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Opinion: Carmen Ramirez’s death is a wake-up call for street safety
By Rick Cole “We have breaking news tonight where a deadly vehicle vs. pedestrian accident has claimed the life of Carmen Ramirez,” the Channel 7 anchor announced. “She’s the chair of the Ventura County Board of Supervisors.” Ramirez was using the crosswalk at the intersection of 7th and A streets in Oxnard’s downtown when she Read More →
Read More →List of fastest growing private companies includes 22 from tri-county region
The Central Coast showcased the diversity of its companies in the latest edition of the Inc. 5000, as 22 companies based in tri-county region made the magazine’s list of the 5,000 fastest growing privately held companies in the country. Of those 22 companies, seven were in the top 1,000, and they come from a variety Read More →
Read More →Newsom proposes $1.4B to keep Diablo Canyon open
Keeping Diablo Canyon nuclear power plant open could cost California as much as $1.4 billion, under new legislation proposed by Gov. Gavin Newsom on the eve of a hearing to discuss the contested future of the plant on the San Luis Obispo County coast. On Aug. 11, Newsom proposed, through draft legislation distributed to lawmakers, Read More →
Read More →Ventura County mourns Supervisor Carmen Ramirez
Ventura County leadership was in a state of shock as news spread that Carmen Ramirez, chair of the Ventura County Board of Supervisors, was struck by a pickup truck and killed in downtown Oxnard on Aug. 12. Ramirez, 73, was leaving an evening meeting and crossing a street when the accident occurred. Among the business Read More →
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Sientra lowers guidance, shares drop 20%
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Read More →Dubroff: David McCullough made an impression on the South Coast
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Read More →Good Works: B of A gives $565k in region; Mechanics Bank buys new imaging unit for CMH
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Read More →Our View: New CEO a wise choice by Ventura County supes
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Read More →Real Estate View All →
Real Estate: Lease inked on new Oxnard industrial distribution building
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Read More →Rising interest rates, uncertain economy haven’t slowed homebuilding in region yet
Despite rising interest rates and a potentially slowing U.S. economy, homebuilders and residential developers seem eager to build in the tri-county region. The costs of materials and labor to build new homes have increased, and rising interest rates means potential homebuyers have to pay more mortgage interest, leaving less money for the principal. Developers are Read More →
Read More →Thousands of new homes in pipeline in Moorpark
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Read More →Dispute over Cal Poly dining hall lands in court
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Read More →Velocity reports earnings growth in Q2
Real estate finance company Velocity Financial saw its second quarter net income increase and its total loan portfolio grow from 2021 to 2022, according to an earnings statement the company released on Aug. 4. The Westlake Village-based company reported net income of $10.6 million, or diluted earnings per share of 31 cents, in the second Read More →
Read More →Real Estate: ‘Trophy asset’ apartment building in Santa Barbara sells for $4M
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Read More →LTC shares up after report of rising earnings for Q2
Westlake Village-based real estate investment trust LTC Properties reported net income of nearly $55 million, or $1.36 per diluted share, for the second quarter ended June 30. That was up from $18.1 million, or 46 cents per diluted share, for the same period last year. Funds from operations attributable to common stockholders were $25.3 million Read More →
Read More →Thousand Oaks real estate firm manager arrested on charges of stealing $1M from business
The Ventura County Sheriff’s Department arrested the former operations manager of Aviara Real Estate in Thousand Oaks on July 26, on suspicion of stealing more than $1 million from the business, the Ventura County Sheriff’s Department announced July 26. Dana Hiscock Vines was arrested in Malibu and faces 18 felony counts of grand theft, the Read More →
Read More →Technology View All →
Sonos shares down 25% after missing earnings and revenue expectations, lowering full-year guidance
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Read More →Trade Desk shares skyrocket after strong Q2 earnings report
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Read More →Energy Vault shares down after company reports Q2 loss
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Read More →Procore reports growing revenue and shrinking losses, but narrowly misses analysts’ Q2 estimates
