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Developers back out of deal to buy Santa Maria parcels from Limoneira

By   /  Friday, March 7th, 2014  /  Banking & Finance, Central Coast, Real Estate, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Developers back out of deal to buy Santa Maria parcels from Limoneira

Two housing developments in Santa Maria are back on the market after a potential buyer backed out of an $8.3 million deal with Limoneira Co.

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Heritage Oaks to cut 60 jobs as Mission Community deal closes

By   /  Friday, March 7th, 2014  /  Banking & Finance, Banking Industry, Central Coast, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Heritage Oaks to cut 60 jobs as Mission Community deal closes

With its $56 million acquisition of Mission Community Bancorp, Heritage Oaks will shutter branches along the Central Coast in coming months and lay off about 60 employees in several phases.

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Amgen to cut 252 jobs

By   /  Thursday, March 6th, 2014  /  Top Stories, Tri-County Public Companies  /  Comments Off on Amgen to cut 252 jobs

Thousand Oaks-based Amgen plans to lay off 252 employees in Thousand Oaks by the end of April, bringing the total jobs cut since 2007 from Ventura County’s largest private-sector employer to about 1,150.

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Semtech meets Street expectations after layoffs

By   /  Wednesday, March 5th, 2014  /  Earnings, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Semtech meets Street expectations after layoffs

Camarillo-based Semtech Corp. delivered earnings on par with Wall Street expectations on March 5, holding its forecast steady as it deals with the costs of laying off 6 percent of its workforce and navigating a rough patch amid several years of growth.

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Microlending founder urges business leaders to reinvest profits

By   /  Friday, February 28th, 2014  /  Banking & Finance, Nonprofits, Top Stories  /  1 Comment

Nobel Laureate and founder of Grameen Bank Muhammad Yunus never intended to create a microlending juggernaut or invent the idea of a social business. “My work was not pre-planned,” he said. “It was an action born out of desperation.”

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$50M infusion sets stage for Mindbody IPO

By   /  Friday, February 28th, 2014  /  Banking & Finance, Central Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on $50M infusion sets stage for Mindbody IPO

San Luis Obispo-based software firm Mindbody has raised $50 million in fresh venture capital, bringing its total funds raised to date to $98 million and positioning the company for a possible initial public offering this year or next.

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Deckers shares plunge with predicted Q1 loss

By   /  Thursday, February 27th, 2014  /  Banking & Finance, South Coast, Top Stories  /  Comments Off on Deckers shares plunge with predicted Q1 loss

Shares of Ugg boot parent Deckers Outdoor Corp. were down almost 14 percent in after-hours trading on Feb. 27 (Deckers media photo)

Shares of Deckers Outdoor Corp. were down sharply in after-hours trading Feb. 27 as the company predicted a loss for this year’s first quarter of 16 cents per share compared to a 10-cent-per-share profit expected by Wall Street.

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