Qualstar cuts jobs amid $4.1M loss
Simi Valley-based Qualstar, a maker of tape-based hard-drive backups and power supplies, has laid off 13 percent of its workforce. The company said the employees were related to unprofitable technologies that it is phasing out, and the move is expected to save the company about $480,00 a year. The announcement came days after Qualstar said Read More →
VW unveils $27M testing facility in Oxnard
Volkswagen Group of America took the wraps off a testing center in Oxnard on Aug. 20, unveiling a facility that will help the automaker meet tough new California emissions standards as it tries to expand its brands in the U.S. The 64,000-square-foot facility cost the German company $27 million, replaces an older Westlake Village location Read More →
SLO dusts off final draft of economic growth plan
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School officials say Cuesta is working through its problems
“We have a new dynamic in terms of getting things done.”
Oxnard Marriott sold for $11.4M
Nearly two years after a court appointed a receiver to take control of the Courtyard by Marriott in Oxnard after it was foreclosed upon, the hotel has been sold for $11.4 million. HREC Investment Advisors, a hospitality real estate advisory firm based in Denver and Los Angeles, arranged the sale of the 166-room hotel. The Read More →
UTC unloads Clipper to private equity firm
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TOLD Corp. founder Jack Gilbert dies
Ventura County business leader and philanthropist Jack Gilbert has died. He was 91. In 2010, Gilbert was an inaugural member of the Pacific Coast Business Times’ Business Hall of Fame, an honor which recognized him for his role as a developer in Ventura County and for his part in leading Thousand Oaks’ emergence as a Read More →
