Goleta’s DuPont Displays closes, lays off 41 employees
DuPont Displays laid off 41 employees when the Goleta-based company permanently closed Feb. 29 after almost 26 years in business. DuPont Displays was a lighting subsidiary of DuPont USA and developed LED, LCD and organic light emitting diode technology. The company started as UC Santa Barbara startup Uniax in 1990 using technology developed by professor Read More →
Judge orders Plains to stop misleading oil spill claimants
A U.S. District Court ordered Plains All American Pipeline to stop misleading claimants seeking to recover interim damages from the Refugio oil spill and invalidate releases that preclude them from joining the class-action lawsuit and recouping further compensation. “The Court finds that Defendants are engaged in misleading conduct by using the OPA claims process — Read More →
Baxalta laying off 100 employees in Thousand Oaks
Baxalta, a biotechnology company with 1,200 employees in Thousand Oaks, is laying off 100 workers at that office on May 1. Layoffs will affect 239 Baxalta employees across the state at offices in Thousand Oaks, Los Angeles and Van Nuys, according to notices filed March 2 with the state of California. At Baxalta’s office at Read More →
SBA offers loans to businesses affected by Ventura Harbor closing
The Small Business Development Center at 1603 Anchors Way in Ventura will provide loan counseling to businesses affected by the recent closure of the Ventura Harbor through March 3. The U.S. Small Business Administration declared the closure a disaster, enabling it to provide assistance to businesses that experienced adverse financial impacts. Economic Injury Disaster Loans Read More →
Citizens Business Bank finalizes acquisition of County Commerce Bank
Citizens Business Bank finalized its acquisition of County Commerce Bank, the company announced on Feb. 29. In exchange for all of County Commerce’s common stock and options, Citizens paid $41.25 million — half in stock and half in cash. That equates to $16.79 per County Commerce share. County Commerce earned 40 consecutive “Five Star” quarterly Read More →
Semtech adds Li to board of directors
Semtech, a Camarillo-based supplier of analog and mixed-signal semiconductors, announced Feb. 29 that its board of directors has appointed Ye Jane Li as its newest director, effective Feb. 25. Li has been a strategic advisor to Diversis Capital, LLC, a private equity firm that invests in middle-market companies, since 2013. Li was the chief operating Read More →
Resonant names president, chief commercial officer
Resonant, a late-stage development company based in Goleta that creates innovative filter designs for radio frequency front-ends for the mobile device industry, announced Feb. 29 that it has named George B. Holmes to the newly created post of president and chief commercial officer and appointed him to its board of directors, effective immediately. Holmes brings Read More →
