Cleveland Fed CEO talks inflation, recovery at UCSB forecast
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New study puts Vandenberg at $5.8B in economic impact, 20K jobs
Editor’s note: This article was updated shortly after it was posted to include information about the planned renaming of the base. Vandenberg Air Force Base was responsible for 20,000 jobs and $5.8 billion in economic activity in 2020, with room to grow to $7.9 billion in output by 2030, according to a new study by Read More →
Teledyne closes $8.2B Flir acquisition
Thousand Oaks-based Teledyne Technologies completed its purchase of Flir Systems on May 13 when the stockholders of each company approved the $8.2 billion deal, Teledyne announced May 14. Flir, a thermal imaging company based in Oregon with a large presence in Goleta, is now part of Teledyne’s Digital Imaging Segment and operates under the name Read More →
Revenue up at MannKind, but losses mount
Westlake Village-based biotech company MannKind saw a slight bump in revenue in the first quarter thanks to its product Afrezza, but net losses continued to climb. MannKind released its earnings after the markets closed on May 12. It ended the day down 8.6% and regained 0.25% on May 13, to close at $4.03. MannKind, which Read More →
Sonos shares up after strong earnings report
Sonos saw a record second quarter as it reported $17.2 million in net income on May 12, up from a steep loss the year before, and beat analysts’ expectations. The Santa Barbara-based home sound system producer went from a net loss of $52.3 million, or 48 cents per share, in the second fiscal quarter of Read More →
AeroVironment chairman to retire
AeroVironment, a Simi Valley-based drone and robotics company, announced May 11 that its chairman of the board, Tim Conver, plans to retire later this year. He will be replaced as chairman by Wahid Nawabi, AeroVironment’s president and CEO. Conver has been a member of the board since 1988 and chairman since 2007. He was CEO Read More →
Sales and losses both rise at Sientra
Sientra missed estimates and almost doubled its net loss over the course of a year, but saw increases in net sales and gross profit as well as decreases in operating expenses, according to its first-quarter earnings report, released May 11. The Goleta-based medical aesthetics company saw a net loss of $54.7 million, or $1.01 per Read More →
