Carbajal expects more stimulus funds
An agreement on a new round of stimulus funding, including payment to individuals and additional funding for small business, is likely to be reached in mid-September, says U.S. Rep. Salud Carbajal, D-Santa Barbara. In a Sept. 2 phone interview with the Business Times, Carbajal said he expects the White House and House Speaker Nancy Pelosi Read More →
UC files new complaint in lightbulb licensing dispute
Efforts to secure licenses for UC Santa Barbara’s LED lighting patents entered a new chapter on Aug. 31, with the launch of a second round of complaints against major retailers. Filed by Nixon Peabody on behalf of the Regents of the University of California, the complaint calls for an ITC investigation of imports by General Read More →
Montecito man gets 3 years for stock fraud scheme
Efstratios “Elias” Argyropoulos of Montecito was sentenced Aug. 31 to three years in federal prison for defrauding 130 investors out of more than $3.4 million, federal prosecutors announced. Argyropoulos was the president and sole shareholder of the financial services firm Prima Ventures from 2010 to 2015. During that time, he told investors he had the Read More →
Ventura, Santa Barbara counties go to court to shut down gyms
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Revenue up at Semtech, down at QAD
Two of the region’s top technology companies reported second quarter earnings on Aug. 26, with results underscoring how the Internet of Things and cloud computing are transforming established players in semiconductors and software. Camarillo-based Semtech Corp, with a market cap of slightly more than $4 billion, said sales for the second quarter were $143.7 million, Read More →
Amgen to join exclusive Dow Jones club
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Vista Equity founder Robert Smith under tax investigation
Robert Smith, the founder of Vista Equity Partners, which counts Mindbody and LogicMonitor in its portfolio, is facing an investigation by U.S. tax authorities over his personal offshore holdings. According to reports first published in Bloomberg, then in the Financial Times and others, Smith has come under scrutiny over tax treatment of millions of dollars Read More →
