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By Staff Report / Wednesday, April 7th, 2010 / Latest news / Comments Off on Late bidder emerges to top offer for CKE
Hold the lettuce. The emergence of a late bidder has frozen private equity firm Thomas H. Lee’s plans to take Carpinteria-based CKE Restaurants private for $11.09 per share. The parent company of Carl’s Jr. and Hardees said April 7 it had received a late bid that was likely to top THL’s best offer, an announcement Read More →
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By Staff Report / Monday, April 5th, 2010 / Latest news / Comments Off on Santa Barbara Borders building sold for $10M
The $10 million sale of 900 State St. in Santa Barbara makes for the largest commercial real estate deal in the city in more than two years and signals new life in the city’s downtown. The 38,000-square-foot retail space where Borders bookstore is currently housed was sold on April 5 to an affiliate of SIMA Read More →
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By Pacific Coast Business Times Staff / Monday, April 5th, 2010 / Top Stories / Comments Off on Donation clouds Blue Shield complaint
Thanks to a law firm’s $10,000 contribution to an assemblymember’s campaign for Insurance Commissioner, a Santa Barbara agent’s crusade to get small-business coverage looks like one more piece of political theater in a tough election year. On March 23, Brent Anderson filed a complaint with the California Department of Insurance against Blue Shield of California Read More →
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By Pacific Coast Business Times Staff / Monday, April 5th, 2010 / Opinion / Comments Off on Three steps to state solvency
Orange County Register small-business columnist Jan Norman has put California’s budget woes into some facts and figures anybody can understand. Quoting from U.S. Census Bureau figures, she says the state’s individual income tax collections fell 20.4 percent or more than $10 billion from 2008 to 2009 and corporate income tax collections fell about $2 billion Read More →
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By Pacific Coast Business Times Staff / Monday, April 5th, 2010 / Opinion / Comments Off on Drug lord crackdown may be Oxnard
Ventura County District Attorney Greg Totten made a splash in the newspapers on March 30 when he announced plans to extradite a jailed Mexican drug lord known as “Don Pepe” for trial on charges related to drug trafficking. If the extradition proceeds as planned, Jose Antonio Medina, 36, will face numerous charges in a Ventura Read More →
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By Pacific Coast Business Times Staff / Monday, April 5th, 2010 / Top Stories / Comments Off on South Coast Business & Technology Awards honor five
An international medical nonprofit, the chairman of Oracle Corp. and a top female software entrepreneur will be honored at the region’s biggest business and technology fundraiser. The South Coast Business & Technology Awards Dinner in Santa Barbara is in its 16th year. Regularly drawing more than 600 guests and 70 corporate sponsors to Fess Parker’s Read More →
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By Pacific Coast Business Times Staff / Monday, April 5th, 2010 / Top Stories / Comments Off on Health care
Tri-county hospitals are ready to put the recession behind them as they look toward the brave new world of health care reform. For the most part, reform means area hospitals will receive less for reimbursements but will have fewer uninsured patients coming through the system. “The net effect will be the reduction in charity care,” Read More →
