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QAD’s second-quarter profits drop despite record revenue

By   /  Wednesday, August 27th, 2014  /  Banking & Finance, Personal Finance, South Coast, Technology, Tri-County Economy  /  Comments Off on QAD’s second-quarter profits drop despite record revenue

Shares of Summerland-based business software firm QAD fell Aug. 27 on news that the company’s second-quarter profits dropped 24.2 percent to $985,000. QAD reported record revenues and higher operating income during the second quarter. Its total revenue climbed 12 percent to a second-quarter record of $73.1 million, it said, up from $65.2 million in the Read More →

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Santa Barbara chamber opposes anti-oil effort Measure P

By   /  Wednesday, August 27th, 2014  /  Central Coast, South Coast, Tri-County Economy  /  3 Comments

Proponents of Santa Barbara County’s Measure P, an anti-fracking measure that could also shut down conventional oil and gas production, suffered a setback on Aug. 27 when the largest South Coast chamber of commerce said it opposed the November ballot initiative. The Santa Barbara Region Chamber of Commerce said that its board voted to “urge Read More →

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Crunchies moves to block takeover bid with Chapter 11 filing

By   /  Tuesday, August 26th, 2014  /  East Ventura County, Latest news, Law & Goverment, Top Stories  /  Comments Off on Crunchies moves to block takeover bid with Chapter 11 filing

Westlake Village-based Crunchies Food Co. has filed for Chapter 11 bankruptcy protection, alleging that one of its largest vendors has attempted a hostile takeover of the fast-growing freeze-dried snacks maker.

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$10M Pismo Beach tract to be preserved

By   /  Tuesday, August 26th, 2014  /  Central Coast, Latest news, Real Estate, Tourism  /  Comments Off on $10M Pismo Beach tract to be preserved

The Land Conservancy of San Luis Obispo now has the funds to complete the purchase of the 900-acre Pismo Preserve thanks to an additional contribution from the County Board of Supervisors.

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50 Fastest-Growing Companies 2014 announced

By   /  Monday, August 25th, 2014  /  Central Coast, East Ventura County, Latest news, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on 50 Fastest-Growing Companies 2014 announced

Mindbody, ranked No. 11 on the Business Times' 50 Fastest-Growing Companies

Learn more about this year’s featured companies and the Sept. 18 awards event.

Latest

Venoco to sell Oxnard oil field for $200M

By   /  Friday, August 22nd, 2014  /  Latest news, Top Stories, West Ventura County  /  1 Comment

With revenue sagging and pressure mounting to reduce its debt load, Venoco has agreed to sell an oil field near Oxnard for $200 million.

Latest

IQMS readies for big leagues with first outside investment

By   /  Friday, August 22nd, 2014  /  Central Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on IQMS readies for big leagues with first outside investment

Paso Robles-based software firm IQMS has taken an outside investment for the first time in its 25-year history, raising an undisclosed sum from the same financiers who have backed Facebook, Expedia and Netflix. The company said Aug. 19 that Technology Crossover Ventures led the funding round with Banneker Partners participating. The terms of the deal Read More →