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 →
Partners part ways at Moorpark studio
By Pacific Coast Business Times Staff / Monday, March 8th, 2010 / Top Stories / Comments Off on Partners part ways at Moorpark studio
Moorpark’s proposed $125 million soundstage is still in development, but its major roles are being recast. Commonwealth Studios, set to be the largest independent soundstage in the country, is shuffling some of its key players. City officials said the development team seems to have parted ways in recent weeks, but the project itself is still Read More →
Help on way for Ventura Co. factories
By Pacific Coast Business Times Staff / Monday, March 1st, 2010 / Top Stories / Comments Off on Help on way for Ventura Co. factories
As forecasters note the resilience and productivity of Ventura County’s manufacturing sector, economic development officials are reaching out to more than 1,000 manufacturers in the county to offer consulting services, help accessing loans and money to train and retain workers. Despite losing 6,400 jobs since Ventura County employment peaked in 2006, manufacturing remains the county’s Read More →
California Oaks State Bank hopes for $100M
By Pacific Coast Business Times Staff / Monday, March 1st, 2010 / Top Stories / Comments Off on California Oaks State Bank hopes for $100M
Editor’s note: An earlier version of this article gave an incorrect figure for California Oaks’ captial raise. California Oaks State Bank, a community business bank based in Thousand Oaks, plans to raise as much as $100 million as part of a new strategy to snap up the assets of failed banks. California Oaks, which also Read More →
Hall of Fame Announced
By Pacific Coast Business Times Staff / Monday, March 1st, 2010 / Top Stories / Comments Off on Hall of Fame Announced
In celebration of its 10th anniversary this year, the Pacific Coast Business Times is launching its first annual Tri-County Business Hall of Fame. The five people inaugurated into this year’s hall of fame are dynamic leaders who have shaped the tri-county region in unprecedented ways. They will be honored at the Business Times’ 10th Anniversary Read More →
CKE Restaurants to be acquired for $928M
By Pacific Coast Business Times Staff / Friday, February 26th, 2010 / Top Stories / Comments Off on CKE Restaurants to be acquired for $928M
Carpinteria-based CKE Restaurants, parent company of the Carl’s Jr. and Hardee’s fast food restaurants, announced Feb. 26 that it is being sold to Boston-based private equity firm Thomas H. Lee Partners for $928 million. The deal, expected to close in the second quarter of 2010, will include the assumption of about $309 million of CKE Read More →
