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Montecito Bank & Trust
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Xirrus raises $23.5M in new capital

By   /  Thursday, September 27th, 2012  /  Banking & Finance, Latest news, Technology  /  Comments Off on Xirrus raises $23.5M in new capital

Thousand Oaks-based wireless firm Xirrus has raised an additional $23.5 million in venture capital, bringing its total funding to an estimated $122 million. The lastest funding round was led by existing investors August Capital, Canaan Partners, InterWest Partners, QuestMark Partners and US Venture Partners. Xirrus makes heavy duty Wi-Fi systems designed to replace wired networks Read More →

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Westlake film makers bank on fraternity humor site

By   /  Friday, September 21st, 2012  /  Banking & Finance, Latest news, Small Business, Technology  /  Comments Off on Westlake film makers bank on fraternity humor site

Word, brah. A pair of Westlake Village film industry veterans are out to raise $3.5 million to make a motion picture based on Total Frat Move, a wildly popular website that chronicles, sometimes crassly but always humorously, Greek life on campus from the male viewpoint. The brand’s ultimate owners hope it will ultimately become a Read More →

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Dole sells canned food business to Itochu for $1.7B

By   /  Tuesday, September 18th, 2012  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on Dole sells canned food business to Itochu for $1.7B

Produce giant Dole Food Co. sold its worldwide canned food business to Japanese conglomerate Itochu Corp. on Tuesday, fetching $1.7 billion and marking the Westlake Village-based firm’s exit from Asia. Proceeds from the all-cash sale, the biggest in Dole history, will be used to pay down debt, Dole said. Tokyo-based Itochu now has exclusive rights Read More →

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Fardad draws $40M card in digital ad game

By   /  Friday, September 14th, 2012  /  Banking & Finance, Technology, Top Stories  /  Comments Off on Fardad draws $40M card in digital ad game

Farshad Fardad has raised $60 million and used $40 million of it to buy a Canadian firm in a bid to build a digital marketing conglomerate big enough to compete with the likes of ValueClick and the region’s other top names. Fardad is CEO of Westlake Village-based GlobalWide Media, founded in 2007. In May, the Read More →

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Dole nears deal with Itochu

By   /  Thursday, September 13th, 2012  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on Dole nears deal with Itochu

Westlake Village-based Dole Food Co. is closing in on a deal to sell its processed food business and Asian fresh fruit and vegetable businesses to a Japanese trading house. In an unusual move, Dole confirmed market rumors on Sept. 12 that it is in “advanced negotiations” with Itochu Corp. to sell the business units. Reuters Read More →

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Election spending could be windfall for Salem

By   /  Friday, September 7th, 2012  /  Banking & Finance, Top Stories, Tri-County Public Companies  /  Comments Off on Election spending could be windfall for Salem

By Julian Moore on Sept. 7, 2012 Camarillo-based media company Salem Communications, which serves up conservative political commentary on sites such as HotAir.com and dozens of talk radio stations across the country, is in a position to tap new revenue streams this election season. [wikichart align=”right” ticker=”NASDAQ:SALM” showannotations=”true” livequote=”true” startdate=”07-03-2012″ enddate=”07-09-2012″ width=”300″ height=”245″] Media experts Read More →

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TWIW creates CEO position to lead firm’s growth plans

By   /  Friday, September 7th, 2012  /  Banking & Finance, Top Stories  /  Comments Off on TWIW creates CEO position to lead firm’s growth plans

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