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Get a move on: StartupWeekend winner taps sharing economy for moving

By   /  Friday, June 6th, 2014  /  Small Business, South Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on Get a move on: StartupWeekend winner taps sharing economy for moving

Moving is never fun, but a Santa Barbara startup is hoping to make it a little less stressful by connecting people who need to move with nearby truck owners looking to earn extra money. NextMover bills its service, which launched earlier this year, as “your friend with a truck.”

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Tri-county energy firms: our Monterey shale will pay off

By   /  Friday, June 6th, 2014  /  Central Coast, Latest news, Top Stories, Tri-County Economy  /  Comments Off on Tri-county energy firms: our Monterey shale will pay off

Federal officials have slashed their estimate for how much oil is held in California’s Monterey shale by 96 percent, but energy companies working in the Tri-Counties say they have no plans to abandon their efforts in the long-producing formation or its rising competitor, the diatomite.

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Amgen to cut 70 jobs

By   /  Thursday, June 5th, 2014  /  East Ventura County, Health Care & Life Science, Latest news, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  2 Comments

Thousand Oaks-based Amgen plans to lay off 70 people, primarily in its information systems department at its headquarters.

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Calavo shares rally on record Q2 profits

By   /  Monday, June 2nd, 2014  /  Agribusiness, Banking & Finance, East Ventura County, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Calavo shares rally on record Q2 profits

Shares of produce marketer Calavo Growers surged more than 7 percent in midday trading on Monday as the firm’s second-quarter profits surged 205 percent to $6.7 million, setting a quarterly earnings record.

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FindTheBest wins patent battle costs

By   /  Monday, June 2nd, 2014  /  Law & Goverment, South Coast, Technology, Tri-County Economy  /  Comments Off on FindTheBest wins patent battle costs

Summerland-based FindTheBest has won what a federal judge called a “frivolous” and “objectively unreasonable” patent lawsuit against it and will recoup its costs from its opponent. Last summer, Delaware-based Lumen View Technology sued FindTheBest over a patent on matching user preference data. That patent was invalidated late last year, and Judge Denise Cote ruled on Read More →

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QAD shares soar on narrower Q1 loss

By   /  Friday, May 30th, 2014  /  Banking & Finance, South Coast, Technology, Tri-County Public Companies  /  Comments Off on QAD shares soar on narrower Q1 loss

Shares of software firm QAD shot up almost 7 percent in midday trading on Friday after the company reported a smaller first-quarter loss. Santa Barbara-based QAD posted a quarterly loss of $76,000, or 1 cent per Class A share and break-even for Class B shares, compared to a loss of $1.3 million a year earlier. Read More →

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Isla Vista tragedy shows the dark side of paradise

By   /  Friday, May 30th, 2014  /  South Coast, Top Stories, Tri-County Economy  /  Comments Off on Isla Vista tragedy shows the dark side of paradise

The densely packed student community has been rocked by two high-profile gang rapes, drunken riots quelled with tear gas and, on May 23, a bloody killing rampage that killed six innocent people and injured 13 others.