Pacific Coast Business Times Staff | Monday, September 7th, 2009
Top Stories Just three days before scooping up failed Ventura-based Affinity Bank on Aug. 28, San Diego-based Pacific Western Bank gave a $50 million signal that it was in acquisition mode. At a time when banks across the nation were struggling to raise capital, PacWest Bancorp, the bank’s holding company, came up with $50 million. The capital Read More →
Pacific Coast Business Times Staff | Monday, September 7th, 2009
Top Stories Twenty months after financier Michael Klein died in a high-profile plane crash, his Santa Barbara-based hedge fund, Pacificor, is still working through the deals it struck before a private Cesna 172 he chartered flew into a mountain in Panama. Pacificor is still trying to repair its investment in troubled automobile parts maker Dura Automotive Systems, Read More →
Pacific Coast Business Times Staff | Monday, September 7th, 2009
Top Stories A group pulling world-class researchers together in Goleta wants to take the spin out of science in the public debate. Novim brings small bands of researchers to the University of California, Santa Barbara, to tackle global questions. The idea is to get 10 of the world’s smartest experts in a room for a week, cut Read More →
Pacific Coast Business Times Staff | Friday, September 4th, 2009
Top Stories Santa Paula-based avocado distributor Calavo Growers said Sept. 3 that double-digit growth in fresh avocado sales fueled a 77 percent rise in profits to $2.5 million in the third quarter. Since the beginning of the year, Calavo’s profit has soared three-fold compared to 2008, from $3.7 million to $11.3 million. The third quarter earnings came Read More →
Pacific Coast Business Times Staff | Friday, September 4th, 2009
Top Stories Speaking to a crowd at the University of California, Santa Barbara, on Sept. 3, Dallas Federal Reserve Bank President Richard Fisher said that with businesses across the country dealing with overcapacity, deflation is still a greater worry to the U.S. economy than inflation. Fisher, who was invited to speak at UCSB by the Laboratory for Read More →
Pacific Coast Business Times Staff | Monday, August 31st, 2009
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Their philosophy is best summed up in the words of Wallace Stevens’ 1928 poem, “Thirteen Ways of Looking at a Blackbird.” I. Among twenty snowy mountains The only moving thing Was the eye of a blackbird “In these [thirteen] short, haiku-like stanzas, he creates depth and space with an economy of means,” said Read More →
Pacific Coast Business Times Staff | Monday, August 31st, 2009
Small Business Go to the Plug Nickel Restaurant for lunch during the work-week, and you’ll likely see a lot of suits and ties. The charming Westlake Village restaurant, known for its atmospheric dining, has sat tucked away in the city’s industrial park for 33 years. And now, the family-run business, which takes pride in offering its patrons Read More →
