Sonos announces layoffs
Santa Barbara audio technology company Sonos, the fast-growing startup that is now a major downtown employer, has begun layoffs as it refocuses on voice controls. Sonos founder and CEO John MacFarlane made the announcement late March 9 in a blog post on the privately-held company’s website. The number of layoffs was not disclosed. “We are Read More →
Implant scandal takes toll on Sientra
Months after a scandal erupted over contaminated implants, Sientra released earnings results that showed how much a suspension of sales hurt the company. The Goleta-based breast implant manufacturer released fourth quarter and year-end earnings on March 9. Revenues fell to just $1.5 million, compared to $12.1 million a year ago. Net losses ballooned from $3.2 Read More →
As Rush steps down, CSUCI welcomes first woman president
In a move that signals a new era of leadership, CSU Channel Islands will get its first woman president, and the current CI provost will take the helm at CSU Chico. The CSU Board of Trustees announced March 9 that Erika Beck, currently provost at Nevada State College will become the second president of CI. Read More →
Calavo Growers beats per share estimates but misses on revenue
Calavo Growers beat per share analyst expectations but missed revenue estimates when the company reported fiscal year 2016 first quarter earnings March 8. The Santa Paula-based avocado grower reported earnings per share of 37 cents, 2 cents better than estimates compiled by financial information provider S&P Capital IQ. Revenues increased 5 percent from $194.8 million Read More →
It’s official: CKE moving headquarters from Carpinteria to Nashville
CKE Restaurants, the parent company of Hardees and Carl’s Jr., is moving its Carpinteria headquarters to Nashville, Tennessee, the company announced March 7. The Business Times broke the news in its print edition March 4 that CKE was looking to consolidate the Carpinteria office and Hardee’s St. Louis office into one office in Nashville. A Read More →
Survey: Central Coast businesses optimistic
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Amgen to pay dividend of $1 per share
Thousand Oaks-based biotech giant Amgen announced it will pay a second quarter dividend of $1 per share. Amgen increased its first quarter dividend to $1 per share from 79 cents on Dec. 15, which Amgen paid to shareholders during each quarter last year. Amgen will pay the dividend on June 8 to shareholders who own Read More →
