Staff Report | Pacific Coast Business Times

Staff Report | Thursday, July 24th, 2014

Deckers shares jump as firm raises full-year outlook on higher Q1 sales

Shares of Deckers Outdoor Corp. hopped 5.6 percent in after-hours trading on July 24 as the footwear firm reported better-than-expected sales and raised its outlook for the full year. The firm’s loss widened to $37.1 million, or $1.07 per share, compared to a loss of $29.3 million in the same period a year earlier. Read More →

Staff Report | Tuesday, July 22nd, 2014

New Yorker faces SEC charges over Clean Diesel trades

Latest news, Law & Goverment, Technology, Tri-County Public Companies, West Ventura County

A New York investor relations executive has been charged with insider trading for using knowledge gained preparing press releases for Oxnard-based Clean Diesel Technologies for personal profit.

Staff Report | Monday, July 21st, 2014

Community West Bank COO dies

Banking & Finance, Banking Industry, South Coast, Tri-County Economy

Michael Phlaum, chief operating officer at Goleta-based Community West Bank, died Friday evening from complications related to a stroke, the bank said on July 21. Phlaum joined the bank in February 2012 and was promoted to COO and executive vice president in February of this year. “This is a tragic loss for me personally and Read More →

Staff Report | Friday, July 18th, 2014

Santa Clara Valley Bank to be sold in $15.3M deal

Agribusiness, Banking & Finance, Banking Industry, Latest news, Top Stories

Santa Paula-based Santa Clara Valley Bank is being acquired by Sierra Bancorp for $15.3 million in an all-cash deal announced July 17. The Ventura County bank operates branches in Fillmore, Santa Paula and Valencia. With assets of about $127 million, the bank is the second-smallest bank headquartered in the Tri-Counties.

Staff Report | Tuesday, July 15th, 2014

News organizations object to Mission & State funding plan

Nonprofits, South Coast, Top Stories, Tri-County Economy

A two-hour debate over the future of the Mission & State investigative reporting project in Santa Barbara ended with no resolution but one funder calling for a time-out to reassess the awarding of a management contract to a for-profit news organization. The meeting was held at the offices of the Santa Barbara Foundation, which awarded Read More →

Staff Report | Thursday, July 10th, 2014

Ventura County to get $4.1M Health Care Innovation Award

East Ventura County, Health Care & Life Science, Top Stories, Tri-County Economy, West Ventura County

The Ventura County Health Care Agency is slated to receive $4.1 million in federal funding to study treatment of chronic obstructive pulmonary disease, or COPD, one of the most common lung conditions in the U.S.

Staff Report | Wednesday, July 9th, 2014

Historic Ventura hotel changes hands

Real Estate, Top Stories, Tri-County Economy, West Ventura County

Sandpiper Capital Partners has purchased the 37-room Leewood Hotel in downtown Ventura from its longtime owner and plans to convert it to an apartment complex. The firm purchased the property for just under $2.7 million, Justin Egerer, founder and managing member of Sandpiper Capital Partners, said in an email to the Business Times. The property is Read More →