Mission Community buys Santa Lucia
Mission Community Bank said Oct. 24 that it acquired Santa Lucia Bank, doubling the San Luis Obispo-based bank’s size and kicking off its effort to consolidate smaller lenders along the Central Coast. The previously announced deal closed Oct. 21, Mission said. Although it did not confirm the deal price in its announcement, Mission’s top executive Read More →
‘Planet Money’ comes to UCSB
When you speak the language of economics and finance every day, it’s easy to forget that to your non-business-class friends and family, you might as well be speaking Greek. Coming to your rescue is Planet Money, National Public Radio’s team of economic translators, which will present at UC Santa Barbara on Wednesday, Oct. 26. The Read More →
Economists: Trade with Asia, steer clear of Europe
Steer clear of struggling Western economies and look to thriving Eastern markets. That was the advice from economist Sung Won Sohn to local business leaders at an Oct. 20 event in Santa Barbara. Sohn, a former Wells Fargo economist who now heads the Institute for Global Economic Research at CSU Channel Islands in Camarillo, and Read More →
Amgen to lay off 226 in Thousand Oaks
[wikichart align=”right” ticker=”NASDAQ:AMGN” showannotations=”true” livequote=”true” startdate=”19-04-2011″ enddate=”19-10-2011″ width=”300″ height=”245″] Thousand Oaks-based Amgen is laying off 226 people at its headquarters as part of a restructuring of its research operations. Worldwide, the R&D shakeup will affect 380 staff members, but the company’s headquarters are bearing the brunt of the cuts. The company said the layoffs are Read More →
Ryland calls the movers: Homebuilder plants headquarters in Westlake Village
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Santa Barbara software fishes for high-frequency trades
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Power-One docks outlook on Eurozone austerity
Power products company Power-One slashed its third-quarter outlook Oct. 11, causing stocks to sink 3.8 percent in after-hours trading. The Camarillo-based firm cut its outlook for third-quarter sales to the $240 million to $245 million range, down from its previous outlook of $265 million to $280 million. It said power conversion revenue was down about Read More →
