September 27, 2024
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Latest

AeroVironment shares take off after $405M drone deal announced

By   /  Thursday, January 14th, 2021  /  Banking & Finance, East Ventura County, Latest news, right, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on AeroVironment shares take off after $405M drone deal announced

Shares of Simi Valley-based drone company AeroVironment shot up more than 25% on Jan. 14, the day after the company announced a $405 million acquisition of a privately held military drone provider. AeroVironment is acquiring Arcturus UAV, a major provider of Group 2 and 3 unmanned aircraft systems to the U.S. military, for $405 million. Read More →

Latest

Our View: Mike Garcia should step up, or step down

By   /  Tuesday, January 12th, 2021  /  Editorials, Latest news, Opinion  /  Comments Off on Our View: Mike Garcia should step up, or step down

Take the high road. That is our advice to U.S. Rep Mike Garcia, R-Santa Clarita, who owes his constituents in Ventura County and elsewhere a better answer than he has given for his decision to vote for overturning November’s election results even after the Capitol was invaded by rioters. Garcia won re-election in November by Read More →

Latest

Allegiant to add Portland-Santa Maria flights

By   /  Tuesday, January 12th, 2021  /  Central Coast, Latest news, Tourism, Tri-County Economy  /  Comments Off on Allegiant to add Portland-Santa Maria flights

Allegiant Air will start flying between Santa Maria Airport and Portland, Oregon on April 15, the discount airline announced Jan. 12. Portland International is a new airport for Allegiant, which already offers direct flights from Santa Maria to Phoenix and Las Vegas. The Santa Maria-Portland flight was one of 21 new routes the airline unveiled Read More →

Latest

AppFolio building in Goleta sold

By   /  Tuesday, January 12th, 2021  /  Real Estate, South Coast, Technology, Tri-County Economy  /  Comments Off on AppFolio building in Goleta sold

The three-building complex in Goleta that holds the AppFolio headquarters was sold, the commercial real estate firm CBRE announced Jan. 12. The 165,905-square-foot campus at 50-90 Castilian Drive was sold to Shopoff Realty Investments and Praelium Commercial Real Estate for an undisclosed amount, CBRE said. CBRE’s Sean Sullivan, Mike Longo, Todd Tydlaska and Will Pike Read More →

Latest

Second round of PPP loans headed to Tri-Counties

By   /  Monday, January 11th, 2021  /  Banking & Finance, Banking Industry, Latest news, Small Business, Tri-County Economy  /  Comments Off on Second round of PPP loans headed to Tri-Counties

Another round of the federal Paycheck Protection Program opened Jan. 11, and the region’s bankers expect the money to help a lot of small businesses that have been struggling through the pandemic and pandemic-related restrictions. “We understand the urgency and the difficulty the business community is experiencing,” said George Leis, president of Montecito Bank & Read More →

Latest

Limoneira’s losses mount as pandemic depresses citrus sales

By   /  Monday, January 11th, 2021  /  Agribusiness, Banking & Finance, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Limoneira’s losses mount as pandemic depresses citrus sales

Santa Paula-based agribusiness Limoneira saw its losses increase and its revenue drop in the fourth quarter of its most recent fiscal year, as low wholesale prices and declining sales during the pandemic took their toll. Limoneira released its results Jan. 11 for the quarter and fiscal year ended Oct. 31, revealing a loss of 42 Read More →

Latest

How the region’s publicly traded companies stack up when it comes to women on the board

By   /  Friday, January 8th, 2021  /  Banking & Finance, Latest news, left, Top Stories, Tri-County Public Companies, Women Inc.  /  Comments Off on How the region’s publicly traded companies stack up when it comes to women on the board

The Pacific Coast Business Times investigated the gender breakdown of the boards of all 22 companies based in the tri-county region and traded on a major stock exchange. All 22 meet the current requirement for one or more women on the board, but only 11 meet the stricter requirements that will take effect next year.