Special Devices files for Chapter 11
Moorpark-based Special Devices said Dec. 15 that it has filed for protection under Chapter 11 of the federal bankruptcy code in a Delaware court. Special Devices is one of the largest manufacturers of triggers for airbags used in the automotive sector, among others. The pyrotechnics company is believed to be one of the largest privately-owned Read More →
Ready, set, go for Miramar
When dirt starts to move on the Miramar Hotel project in Montecito next year, the region’s newest resort will help usher in a new era in hospitality products — smaller, niche-oriented properties that are priced for a wide range of budgets. The Miramar, along with Fess Parker’s Waterfront property, which is now under construction on Read More →
Ampersand Publishing makes more staff cuts
The parent company of the Santa Barbara News-Press said Dec. 3 that it is eliminating 17 positions and consolidating operations of two other publications it owns. Ampersand Publishing LLC, which owns the News-Press and other publications, said that its Valley Living and Goleta Valley Voice editions will be “incorporated into the daily pages” of the Read More →
Johnson & Johnson acquires Mentor for $1.07B
One of the Tri-Counties’ largest public companies, Mentor Corp., was acquired by Johnson & Johnson Dec. 1 for about $1.07 billion. Under the terms of the agreement, Johnson & Johnson will start a tender offer to purchase all shares of Mentor at $31 – nearly double Mentor’s Nov. 28 closing price of $16.15. Santa Barbara-based Read More →
American Airlines, Delta cut SLO flights
American Airlines and Delta announced this week that they are cutting all flights from San Luis Obispo County Regional Airport. American will also close a maintenance base there for its American Eagle operation. American Eagle currently operates four daily departures from the airport. The move will eliminiate about 100 jobs as the nation’s largest air Read More →
