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By Stephen Nellis / Friday, December 9th, 2011 / Top Stories, Tourism, Tri-County Economy / Comments Off on Pierpont owner files Chapter 11
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By Stephen Nellis / Friday, December 2nd, 2011 / Top Stories, Tri-County Public Companies / Comments Off on Venoco, state tangle over oil royalties
[wikichart align=”right” ticker=”NYSE:VQ” showannotations=”true” livequote=”true” startdate=”02-06-2011″ enddate=”02-12-2011″ width=”300″ height=”245″] Venoco faces allegations from the State Lands Commission that it underpaid the state $9.5 million for the oil pumped from Platform Holly off the Goleta coast. The claims came in a lawsuit filed Nov. 16 by the State Lands Commission in Santa Barbara Superior Court. It Read More →
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By Stephen Nellis / Friday, December 2nd, 2011 / Banking & Finance, Technology, Top Stories, Tri-County Public Companies / Comments Off on Lenco Mobile proposes $42M merger deal
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By Stephen Nellis / Friday, November 25th, 2011 / Top Stories / 1 Comment
DenMat, the maker of Lumineers dental veneers and a major Santa Maria employer, has a new owner and a new chief executive. Centre Partners, a private equity firm, and Mill Street Partners, a firm founded this year by dentistry industry veterans, took control of the company on Nov. 15. The acquisition comes four years after Read More →
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By Marlize van Romburgh / Friday, November 25th, 2011 / Real Estate, Top Stories, Tourism / Comments Off on El Encanto gets $45M in financing, plans to open next year
The international hotel firm behind El Encanto Hotel in Santa Barbara has received $45 million in construction financing for the project and plans to open the luxury hilltop villas by late 2012. When all is said and done, Orient-Express Hotels will have spent more than $90 million to buy and renovate a project it’s not Read More →
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By Stephen Nellis / Friday, November 18th, 2011 / Top Stories / 3 Comments
[EDITOR’S NOTE: This story was updated and corrected at 1:45 p.m. on Nov. 21. Scroll to the bottom for the correction.] The State Compensation Insurance Fund and the region’s biggest private company are taking off the gloves in a fight over a $50 million fraud judgment. At issue is whether an $80 million dividend paid Read More →
