Teledyne shares hit record after strong earnings report
The acquisition of Flir Systems continues to pay off for Teledyne Technologies, as the Thousand Oaks-based industrial and scientific conglomerate crushed analysts’ expectations in the third quarter and upped its guidance for the full year. Teledyne delivered record sales for the quarter ended Sept. 30, generating $1.3 billion in revenue, a 75.8% increase from the Read More →
Region’s unemployment rate drops below 5%
The unemployment rate in the tri-county region dropped nearly a full percentage point between August and September, to reach its lowest level since before the COVID-19 pandemic began. The combined unemployment rate of Ventura, Santa Barbara and San Luis Obispo counties was just under 5% in September, down from 5.9% in August, according to a Read More →
MannKind shares drop 18% after FDA says it will pass on new blood pressure drug
Shares of Westlake Village-based MannKind Corp. dropped 18% on Oct. 18, after the U.S. Food and Drug Administration did not approve a hypertension treatment the company is developing with United Therapeutics. In a complete letter response, the FDA declined to approve a new drug application for Tyvasio DPI, a treatment being developed by MannKind and Read More →
Alisal Fire now 41% contained, Highway 101 reopened
Firefighters got the upper hand Thursday on the Alisal Fire in Santa Barbara County, and on Friday morning Highway 101 was fully open between Goleta and Buellton after a three-day closure. The fire started Monday afternoon in Refugio Canyon, a few miles north of Refugio State Beach. By Friday morning, it was 41% contained, according Read More →
Fire closes Highway 101 near Goleta
Highway 101 remained closed Wednesday morning at its midpoint in Santa Barbara County as a wildfire that started Oct. 11 continued to burn through the hills northwest of Goleta. The Alisal Fire jumped Highway 101 along the Gaviota coast on Oct. 12 and sent smoke and ash into downtown Santa Barbara and even Ventura County. Read More →
Olaplex with ‘strong performance’ after IPO
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Amgen invests $100M in startup pursuing brain treatments
An Amgen-funded biotech company launched Oct. 7, announcing a strategic partnership between the two companies that includes $100 million in funding and global rights to develop and sell some of Amgen’s experimental drugs for neurodegenerative diseases. Thousand Oaks-based Amgen, one of the largest biotech companies in the world, committed $100 million in equity investment to Read More →
