Brown signs bill lowering blood alcohol content limit for ridesharing service drivers
Gov. Jerry Brown signed a bill Sept. 29 that lowers the legally allowed blood alcohol content levels for drivers hired by ride-sharing services. Rep. Katcho Achadjian, D-San Luis Obispo, authored the bill, AB 2687, which says drivers hired by ride sharing services must follow the same blood alcohol content guidelines as commercial drivers. Under current Read More →
Calavo Growers to pay 90 cent dividend per share
The board of directors for Santa Paula-based Calavo Growers announced Sept. 27 that it would pay a 90 cent dividend per share of its common stock. The dividend is payable Dec. 8 to shareholders of record Nov. 17 and amounts to $15.7 million, a 12.5 percent increase over an 80 cent dividend 2015. Calavo stock Read More →
SpaceX could resume rocket launches by November
SpaceX on Sept. 23 updated the status of an investigation into a recent explosion at a Florida launch pad that postponed a launch at Vandenberg Air Force Base indefinitely. The September explosion indefinitely delayed the launch of a rocket originally scheduled to launch from Vandenberg on Sept. 19, but the company said it could resume Read More →
Largest industrial building in Thousand Oaks sells for $37 million
The largest industrial building in Thousand Oaks was sold for $37 million, according to CBRE. Van Nuys-based real estate company Majestic Asset Management purchased the fully leased property at 1461-1475 Lawrence Drive from Austin, Texas-based Western National Life Insurance Co., a subsidiary of AIG. Majestic secured a $26.6 million balance sheet loan for the deal, Read More →
FDA approves Amgen biosimilar of AbbVie’s Humira
The Food and Drug Administration approved Amgen’s Humira biosimilar Sept. 23. Amjevita, formerly known as ABP 501 and made by Thousand Oaks-biotech giant Amgen, replicates the effects of Humira, which is approved to treat nine conditions including rheumatoid arthritis, skin disorders and colon inflammation. Humira, made by Chicago-based competitor AbbVie, typically costs $20,000 per year Read More →
Brown signs bill to streamline CEQA process
Gov. Jerry Brown signed a bill that aims to expedite and add more transparency to environmental reviews. Sen. Hannah-Beth Jackson, D-Santa Barbara, authored Senate Bill 122 along with Sen. Jerry Hill, D-San Mateo, which strives to streamline the California Environmental Quality Act process. CEQA requires state and local agencies to identify significant environmental impacts of Read More →
