Staff Report | Pacific Coast Business Times

Staff Report | Thursday, May 28th, 2015

Boxer, Feinstein, Markey demand answers over SB County oil spill

Energy, Latest news, South Coast, Top Stories, Tourism, Tri-County Economy

U.S. Sens. Barbara Boxer, D-CA, Dianne Feinstein, D-CA, and Edward J. Markey, D-MA, on May 28 sent a letter to the Pipeline and Hazardous Materials Safety Administration calling for more information about the rupture of a pipeline The senators wrote, “Following one of the most devastating oil spills in California history, we need answers about Read More →

Staff Report | Thursday, May 28th, 2015

Deckers posts record Q4 revenue, beats Wall Street expectations

Earnings, Latest news, South Coast, Top Stories

Goleta-based footwear and apparel company Deckers managed to smash Wall Street expectations in its fiscal 2015 fourth quarter earnings. The company recorded a $1.4 million profit for the quarter after posting a loss in the same period last year. Deckers also had record revenue of $340.6 million for the quarter, an increase of 15.6 percent Read More →

Staff Report | Friday, May 22nd, 2015

Oil pipeline owners may face more than fines for Santa Barbara County spill

Energy, Latest news, South Coast, Top Stories, Tourism

California Attorney General Kamala D. Harris on Friday said her office is actively working with the Santa Barbara District Attorney’s office and state and federal agencies to investigate the incident.

Staff Report | Friday, May 22nd, 2015

Cal Poly gets $500,000 grant for technology park planning

Texas oil company linked to spill off Gaviota coast

Energy, Latest news, Top Stories

The company that reportedly was involved in the May 19 oil spill off the Gaviota coast is a large Houston-based master limited partnership that operates nearly 18,000 miles of pipeline in the U.S. The company, Plains All American Pipeline, also operates a number of processing facilities and is organized as a so-called master limited partnership Read More →

Staff Report | Tuesday, May 19th, 2015

AppFolio files for $100M IPO

Banking & Finance, Latest news, Real Estate, South Coast, Technology, Top Stories, Tri-County Public Companies

Goleta-based AppFolio filed with U.S. regulators May 18 for an initial public offering. The developer of cloud-based property management software listed $100 million as the initial fundraising target, however the size the IPO could change. The company did not stipulate how many shares it plans to sell. The move comes on the heels of Read More →

Staff Report | Thursday, May 7th, 2015

ERG Resources files bankruptcy, business for sale

Banking & Finance, Latest news, Real Estate, South Coast, Top Stories

ERG Resources, a Houston-based independent oil and gas with major operation in northern Santa Barbara County recently filed for Chapter 11 bankruptcy in Dallas. The company plans to sell the business. A Business Times previous report found that the company owed nearly $400 million on a loan with CLMG Corp., an agent holding lien on Read More →