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By Pacific Coast Business Times Staff / Monday, December 28th, 2009 / Top Stories / Comments Off on The Year in Review 2009
The top stories, revisited Scroll down to read the top Business Times stories of 2009 by topic and to view a month-by-month timeline of highlights (and lowlights) from the year. Top stories by topic: THE ECONOMY • Stimulus funds flood the region [published Nov. 6, 2009] Stimulus dollars have poured into the Tri-Counties since President Read More →
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By Staff Report / Thursday, December 24th, 2009 / Latest news / Comments Off on Breaking news: PCBC to sell tax-refund loan division
Santa Barbara-based Pacific Capital Bancorp announced Dec. 24 that it is selling its controversial tax-refund loan program after federal regulators did not approve the bank to originate any refund-anticipation loans during 2010. Pacific Capital, the parent of Santa Barbara Bank & Trust and several other banking brands on the Central Coast, said it has signed Read More →
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By Pacific Coast Business Times Staff / Monday, December 21st, 2009 / Features / Comments Off on No restaurant blues at EP Koberl
The restaurant business is a notoriously tough one to succeed in, but Erich and Patricia Koberl must have had a secret recipe when they struck out on their own almost five years ago. EP Koberl at Blue, a stylish little restaurant nestled in the corner of the historic J.P. Andrews Building in downtown San Luis Read More →
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By Pacific Coast Business Times Staff / Monday, December 21st, 2009 / Top Stories / Comments Off on Runoff rules rile builders
New storm water rules taking shape in Ventura County have public and private builders concerned that costs for routine projects could go way up and that some developments — such as large factories or warehouses — wouldn’t be feasible at all. The big change in the rules is that builders will have to deal with Read More →
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By Pacific Coast Business Times Staff / Monday, December 21st, 2009 / Top Stories / Comments Off on A wind in Clipper
Carpinteria-based Clipper Windpower is not going anywhere. The wind turbine maker has expanded rapidly and created hundreds of high-paying engineering and finance jobs on the South Coast in recent years. But it’s struggled with losses despite explosive sales, and on Dec. 9, industrial giant United Technologies Corp. agreed to buy a 49.5 percent stake in Read More →
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By Pacific Coast Business Times Staff / Monday, December 21st, 2009 / Top Stories / Comments Off on Select slashes debt with public option
In the region’s second major going-public transaction this year, Santa Barbara-based Select Staffing has agreed to a deal that would let it pay off $200 million in debt and become listed on a major stock exchange. With $1.4 billion in revenue in 2008, Select, a temporary staffing services firm, is the largest privately held company Read More →
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By Pacific Coast Business Times Staff / Monday, December 21st, 2009 / Columns / Comments Off on Ventura real estate firm sets sights on the Lone Star State
For the first time in eight years, Dick Fausset’s Ventura real estate investment company is buying. Back in the 1990s, Fausset Neely Inc. went on an acquisition spree, buying up more than 2.86 million square feet of commercial property in California, Texas, Louisiana and Alabama. But in 2001, Fausset stopped buying and started selling. “In Read More →
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