Murdock completes buyout of Dole Food Co.
Banking & Finance, East Ventura County, Latest news, Tri-County Public CompaniesDole Food Co. CEO and Chairman David Murdock has completed a buyout of the company, a deal that takes the Westlake Village-based produce giant private and values it at $1.6 billion.
The merger was approved by shareholders on Oct. 31, the company said. Dole shares will cease trading on the New York Stock Exchange at the close of business on Nov. 1.
Santa Barbara flights restarted after LAX shooting
South CoastUPDATE: Santa Barbara Airport officials said United Airlines flights connecting through Los Angeles International Airport were no longer grounded as of 2 p.m. on Nov. 1. However, they still asked passengers to contact their airlines for questions about disruptions. Earlier Story: All United Airlines flights between the Santa Barbara Airport and Los Angeles International Airport Read More →
Energy efficiency firms snag $5M
Latest news, TechnologyThe U.S. Department of Energy has awarded $5 million to semiconductor and lighting companies in the region.
UC Santa Barbara, Buellton-based SixPoint Materials and Soraa were the recipients of money from the department.
Mindbody breaks ground on $20M campus in SLO tech corridor
Central Coast, Latest news, Real Estate, Technology, Top StoriesSan Luis Obispo is set to get its flagship high-tech campus as software company MindBody CEO Rick Stollmeyer and local officials broke ground Oct. 29 on a $20 million project including a new office building, four-story parking structure and promenade that will link with an existing facility, eventually boosting employment to 1,300 people.
Ryland’s Q3 profits jump 415% on higher home sales
Banking & Finance, Earnings, Latest news, Real Estate, Tri-County Public CompaniesWestlake Village-based Ryland Group made a roaring comeback in the third quarter, with profits up 415 percent to $53.6 million. The parent company of national homebuilder Ryland Homes said revenue rose 60.7 percent to $576.4 million on higher sales as the housing market continued to rebound.
Deckers steps up sales
Banking & Finance, Earnings, Latest news, Tri-County Public CompaniesShares of Goleta-based Deckers Outdoor Corp. jumped 14 percent in after-hours trading as the owner of Ugg, Teva and other casual footwear brands beat Wall Street expectations and said the rest of the year is on track.
Deckers said its acquisition of Hoka One One helped boost third-quarter sales 3 percent to $386.7 million; sales of its flagship Ugg brand gained 1.3 percent. The company, which is building a new headquarters on Hollister Avenue, said a new web site and more retail stores also helped.
