Oasis files Chapter 7
The owners of the popular downtown San Luis Obispo restaurant Oasis filed for Chapter 7 bankruptcy on Aug. 4. Abdelkrim Benbrahim and Chantale L. Benbrahim cited $167,075 in assets and $884,917 in liabilities. The owners could not be reached for comment.
Read More →CVS buying Longs stores
CVS Caremark drug store chain officials said Aug. 12 they would buy Longs Drug Stores Corp. in a deal valued at $2.7 billion. Longs operates about 30 stories in the Tri-Counties The $71.50 per-share cash offer was a 32 percent premium over Walnut Creek-based Longs’ closing price of $54.04. Longs’ shares soared 30 percent, Read More →
Read More →Asylum Research settles suit
Santa Barbara-based Asylum Research Corp., an employee-owned manufacturer of atomic force microscopes, announced Aug. 11 the patent litigation between it and Veeco Instruments, which started in September 2003, has been settled. Under the terms of the settlement, Veeco, which has Santa Barbara and Camarillo offices, and Asylum have agreed to drop pending claims against Read More →
Read More →KCLU buys AM radio station
KCLU will increase its reach in Santa Barbara County and northern Ventura County with the $1.44 million purchase of KIST-AM 1340. The acquisition will boost the National Public Radio station’s signal in Santa Barbara from four watts – which can’t penetrate some buildings – to 650 watts. The station will be heard on 1340 Read More →
Read More →Caruso
With his recent threats to walk away from the project, Rick Caruso risks becoming the third in a string of successful and powerful developers who tried and failed to rebuild Montecito’s historic Miramar Hotel. Which raises an interesting question: Who would buy it then? Matt Middlebrook, vice president of Caruso Affiliated, laughed heartily in response Read More →
Read More →Lompoc magazine wins honor
The Lompoc Valley Magazine has showcased the diverse economy of the area twice a year since 2005. More than just an advertising vehicle, it includes a hefty features section and hits weighty topics such as green practices in the Lompoc Valley and the meaning of happiness. “I had seen chamber of commerce publications … and Read More →
Read More →Shooting the moon – Cal Poly contest simulates lunar excavation
Jim Greenhaw’s robot stops, stutters and lets out a loud grinding noise. Greenhaw has spent a year building it, but now, in the heat of a competition and with half a million dollars at stake, part of its transmission has blown. The stripped gears gnash past one another like a car with a worn-out clutch. Read More →
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