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Port of Hueneme budget passsed

By   /  Monday, August 2nd, 2010  /  Latest news  /  Comments Off on Port of Hueneme budget passsed

The Oxnard Harbor District board has approved the Port of Hueneme’s new budget for the 2010-11 fiscal year, one that reflects “the continued impact of the sluggish global economy,” according to a district news release. The Harbor District’s operating revenues are projected to be $10.4 million, an increase of about 3.3 percent from the last Read More →

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Cal Poly won't offer Santa Barbara MBA

By   /  Friday, July 30th, 2010  /  Latest news  /  Comments Off on Cal Poly won't offer Santa Barbara MBA

Editor’s note: This story was updated July 30 at 3:53 p.m. with comments from CSU and CSUCI representatives. Cal Poly San Luis Obispo has abandoned its plans for a master’s of business administration program in Santa Barbara, university officials said July 30. The move came at the request of the office of California State University Read More →

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UCSB breaks research funding record

By   /  Thursday, July 29th, 2010  /  Latest news  /  Comments Off on UCSB breaks research funding record

UC Santa Barbara brought in $222 million in external research funding during its last fiscal year, topping all of its old totals. The university called the record-breaking sum “directly attributable to the federal stimulus program.” The money came from federal and state agencies, corporations and nonprofits. It represents a 28 percent increase from the year Read More →

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K-Swiss buys actions-sports firm

By   /  Thursday, July 29th, 2010  /  Latest news  /  Comments Off on K-Swiss buys actions-sports firm

Athletic shoe company K-Swiss said July 29 that it had acquired Laguna Beach-based mixed martial arts brand Form Athletics for an undisclosed amount, bringing the company’s founder on board to lead the Westlake Village-based firm’s push into the youth products market. K-Swiss has been working to modernize its brand, which is still largely known for Read More →

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Earnings Snapshot: Amgen profits dip, Occam losses narrow, Teledyne income rises

By   /  Thursday, July 29th, 2010  /  Latest news  /  Comments Off on Earnings Snapshot: Amgen profits dip, Occam losses narrow, Teledyne income rises

Biotech giant Amgen reported a 5 percent dip in second-quarter earnings despite slightly better revenues on July 29. The Thousand Oaks-based company earned $1.2 billion, or $1.25 per share, compared with $1.3 billion, or $1.25 for the same quarter in 2009. It blamed the loss in profitability on higher taxes. Revenue edged up to $3.8 Read More →

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Los Padres Bank parent given order to raise capital by July 31

By   /  Wednesday, July 28th, 2010  /  Latest news  /  Comments Off on Los Padres Bank parent given order to raise capital by July 31

Under a new order from federal regulators, Solvang-based Harrington West Financial Group, parent company of Los Padres Bank, has until the end of the week to boost its capital levels or have the U.S. Office of Thrift Supervision step in. The OTS put Los Padres under what’s called a “prompt corrective action,” or PCA — Read More →

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Delta to stop Santa Barbara to Salt Lake City flights

By   /  Wednesday, July 28th, 2010  /  Latest news  /  Comments Off on Delta to stop Santa Barbara to Salt Lake City flights

Delta Airlines announced July 28 that it will cancel its twice-daily flights between Santa Barbara and Salt Lake City. It’s the latest in a string of bad news for Santa Barbara’s frequent fliers. SkyWest’s direct service to San Jose was recently canceled and Horizon plans to ends its flights to Sacramento. In every case, the Read More →

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