Insurance merger aids Hub International
The first major deal of 2010 will see two insurance heavyweights combine forces in the Tri-Counties. On Jan. 6, the Central Coast arm of Hub International Insurance acquired Ogilvy-Hill Insurance of Santa Barbara in a transaction that will net Hub millions in additional revenue, an office in Oxnard and 40 more employees. Full terms of Read More →
Breaking news: Former Santa Barbara mayor Harriet Miller dies
Former Santa Barbara Mayor Harriet Miller, a driving force behind the restoration of the Granada Theatre, has died. An educator and former executive director of AARP, Miller served on the Santa Barbara City Council beginning in 1987 and was mayor from 1995-2002. Media reports put her age at 90 years old. Feisty but with a Read More →
Breaking news: Santa Barbara firm sues Chinese government for $2.2B
A Santa Barbara-based software maker has sued the Chinese government and seven big computer manufacturers for $2.2 billion for conspiring to steal its code and distribute 56 million copies of a censoring program that contained the allegedly pilfered lines. Cybersitter, a company that makes software used by parents to block children’s access to inappropriate content, Read More →
Breaking news: PCBC to sell tax-refund loan division
Santa Barbara-based Pacific Capital Bancorp announced Dec. 24 that it is selling its controversial tax-refund loan program after federal regulators did not approve the bank to originate any refund-anticipation loans during 2010. Pacific Capital, the parent of Santa Barbara Bank & Trust and several other banking brands on the Central Coast, said it has signed Read More →
Longtime Santa Barbara builder passes away
Ugo Melchiori, Santa Barbara businessman and founder of Melchiori Construction Co., died Dec. 12. He was 69. Melchiori founded his company in 1988 after entering the construction industry in Santa Barbara in 1959. Now run by other members of the Melchiori family, Melchiori Construction is the largest general contractor in the Tri-Counties with $78.5 million Read More →
Clipper Windpower sells 49.5% stake to United Technologies
After suffering losses despite explosive revenue growth, Carpinteria-based wind turbine maker Clipper Windpower has sold 49.5 percent of the company to industrial giant United Technologies Corp. for $270 million. The transaction, announced Dec. 9, sets into motion a battle between U.S. industrial giants for the large wind turbine market. Clipper’s primary U.S. rival and the Read More →
Clipper Windpower sells 49.5% stake to United Technologies
After suffering losses despite explosive revenue growth, Carpinteria-based wind turbine maker Clipper Windpower has sold 49.5 percent of the company to industrial giant United Technologies Corp. for $270 million. The transaction, announced Dec. 9, sets into motion a battle between U.S. industrial giants for the large wind turbine market. Clipper’s primary U.S. rival and the Read More →
