Teledyne snags contract
Teledyne Technologies, based in Thousand Oaks, announced March 23 that its subsidiary, Teledyne Brown Engineering, has been awarded a $6.2 million contract with the U.S. Navy. Teledyne will design, engineer, build, test and deliver ocean Littoral Battlespace Sensing-Gliders, as well as associated support equipment. If all options are exercised, the contract would be valued at Read More →
Select may acquire again
Santa Barbara-based Select Staffing may soon add another company to its list of acquisitions. Florida-based Butler International, which mainly caters to engineering support and tech outsourcing services, announced March 16 it has agreed to the terms of a letter of intent with Select. Financial terms of the deal were not disclosed. Butler International, which is Read More →
CSUCI scores stem cell grant
California State University, Channel Islands, was recently awarded a $1.7 million grant for stem cell research, the university announced. Ching-Hua Wang, chair of biology, geology and nursing and director of the master’s in biotechnology and bioinformatics program, secured the funds from the California Institute for Regenerative Medicine as a part of its Bridges to Stem Read More →
Celerus catches $5M to fund research
Celerus Diagnostics is raising money, rolling out new products and settling into its expanded home. The Carpinteria company developed a machine that drastically cuts down the time it takes to diagnose cancers. In recent weeks, the firm has closed a $5 million funding round, expanded its offerings to identify more kinds of cancer and brought Read More →
Billions riding on May 19
The plug for California’s $42 billion budget hole makes just about nobody happy, but business groups are reluctantly lining up behind it. Six propositions designed to balance California’s budget, Props. 1A through 1F, will go before voters May 19. They contain a combination of spending limits, greater reserve funds for down years, sustained tax increases Read More →
Travel agencies hit turbulence – Internet, recession force firms to reevaluate business plans
If any industry is facing a double-whammy right now, it would be the one hit by the recession and squeezed by Internet competition: the travel agency industry. Yet travel agents across the tri-county area seem cautiously optimistic about their prospects for the future, even in the face of a sharp nationwide decline in leisure and Read More →
