Amgen stock rises
Thousand Oaks-based Amgen’s stock price rose the most in four years July 8 after the company reported its lead experimental product, a bone strengthening medicine, worked better than a potential rival in a study, Bloomberg News reported. Shares surged $8.16, or 16 percent, to $60.39 at 9:44 a.m. in Nasdaq Stock Market composite trading. Read More →
Frozen yogurt heats up as economy melts down
Stroll along State Street in Santa Barbara and you’ll find them dotted around town like candy sprinkles. There’s Yogurtland, Red Mango, Rock’n Yogurt and Pinkberry — to name a few. In Ventura and Oxnard, there’s Yogurberry, Tutti Frutti, Golden Swirl and U Yogurt, and up in San Luis Obispo, Bali’s and Yogurt Creations are just Read More →
Downtowns face reality
Tri-counties downtown organizations are ramping up their efforts to help merchants navigate choppy economic waters. And Oxnard, the region’s largest city, has a new leader to drive downtown economic development. Abel Magaña is the new executive director for the Oxnard Downtown Management District, a business improvement district. He comes on as the Economic Development Corp. Read More →
Banking: New rules for a new game
More than a decade ago, a pair of expansion-minded competitors, Mid-State Bank & Trust and Pacific Capital Bancorp, parent of Santa Barbara Bank & Trust, rewrote the rules for the banking game. • Simpler structures will be the name of the game. Bank of America is selling off First Republic, a longtime player in South Read More →
Chevron cleanup progress
Early in July, Chevron announced plans to clean up the remaining environmental problems at its former Tank Farm Road facility in San Luis Obispo. Tank Farm Road has emerged as a major economic development corridor for the city of San Luis Obispo and it has attracted millions of dollars in capital investment to an area Read More →
