Murdock completes buyout of Dole Food Co.
Dole Food Co. CEO and Chairman David Murdock has completed a buyout of the company, a deal that takes the Westlake Village-based produce giant private and values it at $1.6 billion.
The merger was approved by shareholders on Oct. 31, the company said. Dole shares will cease trading on the New York Stock Exchange at the close of business on Nov. 1.
Santa Barbara flights restarted after LAX shooting
UPDATE: Santa Barbara Airport officials said United Airlines flights connecting through Los Angeles International Airport were no longer grounded as of 2 p.m. on Nov. 1. However, they still asked passengers to contact their airlines for questions about disruptions. Earlier Story: All United Airlines flights between the Santa Barbara Airport and Los Angeles International Airport Read More →
With merger and TechPitch win, SLO’s startups are on the fast track
In the past couple of weeks, Alex Minicucci has successfully merged his fast-growing mobile marketing company with a publicly traded firm out of Iowa. Meanwhile, an entrepreneurial emergency room doctor from Nipomo came up a with a brilliantly simple solution for holding an iPad one handed that swept the most comprehensive tech pitch night on the Central Coast to date.
On a 40-year roll: P&G paper plants set to mark milestone in Oxnard
Procter & Gamble will celebrate the 40th anniversary of its Family Care Plant in Oxnard this month, a remarkable milestone when viewed against the decline in manufacturing jobs in California and across the nation. The Oxnard plant makes Bounty paper towels and Charmin toilet tissue in huge quantities that supply California and parts of the western U.S.
Refinery rail project would ease crude oil supply concerns
A Phillips 66 refinery on the Nipomo Mesa is hoping to supplement its dwindling inflow of California crude by extending a rail spur that will allow it to import oil from out of state.
The refinery — tucked away off of Highway 1 in South San Luis Obispo County — is a little-known yet critical part of the Golden State’s petroleum infrastructure. It processes the state’s heavy, sour crude into semi-refined products that flow through 200 miles of pipeline to Conoco’s 128,000-barrel-a-day facility in Rodeo in the Bay Area, where it is turned into gasoline.
