’s big gift gives Women’s Economic Ventures money to expand

Marsha Bailey is the founder of Womens Economic Ventures.

By   3 weeks ago

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Ventura BioCenter provides facilities, equipment for startups

George Savic of Analytical Ventura prepares pipe samples in his incubator space at the Ventura BioCenter.

By   1 month ago

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Refugio oil spill pinches tri-county small businesses

Jaime Diamond, owner of the Coral Sea and Stardust Sportfishing.

By   1 month ago

Jamie Diamond is thrilled that the region’s fishing ban has been lifted but her sportfishing business is still reeling from the Refugio oil spill. Diamond has owned and operated Santa Barbara-based Stardust Sportfishing with her husband Jason for the past 20 years. They take private charters and open parties of tourists and local regulars fishing […]

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Technology View All →

UCSB West Coast hub for Photonics Institute

John Bowers and researcher Tin Komljenovic with a wafer of integrated photonic circuitry to be developed by AIM.

By   3 days ago

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Amazon plans to hire more San Luis Obispo workers

By   3 days ago

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Amgen second-quarter profit beats analysts’ estimates

By   4 days ago

Thousand Oaks-based Amgen Inc. posted second-quarter profit that topped analysts’ estimates, driven by higher sales and lower operating expenses. The biotech also raised its revenue and earnings forecast for the year. Profit excluding one-time items rose to $2.57 a share, while analysts had predicted $2.43 on average. Revenue increased 3.7 percent to $5.37 billion, the […]

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UCSB named West Coast hub for Photonics Institute

By   1 week ago

UC Santa Barbara’s Institute for Energy Efficiency will play a lead role in a $110 million federal program to develop new electronic products using the next generation of chip technology. UCSB will become the west coast hub for the newly formed American Institute for Manufacturing of Photonics (AIM), teaming with lead institution State University of […]

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Ventura reuse plant may be solution to region’s water woes

By   1 week ago

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Amgen submits data on cancer drug Kyprolis to FDA

By   2 weeks ago

Thousand Oaks-based Amgen announced Thursday that it submitted data comparing its new multiple-myeloma drug against a rival to the Food and Drug Administration. Kyprolis is Amgen’s new treatment for multiple-myeloma, which is a form of blood cancer that forms in plasma cells and typically grows in bone marrow. The drug was approved for third-line treatments […]

Read More →

Thousand Oaks-based Teledyne wins $15 million contract from NASA

By   2 weeks ago

Teledyne Technologies won an out of this world contract Tuesday. Thousand Oaks-based Teledyne announced that it won a $15 million contract from NASA on Monday to build a hyper-spectral remote sensing imaging instrument that will be used on the International Space Station. Teledyne makes instrumentation, digital imaging products and software for aerospace and defense systems. […]

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For cybersecurity, ignorance is not bliss

By   2 weeks ago

With all of the talk about hacking of big business and government, it’s time for small business owners to access their own vulnerabilities and design a plan of action. If they do not tackle this head on, small business owners risk the possibility of significant financial loss, litigation or even business failure. Ignorance is not […]

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Real Estate View All →

Oriental rug store may be razed for 4-story mixed-use project

By   3 days ago

The owners of Aga John Oriental Rugs want to demolish the company’s Santa Barbara retail store to make way for a new four-story mixed-use development. Located at 15 S. Hope St., just across from the La Cumbre Mall, the property was purchase by Aga John in 2005 from Wye Road Properties for $4.1 million. The […]

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Minus a plus for South Coast organization advocating workforce housing

By   1 week ago

Craig Minus was recently elected president of the Coastal Housing Coalition Board of Directors as the organization marks a decade of advocating and creating opportunities to increase workforce housing on the South Coast. The appointment comes at a critical juncture as the supply of workforce housing has significantly decreased in the past several years, according […]

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SB real estate firm goes on $74M deal-making spree

By   2 weeks ago

The Paskin Group, a Santa Barbara-based real estate outfit, announced recently that it closed its fourth deal in 12 months, acquiring a total of $74 million in assets during the period. Paskin’s portfolio, which consists of both commercial and multifamily residential properties, has expanded to 1.5 million square feet as a result of the deals. […]

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640 Santa Barbara City College students will get the boot from Isla Vista

By   2 weeks ago

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UCSB buys up apartment complexes for student housing

