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Transphorm gets $3.6M grant

By   /  Tuesday, October 4th, 2011  /  Green Coast, Latest news, Technology  /  Comments Off on Transphorm gets $3.6M grant

Transphorm, the Goleta-based energy efficiency firm backed by $63 million from Google and other investors, has received a $3.6 million federal grant to improve solar panels. Transphorm’s technology uses a semiconducting material called gallium nitride to drastically reduce heat waste in electronic systems. The grant from the U.S. Department of Energy went to Transphorm in Read More →

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Vitesse slashes workforce, dims sales outlook

By   /  Monday, October 3rd, 2011  /  Latest news, Technology, Tri-County Public Companies  /  Comments Off on Vitesse slashes workforce, dims sales outlook

Vitesse Semiconductor, the Ventura County chipmaker rocked by a stock-options scandal in 2006, has laid off 10 percent of its workforce and shuttered one of its Camarillo facilities. Vitesse disclosed the pink slips in a regulatory filing Oct. 3. The company said it ended its lease on facilities at 4721 Calle Carga and terminated 10 Read More →

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Forecast: Crummy, with a slight chance of worse

By   /  Friday, September 30th, 2011  /  Latest news, Tri-County Economy  /  Comments Off on Forecast: Crummy, with a slight chance of worse

The professional services and hospitality industries are leading the South Coast’s private-sector job creation, with each adding about 1,000 jobs since the recession ended.

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Memorial slated for SLO attorney

By   /  Thursday, September 29th, 2011  /  Latest news, Law & Goverment  /  2 Comments

Phil Steiner, a well-known intellectual property attorney in San Luis Obispo, died on Sept. 25. He was 55. A memorial is planned for Steiner at the Madonna Inn in San Luis Obispo at 11 a.m. on Friday, Sept. 30. Steiner was instrumental in establishing the intellectual property section of the San Luis Obispo County Bar Read More →

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Watkins: Slow growth ahead

By   /  Tuesday, September 27th, 2011  /  Latest news, Real Estate, Tri-County Economy  /  1 Comment

California faces at least two quarters of very slow growth next year, with continued job losses and a decline in home prices that likely will extend to 2013. That was the grim news from California Lutheran University economist Bill Watkins, who spoke to about 300 people at a Sept. 27 forum hosted by Montecito Bank Read More →

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Ventura County Business Bank acquired

By   /  Monday, September 26th, 2011  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Ventura County Business Bank acquired

Oxnard-based Ventura County Business Bank has been acquired by Royal Business Bank for an undisclosed amount. Ventura County Business Bank’s two branches, in Oxnard and Westlake Village, officially opened as a subsidiary of Royal Business Bank on Monday, according to a news release, and will continue to operate under their original name until February. For Read More →

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French firm plucks Dole division

By   /  Tuesday, September 20th, 2011  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on French firm plucks Dole division

Dole Food Co. said Sept. 20 that it was selling its ripening and distribution businesses in Spain and Portugal, known as Dole Spain, to the Compagnie Fruitière Group. Terms of the sale, expected to close in November, were not disclosed. Westlake Village-based Dole holds a non-controlling 40 percent stake in Compagnie Fruitière. The other 60 Read More →