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Montecito Bank & Trust
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Cost cutting, new drugs boost Amgen shares

By   /  Monday, October 27th, 2014  /  Earnings, East Ventura County, Latest news, Tri-County Public Companies  /  Comments Off on Cost cutting, new drugs boost Amgen shares

[wikichart align=”right” ticker=”NASDAQ:AMGN” showannotations=”true” livequote=”true” startdate=”27-04-2014″ enddate=”27-10-2014″ width=”300″ height=”245″] Cost cutting moves and new drugs are starting to pay off for Amgen Inc., as the biotech giant raised earnings guidance after a stronger-than-expected third quarter. The company said Oct. 27 that strong demand for its white blood cell booster, Neulasta, and increased sales of newer Read More →

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Nasdaq delisting in sight for Ceres

By   /  Friday, October 24th, 2014  /  Agribusiness, East Ventura County, Tri-County Public Companies  /  Comments Off on Nasdaq delisting in sight for Ceres

Ceres, Inc., an agricultural biotechnology company that sells seeds for producing renewable bioenergy feedstocks, is delisting from the Nasdaq after the company continued to fail to meet the minimum bid price requirement of $1.00. The company was notified on April 28, that it no longer met the criteria for listing and in anticipation of not Read More →

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Ryland shares gain on housing market performance

By   /  Friday, October 24th, 2014  /  Earnings, East Ventura County, Tri-County Public Companies  /  Comments Off on Ryland shares gain on housing market performance

[wikichart align=”right” ticker=”NYSE:RYL” showannotations=”true” livequote=”true” startdate=”24-04-2014″ enddate=”24-10-2014″ width=”300″ height=”245″] Based in part on a 7.2 percent increase in third-quarter orders for new units, Westlake Village-based national homebuilder Ryland Group was trading higher Thursday after projected earnings beat Wall Street analyst expectations. Shares of Ryland Group closed at $35.78 on Oct. 23. The company reported a Read More →

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Deckers shares stumble as shopping season takes off

By   /  Friday, October 24th, 2014  /  Earnings, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Deckers shares stumble as shopping season takes off

The Goleta-based owner of Ugg, Teva, Simple, Sanuk and other popular footwear brands is a bit of a bellwether for holiday shopping and the overall retail climate.

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Ojai Community Bank opens South Coast outpost

By   /  Thursday, October 23rd, 2014  /  Banking & Finance, Banking Industry, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Ojai Community Bank opens South Coast outpost

Santa Barbara’s newest banking office, Santa Barbara Community Bank, opened its doors quietly on Oct. 22.

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Munger gives UCSB $20.7M

By   /  Wednesday, October 22nd, 2014  /  Banking & Finance, Latest news, South Coast, Top Stories, Tri-County Economy  /  1 Comment

Berkshire Hathaway Vice Chairman Charles Munger, a frequent South Coast visitor whose grandson studied at UC Santa Barbara has donated $20.7 million in stock to the university.

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Lucia aquires West Coast Asset Management office, key staff

By   /  Friday, October 17th, 2014  /  Banking & Finance, Latest news, Personal Finance, Top Stories  /  Comments Off on Lucia aquires West Coast Asset Management office, key staff

West Coast Asset Management, the alternative investment firm founded by Paul Orfalea and family member Lance Helfert, is merging with a San Diego-based money manager.