U.S. Bank deal to buy Union Bank could form region’s biggest banking company

Union Bank’s nearly 30-branch network in the Tri-Counties will become part of U.S. Bank in an $8 billion deal that will give Union Bank’s Japanese parent a nearly 3% stake in Minneapolis-based U.S. Bancorp. In a deal announced before the markets opened on Sept. 21, U.S. Bank said it was acquiring all of Union’s branches Read More →

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Amgen wins patent case  

Staff Report I 5 mins ago

Thousand Oaks-based Amgen had a big win in court on Sept. 20, as a federal court in New Jersey upheld multiple Amgen patents for its Read More →

Deadline approaching for final round of state pandemic relief grants  

Brooke Holland I 5 hours ago

Closed restaurants in Ventura early in the pandemic. Small businesses whose operations were closed or interrupted by the pandemic are eligible for state grants of Read More →

U.S. Bank deal to buy Union Bank could form region’s biggest banking company  

Staff Report I 11 hours ago

Union Bank’s nearly 30-branch network in the Tri-Counties will become part of U.S. Bank in an $8 billion deal that will give Union Bank's Japanese Read More →

Paso’s Pearce Services continues acquisition spree  

Staff Report I 1 day ago

Pearce Renewables, a Paso Robles-based operator of renewable energy structures, announced Sept. 16 that it has acquired Mountain Renewables, a provider of technical field services Read More →

Olaplex IPO will raise around $1B, company says  

Brooke Holland I 1 day ago

Olaplex, a hair care products company founded in Santa Barbara, expects to price its initial public offering of common stock between $14 and $16 per Read More →
Henry Dubroff

Dubroff: Attempt to recall Newsom backfired on California Republicans  

Henry Dubroff I 4 days ago

The people who should be enthusiastic about reform of the recall process are not just the folks who’ve been yakking the loudest about changing the Read More →

Figueroa Mountain Brewing reports progress in bankruptcy  

Jorge Mercado I 4 days ago

Figueroa Mountain Brewing’s chapter 11 bankruptcy reorganization took a step closer to being resolved after the second largest brewing company in the Tri-Counties confirmed it Read More →

Real Estate: Landlord puts $78.5M price tag on set of 10 Isla Vista properties  

Brooke Holland I 4 days ago

A huge listing has emerged in the seaside community of Isla Vista, where a Southern California family is asking $78.5 million for 10 student housing Read More →

Facing jump in demand due to pandemic, Women’s Economic Ventures gets federal grant  

Brooke Holland I 4 days ago

Santa Barbara-based Women’s Economic Ventures will use $171,000 in grant funding from the U.S. Small Business Administration to expand its services and mentoring program for Read More →

Our View: Universities keep our region on top in innovation  

Editorial Board I 4 days ago

If you want to know why the innovation culture is so important to the regional economy, look no further than the 2021 ranking of our Read More →

Opinion: Five ways your business can win the war for talent  

Guest commentary I 4 days ago

By Greg Bland With the U.S. economy continuing to grow, businesses are beginning to scale their operations back to pre-pandemic levels. Ventura, Santa Barbara and Read More →

Opinion: ‘Use it or lose it’ policy wastes our natural resources  

Guest commentary I 4 days ago

By James Salzman The Bureau of Land Management auction in February 2016 for oil and gas drilling rights near Arches National Park was unremarkable. The Read More →

Region’s unemployment rate down to 5.9% in August  

Tony Biasotti I 4 days ago

The tri-county region’s unemployment rate dipped below 6% in August for only the second time since the COVID-19 pandemic began, according to a Business Times Read More →

Governor signs bills that promise more housing density  

Brooke Holland I 5 days ago

Homes under construction in downtown Santa Barbara. Two new state laws will encourage more of this type of medium-density housing. (Brooke Holland photo) As California’s Read More →

Paso Robles gets $2.8M federal grant for broadband  

Staff Report I 5 days ago

The United States Department of Commerce announced Sept. 16 that it will award the city of Paso Robles $2.8 million to expand broadband access and Read More →

Ventura County names new harbor director  

Brooke Holland I 5 days ago

Michael Tripp Michael Tripp, a veteran harbor official in Los Angeles County, will replace the last leader of Channel Islands Harbor, who retired in August, Read More →

Westmont receives biggest gifts in its history  

Brooke Holland I 6 days ago

Westmont College in Montecito announced Sept. 15 that it had received the two largest cash gifts in its history, totaling more than $15 million. In Read More →

Cannabis company closes purchase of former Houweling’s Tomatoes greenhouses  

Tony Biasotti I 6 days ago

A Glass House Brands cannabis greenhouse in Carpinteria (courtesy photo) Glass House Brands, a publicly traded cannabis company, has closed its purchase of the former Read More →

Revenue down but earnings up at Limoneira  

Jorge Mercado I 1 week ago

Limoneira delivered a small earnings beat when the company announced its fiscal results for the third quarter of 2021. Limoneira had released preliminary results Aug. Read More →

Mission Produce drops 10% after missing earnings estimates  

Jorge Mercado I 1 week ago

Shares of Mission Produce fell nearly 10% on Sept. 14, the day after the Oxnard-based avocado distributor and grower shared a flat third quarter 2021 Read More →

Region’s brewers win Great American Beer Festival medals  

Tony Biasotti I 1 week ago

The team at Figueroa Mountain Brewing shows off three of the brewery's medals from the 2021 Great American Beer Festival (Brewers Association photo) Figueroa Mountain Read More →

UCSB makes U.S. News national top 30; Cal Poly, CLU among best in West  

Tony Biasotti I 1 week ago

UCSB was among U.S. News' top 10 national public universities for the eighth consecutive year. UC Santa Barbara cracked the top five among national public Read More →
Henry Dubroff

Dubroff: If you thought PPP was tricky to navigate, just wait for ERTC  

Henry Dubroff I 2 weeks ago

When it came to keeping small businesses afloat during the pandemic, the federal Paycheck Protection Program turned out to be an unlikely, though imperfect, lifeline Read More →

UCSB economist: ‘Bad news and good news’ with plentiful jobs but high unemployment  

Brooke Holland I 2 weeks ago

Nearly 18 months since the onset of the coronavirus crisis, there are more jobs available than the number of people unemployed in the United States. Read More →

State thinks solar-cell windows are the Next big thing  

Jorge Mercado I 2 weeks ago

A Next Energy Technologies window prototype (courtesy photo) As California aims to become more energy efficient over the next decade, investments into renewable energy are Read More →