UCSB ordered to cut fall enrollment
Short on state funds, the University of California system will cut freshmen enrollment and freeze top administrators’ salaries. For the University of California, Santa Barbara – the Tri-Counties’ largest university with more than 22,000 students – the Jan. 14 move by university regents will mean 275 fewer new freshman admitted this fall. The school enrolled Read More →
December job cuts hit 1,780 in region
[Editor’s Note: Clarification appended below.] Major private employers in the Tri-Counties cut 1,780 jobs from December through early January, more than 10 times the number of positions the region shed in the same period a year ago. The increase in job cuts was found in a Business Times review of state and local data and Read More →
Mentor sued over sale price
The billion-dollar acquisition of Mentor Corp. has run into legal opposition from disappointed shareholders. Drug giant Johnson & Johnson on Dec. 1 offered to buy the Santa Barbara-based breast implant maker for $1.07 billion in cash, or $31 a share. The proposed acquisition was the largest deal involving a tri-county company in 2008. Within days, Read More →
Carpinteria lands big names in high-tech
While global markets experienced wild swings and volatility, the local commercial real estate market held up comparably well, according to Pacifica Commercial Realty’s fourth quarter review and market update, which was released to the Business Times. “Much of the intrinsic stability is attributable to three major factors,” wrote Broker and Executive Vice President Mark Mattingly Read More →
Reprogramming for 2009 – Tech companies learn from dot-com bust
Here’s a New Year’s resolution: survive the recession. With a year-old slump touching every part of the economy and showing little sign of letting up, technology companies are rethinking their strategies and learning from tough times they’ve weathered before. “It will sound trite, but we’re just like everyone. The challenge is keeping revenue up… (and) Read More →
