Teledyne Technologies reports decline in net income
Earnings, Latest news, Technology, Tri-County Public CompaniesThousand-Oaks based Teledyne Technologies reported a drop in net income for its fiscal year 2016 over the prior year, with a 7 percent fourth quarter drop in sales to $552.9 million. Net income from continuing operations came to $192.9 million, or $5.43 per diluted share, compared to $198 million in 2015, while total sales fell Read More →
Agilent cancer treatment approved in Europe
Health Care & Life Science, Latest news, TechnologyAgilent Technologies, with offices in Carpinteria, announced a product designed to identify previously untreated non-small cell lung cancer patients with a tumor proportion score of 50 percent or more was approved for use in Europe in conjunction with Merck’s Keytruda therapy. Before using the product – called PD-L1 IHC 22C3 pharmDx and developed by Agilent Read More →
MOXI science museum to open doors Feb. 25
Higher Education, Latest news, NonprofitsMOXI, The Wolf Museum of Exploration + Innovation announced it would open Saturday, Feb. 25 at its new 17,000-square-foot space located at 125 State St. in Santa Barbara. Twenty-five years in the making, the museum will offer hands-on science and technology exhibits and expects to attract more than 100,000 guests in its first year. “The entire Read More →
CompuVision, Sagewood announce consolidation
Health Care & Life Science, Latest news, TechnologyIT services company CompuVision announced a partnership with health care technology services company Sagewood Systems, both based in Santa Barbara, on Jan. 31. The move will consolidate the companies’ technology, management and communications offerings under the CompuVision brand, it said in a news release, including consulting, enterprise applications and a “hyperconverged infrastructure” system that combines Read More →
Amgen CEO meets with Trump, vows to add 1,600 jobs
Health Care & Life Science, Latest newsAmgen CEO Robert Bradway met with President Donald Trump on Jan. 31 and vowed to add 1,600 jobs, Bloomberg News reported. Trump told biotech leaders at a White House meeting that drug prices needed to come down and he would find a way to streamline the regulatory process. He has discussed having the government negotiate Read More →
American Riviera Bank’s net income soared in 2016
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesSanta Barbara-based American Riviera Bank reported net income of $4.1 million in 2016, or 94 cents per share, up from $1.3 million in 2015, or 48 cents per share, as the acquisition of The Bank of Santa Barbara has paid dividends, the company said. The all-stock transaction, completed in January 2016, created a combined institution Read More →
Heritage Oaks Bancorp beats revenue, income estimates
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesHeritage Oaks Bancorp, the holding company of Paso Robles-based Heritage Oaks Bank, beat analyst estimates in both year-over-year revenue and net income. The bank reported $20.3 million in revenue in 2016, a 12 percent increase from 2015, outpacing analyst expectations by more than $1 million. Net income reached $16.9 million, or 49 cents per diluted Read More →
