Montecito Bank & Trust owner Towbes stepping down as chairman
Updated at 8:40 p.m.: Montecito Bank & Trust founder and owner Michael Towbes will step down from his role as board chairman, the bank announced April 3. The bank, which will continue under ownership by a trust that is overseen by trustees, said it would propose naming current President and CEO Janet Garufis as CEO and Read More →
Read More →CSU Channel Islands names new provost
Geoffrey Chase has been selected as the new provost for CSU Channel Islands. His first day on the Camarillo campus will be July 6. Chase currently serves as a vice president at the WASC Senior College and University Commission. Previously, Chase was dean of undergraduate studies at San Diego State University, a professor at Miami Read More →
Read More →Investment firm asks Deckers Brands to explore sale
An investment firm that owns a 3.3 percent stake in Deckers Brands wants the Goleta-based shoe company to explore options for seeking a sale or merger. In a letter dated March 27, Santa Monica-based Red Mountain Capital Partners said it was concerned about the “persistent underperformance” of Deckers’ stock. Red Mountain managing partners Willem Mesdag Read More →
Read More →Clean Diesel Technologies reports $23.5 million net loss
Clean Diesel Technologies reported a $23.5 million net loss March 31, equal to $3.84 per share, for its fiscal year 2016, on revenues of $36.8 million, down 7 percent from $39.7 million in 2015. Fourth quarter revenues for the Oxnard maker of vehicle products fell from $9.7 million in 2015 to $8.6 million in 2016, Read More →
Read More →Goleta-based Resonant reports net losses grew in 2016
Net losses widened in 2016 for mobile device filter designer Resonant, based in Goleta, from $9.72 million in 2015 to $15.25 million, the company announced March 30. Resonant brought in $302,000 in revenues for the year, compared to none in 2015, but total operating expenses grew 60 percent year-over-year to $15.59 million. Net losses per Read More →
Read More →FDA fast tracks Amgen’s Blincyto leukemia drug
Thousand Oaks-based biotech giant Amgen announced March 29 that the U.S. Food and Drug Administration has fast-tracked the company’s leukemia drug Blincyto for priority review. The drug increases the length of survival among high-risk patients, according to a study released by the New England Journal of Medicine. It almost doubled median overall survival versus chemotherapy among adult patients Read More →
Read More →MindBody acquires dynamic pricing technology company
Business management software company MindBody, based in San Luis Obispo, announced March 29 that it had acquired early-stage Southern California yield management company Lymber Wellness. Lymber uses MindBody’s application program interface platform to support adjustable pricing strategies for wellness-based businesses. The technology changes the prices for classes and appointments based on availability, similar to dynamic Read More →
Read More →
Sponsored content:
2015-2016 Giving Guide
