Power-One pays price for $60M infusion
Thanks to a $60 million capital infusion on May 8, Camarillo-based Power-One now has the cash it needs to continue restructuring and to push into renewable energy markets. But the move spurred a public outcry from some shareholders over what they see as the potential for massive dilution to their investments. The power supply maker’s Read More →
Read More →Spinning the Web – Internet-based firms find creative ways to turn profits
Bryan Brand wants to let the Internet make you dinner. Brand’s Web site, SBmenus.com, allows hungry people to browse the menus of 400 Santa Barbara area restaurants. Rather than fumbling with a phone or waiting in lines, the customer orders through an online order form, bypassing human contact altogether. Through efficiency and convenience, Web-based businesses Read More →
Read More →Nipped in the bud – Artificial flower business closes after 58 years
Everything is withering in this economy. Even fake flowers. Aldik Artificial Flower Co., based in Moorpark, has been the country’s leading wholesaler of artificial blossoms for more than half a century. But after seeing steady growth over the past few decades, the company was forced to dissolve in February after a massive decline in sales Read More →
Read More →Chrysler struggles in E. Ventura County
As reports surface that Chrysler may cut a quarter of its franchises across the nation, nervous Ventura County auto dealerships are struggling to stand out in an industry that has been crushed by higher fuel prices, the economy and shifting customer tastes. [Editor’s note: Read a related story about Chrysler dealerships in the Tri-Counties here.] Read More →
Read More →Jesusita tests region
Santa Barbara is the kind of place that in normal times wraps visitors in a warm, soft, fuzzy cocoon. Even on the hottest days of summer, there’s a coolness in the air that cuts through the sunshine. But the cocoon that wrapped its arms around the city for 96 hours starting May 5 was not Read More →
Read More →Veterans to soon get new home in Saticoy after 16-year wait
After 16 years of planning, negotiations and compromise, Ventura County will get the veterans’ home it has been waiting for. At 60 beds, the $26.5 million Saticoy facility is much smaller than originally envisioned, but construction is on track and the site is supposed to open late this summer, said a representative from the California Read More →
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