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Mindbody investment tops $60M

By   /  Thursday, November 1st, 2012  /  Banking & Finance, Central Coast, Latest news  /  Comments Off on 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 →

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Ventura visitor’s bureau names new executive director

By   /  Friday, October 26th, 2012  /  Latest news  /  Comments Off on 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 →

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Santa Barbara CPA convicted on tax charges

By   /  Friday, October 26th, 2012  /  Latest news  /  Comments Off on 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 →

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The debt busters: Bowles, Simpson to speak at UCSB

By   /  Friday, October 26th, 2012  /  Latest news, Tri-County Economy  /  Comments Off on 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 →

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Ugg maker shears outlook after plunging Q3 profits

By   /  Thursday, October 25th, 2012  /  Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on 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 →

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Pacific Capital’s third quarter profits up 62%

By   /  Wednesday, October 24th, 2012  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Pacific Capital’s third quarter profits up 62%

Santa Barbara Bank & Trust parent Pacific Capital said third-quarter earnings were up 62.2 percent to $33.2 million, or $1.01 per diluted share. The higher profits come on the eve of the sale of the region’s largest banking franchise to San Francisco-based Union Bank, a deal expected to close in the fourth quarter. Pacific Capital Read More →

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Amgen’s profits jump as forecast brightens

By   /  Tuesday, October 23rd, 2012  /  Banking & Finance, Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Amgen’s profits jump as forecast brightens

Amgen reported higher-than-expected earnings on Oct. 23 and raised its outlook for the rest of the year. Amgen’s earnings are regionally significant because the Thousand Oaks biotech firm is Ventura County’s largest private sector employer. The company turned in adjusted third-quarter earnings of $1.67 a share, topping the Wall Street estimate of $1.47 by a Read More →