Plains ordered to take more corrective actions before restarting Lines 901 and 903
Updated on June 17 at 10:50 a.m.: Federal regulators have ordered Plains All American Pipeline to improve its inaccurate pipeline inspection process, implement better leak detection measures such as installing additional shutoff valves, expand its emergency training, and repair the pipeline before restarting Line 901. The Pipeline and Hazardous Materials Safety Administration issued on June 16 its Read More →
Initiative to help startups at UC campuses included in state budget bill
California lawmakers included an initiative to help startups at UC campuses throughout California in a $122.5 billion budget passed by the legislature June 15. Assemblywoman Jacqui Irwin, D-Thousand Oaks, proposed the initiative, which will give $2 million every year to each UC campus and the Lawrence Berkeley National Laboratory to start or expand business incubators. Read More →
Santa Barbara’s QAD announces dividend
Santa Barbara cloud software manufacturer QAD announced a dividend of .072 cents per share of Class A common stock June 15. The company also said it would pay .06 cents per share of Class B common stock. Both dividends will be paid to investors who are shareholders on July 7. QAD announced the dividend after Read More →
Court delays hearing on Plains’ motion to seal Refugio oil spill transcripts
Santa Barbara Superior Court will review Plains All American Pipeline’s motion to seal the transcripts of its indictment from the Refugio oil spill on June 30, the same day of the arraignment. The hearing was continued on the morning of June 16. Plains filed a motion on May 27 to seal all California grand jury Read More →
Santa Barbara’s LogicMonitor gets $130 million investment
A fast-growing Santa Barbara IT firm has hit it big with a $130 million capital raise. LogicMonitor, headquartered at two offices in Santa Barbara, said Providence, R.I.,-based Providence Equity Partners invested $130 million in the IT service firm June 16. Steve Francis created the cloud-based service in 2008 that allows businesses or IT departments to Read More →
2016/2017 Giving Guide goes to press September 9
The Pacific Coast Business Times Giving Guide is an annual publication featuring nonprofits, foundations, health service agencies, youth programs, educational, cultural and arts organizations. The publication offers a needed, in-depth look at many of these organizations — highlighting their goals and sharing many of the ways they contribute to our community. It is our hope Read More →
Bill would hold pipeline regulators responsible for safety oversight
Story updated at 2 p.m. on June 15: U.S. Rep. Lois Capps’ office proposed a bill that strives to hold federal regulators responsible for inadequate pipeline safety oversight, the office announced June 14. The Pipeline and Hazardous Materials Safety Administration Accountability Act is a provision of the Pipes Act, which recently passed the House and the Read More →
