What did Mozilo know? When did he know it?
Countrywide Financial Corp.’s name is headed into the sunset, signaling that the once-formidable mortgage giant is now safely tucked into the Bank of America family of product lines. But there’s still plenty of reason to believe that Countrywide and its once high-flying founder-CEO Angelo Mozilo will remain in the headlines. For one thing, it’s clear Read More →
Read More →Togetherness, Ventura-style
Ventura County has taken a bold step in addressing the dire financial straits facing thousands of families in our region. The county’s United Way organization, its Community Foundation and others have founded “Ventura County Together,” a relief effort focused on food, shelter and access to health care. In just one example provided by Dave Smith Read More →
Read More →Dole suit dismissed
A Los Angeles Superior Court Judge tossed out two remaining lawsuits April 23 brought by Nicaraguan plaintiffs against Westlake Village-based Dole Food Co. and two other companies. The decision was made in response to evidence that the plaintiffs — and some of their attorneys — fabricated their claims, engaged in a long-running conspiracy to commit Read More →
Read More →Levee gets repair funding
Congresswoman Lois Capps, D-Santa Barbara, announced on April 28 that the Army Corps of Engineers will grant $40.2 million in federal funding to repair the Santa Maria River Levee. The funding is being made available as part of the American Recovery and Reinvestment Act, which Congress passed earlier this year. The funds come after years Read More →
Read More →Cruise ships come to SB
The Princess Cruise Lines Sapphire Princess and Star Princess are skipping Cinco de Mayo in Mexico because of the swine flue outbreak and will instead visit Santa Barbara May 2, 3 and 10 as an alternative port stop. Santa Barbara Harbor has, on average, one or two cruise ship visits per year. The sister cruise Read More →
Read More →Pacific Capital reports $7.9M net loss in Q1
Pacific Capital Bancorp, parent company of Santa Barbara Bank & Trust and the largest banking company in the Tri-Counties, said April 30 that it saw a net loss of $7.9 million, or 17 cents per diluted share, in the first quarter of 2009. In the same period last year, the company raked in a profit Read More →
Read More →UCSB scores $19M in stimulus money
The University of California, Santa Barbara, has landed $19 million in federal stimulus money for new energy research. The money will come in payments of $2 million to $5 million a year over the next five years. The university said the funding will help it improve technologies for efficient lighting, capturing solar energy and converting Read More →
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