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Updated: Gallegly talks about new CLU public policy center

By   /  Monday, March 4th, 2013  /  Latest news, Tri-County Economy  /  Comments Off on Updated: Gallegly talks about new CLU public policy center

Retired Congressman Elton Gallegly, R-Simi Valley, will lead a $3 million fundraising campaign for the newly established Gallegly Center for Public Service and Civic Engagement at California Lutheran University. During a telephone chat with the Business Times, Gallegly said he hopes to forge close ties between the Thousand Oaks public policy center and the nearby Read More →

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Powell urges sequester compromise at speech in SB

By   /  Friday, March 1st, 2013  /  Latest news, Tri-County Economy  /  Comments Off on Powell urges sequester compromise at speech in SB

Saying that “you couldn’t run a 7-11 the way we are running the country,” former Secretary of State Colin Powell urged the White House and Congress to work together to end the budget cuts set to kick in at midnight on March 1. Speaking at Westmont College’s annual President’s Breakfast in Santa Barbara on Friday Read More →

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Deckers earnings dropped 36% in 2012

By   /  Thursday, February 28th, 2013  /  Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Deckers earnings dropped 36% in 2012

Shares of Deckers Outdoor Corp. shot up 7.4 percent in after-hours trading as the Goleta firm predicted 2013 revenue will increase 7 percent over last year’s levels. Deckers earned $98 million in the fourth quarter, a 22.9 percent decline over a year earlier. Diluted earnings per share were $2.77 compared to $3.18 a year earlier, Read More →

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CLU names new management school dean

By   /  Thursday, February 28th, 2013  /  Latest news  /  Comments Off on CLU names new management school dean

California Lutheran University said Feb. 28 that Gerhard Apfelthaler is the new dean of its School of Management, effective June 1. Apfelthaler joined the Thousand Oaks university’s faculty in 2009 and is currently the associate dean for the management school’s graduate program. He is also a professor of international business and management. In his new Read More →

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Amgen loses case before U.S. Supreme Court

By   /  Wednesday, February 27th, 2013  /  Latest news, Law  /  Comments Off on Amgen loses case before U.S. Supreme Court

Thousand Oaks-based Amgen has lost a case before the U.S. Supreme Court that would have made it much more difficult for shareholders of public companies to band together and sue firms when their leaders make false or misleading statements. In Amgen v. Connecticut Retirement Plans and Trust Funds, the biotech giant sought to tighten the Read More →

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Bacara Resort sold to Pacific Hospitality Group

By   /  Monday, February 25th, 2013  /  Latest news, Real Estate, Tourism  /  Comments Off on Bacara Resort sold to Pacific Hospitality Group

Pacific Hospitality Group on Monday morning confirmed its purchase of the 78-acre Bacara Resort & Spa in Goleta. The Business Times first reported the pending sale of the 360-room resort last week. Pacific Hospitality, based in Irvine, already owns numerous high-end coastal properties. It purchased Bacara from Ohana Real Estate Investors and Rockpoint Group for Read More →

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Nuveen shakes up leadership at Santa Barbara Asset Management

By   /  Friday, February 22nd, 2013  /  Banking & Finance, Latest news, Personal Finance  /  Comments Off on Nuveen shakes up leadership at Santa Barbara Asset Management

A restructuring and management shakeup is afoot at the largest wealth management firm in the Tri-Counties. Michael Mayfield, CEO and co-chief investment officer of Santa Barbara Asset Management, is retiring from the firm effective March 1, after 18 years there. During that time, he helped SBAM more than double its assets under management, to $5.3 Read More →

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