By   3 weeks ago

The University of California just dropped a huge chunk of change on a portfolio of student housing properties in Isla Vista. UC Santa Barbara today announced the acquisition of Tropicana Gardens, Tropicana Del Norte and the Tropicana Villas. Terms of the deals weren’t disclosed, but according to Business Times research all three properties were purchased […]

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Ventura land sale to homebuilder gives UC money for ag project

By   3 weeks ago

A Santa Clarita-based homebuilder and developer has purchased a large chunk of agricultural land in the city of Ventura for $13.1 million. The roughly 36-acre parcel located at the southeast corner of Saticoy Avenue and Telegraph Road was sold to Williams Homes — the top bidder for the land — and comes with entitlements to […]

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UC sells ag land in Ventura to South Coast homebuilder, proceeds could help fund new research center

By   1 month ago

The roughly 36-acre parcel located at the southeast corner of Saticoy Avenue and Telegraph road was sold to Williams Homes — the top bidder for the land — and comes with entitlements to build a new residential neighborhood.

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SLO forum highlights new infrastructure tool for cities

By   1 month ago

The San Luis Obispo Regional Forum, organized by the Economic Vitality Corp., recently brought together more than 45 elected officials, local government representatives and private industry stakeholders in the same room talking about infrastructure. The forum was opened by Mike Manchak, president and CEO of the Economic Vitality Corp., and Guy Savage, deputy administrative officer […]

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Banking & Finance View All →

Camarillo’s Salem Media adds investment newsletters

By   3 days ago

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Rabobank wants to be tops in ag, small biz lending

Mark Borrecco, Rabobank N.A. executive vice president and chief retail banking officer, visited Santa Barbara on July 28.

By   3 days ago

  After a series of branch consolidations and a strategic rethinking, Rabobank will focus its California lending on business banking, agribusiness and renewables in its core markets in the Central Valley and on the Central Coast. The Netherlands-based banking giant has set a goal to be the global leader in food and agriculture lending as […]

Read More →

Deckers loses $47.3 million in fiscal first quarter

By   4 days ago

Goleta-based Deckers on July 30 reported a loss of $47.3 million in its fiscal first quarter and a loss of $1.43 on a per-share basis. Despite the per-share loss, the results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of $1.51 per share. Deckers […]

Read More →

Amgen second-quarter profit beats analysts’ estimates

By   4 days ago

Thousand Oaks-based Amgen Inc. posted second-quarter profit that topped analysts’ estimates, driven by higher sales and lower operating expenses. The biotech also raised its revenue and earnings forecast for the year. Profit excluding one-time items rose to $2.57 a share, while analysts had predicted $2.43 on average. Revenue increased 3.7 percent to $5.37 billion, the […]

Read More →

FDA approves Amgen’s Kyprolis

By   1 week ago

The Food and Drug Administration approved Amgen’s Kyprolis for second-line treatments of multiple-myeloma on Friday. Thousand Oaks-based Amgen’s new treatment for multiple-myeloma could pay off big for the company now that the treatment can be accessed by more patients in the second line of treatments. Kyprolis was approved for third-line treatments in 2012. The FDA’s […]

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Who’s next after Firestone Walker investment deal

By   1 week ago

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Amgen submits data on cancer drug Kyprolis to FDA

By   2 weeks ago

Thousand Oaks-based Amgen announced Thursday that it submitted data comparing its new multiple-myeloma drug against a rival to the Food and Drug Administration. Kyprolis is Amgen’s new treatment for multiple-myeloma, which is a form of blood cancer that forms in plasma cells and typically grows in bone marrow. The drug was approved for third-line treatments […]

Read More →

Thousand Oaks-based Teledyne wins $15 million contract from NASA

By   2 weeks ago

Teledyne Technologies won an out of this world contract Tuesday. Thousand Oaks-based Teledyne announced that it won a $15 million contract from NASA on Monday to build a hyper-spectral remote sensing imaging instrument that will be used on the International Space Station. Teledyne makes instrumentation, digital imaging products and software for aerospace and defense systems. […]

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Opinion View All →

Personal finance really family finance

By   3 days ago

Personal finance has always been a family affair that involves the interests of children, parents and other relatives. Currently, many trends exacerbate situations where relatives’ assistance is needed, which makes family situations increasingly challenging and difficult to plan for. First, expanded life expectancy brings expanded financial challenges. A longer life does not only imply greater […]

