Small businesses are showing resiliency
Even as the Federal Reserve continues to hike interest rates, the fallout from Silicon Valley Bank looms and inflation puts pressures on every market, most small business owners across the country — and the region — remain “optimistic,” a study published by Bank of America on April 27 found. According to the report, about 72% Read More →
Biotech Corridor event focuses on industry challenges
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Biosimilar market continues cutting into Amgen’s top line
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American Riviera reports smaller net income, adds hundreds of new depositors
American Riviera Bank, based in Santa Barbara, reported a net income of $3 million for the quarter ending on March 31, representing a decrease of 6% over the same period last year. Earnings per share for the first quarter totaled 52 cents per share, compared with 55 cents per share this time last year, according Read More →
Former Santa Barbara official files lawsuit against the city
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Teledyne starts the new year strong with earnings beat
Thousand Oaks-based Teledyne Technologies kicked off the earnings season right here on the Central Coast, delivering an earnings and revenue beat for the first quarter of 2023, the company announced on April 26 before the markets opened. Teledyne, a technology and defense conglomerate, delivered record revenue results in the first quarter, generating $1.38 billion in Read More →
Goleta struggles to meet state housing standards
It’s hard to attract and retain workers if they can’t afford to live in the region they work in, and housing elements on every level across the state are trying to fix that issue. While initially, it seemed as if the city of Goleta was the only local jurisdiction on track to meet state deadlines Read More →
