D. Stephen Sorensen, who steered the fortunes of Santa Barbara-based Select Staffing through explosive growth, bankruptcy and a merger that closed on Feb. 9, has been terminated for cause.
Duke Energy, headquartered in Charlotte, North Carolina, purchased the controlling stake in the solar company and announced it would invest $225 million in solar project financing as part of the deal.
The Santa Barbara Botanical Gardens created its first endowed position and will renovate flora with the $15 million raised through its Seed the Future campaign.
The increase was primarily due to the inclusion of Mission Community Bancorp’s operating results, which boosted pre-tax net income in the company’s fourth quarter financials.
Amgen, the nation’s biggest biotech company, reported fourth-quarter profits that beat analysts’ estimates, aided by a tax benefit and higher-than-estimated sales of arthritis drug Enbrel.
