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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By Stephen Nellis / Monday, August 13th, 2012 / Technology, Top Stories / Comments Off on Connexity powers up for profitability with new funds
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Santa Barbara hotelier Patrick Nesbitt has placed a portfolio of eight Embassy Suites hotels into Chapter 11 bankruptcy, listing at least $100 million in debts. The bankruptcy filing, which gives Nesbitt’s companies protection from creditors while they restructure their debts, arises from a dispute with a lender over a $187.5 million loan used to refinance Read More →
He had an engaging smile, an independent streak and a willingness to stand up for what he thought was right. John B. “Jack” Gilbert brought a level of confidence and charm to everything he did, whether it was running a public company, building a real estate empire or engaging in philanthropy. That’s how the longtime Read More →
Ventura-based Clean Diesel Technologies is gearing up for the first big test of whether its merger strategy will pay off. The clean tech emissions control company said July 30 that it won a contract to supply catalyst coatings for four- and six-cylinder Honda Accords, some of the best-selling car models in North America. The next Read More →
