PG&E to close Diablo Canyon Power Plant by 2025
Pacific Gas and Electric plans to close the Diablo Canyon Power Plant near Avila Beach by 2025, the company announced June 21. The nuclear power plant has been controversial since starting operations in 1985 because fault lines run under and near the plant. PG&E said in a news release that it has plans to replace Read More →
Read More →Land O’Lakes buying Thousand Oaks-based Ceres for $17.2 million
Land O’Lakes is buying Thousand Oaks-based Ceres for $17.2 million, the companies announced June 17. Under the terms of the agreement, Minneapolis-based Land O’Lakes will buy all outstanding shares of Ceres common stock for 40 cents per share, in cash. The price per share of common stock represents an 81 percent premium to the closing Read More →
Read More →2016 Latino Business Awards winners announced
The Business Times is pleased to announce our 2016 class of Latino Business Awards winners. Now in its fifth year, this annual special section published with the June 17 print edition. The award winners will be honored at an evening reception Thursday, July 14 at the Crowne Plaza Ventura Beach hotel. [For tickets, call (805) Read More →
Read More →Initiative to help startups at UC campuses included in state budget bill
California lawmakers included an initiative to help startups at UC campuses throughout California in a $122.5 billion budget passed by the legislature June 15. Assemblywoman Jacqui Irwin, D-Thousand Oaks, proposed the initiative, which will give $2 million every year to each UC campus and the Lawrence Berkeley National Laboratory to start or expand business incubators. Read More →
Read More →Santa Barbara’s QAD announces dividend
Santa Barbara cloud software manufacturer QAD announced a dividend of .072 cents per share of Class A common stock June 15. The company also said it would pay .06 cents per share of Class B common stock. Both dividends will be paid to investors who are shareholders on July 7. QAD announced the dividend after Read More →
Read More →Court delays hearing on Plains’ motion to seal Refugio oil spill transcripts
Santa Barbara Superior Court will review Plains All American Pipeline’s motion to seal the transcripts of its indictment from the Refugio oil spill on June 30, the same day of the arraignment. The hearing was continued on the morning of June 16. Plains filed a motion on May 27 to seal all California grand jury Read More →
Read More →Santa Barbara’s LogicMonitor gets $130 million investment
A fast-growing Santa Barbara IT firm has hit it big with a $130 million capital raise. LogicMonitor, headquartered at two offices in Santa Barbara, said Providence, R.I.,-based Providence Equity Partners invested $130 million in the IT service firm June 16. Steve Francis created the cloud-based service in 2008 that allows businesses or IT departments to Read More →
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