OCB Bancorp’s second quarter net income up over last year
In its second quarter earnings report, OCB Bancorp — parent company of Ojai Community Bank, Santa Barbara Community Bank, Ventura Community Bank and Santa Paula Community Bank — reported net income year-to-date of $516,000, or 25 cents per share, up from $372,000 last year. “Loans also continue to grow, increasing approximately $49 million since June Read More →
Santa Barbara’s Aurrion acquired for $165 million
Sunnyvale-based Juniper Networks announced Aug. 4 in a quarterly filing with the Securities and Exchange Commission it acquired Santa Barbara-based silicon photonic chip maker Aurrion for $165 million. Aurrion makes components that transmit information quickly using cheap, easily mass-produced silicon wafers. UC Santa Barbara professor John Bowers founded Aurrion in 2008 and the company quickly Read More →
Abbvie sues Amgen to block sales of Humira biosimilar
Thousand Oaks-based biotech giant Amgen faces a lawsuit seeking to block it from selling a biosimilar of AbbVie’s popular Humira. The rheumatoid arthritis medicine is Abbvie’s best seller. Sales were up 17 percent in the second quarter to $4.15 billion and accounted for 61 percent of AbbVie’s 2015 revenue. Abbvie claims Amgen’s proposed copy would Read More →
Protect elderly from information scammers
By Paul D. Witman “Knowledge (information) is power.” — Francis Bacon, 1597 Edward, 82, bought long-term-care insurance 25 years ago. But when circumstances conspired to force him to make claims against it, his provider delivered a perfect storm of information problems — confusing deadlines, conflicting bills and poor customer service. What should have been a Read More →
Small is new big when it comes to business
By Ray Bowman Recently while traveling, I had the honor of meeting one of the world’s top five trend-spotters, Marian Salzman. She talked about some of the leading trends for 2016 and noted that “local is the new global” and that living large is no longer a trend. “Small is the new big” suffices to Read More →
UCSB’s John Bowers wins 2017 Photonics Award
UC Santa Barbara electrical and computer engineering professor John Bowers was awarded the 2017 Photonics Award from the Institute of Electrical and Electronics Engineers on Aug. 3. Bowers, who has been at UCSB since 1987, helps lead UCSB’s institute for energy efficiency, which is known for making significant scientific breakthroughs. The award recognizes his “pioneering Read More →
Faith-based colleges in Tri-Counties could lose funding
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
