San Luis Obispo-based SMS Masterminds has raised $12.2 million through its parent company and will soon bring a new public company headquarters to the Central Coast.
A Ventura-based surgical products company won a $30 million jury verdict today in a trademark infringement lawsuit. The verdict is the second attempt at a decision for Neurovision Medical Products, which sued San Diego-based medical device firm NuVasive in 2009. Neurovision alleged that NuVasive willfully infringed on the Ventura company’s “Neurovision” trademark. A jury in Read More →
The Asian citrus psyllid, a tiny pest that spreads a disease fatal to citrus trees, has been discovered in San Luis Obispo County for the first time. The bug was found in an insect trap at a home near Arroyo Grande, the San Luis Obispo County Department of Agriculture said on April 1, prompting agricultural Read More →
The Select Staffing Family of Companies, the Santa Barbara-based staffing services giant, filed a pre-packaged Chapter 11 bankruptcy on April 1 listing between $50 million and $100 million in debts and $100 million to $500 million in assets.
A 122-unit apartment complex near Vandenberg Air Force Base in Lompoc has been sold after listing for $14 million. The sale of the Vandenberg Garden Apartments marks the largest sale of multifamily property in north Santa Barbara County since La Vista in Santa Maria changed hands in 2011 for $42 million, according to Radius Read More →
Grocery giant Whole Foods Market has purchased the New Frontiers Natural Marketplace in San Luis Obispo, setting the stage for its first Central Coast store. Austin-based Whole Foods announced on March 31 that it has purchased the New Frontiers stores in San Luis Obispo and in Flagstaff, Prescott and Sedona, Ariz. Terms of the Read More →
A proposal to change Ventura County’s public-employee pension system from a defined-benefit to a 401(k)-style system would save taxpayers $5.4 million in cash flow over the first two years and $51.6 million in cumulative savings over five years of reform, according to a study by the Los Angeles-based Reason Foundation, a libertarian think tank. The Read More →
