Alston & Bird – one of the nation’s largest law firms – has dipped its toe into the Tri-Counties. As a result, six Weston Benshoof Rochefort Rubalcava & MacCuish attorneys in Westlake Village will work for a firm starting Sept. 1. Atlanta-based Alston & Bird merged with Weston Benshoof on July 30; the change becomes [...]
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Shares of Thousand Oaks-based Amgen continued to rise July 29, climbing $2.67, or 4.4 percent. Amgen’s stock price began climbing after its top executives raised the 2008 earnings forecast at its quarterly earnings call, which occurred after the markets closed July 28. Before the call, Amgen had performed strongly July 28, even as the Dow [...]
When Nobel Prize winner Muhammad Yunus of Grameen Bank spoke in Santa Barbara earlier this spring, I must confess I was puzzled about his message. He talked about turning traditional banking upside down and creating a new form of business, a so-called “social business” that did not exist just to make a profit. But the [...]
Gov. Arnold Schwarzenegger signed legislation July 15 extending the expiration for subdivision maps, giving developers a chance to wait for the housing slump to pick up before embarking on major projects. The struggling residential market, the governor’s office reported, is making it tough for builders to secure financing. In an effort to save developers from [...]
Two years ago this month, the journalistic eyes of California turned to the South Coast where the Santa Barbara News-Press melted like an ice cream cone in the summer sun. Top editors quit or were fired. Reporters and columnists fled the News-Press as if the building was on fire. Some reporters wore tape over their [...]
San Luis Obispo-based American Principle Bank, which opened in October, reported July 21 financial results for the six months ended June 30. It lost $309,000 during the second quarter of 2008, compared to a loss of $499,000 during its first quarter of the year. The second quarter loss was primarily because of $349,000 in [...]
Woodland Hills-based United Online, a provider of consumer Internet and media services, announced July 17 it has received a commitment from Silicon Valley Bank to provide a $60 million senior secured term loan facility to be used by United Online to fund a portion of the cash merger consideration for its acquisition of FTD Group. [...]
Westlake Village-based ValueClick on July 17 announced preliminary results for the second quarter ended June 30, expecting revenue between $163 and $164 million, compared to its prior guidance range of $166 million to $170 million; adjusted-EBITDA between $43 million and $43.5 million, compared to its prior guidance range of $40 million to $42 million; and [...]
Santa Barbara-based Pacific Capital Bancorp announced July 23 financial results for the second quarter ended June 30, showing a net of $5.9 million, or 13 cents per diluted share, compared to net income of $33.2 million, or 70 cents per diluted share, in the same period last year. The results include a provision for loan [...]
It’s all smiles and sauvignon in Happy Canyon’s vineyards
Towbes Group grabs Goleta with Groupon-like deals at retailers
Social-media IPOs could launch Golden State sustainability fund
Ventura County brokers hold out ’til 2013 for real recovery
Name changes and new faces at SLO and Oxnard law firms
From apartments to industrial spaces, deals close in the region