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Select Staffing to shed debt, relinquish family control in Ch. 11

By   /  Friday, April 4th, 2014  /  Banking & Finance, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Select Staffing to shed debt, relinquish family control in Ch. 11

The reorganization will reduce the ownership stake held by the Sorensen family and ends a years-long search for a solution to the heavy debt load Select Staffing took on at the height of the credit bubble.

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Cheers to 100 years: Jordano’s kicks off centennial celebration

By   /  Friday, April 4th, 2014  /  Features, Restaurants, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Cheers to 100 years: Jordano’s kicks off centennial celebration

Pete Jordano, CEO of regional food and beverage distributor Jordano’s. The family-owned company will celebrate its 100th year in 2015. (Stephen Nellis / Business Times photo)

Jordano’s kicked off a year-long run-up to its 100th birthday celebration at its biannual food show.

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Coastal Commission sea-level rules could erode property rights

By   /  Friday, April 4th, 2014  /  Central Coast, East Ventura County, Green Coast, Real Estate, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Coastal Commission sea-level rules could erode property rights

The seas are rising, threatening billions of dollars of California’s coastal real estate. But the question of whether property owners can armor against the waves or must fall back as their holdings wash away is at the heart of an obscure policy document making its way through the California Coastal Commission. The rules would require Read More →

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The long view: TrueVision builds on 3-D surgery breakthroughs

By   /  Friday, April 4th, 2014  /  Health Care, South Coast, Technology  /  Comments Off on The long view: TrueVision builds on 3-D surgery breakthroughs

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Disease-carrying citrus psyllid found in SLO County

By   /  Tuesday, April 1st, 2014  /  Agribusiness, Central Coast, East Ventura County, South Coast, Tri-County Economy, West Ventura County  /  Comments Off on Disease-carrying citrus psyllid found in SLO County

The Asian citrus psyllid, a tiny pest that spreads a disease fatal to citrus trees, has been discovered in San Luis Obispo County for the first time. The bug was found in an insect trap at a home near Arroyo Grande, the San Luis Obispo County Department of Agriculture said on April 1, prompting agricultural Read More →

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Updated: Select Staffing files pre-packaged Ch. 11 bankruptcy

By   /  Tuesday, April 1st, 2014  /  Banking & Finance, South Coast, Top Stories  /  1 Comment

The Select Staffing Family of Companies, the Santa Barbara-based staffing services giant, filed a pre-packaged Chapter 11 bankruptcy on April 1 listing between $50 million and $100 million in debts and $100 million to $500 million in assets.

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Inogen swings to $18.2M profit in 2013

By   /  Friday, March 28th, 2014  /  Banking & Finance, Earnings, South Coast, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Inogen swings to $18.2M profit in 2013

Medical device maker Inogen notched $18.2 million in profits, or $1.10 per diluted share, on $75.4 million in revenue last year, the Goleta firm said in its first earnings report as a public company.

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