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By Staff Report / Friday, October 8th, 2010 / Latest news, Technology / Comments Off on Sale of Veeco’s Goleta unit closes
The sale of Veeco Instruments’ metrology business, which includes its facility in Goleta, closed on Oct. 8, the company announced. Massachusetts-based Bruker Corp. now owns the metrology unit, which includes offices in Goleta and Tuscon, Ariz., and will combine it with its Bruker Nano division. The company paid $229.4 million in cash in the deal, Read More →
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By Stephen Nellis / Thursday, October 7th, 2010 / Banking & Finance, Latest news, Technology, Tri-County Public Companies / Comments Off on Major shareholders file suit against Occam
A group of shareholders who between them own about 19 percent of Occam Networks filed suit Oct. 6 against Occam’s board of directors to stop the proposed acquisition of the company by Calix. In a news release announcing the suit, the investors — who include legendary hedge fund manager Michael Steinhardt — claim the $171 Read More →
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By Staff Report / Thursday, October 7th, 2010 / Latest news / Comments Off on 2011 Amgen tour to hit Paso, Solvang, T.O.
Paso Robles, Solvang and Thousand Oaks will all play host to parts of the 2011 Amgen Tour of California cycling race, Amgen and the race’s other organizers announced Oct. 7. The eight-day, 800-mile race starts May 15 in South Lake Tahoe and winds its way down the state to finish May 22 in Amgen’s home Read More →
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By Staff Report / Monday, October 4th, 2010 / Latest news / Comments Off on Copelands face fine in SLO election dispute
San Luis Obispo businessmen James and Thomas Copeland and banker David Booker were the anonymous backers of “No on J,” the campaign to stop rancher Ernie Dalidio from developing 131 acres outside the city, according to a report from state campaign regulators. The three face fines of up to $80,000. The California Fair Political Practices Read More →
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By Marlize van Romburgh / Monday, October 4th, 2010 / Banking & Finance, Banking Industry / Comments Off on Revisiting a bank acquisition, one year later: Bank of SB hits 54% asset growth
One of the Tri-Counties’ smallest banks has made a sizeable rebound in the 10 months since a team of Santa Barbara investors purchased it from its former Michigan parent. The Bank of Santa Barbara, which came under local ownership in November 2009, has seen deposits jump 80 percent year-over-year as assets climbed more than 54 Read More →
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By Staff Report / Monday, October 4th, 2010 / Latest news / Comments Off on Firms to pay $5.4M for 2003 Piru fire
Two Ventura County companies accused of starting the 2003 Piru fire have agreed to pay the U.S. Forest Service $5.4 million to settle a federal civil suit, the U.S. Attorney’s Office announced Sept. 24. Ventura-based Berry Engineering General Contractors agreed to pay $5 million, and Santa Paula-based Mendez Concrete agreed to pay $447,423. Neither company admitted any Read More →
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By Pacific Coast Business Times Staff / Monday, October 4th, 2010 / Latest news / Comments Off on Santa Barbara approves TBID
The Santa Barbara City Council voted Sept. 28 to establish a “tourism business improvement district,” which will collect fees from 88 different hotels and use them to fund a regional marketing campaign. The measure places a surcharge, on top of the existing bed tax, of between 50 cents and $2 per night, depending on the Read More →
