Former SLO developer sentenced to 5 years in prison
A former San Luis Obispo County real estate developer, Ryan Wright, has been sentenced to five years for bribing a local politician nearly $95,000 in exchange for acts benefiting the company’s development projects. Wright, 38, was sentenced on Nov. 12 by United States District Judge Percy Anderson. Wright, formerly known as Ryan Petetit, has been Read More →
MannKind keeps hitting higher revenues
Westlake Village-based MannKind saw rising revenue and gave a positive update to its orphan lung pipeline when it announced its earnings for the third quarter of 2024. MannKind, a biotechnology company that develops treatments for diabetes and pulmonary arterial hypertension, announced that revenue for the quarter ended Sept. 30 hit $70.1 million, up from $51.2 Read More →
Olaplex’s struggles continue as earnings miss estimates
Montecito-based Olaplex missed analyst expectations in both revenue and net income when it announced its earnings for the third quarter of 2024. Announced Nov. 7, Olaplex noted that sales decreased 3.6% to $119.1 million in the third quarter of 2024.As a result, net income decreased 27.3% to $14.7 million and adjusted net income decreased 13.8% Read More →
Guest commentary: Navigating the recent surge in refinance activity
By Sergio Gonzalez Recently, the Federal Reserve’s decision to cut interest rates for the first time since March 2020, has sparked a surge in refinance activity, which should come as no surprise to those who track market trends. When rates drop, homeowners naturally begin to consider refinancing their mortgages to secure a lower rate, reduce monthly payments, or even Read More →
Street smarts: Ojai Valley Inn to temporarily close in January
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Uplift narrows list of which projects will receive $9M in grants
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Port electrified by $42M grant for upgrades
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