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Google taps UCSB for quantum computing

By   /  Tuesday, September 2nd, 2014  /  Latest news, South Coast, Top Stories  /  No Comments

Google has selected a UC Santa Barbara lab for a new quantum computing initiative just a short distance from where Microsoft has an outpost, setting up a battle among tech giants on the South Coast.

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Firms shape up for success with workplace wellness programs, perks

By   /  Friday, August 29th, 2014  /  Central Coast, East Ventura County, Green Coast, Health Care, South Coast, Technology, Top Stories, Tri-County Economy, West Ventura County  /  No Comments

Employees at software firm Mindbody enjoy benefits ranging from on-site yoga classes to opportunities to play Frisbee and board games. It’s all part of maintaining a happier workforce, the company said, which in turn leads to lower insurance costs. (Nik Blaskovich photo)

  At the San Luis Obispo headquarters for international software company Mindbody, employees can break away for noontime yoga or retreat to one of the building’s downstairs spa rooms for a massage or facial. Amid high ceilings, colorful beanbag chairs and exercise balls, employees at Mindbody are working in an atmosphere that’s anything but the […]

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After Ventura County court battle, pension tensions endure

By   /  Friday, August 29th, 2014  /  Central Coast, East Ventura County, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  4 Comments

pensiongraphicscreenshot

For most of the summer, Ventura County was at the heart of a statewide debate over public-sector pensions. Reformers spent tens of thousands of dollars on a proposed referendum to change Ventura County’s public employee retirement system from a defined-benefit system to a 401(k)-style system. On Aug. 4, the battle ended when a judge struck […]

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Cabbies hail help from Sacramento: Bills target Uber, Lyft

By   /  Friday, August 29th, 2014  /  Central Coast, Law, Small Business, South Coast, Technology, Top Stories, Tri-County Economy, West Ventura County  /  No Comments

Santa Barbara Lyft driver Tye Gomez with the brand's signature pink faux mustache. Two pending bills in the state Senate look to add new restrictions and requirements to ridesharing services such as Lyft and its rival, Uber. (Nik Blaskovich / Business Times photo)

Two pending bills in the state Senate could significantly change the competitive landscape between booming ridesharing startups such as Lyft and Uber and the flagging taxi-cab industry in California.

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29-acre home development in Fillmore gets council go-ahead

By   /  Friday, August 29th, 2014  /  Central Coast, Columns, East Ventura County, Real Estate, South Coast, Tri-County Economy, West Ventura County  /  No Comments

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Stantec to buy tri-county engineering firm Penfield & Smith

By   /  Thursday, August 28th, 2014  /  Central Coast, East Ventura County, Real Estate, South Coast, Technology, Top Stories, West Ventura County  /  No Comments

Penfield & Smith president and CEO Hady Izadpanah. (courtesy photo)

Stantec, a large publicly traded design and consulting company, is acquiring Santa Barbara-based engineering firm Penfield & Smith. Terms of the deal, expected to close in October, were not disclosed. Penfield & Smith has regional offices in Santa Barbara, Camarillo and Santa Maria. The company had revenue of $16 million last year, according to Business […]

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QAD’s second-quarter profits drop despite record revenue

By   /  Wednesday, August 27th, 2014  /  Banking & Finance, Personal Finance, South Coast, Technology, Tri-County Economy  /  No Comments

Shares of Summerland-based business software firm QAD fell Aug. 27 on news that the company’s second-quarter profits dropped 24.2 percent to $985,000. QAD reported record revenues and higher operating income during the second quarter. Its total revenue climbed 12 percent to a second-quarter record of $73.1 million, it said, up from $65.2 million in the […]

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