Venoco files for Chapter 11 bankruptcy
Energy, Latest newsVenoco, the Denver-based oil and gas company with substantial operations in the tri-county region, has filed a pre-packaged Chapter 11 bankruptcy after agreeing with lenders to slash $1 billion in debt. Venoco said March 18 that it reached an agreement with its senior lenders on a restructuring agreement. The company earlier said it was suspending Read More →
Chumash Chairman Vincent Armenta resigns to attend culinary school
Latest newsVincent Armenta announced his resignation March 17 as chairman of the Santa Ynez Band of Chumash Indians. Armenta is leaving to pursue a bachelor’s degree in culinary arts at the Culinary Institute of America in New York. “I have always enjoyed cooking, but it’s been a lifetime dream to delve further into the culinary arts Read More →
Grandson of Thoma Electric founder joining SLO company
Latest newsApple Senior Engineer Jeff Thoma will leave Silicon Valley to return to Silicon Beach. Thoma will rejoin San Luis Obispo-based Thoma Electric as a principal engineer in April at a company his grandfather founded more than 50 years ago. Thoma Electric is an electrical engineering firm that provides construction, design engineering and consulting services throughout Read More →
Amgen wins lawsuit against Regeneron, Sanofi for violating patents
East Ventura County, Latest news, Law & GovermentA federal jury decided in favor of Amgen on March 16 in a lawsuit filed against Regeneron Pharmaceuticals and Sanofi for violating patents on a cholesterol reducing drug. In October 2014, Thousand Oaks-based Amgen sued Paris-based Sanofi and Tarrytown, N.Y.-based Regeneron for violating patents on its cholesterol reducing drug Repatha. Sanofi and Regeneron co-developed Praluent Read More →
California Lutheran University launching new MBA program
Higher Education, Latest newsThe California Lutheran University School of Management will launch a new MBA program tailored to experienced professionals this fall. The MBA for Experienced Professionals program is designed for people with at least five years of progressive managerial or professional experience. The 18-month program will be delivered in a hybrid format with seven courses offered online Read More →
Farm Credit West net income grows
Banking & Finance, Banking Industry, Latest newsRoseville-based Farm Credit West increased its net income from $163 million in 2014 to $169 million in 2015, the credit union announced on March 14. Farm Credit West has offices in Carpinteria, Santa Maria, Templeton and Ventura, where it provides loans, leases and financial services to farmers, ranchers, rural homeowners, agribusinesses and agricultural and rural Read More →
Inogen shares soar after reporting revenues up 40 percent
Earnings, Latest news, Technology, Tri-County Public CompaniesInogen shares ended the day up 17 percent March 15 after the Goleta-based maker of direct-to-consumer respiratory products reported strong quarterly and annual earnings March 14. The company’s revenues increased about 40 percent during the fourth quarter and 2015 fiscal year because of strong business-to-business sales. In after-hours trading March 14, the stock shot up Read More →
