Our View: Signs of progress in efforts to improve Ventura County’s business climate
Economic development has become a hot topic in Ventura County thanks to a couple of recent reports that spotlight a deep crisis in housing affordability and a dearth of head-of-household jobs. The issue has spilled over into Ventura County politics, where county supervisor candidate and former Assemblymember Jeff Gorell has been talking about creating a Read More →
Teledyne wins $596M space station contract
Thousand Oaks-based Teledyne won a NASA contract worth as much as $596 million, the company announced Sept. 8. In a news release, Teledyne, a technology and defense conglomerate, said its subsidiary, Teledyne Brown Engineering, was awarded the Marshall Operations, Systems, Services and Integration II (MOSSI II) contract for the International Space Station. It has a Read More →
AeroVironment shares soar 15% after earnings report
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Ventura County sued over UCLA Health clinic property taxes
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Gilbert family’s gift will fund 100 CLU scholarships
A $2.5 million gift from the TOLD Foundation will provide California Lutheran University with roughly 100 scholarships to low-income and moderate-income students over the next eight years. The gift is the largest non-estate gift CLU has received for scholarships, according to a Sept. 8 statement from the university. Called the Rod Gilbert Achievement Scholarships, the Read More →
Aera, Ventura County’s leading oil producer, sold to German firm
Aera Energy, one of the biggest oil and gas producers in the tri-county region, will be sold by its owners, ExxonMobil and Shell, to a privately held German company, IKAV. The companies announced the deal Sept. 1. Shell owns about 52% of Aera, and Exxon owns about 48%. IKAV will pay about $4 billion in Read More →
Revenue and losses both up at Cure Pharmaceutical
Oxnard-based Cure Pharmaceutical, a drug delivery platform and CBD products company, reported more losses but rising revenue in its second quarter earnings. Cure suffered a net loss of $9.6 million in the second quarter of 2022, up substantially from a net loss of $1.3 million in the same quarter a year ago. That equates to Read More →
