Obituary: Dave Power, auto quality and consumer research pioneer
EDITOR’S NOTE: Business Times subscribers can read our 2014 profile of Dave Power here. James David “J.D.” Power, whose name came to symbolize quality rankings in autos and other consumer products, has died at age 89. He passed away of natural causes on Jan. 23 in Thousand Oaks, according to a statement from the family. Read More →
Read More →Stop-and-start reopening starts again
Restaurants are open outdoors again, as California is back under the county-by-county tiered reopening system after more than a month under a stay-at-home order that split the state into five regions. Ventura, Santa Barbara and San Luis Obispo counties are all again in the state’s purple tier, the most restrictive one, as cases in the Read More →
Read More →Teledyne earnings report shows best-ever performance in 2020
Teledyne Technologies beat analysts’ expectations when it announced its fourth quarter results Jan. 27, with a slight decrease in revenue but a bump in net income compared to the same quarter a year earlier. Teledyne, a Thousand Oaks-based industrial and scientific conglomerate, reported earnings per share of $3.48 for the fourth quarter of 2020, up Read More →
Read More →Kate Farms closes Series B round with another $9M
Plant-based meal replacement producer Kate Farms saw a new backer join its series B funding round when it announced Jan. 26 that Main Street Advisors joined Goldman Sachs and Kaiser Permanente Ventures to invest $9 million, closing the round at $60 million. Kate Farms, which is headquartered in Santa Barbara, has told the Business Times Read More →
Read More →Inogen names new CEO
Inogen, a medical device company in Goleta that makes portable oxygen concentrators, named a new president and CEO on Jan. 27. Nabil Shabshab, 56, will lead the company starting Feb. 8, Inogen said. He has spent the last nine years with the medical technology company Becton Dickinson and Company, including the past three and a Read More →
Read More →Feds allocate $6.3 million to Ventura Harbor, Port of Hueneme
U.S. Army Corps of Engineers projects for the Port of Hueneme and Ventura Harbor will receive $6.3 million in federal funding, U.S. Rep. Julia Brownley announced Jan. 26. The money will be used for the annual dredging of Ventura Harbor and will allocate “donor port” funds for the Port of Hueneme, according to a news Read More →
Read More →Pacific Premier sees bump in income, assets in fourth quarter
Pacific Premier Bancorp’s net income rose in 2020 on the back of strong overall performance, causing the company to approve a new $150 million share repurchase program, the bank announced Jan. 26. The bank’s net income increased more than 63% from the previous year, going from $41.1 million in the fourth quarter of 2019 to Read More →
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