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Kmart store in Arroyo Grande to close down

By   /  Thursday, January 4th, 2018  /  Central Coast, Latest news, Real Estate, Small Business  /  Comments Off on Kmart store in Arroyo Grande to close down

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Kmart sued for violating UCSB patent on LED bulbs

By   /  Friday, September 30th, 2016  /  Columns, Law & Goverment, right, Technology  /  Comments Off on Kmart sued for violating UCSB patent on LED bulbs

A South Korean semiconductor company recently sued Kmart for allegedly violating a UC Santa Barbara professor’s patent on LED light bulbs. Seoul Semiconductor sued Kmart Corp. in federal court in Los Angeles Sept. 9 for allegedly violating several patents, including one owned by UCSB Professor Shuji Nakamura. The lawsuit accuses Kmart of making, using, importing Read More →

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Goodbye to Haggen grocery stores

By   /  Friday, October 2nd, 2015  /  Op/Eds  /  Comments Off on Goodbye to Haggen grocery stores

Wikipedia states that strategic bankruptcy occurs when an otherwise solvent company makes use of the bankruptcy laws for a specific business purpose.  An example of this was in 2002 when Kmart filed a Chapter 11 bankruptcy. Kmart had a severe cash flow problem because it was locked into long-term leases at premium rates with respect Read More →

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China finds out the hard way that it isn’t easy to knock off No. 1

By   /  Friday, August 21st, 2015  /  Columns  /  Comments Off on China finds out the hard way that it isn’t easy to knock off No. 1

China’s sudden move to devalue its currency earlier this month has caused a lot of hand-wringing and cost hedge funds a ton of money. But it also teaches a lesson that often is learned painfully — it’s easy to lose your way when you try to be No. 1. That’s why I think the yuan Read More →

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Goleta nonprofit Direct Relief moving forward with building

By   /  Friday, August 7th, 2015  /  Columns, Nonprofits, Real Estate  /  Comments Off on Goleta nonprofit Direct Relief moving forward with building

Goleta-based nonprofit Direct Relief is one step closer to building a new 155,000-square-foot facility by the Santa Barbara Airport where it could produce and distribute humanitarian aid, medicine and other vital supplies to impoverished and disaster-stricken communities around the world. The Santa Barbara Architectural Board of Review continued the project after its first concept review Read More →