Defense mergers shake the Tri-Counties
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Amgen joins lawsuit to block rule requiring drug pricing in TV ads
Thousand Oaks-based biotech Amgen filed a lawsuit alongside other pharma heavyweights and an advertising industry association that aims to strike down a new federal rule Read More →
Moorpark’s ERP Power acquires Lumenetix
Moorpark-based LED lighting company ERP Power acquired Scotts Valley-based lighting electronics producer Lumenetix for an undisclosed amount June 18. Lumenetix products tune lighting independently, powering Read More →
Flume working with Cal Poly and SLO on water conservation study
Cal Poly San Luis Obispo spinout Flume announced a collaboration with the university and the city of SLO to collect data for a water conservation Read More →
Cure Pharmaceuticals may double shares of common stock
Cure Pharmaceuticals shareholders will vote on a proposal to double the company’s shares of common stock from 75 million to 150 million and its common Read More →
Good Works: Cal Poly SLO students serious about recycling
Members of Cal Poly Thrift collected items in early June from students moving out of Cal Poly San Luis Obispo campus residence halls — diverting Read More →
Rocket Fizz store fizzles at Santa Barbara location
Rocket Fizz, a mainstay in the 1000 block of State Street, has closed its doors. The quiet demise of the downtown Santa Barbara store comes Read More →
California’s exports fall for third straight month
California’s merchandise export trade continued to slide lower for the third straight month, according to Beacon Economics’ analysis of the latest U.S. trade statistics from Read More →
Radius, KIBO Group building three-story, mixed-use project
Radius Commercial Real Estate, in partnership with Southern California developer KIBO Group, will build a three-story, mixed-use development in downtown Santa Barbara at 214-226 E. Read More →
Lakireddy: State needs policies that increase housing supply
By Sid Lakireddy With the pressing need to relieve the housing shortage, there has been multiple legislative proposals to address this growing crisis. Some proposals Read More →
J.P. Morgan plans one-stop banking center in Westlake Village
J.P. Morgan Private Bank’s first office in the Tri-Counties will be a one-stop shop for regional banking, combining multiple functions under one roof — commercial Read More →
Santa Maria getting career technical education center
Career education is making a comeback in California, and Santa Maria educators and industry professionals are driving the movement on the Central Coast. The Santa Read More →
Dubroff: Aerospace industry consolidation likely to continue
The blockbuster tie-up between Raytheon and United Technologies opens a new chapter in an ongoing story — consolidation in the aerospace industry. As an observer Read More →
Our view: Manufacturers urge VCCCD to train workers
It’s hard to imagine training engineers without engineering schools or CPAs without accounting classes or computer programmers without coding labs. But that is precisely what Read More →
FDA approves Amgen biosimilar Kanjinti
A third biosimilar product from Thousand Oaks-based biotech giant Amgen won approval from the U.S. Food and Drug Administration June 13 to treat three types Read More →
Arroyo Grande seeks hotel development proposals
The city of Arroyo Grande put out a request for hotel development proposals on up to two parcels of city-owned property on June 13. One Read More →
AeroVironment acquires Pulse Aerospace
Simi Valley aerospace manufacturer AeroVironment acquired Kansas-based Pulse Aerospace and its portfolio of small helicopter drones for $25.7 million in cash June 11. The deal Read More →
American Riviera Bank opens branch in SLO
Santa Barbara-based American Riviera Bank opened a full-service branch in downtown San Luis Obispo on June 10. Its first SLO County branch, in Paso Robles, Read More →
Goleta division of L3 lands big Navy contract
The U.S. Navy awarded the Goleta division of tech giant L3 a five-year, $41.4 million contract to design and install ocean sensor and electronic systems Read More →
Serimmune issues $1.4 million in promissory notes
Santa Barbara-based Serimmune issued $1.4 million in convertible promissory notes in June as part of a $7 million capital campaign. Five investors have so far Read More →
Sienna, MannKind stocks move on new trial data
Two Westlake Village biotech companies released new data from product trials, spurring stock moves and presaging capital raises to fund further research and development. Read More →
Limoneira earnings show tough second quarter amid bumper crop
Santa Paula citrus packing company Limoneira reported a steep drop in net income in the second quarter to $2.8 million, as an oversupplied market for Read More →
Wells Fargo names new head for commercial banking in region
Wells Fargo has restructured its commercial banking operations in the Greater Los Angeles area, a move that affects its Santa Barbara and Ventura county operations. Read More →
City of Santa Barbara upgrades employee tech
Santa Barbara’s public safety employees received a technology upgrade, with an investment by the city in automated scheduling software Workforce TeleStaff, by Massachusetts-based Kronos Incorporated. Read More →
Raytheon being acquired by United Technologies
United Technologies is doubling down on its defense and aerospace business with the announcement June 9 of a deal to acquire major regional employer Raytheon. Read More →
Sientra stock offering raises $108 million
Breast implant developer Sientra, based in Goleta, completed a follow-on stock offering June 7 that raised $108.1 million after expenses. The company sold 17.4 million Read More →
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