Pacific Coast Business Times

09/16/2025

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09/10/2025

For decades, the traditional investment model has been a set-it-and-forget-it approach: keep 95% in a mix of stocks and bonds, 5% in cash, and let the “long term” work its magic.

That works fine for young investors adding new money during dips. But for retirees taking withdrawals, especially those with Required Minimum Distributions that must increase every year, no matter what your account does per the IRS, that same strategy can be lethal.

By John Grace For decades, the traditional investment model has been a set-it-and-forget-it approach: keep 95% in a mix of stocks and bonds, 5% in cash, and let the “long term” work its magic. That works fine for young investors adding new money during dips. But for retirees taking withdrawals, ...

09/10/2025

Former congressman Elton Gallegly, R-Simi Valley, and California Lutheran University announced Sept. 8 that they have resolved Gallegly’s 2021 breach of contract lawsuit against the school.

“Through open dialogue, the Gallegly’s and CLU have resolved their differences and are focused on the shared values that originally brought them together to create the University’s Elton and Janice Gallegly Center for Public Service and Civic Engagement,” the parties said in a press release.

Former congressman Elton Gallegly, R-Simi Valley, and California Lutheran University announced Sept. 8 that they have resolved Gallegly’s 2021 breach of contract lawsuit against the school. “Through open dialogue, the Gallegly’s and CLU have resolved their differences and are focused on the sh...

09/05/2025

Thousand Oaks-based Teledyne Technologies, the technology and defense conglomerate, announced Aug. 28 that it has entered into an agreement to acquire the TransponderTech business from Saab AB. The acquisition includes a portfolio of connected commercial maritime products, including Automatic Identification System, VHF Data Exchange System, and Global Navigation Satellite System technologies.

Thousand Oaks-based Teledyne Technologies, the technology and defense conglomerate, announced Aug. 28 that it has entered into an agreement to acquire the TransponderTech business from Saab AB. The acquisition includes a portfolio of connected commercial maritime products, including Automatic Identi...

09/05/2025

The Colleges of Law in Santa Barbara and Ventura has a new dean.

Brandy Price, who served as interim dean for two months, has accepted the permanent dean position as well as the chief academic officer post.

Price’s appointment was announced on LinkedIn by the school’s president, Matthew Nehmer, last month and reported by the Business Times then.

Brandy Price has been appointed the new dean of The Colleges of Law in Santa Barbara and Ventura. (courtesy photo) The Colleges of Law in Santa Barbara and Ventura has a new dean. Brandy Price, who served as interim dean for two months, has accepted the permanent dean position as well as the chief a...

09/04/2025

A federal grand jury on Sept. 3 indicted a CSU Channel Islands professor who is charged with throwing a tear gas canister at federal immigration agents during a July 10 raid at Glass House Farms’ cannabis facility in Camarillo.

Jonathan Caravello, 37, of Ventura, is charged with one count of assault on a federal officer using a deadly or dangerous weapon.

A federal grand jury on Sept. 3 indicted a CSU Channel Islands professor who is charged with throwing a tear gas canister at federal immigration agents during a July 10 raid at Glass House Farms’ cannabis facility in Camarillo. Jonathan Caravello, 37, of Ventura, is charged with one count of assau...

09/04/2025

San Luis Obispo-based Rose Care Group on Sept. 3 announced the appointment of longtime healthcare veteran Alan Iftiniuk as CEO.

The senior care provider also announced the addition of home health and hospice services to include its sister companies Aevum Home Health and Aevum Hospice.

Former French Hospital Medical Center president and CEO Alan Iftiniuk has been named CEO of Rose Care Group. (courtesy photo) San Luis Obispo-based Rose Care Group on Sept. 3 announced the appointment of longtime healthcare veteran Alan Iftiniuk as CEO. The senior care provider also announced the ad...

09/02/2025

Wedgewood Weddings/Hospitality Group is under a new private equity umbrella as TJC, formerly known as The Jordan Company, announced that it has closed the acquisition of Wedgewood.

Prospect Partners, a leading private equity firm investing in pre-middle market companies based in Illinois, first announced that it had sold its majority stake in Wedgewood TJC in June. Though exact numbers were not released, the sale was over $100 million and is considered one of the biggest sales of any non-hotel hospitality group.

Wedgewood Weddings/Hospitality Group is under a new private equity umbrella as TJC, formerly known as The Jordan Company, announced that it has closed the acquisition of Wedgewood. Prospect Partners, a leading private equity firm investing in pre-middle market companies based in Illinois, first anno...

09/02/2025

Here on California’s South Coast, small businesses are the backbone of our economy. From family-owned manufacturers and food producers to specialty retailers and service providers, our region thrives because of the entrepreneurial spirit that defines our communities.

Our work in public policy and advocacy to support business includes carefully watching State legislation that has local impacts. That’s why we’ve been tracking the development of SB 54, the state’s landmark plastic packaging and recycling law.

By Kristen Miller Here on California’s South Coast, small businesses are the backbone of our economy. From family-owned manufacturers and food producers to specialty retailers and service providers, our region thrives because of the entrepreneurial spirit that defines our communities. Our work in ...

08/29/2025

Simi Valley-based Chatsworth Products is looking to expand its manufacturing capabilities to meet the growing demand for hyperscale, AI-driven, and enterprise data center infrastructure, the company said in an Aug. 19 press release.

Part of the company’s plan is to expand its manufacturing facility in New Bern, North Carolina — the first part of a multi-year strategy. The expansion underscores CPI’s commitment to providing the infrastructure solutions required for large-scale deployments while maintaining adaptability in response to market demands.

Simi Valley-based Chatsworth Products is looking to expand its manufacturing capabilities to meet the growing demand for hyperscale, AI-driven, and enterprise data center infrastructure, the company said in an Aug. 19 press release. Part of the company’s plan is to expand its manufacturing facilit...

08/29/2025

A new report from global talent solutions provider Robert Walters highlights how many U.S. professionals are having their periods of leave overshadowed due to experiencing “paid-time off anxiety.”

According to the survey, 74% of US professionals report feeling anxious upon returning to work after taking PTO, with 66% admitting to implementing firefighting tactics to reduce the backlog of work they’ll return to.

A new report from global talent solutions provider Robert Walters highlights how many U.S. professionals are having their periods of leave overshadowed due to experiencing “paid-time off anxiety.” According to the survey, 74% of US professionals report feeling anxious upon returning to work afte...