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By Staff Report / Thursday, August 28th, 2014 / Central Coast, East Ventura County, Real Estate, South Coast, Technology, Top Stories, West Ventura County / Comments Off on Stantec to buy tri-county engineering firm Penfield & Smith
Stantec, a large publicly traded design and consulting company, is acquiring Santa Barbara-based engineering firm Penfield & Smith. Terms of the deal, expected to close in October, were not disclosed. Penfield & Smith has regional offices in Santa Barbara, Camarillo and Santa Maria. The company had revenue of $16 million last year, according to Business Read More →
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By Staff Report / 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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By Staff Report / 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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By Marlize van Romburgh / 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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By Elijah Brumback / 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.