Deckers halts sale hunt against investors’ wishes
Footwear manufacturer Deckers Brands will launch a $400 million share buyback program as it wrapped up a strategic business review and simultaneously reported a 26 percent increase in its second quarter net income. In an earnings conference call on Oct. 26, the Goleta-based company said that it would no longer actively pursue a sale or Read More →
Amgen product sales slip but income stays steady
Net income at biotech giant Amgen stayed flat for the third quarter, despite a slight downtick in revenues to $5.8 billion, the company reported Oct. 25. Product sales saw a slight decline, including Neupogen, Epogen and its blockbuster rheumatoid arthritis drug Enbrel, which fell 6 percent, but net income stayed steady at a little more Read More →
Forecast: Ventura County economy to contract further in 2017
Ventura County’s economy is expected to contract further in 2017, declining by nearly 1 percentage point. That is the prediction of the California Lutheran University Center for Economic Research and Forecasting, which will present its forecast on Oct. 26. The CERF report says the dominant economic story to emerge in Ventura County over the past Read More →
Flir Systems reports third quarter increase in net earnings
Thermal imaging device maker Flir Systems, which has large operations in Goleta, announced a 15 percent increase in its third quarter revenues, driving net earnings up 8 percent. The company saw increases in revenue across all segments, particularly its instruments, security and detection businesses, as well as a 39 percent increase in its original equipment Read More →
Complaint filed in bid to block Chumash development
A complaint has been filed against the County of Santa Barbara to stop it from allowing the Santa Ynez Band of Chumash Indians to develop more than 1,400 acres of agricultural land in the Santa Ynez Valley, which has also been called Camp 4. The complaint outlines an assertion that the county cannot agree to Read More →
Ventura County economic development plan approved
Ventura County’s Board of Supervisors has approved the first economic development plan in the history of the county. The board voted 5-0 to approve the countywide “Economic Vitality Strategic Plan” at its board meeting on Oct. 24. Officials said the plan was the product of four public sessions and was designed to “foster economic growth Read More →
American Riviera Bank assets pass half-billion dollar mark
American Riviera Bank, headquartered in Santa Barbara, had an unaudited net income of $1,383,000, or 31 cents per share, for the third quarter of 2017, the company announced in its earnings report on Oct. 24. The bank reported $518 million in total assets as of the third quarter of 2017. The growth was driven by Read More →
