Bay Area job cuts good for Tri-Counties
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Thornberg: Slower growing economy doesn’t mean recession near
The eight-year trend of economic growth in California and the Central Coast does not necessarily mean a recession is coming, according to economists who spoke at the Central Coast Economic Forecast on Nov. 3 in San Luis Obispo. A common belief is that the economy has a life cycle that inevitably switches back and forth Read More →
Amgen product sales slip but income stays steady
Net income at biotech giant Amgen stayed flat for the third quarter, despite a slight downtick in revenues to $5.8 billion, the company reported Oct. 25. Product sales saw a slight decline, including Neupogen, Epogen and its blockbuster rheumatoid arthritis drug Enbrel, which fell 6 percent, but net income stayed steady at a little more Read More →
Forecast: Ventura County economy to contract further in 2017
Ventura County’s economy is expected to contract further in 2017, declining by nearly 1 percentage point. That is the prediction of the California Lutheran University Center for Economic Research and Forecasting, which will present its forecast on Oct. 26. The CERF report says the dominant economic story to emerge in Ventura County over the past Read More →
Ventura County economic development plan approved
Ventura County’s Board of Supervisors has approved the first economic development plan in the history of the county. The board voted 5-0 to approve the countywide “Economic Vitality Strategic Plan” at its board meeting on Oct. 24. Officials said the plan was the product of four public sessions and was designed to “foster economic growth Read More →
Investor sues Deckers over board member slate, annual meeting
Deckers Brands investor Marcato Capital Management has filed a lawsuit against the company to get a new slate of board members approved and ensure that its annual shareholder meeting will take place as planned on Dec. 14. Marcato purchased around 6 percent of the Goleta Ugg boot-maker’s stock in February and now owns around 8.4 Read More →
New bids to replace Puente Power Project likely to be smaller
A new round of bids for a replacement for the now-shelved Puente Power Project will likely save consumers money, according to an influential state senator representing Ventura County. Sen. Henry Stern, a Democrat whose district includes Simi Valley and Thousand Oaks, told a panel at the 47th annual Ventura County Economic Development Association outlook conference Read More →
