QAD reports Q2 profit
Latest newsSanta Barbara-based business software firm QAD is back in the black, with second-quarter earnings of $315,000, or 1 cent per share – up from a $1.4 million net loss in the same quarter last year. With second-quarter revenues flat at $51.3 million, the company attributed the earnings growth to “operational efficiencies” and improved margins. It Read More →
Superconductor Tech prices $6M stock offering
Latest newsSanta Barbara-based Superconductor Technologies said Aug. 25 that it has priced an underwritten offering of 4 million shares of common stock at $1.50 per share. The company hopes to bring in $6 million in gross proceeds from the raise and said the offering will likely close Aug. 31. President and CEO Jeff Quirim said the Read More →
California Oaks to be bought by SF Valley bank
Latest newsThousand Oaks-based California Oaks State Bank will be acquired by California United Bank, the two companies announced Aug. 25. California United, an Encino-based company, will pay about $17.3 million for California Oaks, half in cash and half in shares of common stock, according to a joint news release from the banks. California United said it Read More →
Governor tells Goleta chamber he supports carbon limits
Latest newsDuring a stop in Goleta on Aug. 24, Gov. Arnold Schwarzenegger voiced full-throated opposition to Prop. 23, the November ballot initiative that would suspend a cap-and-trade system for carbon emissions set to take effect next year. Schwarzenegger spoke at the Santa Barbara Municipal Airport at an event organized by the Goleta Valley Chamber of Commerce. Read More →
Oxnard keeps A+ bond rating despite probe
Latest newsStandard & Poor’s Ratings service said Aug. 20 that an ongoing probe of the city of Oxnard by the Ventura County District Attorney’s office will not affect ratings on the city or its water revenue bonds. The rating agency maintained an A+ stable rating on the city and said it will continue to monitor the Read More →
Rabobank buys two failed banks
Latest newsDutch banking giant Rabobank scooped up failed Chico-based Butte Community Bank and Stockton-based Pacific State Bank on Aug. 20, as the federal government swept through California and shuttered four banks. Butte Community and Pacific State operated a total of 23 branches. They were acquired through a purchase and assumption agreement with the FDIC, through which Read More →
Attendance up at Mid-State, Ventura County fairs
Latest newsAttendance at the Ventura County Fair was up 7 percent over last year, according to figures released by fair officials shortly after the two-week event ended on Aug. 15. Total attendance was 328,520. The crowds were also bigger this year at the California Mid-State Fair in Paso Robles, which ended Aug. 1. Total attendance was Read More →
