Santa Barbara faces enforcement nightmare over short-term rentals
The city of Santa Barbara had it good. It had been controversially collecting taxes on short-term rentals since 2008 even though most were illegally operating in certain residential zones. The city earned extra revenue and only had to crack down on a handful that neighbors deemed intolerable. But the inherent conflict caught up with policy Read More →
NRG Energy to demolish Mandalay power plant, cooling tower if new plant approved
NRG Energy updated the application for its new peaker power plant in Oxnard on Nov. 19. In an updated filing with the California Public Utilities Commission, NRG said it would demolish the current power plant and a cooling tower on the site if the new Puente Power Project is approved by the commission. Dave Read More →
Gold Coast Recycling celebrates 25th anniversary
When California passed AB 939 in 1989, the mandatory waste diversion goals looked lofty and unreachable. But Harrison Industries of Ventura stepped up with a unique plan to provide all of its customers in Ventura and Santa Barbara counties with waste bins that allowed them to separate trash and recyclables. Twenty-five years later, Gold Read More →
European regulators approve Amgen cancer drug Kyprolis
Thousand Oaks-based Amgen scored another major victory Nov. 19. European regulators approved experimental drug Kyprolis on Thursday for patients who have received at least one prior treatment for multiple-myeloma. Kyprolis was the cornerstone of Amgen’s $10.4 billion buyout of Onyx Pharmaceuticals in 2013. Multiple-myeloma is a form of blood cancer that forms in plasma cells Read More →
Semtech third quarter earnings per share miss estimate
Semtech, a Camarillo-based maker of semiconductors for cell phones and electronic devices, missed analyst estimates slightly when the company reported third quarter results Nov. 18. Semtech reported earnings per share of 16 cents. Analysts had expected earnings per share of 24 cents. Semtech slightly exceeded analyst revenue estimates of $115.4 million by posting earnings of Read More →
French Hospital Medical Center unveils educational facility
French Hospital Medical Center has taken the wraps off an 18,000-square-foot health and education facility it hopes will forge closer ties between the hospital and higher education in San Luis Obispo. With about 200 business and community leaders standing by, CEO Alan Iftinik unveiled the Copeland Health Education Pavilion. Iftinik said the building, which Read More →
