Retail woes hit Eddie Bauer, Abercrombie
Eddie Bauer, the Washington-based outdoor-clothing chain, filed for Chapter 11 bankruptcy protection June 17 in Delaware. The retailer operates stores at the Simi Valley Town Center and the Camarillo Outlets in Ventura County. Court filings show that Bank of America, General Electric and the CIT Group have agreed to provide up to $100 million in Read More →
Investment adviser barred
The owner of a San Luis Obispo investment firm has been barred from acting as an investment adviser by the U.S. Securities and Exchange Commission for allegedly steering clients to a shell fund that paid him kickback fees. On May 15, the SEC ordered that Jeffrey Forrest, principal of San Luis Obispo-based WealthWise, “is barred Read More →
UCSB gets HP money
John Bowers, a professor of electrical and computer engineering at the University of California, Santa Barbara, has won a research award from Palo Alto-based HP as part of that company’s second annual HP Labs Innovation research program. The firm didn’t say how much the award was for. The proposed project is titled “High-Speed, Low-Threshold Hybrid Read More →
Amid a tough market, wine execs see opportunities
The wine industry is in the middle of a cyclical downturn, but Central Coast vintners have some advantages that will help in recovery. That’s the view of Rob McMillan, chief of the wine industry lending unit at Silicon Valley Bank. He told the Central Coast MIT Enterprise Forum on June 17 that industry revenue growth Read More →
Marian rebuilding project to top $210M
The framework has been set for one of the biggest construction projects to ever hit the Central Coast. On June 11, the towering four-story steel skeleton in Santa Maria was completed — the first step in a $210 million expansion project at Marian Medical Center. In response to the rapidly growing population of the Santa Read More →
Feds give $14M for training
The Tri-Counties’ Workforce Investment Boards have gotten nearly $14 million in federal stimulus money and are teaming up to go after an additional $1 million grant to help create green jobs in the region. The boards have both public- and private-sector members and oversee federal workforce investment money that flows through the state government. Much Read More →
