Westlake Village biotech company MannKind restructures debt
Health Care & Life Science, Latest news, Technology, Tri-County Public CompaniesMannKind announced Oct. 23 that it had restructured debt due in 2018, exchanging $27.7 million in convertible notes for $23.7 million due in October of 2021 and nearly 1 million shares of its common stock. The new convertible senior subordinated exchange notes have a rate of 5.75 percent, the Westlake Village-based biotech company said in Read More →
Sierra Bancorp reports higher net income
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesSierra Bancorp, parent company of the Bank of the Sierra, had diluted earnings per share of 41 cents for the third quarter of 2017, the company announced in its earnings report on Oct. 23. In a news release, the company said it had consolidated net income of $5.7 million for the third quarter of 2017 Read More →
Investor sues Deckers over board member slate, annual meeting
Latest news, South Coast, Tri-County Public CompaniesDeckers Brands investor Marcato Capital Management has filed a lawsuit against the company to get a new slate of board members approved and ensure that its annual shareholder meeting will take place as planned on Dec. 14. Marcato purchased around 6 percent of the Goleta Ugg boot-maker’s stock in February and now owns around 8.4 Read More →
New bids to replace Puente Power Project likely to be smaller
Energy, Latest news, West Ventura CountyA new round of bids for a replacement for the now-shelved Puente Power Project will likely save consumers money, according to an influential state senator representing Ventura County. Sen. Henry Stern, a Democrat whose district includes Simi Valley and Thousand Oaks, told a panel at the 47th annual Ventura County Economic Development Association outlook conference Read More →
Cal Poly SLO, Amazon team up on digital transformation
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Silver Air offers new service out of Santa Barbara airport
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Semtech partners with Chinese bike-sharing company
Latest news, TechnologyCamarillo Internet of Things company Semtech struck up a partnership with Chinese bike-sharing company ofo, using its long-range, low power wireless technology to keep tabs on ofo bikes. Called LoRa, the network technology enables ofo to track bikes in remote or densely constructed areas. The company provides bike-sharing in more than 180 cities worldwide, using Read More →
