Countrywide deal defended
Bank of America Corp. Chief Executive Officer Kenneth Lewis said his planned purchase of Countrywide Financial Corp. – Ventura County’s second-largest employer – is “compelling” because it will provide gains even if U.S. home prices drop by 25 percent in the next two years, as the bank expects. Taking over Countrywide, the home-lender that all Read More →
Read More →Interlink cuts workforce
John A. Buckett, II, chairman and interim chief executive officer of Interlink Electronics in Camarillo, said as part of the company’s reorganization, 14 full-time employees and 30 part-time employees were given notice on May 27 that their employment with Interlink was terminated immediately. Interlink now has a total of 205 full-and part-time employees. As Read More →
Read More →FedEx drops Kinko
FedEx Corp., the largest air-cargo shipper, will record a cost of $696 million to rename the Kinko’s unit as FedEx Office to win more large business customers. The non-cash charge of $2.22 a share will be taken in the fiscal fourth quarter, which ended on May 31, FedEx said in a June 2 statement. The Read More →
Read More →Balance the state budget
In the train wreck that is the California state budget, one of the biggest fiscal derailments concerns the creation of a new class of highly paid bureaucrats. Quoting a recent survey by the San Francisco Chronicle, the Ventura County Taxpayers Association reports that state workers’ salaries have increased by an eye-popping 37 percent in just Read More →
Read More →Cal Poly student gets jump on business
Arvand Sebetian soon will graduate from California Polytechnic State University, San Luis Obipso, with a civil engineering degree. He can then add “college graduate” to his other title: owner of a successful small business that brings in revenue of about $200,000 a year. For the past five years, Sebetian has run Arvixe, a Web hosting Read More →
Read More →Reach for the red planet
ATK Space Systems in Goleta celebrated last month when its solar panels and a boom arm, part of the Phoenix Lander mission to Mars, worked perfectly. Its future projects could get help from a test monitoring system designed by five undergraduate students at the University of California, Santa Barbara. Like many South Coast technology companies, Read More →
Read More →Limoneira Co. works magic with Santa Paula residents
Like Roswell or Area 51, East Area One has a name that implies mystery, controversy and drama. Fitting for a roughly 500-acre expanse of mostly undeveloped agricultural land that – despite its location off of Ventura County’s beaten path – has been a hot topic of discussion for years … especially now that East Area Read More →
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