Raytheon facility catches fire
Santa Barbara County firefighters extinguished a structure fire at one of Goleta’s Raytheon facilities April 20. No one was injured in the blaze that caused $100,000 worth of damage to the building and equipment. The cause of the fire is still under investigation. According to a report from fire Capt. David Sadecki, a department spokesman, Read More →
SLO unemployment rises
San Luis Obispo County’s unemployment rate jumped in March to 8.7 percent after holding steady the month before. The 0.6 percent rise is equal to the loss of about 500 jobs last month. The county’s rate is still significantly lower than the statewide unemployment rate of 11.2 percent. Nationwide, the jobless rate was 9 Read More →
Affinity in talks on debt
Ventura-based Affinity Group Holding, a direct marketer for owners of recreational vehicles and the operator of 77 Camping World retail stores, is facing the maturity of its secured credit agreement in June. Standard & Poor’s sees “uncertainty” regarding the company’s ability to nail down replacement financing. The S&P report, which also lowered the corporate rating Read More →
UCSB gets $6.1M
Two government funding agencies are putting $6.1 million into a pair of University of California, Santa Barbara, research projects aimed at using diamond for quantum communication processing. UCSB is leading the charge on both efforts, thanks to major developments the university has made in quantum physics in the past decade. The funding will go to Read More →
SB crop values rise
Santa Barbara County’s crop values rose $34 million, or about 3 percent, in 2008, according to the Agricultural Production Report released Monday. The county’s overall crop value rose to more than $1.13 billion last year, marking the third consecutive year that gross value has surpassed $1 billion. The high figures persisted in 2008 despite less Read More →
