Limoneira misses Wall Street expectations for fourth quarter
Agribusiness, Earnings, Latest news, Tri-County Public CompaniesSanta Paula-based Limoneira Co. reported fiscal fourth-quarter net income of $654,000 on Jan. 11 after reporting a loss in the same period a year earlier. The company said it had profit of 4 cents per share. Losses, adjusted for non-recurring gains, came to 23 cents per share. The results did not meet Wall Street expectations. Read More →
Shire acquiring Baxalta for $32 billion
Health Care & Life Science, Latest news, TechnologyShire PLC sweetened the pot and Baxalta Inc. investors took the bait in a deal announced early Jan. 11. Dublin-based Shire announced a $30 billion bid for Deefield, Ill.-based Baxalta on Aug. 4. On Jan. 11, the companies announced Shire will acquire Baxalta for $32 billion. Baxalta employs about 2,000 people in Thousand Oaks and Read More →
Compass real estate platform expands into Santa Barbara, Montecito
Latest news, Real Estate, South CoastAn online real estate platform called Compass is expanding into the region with offices in Santa Barbara and Montecito. New York-based Compass connects luxury real estate renters, buyers and sellers with agents, offers market insight and features online listings. Since the company entered the California market about two months ago, it has hired more than Read More →
Santa Barbara County wine industry worth $1.7 billion in 2013
Agribusiness, Central Coast, Latest news, South Coast, Tourism, Wine & ViticultureThe Santa Barbara County wine industry had around a $1.7 billion economic impact in 2013, according to a recent study commissioned by the Santa Barbara Vintners Association. Spending a weekend afternoon in downtown Santa Barbara’s Funk Zone or driving through the Santa Ynez foothills demonstrate the industry’s growth and wine’s popularity. Yet, St. Helena-based Stonehenge Read More →
Settlement ends Amgen drug kickback saga
East Ventura County, Health Care & Life Science, Latest news, Tri-County Public CompaniesA drug kickback program is finally behind Amgen, the Thousand Oaks-based pharmaceutical giant. Louisville, K.Y.-based PharMerica was the last of three companies to settle lawsuits relating to Amgen allegedly paying kickbacks to PharMerica and another company to prescribe patients the anemia drug Aranesp. PharMerica settled the suit for $2.5 million in December, Louisville Business First Read More →
American Riviera Bank merges with The Bank of Santa Barbara
Banking & Finance, Banking Industry, Latest news, Tri-County Public CompaniesAmerican Riviera Bank completed its previously announced merger with The Bank of Santa Barbara. The merger, first announced on July 15, was approved by shareholders of American Riviera Bank and The Bank of Santa Barbara and received required regulatory approvals. American Riviera Bank had $227 million in assets and The Bank of Santa Barbara had Read More →
Community West Bank expanding into San Luis Obispo
Banking & Finance, Banking Industry, Central Coast, Latest news, Top StoriesGoleta-based Community West Bank plans to open a new branch in San Luis Obispo. Community West, which is owned by Community West Bancshares, looks to debut a full-service branch at 4464 Broad Street — its first in San Luis Obispo County. Its sixth tri-county location, pending approval from federal regulators, would open in the third Read More →
