Loading...
You are here:  Home  >  Banking & Finance
Latest

Munger gives UCSB $20.7M

By   /  Wednesday, October 22nd, 2014  /  Banking & Finance, Latest news, South Coast, Top Stories, Tri-County Economy  /  No Comments

Berkshire Hathaway Vice Chairman Charles Munger, a frequent South Coast visitor whose grandson studied at UC Santa Barbara has donated $20.7 million in stock to the university. Bloomberg News reported the billionaire’s gift on Oct. 22, citing a regulatory filing with the Securities and Exchange Commission. The donation was 100 Class A shares in Omaha, […]

Read More →
Latest

Lucia aquires West Coast Asset Management office, key staff

By   /  Friday, October 17th, 2014  /  Banking & Finance, Latest news, Personal Finance, Top Stories  /  No Comments

West Coast Asset Management co-founder Lance Helfert. (Bloomberg News photo)

West Coast Asset Management, the alternative investment firm founded by Paul Orfalea and family member Lance Helfert, is merging with a San Diego-based money manager.

Read More →
Latest

Clean Diesel chairman resigns, metals industry veteran steps in

By   /  Tuesday, September 30th, 2014  /  Banking & Finance, Technology, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  No Comments

Shares of Clean Diesel Technologies closed down 5.5 percent on Tuesday, after the company announced that Alexander “Hap” Ellis III had resigned as chairman and that board member Charles Engles had taken over the position. Ellis resigned to focus more time on RockPort Capital, the venture capital firm of which he is a partner, Clean […]

Read More →
Latest

Qualstar shares sink on $5.6M loss

By   /  Monday, September 29th, 2014  /  Banking & Finance, East Ventura County, Technology, Tri-County Economy, Tri-County Public Companies  /  No Comments

A year ago, the management team at Simi Valley-based Qualstar was ousted by Florida-based BKF Capital, which vowed to cut costs and executive compensation while expanding international sales.  (Stephen Nellis / Business Times photo)

Qualstar cut its annual loss to $5.6 million — almost half of what it had been a year earlier — but investors weren’t happy with the company’s slow progress as it struggles to return to profitability. Shares of Qualstar plummeted 6.9 percent to close at $1.21 on Sept. 29 after the company reported its fiscal […]

Read More →
Latest

$86.2M Sientra IPO plumps up public-company ranks

By   /  Friday, September 26th, 2014  /  South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  No Comments

With Santa Barbara-based breast implant maker Sientra’s Sept. 19 announcement that it plans to raise up to $86.2 million, the IPO has returned to the Tri-Counties in a big way. Sientra’s filing is the fourth initial public offering announced in the region this year, joining completed deals at Goleta-based Inogen and Santa Barbara-based Resonant for […]

Read More →
Latest

Teledyne to raise $125M in debt sale

By   /  Tuesday, September 23rd, 2014  /  Banking & Finance, Banking Industry, East Ventura County, Tri-County Economy  /  No Comments

Thousand Oaks-based industrial conglomerate Teledyne Technologies hopes to raise up to $125 million in operating capital by selling debt. The company said that on Dec. 4 it will issue $30 million of senior unsecured notes at 2.6 percent due Dec. 4, 2019 and $95 million of 3.1 percent senior unsecured notes due on Dec. 6, […]

Read More →
Latest

TechXpress acquired for $1.6M

By   /  Monday, September 22nd, 2014  /  Central Coast, Latest news, Technology, Top Stories, Tri-County Public Companies  /  No Comments

San Luis Obispo-based TechXpress is being split up and sold for $1.6 million in cash and stock.

Read More →