Port revenues down, imports struggling
By Pacific Coast Business Times Staff / Monday, July 12th, 2010 / Top Stories / Comments Off on Port revenues down, imports struggling
The Port of Hueneme expects a net loss of $1.2 million for the fiscal year ended June 30, and port officials are tightening operations in anticipation of a $2.3 million loss in 2011. The only deep-water port between Los Angeles and the San Francisco Bay Area, the Port of Hueneme is a key landing point Read More →
Layoffs, budget cuts hit cities, counties
By Pacific Coast Business Times Staff / Monday, July 5th, 2010 / Top Stories / Comments Off on Layoffs, budget cuts hit cities, counties
In what’s become an annual blood-letting ritual in California, local governments in the Tri-Counties passed budgets for the new fiscal year that add up to tens of millions of dollars in spending cuts and dozens of lost jobs. A survey by the Business Times of the three county governments and the 25 cities in the Read More →
Financial planner faces lawsuits
By Pacific Coast Business Times Staff / Monday, July 5th, 2010 / Top Stories / Comments Off on Financial planner faces lawsuits
Ian Filippini, the young president of Montecito-based Filippini Financial Group, filed for personal bankruptcy in April, listing $4.4 million in liabilities. Along with his firm, he faces five civil lawsuits asking for more than $3 million in damages. Filippini’s legal troubles come just a year after formally taking the family firm over from his Read More →
A bright future: SLO solar firm sees big growth ahead
By Pacific Coast Business Times Staff / Monday, July 5th, 2010 / Top Stories / Comments Off on A bright future: SLO solar firm sees big growth ahead
In four years, San Luis Obispo-based Mainstream Energy Corp. has grown from a head count of fewer than 100 employees to nearly 600 employees and $150 million in annual sales. It recently signed on Kam Mofid, a veteran of large firms such as Teleflex, Pratt & Whitney and General Motors, as president to expand the Read More →
Commercial foreclosures pile up in Ventura County
By Pacific Coast Business Times Staff / Monday, June 28th, 2010 / Top Stories / Comments Off on Commercial foreclosures pile up in Ventura County
As multimillion-dollar foreclosures continue to hit Ventura County, commercial real estate insiders and observers are worried that the pain in the market is a long way from over. “We have a recovery in place, but it’s a very, very slow and weak recovery,” said Kirk Lesh, the senior real estate economist at California Lutheran University Read More →
Summer ales: Breweries in season in Santa Ynez Valley
By Pacific Coast Business Times Staff / Monday, June 28th, 2010 / Top Stories / Comments Off on Summer ales: Breweries in season in Santa Ynez Valley
A craft beer movement is brewing in the heart of Santa Barbara County’s wine country. By the end of summer, the Santa Ynez Valley — on the national radar as prime California wine country since the 2004 film “Sideways” — will have two companies brewing beer in hand-crafted batches. Figueroa Mountain Brewing Co. is retrofitting Read More →
Robert Caron, investor and attorney, dies at 52
By Tony Biasotti / Friday, June 25th, 2010 / Top Stories / Comments Off on Robert Caron, investor and attorney, dies at 52
Robert Troy “Bobby” Caron, a Camarillo lawyer and investor who was awaiting trial on fraud charges, died June 17 after fighting brain cancer for seven years. He was 52. At various times in his career, Caron was a personal injury lawyer, a sports agent, a lawyer and adviser to boxer Fernando Vargas, a strawberry investor Read More →
