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By Pacific Coast Business Times Staff / Monday, April 26th, 2010 / Opinion / Comments Off on Editorial: Bank turnarounds offer a ray of hope
If there is one thing we’ve learned from the painful experiences of the past couple of years it is this: As banks go, so goes the regional economy. And from that perspective, it appears the deep recession in real estate is slowly disappearing in the rearview mirror. Surprise first-quarter profits at Community West and American Read More →
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By Pacific Coast Business Times Staff / Monday, April 26th, 2010 / Opinion / Comments Off on Editorial: ACLU, Arnold step up for kids
Closing the housing gap and getting our economy back on track is going to take skilled workers filling high paying jobs. The training for those jobs begins in our primary and secondary schools. Which is why we think it was smart for Gov. Arnold Schwarzenegger to side with the ACLU and others who want to Read More →
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By Pacific Coast Business Times Staff / Monday, April 26th, 2010 / Top Stories / Comments Off on Region
The markets have rallied in the past two months, and tri-county stocks have ridden — and, in some cases, blown past — the wave. Some of the strongest resurgences have come in the region’s technology sector. Other big winners are companies with stories about deals or turnarounds, but the region’s banking stocks have also played Read More →
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By Pacific Coast Business Times Staff / Monday, April 26th, 2010 / Top Stories / Comments Off on Coming out of its shell
Within five years, Port Hueneme will be home to about a quarter million giant keyhole limpets, a species of 5-inch-wide sea snail with a cone-shaped shell. It’s part of the business plan for Stellar Biotechnologies, a small firm that today uses about 40,000 limpets to make a protein used in cancer vaccine research. After more Read More →
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By Pacific Coast Business Times Staff / Monday, April 26th, 2010 / Top Stories / Comments Off on Creditor aims to seize 2 Marriott hotels in Thousand Oaks
Two Thousand Oaks Marriott hotels in default on a $25 million construction loan and facing foreclosure are just the latest indication that the region’s hotels have been hit hard by a decline in tourism and a sour commercial real estate market. The neighboring hotels on Newbury Road — a Marriott TownePlace Suites and a Courtyard Read More →
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By Pacific Coast Business Times Staff / Monday, April 26th, 2010 / Columns / Comments Off on Move-in day at Cal Poly Tech Park, ATA waits for roommates
The Cal Poly Technology Park officially has its first tenant. Applied Technologies Associates, an Albuquerque-based firm that designs and manufactures products for the oil industry, signed a lease for 3,000 square feet in the on-campus park at Cal Poly San Luis Obispo. The firm, which has major technical operations in Paso Robles, will maintain Read More →
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By Pacific Coast Business Times Staff / Monday, April 26th, 2010 / Columns / Comments Off on Goldman mess spotlights crisis in executive suite
Look around at the economic wreckage of the past couple of years and one thing is obvious — we have witnessed the most colossal failure of management in the history of the modern corporation. For all the talk about government intervention, TARP and the need to rewrite financial regulation to prevent another meltdown, the actual Read More →
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