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Montecito Bank & Trust
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Gorell, Newsom team to recruit firms to Golden state

By   /  Monday, July 23rd, 2012  /  Latest news, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Gorell, Newsom team to recruit firms to Golden state

Looking to counter raiding expeditions by high-profile elected officials from outside the state, California is about to embark on a recruiting effort of its own. At a meeting expected to take place Friday in Thousand Oaks, Lt. Gov. Gavin Newsom and Assemblymember Jeff Gorell, a Republican from the 37th District, are expected to announce a Read More →

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Dole profits slip, spin off looms

By   /  Thursday, July 19th, 2012  /  Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Dole profits slip, spin off looms

Fruit and produce distributor Dole Foods Co. earned $66 million, or 74 cents per share, in its second quarter and said that a proposed spin off of its packaged foods business could happen by year’s end. The earnings announced on July 19 were down from $83 million, or 94 cents per share, in the second Read More →

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Whistleblower makes DaVita cough up $55M

By   /  Friday, July 13th, 2012  /  Top Stories, Tri-County Public Companies  /  Comments Off on Whistleblower makes DaVita cough up $55M

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Xirrus funding nears $80M mark

By   /  Tuesday, July 10th, 2012  /  Banking & Finance, Latest news, Technology  /  Comments Off on Xirrus funding nears $80M mark

Thousand Oaks-based Xirrus has raised $18.4 million in venture capital, bringing its total funding to date to nearly $80 million. Founded in 2004, Xirrus makes high-powered wi-fi equipment designed to be robust enough to replace wired networks in places like colleges and corporate office buildings. The most recent $18.4 million was part of a $25.3 Read More →

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$135M could have Sonos singing different tune

By   /  Friday, June 29th, 2012  /  Banking & Finance, Technology, Top Stories  /  Comments Off on $135M could have Sonos singing different tune

Santa Barbara-based wireless music gear maker Sonos has raised $135 million in new capital, the largest funding deal in the Tri-Counties so far this year and possibly a substitute for an initial public offering. Kohlberg Kravis Roberts, a private equity firm, led the funding round and was joined by Redpoint Ventures and investors associated with Read More →

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Limoneira predicts bumper crop

By   /  Tuesday, June 26th, 2012  /  Agribusiness, Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on Limoneira predicts bumper crop

The 2012 season holds the promise of record or near-record crops for citrus and avocado growers in the Tri-Counties. That’s the view from the mid-year update from Limoneira Co., one of the region’s largest producers. Limoneira CEO Harold Edwards said in Santa Paula on June 26 that the company’s expanded lemon operations mean that it Read More →

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Qualstar brass has early edge in proxy fight

By   /  Friday, June 22nd, 2012  /  Banking & Finance, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Qualstar brass has early edge in proxy fight

Gold or white? Shareholders in Simi Valley-based tech firm Qualstar Corp. grappled with that question on June 20 as a Florida investor group waged an acrimonious proxy fight. The dissidents, who issued the gold cards, wanted to remove the entire Qualstar board in hopes of shaking loose the cash on its books and reducing executive Read More →