Our view: Cap and trade program shows power of markets
California’s experiment with a market-based solution to reduce carbon emissions took a step toward becoming a reality Aug. 22, when the latest round of bidding for cap-and-trade permits went off without a hitch. In fact, the permit auction drew close to $1 billion, creating perhaps as much as $640 million in revenue for the state. Read More →
Dubroff: Hotel Californian developer finds value hidden in plain sight
More than a decade ago in San Francisco, Michael Rosenfeld found a strategic solution to the problem of value investing in California’s pricey real estate markets — he made a bold bet on restoring classic hotel properties that paid off. On Santa Barbara’s waterfront, he has adapted that strategy with a mix of new construction Read More →
Alaska Airlines to use Boeing 737 aircraft for Santa Barbara to Seattle flights
Alaska Airlines will begin using Boeing 737 aircraft for direct flights from the Santa Barbara airport to the Seattle-Tacoma International Airport on Aug. 27, Santa Barbara airport officials announced Aug. 24. The flight, which departs Santa Barbara at 3:35 p.m. daily, will have fares in September as low as $114 each way, according to a Read More →
QAD reports second-quarter loss of $1.2 million
Santa Barbara software company QAD had a fiscal second-quarter loss of $1.2 million or 6 cents per share, the company reported Aug. 24. Total revenue for the second quarter was $76 million, up from $69.8 million for the fiscal 2017 second quarter. Subscription revenue, which is 23 percent of total revenue, grew 41 percent year-over-year. The company Read More →
Oxnard hospital announces expansion and modernization project
Story updated at 4:22 p.m. Aug. 21: St. John’s Regional Medical Center announced Aug. 21 a major expansion and modernization project that it said will create a hospital of the future in Oxnard as it strives to compete with other medical facilities in Ventura County. “These new additions to our hospital further support our mission Read More →
California Museum of Art Thousand Oaks looking to expand
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Marketing analytics firm Invoca banking on artificial intelligence
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