CalAmp pays down debt with $8M payout
CalAmp has taken big steps back toward profitability after announcing an $8.2 million cash infusion from a legal settlement and an 8 percent cut to its workforce as customers cut back on orders of communications gear. The Oxnard-based company makes dishes for DirecTV and EchoStar, two of the largest satellite television providers in the country. Read More →
Nipomo project in the dark
Maria Vista Estates – a 77-lot development in Nipomo that’s in Chapter 7 bankruptcy proceedings – has moved one step closer to settling a road-fee lawsuit with San Luis Obispo County for $100,000. The county has already signed the proposed settlement, which is waiting for bankruptcy court approval. But one of Maria Vista Estate’s largest Read More →
Students find toughest job market in years
California’s increasing unemployment rate is not the news business students want to hear as they get ready to graduate this spring. But the slowdown already is showing up in smaller job fairs and enhanced career planning services offered by schools. Business schools at tri-county universities are using workshops and one-on-one counseling to teach upcoming graduates Read More →
Deckers picks up its pace – New acquisition could offset British store closings
Deckers Outdoor Corp. is in talks to acquire smaller footwear-maker Ahnu in a move that could give the Goleta-based company a much-needed boost after it shed more than half its value in the last five months and had its analyst ratings drop. Deckers said it planned to buy the Alameda-based company on Jan. 23, although Read More →
Casa Serena celebrates 50 years of miracles
Posters that read “Don’t leave before the miracle” hang throughout the walls of Santa Barbara’s Casa Serena. For those who enter the nonprofit’s doors, the miracle is a recovery from alcohol and drug addiction. It has been 50 years since Casa Serena opened its doors to offer a safe haven and support system for recovering Read More →
Give until it zooks! – Online fundraiser helps region
Even if givezooks! didn’t exactly coin the term “social fundraising,” the company is at least looking to revolutionize the concept. A Santa Barbara-based Internet startup, givezooks! is using the power of social networking tools to transform the way nonprofits and other grassroots campaigns fundraise and connect with donors. “Social fundraising, as we call it, is Read More →
