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Ugg maker shears outlook after plunging Q3 profits

By   /  Thursday, October 25th, 2012  /  Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Ugg maker shears outlook after plunging Q3 profits

[wikichart align=”center” ticker=”DECK” showannotations=”true” livequote=”true” rollingdate=”1 year” width=”390″ height=”245″] Ugg boot company Deckers Outdoor Corp.’s shares plunged 14.7 percent in after-hours trading on Oct. 25 as the footwear firm’s sales slipped and it said 2012 profits are expected to be down one-third compared to last year. Deckers, currently building a new, campus-style headquarters in Goleta, Read More →

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Pacific Capital’s third quarter profits up 62%

By   /  Wednesday, October 24th, 2012  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Pacific Capital’s third quarter profits up 62%

Santa Barbara Bank & Trust parent Pacific Capital said third-quarter earnings were up 62.2 percent to $33.2 million, or $1.01 per diluted share. The higher profits come on the eve of the sale of the region’s largest banking franchise to San Francisco-based Union Bank, a deal expected to close in the fourth quarter. Pacific Capital Read More →

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Amgen’s profits jump as forecast brightens

By   /  Tuesday, October 23rd, 2012  /  Banking & Finance, Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Amgen’s profits jump as forecast brightens

Amgen reported higher-than-expected earnings on Oct. 23 and raised its outlook for the rest of the year. Amgen’s earnings are regionally significant because the Thousand Oaks biotech firm is Ventura County’s largest private sector employer. The company turned in adjusted third-quarter earnings of $1.67 a share, topping the Wall Street estimate of $1.47 by a Read More →

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Business leaders want to deepen STEM focus in local schools

By   /  Friday, October 19th, 2012  /  Latest news, Technology, Tri-County Economy  /  Comments Off on Business leaders want to deepen STEM focus in local schools

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Helix Medical buys Kentucky firm

By   /  Thursday, October 18th, 2012  /  Central Coast Health Watch, Latest news  /  Comments Off on Helix Medical buys Kentucky firm

Helix Medical, a Carpinteria-based manufacturer of medical devices, has acquired Kentucky-based MedVenture Technology Corp., it said Oct. 17. The Carpinteria company purchased MedVenture, a medical device design, development and manufacturing company that also has offices in Indiana and Minnesota, from Ampersand Capital Partners, a Massachusetts-based private equity firm. Terms were not disclosed. With 150 employees Read More →

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Kimpton’s Canary names new GM

By   /  Wednesday, October 17th, 2012  /  Latest news  /  Comments Off on Kimpton’s Canary names new GM

Kimpton’s Canary Hotel in Santa Barbara has welcomed Caroline Dyal as its new general manager. Dyal comes to Canary, a 98-room boutique hotel in downtown Santa Barbara, from Kimpton’s Hotel La Jolla. She replaces Laura McIver, who in August took on the top job at El Encanto, the historic Santa Barbara resort that’s set to Read More →

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Melchiori files for Ch. 7 bankruptcy

By   /  Tuesday, October 16th, 2012  /  Latest news  /  2 Comments

Santa Barbara-based Melchiori Construction Co. has filed for Chapter 7 bankruptcy protection amid a flurry of creditor lawsuits. The general contractor filed bankruptcy documents at 9:02 a.m. on Tuesday and listed assets of $50,000 or less and debts between $1 million and $10 million. In a Chapter 7 bankruptcy, a debtor seeks to liquidate its Read More →

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