Safeway expansion at Rancho Del Mar could mean other stores moving out
APTOS Safeway’s plans to remodel and expand its 31,000-square-foot store to 60,000 square feet in Rancho Del Mar have business owners in the shopping center wondering about their future. Officials with Safeway, which bought the 50-year-old shopping center from the longtime owners, the Fenton family, met with business owners Friday to share preliminary plans. Safeway [...]
‘Tent embassy’ protesters urged to move on
A clash is looming at an Aboriginal “tent embassy” in Perth after the police commissioner urged the city council to order the protesters off a public reserve. Protesters have been camped at Heirisson Island on the Swan River since mid-February, saying they oppose the state government’s proposed $1 billion native title deal with the Noongar people of the [...]
Union Bank buying Santa Barbara Bank & Trust for $46 a share; will gain Watsonville branch
WATSONVILLE – Eighteen months after Texas investors Carl Webb and Gerald Ford put $500 million into the troubled Pacific Capital Bancorp, where the price had fallen to 25 cents per share, their bet is paying off. Union Bank, a subdiary of Mitsubishi UFJ Financial Group, offered the new ownership $46 a share in cash, and [...]
Apex aims to turnaround Wiluna gold mine
Gold mining veteran and chairman of Drummond Gold Eduard Eshuys is to take over as chairman of Apex Minerals as part of a rescue of the embattled miner that includes a $22.2 million capital raising. The turnaround strategy includes the proposed appointment of a new corporate and operational management team featuring directors of Drummond and intends [...]