Hewlett-Packard laying off 25,000 to 30,000 employees
Hewlett-Packard is laying off 25,000 to 30,000 employees globally as part of a restructuring program that will save the company $2.7 billion per year. HP announced the layoffs on Sept. 15 at a meeting of its securities analysts. The cuts represent about 10 percent of HP’s workforce of about 302,000. It wasn’t immediately clear how Read More →
Amgen licenses cancer drug to NatPharma
Amgen has licensed an experimental cancer drug to a Chicago biotech company founded and controlled by billionaire Patrick Soon-Shiong. NatPharma LLC is licensing the rights to AMG 337 from Thousand Oaks-based Amgen to develop and sell AMG 337. The drug is an experimental, phase-two cancer treatment. The licensing agreement is the second between Amgen and Read More →
Goleta-based Deckers hits 52-week low for stock price
Goleta-based Deckers Brands hit a 52-week low on Sept. 11 when it briefly fell to $59.62 per share. It closed Sept. 14 at $61.10. Shares of Deckers dropped about 33 percent so far this year from $89.74 on Jan. 2 before it closed at $60.65 on Sept. 11. Investment research firm Zacks said weak earnings Read More →
Oil company wants to expand Orcutt drilling despite pipe closures
Since Plains All American Pipeline shut down Lines 901 and 903 in May after the Refugio oil spill, Pacific Coast Energy is one of only a few oil producers in the county able to get its product to market. The Orcutt-based business, which operates under its Los Angeles-based parent company Breitburn Energy, is trying to Read More →
Citizens Business Bank targets Tri-Counties for growth
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Tech Titan: Inogen co-founder turns effort to help grandmother into big business
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