Amgen to cut 252 jobs
By Staff Report / Thursday, March 6th, 2014 / Top Stories, Tri-County Public Companies / Comments Off on Amgen to cut 252 jobs
Thousand Oaks-based Amgen plans to lay off 252 employees in Thousand Oaks by the end of April, bringing the total jobs cut since 2007 from Ventura County’s largest private-sector employer to about 1,150.
Hotel Oceana sells to Philadelphia firm for $41.7M
By Staff Report / Thursday, March 6th, 2014 / Real Estate, Top Stories, Tourism / Comments Off on Hotel Oceana sells to Philadelphia firm for $41.7M
Hersha Hospitality Trust said it purchased the 122-room Santa Barbara hotel as part of a strategy to get into one of the “highest-demand gateway markets in the United States.”
Widow wins $4M verdict against Sierra Vista
By Staff Report / Wednesday, March 5th, 2014 / Central Coast, Health Care & Life Science, Top Stories / Comments Off on Widow wins $4M verdict against Sierra Vista
A San Luis Obispo jury has awarded $4 million to a woman who alleged that Sierra Vista Regional Medical Center and an affiliated surgeon conspired to conceal the cause of a her husband’s death.
Semtech meets Street expectations after layoffs
By Stephen Nellis / Wednesday, March 5th, 2014 / Earnings, Technology, Top Stories, Tri-County Public Companies / Comments Off on Semtech meets Street expectations after layoffs
Camarillo-based Semtech Corp. delivered earnings on par with Wall Street expectations on March 5, holding its forecast steady as it deals with the costs of laying off 6 percent of its workforce and navigating a rough patch amid several years of growth.
UCSB to build $74.3M bioengineering center
By Staff Report / Tuesday, March 4th, 2014 / Restaurants, South Coast, Technology, Top Stories, Tri-County Economy / Comments Off on UCSB to build $74.3M bioengineering center
With the state’s fiscal picture improving, UC Santa Barbara is set to break ground on a $74.3 million bioengineering center this summer.
Sonos headquarters sold after listing for $21.5M
By Staff Report / Monday, March 3rd, 2014 / Real Estate, South Coast, Top Stories, Tri-County Economy / Comments Off on Sonos headquarters sold after listing for $21.5M
The 47,000-square-foot building at 25 E. Mason St. in Santa Barbara’s Funk Zone has been sold to an unnamed investor for an undisclosed amount. The property was listed for $21.5 million.
Microlending founder urges business leaders to reinvest profits
By Henry Dubroff / Friday, February 28th, 2014 / Banking & Finance, Nonprofits, Top Stories / 1 Comment
Nobel Laureate and founder of Grameen Bank Muhammad Yunus never intended to create a microlending juggernaut or invent the idea of a social business. “My work was not pre-planned,” he said. “It was an action born out of desperation.”