Amgen reports Q2 earnings decline
Amgen saw a 73% decline in net earnings in the second quarter of 2021, the company announced Aug. 3. Thousand Oaks-based Amgen, one of the world’s largest biotechnology companies, reported earnings per share of 81 cents for the quarter ended June 30, down from $3.05 per share in the same quarter last year. According to Read More →
Business Times to honor 2021 Spirit of Small Business winners
The Pacific Coast Business Times will hold a virtual reception on Aug. 19 to honor the recipients of its 19th annual Spirit of Small Business Awards. The 2021 Spirit of Small Business special section published July 23 and is available here at the Business Times website. To register for the event, which begins at 1 Read More →
Transphorm closes deal in Japan
Goleta-based Transphorm announced the close of its acquisition of a Japanese-based water fabrication company on Aug. 2, alongside its new joint venture capital partner, JCP Capital. The facility, located in Aizu Wakamatsu, Japan, is considered to be the premier wafer manufacturing fab in the world for high-voltage gallium nitride power semiconductors, according to a press Read More →
Nordstrom building in downtown Santa Barbara nearing sale; buyer plans offices on upper floors
The Nordstrom building in downtown Santa Barbara is nearing a sale, and the new owner is looking to turn the upper floors into office space, according to a report released by Hayes Commercial Group on July 30. The building is at the northern end of Paseo Nuevo. Most of the outdoor mall is owned by Read More →
Community West Bank reports increase in quarterly earnings
In another sign of strength for the regional banking industry, Goleta-based Community West Bancshares reported a 17.5% increase in net income for the second quarter, to 41 cents per share. The parent of Community West Bank said on Aug. 2 that earnings for the most recent quarter were $3.6 million, versus $3 million for the Read More →
Dubroff: Tom Barrack may have taken one risk too many in UAE dealings
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With merger, ImmPact Bio plans growth and a move to LA
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