U.S. grants PG&E $1.1B to keep Diablo open longer
By Jorge Mercado Senior Staff Writer The federal government has turbocharged Pacific Gas & Electric’s push to keep its controversial Diablo Canyon nuclear power plant online. The U.S. Department of Energy has given the project a $1.1 billion grant to help keep California’s last nuclear power plant operating through 2030, PG&E announced Nov. 21.The lifeline Read More →
New Funding Fuels Atomica CEO’s dreams
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Artera visits Wall Street, hints at IPO
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Olaplex struggles despite beating expectations
Montecito-based Olaplex beat analysts’ expectations with its financials for the third quarter of 2022, but the company’s shares are still struggling after it slashed its full-year guidance. Olaplex, a seller of hair-care products, reported revenue of $176.5 million for the quarter ended Sept. 30, an increase of 9.2% from the same period a year ago. Read More →
Trade Desk EPS grew, but stocks still fell
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Business groups push State Street improvement
Two influential Santa Barbara business organizations are proposing an improvement district for the city’s ailing downtown area, but some business owners have expressed reservations. The Downtown Organization of Santa Barbara and the Santa Barbara South Coast Chamber of Commerce have proposed a Community Benefit Improvement District aimed at reversing the decline of the area, including Read More →
U.S. economy in relatively strong shape, UCSB economist says in Ventura
The U.S. economy is not in a recession and if one is coming soon we’re well-positioned to withstand it with minimal damage, UC Santa Barbara economist Peter Rupert said during a Ventura Chamber of Commerce event Nov. 9. Rupert is a professor of economics and the director of the UCSB Economic Forecast Project. There is Read More →
