Santa Barbara password security firm raises $100M in venture capital
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Gilbert family’s gift will fund 100 CLU scholarships
A $2.5 million gift from the TOLD Foundation will provide California Lutheran University with roughly 100 scholarships to low-income and moderate-income students over the next eight years. The gift is the largest non-estate gift CLU has received for scholarships, according to a Sept. 8 statement from the university. Called the Rod Gilbert Achievement Scholarships, the Read More →
Aera, Ventura County’s leading oil producer, sold to German firm
Aera Energy, one of the biggest oil and gas producers in the tri-county region, will be sold by its owners, ExxonMobil and Shell, to a privately held German company, IKAV. The companies announced the deal Sept. 1. Shell owns about 52% of Aera, and Exxon owns about 48%. IKAV will pay about $4 billion in Read More →
Revenue and losses both up at Cure Pharmaceutical
Oxnard-based Cure Pharmaceutical, a drug delivery platform and CBD products company, reported more losses but rising revenue in its second quarter earnings. Cure suffered a net loss of $9.6 million in the second quarter of 2022, up substantially from a net loss of $1.3 million in the same quarter a year ago. That equates to Read More →
Calavo shares dip after earnings report
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Santa Barbara County to join Goleta in suing UCSB over lack of housing
The county of Santa Barbara will sue UC Santa Barbara over allegations that the university failed to comply with its long-term plan to provide enough housing for its students. The Board of Supervisors voted unanimously on Aug. 30 in closed session to initiate litigation against the Regents of the University of California, alleging UCSB violated Read More →
Dubroff: Santa Barbara is flying high thanks to forward thinking at its airport
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