Fitch upgrades SLO County general obligation bonds to AAA
By Staff Report / Friday, April 25th, 2014 / Banking & Finance, Central Coast, Tri-County Economy / Comments Off on Fitch upgrades SLO County general obligation bonds to AAA
Fitch Ratings has upgraded San Luis Obispo County’s general-obligation bonds to AAA, the highest grade it offers, from AA+.
Hyde Park Acquisition deal delay clouds Santa Maria Energy’s plans
By Stephen Nellis / Friday, April 25th, 2014 / Banking & Finance, Central Coast, Top Stories, Tri-County Economy, Tri-County Public Companies / Comments Off on Hyde Park Acquisition deal delay clouds Santa Maria Energy’s plans
Hyde Park’s investors spurned the Santa Maria Energy deal, at least for now. Sixty-seven percent voted to push the final vote on the merger back to April 30, signaling there were not enough votes to approve the deal outright.
Ryland revenues soar on higher home sales
By Staff Report / Thursday, April 24th, 2014 / Earnings, Real Estate, Top Stories, Tri-County Public Companies / Comments Off on Ryland revenues soar on higher home sales
First-quarter profits at homebuilder The Ryland Group climbed 6.4 percent to $23.5 million, or 42 cents per share, as it sold more houses and at higher prices.
Industrial segments fuel record Q1 profits at Teledyne
By Staff Report / Wednesday, April 23rd, 2014 / Banking & Finance, East Ventura County, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies / Comments Off on Industrial segments fuel record Q1 profits at Teledyne
Despite widespread defense cuts, industrial business drove record first-quarter sales and profits at Teledyne Technologies, prompting the Thousand Oaks-based industrial conglomerate to raise its full-year outlook.
Amgen shares slide on lackluster Q1 profits
By Staff Report / Tuesday, April 22nd, 2014 / Banking & Finance, Banking Industry, Top Stories, Tri-County Public Companies / Comments Off on Amgen shares slide on lackluster Q1 profits
Shares of Amgen fell nearly 3 percent in late trading on Tuesday following a weaker-than-expected first quarter earnings report from the world’s biggest biotech company.
Lawsuit alleges Montecito man sold stocks despite FINRA ban
By Stephen Nellis / Saturday, April 19th, 2014 / Banking & Finance, Personal Finance, South Coast, Top Stories, Tri-County Economy / Comments Off on Lawsuit alleges Montecito man sold stocks despite FINRA ban
A Montecito man is facing allegations that he sold money-losing stock to clients and gave them flawed financial advice despite being banned from brokering securities by industry regulators. A lawsuit filed in Santa Barbara County Superior Court on April 3 alleges that Elias Argyropoulos and his Coast Village Road company, Prima Capital Group, assured investor Read More →
SBAM parent to sell to TIAA-CREF
By Staff Report / Monday, April 14th, 2014 / Banking & Finance, Top Stories / Comments Off on SBAM parent to sell to TIAA-CREF
New York-based TIAA-CREF is buying Nuveen Investments, the debt-saddled parent company of Santa Barbara Asset Management, for $6.3 billion.
