Heritage Oaks Bancorp beats revenue, income estimates
Heritage Oaks Bancorp, the holding company of Paso Robles-based Heritage Oaks Bank, beat analyst estimates in both year-over-year revenue and net income. The bank reported $20.3 million in revenue in 2016, a 12 percent increase from 2015, outpacing analyst expectations by more than $1 million. Net income reached $16.9 million, or 49 cents per diluted Read More →
Motion to change venue of Plains All American Pipeline criminal case denied
Santa Barbara County Superior Court Judge Jean Dandona denied Plains All American Pipeline’s request to move its criminal case to Kern County. Plains was indicted on 46 felony counts for the May 2015 oil spill that soiled the Gaviota Coast. Plains did not prepare nor maintain its pipelines properly and did not notify the proper Read More →
UCSB forecast predicts ‘new normal’ for water conservation
A mid-year forecast by the UC Santa Barbara Economic Forecast Project illustrated a “new normal” for water conservation measures but uncertainty for the economy in the wake of the election. Demand has fallen below 10,000 acre feet of water for the Goleta Water District after mandated conservation requirements. While not sustainable in the long term, Read More →
Fitch gives San Luis Obispo an AA+ credit rating
Fitch Ratings gave the city of San Luis Obispo an AA+ credit rating on Jan. 27, describing its financial performance as “exceptionally strong.” The city’s revenue growth is expected to exceed the national pace, Fitch said in an independent assessment, and the city’s financial outlook is stable. Fitch said SLO has a “robust financial planning Read More →
InTouch Health to celebrate opening of Goleta headquarters
Telehealth developer InTouch Health will celebrate the grand opening of its new corporate headquarters at 7402 Hollister Ave. in Goleta on Jan. 31. The new facility includes an advanced technology “innovation center” that showcases medical care delivery solutions via robotics and cloud-based networks. InTouch created the world’s first robotic telehealth system shortly after its founding Read More →
Santa Barbara attorney Renee Fairbanks opens new law firm
Santa Barbara attorney Renee Fairbanks recently opened a new law firm, the Law Office of Renee Fairbanks, at 226 E. Canon Perdido St., Ste. F. Fairbanks was formerly a principal of Ehlers & Fairbanks who represents clients in divorce, custody, support and domestic partnerships proceedings on the Central Coast. Fairbanks is on the State Bar Read More →
Europeans recommend approval of Amgen’s biosimilar of AbbVie’s Humira
The European Medicines Agency recommended the approval of the ABP 501, a biosimilar of AbbVie’s Humira (adalimumab), for treatment of inflammatory diseases, Thousand Oaks-based biotech company Amgen announced on Jan. 27. The EMA recommended ABP 501’s use for moderate-to-severe rheumatoid arthritis, psoriatic arthritis, severe ankylosing spondylitis, severe axial spondyloarthritis without radiographic evidence of AS, moderate-to-severe Read More →
