Fire singes sales for Santa Barbara businesses
Latest newsSales dropped sharply for dozens of Santa Barbara’s small businesses as smoke and ash from the Jesusita Fire swirled through the city for a third day May 7. A few shops located near the blaze soldiered on as city officials pondered how small businesses already coping with a weak economy would survive the latest natural Read More →
Fire delays Apple store
Latest newsApple will open its first store in Santa Barbara at 10 a.m. May 16 after the Jesusita Fire pushed its grand opening back one week. The store at 928 State St. sat a few blocks from an evacuation warning area for several days as flames burned in the foothills above downtown Santa Barbara. It was Read More →
Jesusita Fire 95 percent contained
Latest newsThe Jesusita Fire, which has burned more than 13 square miles, is 95 percent contained, officials announced May 15. All evacuation orders and warnings have been lifted. Fire investigators announced May 10 that power tool equipment used to clear vegetation likely sparked the blaze May 5. Officials have confirmed that the fire destroyed 80 homes Read More →
Ventura's Pierpont Inn sold to investment group
Latest newsAfter a proposed deal fell through a year ago, the Pierpont Inn in Ventura has been sold to a group of investors. The Pierpont Inn said April 17 that it had been acquired by Pierpont Group LLC. Last March, the hotel’s owner – Central Coast Management – tried to engineer a sale to an investment Read More →
Vitesse cuts 60 jobs
Latest newsVitesse Semiconductor Corp. is laying off about 60 of its roughly 500 employees, the company said in a release. The Camarillo company makes high-speed semiconductors for networks. It said the cut of 12 percent of its global workforce is designed to reduce operating expenses. “While we do see a few positive indicators in the market, Read More →
Long term, budget deal could fall short
Latest newsCalifornia’s newly minted budget compromise is a step toward resolving the current gridlock, but it may not fix problems for the longer haul, warned Sacramento Bee columnist Dan Walters. Speaking at the University of California, Santa Barbara, Economic Forecast Project’s Ventura County forecast in Thousand Oaks on Feb. 19, Walters said that when the full Read More →
Madoff meltdown hits tri-county investors
Latest newsSeveral tri-county investors are listed on the just-revealed client list of Bernard Madoff, the man whose alleged Ponzi scheme may have bilked investors out of $50 billion. The list came in filings made in bankruptcy proceedings for Bernard L. Madoff Investment Securities LLC in U.S. Bankruptcy Court in New York. Most of the investors on Read More →
