Federal rule change could make it easier to keep Diablo Canyon open
A tweak in U.S. Department of Energy rules for receiving some of the proposed $6 billion in funds to give nuclear plants extra running time could help give the Diablo Canyon plant near San Luis Obispo some additional years of power generation. Bloomberg News has reported that the DOE is “proposing changes requested by California Read More →
Unemployment in region hits new record low at 2.5%
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Region’s stocks slip amid market-wide slide
After years of charging forward, U.S. stocks have gone into hibernation, at least according to the common definition of a bear market: a market-wide decline of 20% or more from a recent peak. Most major indices are down at least that much from their highs earlier this year, with the biggest losses coming June 13. Read More →
Freska CEO Loza steps down from Limoneira board
Jesus “Chuy” Loza has resigned from the board of Limoneira to focus on leading the company he co-founded, Freska Produce, Limoneira announced June 14. Loza grew up in company housing at Santa Paula-based Limoneira and started his career with the company while he was a teenager. In 2004, he co-founded Freska Produce, which is now Read More →
Calavo shares up nearly 20% after company reports shrinking losses in Q2
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Flood of IPOs has slowed to a trickle in 2022
After reaching new heights in 2021, including a $150 million capital raise that closed in July and surpassing $100 million in annual recurring revenue, Santa Barbara-based Impact Technologies was preparing to go public in 2022. But, with rising inflation and interest rates decimating the stock market, the IPO money that was available in 2021 has Read More →
Dayspring sentenced to 22 months for bribing county supervisor for cannabis permits
The cannabis grower who bribed a San Luis Obispo County supervisor has been sentenced to 22 months in federal prison. Helios Dayspring, who also goes by “Bobby,” was sentenced on May 27 by U.S. District Judge André Birotte Jr. in his Los Angeles courtroom. Dayspring has also paid $3.4 million to the IRS as restitution Read More →
