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Nobel winner unveils social business institute at CSUCI

By   /  Friday, February 26th, 2010  /  Latest news  /  Comments Off on Nobel winner unveils social business institute at CSUCI

Nobel Peace Prize laureate Muhammad Yunus launched the California Institute for Social Business at California State University, Channel Islands, on Feb. 26. The first of its kind, the endeavor will “make it clear to people what a social business is,” Yunus said. A university is not “not just a think tank — it’s also an Read More →

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CKE Restaurants to be acquired for $928M

By   /  Friday, February 26th, 2010  /  Top Stories  /  Comments Off on CKE Restaurants to be acquired for $928M

Carpinteria-based CKE Restaurants, parent company of the Carl’s Jr. and Hardee’s fast food restaurants, announced Feb. 26 that it is being sold to Boston-based private equity firm Thomas H. Lee Partners for $928 million. The deal, expected to close in the second quarter of 2010, will include the assumption of about $309 million of CKE Read More →

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CLU receives $5M gift for new stadium

By   /  Monday, February 22nd, 2010  /  Latest news  /  Comments Off on CLU receives $5M gift for new stadium

California Lutheran University in Thousand Oaks said Feb. 22 that it received $5 million for a new football stadium. The gift is the largest single donation in the history of the university. The new 3,000-seat facility will be named after donor and Ventura County real estate developer William Rolland. His gift is only the second Read More →

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Santa Barbara's Tuttini

By   /  Monday, February 22nd, 2010  /  Latest news  /  Comments Off on Santa Barbara's Tuttini

Tuttini’s Café and Bakery, formerly located next to the Business Times at 10 E. Carrillo St. in Santa Barbara, closed its doors on Feb. 21 after six years in business. In a sign posted in its window, the popular downtown bakery said that it was closing due to “circumstances beyond our control.” The landlord reportedly Read More →

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The scoop: Save this business, eat ice cream

By   /  Monday, February 22nd, 2010  /  Opinion  /  Comments Off on The scoop: Save this business, eat ice cream

The surest way to kill an economy is to kill its entrepreneurial spirit. In the brief, 10-year history of the Business Times, we’ve seen this attempted on a few occasions. The killers can wear suits — as in the case of the tort lawyer who went up and down the Central Coast filing Americans for Read More →

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New carrier arrives

By   /  Monday, February 22nd, 2010  /  Opinion  /  Comments Off on New carrier arrives

Speaking of free enterprise, United Airlines is about to get some competition on its heavily traveled route from Santa Barbara to Denver. Frontier Airlines, which emerged from bankruptcy recently under the ownership of Republic Airways of Indiana, is going to give United its first head-to-head competition to Denver in decades. Business travelers and ski fans Read More →

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Select Staffing going-public deal shelved

By   /  Monday, February 22nd, 2010  /  Top Stories  /  Comments Off on Select Staffing going-public deal shelved

With its public option off the table, Santa Barbara-based Select Staffing is returning its focus to family ownership and a fundamentals-first approach to growth. Select, a temporary staffing firm, is the largest private company in the Tri-Counties, with revenue last year of $1.5 billion. Saddled with $535.5 million in debt and facing pressure from lenders Read More →