Pacific Capital sweetens deal for debt holders
Latest newsDebt holders appear to be pushing back against Pacific Capital Bancorp, the parent of Santa Barbara Bank & Trust in the middle of a $500 million rescue deal that requires debt holders’ cooperation. Pacific Capital has more than doubled its cash offer on some of its outstanding debt and extended the deadline to accept to Read More →
Limoneira breaks even on 70 percent revenue gain
Latest newsLimoneira Co. reported mixed second-quarter results, as revenues jumped 70 percent but shareholders saw no profits. The Santa Paula-based citrus and avocado grower and real estate developer reported net income of $47,000 applicable to common shareholders after preferred dividends, and a $564,000 non-cash charge for the mark-to-market adjustment on its interest rate swaps. The company Read More →
Ventura's City Hall reaches out to business leaders
Latest newsThe détente between Ventura’s business community and City Hall continued on June 12, with the city’s second “Economic Summit” and the first meeting of the economic development roundtable dubbed the “Prosperity Council.” Close to 150 people attended the Saturday morning summit, which included sessions on four topics: “greening” the Ventura economy; enhancing the business climate; Read More →
Frontier launches Santa Barbara service
Latest newsMore than 50 political and civic leaders came out to Santa Barbara Airport on June 4 for the inaugural Frontier Airlines flight from Santa Barbara to Denver. The daily flights give United Airlines its first competition in decades for the nonstop Denver route. Frontier will make the trip with 99-seat Embraer jets, the Read More →
Kavli Prize winners announced in Oslo
Latest newsThe winners of the Kavli Prize in astrophysics, neuroscience and nanoscience were announced June 3 in Oslo, Norway, by the Oxnard-based Kavli Foundation and the Norwegian Academy of Science and Letters. Eight American and European scientists won the prizes, which come with an award of $1 million. The astrophysics winners were Jerry Nelson of UC Read More →
Headhunting starts over for Cal Poly
Latest newsAfter campus visits by the three finalists being considered for the post of new president of Cal Poly San Luis Obispo, CSU Chancellor Charles B. Reed has recommended that the process start over with a new pool of candidates, Cal Poly announced June 2. The CSU board of trustees has concurred with the chancellor’s recommendation, Read More →
Amgen gets FDA approval for Prolia
Latest newsThousand Oaks-based Amgen, the largest biotech company in the country and the tri-county region’s biggest private employer, announced June 1 that a major bone strength drug was approved by the U.S. Food and Drug Administration to treat osteoporosis in postmenopausal women. The approval is a breakthrough for Amgen, as analysts and investors have pinned their Read More →
