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By Stephen Nellis / Friday, July 26th, 2013 / Technology, Top Stories / Comments Off on Calient snags $27M amid bandwidth boom
Santa Barbara-based photonics firm Calient Technologies has raised $27 million in venture capital and hired a new chief financial officer to lead growth. The latest funding round brings Calient’s total raised over the past two years to $46.4 million. Calient’s core technology is what are called micro electromechanical devices — MEMs for short. On a Read More →
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By Stephen Nellis / Friday, July 26th, 2013 / Technology, Top Stories / Comments Off on Mentor inks deal and gets FDA approval for new implants
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By Stephen Nellis / Friday, July 19th, 2013 / Technology, Top Stories / Comments Off on Honda deal accelerates Clean Diesel business
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By Stephen Nellis / Friday, July 19th, 2013 / Top Stories, Tri-County Economy / Comments Off on Defense furloughs ripple across region’s bases
More than 6,100 civilian Department of Defense employees in the Tri-Counties have started taking one-day-a-week unpaid furloughs between now and the end of September. But economic experts expect the immediate impact to be minimal. Any deep effects on the regional economy aren’t likely to emerge unless and until families begin to feel their net worth Read More →
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By Dana Olsen / Friday, July 12th, 2013 / Real Estate, Top Stories, Tourism / Comments Off on Waterfront Hyatt in Santa Barbara sells for $61M
Two years after the historic Hotel Mar Monte was rebranded as the Hyatt Santa Barbara, the property has changed hands for more than $60 million. Chesapeake Lodging Trust, a Maryland-based hotel investment company, purchased the 171-room hotel from a Hyatt Hotel Corp. affiliate for $61 million, or $305,000 per room. In a July 1 announcement, Read More →
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By Stephen Nellis / Friday, July 12th, 2013 / Banking & Finance, Technology, Top Stories / Comments Off on Lastline raises $10M in fresh funding
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By Dana Olsen / Friday, July 12th, 2013 / Top Stories, Tri-County Economy / Comments Off on Analysis: Region’s students take on less college debt than peers do
[EDITOR’S NOTE: Correction appended below] While the college debt crisis has been making national headlines in recent years, students who graduated from a California school are faring relatively well compared to their counterparts in other states. According to a report from CNBC, Americans now have more student loan debt than credit card debt, with a Read More →
