Lois Capps’ Pipeline Safety Act passes House
The Pipeline Safety Act, a bill that aims to improve federal oil and gas pipeline safety regulation, passed the House, U.S. Rep. Lois Capps’ office announced on June 8. Capps, D-Santa Barbara, authored the bill after last year’s Refugio oil spill, the consequences of which are still playing out throughout the Tri-Counties. This bill aims Read More →
Amgen’s new drug for migraines shows promise
Thousand Oaks-based Amgen said a drug being developed in collaboration with Novartis showed promising results in providing relief for patients suffering from chronic migraines. The Phase 2 clinical trial met benchmarks for migraine reduction at two levels of dosage and with limited side effects. “Migraine is the sixth-leading cause of disability worldwide. Three to seven Read More →
Limoneira misses second quarter estimates but analysts reconfirm strong outlook for year
Santa Paula-based Limoneira reported drops in revenue and operating income for the second quarter of 2016 in an earnings report June 9. But analysts reconfirmed strong fiscal year 2016 and 2017 outlooks despite the quarter’s performance, due to favorable lemon pricing and expectations for the company’s real estate development segment. Limoneira’s recently expanded packing facility Read More →
Impact Radius raises $30 million in funding round
Impact Radius, a Santa Barbara-based digital marketing firm, finished a $30 million funding round June 8 by Boston-based Silversmith Capital Partners. Founded in 2008 by veterans from the early days of Commission Junction, now CJ Affiliate by Conversant, Impact Radius is a pioneer of so-called performance marketing space, where advertisers only pay out a commission Read More →
Teledyne subsidiary to develop parts for satellite network
Teledyne Defence won a contract June 6 to develop parts for micro satellites which may create a worldwide Internet network. Teledyne Defence, a United Kingdom-based subsidiary of Thousand Oaks-based industrial conglomerate Teledyne Technologies, said OneWeb Satellites awarded the company a contract June 6 to develop a component called a communications repeater for a network of Read More →
Semtech sells subsidiary Snowbush IP to Rambus
Semtech, a Camarillo-based manufacturer of semiconductors for the mobile phone industry, sold subsidiary Snowbush IP for $32.5 million to Sunnyvale-based Rambus, which develops memory systems for smartphones. Semtech said it also could receive more payments from Rambus through 2022 based upon a percentage of sales by Rambus of new products expected to be developed by Read More →
Calavo Growers reports highest quarterly net income in company history
Calavo Growers had its highest quarterly net income and gross profits ever, the company announced in a second quarter earnings report June 6, with earnings per diluted share of 56 cents. That beat the average estimate of analysts surveyed by Zacks Investment Research, which was for earnings of 50 cents per share. The Santa Paula-based Read More →
