Amgen launches $5B buyback
Banking & Finance, Latest news, Tri-County Public CompaniesAmgen said Nov. 7 that it plans to buy back $5 billion of its shares as part of a push to return profit to stockholders. Shares of the Thousand Oaks-based drugmaker jumped 4.5 percent in morning trading. Moody’s Investors Service and Fitch Ratings lowered their ratings on Amgen debt after the announcement because the biotech Read More →
Earnings roundup: Profits return for most area banks
Banking & Finance, Banking Industry, Latest newsBanks based in the Tri-Counties reported mostly healthier third-quarter earnings, led by the largest lender in the region, which now has a full year of profits under its belt after a recapilization deal and ownership change last year. Here’s a closer look at how tri-county banks performed in the third quarter: Pacific Capital Bancorp [wikichart Read More →
Deckers profits jump 48% on Ugg sales
Banking & Finance, Earnings, Latest news, Tri-County Public CompaniesDeckers Outdoor Corp. said profits jumped 48 percent in the third quarter after getting a big leg-up from Ugg brand sales. The Goleta-based shoe company increased its full-year outlook after the better-than-expected third quarter. Deckers company earned $62.3 million, or $1.59 per share as sales jumped 49.1 percent to $414.4 million in the third-quarter. Ugg Read More →
Op/ed: Flat rate would treat all taxpayers equally
Op/Eds, OpinionThe current income tax code punishes our economy, rewards special interests and makes the U.S. less competitive globally.
PCBC posts $20.5M profit year after recap deal
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesPacific Capital Bancorp, parent of Santa Barbara Bank & Trust, said Oct. 27 that it earned $20.5 million in the third quarter of 2011, marking its first full year of profits since a team of Texas bankers recapitalized it last year. In August 2010, Dallas-based Ford Financial Fund, led by veteran bankers Gerald Ford and Read More →
Nordman Cormany renegotiates Oxnard lease
Latest news, Law & Goverment, Real EstateNordman Cormany Hair & Compton is not moving out of the sleek, six-story glass building next to Highway 101 it has called home for years. The Oxnard law firm said Oct. 25 that it has renegotiated its lease at 1000 Town Center Drive. Earlier this year, as eight of its attorneys said they would leave Read More →
