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SB Foundation receives grant for journalism project

By   /  Tuesday, September 25th, 2012  /  Latest news  /  Comments Off on SB Foundation receives grant for journalism project

The Santa Barbara Foundation will receive a $500,000 matching grant, for a total of $1 million, over two years to create a new journalism platform for the South Coast. Miami-based John S. and James L. Knight Foundation is providing the funding to launch the Santa Barbara Journalism Initiative, described as a “a nonprofit enterprise journalism Read More →

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Westlake film makers bank on fraternity humor site

By   /  Friday, September 21st, 2012  /  Banking & Finance, Latest news, Small Business, Technology  /  Comments Off on Westlake film makers bank on fraternity humor site

Word, brah. A pair of Westlake Village film industry veterans are out to raise $3.5 million to make a motion picture based on Total Frat Move, a wildly popular website that chronicles, sometimes crassly but always humorously, Greek life on campus from the male viewpoint. The brand’s ultimate owners hope it will ultimately become a Read More →

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VCEDA confirms loss of $10K sponsor

By   /  Wednesday, September 19th, 2012  /  Latest news, Tri-County Economy  /  2 Comments

The Ventura County Economic Development Association may reconsider its position on two ballot propositions to raise taxes to fund public education after the county’s community college district officially yanked its $10,000 title sponsorship of a popular business outlook conference hosted by the group. The group, more commonly known as VCEDA, has hosted an annual business Read More →

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Dole sells canned food business to Itochu for $1.7B

By   /  Tuesday, September 18th, 2012  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on Dole sells canned food business to Itochu for $1.7B

Produce giant Dole Food Co. sold its worldwide canned food business to Japanese conglomerate Itochu Corp. on Tuesday, fetching $1.7 billion and marking the Westlake Village-based firm’s exit from Asia. Proceeds from the all-cash sale, the biggest in Dole history, will be used to pay down debt, Dole said. Tokyo-based Itochu now has exclusive rights Read More →

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Leaders talk redevelopment at Reagan library

By   /  Friday, September 14th, 2012  /  Latest news, Tri-County Economy  /  Comments Off on Leaders talk redevelopment at Reagan library

California cities struggling to finance projects after the state abolished redevelopment agencies may get some relief from Sacramento, business leaders were told at a breakfast meeting Friday at the Ronald Reagan Library in Simi Valley. But the extent of any relief is unclear, according to panelists at a Corporate Leaders Breakfast sponsored by Cal Lutheran Read More →

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MarBorg discusses $40M recycling center in SB

By   /  Thursday, September 13th, 2012  /  Latest news  /  Comments Off on MarBorg discusses $40M recycling center in SB

Closing the loop on eight decades in business, Santa Barbara-based MarBorg Industries is returning to the full-cycle business model it pioneered in the years before the Great Depression. In remarks to the Santa Barbara Executive Roundtable on Sept. 13, Marborg General Manager Derek Carlson described how the company’s planned materials recycling center in the East Read More →

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Dole nears deal with Itochu

By   /  Thursday, September 13th, 2012  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on Dole nears deal with Itochu

Westlake Village-based Dole Food Co. is closing in on a deal to sell its processed food business and Asian fresh fruit and vegetable businesses to a Japanese trading house. In an unusual move, Dole confirmed market rumors on Sept. 12 that it is in “advanced negotiations” with Itochu Corp. to sell the business units. Reuters Read More →

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