LTC Properties reports increase in net income
Earnings, Latest news, Tri-County Public CompaniesWestlake Village-based LTC Properties announced a 15.7 percent increase in net income to $20.6 million, or 53 cents per diluted share, for the quarter ended Dec. 31. Revenues increased from $30.8 million for the fourth quarter of 2015 to $34.8 million for the fourth quarter of 2016, attributed in part to higher investing activities. Interest Read More →
Resonant agrees to sell $7.5 million in stock to Longboard
Latest news, Technology, Tri-County Public CompaniesGoleta-based radio frequency front-end designer Resonant agreed to allow its stockholder Longboard Capital Advisors to purchase $7.5 million worth of stock and stock warrants. Expected to close Feb. 22, each unit in the offering will be sold for $4.61, the average closing price for Resonant common stock between Feb. 3 and Feb. 16. In addition, Read More →
Judge denies Plains’ motion to set aside criminal indictment over oil spill
Energy, Latest news, Law & GovermentSanta Barbara County Superior Court Judge Jean Dandona denied defense counsels’ motions to set aside the criminal indictment against Plains All American Pipeline and James Buchanan, the environmental and regulatory compliance specialist for Plains, with the exception of one misdemeanor count against Buchanan, Santa Barbara County District Attorney Joyce Dudley said Feb. 21. Plains was Read More →
The Trade Desk stock up 8 percent as firm sells 5 million shares
Earnings, Latest news, Technology, Tri-County Public CompaniesShares of Ventura-based The Trade Desk jumped 8 percent to $35.00 as the company announced the launch of a 5 million share offering by current investors. At the company’s closing price on Feb. 21, the offering would have a gross value of around $165 million before a possible 10 percent overallotment, as disclosed in the Read More →
Genentech sues Amgen over biosimilar drug info
Health Care & Life Science, Latest news, TechnologyRoch AG subsidiary Genentech filed a lawsuit against Amgen claiming the Thousand Oaks-based company obstructed its investigation of whether the biosimilar Amgen is developing for Genentech’s cancer treatment Avastin violates the company’s patents, according to reports Feb. 20. Sales for Avastin, a treatment for lung, colon, ovarian and other types of cancer, reached $6.8 billion Read More →
The Trade Desk reports strong income growth
Earnings, Latest news, Technology, Tri-County Public CompaniesThe Trade Desk reported a 29 percent increase in net income in its fiscal year 2016 earnings statement Feb. 16 and filed a proposal with the Securities and Exchange Commission for a follow-on stock offering. The Ventura advertising platform company made $10.3 million in the fourth quarter of 2016 for a total of $20.5 million Read More →
Santa Barbara city, county suing landlord Dario Pini for $8.1 million in penalties
Latest news, Real EstateUpdated at 5:50 p.m. on Feb. 16: Santa Barbara County District Attorney Joyce Dudley and Santa Barbara City Attorney Ariel Calonne filed a lawsuit against infamous landlord Dario Pini seeking more than $8.1 million in penalties for alleged unfair business practices, the DA announced Feb. 16. The suit stems from the city’s inspection of the Read More →
