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By Pacific Coast Business Times Staff / Monday, July 5th, 2010 / Top Stories / Comments Off on Financial planner faces lawsuits
Ian Filippini, the young president of Montecito-based Filippini Financial Group, filed for personal bankruptcy in April, listing $4.4 million in liabilities. Along with his firm, he faces five civil lawsuits asking for more than $3 million in damages. Filippini’s legal troubles come just a year after formally taking the family firm over from his Read More →
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By Pacific Coast Business Times Staff / Monday, July 5th, 2010 / Top Stories / Comments Off on A bright future: SLO solar firm sees big growth ahead
In four years, San Luis Obispo-based Mainstream Energy Corp. has grown from a head count of fewer than 100 employees to nearly 600 employees and $150 million in annual sales. It recently signed on Kam Mofid, a veteran of large firms such as Teleflex, Pratt & Whitney and General Motors, as president to expand the Read More →
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By Pacific Coast Business Times Staff / Monday, July 5th, 2010 / Top Stories / Comments Off on Layoffs, budget cuts hit cities, counties
In what’s become an annual blood-letting ritual in California, local governments in the Tri-Counties passed budgets for the new fiscal year that add up to tens of millions of dollars in spending cuts and dozens of lost jobs. A survey by the Business Times of the three county governments and the 25 cities in the Read More →
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By Pacific Coast Business Times Staff / Monday, July 5th, 2010 / Columns / Comments Off on San Luis Obispo developer mixes it up on gas station site
The Mix @ Monterey — an exciting new mixed-use project coming to San Luis Obispo — is set to break ground this month. The four-story building will feature 4,000 square feet of ground-floor retail, 5,000 square feet of second-floor office space and five condos on the third and fourth floors. Architect and developer George Garcia Read More →
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By Pacific Coast Business Times Staff / Monday, July 5th, 2010 / Columns / Comments Off on We were all victims of mortgage fraud
For most scam artists, fraud is a morally murky process that involves taking money from people who are often motivated by greed to push the limits of common sense. Victims of financial fraud are often involved in Ponzi schemes, where proceeds from new investors are used to pay off older investors until the entire edifice Read More →
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By Staff Report / Thursday, July 1st, 2010 / Latest news / Comments Off on Eucalyptus Systems raises $20 million
In one of the largest technology deals of recent years, Santa Barbara-based cloud computing software firm Eucalyptus Systems raised $20 million in venture capital on July 1 from a group led by Menlo Park-based New Enterprise Associates. With the deal, Eucalyptus has raised $25.5 million since launching last year. Earlier this year, the firm brought Read More →
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By Staff Report / Thursday, July 1st, 2010 / Latest news / Comments Off on CKE shareholders approve buyout
Carpinteria-based CKE Restaurants said June 30 that 76 percent of its shareholders approved a $649 million cash acquisition by an affiliate of New York-based private equity firm Apollo Management. Shareholder approval was one of the final steps CKE, the parent company of Carl’s Jr. and Hardee’s fast food restaurants, needed to secure the deal, which Read More →
