PacWest to buy First California for $231M
Los Angeles-based PacWest Bancorp is buying First California Financial Group for $231 million in an all-stock deal. At $8 per share, PacWest’s price represents an 18.5 percent premium over First California’s share price at the close on Nov. 6. The deal also comes after months of tense negotiations between the rival banks. PacWest offered $7.25 Read More →
Rollins: South Coast a fertile field for cloud computing
Cloud computing companies are remaking the technology landscape of the Tri-Counties and creating a “fertile” environment for entrepreneurs and computer scientists. That was the message serial entrepreneur and investor Woody Rollins brought to about 150 area executives on Nov. 6 as California Lutheran University hosted the first Santa Barbara version of its successful Corporate Leaders Read More →
Mindbody investment tops $60M
San Luis Obispo-based Mindbody raised $35 million in a new venture capital round on Nov. 1, bringing its total raised to date to more than $60 million. The company makes online software for the owners of health and wellness businesses such as yoga studios and fitness centers. After compiling what it says is the largest Read More →
Ventura visitor’s bureau names new executive director
After several months of searching for a new executive director, the Ventura Visitors and Convention Bureau named Marlyss Auster to the top post. Auster replaces Brian Pendleton, who has been the bureau’s interim director since the beginning of October. The search for a new executive director began in July, when longtime director Jim Luttjohann resigned Read More →
Santa Barbara CPA convicted on tax charges
Santa Barbara accountant Steve Pybrum faces up to 12 years in prison and $1 million in fines after a jury returned a guilty verdict on federal charges that he routed money from his practice through a nonprofit and underreported his income by more than $1 million. The jury deliberated less than three hours before returning Read More →
The debt busters: Bowles, Simpson to speak at UCSB
When it comes to the future of the United States, whoever wins the presidency and takes control of Congress on Nov. 6 are far less important than what those winners choose to do about the nation’s long-term fiscal trajectory when they arrive in office. The nation’s debt load has reached $16 trillion, swollen by two unfunded Read More →
Ugg maker shears outlook after plunging Q3 profits
[wikichart align=”center” ticker=”DECK” showannotations=”true” livequote=”true” rollingdate=”1 year” width=”390″ height=”245″] Ugg boot company Deckers Outdoor Corp.’s shares plunged 14.7 percent in after-hours trading on Oct. 25 as the footwear firm’s sales slipped and it said 2012 profits are expected to be down one-third compared to last year. Deckers, currently building a new, campus-style headquarters in Goleta, Read More →
