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Sonos fights Apple spinoffs in patent battle

By   /  Friday, March 21st, 2014  /  Law, Technology, Top Stories  /  Comments Off on Sonos fights Apple spinoffs in patent battle

Wireless speaker maker Sonos made its first-ever disclosure of $535 million in revenue while locked in a patent fight against sophisticated opponents with ties to Apple.

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Health leaders: ‘Ambitious’ Obamacare goals tough to implement

By   /  Wednesday, March 19th, 2014  /  Central Coast, Central Coast Health Watch, East Ventura County, Nonprofits, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Health leaders: ‘Ambitious’ Obamacare goals tough to implement

Uncertainties shrouding Obamacare implementation are leaving many health-care providers strained, and consumers are thus far seeing few of the cost cuts promised by the overhaul. That was the theme that emerged from a March 18 forum in Santa Barbara hosted by nonprofit Visiting Nurse & Hospice Care.

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Sonos snags Xbox product chief

By   /  Tuesday, March 18th, 2014  /  Technology  /  Comments Off on Sonos snags Xbox product chief

Santa Barbara-based wireless speaker maker Sonos has recruited the head of Microsoft’s Xbox product team to become its new chief product officer.

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Michael and Anne Towbes give $5M to Granada Theatre group

By   /  Monday, March 17th, 2014  /  Nonprofits, Real Estate, Tourism  /  Comments Off on Michael and Anne Towbes give $5M to Granada Theatre group

Developer and banker Michael Towbes and his wife, Anne, have made a $5 million gift to the Santa Barbara Center for the Performing Arts. The gift is irrevocable, the organization said in a March 17 announcement, and is in addition to the $15 million the couple has previously given to SBCPA.

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Sonos’ revenue revelation generates buzz among IPO speculators

By   /  Friday, March 14th, 2014  /  Columns, Opinion  /  Comments Off on Sonos’ revenue revelation generates buzz among IPO speculators

It takes a ton of revenue — or some very foolishly spent capital — to support a multimillion-dollar ad campaign, including a coveted spot in the Super Bowl commercials.

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Artificial pancreas trials move forward with $2.3M grant

By   /  Friday, March 14th, 2014  /  Central Coast Health Watch, Nonprofits, South Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on Artificial pancreas trials move forward with $2.3M grant

With $2.3 million in recent federal funding, Sansum Diabetes Research Institute is moving forward with clinical trials of its artificial pancreas, a device that researchers hope will substantially improve the lives of people living with Type 1 diabetes.

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Big firms check in to Santa Barbara hotel boom

By   /  Friday, March 14th, 2014  /  Real Estate, South Coast, Top Stories, Tourism, Tri-County Economy  /  Comments Off on Big firms check in to Santa Barbara hotel boom

The 122-room Hotel Oceana on Santa Barbara’s waterfront has been purchased for $41.7 million by a Philadelphia investment trust that wants to expand on the West Coast. (Alex Drysdale / Business Times photo)

A Philadelphia company’s $41.7 million purchase of Hotel Oceana in Santa Barbara signals that large out-of-town investors are betting on a major boom in South Coast tourism.

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