Semtech shares hit two-year low after company lowers Q3 guidance
Camarillo-based Semtech produced record revenue and earnings in the second quarter of 2022, but its shares plummeted 27% the day after its earnings release after the company’s guidances for the third quarter were well below analysts’ expectations. Semtech, a semiconductor company specializing in Internet of Things applications, saw its net income increase in the second Read More →
Legislature paves way to keep Diablo Canyon open through 2030
The push by Gov. Gavin Newsom, along with some environmentalists, energy experts and local officials, to extend the life of the Diablo Canyon nuclear power plant succeeded early Sept. 1. In an extended session, the California Legislature voted overwhelmingly in favor of Senate Bill 846, giving the state the option of keeping the power plant Read More →
Goleta startup Next Energy passes test for its solar windows
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State funds more than 100 units in Ventura County with anti-homelessness grants
New funding from Sacramento will help convert a motel in Thousand Oaks to housing for homeless people and buildings at Casa Pacifica Centers for Children and Families to housing for at-risk former foster youth, adding more than 100 units of supportive housing in Ventura County. Gov. Gavin Newsom announced $694 million in new grants on Read More →
Distilleries shake up region’s beverage industry
Though water makes up about 60% of the average person’s body, liquor certainly runs in the Cutler family line. As a boy, Ian Cutler heard the stories of how his great-grandfather was a bootlegger during Prohibition. From there, his family kept running different liquor stores, bars and more, until 1985, when changes to California’s liquor Read More →
In Solvang, state controller says recession is coming to California
Economists are predicting a recession will probably occur in full within the next two years, according to California State Controller Betty Yee, who spoke at an Aug. 24 event in Solvang hosted by the Solvang Chamber of Commerce. Some larger companies in California are already making decisions to delay hiring and delay business growth, Yee Read More →
