Fienup: At last, an end to the ‘New Normal’
By Matthew Fienup There is one clear lesson from the first 30 days of the Trump economy. The so-called “New Normal,” a belief in the inevitability of poor economic performance following the Great Recession, is now dead. I wish I could also say that a return to robust economic growth is just around the corner Read More →
Study shows Amgen’s Blincyto a better alternative than chemotherapy
Amgen’s new leukemia drug Blincyto increases the length of survival among high-risk patients, according to a study released by the New England Journal of Medicine. Results from its Phase 3 Tower study revealed that Blincyto almost doubled median overall survival versus chemotherapy among adult patients with Philadelphia chromosome-negative relapsed or refractory B-cell precursor acute lymphoblastic Read More →
Inogen reports huge increase in net income
Inogen, a maker of portable oxygen concentrators based in Goleta, announced a 77 percent increase in net income Feb. 28 on fourth quarter revenues of $50.9 million. Sales revenues grew 47.2 percent over the same quarter in 2015, to $42.6 million. Net income for the quarter was $5.3 million, bringing the company up to $20.5 Read More →
AppFolio revenues grow, losses shrink
AppFolio announced an increase in fourth quarter and full year revenues Feb. 27, decreasing its net losses per share by around a third compared to 2015. The Goleta-based company’s revenues for the quarter ended Dec. 31 grew 37 percent to $28 million, up from $20.4 million during the same period the prior year. Full year Read More →
San Luis Obispo airport adding nonstop service to Denver
San Luis Obispo took another step forward in its quest to become a major tourism and tech hub on Feb. 27 when it announced the inauguration of nonstop service to Denver, beginning in June. The single United Express flight, which arrives in SLO in the evening and departs at the crack of dawn the next Read More →
Our view: Ventura-Santa Barbara rail study a good start
Words of wisdom attributed to Chinese sage Lao Tsu hold that a journey of a thousand miles begins with a single step. Perhaps the journey to improve rail transportation between Santa Barbara and Ventura begins with a single grant. That’s at least the promise of a $50,000 award from the Santa Barbara County Association of Read More →
Requests for proposals overlook value of face-to-face communication
I’ve been in business for more than 30 years and in that time I’ve hired quite a few people. But in all that time, not once, did I hire a person based strictly on their resume and certainly I’ve never hired anyone without having met them first. In every instance, I felt it was important, Read More →
