Gilbert family’s gift will fund 100 CLU scholarships
A $2.5 million gift from the TOLD Foundation will provide California Lutheran University with roughly 100 scholarships to low-income and moderate-income students over the next eight years. The gift is the largest non-estate gift CLU has received for scholarships, according to a Sept. 8 statement from the university. Called the Rod Gilbert Achievement Scholarships, the Read More →
Legislature paves way to keep Diablo Canyon open through 2030
The push by Gov. Gavin Newsom, along with some environmentalists, energy experts and local officials, to extend the life of the Diablo Canyon nuclear power plant succeeded early Sept. 1. In an extended session, the California Legislature voted overwhelmingly in favor of Senate Bill 846, giving the state the option of keeping the power plant Read More →
State funds more than 100 units in Ventura County with anti-homelessness grants
New funding from Sacramento will help convert a motel in Thousand Oaks to housing for homeless people and buildings at Casa Pacifica Centers for Children and Families to housing for at-risk former foster youth, adding more than 100 units of supportive housing in Ventura County. Gov. Gavin Newsom announced $694 million in new grants on Read More →
Ventura County hospitals, clinics, health plan will pay $70.7M to settle claims of improper billing
NOTE: This article was posted Aug. 18 and updated Aug. 26 with more details about the allegedly improper billing practices. The complete settlement agreements were also added and are viewable at the bottom of this article. Three medical providers and one health coverage system in Ventura County have agreed to pay a total of $70.7 Read More →
Rising interest rates, uncertain economy haven’t slowed homebuilding in region yet
Despite rising interest rates and a potentially slowing U.S. economy, homebuilders and residential developers seem eager to build in the tri-county region. The costs of materials and labor to build new homes have increased, and rising interest rates means potential homebuyers have to pay more mortgage interest, leaving less money for the principal. Developers are Read More →
Atara announces plan to cut workforce by 20%
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Amgen to buy ChemoCentryx for $3.7B
Amgen was having a relatively quiet year on the mergers and acquisitions front, at least until Aug. 4, when the Thousand Oaks-based biotech firm announced it will purchase ChemoCentryx for nearly $3.7 billion. ChemoCentryx is a Silicon Valley biopharmaceutical company focused on orally administered therapeutics to treat autoimmune diseases, inflammatory disorders and cancer. It has Read More →
