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By Pacific Coast Business Times Staff / Monday, October 19th, 2009 / Uncategorized / Comments Off on Power-Save raises eyebrows with the SEC
San Luis Obispo-based Power-Save Energy Corp. posted some big revenue gains over the past two years, but financial observers and the Securities and Exchange Commission have criticized the firm for non-existent internal financial controls. Power-Save’s stock has also lost more than 90 percent of its value in recent months, and the firm was ordered to Read More →
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By Pacific Coast Business Times Staff / Monday, October 19th, 2009 / Uncategorized / Comments Off on Defense firms draw jobs
Defense and space contractors are adding scores of jobs and thousands of square feet of production space on the South Coast. In the midst of a down economy, the tri-county divisions of defense giants Raytheon and Alliant Techsystems, or ATK, are hiring for engineering and other high-paying positions and breaking ground on new facilities that Read More →
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By Pacific Coast Business Times Staff / Monday, October 19th, 2009 / Opinion / Comments Off on Constitutional convention would come with its risks
When it comes to cleaning up the fiscal mess that goes by the name “California,” there’s no shortage of proposed solutions. Two very different approaches were the subject of the Ventura County Economic Development Association’s 2009 Outlook Conference. Solution one is a series of targeted, single-purpose ballot initiatives aimed at ending the annual budget gridlock Read More →
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By Pacific Coast Business Times Staff / Monday, October 19th, 2009 / Opinion / Comments Off on OCC shows it lacks transparency
We were disappointed to learn that a representative of the Office of the Comptroller of the Currency backed out of a recent speaking engagement at Coastal Business Finance, the Santa Maria-based leader in small business finance. Such a talk might have done a lot to help bankers and borrowers meet face-to-face with one of the Read More →
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By Pacific Coast Business Times Staff / Monday, October 19th, 2009 / Top Stories / Comments Off on Thousand Oaks builder counts on tech
The past year nearly demolished some construction firms in the Tri-Counties, but one Thousand Oaks general contractor that carved out a niche building laboratories and other high-end projects has eked out gains. Wesely-Thomas Enterprises has built or remodeled for Amgen, Teledyne Technologies and facilities for California Lutheran University in Thousand Oaks, among other tri-county clients. Read More →
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By Pacific Coast Business Times Staff / Monday, October 19th, 2009 / Top Stories / Comments Off on Debt burdens weigh on Affinity Group
The August collapse of Ventura-based Affinity Bank appears to be just one blow in a string of troubles for its owner, Stephen Adams, whose highly leveraged business empire faces more than $746 million in debt payments in coming years. The Montecito businessman and philanthropist controls Ventura-based Affinity Group, a media and direct-marketing firm that targets Read More →
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By Pacific Coast Business Times Staff / Monday, October 19th, 2009 / Top Stories / Comments Off on Microsoft
With Windows 7 slated for release Oct. 22, information technology firms around the Tri-Counties are gearing up for a flurry of new installations and breathing a sigh of relief that they finally have a decent Microsoft operating system to sell. Whether they have a financial incentive to brag on it or not, all of the Read More →
