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Before merger is approved Albertons & Safeway to sell 168 stores

By   /  Friday, December 19th, 2014  /  Banking & Finance, Latest news, Real Estate, Restaurants, Top Stories, Tri-County Economy  /  No Comments

The divestiture of the stores is part of another deal to secure FTC clearance for Albertons to acquire Safeway in a $9.2 billion deal. That transaction, which the companies are calling a merger, was announced in March and is expected to close in January.

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Taking on the sharks: SLO family gets Mark Cuban’s cash for Q-Flex expansion

By   /  Friday, December 19th, 2014  /  Central Coast  /  No Comments

  What began as a daughter’s idea to help her ailing mother after 12-hour workdays has turned into a cameo on primetime television and a partnership with a billionaire businessman. The concluding results couldn’t have worked out better for 13-year-old San Luis Obispo-native Andrea Cao and her mother, Hong Cao, after the two appeared on […]

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LTC Properties raises $24.5M through sale of shares

By   /  Friday, December 19th, 2014  /  Banking & Finance, Latest news, Real Estate, Top Stories, Tri-County Public Companies, West Ventura County  /  No Comments

According to company filings, LTC will use the proceeds of the sale to pay down outstanding debt on its unsecured credit line, fund acquisitions and current development pipeline and for general corporate purposes.

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Oilfield waste firm faces curb on VC shipments

By   /  Friday, December 19th, 2014  /  Latest news, Top Stories, West Ventura County  /  No Comments

Ventura County officials have confirmed that oilfield waste management company Anterra Energy Services, which has facilities in Oxnard and Santa Paula, will no longer be trucking additional waste to the Oxnard location.

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Waste-to-energy company raises $500K, reports big loss

By   /  Friday, December 19th, 2014  /  Central Coast, Latest news, Top Stories, Tri-County Public Companies  /  No Comments

Greenbelt Resources Corp., which counts Diversified Ethanol Corp. as a subsidiary, reported a loss of $217,469 for the third quarter compared to an $18,144 profit a year earlier amid a steep decline in revenue.

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Water district sues state to overturn $1.1M fine

By   /  Friday, December 19th, 2014  /  Central Coast, Latest news, Top Stories  /  No Comments

The South San Luis Obispo County Sanitation District has upped the ante in its battle with the State Water Resources Control Board over a $1.1 million fine the district received for a sewer spill in 2010.

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Reporting oversight costs SCE $170,000 in penalties

By   /  Thursday, December 18th, 2014  /  East Ventura County, Latest news, Law, Top Stories, West Ventura County  /  No Comments

SCE started notifying authorities of the undisclosed facilities after discovering it had not submitted reports for many of its Ventura County facilities through a self-audit.

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