By Stephen Nellis / Friday, August 3rd, 2012 / Technology, Top Stories / Comments Off on Raytheon ramps up Vision Systems work force in Goleta
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[Editor’s note: See correction appended below.] Santa Barbara hotelier Patrick Nesbitt has placed a portfolio of eight Embassy Suites hotels into Chapter 11 bankruptcy, listing at least $100 million in debts. The bankruptcy filing, which gives Nesbitt’s companies protection from creditors while they restructure their debts, arises from a dispute with a lender over a Read More →
By Julian Moore, Special to the Business Times, on July 27, 2012 In August, stock sales by members of Congress and thousands of federal employees will get new scrutiny under the STOCK Act, a law passed in April to combat insider trading among government officials. But a Business Times examination of the timing of the Read More →
Make It Work’s signature red Mini Coopers may have been the key to the company’s undoing when the vehicle’s owners sued for $26,546 in back lease payments on them. The Santa Barbara-based tech support firm closed its doors on June 25, putting two dozen technicians out of work and leaving behind a trail of angry Read More →
Santa Barbara Bank & Trust parent Pacific Capital Bancorp earned $24.1 million, or 73 cents per diluted share, in the second quarter of 2012 compared with $21 million the year before. The company, which is in the process of being bought by Union Bank, said the profits were its highest since Texas-based Ford Financial Group Read More →
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A 1.2 million-square-foot office park in Camarillo has changed hands, marking the largest industrial property deal in the region’s history. The $59.1 million sale of the Mission Oaks Corporate Center to Los Angeles-based Rexford Industrial also edges out the 2002 sale of Oxnard’s 13-building Topa Tower financial plaza, which was purchased by the late Los Read More →
