Maldonado's farm pays tax bill
The Santa Maria family farm owned by Lt. Gov. Abel Maldonado settled its dispute with the International Revenue Service by paying $111,146 in back taxes on July 26, the Los Angeles Times reported. The IRS had placed a lien in that amount on Agro-Jal Enterprises in April, an action that was first revealed in a Read More →
Port of Hueneme budget passsed
The Oxnard Harbor District board has approved the Port of Hueneme’s new budget for the 2010-11 fiscal year, one that reflects “the continued impact of the sluggish global economy,” according to a district news release. The Harbor District’s operating revenues are projected to be $10.4 million, an increase of about 3.3 percent from the last Read More →
Cal Poly won't offer Santa Barbara MBA
Editor’s note: This story was updated July 30 at 3:53 p.m. with comments from CSU and CSUCI representatives. Cal Poly San Luis Obispo has abandoned its plans for a master’s of business administration program in Santa Barbara, university officials said July 30. The move came at the request of the office of California State University Read More →
UCSB breaks research funding record
UC Santa Barbara brought in $222 million in external research funding during its last fiscal year, topping all of its old totals. The university called the record-breaking sum “directly attributable to the federal stimulus program.” The money came from federal and state agencies, corporations and nonprofits. It represents a 28 percent increase from the year Read More →
K-Swiss buys actions-sports firm
Athletic shoe company K-Swiss said July 29 that it had acquired Laguna Beach-based mixed martial arts brand Form Athletics for an undisclosed amount, bringing the company’s founder on board to lead the Westlake Village-based firm’s push into the youth products market. K-Swiss has been working to modernize its brand, which is still largely known for Read More →
Earnings Snapshot: Amgen profits dip, Occam losses narrow, Teledyne income rises
Biotech giant Amgen reported a 5 percent dip in second-quarter earnings despite slightly better revenues on July 29. The Thousand Oaks-based company earned $1.2 billion, or $1.25 per share, compared with $1.3 billion, or $1.25 for the same quarter in 2009. It blamed the loss in profitability on higher taxes. Revenue edged up to $3.8 Read More →
Los Padres Bank parent given order to raise capital by July 31
Under a new order from federal regulators, Solvang-based Harrington West Financial Group, parent company of Los Padres Bank, has until the end of the week to boost its capital levels or have the U.S. Office of Thrift Supervision step in. The OTS put Los Padres under what’s called a “prompt corrective action,” or PCA — Read More →
