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Citrix to layoff 1,000 employees, spin off GoToMeeting

By   /  Tuesday, November 17th, 2015  /  Latest news, South Coast, Top Stories  /  1 Comment

Citrix Systems Inc., the cloud-services company, is planning to cut about 1,000 jobs and spin off its Goleta-based GoToMeeting division rather than sell the online meeting organizer, it announced Nov. 17. Activist investor Elliott Management Corp. has been calling for change at the software firm. Citrix also noted that it would restructure its labor force, Read More →

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Goleta-based Sientra’s third quarter revenues down

By   /  Monday, November 16th, 2015  /  Central Coast Health Watch, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Goleta-based Sientra’s third quarter revenues down

Sientra Inc. sales were down 6.9 percent in the third quarter of 2015 but the results were largely unaffected by recent pandemonium at the company. The Goleta-based company reported third quarter results on Nov. 16 for the quarter that ended on Sept. 30, just one week after European regulators pulled products made by Sientra’s Brazilian Read More →

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Regulators order Plains to purge Line 903 of corrosive crude

By   /  Friday, November 13th, 2015  /  Energy, Latest news, Top Stories  /  1 Comment

Regulators have ordered Plains All American Pipeline to empty corrosive crude oil that’s been sitting in Line 903 since it was partially shut down in late May. The U.S. Department of Transportation’s Pipeline and Hazardous Materials and Safety Administration issued on Nov. 13 an amendment to the original corrective action order requiring that Plains purges Read More →

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Update: Albertsons, Sprouts taking over Haggen stores in Tri-Counties

By   /  Friday, November 13th, 2015  /  Latest news, Real Estate, Top Stories  /  Comments Off on Update: Albertsons, Sprouts taking over Haggen stores in Tri-Counties

This Haggen store in Santa Barbara is among 23 that are closing in the Tri-Counties.

Roxy’s Market’s bid for 2010 Cliff Drive in Santa Barbara may not come to fruition. Co-owner Mike Lawler successfully bid $75,000 for the rights to the soon-to-be-vacant Haggen store on the Mesa, but the landlord told him on Nov. 17 that he is looking for a larger national chain. Roxy’s has two smaller stores in Read More →

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Central Coast economy on a roll

By   /  Friday, November 13th, 2015  /  Latest news, South Coast, Top Stories  /  Comments Off on Central Coast economy on a roll

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Ruptured Plains oil pipeline puts squeeze on tax receipts

By   /  Friday, November 13th, 2015  /  Energy, Latest news, Top Stories  /  Comments Off on Ruptured Plains oil pipeline puts squeeze on tax receipts

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Latin America trade key for Tri-Counties

By   /  Friday, November 13th, 2015  /  Agribusiness, Latest news, Top Stories, Tri-County Economy  /  Comments Off on Latin America trade key for Tri-Counties

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