Solid Oak takes action
UncategorizedSanta Barbara-based Solid Oak Software said it asked Sony Corp., Lenovo Group Ltd., Toshiba Corp. and Acer to not ship personal computers containing anti-pornography software required by China, after claiming the code was stolen from its own product, Bloomberg News reported. Solid Oak sent cease and desist letters to the four manufacturers this week, Jenna Read More →
Pacific Capital CEO outlines bank
UncategorizedPacific Capital Bancorp took a big one-day hit to its stock price June 23 after national media outlets sniped at it with reports that it has put on hold some payments on federal money it received last year. The Santa Barbara company — parent of Santa Barbara Bank & Trust and other banking brands on Read More →
Future of Neverland Ranch unclear
UncategorizedAs reports of the death of pop megastar Michael Jackson rolled in, the co-owner of his Neverland Ranch in the Santa Ynez Valley said it wouldn’t comment on the future of the property. “I can’t imagine we’re going to discuss that at this point,” Owen Blicksilver, a spokesman for Colony Capital, told the Business Times. Read More →
Pacific Capital suspends dividend payments
UncategorizedSanta Barbara-based Pacific Capital Bancorp said June 22 it has suspended dividend payments on its stock and has deferred interest payments on $69.4 million in debt. The parent company of Santa Barbara Bank & Trust and four other banks on the Central Coast, Pacific Capital Bancorp said the moves would preserve about $8 million per Read More →
Glen Annie Golf Club says it will close
UncategorizedThe Glen Annie Golf Club said it plans to close July 6 after the Goleta City Council rejected a bid to build housing on the property that was designed to save the ailing course, which has lost as much as $1 million a year. “We have no other options, and sadly, we are forced to Read More →
Foreclosure stalls shopping center plan
UncategorizedThe company trying to redevelop Radio Square in Santa Barbara has said it likely will have to walk away from the project after facing a foreclosure on the property for allegedly failing to repay a $5.3 million loan. The foreclosure could signal a setback for a spot that has proved difficult to redevelop despite a Read More →
