Op/ed: Philanthropy is caught in a game of politics
Op/Eds, OpinionIn spite of the importance of addressing long-term fiscal imbalances, fooling with the philanthropic engine strikes me as short-sighted.
Amgen launches $5B buyback
Banking & Finance, Latest news, Tri-County Public CompaniesAmgen said Nov. 7 that it plans to buy back $5 billion of its shares as part of a push to return profit to stockholders. Shares of the Thousand Oaks-based drugmaker jumped 4.5 percent in morning trading. Moody’s Investors Service and Fitch Ratings lowered their ratings on Amgen debt after the announcement because the biotech Read More →
Earnings roundup: Profits return for most area banks
Banking & Finance, Banking Industry, Latest newsBanks based in the Tri-Counties reported mostly healthier third-quarter earnings, led by the largest lender in the region, which now has a full year of profits under its belt after a recapilization deal and ownership change last year. Here’s a closer look at how tri-county banks performed in the third quarter: Pacific Capital Bancorp [wikichart Read More →
Deckers profits jump 48% on Ugg sales
Banking & Finance, Earnings, Latest news, Tri-County Public CompaniesDeckers Outdoor Corp. said profits jumped 48 percent in the third quarter after getting a big leg-up from Ugg brand sales. The Goleta-based shoe company increased its full-year outlook after the better-than-expected third quarter. Deckers company earned $62.3 million, or $1.59 per share as sales jumped 49.1 percent to $414.4 million in the third-quarter. Ugg Read More →
Op/ed: Flat rate would treat all taxpayers equally
Op/Eds, OpinionThe current income tax code punishes our economy, rewards special interests and makes the U.S. less competitive globally.
PCBC posts $20.5M profit year after recap deal
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesPacific Capital Bancorp, parent of Santa Barbara Bank & Trust, said Oct. 27 that it earned $20.5 million in the third quarter of 2011, marking its first full year of profits since a team of Texas bankers recapitalized it last year. In August 2010, Dallas-based Ford Financial Fund, led by veteran bankers Gerald Ford and Read More →
