Amgen stock rises
Thousand Oaks-based Amgen’s stock price rose the most in four years July 8 after the company reported its lead experimental product, a bone strengthening medicine, worked better than a potential rival in a study, Bloomberg News reported. Shares surged $8.16, or 16 percent, to $60.39 at 9:44 a.m. in Nasdaq Stock Market composite trading. Read More →
Frozen yogurt heats up as economy melts down
Stroll along State Street in Santa Barbara and you’ll find them dotted around town like candy sprinkles. There’s Yogurtland, Red Mango, Rock’n Yogurt and Pinkberry — to name a few. In Ventura and Oxnard, there’s Yogurberry, Tutti Frutti, Golden Swirl and U Yogurt, and up in San Luis Obispo, Bali’s and Yogurt Creations are just Read More →
Downtowns face reality
Tri-counties downtown organizations are ramping up their efforts to help merchants navigate choppy economic waters. And Oxnard, the region’s largest city, has a new leader to drive downtown economic development. Abel Magaña is the new executive director for the Oxnard Downtown Management District, a business improvement district. He comes on as the Economic Development Corp. Read More →
Banking: New rules for a new game
More than a decade ago, a pair of expansion-minded competitors, Mid-State Bank & Trust and Pacific Capital Bancorp, parent of Santa Barbara Bank & Trust, rewrote the rules for the banking game. • Simpler structures will be the name of the game. Bank of America is selling off First Republic, a longtime player in South Read More →
101 traffic upgrade goes before the public
One of the unintended consequences of the current economic meltdown may be public acceptance for widening Highway 101 through the Montecito area of Santa Barbara County. Caltrans, Santa Barbara city and county, the city of Carpineria and the Santa Barbara County Association of Governments all have lined up in support of the plan to put Read More →
