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Spirit of Small Business 2012 winners announced

By   /  Friday, July 27th, 2012  /  Features, Small Business  /  Comments Off on Spirit of Small Business 2012 winners announced

The 10th edition of Spirit of Small Business, the Pacific Coast Business Times’ annual celebration of small business and entrepreneurship in the Tri-Counties, published July 27. This 40-page special section features nine small businesses from Ventura, Santa Barbara and San Luis Obispo counties. To read profiles of the winners, pick up a print copy of Read More →

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Analysis: John Kerry trades on Amgen show loophole in new law

By   /  Friday, July 27th, 2012  /  Banking & Finance, Law, Technology, Top Stories, Tri-County Public Companies  /  1 Comment

By Julian Moore, Special to the Business Times, on July 27, 2012 In August, stock sales by members of Congress and thousands of federal employees will get new scrutiny under the STOCK Act, a law passed in April to combat insider trading among government officials. But a Business Times examination of the timing of the Read More →

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Amgen Q2 earnings up 8 percent

By   /  Thursday, July 26th, 2012  /  Latest news  /  Comments Off on Amgen Q2 earnings up 8 percent

[wikichart align=”right” ticker=”NASDAQ:AMGN” showannotations=”true” livequote=”true” startdate=”26-01-2012″ enddate=”26-07-2012″ width=”300″ height=”245″] Amgen’s earnings beat market expectations in the second quarter and rose 8.2 percent, the Thousand Oaks-based biotech giant said in a July 26 report. The company reported a profit of $1.27 billion, or $1.61 a share, up from $1.17 billion, or $1.25 a share,  a year Read More →

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As merger looms, PCBC marks profits

By   /  Thursday, July 26th, 2012  /  Banking & Finance, Banking Industry, Earnings, Top Stories, Tri-County Public Companies  /  Comments Off on As merger looms, PCBC marks profits

Santa Barbara Bank & Trust parent Pacific Capital Bancorp earned $24.1 million, or 73 cents per diluted share, in the second quarter of 2012 compared with $21 million the year before. The company, which is in the process of being bought by Union Bank, said the profits were its highest since Texas-based Ford Financial Group Read More →

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Teledyne profits, sales up

By   /  Thursday, July 26th, 2012  /  Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Teledyne profits, sales up

Thousand Oaks-based Teledyne Technologies, a defense and industrial conglomerate, reported second-quarter profits of $39.5 million, or $1.06 a share, on July 26, compared with $38.7 million, or $1.04, last year. The company also said it took in $518.5 million in sales compared with $502.9 million for the second quarter of 2011. Sales increased 3.1 percent Read More →

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Walmart plans two new Santa Maria stores

By   /  Wednesday, July 25th, 2012  /  Central Coast, Latest news  /  Comments Off on Walmart plans two new Santa Maria stores

Walmart said on July 25 that it plans to open two of its smaller Neighborhood Market grocery stores in Santa Maria on South Blosser Road and South Bradley Road, the latest in a string of expansions in the Tri-Counties. The Blosser Road location will serve Santa Maria residents near the intersection with Boone Street. The Read More →

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Venoco chief gets more time to find $400M

By   /  Wednesday, July 25th, 2012  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on Venoco chief gets more time to find $400M

[wikichart align=”right” ticker=”NYSE:VQ” showannotations=”true” livequote=”true” startdate=”25-01-2012″ enddate=”25-07-2012″ width=”300″ height=”245″] Venoco founder Tim Marquez has been given a second extension until Aug. 31 to tell shareholders how he plans to come up with as much as $400 million to take his company private. The Denver-based oil company has large operations on the South Coast and was Read More →

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