Breaking news: Weyrich auction postponed
UPDATE: The auctioning off of San Luis Obispo businessman David Weyrich’s properties on York Mountain Road near Templeton and Los Ranchos Road near San Luis Obispo was postponed Friday morning — at the beneficiaries’ request — until Tuesday Nov. 24. • Click here to read the previous story and check the Nov. 27 print issue Read More →
Pacific Capital shares up 35 percent
Shares of Pacific Capital Bancorp soared 35 percent in unusually heavy trading on Nov. 18 as the stock closed at 91 cents. Volume was more than 2 million shares compared with the normal 1.3 million shares daily. No news was announced, but as earlier reported, the region’s largest banking company has been seeking a buyer Read More →
Semtech announces profit, acquisition
Camarillo-based chipmaker Semtech, which makes parts for the BlackBerry and other mobile phones, announced an $11.9 million third-quarter profit Nov. 18 and said it had purchased Irvine-based chipmaker Sierra Monolithics for $180 million in cash. Revenues were down 6 percent from a year ago to $75.1 million, but that figure represented a 13 percent increase Read More →
North Santa Barbara County poised for rebound
The recession likely is ending for North Santa Barbara County, which should be experiencing stable home prices and employment. That is the view of economist Mark Schniepp, who spoke at a Santa Maria Valley Chamber of Commerce economic forecast event Nov. 17. Schniepp said plunging home prices in Santa Barbara County have been fueled by Read More →
Ventura chamber CEO leaving Nov. 30
Ventura Chamber of Commerce President and Chief Executive Officer Zoe Taylor is stepping down. Taylor, who led the business group for more than 13 years, is in the final stages of starting her own consulting agency. She’ll help businesses connect to government agencies. “I’ve been thinking about doing this for a while,” Taylor told the Read More →
Tea fire not forgotten a year later
A year ago, the Tea Fire devastated parts of Santa Barbara and Montecito, destroying more than 200 homes and ravaging the landscape. Twelve months later, homeowners are still regouping and many have not yet decided whether or not to rebuild. Fire remains a threat, one underscored by the Jesusita Fire, which struck the Santa Barbara Read More →
