Shares of Westlake Village-based homebuilder Ryland Group soared more than $2.20 or 5 percent to more than $45 per share after the company announced a merger with rival Standard Pacific of Irvine. Though billed as a “merger of equals,” the roughly $5.2 billion deal would give Standard Pacific shareholders the majority of shares in the Read More →
Plains All American Pipeline, the company responsible for spilling thousands of gallons of crude oil on the Gaviota Coast, said Friday it has spent more than $60 million on clean up efforts to date. There is no timeline on how long it will take to call the response complete, but the most recent update from Read More →
Goleta-based Community West Bancshares, parent company of Community West Bank, today announced that it has reached a settlement with Residential Funding Company. The June 8 settlement resolves the litigation between the two financial firms concerning residential mortgage loans sold to RFC. Under the settlement, Community West Bank has agreed to pay RFC $7.5 million, which Read More →
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When it comes to oil and politics, the conventional wisdom has been that Central Coast politicians can’t overplay their hands in expressing outrage over environmental issues. That conventional wisdom is about to get a major test. Already a parade of elected officials has toured the damage wrought by the May 19 oil spill that made Read More →
You might call it the Mindbody-Appfolio effect. The pair of $100 million-plus initial public stock offerings filed last month has caught the attention of dealmakers from the Bay Area to Los Angeles. Add to that the stunning, $1.4 billion sale of Lynda.com to Linkedin and you have the most buzz in the region since the Read More →
