Sonos’ profits plummeted in FY2022, in line with industry
Latest newsTech market tanks By Jorge Mercado Senior Staff Writer Santa Barbara-based Sonos’ profits plummeted in fiscal 2022, in line with the technology sector. The maker of smart speakers’ net income plunged 33% in its recently ended fiscal year, the company announced after the market close Nov. 16. By comparison, First Trust’s NASDAQ-100-Technology Sector Index Fund fell Read More →
Retailers Cautious as Season Opens
Latest news, Retailing, Top StoryRetailers cautious as season opens By Madeleine Benn Staff Writer The outlook for regional retailers appears mixed this key holiday season. Industry observers, local merchants and shoppers interviewed voiced differing expectations about spending during a time of the year that remains crucial for many retailers, as November and December has traditionally been when consumers have Read More →
Parker Clay goes public
Retailing, Top StoryThis article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
U.S. grants PG&E $1.1B to keep Diablo open longer
Energy, Latest newsBy Jorge Mercado Senior Staff Writer The federal government has turbocharged Pacific Gas & Electric’s push to keep its controversial Diablo Canyon nuclear power plant online. The U.S. Department of Energy has given the project a $1.1 billion grant to help keep California’s last nuclear power plant operating through 2030, PG&E announced Nov. 21.The lifeline Read More →
Amazon job axe hangs over region
Economy, Technology, WorkforceBy Jorge Mercado Staff Writer Amazon’s massive layoffs could hit the Central Coast soon. News reports have said the company’s Nov. 14 announcement of 10,000 layoffs would include divisions with significant outposts in the Tri-County area. The world’s largest retailer’s facilities include warehouse and distribution centers in Ventura and Santa Barbara Counties, as well as Read More →
Artera visits Wall Street, hints at IPO
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