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UCSB spinout Lettuce Apps acquired by Intuit

By   /  Friday, May 9th, 2014  /  South Coast, Technology, Tri-County Economy  /  Comments Off on UCSB spinout Lettuce Apps acquired by Intuit

Lettuce Apps, a spinout out of UC Santa Barbara, has been acquired by financial software giant Intuit for an estimated $30 million. The Los Angeles-based company got its start in UCSB’s Technology Management Program, which has produced a number of successful startups including medical device maker Inogen, now a publicly traded company based in Goleta. Read More →

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Costly eye drug drives up region’s Medicare bills

By   /  Friday, May 9th, 2014  /  Central Coast, East Ventura County, Features, Health Care, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Costly eye drug drives up region’s Medicare bills

A Santa Barbara eye doctor and a drug that costs $2,000 per dose are at the center of the debate over how to control the spiraling cost of Medicare.

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Santa Maria Energy drills down on search for private equity

By   /  Friday, May 9th, 2014  /  Banking & Finance, Central Coast, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Santa Maria Energy drills down on search for private equity

Santa Maria Energy is on the hunt for private equity funding for its $120.7 million capital budget after a going-public deal fell apart.

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Vapor Hub hopes to lead the way in $3B e-cigarette market

By   /  Friday, May 9th, 2014  /  East Ventura County, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Vapor Hub hopes to lead the way in $3B e-cigarette market

With the U.S. Food and Drug Administration promising to impose regulations on the free-for-all e-cigarette market, Simi Valley-based Vapor Hub International is hoping to help the industry grow up.

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Court certifies class-action suit over Santa Barbara insurance scam

By   /  Friday, May 9th, 2014  /  Law, South Coast, Tri-County Economy  /  Comments Off on Court certifies class-action suit over Santa Barbara insurance scam

A class-action lawsuit over whether a Santa Barbara insurance agent’s employers knew about the “churning” scam he was running and let it continue because it boosted profits is headed to trial after its class certification was upheld at the California Supreme Court in March.

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Ceres faces delisting from Nasdaq

By   /  Monday, May 5th, 2014  /  Banking & Finance, East Ventura County, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Ceres faces delisting from Nasdaq

Thousand Oaks-based energy crop company Ceres could be booted from the Nasdaq stock exchange if it doesn’t get its share price back above $1 in the next six months. Ceres said that it received a letter from the Nasdaq on April 28 notifying it that because its share price has lingered below $1 for 30 Read More →

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Santa Maria Energy shelves $79M going-public deal

By   /  Friday, May 2nd, 2014  /  Central Coast, Top Stories, Tri-County Economy  /  Comments Off on Santa Maria Energy shelves $79M going-public deal

A $79 million merger that would have taken Santa Maria Energy public has been called off after its financiers couldn’t gather the votes to pass it.

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