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Economic development should be part of Ventura County’s general plan

By   3 days ago

Ventura County is embarking on an important step forward as it weighs the latest update to its general plan. That step would be to include an economic development element to the general plan in the next approval cycle. A letter to county officials from the Economic Development Collaborative of Ventura County recommends the county include […]

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Smart innovation key to business success

By   1 week ago

Smart business leaders know that there is an important distinction between risk taking and intelligent risk taking. It is the former that may make the headlines, but it is the latter that often leads to the greatest rewards. There is an increasing awareness within the business community of the world of difference between innovation and […]

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Proposed peaker plant in Oxnard bad idea because of flood vulnerability

By   1 week ago

Reliability is the key point emphasized in the Pacific Coast Business Times editorial July 17 (Oxnard peaker plant should be approved). During the CPUC evidentiary hearings held in May regarding the NRG proposal, the city of Oxnard provided proof based on state of the art scientific evidence that storm surge patterns and sea level rise […]

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Haggen finds it’s tough to be third competitor for tri-county shoppers

By   1 week ago

The point of anti-trust regulators forcing Albertson’s and Safeway to sell off 146 supermarkets in order to allow for the two companies to merge was to create a viable third competitor in the market. That role was eagerly claimed by Haggen Inc., an independent grocery and pharmacy chain based in the state of Washington whose […]

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Oxnard peaker plant should be approved

By   2 weeks ago

The California Public Utilities Commission held a relatively rare session in Oxnard on July 15 to weigh the pros and cons of replacing aging power stations at Mandalay Beach with a new peaker plant to be operated by NRG. This has been a contentious issue. The city of Oxnard doesn’t like it, the social justice […]

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As the world turns, so does the U.S. economy

By   3 weeks ago

What in the world is going on? At press time, the New York Stock Exchange was having technical difficulties, United Airlines had just resumed flying after a computer malfunction, Greece was on the precipice of leaving the Eurozone and China’s stock market was in a free fall. That’s a heck of an interruption to what […]

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Going public with companies fuels healthy communities in Tri-Counties

By   1 month ago

The health of our communities is directly tied to the health of our local businesses. We cannot have one without the other. Although in good economic times it is easy to lose sight of our region’s competiveness to attract and retain businesses in a world where many companies can operate from anywhere. If our communities […]

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East Ventura County View All →

FDA approves Amgen’s Kyprolis

By   1 week ago

The Food and Drug Administration approved Amgen’s Kyprolis for second-line treatments of multiple-myeloma on Friday. Thousand Oaks-based Amgen’s new treatment for multiple-myeloma could pay off big for the company now that the treatment can be accessed by more patients in the second line of treatments. Kyprolis was approved for third-line treatments in 2012. The FDA’s […]

Read More →

Thousand Oaks connection spurs new startup group

By   2 weeks ago

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Baxter Bioscience becomes Baxalta

By   1 month ago

East Ventura County has a major new employer. Deerfield, Ill.-based Baxalta Inc. was launched July 1 as health care giant Baxter International split into two companies. Former Baxter Bioscience operations in Thousand Oaks and Newbury Park are part of the Baxalta spinoff. The operations employed about 1,100 people in East Ventura County, according to the […]

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Westlake Village-based Qualstar Corp. releases Q1 archive solution

By   1 month ago

Westlake Village-based Qualstar Corp., a manufacturer of data and archive storage solutions and high efficiency power supplies, released the Qualstar Q1 on Thursday. The Qualstar Q1 is a archive solution to transfer and archive data. Qualstar describes the product as a cost effective solution for people who want to restore archives or review data. The […]

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Allergan buys Westlake Village-based Kythera for $2.1 billion

By   2 months ago

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Entrepreneurs in Tri-Counties leading resurgence of innovation

By   2 months ago

Amid a startup wave in Santa Monica, a revitalizing downtown and an emerging tech corridor on Highway 101, a younger and hipper group of entrepreneurs is beginning to reshape the corporate culture of Greater Los Angeles. That’s part of the reason why it put a smile on my face to see two companies from Ventura […]

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Allergan buying Westlake Village-based Kythera Biopharmaceuticals Inc.

