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Latest

Charges filed in Wolfe & Associates hacking case

By   /  Thursday, August 13th, 2020  /  Latest news, Law, Real Estate, South Coast, Tri-County Economy, West Ventura County  /  Comments Off on Charges filed in Wolfe & Associates hacking case

Felony charges were filed Aug. 12 against six people suspected of hacking into the computer networks of Wolfe & Associates, a Santa Barbara-based property management firm, as part of an unemployment insurance fraud scheme. The suspects—Gordon Alan Welteren, Nicole Michelle Milan, William Lee Gormley and Christina Renata Hesler of San Diego; David Zarate of Oxnard; Read More →

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Region’s restaurants take it outside

By   /  Monday, August 10th, 2020  /  Central Coast, Restaurants, Small Business, South Coast, Top Stories, Top Story, Tri-County Economy, West Ventura County  /  Comments Off on Region’s restaurants take it outside

In San Luis Obispo, Santa Barbara and Ventura counties, businesses have been encouraged to take advantage of outdoor spaces around them, and in cities like Paso Robles, Solvang, Santa Barbara and Ventura, cities have shut down main thoroughfares to give restaurants more room to expand into the streets and sidewalks. “It’s a really great opportunity Read More →

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Montecito Bank & Trust reports big quarter due to PPP loans

By   /  Monday, August 10th, 2020  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Montecito Bank & Trust reports big quarter due to PPP loans

Montecito Bank & Trust’s total net income grew more than 15 percent in the second quarter, buoyed by increases in total assets, loan growth and deposit growth, the bank announced Aug. 10. Many of the bank’s key measures grew by leaps and bounds between June 30, 2019 and June 30, 2020. Montecito Bank & Trust’s Read More →

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Pandemic relief grants available for SLO businesses

By   /  Monday, August 10th, 2020  /  Central Coast, Latest news, Small Business, Tri-County Economy  /  Comments Off on Pandemic relief grants available for SLO businesses

A public-private partnership in San Luis Obispo began accepting applications Aug. 10 for $260,000 in small business relief grants. The money will go to 52 local businesses, with each one receiving $5,000, according to a city news release. The application period opens at 11 a.m. on Aug. 10 and will remain open until Aug. 24. Read More →

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Latest

Pandemic has silver lining for Trade Desk

By   /  Thursday, August 6th, 2020  /  Earnings, Latest news, Technology, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Pandemic has silver lining for Trade Desk

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PennyMac’s quarter to remember

By   /  Thursday, August 6th, 2020  /  Banking & Finance, Banking Industry, Earnings, East Ventura County, Real Estate, Top Stories, Top Story, Tri-County Economy, Tri-County Public Companies  /  Comments Off on PennyMac’s quarter to remember

With mortgage rates at record lows and the homebuying and refinancing markets booming, PennyMac Financial Services, a Westlake Village mortgage lender, and its real estate investment trust both reported strong financial results on Aug. 6. PennyMac Financial Services announced a net income of $352.7 million for the second quarter of 2020, or $4.39 per share, Read More →

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Latest

Inogen revenue falls, but Q2 earnings beat analyst estimates

By   /  Tuesday, August 4th, 2020  /  Central Coast Health Watch, Earnings, Latest news, South Coast, Technology, Tri-County Public Companies  /  Comments Off on Inogen revenue falls, but Q2 earnings beat analyst estimates

The COVID-19 pandemic continued to cut into Inogen’s revenue, as new physician referrals and patient mobility declined during a quarter usually marked by increased patient travel and demand. Revenue fell nearly 30 percent in the second quarter to $71.7 million, missing average analyst estimates, and net income of $2.7 million was down from $9.9 million Read More →

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