UCSB says it’s sticking with Munger’s mega-dorm
Despite drawing national attention and criticism, UC Santa Barbara isn’t backing down from the design of the proposed Munger Hall dormitory on the university’s campus. Charlie Munger, the 97-year-old vice chairman of Warren Buffet’s firm Berkshire Hathaway, has pledged $200 million to UCSB to build the student housing development. The project budget is “in the Read More →
Olaplex shares jump 17% after $1.6B IPO
NOTE: This article was originally posted at 11:30 a.m. and updated after the markets closed at 1 p.m. PDT to reflect Olaplex’s closing price. The Montecito-based hair care products company Olaplex’s stock began trading on the Nasdaq on Sept. 30, opening at $21 and shooting up to $24.50 by the end of the trading day. Read More →
Olaplex ups IPO price, hopes to raise almost $1.5B
The Montecito-based hair care products company Olaplex upped the projected share price of its planned initial public offering on Sept. 28 and now expects to raise as much as $1.46 billion. Olaplex now plans to price its upcoming IPO at $17 to $19, it said in a filing with the U.S. Securities and Exchange Commission, Read More →
New funding round values Apeel Sciences at $2B
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Our View: Universities keep our region on top in innovation
If you want to know why the innovation culture is so important to the regional economy, look no further than the 2021 ranking of our top universities. In the latest U.S. News & World Report rankings, released Sept. 12, UC Santa Barbara cracked the top five among national public universities. Cal Poly San Luis Obispo, Read More →
Opinion: ‘Use it or lose it’ policy wastes our natural resources
By James Salzman The Bureau of Land Management auction in February 2016 for oil and gas drilling rights near Arches National Park was unremarkable. The high bidder, Tempest Exploration Co. LLC, paid $2,500 for the 1,120-acre lease by credit card and began paying annual rental fees. What soon did prove remarkable, though, was the revelation Read More →
Real Estate: UCSB faces housing crunch, could place students in hotels
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