By   2 months ago

Just a few months after it shut a Santa Barbara facility, Botox-maker Allergan has re-entered the Tri-Counties, agreeing to buy Kythera Biopharmaceuticals Inc. for about $2.1 billion. The deal will add the Westlake Village-based Kythera’s treatments for double chins and male pattern baldness to Allergan’s existing line of products, including a breast implant operation formerly […]

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Fighting for control of hospice dollars in Tri-Counties

Ted Hughes speaks with massage therapist Denise Zayas at Sarah's House, a hospice in Santa Barbara. Hughes died on June 5.

By   2 months ago

  Gardening made Ted Hughes feel alive. The gentle caress of the soil, a flower’s sweet smell — they grounded Hughes, who was dying of cancer, reminding him to live in the moment. “It gives you a chance to see that there’s more to life than what you’re living in,” Hughes said before passing away […]

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West Ventura County View All →

Proposed peaker plant in Oxnard bad idea because of flood vulnerability

By   1 week ago

Reliability is the key point emphasized in the Pacific Coast Business Times editorial July 17 (Oxnard peaker plant should be approved). During the CPUC evidentiary hearings held in May regarding the NRG proposal, the city of Oxnard provided proof based on state of the art scientific evidence that storm surge patterns and sea level rise […]

Read More →

Brooks photography school will focus on Ventura expansion

Tim Meyer critiques student work in his "Lighting People" class at Brooks Institute in Ventura.

By   1 week ago

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Alternative proposed to prevent peaker plant along Oxnard coast

By   1 week ago

One of the biggest stories in Ventura County these days is the debate over the so-called “peaker plant” proposed by independent power producer NRG to replace a couple of aging power stations along the Oxnard coastline. And, when the Business Times editorialized in favor of building a peaker plant on July 17, we clearly created […]

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Texas taxes too tempting for Ventura bra maker

By   1 week ago

California is not a business-friendly state. So after nearly 22 years in Ventura, Fashion Forms, the company that developed the push-up water bra, is leaving for Austin, Texas. About five California companies per week were making similar moves just a few years ago, fleeing to better business climates. And while that tide has stemmed some, […]

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Ventura-based bra maker Fashion Forms is moving to Austin, Texas

By   2 weeks ago

Ventura-based bra maker Fashion Forms is moving to Austin, Texas. “I am moving my headquarters and have bought a home in Austin as well, so I will be working out of there,” CEO Ann Deal said in an email to the Business Times. “This transition will be roughly October or November of this year.” The […]

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Port of Hueneme needs deeper channel to grow

The Port of Hueneme's new strategic plan calls for dredging a deeper channel.

By   2 weeks ago

  The Port of Hueneme’s new long-term strategic plan calls for dredging a deeper channel so the port can handle more container ships. The port also plans to increase its use of rail shipping and make other improvements to stay on the cutting edge of global trade. The Oxnard Harbor District, which owns and operates […]

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Ventura demonstrates water treatment facility

By   3 weeks ago

The water was clear on July 16 at the Ventura Potable Water Reuse Demonstration Facility, though it wasn’t always clear. The city of Ventura officially opened the demonstration facility Thursday morning on a tour for media and other selected guests. The facility takes treated waste water and treats it even more, which turns it into […]

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Camarillo-based Semtech to lay off 8 percent of workforce

By   3 weeks ago

Camarillo-based Semtech Corp. announced plans to lay off about 8 percent of its workforce. Semtech, which makes analog and mixed signal semiconductors and announced the cuts July 15, didn’t provide details about the total number of employees that will be laid off, or where the cuts will happen. The company said in a news release […]

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South Coast View All →

UCSB named West Coast hub for Photonics Institute

By   1 week ago

UC Santa Barbara’s Institute for Energy Efficiency will play a lead role in a $110 million federal program to develop new electronic products using the next generation of chip technology. UCSB will become the west coast hub for the newly formed American Institute for Manufacturing of Photonics (AIM), teaming with lead institution State University of […]

Read More →

Santa Barbara’s Burger Bus serves up food around town

Burger Bus owner Cheryl Gardener serves one of her locally sourced burgers and fries.

By   1 week ago

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Minus a plus for South Coast organization advocating workforce housing

By   1 week ago

Craig Minus was recently elected president of the Coastal Housing Coalition Board of Directors as the organization marks a decade of advocating and creating opportunities to increase workforce housing on the South Coast. The appointment comes at a critical juncture as the supply of workforce housing has significantly decreased in the past several years, according […]

Read More →

Electrician turns Santa Barbara building into gallery

Art lovers have been checking out Charlie Mitchell's new art gallery in Santa Barbara since it opened July 3.

