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Clipper sued for $60M amid layoffs

By   /  Thursday, September 6th, 2012  /  Banking & Finance, Latest news, Technology, Tri-County Economy  /  Comments Off on Clipper sued for $60M amid layoffs

Carpinteria-based Clipper Windpower faces a $60 million lawsuit from a wind farm developer shortly after it laid off 174 people. First Wind Energy, a Boston-based wind farm developer with projects in New York, Hawaii and several other states, filed suit on Sept. 4 in Santa Barbara County Superior Court. Most of the complaint is sealed. Read More →

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Region’s defense firms brace for $113M in cuts

By   /  Friday, August 31st, 2012  /  Technology, Top Stories, Tri-County Economy  /  Comments Off on Region’s defense firms brace for $113M in cuts

If a $55 billion cut to the U.S. defense budget takes effect on Jan. 2 as planned, small and mid-sized military contractors in the Tri-Counties stand to be hit the hardest by a $113 million reduction in the $1.2 billion that currently goes to defense spending in the region. The military cuts are part of Read More →

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BioIQ deal helps Cottage keep pulse on employee health

By   /  Friday, August 24th, 2012  /  Health Care & Life Science, Technology, Top Stories, Tri-County Economy  /  Comments Off on BioIQ deal helps Cottage keep pulse on employee health

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SLO dusts off final draft of economic growth plan

By   /  Friday, August 17th, 2012  /  Central Coast, Latest news, Tri-County Economy  /  Comments Off on SLO dusts off final draft of economic growth plan

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CKE chief: Corn, Obamacare scuttled IPO

By   /  Friday, August 17th, 2012  /  Banking & Finance, Top Stories, Tri-County Economy, Tri-County Public Companies  /  1 Comment

CKE Restaurants has pulled the plug on a deal that would have made it a public company again and raised as much as $213.3 million for the Carpinteria-based fast-food operator. All sides agree investors ultimately balked because of bad timing. But analysts also lay part of the blame on the heavy debt load CKE incurred Read More →

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200 area jobs in limbo as UTC dumps Clipper

By   /  Friday, August 17th, 2012  /  Technology, Top Stories, Tri-County Economy  /  Comments Off on 200 area jobs in limbo as UTC dumps Clipper

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Marriotts hope to leave troubles behind under new ownership

By   /  Friday, August 17th, 2012  /  Banking & Finance, Real Estate, Top Stories, Tourism, Tri-County Economy  /  Comments Off on Marriotts hope to leave troubles behind under new ownership

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