Cottage, CSUCI announce new nursing program
Latest newsSanta Barbara County’s first program to offer bachelor’s degrees in nursing will open in 2012 under the leadership of CSU Channel Islands and Cottage Health System, university and hospital officials announced July 9. The program will be in a facility next to Goleta Valley Cottage Hospital, one of three Cottage hospitals in Santa Barbara County. Read More →
Final mortgage fraud suspect arrested
Latest newsFederal agents have arrested the 14th and final person charged with mortgage-related fraud in two cases in Ventura County, the Ventura County Star reported. The first 13 were arrested June 16, but the 14th, Richard Ceniseroz of Oxnard, was traveling abroad at the time. He was arrested later and arraigned on June 28.
Eucalyptus Systems raises $20 million
Latest newsIn one of the largest technology deals of recent years, Santa Barbara-based cloud computing software firm Eucalyptus Systems raised $20 million in venture capital on July 1 from a group led by Menlo Park-based New Enterprise Associates. With the deal, Eucalyptus has raised $25.5 million since launching last year. Earlier this year, the firm brought Read More →
CKE shareholders approve buyout
Latest newsCarpinteria-based CKE Restaurants said June 30 that 76 percent of its shareholders approved a $649 million cash acquisition by an affiliate of New York-based private equity firm Apollo Management. Shareholder approval was one of the final steps CKE, the parent company of Carl’s Jr. and Hardee’s fast food restaurants, needed to secure the deal, which Read More →
Pacific Capital extends bondholder deadline
Latest newsIn a sign that Pacific Capital Bancorp’s bondholders may play hardball as it tries to pull together a crucial $500 million rescue deal, the banking company said June 30 that it has again extended the deadline for its debt securities to be cashed in. Bondholders of just $68 million of outstanding debt have turned in Read More →
Watkins: California recovery will be soft
Latest newsDon’t get too excited about those little signs of economic recovery, California Lutheran University economist Bill Watkins said June 29 in his latest state and federal economic forecast presentation. The recovery will be “soft,” especially in California, and there’s a “pretty high” chance of a double-dip recession, Watkins said during the unveiling of the CLU Read More →
Hearst buys Paso meat company
Latest newsThe Hearst Corp. announced June 9 that it has purchased the former Paso Robles Meat & Sausage Co. out of bankruptcy. The meat processing facility had been in receivership since June 2009 and was closed by a federal bankruptcy court in March, Hearst said. Hearst said it will lease the plant to Kaney Foods, which Read More →