By   3 weeks ago

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Lynda Weinman’s big gift gives Women’s Economic Ventures money to expand

Marsha Bailey is the founder of Womens Economic Ventures.

By   3 weeks ago

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No alternative to Plains pipeline monopoly

Workers clean up the Refugio oil spill.

By   3 weeks ago

Despite  controversy and allegations of lax oversight and maintenance of the Plains All American pipeline that ruptured and tainted the Gaviota coastline, experts say the oil pipeline is here to stay. Like it or not, research shows that pipelines are still the safest and most environmentally friendly way to transport oil. A 2013 report on […]

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‘Making things right’ after Refugio oil spill more than lip service

A California Highway Patrol officer warns volunteers who showed up May 20 to clean up oil near Refugio State Beach from a 21,000-gallon pipeline spill to leave the area because it was too hazardous.

Photo by Debra Giles

By   1 month ago

Plains All American Pipeline, the Houston-based company responsible for the oil spill near Refugio Beach on May 19, should stop the bullshit. Plains’ aversion to providing honest answers about the spill was on full display June 26 at a joint oversight hearing by the Assembly Natural Resources Committee and the Senate Select Committee on the […]

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Vintners decry proposed changes to Santa Barbara County winery ordinance

A worker harvests Shiraz grapes by hand at the Helen & Joey Estate vineyard in the Yarra Valley region of Greater Melbourne, Australia, on Monday, March 23, 2015. Though the area's 100-plus wineries make only 4 percent of Australia's wine, the Yarra Valley is a hotbed of young ambitious winemakers. Photographer: Carla Gottgens/Bloomberg

By   1 month ago

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Central Coast View All →

Amazon plans to hire more San Luis Obispo workers

By   3 days ago

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Who’s next after Firestone Walker investment deal

By   1 week ago

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Los Olivos AVA to expand wine profile of Santa Ynez Valley

Fred Brander is one of Santa Barbara County's most senior viticulturists.

By   2 weeks ago

  It won’t be long before the region’s wine map will be shaded in with Santa Barbara County’s newest viticultural area, the Los Olivos District, nearly completing a profile of the Santa Ynez Valley as a diverse wine producer. Fred Brander, one of the county’s most senior viticulturists, began exploring the idea of an American […]

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Paso Robles craft brewer Firestone Walker gains Belgian partner

By   2 weeks ago

A Belgian Devil has partnered with the Lion and Bear of Paso Robles. Firestone Walker, the 16th largest craft brewer in the United States, announced July 16 that Duvel Moortgat, the 144-year-old, fourth generation family-owned Belgian brewer, has made a hearty investment in the maker of the popular 805 beer. Industry rumors first put the […]

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CoBank predicts minimal drought losses for Central Coast farmers

By   3 weeks ago

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Going public with companies fuels healthy communities in Tri-Counties

By   1 month ago

The health of our communities is directly tied to the health of our local businesses. We cannot have one without the other. Although in good economic times it is easy to lose sight of our region’s competiveness to attract and retain businesses in a world where many companies can operate from anywhere. If our communities […]

Read More →

‘Making things right’ after Refugio oil spill more than lip service

A California Highway Patrol officer warns volunteers who showed up May 20 to clean up oil near Refugio State Beach from a 21,000-gallon pipeline spill to leave the area because it was too hazardous.

Photo by Debra Giles

By   1 month ago

Plains All American Pipeline, the Houston-based company responsible for the oil spill near Refugio Beach on May 19, should stop the bullshit. Plains’ aversion to providing honest answers about the spill was on full display June 26 at a joint oversight hearing by the Assembly Natural Resources Committee and the Senate Select Committee on the […]

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Vintners decry proposed changes to Santa Barbara County winery ordinance

A worker harvests Shiraz grapes by hand at the Helen & Joey Estate vineyard in the Yarra Valley region of Greater Melbourne, Australia, on Monday, March 23, 2015. Though the area's 100-plus wineries make only 4 percent of Australia's wine, the Yarra Valley is a hotbed of young ambitious winemakers. Photographer: Carla Gottgens/Bloomberg

By   1 month ago

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