Airport terminal groundbreaking
UncategorizedA groundbreaking ceremony to mark the beginning of construction for the $32 million terminal project at the Santa Barbara Municipal Airport was held on Oct. 22. The project includes construction of a new two-story 67,000-square-foot terminal built in Spanish Colonial Revival architecture, reconfiguration and landscaping of a new short-term parking lot, construction of a Read More →
OCC shows it lacks transparency
OpinionWe were disappointed to learn that a representative of the Office of the Comptroller of the Currency backed out of a recent speaking engagement at Coastal Business Finance, the Santa Maria-based leader in small business finance. Such a talk might have done a lot to help bankers and borrowers meet face-to-face with one of the Read More →
Power-Save raises eyebrows with the SEC
UncategorizedSan Luis Obispo-based Power-Save Energy Corp. posted some big revenue gains over the past two years, but financial observers and the Securities and Exchange Commission have criticized the firm for non-existent internal financial controls. Power-Save’s stock has also lost more than 90 percent of its value in recent months, and the firm was ordered to Read More →
Defense firms draw jobs
UncategorizedDefense and space contractors are adding scores of jobs and thousands of square feet of production space on the South Coast. In the midst of a down economy, the tri-county divisions of defense giants Raytheon and Alliant Techsystems, or ATK, are hiring for engineering and other high-paying positions and breaking ground on new facilities that Read More →
Dole IPO may confound the skeptics
ColumnsBy the time you read this column, Dole Food Co. should be on the glide path to an initial public stock offering that might mark a turning point for the markets and for long-suffering investors. Emphasis on the word “might.” I’m hedging my bets just a bit when it comes to Westlake Village-based Dole and Read More →
