How to borrow $4 billion: With financing secure, path is nearly clear for Teledyne/Flir deal
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Read More →Cal Poly economic impact estimated at $1.8B
Cal Poly, San Luis Obispo is responsible for more than $1.8 billion per year in industrial activity and nearly 20,000 jobs around the state, according to a new study commissioned by the California State University system. The study looked at the 2018-19 academic year and was released April 1, and conducted by a Virginia consulting Read More →
Read More →Region’s clinics get almost $60M in federal COVID funds
Several Central Coast health centers are getting nearly $60 million in total federal funds to help expand access to COVID-19 vaccines, testing and treatment because of the American Rescue Plan. Of the six centers, Community Health Centers of the Central Coast, which is based in Nipomo, received the most money, with $18.7 million. Three organizations Read More →
Read More →Revenues and losses both grew at Cure in 2020
Cure Pharmaceutical, an Oxnard company with a CBD products subsidiary, reported steep revenue growth but rising net losses in the fourth quarter and full year of 2020. In an annual statement released April 1, Cure reported revenue of $2.1 million in the final quarter of 2020, up 229% from the same quarter a year before. Read More →
Read More →Buildings in Calabasas, Camarillo sell in busy week for commercial real estate
Back-to-back multi-million commercial real estate sales on the Highway 101 corridor are showing that the market is moving again. The Park Calabasas, an office campus that has been home to Lockheed Martin and Countrywide Financial, sold for $79 million on April 1, and an industrial building in Camarillo sold for $6.5 million the day before. Read More →
Read More →Amgen announces $721M acquisition
Amgen reported its second major acquisition of the month, as the Thousand Oaks-based firm announced March 30 that it will acquire Rodeo Therapeutics Corporation, a privately held biotech company based in Seattle. The deal is worth more than $700 million, $55 million of which will be paid upfront, with up to $666 million more in Read More →
Read More →UCSB Chancellor Henry Yang named to Business Times Hall of Fame
UC Santa Barbara Chancellor Henry T. Yang will become the 22nd member of the Pacific Coast Business Times Hall of Fame. Yang is the fifth chancellor in UCSB’s history, and by far its longest serving, having led the campus since 1994. He will be inducted at a virtual event on May 20 and will be Read More →
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