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Montecito Bank & Trust
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Amgen hires former 3M exec as CFO

By   /  Monday, June 9th, 2014  /  Banking & Finance, East Ventura County, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Amgen hires former 3M exec as CFO

Amgen has hired David Meline, formerly with industrial conglomerate 3M Co., as its new chief financial officer. At 3M, Meline was responsible for the finances of a Minnesota-based company with more than $30 billion in worldwide revenues. Amgen, the world’s largest biotechnology firm, had profits of $5 billion in 2013, a 17 percent increase from Read More →

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Resonant taps $16.2M for Skyworks deal

By   /  Friday, June 6th, 2014  /  Latest news, South Coast, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Resonant taps $16.2M for Skyworks deal

Santa Barbara-based semiconductor firm Resonant, which has a key development deal with a major supplier to the mobile phone industry, has raised $16.2 million in an initial public offering.

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Amgen to cut 70 jobs

By   /  Thursday, June 5th, 2014  /  East Ventura County, Health Care & Life Science, Latest news, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  2 Comments

Thousand Oaks-based Amgen plans to lay off 70 people, primarily in its information systems department at its headquarters.

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Calavo shares rally on record Q2 profits

By   /  Monday, June 2nd, 2014  /  Agribusiness, Banking & Finance, East Ventura County, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Calavo shares rally on record Q2 profits

Shares of produce marketer Calavo Growers surged more than 7 percent in midday trading on Monday as the firm’s second-quarter profits surged 205 percent to $6.7 million, setting a quarterly earnings record.

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QAD shares soar on narrower Q1 loss

By   /  Friday, May 30th, 2014  /  Banking & Finance, South Coast, Technology, Tri-County Public Companies  /  Comments Off on QAD shares soar on narrower Q1 loss

Shares of software firm QAD shot up almost 7 percent in midday trading on Friday after the company reported a smaller first-quarter loss. Santa Barbara-based QAD posted a quarterly loss of $76,000, or 1 cent per Class A share and break-even for Class B shares, compared to a loss of $1.3 million a year earlier. Read More →

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Resonant IPO raises $16.2M to fuel Skyworks deal

By   /  Thursday, May 29th, 2014  /  South Coast, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Resonant IPO raises $16.2M to fuel Skyworks deal

Shares of Santa Barbara-based semiconductor firm Resonant, which has a key development deal with a major supplier to Apple, were up 50 percent in the first day after it raised $16.2 million in an initial public offering.

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City National hires set stage for South Coast expansion

By   /  Tuesday, May 20th, 2014  /  Banking & Finance, Banking Industry, East Ventura County, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on City National hires set stage for South Coast expansion

City National Bank has hired a team of prominent South Coast private bankers as it gets ready to launch an expansion into Santa Barbara County. The Los Angeles-based bank, one of the largest based in California, said Tuesday that it has hired Leo Hamill, Susan Rogers, Annamarie Cole, Amber Ortiz and Roy Martinez. All are Read More →