Teledyne reports earnings dip
Despite a dip in earnings and sales compared to last year, Teledyne Technologies beat analysts’ expectations with net income of $93.9 million in the third quarter, the company announced Oct. 21. Analysts estimated that Teledyne’s diluted earnings per share would be $2.36 in the third quarter, according to estimates compiled by the Wall Street Journal. Read More →
Trio of developers to bring 300 new homes to San Luis Obispo
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UCSB experts see an industrial revolution for the seas
UC Santa Barbara researchers are gearing up for a second industrial revolution, this time in the world’s oceans. The period of rapid change that began on land in the 1700s “is really just beginning now in the oceans, the other 70 percent of our planet,” Douglas McCauley, Director of the Benioff Ocean Initiative at UCSB, Read More →
NTSB: Night watch could have saved dive boat passengers
The sinking of the dive boat Conception in the Santa Barbara Channel last year and the death of 34 people on board was caused by the failure of Truth Aquatics, the boat’s owner, to properly oversee its vessel and crew, the National Transportation Safety Board ruled on Oct. 20. The boat, a 75-foot recreational diving Read More →
Earnings down, assets up at Community Bank of Santa Maria
Total assets at Community Bancorp of Santa Maria rose in the third quarter of the fiscal year, even as net income fell, the bank announced Oct. 20. The parent company of Community Bank of Santa Maria saw total assets rise to $327.6 million, an increase of 24 percent from the same time in 2019. Net Read More →
Income up at Bank of the Sierra
Sierra Bancorp, the parent company of Bank of the Sierra, announced a record quarter as net income grew by 16 percent from a year earlier. Bank of the Sierra is based in Porterville, in the San Joaquin Valley, and has 12 branches in the tri-county region, the result of a series of acquisitions of Central Read More →
