Girls Inc. in dispute over Santa Barbara property sale
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Region’s unemployment rate flat at 3%, state hits all-time low
The unemployment rate in the tri-county region was 3% in July, the same as the month before, while California hit a new record low in July at 3.9%, according to data released Aug. 19 by the California Employment Development Department. Ventura’s unemployment rate in July was 3.2%, unchanged from the previous month and well below Read More →
Transphorm reports shrinking loss, rising revenue
Goleta-based Transphorm just missed analysts’ expectations when it reported its first quarter earnings on Aug. 15. Transphorm, a supplier of gallium nitride power conversion products, reported an adjusted earnings per share loss of 8 cents for the quarter ended June 30, one cent higher than Zacks Consensus Estimate. The company also reported a loss of Read More →
List of fastest growing private companies includes 22 from tri-county region
The Central Coast showcased the diversity of its companies in the latest edition of the Inc. 5000, as 22 companies based in tri-county region made the magazine’s list of the 5,000 fastest growing privately held companies in the country. Of those 22 companies, seven were in the top 1,000, and they come from a variety Read More →
Sonos shares down 25% after missing earnings and revenue expectations, lowering full-year guidance
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Rising interest rates, uncertain economy haven’t slowed homebuilding in region yet
Despite rising interest rates and a potentially slowing U.S. economy, homebuilders and residential developers seem eager to build in the tri-county region. The costs of materials and labor to build new homes have increased, and rising interest rates means potential homebuyers have to pay more mortgage interest, leaving less money for the principal. Developers are Read More →
Olaplex shares drop 10% after Q2 earnings release
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