Minority group opposes PCBC-Union deal
The San Francisco African American Chamber of Commerce has told banking regulators that it opposes Union Bank’s $1.5 billion acquisition of Santa Barbara-based Pacific Capital Bancorp, according to the business newspaper for that region. The San Francisco Business Times reports that the chamber has told regulators it opposed the deal because it feels San Francisco-based Read More →
Capps calls for wind energy support
The Central Coast’s fledgling wind energy business could be in big trouble if production tax incentives are allowed to expire at the end of the year. United Technologies is trying to sell or shut Clipper Windpower, once a shining star of the wind turbine business and the region’s fastest growing company. On May 15, wind Read More →
NSF gives $3.3M to UCSB, University of Texas
The National Science Foundation has given $3.3 million to UC Santa Barbara and The University of Texas at El Paso to establish a materials science and engineering program that will focus on solar energy research. The grant forges a partnership between The University of Texas and UCSB’s Materials Research Laboratory, according to a news release Read More →
Williams: Green jobs key to Central Coast economy
The Central Coast has the potential to be a green-jobs leader, but the public sector must provide supportive policies. That was the view from 35th District Assembly Member Das Williams, D-Santa Barbara, who hosted the second annual Green Jobs Summit at Ventura City Hall on May 19. Government needs to “send the right signals,” he Read More →
CKE to go public again in $100M offering
Less than two years after a $1 billion buyout by Apollo Management, CKE Restaurants, the Carpinteria-based parent of burger chains Carl’s Jr. and Hardees, is preparing to go public again in a $100 million offering. The company said in a brief statement on May 17 that it had filed regulatory papers with the U.S. Securities Read More →
Yardi adds 200 employees with purchase of billing company
Yardi Systems said May 17 that it purchased Ista North America’s Multifamily Services Group, a business that provides utility billing services for owners and managers of apartment complexes. The deal brings 200 employees into Yardi’s fold. Goleta-based Yardi makes property management software for apartment complexes. With about 350 employees, it’s one of the largest private Read More →
