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By Staff Report / Wednesday, November 16th, 2011 / Latest news, Technology / Comments Off on Cox kills wireless service
Barely a month after rolling out 3G wireless phone service in Santa Barbara, Cox Communications cut off the offering effective today. Faster competitors and a lack of the iPhone doomed the plan, the company said. A local spokeswoman said that though the rollout in Santa Barbara was going well, a nationwide order to halt the Read More →
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By Staff Report / Thursday, November 10th, 2011 / Latest news / Comments Off on Former telecom mogul dies at 52
Chris Edgecomb, co-founder and CEO of Star Telecom, once one of Santa Barbara’s largest public companies, died Nov. 7. He was 52. Star Telecom was among the nation’s largest telecommunications companies. Edgecomb led the firm’s spectacular rise from $67 million in revenue in 1995 to more than $1 billion in 1999 — before it crashed Read More →
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By Staff Report / Monday, November 7th, 2011 / Banking & Finance, Latest news, Tri-County Public Companies / Comments Off on Amgen launches $5B buyback
Amgen 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 →
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By Staff Report / Friday, November 4th, 2011 / Banking & Finance, Banking Industry, Latest news / Comments Off on Earnings roundup: Profits return for most area banks
Banks 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 →
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By Stephen Nellis / Monday, October 31st, 2011 / Latest news, Technology / 1 Comment
New Noise Santa Barbara, a digital music conference featuring industry panels and 50 bands in three days, is gearing up for its third year. New Noise will happen from Nov. 3-5 and is the smaller West Coast analogue to South by Southwest, the massive festival held every year in Austin, Tex. that brings together technology Read More →
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By Tom Bronzini / Friday, October 28th, 2011 / Latest news / Comments Off on Ventura County CEO outlines savings
Ventura County Chief Executive Officer Michael Powers told a community audience at CSU Channel Islands on Friday that the county has saved about $8 million over three years by applying business and economic principles in support of critical public services. Those savings have enabled the county to direct needed resources to the Sheriff’s Department, District Read More →
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By Staff Report / Friday, October 28th, 2011 / Banking & Finance, Earnings, Latest news, Tri-County Public Companies / Comments Off on Deckers profits jump 48% on Ugg sales
Deckers 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 →
