Pacific Capital sweetens deal for debt holders
Debt holders appear to be pushing back against Pacific Capital Bancorp, the parent of Santa Barbara Bank & Trust in the middle of a $500 million rescue deal that requires debt holders’ cooperation. Pacific Capital has more than doubled its cash offer on some of its outstanding debt and extended the deadline to accept to Read More →
Limoneira breaks even on 70 percent revenue gain
Limoneira Co. reported mixed second-quarter results, as revenues jumped 70 percent but shareholders saw no profits. The Santa Paula-based citrus and avocado grower and real estate developer reported net income of $47,000 applicable to common shareholders after preferred dividends, and a $564,000 non-cash charge for the mark-to-market adjustment on its interest rate swaps. The company Read More →
Ventura's City Hall reaches out to business leaders
The détente between Ventura’s business community and City Hall continued on June 12, with the city’s second “Economic Summit” and the first meeting of the economic development roundtable dubbed the “Prosperity Council.” Close to 150 people attended the Saturday morning summit, which included sessions on four topics: “greening” the Ventura economy; enhancing the business climate; Read More →
Editorial: A gentleman passes
Stan Bartlett helped a regional CPA firm become a name with real brand value — not an easy thing to do. He was a founding member of Bartlett, Pringle & Wolf, one of the region’s oldest accounting firms. He was a genial fellow and a quiet community leader whose accomplishments were recognized by the Santa Read More →
Editorial: Region's voters happy with the status quo
It turns out that even a deep recession, severe county budget woes, gridlock in Sacramento and a housing meltdown have not changed the core character of voters on the Central Coast. We’re pragmatists who are relatively happy keeping things the way they are. That means supervisory races in the Conejo Valley and Santa Barbara’s 2nd Read More →
