K-Swiss buys actions-sports firm
Latest newsAthletic shoe company K-Swiss said July 29 that it had acquired Laguna Beach-based mixed martial arts brand Form Athletics for an undisclosed amount, bringing the company’s founder on board to lead the Westlake Village-based firm’s push into the youth products market. K-Swiss has been working to modernize its brand, which is still largely known for Read More →
Earnings Snapshot: Amgen profits dip, Occam losses narrow, Teledyne income rises
Latest newsBiotech giant Amgen reported a 5 percent dip in second-quarter earnings despite slightly better revenues on July 29. The Thousand Oaks-based company earned $1.2 billion, or $1.25 per share, compared with $1.3 billion, or $1.25 for the same quarter in 2009. It blamed the loss in profitability on higher taxes. Revenue edged up to $3.8 Read More →
Los Padres Bank parent given order to raise capital by July 31
Latest newsUnder a new order from federal regulators, Solvang-based Harrington West Financial Group, parent company of Los Padres Bank, has until the end of the week to boost its capital levels or have the U.S. Office of Thrift Supervision step in. The OTS put Los Padres under what’s called a “prompt corrective action,” or PCA — Read More →
Delta to stop Santa Barbara to Salt Lake City flights
Latest newsDelta Airlines announced July 28 that it will cancel its twice-daily flights between Santa Barbara and Salt Lake City. It’s the latest in a string of bad news for Santa Barbara’s frequent fliers. SkyWest’s direct service to San Jose was recently canceled and Horizon plans to ends its flights to Sacramento. In every case, the Read More →
TARP deal good enough for Ford
Latest news[Editor’s note: This story has been updated from an earlier version on July 27.] Pacific Capital Bancorp, the struggling parent of Santa Barbara Bank & Trust, reported a $61 million second-quarter loss on July 27 and said that with the U.S. Treasury agreeing to wipe out $180.6 million in TARP debt in exchange for equity, Read More →
Updated: Pacific Capital posts $61M loss, gets Treasury cooperation in Ford deal
Latest newsPacific Capital Bancorp, the struggling parent of Santa Barbara Bank & Trust, on July 27 reported a $61 million second-quarter loss and said that with the U.S. Treasury agreeing to wipe out $180.6 million in TARP debt in exchange for equity, it now expects to complete a $500 million acquisition by Texas-based Ford Financial Read More →
AML snags $3.7M contract
Latest newsCamarillo-based defense manufacturer AML Communications said July 20 that it received a $3.7 million order for integrated microwave assemblies to be deployed in unmanned aerial vehicles, or UAVs, from a first-tier defense contractor. Are you a subscriber? If not, sign up today for a four-week FREE trial or subscribe and receive the Book of Lists Read More →
