MindBody revenues grow, net loss narrows
Revenues for San Luis Obispo cloud-based business management software company MindBody grew 35 percent in the fourth quarter of 2016, narrowing its net loss for the year to $23 million, or 58 cents per share. Net losses for the quarter were $1.6 million, or 4 cents per share, down from $6.5 million for the same Read More →
Bacara Resort & Spa in Goleta put up for sale
The Pacific Hospitality Group listed the Bacara Resort & Spa in Goleta for sale for an undisclosed amount, PHG Chief Investment Officer Kory Kramer said. The Irvine-based company has invested more than $25 million in upgrades and renovations since it purchased the resort in 2013 for an estimated $150 million to $180 million. Improvements included Read More →
Inphi reports strong fourth quarter revenue growth
Semiconductor producer Inphi, which has operations in Westlake Village, reported fourth quarter net income of $19.1 million, or 42 cents per diluted share, bringing the company to $26.5 million in net income for its fiscal year 2016. Revenues from continuing operations rose 53 percent, from $52.9 million in the fourth quarter of 2015 to $80.9 Read More →
FDA approves Amgen’s Parsabiv drug to treat chronic kidney disease
The U.S. Food and Drug Administration approved Amgen’s Parsabiv drug to treat patients with chronic kidney disease, the company announced on Feb. 7. The Thousand Oaks-based biotech company’s Parsabiv is the first therapy approved for the treatment of secondary hyperparathyroidism for patients on hemodialysis in 12 years, Amgen said. “We are excited about today’s approval Read More →
Camarillo’s Whalen Bryan opens office in Santa Barbara
Camarillo-based Whalen Bryan opened a second office at 925 W. Anapamu St. in downtown Santa Barbara. The executive recruiting and staffing agency places employees in the attorney, paralegal, legal secretary and legal administrator fields. “Our expertise in staffing allows employers to focus on their core business rather than human resource matters,” Principal Kathi Whalen said Read More →
Santa Barbara City College gets $1 million grant from Julie Nadel
Santa Barbara City College and its foundation received a $1 million grant creating an endowment fund for its School of Business and Entrepreneurship from Julie Nadel and the Nadel Foundation. The school will be renamed the Jack and Julie Nadel School of Business and Entrepreneurship, and the funds will establish an incubator and event space Read More →
San Luis Obispo acquires Waddell Ranch
The city of San Luis Obispo completed the $1.1 million acquisition of the 154-acre Waddell Ranch to be conserved in perpetuity. The ranch contains the headwaters of Froom Creek and adjoins the city’s Irish Hills Natural Reserve. The deal, executed by the city of SLO, the Trust for Public Land and property owner Duane Waddell Read More →
