Tri-county Wendy’s restaurants hacked in cyber attack
Several tri-county Wendy’s restaurants were hacked by malware, the company said July 7. Wendy’s restaurants in Ventura, Oxnard, Goleta, Lompoc, Paso Robles and two restaurants in Camarillo were hit with malware that may have stolen customers’ credit and debit card information. The company said in a news release customers’ names, credit card numbers, expiration dates, Read More →
Goleta’s Resonant buys GVR Trade SA for $1.1 million
Resonant, a late stage Goleta development company designing small smartphone technology, announced it bought Switzerland-based GVR Trade SA on July 8 for $1.1 million in stock and cash. Resonant designs a smartphone component called a duplexer. The duplexer acts as a phone’s eyes. A set of filters inside the duplexer selects which radio frequencies to Read More →
Westlake Village’s LTC Properties buys 70-unit complex in Georgia
Westlake Village-based real estate investment trust LTC Properties announced July 8 that it bought a 70-unit assisted living and memory care complex near Athens, Ga., for $14.3 million. The newly built community has 90 licensed beds and consists of 50 assisted living units and 20 dedicated memory care units. The deal expands LTC’s relationship with Read More →
Embracing sustainability worth time, effort
By Valeria Makarova Conversations about the role of sustainability in a business organization can become heated. There are many supporters, but a number of skeptics as well. There is no argument that excessive use of hazardous materials, waste generated from production and consumption, and polluted land, air and ocean require proper attention and better management. Read More →
Financial advisers face higher bar
By Jim Wisdom Privately-held employers are already held personally liable for not meeting their fiduciary responsibilities regarding their company-sponsored 401(k) retirement plans. On April 1, 2017, this fiduciary responsibility will also be applied to financial advisers of 401(k)s and IRAs with the Department of Labor’s new fiduciary rule. This new rule will require financial advisers Read More →
FDA finds Amgen biosimilar replicates effects of Humira
The Food and Drug Administration said a new Amgen biosimilar replicates the effects of a competitor’s blockbuster drug July 8. ABP 501 replicates the effects of Humira, which is approved to treat nine conditions including rheumatoid arthritis, skin disorders and colon inflammation. The drug, made by Chicago-based competitor AbbVie, typically costs $20,000 per year for Read More →
Tri-county firefighters deserve our support
Southern California’s persistent drought is making life tougher and tougher for the region’s firefighters. And the worst may be ahead of us. As Staff Writer Marissa Nall reports in this week’s edition of the Business Times, the Sherpa fire took a large bite out of agricultural production in Refugio Canyon and surrounding areas. Meanwhile, fire Read More →
