Breaking news: Pacific Capital aims for reverse stock split
Latest newsPacific Capital Bancorp, parent of Santa Barbara Bank & Trust, wants to execute a reverse split of its stock to bolster its sagging stock price. The region’s biggest independent banking company said Aug. 17 that it will hold a special shareholder meeting in Santa Barbara on Sept. 29 to vote on the reverse split. The Read More →
Dole tests waters for $500M IPO
Latest newsWestlake Village-based Dole Food Co. said Aug. 14 that it has filed papers to become a public company again and plans to raise as much as $500 million. With $7.6 billion in 2008 revenue, Dole is the largest private company in the Tri-Counties. The company was public until 2003, when owner and real estate magnate Read More →
Countrywide's Mozilo accused of fraud
Latest newsThe U.S. Securities and Exchange Commission has filed civil fraud charges against former Countrywide CEO Angelo Mozilo as well as company president David Sambol and Eric Sieracki. Mozilo, who founded Countrywide in 1969, is separately charged with engaging in insider trading of Countrywide stock when he set up his highly controversial executive stock sale plans Read More →
King
Latest newsTwo massive San Luis Obispo County developments owned by John King have filed for Chapter 11 bankruptcy protections, putting on hold a foreclosure auction slated for June 1. King is developing Vaquero de los Robles, a luxury resort near the Paso Robles airport, and Spanish Springs, a development planned near Pismo Beach. The two projects Read More →
News-Press heads into trial with Labor Board
Latest newsAmpersand Publishing, parent company of the Santa Barbara News-Press, went before a federal labor judge May 26 for what’s expected to be a 20-day trial over charges of bad-faith bargaining with and illegal firing of a union worker. The trial is the second in two years in which attorneys from the National Labor Relations Board Read More →
Three tri-county dealers to lose Chrysler franchises
Latest newsThree tri-county dealers won’t be selling Chryslers after June 9 as part of the ailing automaker’s plan to shed a quarter of its dealerships. Kirby Oldsmobile-Jeep-Eagle-Suzuki in Ventura, Ted Miles Jeep in Atascadero and Perry Ford Lincoln-Mercury Jeep in San Luis Obispo will lose franchise agreements, the automaker announced May 14. Chrysler, which has already Read More →
Fire singes sales for Santa Barbara businesses
Latest newsSales dropped sharply for dozens of Santa Barbara’s small businesses as smoke and ash from the Jesusita Fire swirled through the city for a third day May 7. A few shops located near the blaze soldiered on as city officials pondered how small businesses already coping with a weak economy would survive the latest natural Read More →
