Wine grapes rebound from dismal yields in 2015
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Proposition 61 will not cure sky high drug prices
Proposition 61 goes before California voters in just a few weeks. And as the Business Times reported on Oct. 14, Amgen, the Thousand Oaks-based biotech giant, along with other major drug companies, is spending millions to oppose Proposition 61 and its plan to control drug prices. Proponents promote the David vs. Goliath aspect of their Read More →
Being in charge of a company does not make you a leader
By Ritch K. Eich It’s been a bad year for some top business, media and political leaders. Roger Ailes, the founder, former chairman and CEO of Fox News, was ousted after numerous complaints of sexual harassment surfaced. Rep. Debbie Wasserman Schultz resigned as head of the Democratic National Committee after a leak exposed efforts to Read More →
Phillips 66 appeals denial of crude-by-rail expansion project
In a move many expected, Phillips 66 appealed the San Luis Obispo County Planning Commission’s denial of its proposed crude-by-rail expansion project at its Santa Maria Refinery. The commission narrowly voted down the proposal 3-2 after months of discussion and public comment, ultimately siding with staff’s recommendation. The potential harm of a derailment and the Read More →
Doctor buys Thousand Oaks property for medical clinic
Orthopedic and sports medicine specialist Dr. Greg Tchejeyan purchased the 250 Lombard St. property in Thousand Oaks for $1.6 million, Westcord Commercial Real Estate announced Oct. 20. The 4,800-square-foot office space was previously owned by the construction firm Wesley Thomas. Tchejeyan will relocate his practice from Los Robles Medical Center and redevelop the space into Read More →
Channel Technologies files for bankruptcy protection
Channel Technologies, a Santa Barbara-area ceramic components maker that built products used in the Navy’s sonar gear for decades, has filed for bankruptcy protection amid losses on long-term contracts. The company was expected to lose $11.6 million this year on around $30 million in revenue as it struggled to meet the terms of contracts it Read More →
Montecito Bank & Trust net income down but loan, deposit growth strong
Santa Barbara-based Montecito Bank & Trust reported $10.9 million of net income in the third quarter, down from $12.2 million over the same period last year, but had strong loan and deposit growth. In 2016, MB&T discontinued reversals of excess loan loss reserves to support loan growth, which is reflected in the reduced year-to-date net Read More →
