Economic summit in Santa Maria focuses on challenges
Sacramento Bee journalist Dan Walters told a crowd of more than 300 people on Friday that liberals need to stop fretting over Donald Trump and realize that most of the problems choking California existed before 2017. “California has a lot of issues that need to be resolved,” Walters said at the UC Santa Barbara North Read More →
Cottage Health-Sansum Clinic merger proposal withdrawn
Story updated at 5:20 p.m. May 11: The proposed merger between Cottage Health and Sansum Clinic is dead. Both parties agreed to withdraw the application after nearly four years of awaiting approval from the Federal Trade Commission. “As we approach the four-year mark, we have decided together to withdraw the proposal so we can better Read More →
Discovery Museum adds Space Shuttle exhibit
The Santa Maria Valley Discovery Museum unveiled its newest exhibit on May 10, a Space Shuttle created in partnership with the 30th Space Wing at Vandenberg Air Force Base. The interactive exhibit simulates rocket launches with audio recordings from NASA’s Space Shuttle Discovery. A hands-on launch sequence and video feed from the base highlight science, Read More →
Stellar Biotechnologies reports $1.1 million loss for quarter
Stellar Biotechnologies, based in Port Hueneme, reported drops in both revenues and expenses for the quarter ended March 31. Revenues decreased 81 percent from $330,000 during the same quarter the previous year to $60,000 for the most recent quarter. The immunotherapy developer and manufacturer attributed the decrease to lower sales volume for pre-clinical studies, compared Read More →
Inogen’s profits just keep on growing
Goleta-based Inogen, an oxygen concentrator company, reported a $5.9 million profit for the first quarter of 2017, up from $2.5 million in the first quarter of 2016, according to an earnings report May 9. The company reported $52.5 million in revenue, up 22.1 percent from the same period in 2016. Sales revenue was at $46 Read More →
Sientra narrows losses in first quarter report
Goleta-based breast implant company Sientra continued to cut its losses, losing $11.4 million in the first quarter of 2017, down from $11.9 million for the same period the year prior. “I am pleased with our first quarter performance, which was in line or above our expectations,” said Jeffrey Nugent, chairman and CEO. “In the first Read More →
Economists: Housing, manufacturing and robotics will shape tri-county’s future
A lack of new housing supply, the loss of manufacturing jobs and the rise of robotics are all major economic factors that will have widespread impacts on the region, state and nation over the next several years. That’s according to some of the region’s and nation’s most prominent economists, who convened May 9 for the Read More →
