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At annual address, SB leaders say city is going strong

By   /  Thursday, March 21st, 2013  /  Latest news  /  Comments Off on At annual address, SB leaders say city is going strong

As Santa Barbara continues its upward climb out of the Great Recession, civic leaders are working hard to make sure the city remains a hub for startup businesses and tourism. City Administrator Jim Armstrong told a crowd of business leaders gathered at the Fess Parker Doubletree Resort on March 21 that despite the economic downturn, Read More →

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Amgen shares jump on good news from melanoma drug study

By   /  Wednesday, March 20th, 2013  /  Latest news  /  Comments Off on Amgen shares jump on good news from melanoma drug study

[wikichart align=”right” ticker=”NASDAQ:AMGN” showannotations=”true” livequote=”true” startdate=”20-09-2012″ enddate=”20-03-2013″ width=”300″ height=”245″] Shares of Thousand Oaks-based Amgen rose in light trading on March 20 after the company announced favorable results from a drug that treats advanced melanoma. The drug, dubbed T-VEC, uses a virus to infiltrate tumors and shrink them. It achieved positive results in a large number Read More →

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VSolvit wins $53M Navy contract

By   /  Tuesday, March 19th, 2013  /  Latest news, Small Business, Technology  /  Comments Off on VSolvit wins $53M Navy contract

Thousand Oaks-based firm VSolvit has won a $53.1 million contract to provide support services to the U.S. Navy’s IT center at Naval Base Ventura County. Founded in 2006 by Payal Kamdar, VSolvit, pronounced “we solve it,” has in the past produced mapping systems for the USDA and the White House, for which it produced maps Read More →

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Real estate investor buys $16.5M Venoco HQ in Carpinteria

By   /  Monday, March 18th, 2013  /  Latest news, Real Estate  /  Comments Off on Real estate investor buys $16.5M Venoco HQ in Carpinteria

A South Coast investor has purchased Venoco’s 50,955-square-foot headquarters building in Carpinteria. The property at 6267 Carpinteria Ave. was purchased by real estate investor Victor Schaff for an undisclosed amount. The property was listed by Hayes Commercial Group for $16.5 million. Denver-based oil and gas company Venoco has leased the glass-and-steel building, which sits on Read More →

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Reflecting on a tumultuous five years in business journalism

By   /  Friday, March 15th, 2013  /  Columns, Opinion  /  Comments Off on Reflecting on a tumultuous five years in business journalism

In financial journalism, it seems the future belongs more and more to the specialists.

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Community bank recovery takes shape in region

By   /  Friday, March 15th, 2013  /  Banking & Finance, Banking Industry, Top Stories  /  Comments Off on Community bank recovery takes shape in region

A recovery is taking hold across the region’s mid-sized banks, marked by higher profits and climbing share prices. Ventura-based County Commerce bank’s share price is up about 7 percent year-to-date, coming off of the bank’s most successful year so far. “Growing during an economic downturn is not easy, as you know,” CEO Joe Kruetz told Read More →

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IT admin made easy: AnsibleWorks tackles server management

By   /  Friday, March 15th, 2013  /  Features, Technology  /  Comments Off on IT admin made easy: AnsibleWorks tackles server management

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