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Watkins: Slow growth ahead

By   /  Tuesday, September 27th, 2011  /  Latest news, Real Estate, Tri-County Economy  /  1 Comment

California faces at least two quarters of very slow growth next year, with continued job losses and a decline in home prices that likely will extend to 2013. That was the grim news from California Lutheran University economist Bill Watkins, who spoke to about 300 people at a Sept. 27 forum hosted by Montecito Bank Read More →

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Ventura County Business Bank acquired

By   /  Monday, September 26th, 2011  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Ventura County Business Bank acquired

Oxnard-based Ventura County Business Bank has been acquired by Royal Business Bank for an undisclosed amount. Ventura County Business Bank’s two branches, in Oxnard and Westlake Village, officially opened as a subsidiary of Royal Business Bank on Monday, according to a news release, and will continue to operate under their original name until February. For Read More →

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French firm plucks Dole division

By   /  Tuesday, September 20th, 2011  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on French firm plucks Dole division

Dole Food Co. said Sept. 20 that it was selling its ripening and distribution businesses in Spain and Portugal, known as Dole Spain, to the Compagnie Fruitière Group. Terms of the sale, expected to close in November, were not disclosed. Westlake Village-based Dole holds a non-controlling 40 percent stake in Compagnie Fruitière. The other 60 Read More →

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Cox wireless debuts

By   /  Monday, September 19th, 2011  /  Latest news  /  Comments Off on Cox wireless debuts

Atlanta-based Cox Communications has rolled out wireless service in Santa Barbara. Cox, which has a cable monopoly in the city, announced earlier this year that it planned to bundle in mobile phone services with its Internet, telephone and cable services for an all-in-one bundle. It is buying airtime from Sprint at wholesale prices to resell Read More →

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Venoco’s Ellwood pipeline approved

By   /  Tuesday, September 13th, 2011  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on Venoco’s Ellwood pipeline approved

Venoco said Sept. 12 that it has received final approval to build an 8.5-mile pipeline to transport crude oil from its South Ellwood field, off the coast of Goleta, to the shore. “After almost three years in the permitting process, we are very pleased to announce we are ready to begin construction of this pipeline, Read More →

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UCSB snags $20M grant

By   /  Monday, September 12th, 2011  /  Latest news, Technology  /  Comments Off on UCSB snags $20M grant

UC Santa Barbara’s materials researchers have received a $20 million grant to carry on their studies until at least 2017. The money came from the National Science Foundation. UCSB houses one of the foundation’s Materials Research Science and Engineering Centers and has received support since 1992. “Competition for these flagship centers is fierce,” Craig Hawker, Read More →

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Puzder: CKE won’t leave before 2015

By   /  Friday, September 9th, 2011  /  Latest news, Restaurants, Tri-County Economy  /  3 Comments

Andy Puzder, CEO of Carl’s Jr. parent CKE Restaurants, has for the first time publicly put a hard date on the fast-food firm’s possible move to Texas.

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