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Read More →Column: Chips Act could be a boon for region’s tech companies
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Read More →New Mindbody CEO discusses company’s post-pandemic rebound
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Read More →LaunchPoint closes second seed round
LaunchPoint Electric Propulsion Solutions, a Goleta company that makes electric engines and other components for the aerospace industry, has closed a fully subscribed second round of seed funding, the company announced Aug. 2. LaunchPoint did not disclosed details of the funding round, including the amount raised and the major investors. LaunchPoint was founded in 2018, Read More →
Read More →Semtech announces $1.2B Sierra Wireless acquisition
Semtech Corporation, a Camarillo-based semiconductor company specializing in Internet of Things applications, is making its largest acquisition ever, announcing Aug. 2 that it will buy Sierra Wireless for $1.2 billion. Based in Vancouver, Canada, Sierra Wireless also makes components for Internet of Things applications. “Internet of Things” refers to devices connected to the internet that Read More →
Read More →Health Care & Life Science View All →
Sientra lowers guidance, shares drop 20%
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Read More →MannKind reports Q2 loss but beats revenue expectations
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Read More →Atara announces plan to cut workforce by 20%
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Read More →Inogen beats Q2 estimates, but shares still drop
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Read More →Amgen beats analysts’ expectations for earnings and revenue in Q2
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Read More →Amgen to buy ChemoCentryx for $3.7B
Amgen was having a relatively quiet year on the mergers and acquisitions front, at least until Aug. 4, when the Thousand Oaks-based biotech firm announced it will purchase ChemoCentryx for nearly $3.7 billion. ChemoCentryx is a Silicon Valley biopharmaceutical company focused on orally administered therapeutics to treat autoimmune diseases, inflammatory disorders and cancer. It has Read More →
Read More →Arcutis to raise $150M in public stock offering
Arcutis Biotherapeutics, a Westlake Village-based company developing drugs for immune dermatological conditions, plans to raise $150 million through a public offering of additional shares of common stock. Arcutis announced the pricing of those shares on Aug. 2, at $20 per share. Shares of Arcutis closed at $19.50 that day and then shot up 17% on Read More →
Read More →Cure sells $20M in intellectual property, replaces CEO and CFO
Oxnard-based Cure Pharmaceutical, a drug delivery platform and CBD products company, will be selling a portion of its intellectual property and related assets for $20 million, the company announced July 28. The buyer was a company called TF Tech Ventures, and the deal closed July 22, Cure said in a July 28 filing with the Read More →
Read More →Agribusiness View All →
Wine Buzz: ‘Exodus’ by insurance carriers leaves wineries in the lurch
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Read More →Ventura, Santa Barbara County ag revenues both grew 5% in 2021
Both Santa Barbara and Ventura counties saw total agriculture revenue rise 5% between 2020 and 2021, combining for nearly $4 billion in revenue, despite a steep decline in a usually popular fruit, avocados. The 2021 crop reports for both Santa Barbara County and Ventura County were released in late July, while the county of San Read More →
Read More →Cal Poly gets nearly $40M in state funds for sustainable ag programs
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Read More →FreshRealm CEO: Company will use $200M investment to ‘play offense in the market’
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Read More →FreshRealm raises $200M in region’s largest funding round of 2022
Ventura-based FreshRealm took a huge bite from the venture capital market on July 20, with the company announcing a $200 million funding round, by far the biggest this year by a company in the tri-county region. Specific leaders of the funding round were not disclosed, but the company’s news release said it was “led by Read More →
Read More →Cal Poly Ventures invests in animal health spin-out
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Read More →Layoffs ‘largely not’ California-based, Apeel says
Goleta-based Apeel Sciences will lay off an unspecified amount of workers and downsize its operations after years of continued growth that took it past a valuation of $2 billion in its last funding round. In a statement provided to the Business Times on July 11, an Apeel spokesperson said the company is “working tirelessly to Read More →
Read More →Wine Buzz: Wine in a can? Yes, we can, say Central Coast wineries
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