Teledyne reports earnings dip
Despite a dip in earnings and sales compared to last year, Teledyne Technologies beat analysts’ expectations with net income of $93.9 million in the third quarter, the company announced Oct. 21. Analysts estimated that Teledyne’s diluted earnings per share would be $2.36 in the third quarter, according to estimates compiled by the Wall Street Journal. Read More →
Region’s employment picture a little brighter
The unemployment rates in Santa Barbara, Ventura and San Luis Obispo counties all continued to drop in September, and all three counties had healthier labor markets than the state a whole. The combined unemployment rate for the tri-county region was 7.9 percent in September, according to a Business Times analysis of data released Oct. 16 Read More →
Ventura County moves into reopening stage that allows gyms, restaurants indoors
Ventura County moved into the second tier of California’s COVID-19 reopening process on Oct. 6, putting all three Central Coast counties in that category. Under the rules for red counties, Ventura County gyms, personal care services, museums, zoos, places of worship, movie theaters and restaurants will be able to reopen indoor operations in a limited Read More →
Arcutis shares up on news of public, private offerings
Arcutis Biotherapeutics saw a 15 percent rise in its share price after it said Sept. 29 that it will offer 4 million shares to the public and sell another $35 million in stock to an affiliate of one of its directors. Arcutis closed at $31.04, a gain of $4.28 after it announced the dual track Read More →
Our view: This recovery, like the last, will be Latino-led
Latinos were the unsung heroes of the U.S. recovery from the Great Recession, and they will lead the national economy out of its current pandemic slump. Those are the subtexts behind the latest annual report on the Latino economy, produced jointly by the Center for Economic Research and Forecasting at California Lutheran University and the Read More →
Region gets new SBA leadership as Parker heads to D.C.
Victor Parker, head of the U.S. Small Business Administration’s Los Angeles District Office, is taking a new post at the agency’s headquarters in Washington, D.C. The LA District, which includes Ventura and Santa Barbara counties, is the largest in the nation in terms of dollar volume of SBA loans. During nine years as district director, Read More →
Amgen to team with Eli Lilly on COVID treatment
Thousand Oaks biotech giant Amgen announced another strategy to help address the coronavirus pandemic, entering into a manufacturing agreement with Eli Lilly to produce COVID-19 antibodies. Eli Lilly, based in Indianapolis, has been pursuing several antibody treatments for the virus, the two companies said in a Sept. 17 news release. With access to Amgen’s manufacturing Read More →
