November 28, 2022
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Latest

Income up 24% at Montecito Bank, assets top $2B

By   /  Thursday, October 28th, 2021  /  Banking & Finance, Banking Industry, Central Coast, East Ventura County, Latest news, South Coast, Tri-County Economy, West Ventura County  /  Comments Off on Income up 24% at Montecito Bank, assets top $2B

Montecito Bank & Trust, the biggest bank based in the tri-county region, reported asset growth of nearly 22% in the past year, while loan growth softened because of accelerated pandemic-related loan forgiveness and additional loan payoffs. The Santa Barbara-based bank said in an Oct. 18 earnings release that its total assets grew $404.53 million in Read More →

Latest

Central Coast coalition aims to launch aerospace economy from Ventura to Santa Cruz

By   /  Thursday, October 28th, 2021  /  Central Coast, East Ventura County, Latest news, right, South Coast, Subscriber content, Technology, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Central Coast coalition aims to launch aerospace economy from Ventura to Santa Cruz

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Teledyne shares hit record after strong earnings report

By   /  Wednesday, October 27th, 2021  /  Banking & Finance, Earnings, East Ventura County, Latest news, left, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Teledyne shares hit record after strong earnings report

The acquisition of Flir Systems continues to pay off for Teledyne Technologies, as the Thousand Oaks-based industrial and scientific conglomerate crushed analysts’ expectations in the third quarter and upped its guidance for the full year. Teledyne delivered record sales for the quarter ended Sept. 30, generating $1.3 billion in revenue, a 75.8% increase from the Read More →

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Region’s unemployment rate drops below 5%

By   /  Friday, October 22nd, 2021  /  Central Coast, East Ventura County, Latest news, left, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Region’s unemployment rate drops below 5%

The unemployment rate in the tri-county region dropped nearly a full percentage point between August and September, to reach its lowest level since before the COVID-19 pandemic began. The combined unemployment rate of Ventura, Santa Barbara and San Luis Obispo counties was just under 5% in September, down from 5.9% in August, according to a Read More →

Latest

Energy Vault preps to go public, could raise $388M

By   /  Thursday, October 21st, 2021  /  Banking & Finance, East Ventura County, Energy, Green Coast, Latest news, middle, Startups, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Energy Vault preps to go public, could raise $388M

Westlake Village-based Energy Vault disclosed details of its financial performance for the first time in an Oct. 18 filing with the U.S. Securities and Exchange Commission, filed in advance of its public stock offering and its pending merger with a special purpose acquisition company. Energy Vault, a green energy storage company, agreed to go public Read More →

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MannKind shares drop 18% after FDA says it will pass on new blood pressure drug

By   /  Monday, October 18th, 2021  /  Banking & Finance, East Ventura County, Health Care & Life Science, Latest news, left, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on MannKind shares drop 18% after FDA says it will pass on new blood pressure drug

Shares of Westlake Village-based MannKind Corp. dropped 18% on Oct. 18, after the U.S. Food and Drug Administration did not approve a hypertension treatment the company is developing with United Therapeutics. In a complete letter response, the FDA declined to approve a new drug application for Tyvasio DPI, a treatment being developed by MannKind and Read More →

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Amgen’s investment in Neumora marks a return to neuroscience research

By   /  Friday, October 15th, 2021  /  Banking & Finance, East Ventura County, Health Care & Life Science, Latest news, Subscriber content, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Amgen’s investment in Neumora marks a return to neuroscience research

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