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Artificial pancreas trials move forward with $2.3M grant

By   /  Friday, March 14th, 2014  /  Health Care & Life Science, Nonprofits, South Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on Artificial pancreas trials move forward with $2.3M grant

With $2.3 million in recent federal funding, Sansum Diabetes Research Institute is moving forward with clinical trials of its artificial pancreas, a device that researchers hope will substantially improve the lives of people living with Type 1 diabetes.

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As big-box firms slash stores, uncertainty for Tri-Counties

By   /  Friday, March 14th, 2014  /  Central Coast, East Ventura County, Green Coast, Real Estate, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on As big-box firms slash stores, uncertainty for Tri-Counties

Radio Shack plans to close up 1,100 stores around the U.S. and Staples, the largest office-supplies company in the U.S., said it would shutter 225 stores nationwide in a plan to cut costs by $500 million.

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Big firms check in to Santa Barbara hotel boom

By   /  Friday, March 14th, 2014  /  Real Estate, South Coast, Top Stories, Tourism, Tri-County Economy  /  Comments Off on Big firms check in to Santa Barbara hotel boom

The 122-room Hotel Oceana on Santa Barbara’s waterfront has been purchased for $41.7 million by a Philadelphia investment trust that wants to expand on the West Coast. (Alex Drysdale / Business Times photo)

A Philadelphia company’s $41.7 million purchase of Hotel Oceana in Santa Barbara signals that large out-of-town investors are betting on a major boom in South Coast tourism.

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Angling for change: Bren School startup serves up new model for sustainable seafood

By   /  Friday, March 14th, 2014  /  Agribusiness, Green Coast, Small Business, South Coast, Top Stories, Women Inc.  /  1 Comment

Norah Eddy, left, and Laura Johnson are founders of Salty Girl Seafood. The startup, spun out of the UC Santa Barbara Bren School of Environmental Science and Management, aims to make it easier for restaurants to source seafood directly from fishermen. (Alex Drysdale / Business Times photo)

A team of UCSB graduate students has created an online marketplace where restaurants and fishermen can connect directly to buy sustainable, traceable seafood.

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QAD profits slip despite record revenue

By   /  Thursday, March 13th, 2014  /  Banking & Finance, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on QAD profits slip despite record revenue

Summerland-based QAD’s profits in its most recent fiscal year dipped 3.8 percent to $6.4 million, or 41 cents per Class A share and 34 cents per Class B share.

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Santa Maria chamber CEO Bob Hatch to retire

By   /  Tuesday, March 11th, 2014  /  Central Coast, Top Stories, Tri-County Economy  /  Comments Off on Santa Maria chamber CEO Bob Hatch to retire

Bob Hatch is retiring after 20 years as president and CEO of the Santa Maria Valley Chamber of Commerce, the largest business group in North Santa Barbara County.

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Clean Diesel shares soar on Acura contract

By   /  Tuesday, March 11th, 2014  /  Banking & Finance, Banking Industry, Technology, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Clean Diesel shares soar on Acura contract

Clean Diesel said it has begun production of a new series of catalytic-emissions reduction products for the 2015 version of Honda’s gasoline-powered Acura TLX models. The announcement sent the Ventura-based firm’s shares soaring 74 percent higher in trading on March 11.