Staff Report | Tuesday, April 1st, 2014
Updated: Select Staffing files pre-packaged Ch. 11 bankruptcy
Banking & Finance, South Coast, Top StoriesThe Select Staffing Family of Companies, the Santa Barbara-based staffing services giant, filed a pre-packaged Chapter 11 bankruptcy on April 1 listing between $50 million and $100 million in debts and $100 million to $500 million in assets.
Staff Report | Monday, March 31st, 2014
Vandenberg apartments sell in Lompoc area’s largest deal in 3 years
Central Coast, Latest news, Real Estate, Top Stories, Tri-County EconomyA 122-unit apartment complex near Vandenberg Air Force Base in Lompoc has been sold after listing for $14 million. The sale of the Vandenberg Garden Apartments marks the largest sale of multifamily property in north Santa Barbara County since La Vista in Santa Maria changed hands in 2011 for $42 million, according to Radius Read More →
Staff Report | Monday, March 31st, 2014
Whole Foods buys New Frontiers in SLO for first Central Coast store
Central Coast, Real Estate, Top Stories, Tri-County EconomyGrocery giant Whole Foods Market has purchased the New Frontiers Natural Marketplace in San Luis Obispo, setting the stage for its first Central Coast store. Austin-based Whole Foods announced on March 31 that it has purchased the New Frontiers stores in San Luis Obispo and in Flagstaff, Prescott and Sedona, Ariz. Terms of the Read More →
Staff Report | Friday, March 28th, 2014
Reason study: Taxpayers would save $460M with pension overhaul
East Ventura County, Top Stories, Tri-County Economy, West Ventura CountyA proposal to change Ventura County’s public-employee pension system from a defined-benefit to a 401(k)-style system would save taxpayers $5.4 million in cash flow over the first two years and $51.6 million in cumulative savings over five years of reform, according to a study by the Los Angeles-based Reason Foundation, a libertarian think tank. The Read More →
Staff Report | Friday, March 28th, 2014
Inogen swings to $18.2M profit in 2013
Banking & Finance, Earnings, South Coast, Technology, Top Stories, Tri-County Public CompaniesMedical device maker Inogen notched $18.2 million in profits, or $1.10 per diluted share, on $75.4 million in revenue last year, the Goleta firm said in its first earnings report as a public company.
Staff Report | Friday, March 28th, 2014
2014 class of Top Women in Business announced
Special Sections, Top Stories, Women Inc.This special section honors 50 women business leaders in the Tri-Counties. In addition, we’ve profiled our awards reception keynote speaker: Zhena Muzyka, founder of Zhena’s Gypsy Tea.
Staff Report | Thursday, March 27th, 2014
Baxter BioScience to be spun out
East Ventura County, Technology, Top Stories, Tri-County EconomyBaxter International, an Illinois company that is a major employer in the Conejo Valley, is planning to split itself into two companies.