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By Pacific Coast Business Times Staff / Monday, September 14th, 2009 / Top Stories / Comments Off on Carpinteria device firm gets big bucks
In the biggest single round of venture capital financing announced this year in the Tri-Counties, Carpinteria-based medical device maker ValenTx raised $22 million Sept. 8. Founded in 2002 and operating quietly until now, the company is testing out a treatment for morbid obesity, a condition in which patients are typically overweight by more than 100 Read More →
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By Pacific Coast Business Times Staff / Monday, September 14th, 2009 / Top Stories / Comments Off on BuenaVentura
When Banco BuenaVentura was rolled out in Oxnard less than a year ago, it catered almost exclusively to the area’s Hispanic community. But in light of its upcoming Sept. 21 closure, some are left wondering if the niche bank’s business plan is to blame for its collapse. The bank had a very clear goal when Read More →
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By Pacific Coast Business Times Staff / Monday, September 14th, 2009 / Top Stories / Comments Off on $22M bankruptcy spotlights Montecito
A year after the worst market quake since the Great Depression, aftershocks from the credit crunch are rumbling through Montecito’s upper crust. Patricia Klink filed for Chapter 11 bankruptcy protection Aug. 17 with $29.3 million in assets and $22.2 million in liabilities. She is the wife of John Klink, a longtime high-level Vatican adviser whose anti-abortion Read More →
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By Pacific Coast Business Times Staff / Monday, September 14th, 2009 / Columns / Comments Off on South Coast needs a path for recovery
Up until the crash in the global financial markets last September, it looked like the South Coast region of the Tri-Counties would escape the recession largely unscathed. That turns out not to have been the case. And now the stretch of coast from Carpinteria to Goleta is in danger of losing its status as Read More →
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By Pacific Coast Business Times Staff / Monday, September 14th, 2009 / Uncategorized / Comments Off on Region loses reputation as safe haven for jobs
The Tri-Counties have historically faired well in bad times, but the latest unemployment figures released by the U.S. Labor Department show that California’s budget woes and the nationwide recession may have finally begun to catch up to the region. While the highest unemployment rate in the Tri-Counties is in Ventura County, Santa Barbara and San Read More →
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By Pacific Coast Business Times Staff / Monday, September 14th, 2009 / Personal Finance / Comments Off on Tuning in profits
The raucous public debate over health care reform has given shares of Camarillo-based Salem Communications a healthy 375 percent boost. Salem owns a nationwide network of Christian and conservative talk radio stations. Opponents of health care reform have spent millions to get their message out to just such an audience, and investors seem to think Salem Read More →
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By Pacific Coast Business Times Staff / Monday, September 14th, 2009 / Columns / Comments Off on San Luis Obispo holds its own in commercial real estate market
While San Luis Obispo was busy weighing the pros and cons of a possible Target or an Ernie Dalidio development, Lee & Associates released its commercial real estate update, which showed that vacancy is actually down 33 percent from a year ago. The commercial vacancy rate for San Luis Obispo County is relatively small at Read More →
