Phillips 66 crude-by-rail project continued
Story updated at 10 p.m. May 16: The Phillips 66 proposal to expand its crude-by-rail project was continued until September. The San Luis Obispo County Planning Commission rejected a motion to deny the project at its meeting on May 16. Phillips 66 plans to build a rail spur that would connect its refinery to Union Pacific’s major interstate Read More →
Arthur J. Gallagher & Co. acquires Hogan Insurance Services
Arthur J. Gallagher & Co. has acquired Hogan Insurance Services in Westlake Village. Terms of the transaction were not disclosed. Formed in 1994, Hogan Insurance Services is a retail insurance broker providing property/casualty, employee benefits, risk management and specialty wholesale insurance services for commercial clients throughout Southern California. They specialize in workers compensation insurance for Read More →
Supreme Court clears way for religious organization workers to get free birth control
The U.S. Supreme Court announced May 16 that it would not rule on a case regarding religious organization workers’ access to free birth control. It is looking to lower courts to explore a compromise. The Zubik v. Burwell case discusses whether freedom is infringed by an Obama administration rule regarding contraceptive coverage under the Affordable Care Read More →
Qualstar revenues down 23 percent during first quarter
Qualstar revenues sunk during the first quarter, the company reported May 12. Simi Valley-based Qualstar is an electronics manufacturer that specializes in data storage and power supplies for telecom, broadcast and gaming industries, among others. Revenues sank 23 percent during the quarter from $2.8 million in 2015 to $2.1 million in 2016. Net losses decreased Read More →
Interlink Electronics revenues, profits up
Interlink Electronics reported a sharp increase in revenues and profits for the first quarter on May 16. Westlake Village-based Interlink Electronics focuses on manufacturing sensors that are used in portable electronic devices. The company said revenues increased 24 percent during the quarter to $2.8 million; up from $2.3 million during the first quarter of 2016. Read More →
Clean Diesel Technologies beats revenue estimates but misses on net loss per share
Clean Diesel Technologies beat analyst revenue estimates, but missed net-loss-per share estimates in first quarter results released before markets opened May 13. Oxnard-based Clean Diesel Technologies makes diesel emission control systems for cars and other diesel powered vehicles. Revenue of $9.7 million beat analyst estimates of $8.77 million, according to S&P Capital IQ, but still Read More →
NBC locks up Amgen Tour of California coverage through 2019
NBC Sports and AEG Worldwide agreed to a three-year media rights extension of the Amgen Tour of California on May 12. NBC started televising the Tour of California in 2007 during the second year of the weeklong bicycle race. With the extension, NBC Sports Group will retain U.S. media rights on all platforms and will Read More →
