Sage advice from Miller McCune
Count Sara Miller McCune as one expert who thinks a byproduct of The Great Recession will be a new era of entrepreneurship. And she thinks a large number of these businesses will be started by women. In case you have not heard of her, Miller McCune is one of the most successful business owners in Read More →
Firms move forward on housing project at Wagon Wheel property
The fate of Oxnard’s famed Wagon Wheel Motel is still up in the air, but the prolonged approval process for its demolition hasn’t stopped development on other parts of the property. The Daly Group and Oxnard Village Investments LLC are moving forward with their plans for the Oxnard Village affordable housing development, a project that Read More →
Wendy
A burger bidding war might be in the works for Carpinteria-based CKE Restaurants, the parent of the Carl’s Jr. chain of fast-food restaurants. Citing sources close to the potential offer, the New York Post reported March 11 that Nelson Peltz, owner of the Wendy’s and Arby’s chain of restaurants, is considering a bid for the Read More →
Heritage Oaks to raise $60M
Just days after receiving orders from federal regulators to submit a plan to keep its capital levels up, Paso Robles-based Heritage Oaks Bank said March 10 it intends to raise $60 million by selling securities. The bank, which has 13 tri-county branches and is the parent of Business First Bank in Santa Barbara, said the Read More →
Semtech shows $9.5M profit in Q4
Fresh off a $180 million, all-cash buyout of another chipmaker, Camarillo-based Semtech turned in a $9.5 million profit on $85 million in revenue for the fourth quarter March 10, up from $6.3 million the year before. Semtech makes chips for the popular BlackBerry phones and other high-end mobile devices. The fourth-quarter profit was up from Read More →
Santa Barbara contractors decry union-backed plan
Construction contractors and business leaders on March 10 denounced a proposal they say would discriminate against non-union shops and drive up building costs for taxpayers in Santa Barbara County. John Holehouse, president of Holehouse Construction Co., called a proposal to restrict bidding on public projects in the county to union shops “a shark dressed as Read More →
PCBC's top legal exec to retire
Fred Clough, executive vice president and general counsel at Pacific Capital Bancorp, the struggling parent of Santa Barbara Bank & Trust, will leave the company at the end of the month. Clough’s retirement will become effective a few weeks after the departure of Chief Financial Officer Stephen Masterson, who announced in December that he will Read More →
