Inogen beats earnings expectations, but supply issues persist
By Jorge Mercado / Thursday, November 4th, 2021 / Banking & Finance, Earnings, Latest news, middle, South Coast, Top Stories, Tri-County Economy, Tri-County Public Companies / Comments Off on Inogen beats earnings expectations, but supply issues persist
Goleta-based Inogen was able to deliver another earnings beat on Nov. 4 behind positive financial results for the third quarter of fiscal year 2021, but supply chain constraints continue to hinder the company’s potential. Inogen, a medical device company that manufactures and supplies portable oxygen containers, saw its net income and revenue increase year-over-year for Read More →
New owners have plans to transform Nordstrom building in downtown Santa Barbara
By pacbiztimes / Thursday, November 4th, 2021 / Latest news, Real Estate, South Coast, Top Stories, Top Story, Tri-County Economy / Comments Off on New owners have plans to transform Nordstrom building in downtown Santa Barbara
Three out-of-area firms have acquired the now-vacant building formerly occupied by Nordstrom in downtown Santa Barbara, the companies announced Nov. 4. Shopoff Realty Investments and Praelium Commercial Real Estate, both based in Orange County, bought the property in partnership with an affiliate of New York City-based Dune Real Estate Partners. Shopoff Realty Investments representatives declined Read More →
Amgen reports revenue growth in Q3 but lowers full-year guidance
By Jorge Mercado / Tuesday, November 2nd, 2021 / Banking & Finance, Earnings, East Ventura County, Health Care & Life Science, Latest news, middle, Top Stories, Tri-County Economy, Tri-County Public Companies / Comments Off on Amgen reports revenue growth in Q3 but lowers full-year guidance
Sales increases across Amgen’s drug lineup drove increases in revenue and non-GAAP earnings at the Thousand Oaks biotech company during the third quarter, according to its Nov. 2 earnings release, but pandemic issues persist, and the company lowered its revenue guidance for the year. Amgen, one of the largest biotech companies in the world, reported Read More →
QAD shareholders approve acquisition by Thoma Bravo; deal expected to close in ‘coming days’
By Staff Report / Tuesday, November 2nd, 2021 / Banking & Finance, Latest news, right, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies / Comments Off on QAD shareholders approve acquisition by Thoma Bravo; deal expected to close in ‘coming days’
In a special meeting on Nov. 2, shareholders of QAD approved the Santa Barbara-based software company’s pending acquisition by Thoma Bravo, a deal QAD said should close “within the coming days.” The private equity firm is buying QAD in a $2 billion all-cash deal announced by the companies on June 28. When the transaction closes, Read More →
UCSB says it’s sticking with Munger’s mega-dorm
By pacbiztimes / Tuesday, November 2nd, 2021 / Higher Education, Latest news, Real Estate, South Coast, Top Stories, Top Story, Tri-County Economy / Comments Off on UCSB says it’s sticking with Munger’s mega-dorm
Despite drawing national attention and criticism, UC Santa Barbara isn’t backing down from the design of the proposed Munger Hall dormitory on the university’s campus. Charlie Munger, the 97-year-old vice chairman of Warren Buffet’s firm Berkshire Hathaway, has pledged $200 million to UCSB to build the student housing development. The project budget is “in the Read More →
VCEDA’s departure marks the end of an economic development era
By Henry Dubroff / Friday, October 29th, 2021 / Columns, East Ventura County, Latest news, Subscriber content, Top Stories, Tri-County Economy, West Ventura County / Comments Off on VCEDA’s departure marks the end of an economic development era
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
Women’s share of region’s corporate board seats has doubled since 2018
By pacbiztimes / Friday, October 29th, 2021 / Banking & Finance, Latest news, Law & Goverment, left, Top Stories, Tri-County Public Companies, Women Inc. / Comments Off on Women’s share of region’s corporate board seats has doubled since 2018
Publicly traded companies in the tri-county region have added 18 women board directors this year, though a few companies still need to appoint more women to comply with stepped-up state diversity requirements that go into effect in 2022. A total of 69 women sit on the boards of the 22 companies headquartered in the Tri-Counties Read More →