Legislators should help manufacturing rebound
While the South Coast is reveling in its waterfront makeover, tri-county tourism is getting stronger and economists are heralding a boom in craft spirits, the manufacturing core of the region is looking more and more hollowed-out. Large sections of Simi Valley and west Ventura County and North Santa Barbara County are losing head-of-household jobs. San Read More →
Self-driving cars: Disruptions on the road ahead
By Paul Witman Self-driving cars and trucks are making their way from the lab to city streets and highways. Projects from Google, Audi, Tesla and others have made considerable progress in enabling the “driver” just to tell the car where to go and the car does the rest. Uber, the taxi alternative, is testing these Read More →
CalAmp reports $1.5 million loss in net income for third quarter
Oxnard wireless parts maker CalAmp ended the third quarter with a $1.5 million loss in net income, or a 4 cent loss per diluted share, compared to $3.9 million in net income last year, or 11 cents per share. CalAmp was impacted by a legal expense that was $1.6 million more than the comparable period last year Read More →
Soraa LED lamps exceed state certification standards
Goleta-based LED technology company Soraa announced Dec. 22 that its products exceeded the certification needed for California’s Title 24 lighting standard, making it the first company with a complete line of LED lamps to do so. Soraa’s LEDs had both a color rendering index and a deep red rendering index of 95, greater than the Read More →
USDA will allow lemon imports from Argentina
The U.S. Department of Agriculture announced Dec. 20 that it would publish its final rule allowing lemon imports from areas of Argentina into the U.S. Its pest risk assessment and three site visits, most recently in September, led the agency to conclude that a systems approach requiring registration, monitoring, treatment and traceability protocols for production Read More →
Amgen seeks to market osteoporosis drug in Japan
Thousand Oaks biotech giant Amgen is seeking marketing approval in Japan for osteoporosis drug romosozumab, the company announced on Dec. 20. Amgen submitted the request to the Pharmaceuticals and Medical Devices Agency in Japan, where an estimated 12 million people have a high risk of bone fracture. The company is co-developing the drug worldwide with Euronext Read More →
Calavo Growers reports record fourth quarter income
Calavo Growers, headquartered in Santa Paula, reported record fourth quarter revenues of $247.7 million and net income of $9.2 million, almost double its net income for the same period last year. Earnings climbed to 53 cents per diluted share for the quarter ended Oct. 31, compared to 28 cents for the fourth quarter 2015, bringing Read More →
