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 →
“I woke up and everything was different,” said Frank Ostini, owner of The Hitching Post II. “Reservation requests at the restaurant literally tripled and we’ve never looked back.”
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.
The New York State Attorney General has sent a cease and desist letter to a legal documents business run by a member of Santa Barbara’s Distenfield family, alleging the firm is illegally practicing law in the Empire State. The order is the first deep scrutiny of the newest document filing venture by a new generation Read More →
A Danish immigrant and professional chef named Alfred Andersen opened a small bakery on Santa Barbara’s Milpas Street in 1976, with his wife Birte and 2-year-old daughter Charlotte at his side. Today, that same Danish pastry shop is Andersen’s Danish Restaurant and Bakery, a nearly 40 year-old landmark in downtown Santa Barbara. The birth of Read More →
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 →
