Lawmakers lay out agendas for Santa Barbara chamber
Everyone is rolling up their sleeves right now, but getting shots in arms isn’t the only challenge Central Coast leaders are facing. Several area political leaders came together on March 12 to talk COVID-19, housing, clean energy, wildfire resilience and other hot-button topics in the Santa Barbara South Coast Chamber of Commerce Legislative Update. Santa Read More →
Region’s unemployment rate flat in January as COVID surged
The tri-county region’s unemployment rate was 7.4% in January, the same as in December, as the region and state endured the second month of the winter COVID-19 surge. California’s unemployment rate was 9% in January, down from 9.3% in December, according to data released March 12 by the state Employment Development Department. The national unemployment Read More →
Ventura County picks new Health Care Agency director
Barry Zimmerman, the chief deputy director of the Ventura County Health Care Agency, has been selected as the next director of the agency. Ventura County Executive Officer Mike Powers selected Zimmerman after a nationwide recruitment, the county said in a March 11 news release. Zimmerman, a longtime county manager, has been with the Health Care Read More →
AeroVironment’s revenue, earnings rise in new quarterly report
AeroVironment, a drone company based in Simi Valley, saw a steep rise in revenue and a slight increase in net income when the company released its quarterly results on March 9. AeroVironment generated revenue of $78.8 million in the third quarter of its 2020-21 fiscal year, a 27% increase from the same quarter one year Read More →
Gyms juggle indoor, outdoor operations as region reopens
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Amgen to buy cancer treatment biotech firm for $1.9B
Thousand Oaks-based Amgen, one of the biggest biotech companies in the world, will get bigger with the $1.9 billion acquisition of Five Prime Therapeutics, a clinical-stage biotech company developing stomach cancer therapies. Amgen announced the acquisition March 4 and the deal is expected to close by the end of the second quarter of 2021. Under Read More →
SEC alleges pump-and-dump fraud at Airborne Wireless in Simi Valley
The U.S. Securities and Exchange Commission filed suit on March 2 against Simi Valley-based Airborne Wireless Network and seven of its shareholders and executives, accusing them of orchestrating a $45 million pump-and-dump stock fraud scheme. The lawsuit was filed in federal court in New York. The defendants are Kalistratos Kabilafkas, Timoleon Kabilafkas, Panagiotis Bolovis, Eric Read More →
