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Montecito Bank & Trust
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Resonant plans to raise $9.2 million in public offering

By   /  Friday, September 9th, 2016  /  Latest news, Technology, Tri-County Public Companies  /  Comments Off on Resonant plans to raise $9.2 million in public offering

Resonant, a late stage Goleta development company designing small smartphone technology, plans to raise $9.2 million in a public offering. Documents filed with the Securities and Exchange Commission Sept. 9 said the company plans to offer about 2.4 million shares for $4.25 per share. The company expects to complete the offering by Sept. 14. Resonant Read More →

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Mission Wealth Management launches Social Values Portfolio

By   /  Wednesday, September 7th, 2016  /  Latest news, Personal Finance  /  Comments Off on Mission Wealth Management launches Social Values Portfolio

Santa Barbara-based financial advising firm Mission Wealth Management launched its new Social Values Portfolio, which aligns investments with an investor’s values. “The introduction of the Social Values Portfolio is in perfect alignment with Mission Wealth’s purpose as a business to serve both our clients and the community at large,” Mission Wealth CEO and founder Seth Streeter Read More →

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Greed drives skyrocketing cost of drugs in the U.S.

By   /  Friday, September 2nd, 2016  /  Columns, Latest news, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Greed drives skyrocketing cost of drugs in the U.S.

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Fiscal reform needed as pension time bomb ticks away

By   /  Friday, September 2nd, 2016  /  Banking & Finance, Banking Industry, Columns, Latest news, Top Stories, Tri-County Economy  /  Comments Off on Fiscal reform needed as pension time bomb ticks away

America’s summer of fiscal discontent is coming to a close on a downbeat note. The California legislature is preparing to wind up its session having stirred up a lot of controversy but done almost nothing to address the state’s ongoing pension crisis. The burgeoning shortfall now adds up to $139 billion in the CalPERS fund Read More →

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FDA approves Amgen’s Blincyto

By   /  Thursday, September 1st, 2016  /  Health Care & Life Science, Latest news, Tri-County Public Companies  /  Comments Off on FDA approves Amgen’s Blincyto

The U.S. Food and Drug Administration approved Amgen’s drug Blincyto for treating pediatric leukemia patients Sept. 1. In Dec. 2014, the FDA approved Blincyto to treat patients with precursor B-cell acute lymphoblastic leukemia, which is a rare form of the disease. On Sept. 1, the agency extended Blincyto’s approval to include pediatric patients with another Read More →

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Amgen acquires German drug

By   /  Thursday, September 1st, 2016  /  Latest news, Technology, Tri-County Public Companies  /  Comments Off on Amgen acquires German drug

Story updated at 11 a.m.: Thousand Oaks-based biotech giant Amgen acquired global development rights to a multiple myeloma drug from a German company Sept. 1. Amgen said in a news release it acquired commercial and development rights to BI 836909, which is currently being developed by German company Boehringer Ingelheim. It will work with Boehringer Read More →

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Semtech Q2 revenues soar

By   /  Wednesday, August 31st, 2016  /  Latest news, Technology, Tri-County Public Companies  /  Comments Off on Semtech Q2 revenues soar

Semtech revenues increased along with profits and earnings per share during the second quarter of fiscal year 2017 the company announced Aug. 31. Semtech, a Camarillo-based manufacturer of semi-conductors for the smartphone industry, released quarterly earnings results Aug. 31. Revenues increased 8 percent from $125.7 million during the same quarter last year to $135.9 million Read More →