PCBC reports $70.5M in 2011 profits
[wikichart align=”center” ticker=”PCBC” showannotations=”true” livequote=”true” rollingdate=”6 months” width=”390″ height=”245″] Pacific Capital Bancorp, the largest bank based in the region, earned $70.5 million in 2011, its first full calendar year under the ownership of a Texas-based private equity group. The parent company of Santa Barbara Bank & Trust saw its fourth-quarter profits drop 39.8 percent to Read More →
VC taxpayers tackle public pensions
Ventura County CEO Mike Powers told a taxpayer group that Ventura’s pension system reforms have spurred similar actions around the state. But he faced tough questions from the group about retired public safety officers with six-figure pensions and the 22 officials who are bringing in more than $200,000 a year in retirement. Powers spoke at Read More →
SLO law firm to change name
San Luis Obispo County’s second-largest law firm is changing names as one of its partners departs. On Feb. 1, Sinsheimer Juhnke Lebens & McIvor will become Sinsheimer Juhnke McIvor & Stroh. Before the change, the firm ranked ninth-largest in the Tri-Counties with 12 attorneys and the second-largest in San Luis Obispo County. Its website now Read More →
Ceres to debut at $21 to $23 per share
Thousand Oaks-based energy crop developer Ceres has plans to make its debut on the Nasdaq on Feb. 8 under the symbol CERE and raise $132 million. Shares in the company, which uses genetic marking technology to speed the development of non-food energy crops such as drought-resistant switchgrass, are expected hit the markets at between $21 Read More →
Amgen Q4 earnings drop 8.5%
[wikichart align=”right” ticker=”NASDAQ:AMGN” showannotations=”true” livequote=”true” startdate=”26-07-2011″ enddate=”26-01-2012″ width=”300″ height=”245″] Biotech giant Amgen, which said earlier on Thursday that it would pay $1.2 billion for leukemia drugmaker Micromet, reported fourth-quarter earnings that missed analyst expectations. The Thousand Oaks-based company said fourth-quarter profits fell 8.5 percent to $934 million, or $1.08 per share, on lower sales of Read More →
Kaiser grants Ventura group $1M to fight obesity
Kaiser Permanente has granted $1 million to a Ventura County health care group to promote healthy eating and active living in the community. Advocates for a Lifestyle of Exercise and Nutrition West Ventura, an alliance of health-focused community groups, is one of six Southern California groups set to receive the grant. The investment is part Read More →
