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Developers back out of deal to buy Santa Maria parcels from Limoneira

By   /  Friday, March 7th, 2014  /  Banking & Finance, Central Coast, Real Estate, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Developers back out of deal to buy Santa Maria parcels from Limoneira

Two housing developments in Santa Maria are back on the market after a potential buyer backed out of an $8.3 million deal with Limoneira Co.

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Belt tightening: Amid drought, food banks face bare cupboards

By   /  Friday, March 7th, 2014  /  Agribusiness, Central Coast Health Watch, Features, Nonprofits, Top Stories  /  Comments Off on Belt tightening: Amid drought, food banks face bare cupboards

Erik Talkin, CEO of the Foodbank of Santa Barbara County. Its cooler shelves are down to 75 percent of usual capacity of fresh produce as farmers donate less during the drought. (Alex Drysdale / Business Times photo)

Demand is up at the region’s food banks, and supply is down. In the for-profit world, those two factors would mean higher prices, but since food banks give away their products, their cupboards are starting to look a bit bare.

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Heritage Oaks to cut 60 jobs as Mission Community deal closes

By   /  Friday, March 7th, 2014  /  Banking & Finance, Banking Industry, Central Coast, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Heritage Oaks to cut 60 jobs as Mission Community deal closes

With its $56 million acquisition of Mission Community Bancorp, Heritage Oaks will shutter branches along the Central Coast in coming months and lay off about 60 employees in several phases.

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Amgen to cut 252 jobs

By   /  Thursday, March 6th, 2014  /  Top Stories, Tri-County Public Companies  /  Comments Off on Amgen to cut 252 jobs

Thousand Oaks-based Amgen plans to lay off 252 employees in Thousand Oaks by the end of April, bringing the total jobs cut since 2007 from Ventura County’s largest private-sector employer to about 1,150.

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Hotel Oceana sells to Philadelphia firm for $41.7M

By   /  Thursday, March 6th, 2014  /  Real Estate, Top Stories, Tourism  /  Comments Off on Hotel Oceana sells to Philadelphia firm for $41.7M

Hersha Hospitality Trust said it purchased the 122-room Santa Barbara hotel as part of a strategy to get into one of the “highest-demand gateway markets in the United States.”

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Widow wins $4M verdict against Sierra Vista

By   /  Wednesday, March 5th, 2014  /  Central Coast, Central Coast Health Watch, Top Stories  /  Comments Off on Widow wins $4M verdict against Sierra Vista

A San Luis Obispo jury has awarded $4 million to a woman who alleged that Sierra Vista Regional Medical Center and an affiliated surgeon conspired to conceal the cause of a her husband’s death.

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Semtech meets Street expectations after layoffs

By   /  Wednesday, March 5th, 2014  /  Earnings, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Semtech meets Street expectations after layoffs

Camarillo-based Semtech Corp. delivered earnings on par with Wall Street expectations on March 5, holding its forecast steady as it deals with the costs of laying off 6 percent of its workforce and navigating a rough patch amid several years of growth.

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