Walking Co. Reorganizes
On Feb. 2, Santa Barbara-based shoemaker The Walking Company Holdings filed a reorganization plan that would let the company keep 96 percent of its store locations open and pay off all of its debts and future obligations to trade creditors. The company said it is positioned to emerge from Chapter 11 protection sometime this spring. Read More →
Businesses honored at tech industry awards
The Santa Barbara Technology and Industry Association honored five business and political leaders at its annual awards dinner Feb. 4. Kelly Magne of Jensen Audio Visual was named Executive of the Year, and Alex Rasmussen of Neal Feay Co. was named Entrepreneur of the Year. High Tech Sector Company of the Year honors went to Read More →
Schniepp: Ventura County will see turnaround in 2010
Economist Mark Schniepp thinks the lowest point in the recession has passed and that 2010 will be a transition year for Ventura County. Schniepp, director of the California Economic Forecast in Goleta, predicted a recovery for the county during his presentation at the 2010 Ventura County Real Estate & Economic Outlook held in Westlake Village Read More →
Amid $20M loss, Pacific Capital in talks to sell branches
Pacific Capital Bancorp, the struggling parent of Santa Barbara Bank & Trust, cut its losses to $20 million in the fourth quarter of 2009 and held its capital ratios steady though below where regulators want them to be. The bank said it has started talks over the potential sale of branches and that it will Read More →
Abuse survivor advocates for cause
Tracy Sanginiti didn’t look like the kind of woman who would be pushed around. Young and sharp, she was the catering director at a hotel in Northern California and the breadwinner of her household. To outsiders, her future looked bright — but her life had a much darker side to it. “I wore a Read More →
