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Cruise ships bolster Santa Barbara economy

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pennymacWEB1

PennyMac Financial misses Wall Street estimates  

Staff Report I 1 hour ago

Moorpark-based PennyMac Financial Services reported a $26.5 million profit on revenue of $143.4 million for the first quarter of 2016, missing Wall Street expectations on Read More →
Sientra's headquarters in Goleta.

Breast implant maker Sientra loses $11.9 million in first quarter  

Staff Report I 4 hours ago

Sientra, the Goleta-based breast implant company which resumed sales in March after suspending them last fall, posted a loss of $11.9 million for the first Read More →
montecito-bank-and-trust2

Montecito Bank & Trust loans grew but net income down for first quarter  

Staff Report I 4 hours ago

Montecito Bank & Trust reported total assets of $1.3 billion in an April 27 statement. Loans grew to $722 million for the first quarter of Read More →
teledyne-isco-squarelogo-1432119494505

Teledyne Technologies reports lower first quarter sales  

Staff Report I 4 hours ago

Teledyne Technologies, based in Thousand Oaks, announced a drop in first quarter sales compared to the same period last year. In a May 5 statement, Read More →
The Santa Barbara County Economic Summit at the Granada Theatre on May 5.

U.S. unlikely to experience negative interest rates  

Staff Report I 8 hours ago

Story updated at 10:30 a.m.: The U.S. is unlikely to experience negative interest rates, Federal Reserve Bank of St. Louis President and CEO James Bullard Read More →
salem-communications-squarelogo-1439934934916

Salem Media beats revenue estimates but misses on earnings per share  

Staff Report I 1 day ago

Salem Media Group beat analyst revenue estimates but missed earnings per share estimates when it reported first quarter earnings May 4. Salem Media Group, a Read More →
Workers enjoy MindBody’s San Luis Obispo headquarters.

MindBody hits net loss per share estimate  

Staff Report I 2 days ago

MindBody exceeded analysts’ revenue estimates and hit analysts’ net-loss-per-share estimates when it reported first quarter earnings May 3. MindBody, a San Luis Obispo-based developer of Read More →
LTC-Properties-Logo

LTC Properties beat first quarter revenue estimates  

Staff Report I 2 days ago

Westlake Village-based LTC Properties beat analyst projections of revenue and funds from operations in its 2016 first quarter earnings report. The publicly traded real estate and Read More →
NO SALES

Dole Foods faces criminal investigation over listeria outbreak  

Staff Report I 6 days ago

Westlake Village-based Dole Foods is facing a criminal investigation from the U.S. Department of Justice over a listeria outbreak that killed four people. The Wall Read More →
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Kahn elected chairman of Santa Ynez Band of Chumash Indians  

Staff Report I 6 days ago

Kenneth Kahn was named new tribal chairman of the Santa Ynez Band of Chumash Indians late April 28 following a special election to replace Vincent Read More →
UCLA Health Services in Thousand Oaks.

UCLA Health Services buys medical office building in Thousand Oaks  

Staff Report I 6 days ago

The UCLA Board of Regents has paid more than $10 million to buy a medical office building from TR Funding, LLC, of Westlake Village that Read More →
Resonant Chief Technology Officer Robert Hammond shows off the company’s duplexer.

Resonant raises $6 million as it tries to stay afloat  

Philip Joens I 6 days ago

Resonant, a Goleta-based manufacturer of technology for the mobile device industry, raised $6 million in an offering to institutional and individual investors in a deal Read More →
Andrew Lucas, an IT tech specialist at Ventura College, wears 3D goggles as he tries out a giant touch screen computer.

New Ventura College science center has giant touch screen computer  

Philip Joens I 6 days ago

A new Ventura College technology center will give students the power to move the earth. The college dedicated its new Applied Science Center — which Read More →
An Airstream trailer at AutoCamp's first location on De La Vina Street in Santa Barbara.

Santa Barbara’s AutoCamp expanding to Russian River  

Marissa Nall I 6 days ago

After a successful Kickstarter marketing campaign, Santa Barbara company AutoCamp is taking its signature crossover of camping and hotel lodging north of the Bay Area. Read More →
Marissa Nall

Exchange rate volatility not hurting tourism in Tri-Counties  

Marissa Nall I 6 days ago

Fluctuating exchange rates throughout 2014 and 2015 impacted tourism at a national level but tri-county visitor spending hasn’t yet recorded a dip. Though it has Read More →
Henry Dubroff

Dubroff: Changes in media landscape will impact Tri-Counties  

Henry Dubroff I 6 days ago

How fast is the media landscape changing? Blink and you might miss something big. During the 48 hours before I sat down to write this Read More →
Alex Kacik

Industrial space vacancies remain low in Tri-Counties  

Alex Kacik I 6 days ago

Industrial space continues to be tight throughout the Tri-Counties. Tri-county vacancy rates have mostly remained below 5 percent over the past two years as some Read More →
Lee Schuh

Entrepreneurs should plan for retirement  

Guest commentary I 6 days ago

  By Lee Schuh Few entrepreneurs really think about preparing financially for retirement. Too many are depending on Social Security. Frankly, Social Security is only Read More →
Lisa Spiwak

Landlords learn to repurpose their malls  

Guest commentary I 7 days ago

  By Lisa Spiwak This is a season of discontent for retailers. There doesn’t seem to be a week that goes by without a national Read More →
Diablo Canyon Nuclear Plant near San Luis Obispo County’s Avila Beach is the last operating nuclear plant on the West Coast. (photo courtesy of PG&E Corp.)

Impact of Diablo Canyon closure needs studying  

Henry Dubroff I 7 days ago

We didn’t pull any punches when we wrote about California’s war on business in the April 22 edition of the Business Times. For a classic Read More →
heritage-oaks-logo

Heritage Oaks Bancorp beats analyst estimates for first quarter  

Staff Report I 1 week ago

Paso Robles-based Heritage Oaks Bancorp beat analyst estimates when it reported first quarter earnings April 28. The company said it had revenues of $19 million, Read More →
inphi-squarelogo

Inphi reports revenues up for first quarter  

Staff Report I 1 week ago

After missing analyst estimates in the fourth quarter of 2015, Inphi bounced back when it reported first quarter earnings April 28. Inphi reported revenues of Read More →
Thousand Oaks-based biotech giant Amgen is the region's largest private employer and only blue-chip stock. (Amgen courtesy photo)

Amgen exceeds Wall Street expectations for first quarter earnings  

Philip Joens I 1 week ago

Amgen blew away Wall Street expectations and raised its 2016 guidance when it released first quarter earnings April 28. The Thousand Oaks biotech giant had Read More →
William Flores

Antioch University Santa Barbara hires new president  

Staff Report I 1 week ago

Antioch University Santa Barbara has hired William Flores to be its new president. Flores will serve as the fourth president of the Santa Barbara campus, Read More →
banking

OCB Bancorp reports strong growth in first quarter of 2016  

Staff Report I 1 week ago

OCB Bancorp, parent company of Ojai Community Bank, Santa Barbara Community Bank, Ventura Community Bank and Santa Paula Community Bank, reported April 28 that it Read More →