Weak peso could be trouble for tri-county ag producers
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CSU Channel Islands finds solution to housing shortage
Our universities are leading the way toward providing private sector solutions to the region’s chronic housing deficit. It will take courage, but civic leaders and elected officials should take note. The latest solution comes from CSU Channel Islands, where a donation of land for housing has enabled private developers to build quickly and nearly complete Read More →
Nonprofit boards should focus on what matters
By Charles Watson It is often said that nonprofits should be more businesslike. Although I usually take umbrage at such a sweeping generalization, the point that many a nonprofit fails because it loses sight of good financial and operational management practices is worth taking to heart. Nonprofit Quarterly, a leading publication of the sector, suggests Read More →
Deckers Outdoor first quarter operating loss bigger than last year
Goleta-based Deckers Outdoor announced an operating loss of $78.3 million, a 23 percent increase over the same period last year, for its fiscal first quarter 2017, ended June 30. Diluted losses per share rose from $1.43 to $1.84 year-over-year due to decreases in sales across its Ugg, Teva and Sanuk brands. The timing of order Read More →
Judge keeps Plains oil spill grand jury transcripts sealed
Plains All American Pipeline and Plains employee James Buchanan pleaded not guilty to criminal charges regarding the Refugio oil spill and the court ruled on July 28 that the grand jury transcripts in the indictment will remain sealed until the trial’s completion. Houston-based Plains was charged with four felonies and 42 misdemeanors after its corroded Read More →
Amgen reports revenue increase in second quarter earnings
Updated on July 27 at 4 p.m.: Amgen reported a 6 percent increase in revenue and a 15 percent increase in earnings per share in its second quarter earnings released July 27. Revenues grew to $5.7 billion due to higher sales of the company’s drugs Enbrel, Prolia, Kyprolis and Xgeva, and operating income increased 15 Read More →
MindBody reports revenue increase, narrows loss in second quarter
San Luis Obispo-based software firm MindBody substantially narrowed its loss for the second quarter, an indication the company’s plan to reach profitability is on track. The company said July 27 that its revenue jumped 36 percent to $33.6 million as its loss, using generally accepted accounting principles or GAAP, narrowed to $6.6 million or 16 Read More →
