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January 26, 2024
Shares of Teledyne Technologies fell about 5% over the course of the trading day Jan 24, despite the fact the company’s fourth quarter results showed all-time record sales and orders. Thousand Oaks-based Teledyne shared its fourth quarter and full-year results the morning of Jan. 24. In the fourth quarter, the technology and defense conglomerate noted all-time
January 26, 2024
After upgrading its economic forecast mid-way through 2023, Alamar Capital Management, based in Santa Barbara, is wrapping up a year of 25% gains, fueled in part by Cisco Systems offer to acquire Splunk, one of the fund's biggest holdings, for $28 billion cash. Portfolio manager George Tharakan writes that "We are quite optimistic on the US economy
January 26, 2024
Lori Varlotta, president of California Lutheran University in Thousand Oaks. (courtesy photo) January has been a turbulent month for California Lutheran University, with embattled school president Lori Varlotta at the center of the storm. On Jan. 16, the faculty at the Thousand Oaks-based university overwhelmingly passed a no-confidence resolution in Varlotta, petitioning her to resign
January 22, 2024
Mariachi Loco Grill & Cantina in Simi Valley. (courtesy photo) Between taxes, permit costs, minimum wage and related factors, California is the most expensive state in the country to open a restaurant, according to a study released this month by RestaurantFurniture.net. Tri-county food service observers say that the state does indeed make it very costly
January 22, 2024
A new report from the Aztec Group and PEI Private Funds found that 80% of CFOs are either actively fundraising or are planning to do so in the next 12 months despite economic headwinds. The survey included more than 100 U.S. C-Suite individuals of both domestic and international funds, according to the January report. The
January 21, 2024
Shares of Santa Paula-based Calavo Growers took a bit of a hit on Jan. 17, one day after the company was supposed to release results for the fourth quarter of 2023. A lot of uncertainty seems to be swirling around Calavo at the moment, with the company delaying its filing for the fourth quarter and
January 21, 2024
Hardy Diagnostics' President and CEO Jay Hardy along with Andre Hsiung, Chief Scientific Officer at Hardy Diagnostics, unveil new hospital Microbiology Laboratory sign following financial donation to support purchase of highly specialized bacteria and fungi identification equipment. (courtesy photo) Santa Maria-based Hardy Diagnostics was in a particularly giving mood during the holiday season, donating nearly
January 20, 2024
The California Lutheran University faculty’s overwhelming vote of no confidence in President Lori Varlotta is an unfortunate development in what has been a turbulent time for the Thousand Oaks-based university. Although the vote is largely symbolic, it does come amid a lawsuit by former U.S. Rep. Elton Gallegly over how his archive and replica office
January 20, 2024
While some companies have taken steps back in the past few years, whether it be from the COVID-19 pandemic or other economic headwinds, Ventura-based Nexa3D continues pushing the mold. On Jan. 12, Nexa3D, a leader in the 3D printing industry, announced it had completed its acquisition of Essentium, a distinguished manufacturer of high-speed extrusion (HSE)
January 20, 2024
Richard Haass, a veteran diplomat and former president of the Council on Foreign Relations, will be speaking at the 19th annual Westmont President’s Breakfast, which will be held on March 1st from 7 a.m. to 9 a.m. in the Grand Ballroom of Hilton Santa Barbara Beachfront Resort. Tickets will go on sale on Feb. 2