QAD sees major expansion ahead with Redzone acquisition
Latest news, TechnologySanta Barbara-based QAD has secured its second acquisition in as many months, this time purchasing Florida-based Redzone for a reported $1 billion, the software company announced Feb. 1. QAD, which provides cloud software for the manufacturing industry, did not disclose how much the deal was worth. However, according to Reuters, the deal is worth about Read More →
Amgen reports drop in profit for fourth quarter
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Biltmore owners seek $12M from insurance firms
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Sonos launches new partnership with TuneIn
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Limoneria cuts down debt with sale of Tulare property for $100M
Agribusiness, Central Coast, Latest news, left, Regions, Ventura CountyThe future of Santa Paula-based Limoneira came into sharper focus on Feb. 1 when the company sold a major agribusiness holding in the Tulare area for $100 million, recouping $99 million in cash while also reaching an agreement to grow, pack and market lemons produced on the property. PGIM Agricultural Investments, a unit of PGIM Read More →
Dole plc sells off fresh vegetables division for $293M
Agribusiness, East Ventura County, Latest news, Top Stories, Top Story, Tri-County EconomyIn a continued effort to pay down its debt, Westlake Village-based Dole plc has sold off its fresh vegetables division to an affiliate of Fresh Express Inc., a wholly-owned subsidiary of Chiquita Holdings, for $293 million. The sale is expected to close within the next two quarters, pending approval, Dole said in a press release. Read More →
Montecito Bank & Trust closes out 2022 strong
Banking & Finance, Earnings, Latest news, middle, Santa Barbara County, Tri-County Public CompaniesDespite total assets dropping from the end of last year, Montecito Bank & Trust reported an overall strong growth in income and loans to close out fiscal year 2022, the financial institution reported Jan. 30. Montecito Bank & Trust, the biggest bank in the tri-county region, reported income grew to $18.27 million for the year Read More →
