Demand is up at the region’s food banks, and supply is down. In the for-profit world, those two factors would mean higher prices, but since food banks give away their products, their cupboards are starting to look a bit bare.
With its $56 million acquisition of Mission Community Bancorp, Heritage Oaks will shutter branches along the Central Coast in coming months and lay off about 60 employees in several phases.
Thousand Oaks-based Amgen plans to lay off 252 employees in Thousand Oaks by the end of April, bringing the total jobs cut since 2007 from Ventura County’s largest private-sector employer to about 1,150.
Hersha Hospitality Trust said it purchased the 122-room Santa Barbara hotel as part of a strategy to get into one of the “highest-demand gateway markets in the United States.”
A San Luis Obispo jury has awarded $4 million to a woman who alleged that Sierra Vista Regional Medical Center and an affiliated surgeon conspired to conceal the cause of a her husband’s death.
Camarillo-based Semtech Corp. delivered earnings on par with Wall Street expectations on March 5, holding its forecast steady as it deals with the costs of laying off 6 percent of its workforce and navigating a rough patch amid several years of growth.
