LaunchPoint Electric Propulsion Solutions, a Goleta company that makes electric engines and other components for the aerospace industry, has closed a fully subscribed second round of seed funding, the company announced Aug. 2. LaunchPoint did not disclosed details of the funding round, including the amount raised and the major investors. LaunchPoint was founded in 2018, Read More →
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After years of charging forward, U.S. stocks have gone into hibernation, at least according to the common definition of a bear market: a market-wide decline of 20% or more from a recent peak. Most major indices are down at least that much from their highs earlier this year, with the biggest losses coming June 13. Read More →
Apple’s announcement on June 6 that it would name its next Mac operating system “Ventura” was big news in the tech press, but no surprise to the people at the Visit Ventura, the city’s visitor and convention bureau. They’d been waiting for this moment for eight years, ever since Mike Laan, Visit Ventura’s director of Read More →
The Ventura County employee who says former County Executive Officer Mike Powers sexually and racially harassed her filed suit against the county and Powers on June 2. The woman, identified in the lawsuit only as “Jane Roe,” claims in the lawsuit that Powers, her immediate supervisor, subjected her to sexual and racial harassment and discrimination Read More →
The cannabis grower who bribed a San Luis Obispo County supervisor has been sentenced to 22 months in federal prison. Helios Dayspring, who also goes by “Bobby,” was sentenced on May 27 by U.S. District Judge André Birotte Jr. in his Los Angeles courtroom. Dayspring has also paid $3.4 million to the IRS as restitution Read More →
A real estate broker and developer from Arroyo Grande was in federal court May 26 on charges that he stole the identifies of employees and business associates to obtain more than $1.5 million in fraudulent pandemic relief loans. Alfred Nevis, 52, has been charged with wire fraud, aggravated identity theft and money laundering. He made Read More →