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 →
101 One Hundred & Business Hall of Fame announced
Features, Technology, Tri-County Public CompaniesThe Business Times is pleased to announce our 2013 class of 101 One Hundred & Business Hall of Fame honorees. This annual special section published with the April 19 print edition. An evening awards reception for the honorees will be held on Tuesday, May 14 at the Four Seasons Resort The Biltmore Santa Barbara. [Buy Read More →
Power-One to be acquired by Swiss firm for $1B
Banking & Finance, Technology, Tri-County Public CompaniesCamarillo-based Power-One, a maker of inverters for solar power systems, is set to be acquired by Swiss industrial group ABB for $6.35 per share in a deal valued at about $1 billion. The deal bookends Power-One’s mid-2000s turnaround strategy. After struggling as a maker of computer power supplies, in 2006 Power-One bought an Italian inverter Read More →
