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Layoffs, budget cuts hit cities, counties

By   /  Monday, July 5th, 2010  /  Top Stories  /  Comments Off on Layoffs, budget cuts hit cities, counties

In what’s become an annual blood-letting ritual in California, local governments in the Tri-Counties passed budgets for the new fiscal year that add up to tens of millions of dollars in spending cuts and dozens of lost jobs. A survey by the Business Times of the three county governments and the 25 cities in the Read More →

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Financial planner faces lawsuits

By   /  Monday, July 5th, 2010  /  Top Stories  /  Comments Off on Financial planner faces lawsuits

Ian Filippini, the young president of Montecito-based Filippini Financial Group, filed for personal bankruptcy in April, listing $4.4 million in liabilities. Along with his firm, he faces five civil lawsuits asking for more than $3 million in damages.   Filippini’s legal troubles come just a year after formally taking the family firm over from his Read More →

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A bright future: SLO solar firm sees big growth ahead

By   /  Monday, July 5th, 2010  /  Top Stories  /  Comments Off on A bright future: SLO solar firm sees big growth ahead

In four years, San Luis Obispo-based Mainstream Energy Corp. has grown from a head count of fewer than 100 employees to nearly 600 employees and $150 million in annual sales. It recently signed on Kam Mofid, a veteran of large firms such as Teleflex, Pratt & Whitney and General Motors, as president to expand the Read More →

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Commercial foreclosures pile up in Ventura County

By   /  Monday, June 28th, 2010  /  Top Stories  /  Comments Off on Commercial foreclosures pile up in Ventura County

As multimillion-dollar foreclosures continue to hit Ventura County, commercial real estate insiders and observers are worried that the pain in the market is a long way from over. “We have a recovery in place, but it’s a very, very slow and weak recovery,” said Kirk Lesh, the senior real estate economist at California Lutheran University Read More →

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Summer ales: Breweries in season in Santa Ynez Valley

By   /  Monday, June 28th, 2010  /  Top Stories  /  Comments Off on Summer ales: Breweries in season in Santa Ynez Valley

A craft beer movement is brewing in the heart of Santa Barbara County’s wine country. By the end of summer, the Santa Ynez Valley — on the national radar as prime California wine country since the 2004 film “Sideways” — will have two companies brewing beer in hand-crafted batches. Figueroa Mountain Brewing Co. is retrofitting Read More →

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Robert Caron, investor and attorney, dies at 52

By   /  Friday, June 25th, 2010  /  Top Stories  /  Comments Off on Robert Caron, investor and attorney, dies at 52

Robert Troy “Bobby” Caron, a Camarillo lawyer and investor who was awaiting trial on fraud charges, died June 17 after fighting brain cancer for seven years. He was 52. At various times in his career, Caron was a personal injury lawyer, a sports agent, a lawyer and adviser to boxer Fernando Vargas, a strawberry investor Read More →

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Broadband stimulus cash lands at Occam

By   /  Monday, June 21st, 2010  /  Top Stories  /  Comments Off on Broadband stimulus cash lands at Occam

In one of the biggest stimulus grants to filter down to a tri-county business, Goleta-based Occam Networks will supply equipment for a $101 million project to bring broadband access to rural Western Kansas. Occam will provide networking equipment to Kansas-based Rural Telephone’s Nex-Tech, which will connect 23,000 households and businesses across 4,600 square miles. “In Read More →

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