Health & Human Services director will keynote June summit
Herb K. Schultz, regional director of the U.S. Department of Health and Human Services, will keynote the Pacific Coast Business Times’ 2013 Champions in Health Care Summit. The event, which also celebrates the 2013 honorees in the Business Times’ Champions in Health Care special section, will take place June 21 at El Encanto in Santa Read More →
Active Life raises 500K
Active Life Scientific, a six-year-old medical device company that develops biopsy technology, has raised $500,000 in a round of financing, the Santa Barbara-based firm said May 16. The Series A round was filled by new and existing investors, and it included an investment by Tech Coast Angels, the largest angel investor network in the U.S. Read More →
FCAL merger with PacWest set to close May 31
Los Angeles-based PacWest Bancorp and Westlake Village-based First California Financial Group have received the go-ahead from federal banking regulators to finalize a $237 million merger. The deal, which will merge First California into PacWest and likely result in about a dozen overlapping branches being shuttered, is expected to close on May 31. The banks said Read More →
KCLU buys Santa Maria station
Thousand Oaks-based National Public Radio station KCLU has purchased a station in Santa Maria that will expand its reach to the Central Coast. The station, which is a community service of California Lutheran University, will begin broadcasting to listeners in Santa Maria, the Santa Ynez Valley, Lompoc, Nipomo and the Five Cities area. The frequency Read More →
PennyMac shares jump 2.6% on second day of trading
Shares of PennyMac Financial Services climbed another 2.6 percent the day after they started trading publicly for the first time. The Moorpark-based company, founded in 2008 by former top executives at Countrywide Financial Corp., raised just over $200 million in its initial public offering of stock after opening with a share price of $18.25 on Read More →
El Encanto owner reports $8.3M loss
Orient-Express Hotels, the Bermuda-based luxury travel firm that owns and operates the newly-reopened El Encanto hotel in Santa Barbara, reported an $8.3 million loss on revenue of $103.2 million for the first quarter. That’s a slight improvement over a $14.4 million loss during the same time period last year, and officials said in the May Read More →
Vasquez: Navy’s pivot to Pacific benefits Ventura County
An additional 700 military personnel will come to Naval Base Ventura County to operate a unit of the Navy’s first large drone system, the base commander told a gathering of business leaders in Thousand Oaks on Thursday. Capt. Lawrence Vasquez talked about the economic impact of the naval base at a Corporate Leaders Breakfast at Read More →
