Products power Semtech growth
By Pacific Coast Business Times Staff / Monday, March 22nd, 2010 / Top Stories / Comments Off on Products power Semtech growth
Camarillo chipmaker Semtech Corp.’s $180 million, all-cash acquisition of an Orange County firm is paying off with profits and a new product mix analysts say sets the semiconductor company up for steady, high-margin growth in coming years. In December, Semtech, which has a market capitalization of about $1.1 billion and makes chips for consumer products Read More →
Storm water rules go back for revision
By Stephen Nellis / Monday, March 22nd, 2010 / Top Stories / Comments Off on Storm water rules go back for revision
Bowing to protests from builders and property owners, state water regulators have reopened the debate on new stormwater rules that could substantially increase the cost of new commercial construction in Ventura County for decades to come. On March 11, the Los Angeles Water Board agreed to a request from state regulators to hold a new Read More →
Heritage Oaks gets $60M
By Pacific Coast Business Times Staff / Monday, March 15th, 2010 / Top Stories / Comments Off on Heritage Oaks gets $60M
Forty-eight hours after the release of a memorandum of understanding with regulators, Paso Robles-based Heritage Oaks Bank slammed the door on further proceedings when it announced it was raising $60 million in new securities. The infusion of preferred and convertible stock will make Heritage Oaks, with $947 million in assets, one of the best-capitalized banks Read More →
Bound for China
By Pacific Coast Business Times Staff / Monday, March 15th, 2010 / Top Stories / Comments Off on Bound for China
While the U.S. auto industry recovers from dismal domestic sales in 2009, thousands of American-made vehicles are flowing through the Port of Hueneme each month bound for a booming Chinese market. The cars are being made in the Midwest, shipped by rail to Southern California and trucked to the port. From there, they go to Read More →
Tech firms fight for Silicon Valley flights
By Pacific Coast Business Times Staff / Monday, March 15th, 2010 / Top Stories / Comments Off on Tech firms fight for Silicon Valley flights
South Coast technology companies are urging a regional airline to reconsider its move to cancel the only direct route between Santa Barbara and the Silicon Valley. In late February, SkyWest, the regional airline that operates United Airlines’ Santa Barbara service, said it will quit flying to San Jose in June. Santa Barbara tech firms with Read More →
The Paredon paradox
By Pacific Coast Business Times Staff / Monday, March 8th, 2010 / Top Stories / Comments Off on The Paredon paradox
When the profits and politics of oil collide in a small town, it puts business owners in a sticky spot. In June, the voters of Carpinteria, a seaside town of 14,200, will decide whether to allow Denver-based Venoco to drill an offshore oil lease from a 175-foot onshore rig concealed in a lighthouse façade. After Read More →
CKE to go private, stay local
By Pacific Coast Business Times Staff / Monday, March 8th, 2010 / Top Stories / Comments Off on CKE to go private, stay local
Though it’s going private, CKE Restaurants is hinting that it plans to stay on the South Coast. Carpinteria-based CKE, the parent company of Carl’s Jr. and Hardee’s fast-food chains, agreed on Feb. 26 to a buyout by a Boston-based private equity firm for $928 million in cash and the assumption of $309 million in net Read More →
