Amgen subsidiary discovers rare gene that could reduce heart attack risk
An Amgen subsidiary may have found a rare gene that could drastically reduce the risk of heart attacks in the future. DeCode Genetics, an Iceland-based subsidiary of Thousand Oaks biotech giant Amgen, uncovered a rare and unknown genetic variation in some people that could reduce the risk of heart attacks and lower cholesterol. The variant Read More →
Resonant signs licensing agreement with customer
Resonant may be turning a corner. The company announced it signed a second licensing agreement May 17 with an existing customer. The Goleta-based company is developing smartphone technology called duplexers it intends to license to manufacturers of smartphone technology. Last week, it announced the first revenues in the company’s history when it reported first quarter Read More →
Phillips 66 crude-by-rail project continued
Story updated at 10 p.m. May 16: The Phillips 66 proposal to expand its crude-by-rail project was continued until September. The San Luis Obispo County Planning Commission rejected a motion to deny the project at its meeting on May 16. Phillips 66 plans to build a rail spur that would connect its refinery to Union Pacific’s major interstate Read More →
Arthur J. Gallagher & Co. acquires Hogan Insurance Services
Arthur J. Gallagher & Co. has acquired Hogan Insurance Services in Westlake Village. Terms of the transaction were not disclosed. Formed in 1994, Hogan Insurance Services is a retail insurance broker providing property/casualty, employee benefits, risk management and specialty wholesale insurance services for commercial clients throughout Southern California. They specialize in workers compensation insurance for Read More →
Supreme Court clears way for religious organization workers to get free birth control
The U.S. Supreme Court announced May 16 that it would not rule on a case regarding religious organization workers’ access to free birth control. It is looking to lower courts to explore a compromise. The Zubik v. Burwell case discusses whether freedom is infringed by an Obama administration rule regarding contraceptive coverage under the Affordable Care Read More →
Qualstar revenues down 23 percent during first quarter
Qualstar revenues sunk during the first quarter, the company reported May 12. Simi Valley-based Qualstar is an electronics manufacturer that specializes in data storage and power supplies for telecom, broadcast and gaming industries, among others. Revenues sank 23 percent during the quarter from $2.8 million in 2015 to $2.1 million in 2016. Net losses decreased Read More →
Interlink Electronics revenues, profits up
Interlink Electronics reported a sharp increase in revenues and profits for the first quarter on May 16. Westlake Village-based Interlink Electronics focuses on manufacturing sensors that are used in portable electronic devices. The company said revenues increased 24 percent during the quarter to $2.8 million; up from $2.3 million during the first quarter of 2016. Read More →
