Carpinteria chamber backs drilling proposal
The Carpinteria Valley Chamber of Commerce has gone from neutral to supportive of Measure J, which would allow Venoco to drill offshore for oil and gas from an onshore rig in the city. The Carpinteria City Council opposes Measure J, which will be on the June 8 ballot. The business community is divided. When the Read More →
Updated story: In Santa Barbara County, slow growth softens recession
Santa Barbara County will experience a shorter and shallower recession than the rest of the region, the UC Santa Barbara Economic Forecast Project said. Speaking to 600 business and community leaders April 22, Chris Thornberg and Brad Kemp of Beacon Economics said Santa Barbara County went into recession later than Ventura and San Luis Obispo Read More →
Amgen first-quarter earnings up 14 percent to $1.2B
Thousand Oaks-based biotech giant earned $1.2 billion in the first quarter of the year – an increase of 14 percent over earnings of $1 billion in the first quarter a year ago. It saw revenues from several of its key moneymaker drugs increase, and said it remains optimistic about a new drug in the pipeline. Read More →
"Superior proposal" made for CKE
[Editor’s note: This story was updated at 2:25 p.m. on April 20, to reflect the correction at the bottom of the article.] A $75 million price hike has restarted the bidding war for CKE Restaurants, the Carpinteria-based parent of Carl’s Jr. and Hardees. CKE said April 18 that it has received a buyout offer worth Read More →
Putting Cal Lutheran on the map
As part of its 50th anniversary celebration, California Lutheran University has taken the wraps off a much-anticipated economic impact study. It turns out that the Thousand Oaks campus pumped $142 million into the Ventura County economy in its last fiscal year, accounting for about 1,400 jobs and, importantly, more than $20 million in capital expenditures, Read More →
Business takes action to save vital flights
In Santa Barbara and Ventura counties, a business-led effort to reverse United Express’ plans to slash service between the Central Coast and major markets is beginning to gain altitude. In Ventura County, the pushback has begun with a grassroots petition effort to restore several daily United Express flights between Oxnard and Los Angeles International Airport. Read More →
