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Montecito Bank & Trust
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Teledyne tops $2B as commercial play pays off

By   /  Friday, February 1st, 2013  /  Banking & Finance, Earnings, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Teledyne tops $2B as commercial play pays off

The cloud and the ocean have helped push Teledyne Technologies past the $2 billion mark. The Thousand Oaks-based industrial and defense conglomerate said Jan. 24 that its 2012 sales hit a record-busting $2.1 billion, up more than 9 percent from $1.9 billion a year before. Net income also set a record at $161.8 million, compared Read More →

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Korean firm pays $170M to get toehold in U.S. with K-Swiss

By   /  Friday, January 25th, 2013  /  Banking & Finance, Top Stories, Tri-County Public Companies  /  Comments Off on Korean firm pays $170M to get toehold in U.S. with K-Swiss

After 47 years, the K-Swiss brand might be taking its first steps into the sunset. Westlake Village-based K-Swiss said Jan. 17 that it has agreed to a $170 million buyout by South Korean fashion and retail conglomerate E-Land World Limited. The sale comes after K-Swiss, the maker of the iconic white footwear that was the Read More →

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Rising volume, lower fees mark onset of Obamacare

By   /  Friday, January 25th, 2013  /  Banking & Finance, Top Stories  /  Comments Off on Rising volume, lower fees mark onset of Obamacare

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Ceres develops drought-resistant gene

By   /  Friday, January 18th, 2013  /  Agribusiness, Banking & Finance, Features, Technology, Tri-County Public Companies  /  Comments Off on Ceres develops drought-resistant gene

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K-Swiss agrees to $170M buyout by Korean firm

By   /  Thursday, January 17th, 2013  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on K-Swiss agrees to $170M buyout by Korean firm

Shares of Westlake Village-based footwear firm K-Swiss soared 48 percent on the morning of Jan. 17 after the company agreed to a $170 million buyout. E.Land World Ltd. of South Korea offered to pay $4.75 per share for K-Swiss, which has struggled with huge losses in recent years as sales of its iconic white tennis Read More →

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Lynda.com raises $103M

By   /  Wednesday, January 16th, 2013  /  Banking & Finance, Latest news, Technology  /  1 Comment

In a move that could change online education, Carpinteria-based lynda.com has raised $103 milllion from a group of investors, marking the first time the company has taken outside funding in its 17-year history. Lynda.com, one of the fastest-growing firms in the Tri-Counties, employs about 400 people and generated $100 million in revenue in 2012. It Read More →

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Limoneira predicts sales gains after profits dip

By   /  Monday, January 14th, 2013  /  Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Limoneira predicts sales gains after profits dip

Santa Paula-based Limoneira Co. said fourth-quarter revenue jumped sharply but that it experienced a decline in profit because of expenses for Sheldon Ranch, a new 1,000-acre lemon and citrus leasehold that is expected to be profitable in 2013. The company said it expects strong results from those lemon and citrus in 2013, when it also Read More →