Stephen Nellis | Friday, February 21st, 2014
Santa Barbara summit seeks to draw businesses to region’s homeless issue
East Ventura County, Green Coast, South Coast, Top Stories, Tri-County Economy, West Ventura CountyThe event will host several national speakers on the topic, but the organizers say the goal is to encourage data-driven methods of addressing homelessness that have measurable goals and a clear plan for achieving them.
Stephen Nellis | Friday, February 21st, 2014
Inogen shares stumble after $70.5M initial public offering
Banking & Finance, Health Care & Life Science, Technology, Top Stories, Tri-County Public CompaniesShares of Goleta-based Inogen settled into the low $15 range as the Business Times went to press Feb. 19 after the company raised $70.5 million in an initial public offering that priced at $16, the low end of its expected range. In addition to selling shares, the company changed some of the disclosures it made to investors, pointing out its steep reliance on government and private insurance programs for 41 percent of its total revenue in 2012.
Stephen Nellis | Wednesday, February 19th, 2014
SpaceX’s propulsion chief elevates crowd in Santa Barbara
Technology, Top StoriesSpaceX engine chief Tom Mueller spoke to a crowd of more than 100 in Santa Barbara on Feb. 19 at an event called “Exploring the Next Frontier: The Commercialization of Space is Lifting Off” hosted by the Central Coast MIT Enterprise Forum.
Stephen Nellis | Wednesday, February 19th, 2014
Chinese firm to pump $665M investment into Santa Maria oil field
Central Coast, Technology, Top Stories, Tri-County EconomyOne of the most prominent oil field redevelopments in Santa Barbara County is set to be acquired by a Chinese jewelry firm. Houston-based ERG Resources confirmed to the Business Times that it is set to be acquired by Beijing-based Goldleaf Jewelry Co., a jewelry firm that also has gold mining investments.
Stephen Nellis | Friday, February 14th, 2014
Precedent-setting attorneys launch surrogacy agency in Santa Barbara
Columns, Law & GovermentSanta Barbara attorneys Robert Walmsley and Marlea Jarrette have opened an agency called Surrogacy International to build on their decades of experience practicing — and sometimes helping establish — the law that applies when a woman agrees to carry a child for another couple.
Stephen Nellis | Friday, February 14th, 2014
Vitesse makes play for Internet of things in turnaround tactic
Banking & Finance, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura CountyVitesse, which had $103.7 million in revenue last year, is hoping that the Internet of things will converge with the turnaround strategy it has been mounting for the past several years that is starting to come to fruition.
Stephen Nellis | Friday, February 14th, 2014
Conversant dials down on new ad strategy
Banking & Finance, Technology, Top Stories, Tri-County Public CompaniesConversant will align all of its business units — including a new SET Media video unit that it acquired for $26 million in cash and $4 million in stock days after its name change — around the goal of direct conversations between advertisers and consumers.