UCSB forecast says U.S. economy is strong
Whether there will be a recession or not, or whether we are already in one or not, depends on the economist you talk to on any given day. For Peter Rupert, the director of UCSB’s economic forecast and a professor of economics, he made his stance on the subject clear during the organization’s Feb. 23 Read More →
Tesla recall adds fuel to O’Dowd’s push
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Second lawsuit filed against former Ventura County CEO
A second woman has filed a lawsuit against former Ventura County Executive Officer Mike Powers, alleging she too was sexually harassed by him. Powers, who retired from the county’s top administrative position in March, has denied any wrongdoing through a statement provided to the Business Times from his lawyer, Jon Light of the Camarillo law Read More →
Deckers races past third-quarter expectations behind strong Hoka sales
Deckers’ attempt to turn its running shoe brand, Hoka One One, into a billion-dollar blockbuster keeps panning out with each quarter that passes. The Goleta-based company again outpaced analysts’ expectations, this time for the third quarter of 2022, as revenue and earnings both shot up thanks in large part to the continuing growth of the Read More →
Benn: Poinsettia Plaza sells for over $60 million
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Limoneria cuts down debt with sale of Tulare property for $100M
The future of Santa Paula-based Limoneira came into sharper focus on Feb. 1 when the company sold a major agribusiness holding in the Tulare area for $100 million, recouping $99 million in cash while also reaching an agreement to grow, pack and market lemons produced on the property. PGIM Agricultural Investments, a unit of PGIM Read More →
Amgen to lay off 300 U.S. workers
Technology layoffs are now hitting the healthcare sector, as Amgen will be laying off 300 people in the United States, the company announced on Jan. 30. The Thousand Oaks-based biotechnology giant said that it is making organizational changes “mainly in our commercial team,” the company’s statement said. “We made these changes to better manage against Read More →
