Keeping Score: Nonprofit business advisers celebrate 50 years
By Austen Hufford / Friday, July 25th, 2014 / Central Coast, East Ventura County, Small Business, South Coast, Top Stories, Tri-County Economy, West Ventura County / Comments Off on Keeping Score: Nonprofit business advisers celebrate 50 years
The business-advice nonprofit Score just turned 50, but the advice it provides is ageless. The national organization is celebrating its 50th anniversary this year, and the San Luis Obispo branch is celebrating 30 years. For half a century, Score has provided free or low-cost mentoring and workshops to entrepreneurs and business owners around the Read More →
Read More →Pacific Hospitality plans multimillion-dollar facelift for Bacara
By Elijah Brumback / Friday, July 25th, 2014 / Real Estate, Top Stories, Tourism / Comments Off on Pacific Hospitality plans multimillion-dollar facelift for Bacara
The 360-room Bacara Resort & Spa is slated to undergo a multimillion-dollar top-to-bottom renovation in coming years.
Read More →Deckers shares jump as firm raises full-year outlook on higher Q1 sales
By Staff Report / Thursday, July 24th, 2014 / Banking & Finance, Top Stories, Tri-County Public Companies / Comments Off on Deckers shares jump as firm raises full-year outlook on higher Q1 sales
Shares of Deckers Outdoor Corp. hopped 5.6 percent in after-hours trading on July 24 as the footwear firm reported better-than-expected sales and raised its outlook for the full year. The firm’s loss widened to $37.1 million, or $1.07 per share, compared to a loss of $29.3 million in the same period a year earlier. Read More →
Read More →GoBiz director calls on communities to invest in workforce development
By Henry Dubroff / Thursday, July 24th, 2014 / Central Coast, South Coast, Top Stories, Tri-County Economy / Comments Off on GoBiz director calls on communities to invest in workforce development
California’s sometimes inward-looking cities need to make economic and business development a key part of their plans. And they will probably have more success if they can think regionally about workforce and business issues. That was the message that Kish Rajan, director of the Governor’s Office of Business & Economic Development, or GoBiz, brought to Read More →
Read More →Allergan to shutter Goleta facility, cut 300 jobs
By Stephen Nellis / Tuesday, July 22nd, 2014 / Central Coast Health Watch, Earnings, Latest news, South Coast, Technology, Top Stories, Tri-County Public Companies / Comments Off on Allergan to shutter Goleta facility, cut 300 jobs
Allergan will close its Goleta facility and eliminate about 300 positions there as part of a broader cost tightening effort as the Irvine company fends off a hostile takeover attempt. Allergan makes Botox and other cosmetic drugs and devices. The company became a major South Coast employer in 2005 when it bought breast implant maker Read More →
Read More →Santa Clara Valley Bank to be sold in $15.3M deal
By Staff Report / Friday, July 18th, 2014 / Agribusiness, Banking & Finance, Banking Industry, Latest news, Top Stories / Comments Off on Santa Clara Valley Bank to be sold in $15.3M deal
Santa Paula-based Santa Clara Valley Bank is being acquired by Sierra Bancorp for $15.3 million in an all-cash deal announced July 17. The Ventura County bank operates branches in Fillmore, Santa Paula and Valencia. With assets of about $127 million, the bank is the second-smallest bank headquartered in the Tri-Counties.
Read More →PennyMac counts on family, Countrywide ties
By Elijah Brumback / Friday, July 18th, 2014 / Banking & Finance, Top Stories, Tri-County Public Companies / Comments Off on PennyMac counts on family, Countrywide ties
PennyMac, the Moorpark-based firm founded by former top brass at Countrywide Financial Corp., has inked a $550 million loan repurchasing deal with Bank of America. The deal forms a half-billion-dollar pact among three companies that have been intimately connected since shortly after Countrywide, the firm at the heart of the subprime loan meltdown, was Read More →
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