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Allergan to shutter Goleta facility, cut 300 jobs

By   /  Tuesday, July 22nd, 2014  /  Central Coast Health Watch, Earnings, Latest news, South Coast, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Allergan to shutter Goleta facility, cut 300 jobs

Allergan will close its Goleta facility and eliminate about 300 positions there as part of a broader cost tightening effort as the Irvine company fends off a hostile takeover attempt. Allergan makes Botox and other cosmetic drugs and devices. The company became a major South Coast employer in 2005 when it bought breast implant maker Read More →

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Santa Clara Valley Bank to be sold in $15.3M deal

By   /  Friday, July 18th, 2014  /  Agribusiness, Banking & Finance, Banking Industry, Latest news, Top Stories  /  Comments Off on Santa Clara Valley Bank to be sold in $15.3M deal

Santa Paula-based Santa Clara Valley Bank is being acquired by Sierra Bancorp for $15.3 million in an all-cash deal announced July 17. The Ventura County bank operates branches in Fillmore, Santa Paula and Valencia. With assets of about $127 million, the bank is the second-smallest bank headquartered in the Tri-Counties.

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Granada Tower fully leased after Peritus deal

By   /  Monday, July 7th, 2014  /  Latest news, Real Estate, South Coast  /  Comments Off on Granada Tower fully leased after Peritus deal

Santa Barbara-based Peritus Asset Management recently signed a long-term lease for the entire fourth floor of the Granada Tower, making the building fully leased.

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Albertsons fined $3.3M in hazardous waste case

By   /  Wednesday, June 25th, 2014  /  East Ventura County, Latest news, Law, West Ventura County  /  Comments Off on Albertsons fined $3.3M in hazardous waste case

Ventura County officials are set to receive $395,089 as part of a $3.3 million settlement with Albertsons in a case that alleged the grocery chain mishandled hazardous waste.

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VCEDA chief steps down

By   /  Tuesday, June 24th, 2014  /  East Ventura County, Latest news, Nonprofits, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on VCEDA chief steps down

Bill Buratto has stepped down as the head of the Ventura County Economic Development Association, one of the most prominent business advocacy groups in the region.

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CLU snags head of UCSB’s startup contest

By   /  Tuesday, June 17th, 2014  /  East Ventura County, Latest news, South Coast, Technology  /  Comments Off on CLU snags head of UCSB’s startup contest

Mike Panesis, a key player in entrepreneurship circles who heads the biggest collegiate business-pitch contest in the region, is leaving UC Santa Barbara for a post at California Lutheran University.

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Forum: Asian trade opportunities abound for Ventura County

By   /  Tuesday, June 17th, 2014  /  East Ventura County, Latest news, Tri-County Economy, West Ventura County  /  Comments Off on Forum: Asian trade opportunities abound for Ventura County

On June 13, the Port of Los Angeles organized an event with representatives from eight Asian countries at CSU Channel Islands to show Ventura County business owners that the port’s loss is their opportunity. In May alone, half of the 321,000 container units leaving the port were empty.

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