Pacific Capital reports $28M loss, but Sept. profit
By Staff Report / Tuesday, November 9th, 2010 / Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies / Comments Off on Pacific Capital reports $28M loss, but Sept. profit
Editor’s Note: This story was updated at 4:50 p.m. Pacific Capital Bancorp lost nearly $28 million in July and August but said the first month under its new Texas owners was profitable. Texas-based private equity firm Ford Financial Fund acquired 86 percent of Pacific Capital for $500 million at the end of August. Pacific Capital Read More →
Read More →Sweet success: Region’s candy firms expand
By Marlize van Romburgh / Monday, November 8th, 2010 / Features, Small Business / Comments Off on Sweet success: Region’s candy firms expand
The shelves at Kingston’s Candy Co. are stacked with enough Pixy Stix, Gummi Bears, Abba Zabbas, Moon Pies, bubblegum, Smarties and chocolate bars to make Willy Wonka himself proud. “Nine months ago I was in the corporate world, and here I am having fun in candy land,” owner Sarah Jaimes says from behind a center Read More →
Read More →New suit hits Brooks Institute
By Stephen Nellis / Monday, November 8th, 2010 / Top Stories / Comments Off on New suit hits Brooks Institute
A former Brooks Institute of Photography student and his family are suing the school’s parent company and lender Sallie Mae, alleging that after he defaulted his student loans ballooned from $120,445 to more than $227,000 based on hidden terms and fees. The former student, Todd Marek, is suing Sallie Mae and two debt collectors in Read More →
Read More →Second acts: Industry veterans start new Web ad firms
By Stephen Nellis / Monday, November 1st, 2010 / Features, Technology / Comments Off on Second acts: Industry veterans start new Web ad firms
Amid a resurgence of tri-county startups in online advertising technology, Dave Gross, one of the industry’s most successful veterans, is back in the game with a new venture. Gross co-founded Fastclick in Santa Barbara. After a successful initial public offering in 2005, it was bought by Westlake Village-based ValueClick for $220 million. Since then, Read More →
Read More →Facebook doesn’t forget
By Stephen Nellis / Monday, October 25th, 2010 / Features, Technology / Comments Off on Facebook doesn’t forget
Like it or not, about four in five businesses Google their prospective hires and look at public Facebook profiles. Santa Barbara-based Social Intelligence Corp. wants to take that task off their hands. The reason is that unstructured online sleuthing can put an employer in a thorny position. One the one hand, businesses can be sued Read More →
Read More →New digital ad startup from industry veteran
By Stephen Nellis / Thursday, October 21st, 2010 / Latest news, Technology / Comments Off on New digital ad startup from industry veteran
[Editor’s Note: See correction below.] One of the Tri-Counties’ most successful digital display advertising veterans is back in the game with a new startup. Dave Gross co-founded Fastclick, which went public and was bought Westlake Village-based ValueClick in 2005 for $220 million. Since then, Gross has quietly invested with several regional startups. But with Connexity, Read More →
Read More →Profitable merger for Noza
By Stephen Nellis / Monday, October 18th, 2010 / Nonprofits, Technology, Top Stories / Comments Off on Profitable merger for Noza
Noza, a Santa Barbara firm offering data to help nonprofit fundraisers, has been acquired by a South Carolina company that’s profiting handsomely from the nonprofit sector. Noza created technology that searches the Web for public information about the money that people and companies have given to charities. Fundraisers at charities and nonprofits can use that Read More →
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