Watkins: California recovery will be soft
Don’t get too excited about those little signs of economic recovery, California Lutheran University economist Bill Watkins said June 29 in his latest state and federal economic forecast presentation. The recovery will be “soft,” especially in California, and there’s a “pretty high” chance of a double-dip recession, Watkins said during the unveiling of the CLU Read More →
Read More →Hearst buys Paso meat company
The Hearst Corp. announced June 9 that it has purchased the former Paso Robles Meat & Sausage Co. out of bankruptcy. The meat processing facility had been in receivership since June 2009 and was closed by a federal bankruptcy court in March, Hearst said. Hearst said it will lease the plant to Kaney Foods, which Read More →
Read More →Towbes wins Entrepreneur of the Year honors
Breaking a five-year drought for South Coast companies, Montecito Bank & Trust owner Michael Towbes won a coveted Ernst & Young Entrepreneur of the Year award for Greater Los Angeles. The awards were presented June 22 at the Beverly Hilton hotel. Towbes, who celebrated his 80th birthday last year, was the winner in the Financial Read More →
Read More →Cal Poly names temporary president
Cal Poly San Luis Obispo said June 18 that Robert Glidden, president emeritus of Ohio University, will serve as its new interim president as the school continues its search for a new leader. Glidden temporarily will fill the space vacated by longtime Cal Poly president Warren Baker, who announced his retirement last year after more Read More →
Read More →Inphi files for IPO
Semiconductor firm Inphi Corp. has filed documents to raise up to $115 million in an initial public offering on the New York Stock Exchange. Founded in 2000, Inphi designs high-speed chips for communications equipment and server memory modules. Though technically headquartered in Sunnyvale, it maintains significant operations in Westlake Village. The company has shipped 90 Read More →
Read More →14 from Ventura County face federal mortgage fraud charges
Fourteen Ventura County residents could face up to hundreds of years in federal prison for their connections to loan applications that generated $35 million in allegedly fraudulent mortgages. Federal and Ventura County authorities arrested 13 people on June 16 who prosecutors say filled out false loan applications on behalf of largely Spanish-speaking recruits. The applications Read More →
Read More →State reform group comes to Santa Barbara
About 50 area business leaders gathered in Santa Barbara on June 16 as California Forward, the Bay Area group promoting regional collaboration and reform of state government practices, held a seminar at the Cabrillo Arts Pavilion. The program was jointly hosted by the Economic Development Collaborative of Ventura County and the Santa Barbara-based Community Environmental Read More →
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