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By Pacific Coast Business Times Staff / Monday, November 2nd, 2009 / Top Stories / Comments Off on Where sales are hot
Sales are taking off at Hi-Temp Insulation. The Camarillo company makes heat shielding and soundproofing for the aircraft and spacecraft industries. Its products protect against fires in the engines of Boeing 777s, wrap U.S. missiles in blankets to keep them warm in Alaskan silos and prevent the space shuttle’s wings from burning up when it re-enters Read More →
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By Staff Report / Friday, October 30th, 2009 / Latest news / Comments Off on States sue Amgen, alleging drug kickback scheme
Thousand Oaks-based Amgen faces a lawsuit from New York, California and 13 other states alleging that the company took illegal kickbacks for Aranesp, one of the biotech firm’s top-selling kidney drugs. The case, filed Oct. 29 in federal court and being led by New York, accuses Amgen, a purchasing group and a wholesale provider of Read More →
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By Pacific Coast Business Times Staff / Thursday, October 29th, 2009 / Opinion / Comments Off on Navy
When Secretary of the Navy Ray Mabus came to Santa Barbara to speak before the regional chapter of the Navy League, not many people had heard of the “Green Fleet.” And, indeed, there is a fair amount of public relations value involved — just as Theodore Roosevelt’s “Great White Fleet” which sailed the Pacific at Read More →
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By Pacific Coast Business Times Staff / Thursday, October 29th, 2009 / Uncategorized / Comments Off on Warner credit watch
Ty Warner, Montecito resident and luxury hotel magnate, may be in danger of defaulting on debt and faces a potential ratings agency downgrade on $425 million debt backed buy four resorts, including Four Seasons in New York, according to Bloomberg News. Standard & Poor’s placed Warner’s debt on “credit watch with negative implications” after net Read More →
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By Pacific Coast Business Times Staff / Monday, October 26th, 2009 / Top Stories / Comments Off on Granada leasing is tall order
Santa Barbarans like to think they live the good life. They feel like they’re on top of the world. And now they have the chance to claim space atop the city’s tallest building. The Granada Theatre spent the past few years wrapped in a cocoon of scaffolding and tarps before emerging as a fully restored Read More →
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By Pacific Coast Business Times Staff / Monday, October 26th, 2009 / Top Stories / Comments Off on Small banks caught in regulation crackdown
[Editor’s note: A clarification regarding Community West Bank’s profits has been added at the bottom of the story.] Two banks with tri-county operations have received orders from federal regulators to raise capital. The parent companies of Solvang-based Los Padres Bank and Woodland Hills-based Western Commercial Bank both now face a series of deadlines to boost Read More →
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By Pacific Coast Business Times Staff / Monday, October 26th, 2009 / Top Stories / Comments Off on Bernanke at Bacara
Federal Reserve Chairman Ben Bernanke swooped through a Santa Barbara conference on Oct. 19, warning that Asia’s new export policies could lead to renewed trade imbalances if the U.S. doesn’t work with trade partners across the Pacific. During the invitation-only Asian Economic Policy Conference at the posh Bacara Resort & Spa, Bernanke said that low Read More →
