LTC Properties reports increase in net income
Westlake Village-based LTC Properties announced a 15.7 percent increase in net income to $20.6 million, or 53 cents per diluted share, for the quarter ended Dec. 31. Revenues increased from $30.8 million for the fourth quarter of 2015 to $34.8 million for the fourth quarter of 2016, attributed in part to higher investing activities. Interest Read More →
Resonant agrees to sell $7.5 million in stock to Longboard
Goleta-based radio frequency front-end designer Resonant agreed to allow its stockholder Longboard Capital Advisors to purchase $7.5 million worth of stock and stock warrants. Expected to close Feb. 22, each unit in the offering will be sold for $4.61, the average closing price for Resonant common stock between Feb. 3 and Feb. 16. In addition, Read More →
Judge denies Plains’ motion to set aside criminal indictment over oil spill
Santa Barbara County Superior Court Judge Jean Dandona denied defense counsels’ motions to set aside the criminal indictment against Plains All American Pipeline and James Buchanan, the environmental and regulatory compliance specialist for Plains, with the exception of one misdemeanor count against Buchanan, Santa Barbara County District Attorney Joyce Dudley said Feb. 21. Plains was Read More →
The Trade Desk stock up 8 percent as firm sells 5 million shares
Shares of Ventura-based The Trade Desk jumped 8 percent to $35.00 as the company announced the launch of a 5 million share offering by current investors. At the company’s closing price on Feb. 21, the offering would have a gross value of around $165 million before a possible 10 percent overallotment, as disclosed in the Read More →
Genentech sues Amgen over biosimilar drug info
Roch AG subsidiary Genentech filed a lawsuit against Amgen claiming the Thousand Oaks-based company obstructed its investigation of whether the biosimilar Amgen is developing for Genentech’s cancer treatment Avastin violates the company’s patents, according to reports Feb. 20. Sales for Avastin, a treatment for lung, colon, ovarian and other types of cancer, reached $6.8 billion Read More →
Groundwater management deadline nears
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Master sommelier pours talents into winemaking in Los Olivos
Anyone who has seen the 2012 movie “Somm” can appreciate how incredibly difficult it is to earn the badge of master sommelier. The documentary follows four candidates among more than 50 studying with near-fanatical devotion for the supremely challenging, three-part exam to become members of the Court of Master Sommeliers. Only six passed. That’s a Read More →
