Former homestore CEO signs plea
The former chief executive officer of Homestore.com — the predecessor to Westlake Village-based realty Web site Move.com — signed a plea agreement admitting to securities fraud for his alleged role in a scheme designed to artificially inflate the company’s profits. Westlake Village resident Stuart Wolff admitted to conspiring to artificially inflate Homestore’s public advertising revenue, Read More →
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Haitian officials are hearing reports that scores of thousands may have died in the powerful earthquake that struck the country. Many more may have been injured and made homeless. News reports tell of survivors without food and water digging the dead and injured from the rubble with their bare hands. As governments were readying responses, Read More →
Breaking news update: Pacific Capital sells tax-refund loan program for $10M
Santa Barbara-based Pacific Capital Bancorp will get $10 million for a program that earned the banking firm hundreds of millions of dollars over the past decade, a sum that will contribute only “a drop in the bucket” toward curing the bank’s capital woes, one analyst said. The stunningly low price makes the possibility of a Read More →
Chinese cyber attack suspected by Santa Barbara tech firm
A day after Internet giant Google said it might pull out of China because of massive cyber attacks from that country, the lawyers for a Santa Barbara software firm that recently sued the Chinese government said they had been hit by Trojan viruses from China. On Jan. 5, Cybersitter filed a lawsuit in federal court Read More →
Breaking news: Music festival company countersues
Twiin Productions, the firm behind the West Beach Music & Arts Festival in Santa Barbara, has fired back in a legal battle of band bookers taking place on the South Coast. In August, Jackie Kane, another concert organizer, sued Twiin. She alleged that she’d been frozen out of her share of the 2008 festival and Read More →
Breaking news: Deckers on the look-out for new headquarters
Goleta-based shoemaker Deckers Outdoor Corp. is looking for new digs in the Santa Barbara area. Deckers — producer of the Ugg boot, the Teva sandal and Simple brand of shoes — said Jan. 11 that it plans to move its corporate headquarters sometime in 2012. Currrently, the company is located on South Fairview Avenue in Read More →
