Teledyne buys Canadian firm
Teledyne Technologies said Feb. 27 that it has purchased a Canadian firm that makes electronics products for the oil and gas industry. Teledyne, a Thousand Oaks-based conglomerate of defense and industrial brands, has been rebalancing its portfolio away from defense companies and toward commercial and industrial products as the U.S. cuts defense spending as it Read More →
California must invest in the future, Lt. Gov. says in SLO
Lt. Gov. Gavin Newsom told hundreds of civic and business leaders in San Luis Obispo on Feb. 24 that California needs to look beyond its borders for new ideas on how to once again lead the United States in job creation. Newsom told the crowd at the San Luis Obispo Chamber of Commerce luncheon that Read More →
Deckers steps up sales to $1.4B
[wikichart align=”center” ticker=”DECK” showannotations=”true” livequote=”true” startdate=”23-08-2011″ enddate=”23-02-2012″ width=”390″ height=”245″] Goleta-based Deckers Outdoor Corp., parent of the Ugg Australia boot brand, increased its sales 38 percent to nearly $1.4 billion in 2011 and boosted net income 25 percent $201.8 million. In an earnings release on Feb. 23, Deckers said it notched a huge boost in international Read More →
Ceres goes public at $13
Ceres, the Thousand Oaks-based energy crop firm, has gone public on the Nasdaq priced at $13 a share, raising up to $65 million in the sale of five million shares. The stock was up nearly 15 percent to $14.90 in mid-day trading on Feb. 22. Ceres struggled to push through its deal. Initially slated to Read More →
K-Swiss shares tumble on higher Q4 loss
[wikichart align=”right” ticker=”NASDAQ:KSWS” showannotations=”true” livequote=”true” startdate=”17-08-2011″ enddate=”17-02-2012″ width=”300″ height=”245″] Athletic shoe company K-Swiss stumbled into another unprofitable quarter, reporting a $25.2 million loss that came to 71 cents per share, despite higher sales. Shares of K-Swiss dropped 10.7 percent to $3.35 on Feb. 17 after the earnings announcement. In the fourth quarter of 2010, the Read More →
Ceres delays again, warns of Brazilian drought
Ceres, the Thousand Oaks-based energy crop firm, has delayed its initial public offering again. It also said Friday that its existing investors might buy as many as a fifth of the shares slated to hit the market and that a drought in Brazil could hurt it sweet sorghum yields. The pushed back its planned initial Read More →
Orfalea offers advice to start-ups
Kinko’s founder Paul Orfalea hates working long hours — and he said that’s a big part of the reason his small business turned into one of the most successful start-ups ever to come out of Santa Barbara County. Orfalea shared personal advice on how to manage a start-up company with a group of about 200 Read More →
