A trademark duel
By Pacific Coast Business Times Staff / Monday, September 21st, 2009 / Top Stories / Comments Off on A trademark duel
Two high-end gun makers are dueling across the Atlantic over the rights to use one of the oldest names in the trade. Paso Robles-based John Rigby & Co. (Gunmakers) Inc. is suing London-based newcomer John Rigby & Co. (Gunmakers) Ltd. for trademark infringement. In a complaint filed Aug. 24 in a federal court in Los Read More →
Flir scores victory in Raytheon battle
By Pacific Coast Business Times Staff / Monday, September 21st, 2009 / Top Stories / Comments Off on Flir scores victory in Raytheon battle
In one of the most-watched legal fights in the defense industry, infrared camera maker Flir Systems has won a preliminary victory against Raytheon over infrared sensor technology developed in Goleta. In 2007, Raytheon sued Flir, alleging the smaller company had stolen its trade secrets, competed unfairly and infringed its patents. On Aug. 31, a federal Read More →
Green Coast goes to Washington
By Pacific Coast Business Times Staff / Wednesday, September 16th, 2009 / Top Stories / Comments Off on Green Coast goes to Washington
WASHINGTON, D.C. — With the Obama administration nudging climate change toward the top of the political agenda, the new energy economy was a timely topic as 25 business and community leaders from the Tri-Counties convened for a day of discussions hosted by U.S. Rep. Lois Capps, D-Santa Barbara. Capps said she was encouraged by efforts Read More →
Carpinteria device firm gets big bucks
By Pacific Coast Business Times Staff / Monday, September 14th, 2009 / Top Stories / Comments Off on Carpinteria device firm gets big bucks
In the biggest single round of venture capital financing announced this year in the Tri-Counties, Carpinteria-based medical device maker ValenTx raised $22 million Sept. 8. Founded in 2002 and operating quietly until now, the company is testing out a treatment for morbid obesity, a condition in which patients are typically overweight by more than 100 Read More →
BuenaVentura
By Pacific Coast Business Times Staff / Monday, September 14th, 2009 / Top Stories / Comments Off on BuenaVentura
When Banco BuenaVentura was rolled out in Oxnard less than a year ago, it catered almost exclusively to the area’s Hispanic community. But in light of its upcoming Sept. 21 closure, some are left wondering if the niche bank’s business plan is to blame for its collapse. The bank had a very clear goal when Read More →
$22M bankruptcy spotlights Montecito
By Pacific Coast Business Times Staff / Monday, September 14th, 2009 / Top Stories / Comments Off on $22M bankruptcy spotlights Montecito
A year after the worst market quake since the Great Depression, aftershocks from the credit crunch are rumbling through Montecito’s upper crust. Patricia Klink filed for Chapter 11 bankruptcy protection Aug. 17 with $29.3 million in assets and $22.2 million in liabilities. She is the wife of John Klink, a longtime high-level Vatican adviser whose anti-abortion Read More →
$50M dash for cash sealed Affinity deal
By Pacific Coast Business Times Staff / Monday, September 7th, 2009 / Top Stories / Comments Off on $50M dash for cash sealed Affinity deal
Just three days before scooping up failed Ventura-based Affinity Bank on Aug. 28, San Diego-based Pacific Western Bank gave a $50 million signal that it was in acquisition mode. At a time when banks across the nation were struggling to raise capital, PacWest Bancorp, the bank’s holding company, came up with $50 million. The capital Read More →
