Edison turns to UCSB for advice on lines
Overhead power distribution lines are better for the environment than their underground counterparts. That’s the general conclusion reached by a group of environmental science and management graduate students at the University of California, Santa Barbara, and Southern California Edison. The project and its conclusions are important because SCE is predicted to expand fast. The company Read More →
What did Mozilo know? When did he know it?
Countrywide Financial Corp.’s name is headed into the sunset, signaling that the once-formidable mortgage giant is now safely tucked into the Bank of America family of product lines. But there’s still plenty of reason to believe that Countrywide and its once high-flying founder-CEO Angelo Mozilo will remain in the headlines. For one thing, it’s clear Read More →
Togetherness, Ventura-style
Ventura County has taken a bold step in addressing the dire financial straits facing thousands of families in our region. The county’s United Way organization, its Community Foundation and others have founded “Ventura County Together,” a relief effort focused on food, shelter and access to health care. In just one example provided by Dave Smith Read More →
Dole suit dismissed
A Los Angeles Superior Court Judge tossed out two remaining lawsuits April 23 brought by Nicaraguan plaintiffs against Westlake Village-based Dole Food Co. and two other companies. The decision was made in response to evidence that the plaintiffs — and some of their attorneys — fabricated their claims, engaged in a long-running conspiracy to commit Read More →
Levee gets repair funding
Congresswoman Lois Capps, D-Santa Barbara, announced on April 28 that the Army Corps of Engineers will grant $40.2 million in federal funding to repair the Santa Maria River Levee. The funding is being made available as part of the American Recovery and Reinvestment Act, which Congress passed earlier this year. The funds come after years Read More →
Cruise ships come to SB
The Princess Cruise Lines Sapphire Princess and Star Princess are skipping Cinco de Mayo in Mexico because of the swine flue outbreak and will instead visit Santa Barbara May 2, 3 and 10 as an alternative port stop. Santa Barbara Harbor has, on average, one or two cruise ship visits per year. The sister cruise Read More →
Pacific Capital reports $7.9M net loss in Q1
Pacific Capital Bancorp, parent company of Santa Barbara Bank & Trust and the largest banking company in the Tri-Counties, said April 30 that it saw a net loss of $7.9 million, or 17 cents per diluted share, in the first quarter of 2009. In the same period last year, the company raked in a profit Read More →
