Camarillo blaze forces home evacuations; CSUCI class cancellations
Latest newsHundreds of homes in Ventura County are being evacuated after a massive brush fire ignited early Thursday morning near the 101 freeway in Camarillo. Fire authorities have ordered evacuations for neighborhoods in Camarillo and Newbury Park and nearby areas after the so-called Springs Fire erupted at around 6:30 a.m. on May 2 and quickly consumed Read More →
PennyMac prices IPO at $17 to $19
Banking & Finance, Banking Industry, Latest news, Personal FinanceMoorpark-based PennyMac Financial Services has priced its initial public offering of stock at $17 to $19 per share, indicating plans to raise as much as $211.1 million in its launch on the New York Stock Exchange. PennyMac, headed by former Countrywide Financial Corp. President Stanford Kurland, employs more than 600 people in Moorpark and more Read More →
K-Swiss sale to Korean firm closes
Banking & Finance, Latest news, Tri-County Public CompaniesE.Land World Limited of Korea closed its $170 million buyout of Westlake Village-based athletic shoe company K-Swiss on April 30, after shareholders of the footwear company overwhelmingly approved the merger. Under the terms of the sale, K-Swiss shareholders will receive $4.75 per share in cash, marking the high point of the company’s 52-week stock price Read More →
Deckers shares plummet as Q1 earnings drop 87%
Banking & Finance, Earnings, Latest news, Tri-County Public CompaniesShares of Goleta-based Deckers Outdoor Corp. plunged 8.6 percent on Friday as the Ugg boot parent reported first-quarter earnings were a fraction of what they had been a year earlier. Deckers said first-quarter profits were $1 million, or 3 cents per share, compared to $8 million, or 20 cents per share, a year earlier. The Read More →
Heritage Oaks’ Q1 profits jump as bank prepares to pay off TARP
Banking & Finance, Banking Industry, Latest news, Tri-County Public CompaniesHeritage Oaks Bancorp reported a $3.7 million first-quarter profit, up 131 percent over a year earlier, and said it is gearing up to repay $25 million in bailout funds it took at the height of the recession. The repayment comes with the announcement that two sets of banking regulators have lifted an order over the Read More →
Marian becomes Level III Trauma Center
Health Care & Life Science, Latest newsMarian Regional Medical Center in Santa Maria has officially become a Level III Trauma Center, enabling the hospital to take in seriously injured and emergency patients. The county of Santa Barbara’s Emergency Medical Services Agency designated Marian as a trauma center on April 26, a month after a team of surveyors conducted an on-site evaluation Read More →
Goleta Entrepreneurial Magnet hires executive director
Latest news, TechnologyA public-private initiative to lure more tech businesses to Goleta has hired its first executive director. The Goleta Entrepreneurial Magnet, or GEM, appointed Doug Lynch to lead the group, which is a collaboration between the city of Goleta, the Goleta Valley Chamber of Commerce and UC Santa Barbara designed to create and maintain a tech Read More →
