San Luis Obispo airport adding nonstop service to Denver
Central Coast, Latest news, TourismSan Luis Obispo took another step forward in its quest to become a major tourism and tech hub on Feb. 27 when it announced the inauguration of nonstop service to Denver, beginning in June. The single United Express flight, which arrives in SLO in the evening and departs at the crack of dawn the next Read More →
Central Coast Innovation Awards honorees announced
Latest newsThe Pacific Coast Business Times is pleased to announce this year’s Central Coast Innovation Awards winners. Each honoree is profiled in the B section of the Feb. 24-March 2 issue of the Business Times. Winners will be honored at an awards reception Thursday, March 16 at the Bacara Resort & Spa from 4 p.m. Read More →
LTC Properties reports increase in net income
Earnings, Latest news, Tri-County Public CompaniesWestlake Village-based LTC Properties announced a 15.7 percent increase in net income to $20.6 million, or 53 cents per diluted share, for the quarter ended Dec. 31. Revenues increased from $30.8 million for the fourth quarter of 2015 to $34.8 million for the fourth quarter of 2016, attributed in part to higher investing activities. Interest Read More →
Resonant agrees to sell $7.5 million in stock to Longboard
Latest news, Technology, Tri-County Public CompaniesGoleta-based radio frequency front-end designer Resonant agreed to allow its stockholder Longboard Capital Advisors to purchase $7.5 million worth of stock and stock warrants. Expected to close Feb. 22, each unit in the offering will be sold for $4.61, the average closing price for Resonant common stock between Feb. 3 and Feb. 16. In addition, Read More →
Judge denies Plains’ motion to set aside criminal indictment over oil spill
Energy, Latest news, Law & GovermentSanta Barbara County Superior Court Judge Jean Dandona denied defense counsels’ motions to set aside the criminal indictment against Plains All American Pipeline and James Buchanan, the environmental and regulatory compliance specialist for Plains, with the exception of one misdemeanor count against Buchanan, Santa Barbara County District Attorney Joyce Dudley said Feb. 21. Plains was Read More →
The Trade Desk stock up 8 percent as firm sells 5 million shares
Earnings, Latest news, Technology, Tri-County Public CompaniesShares of Ventura-based The Trade Desk jumped 8 percent to $35.00 as the company announced the launch of a 5 million share offering by current investors. At the company’s closing price on Feb. 21, the offering would have a gross value of around $165 million before a possible 10 percent overallotment, as disclosed in the Read More →
Genentech sues Amgen over biosimilar drug info
Health Care & Life Science, Latest news, TechnologyRoch AG subsidiary Genentech filed a lawsuit against Amgen claiming the Thousand Oaks-based company obstructed its investigation of whether the biosimilar Amgen is developing for Genentech’s cancer treatment Avastin violates the company’s patents, according to reports Feb. 20. Sales for Avastin, a treatment for lung, colon, ovarian and other types of cancer, reached $6.8 billion Read More →
