November 27, 2024

		


| Wednesday, February 1st, 2012

Level to break ground on new HQ

Latest news, Technology, Tri-County Economy

Level Studios, a San Luis Obispo-based digital marketing and branding firm, said it plans to break ground Feb. 3 on a new 46,000-square-foot, two-story building on the Central Coast that will house up to 300 employees in the next two years. The new facility will be built in the East Airport Commerce Park in San Read More →

| Wednesday, February 1st, 2012

Amid losses, Community West hit with regulatory order

Banking & Finance, Banking Industry, Earnings, Top Stories, Tri-County Public Companies

[wikichart align=”center” ticker=”CWBC” showannotations=”true” livequote=”true” rollingdate=”6 months” width=”390″ height=”245″] The parent company of Goleta-based Community West Bank has reported an $8.6 million loss for the fourth quarter and disclosed a consent order from banking regulators. Community West Bancshares said Feb. 1 that its fourth-quarter performance was impacted by a $6.7 million allowance against deferred taxes Read More →

| Wednesday, February 1st, 2012

Inphi taps new CEO after profits fall 93%

Latest news, Technology, Tri-County Public Companies

Inphi Corp., the Santa Clara-based chip firm with a large engineering force in Thousand Oaks, ousted its CEO on Feb. 1 as it announced that profits plummeted by 93 percent in 2011. Inphi designs chips aimed at packing more memory into Internet servers and increasing bandwidth in the Internet backbone. The company announced that Ford Read More →

| Wednesday, February 1st, 2012

InTouch scores $6M investment

Latest news, Technology

Goleta-based InTouch Health, a telemedicine robot maker, has received an investment of $6 million from iRobot. InTouch’s telemedicine robots allow doctors to examine patients and prescribe drugs remotely. The company, which has signaled that it intends to go public, received its last round of funding in a $10 million private placement in 2010. In July, Read More →

| Monday, January 30th, 2012

PCBC reports $70.5M in 2011 profits

Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies

[wikichart align=”center” ticker=”PCBC” showannotations=”true” livequote=”true” rollingdate=”6 months” width=”390″ height=”245″] Pacific Capital Bancorp, the largest bank based in the region, earned $70.5 million in 2011, its first full calendar year under the ownership of a Texas-based private equity group. The parent company of Santa Barbara Bank & Trust saw its fourth-quarter profits drop 39.8 percent to Read More →

| Monday, January 30th, 2012

Kavli Institute receives $2.5M grant

Latest news

The Simons Foundation granted $2.5 million to UC Santa Barbara’s Kavli Institute for Theoretical Physics to support the work of visiting scientists. Hundreds of theoretical physicists visit the Kavli Institute to meet with other experts and partake in conferences every year. The Simons Distinguished Visiting Scientist program will work by providing finances to the researchers’ Read More →

| Friday, January 27th, 2012

Op/ed: Cyber crimes and data breaches are not just the problems of big companies

Op/Eds, Opinion

Small-business owners are facing a growing number of hurdles in protecting their companies from cyber attacks.