Obituary: PennyMac founder Stanford Kurland
EDITOR’S NOTE: This article was updated Jan. 27 to include the fact that Kurland died of complications from COVID-19. Stanford Kurland made a fortune from his first foray into mortgage banking, and his timely exit from Countrywide Financial came just before the housing bubble burst. His second foray made him even richer, but it also Read More →
Read More →California lifts stay-home orders as ICU capacity grows; COVID remains “widespread” in region
California Gov. Gavin Newsom lifted the state’s regional stay-home orders Monday morning, paving the way for the return of outdoor restaurants service and a few other business activities. Ventura, Santa Barbara and San Luis Obispo counties are now back in the “purple” or “widespread” tier of the state’s color-coded pandemic regulations—the most restrictive level, but Read More →
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Wall Street loves AeroVironment’s latest acquisition
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Read More →Community choice aggregator brings new energy option to Santa Barbara County
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Read More →Unemployment in region, state rose in December as pandemic worsened
The tri-county region’s combined unemployment rate shot up from 6% in November to 7.4% in December as a wave of COVID-19 cases brought the most widespread business closures since the spring. The rest of the state suffered a similar fate, with California’s unemployment rate going from 8.1% in November to 9% in December, according to Read More →
Read More →Ventura County sues more gyms, restaurants for defying health order
Mrs. Olson’s Coffee Hut in Oxnard lost its permit to serve food on Dec. 22, but it was open and serving customers both inside and outside as recently as Jan. 20. None of the restaurant’s neighbors at Channel Islands Harbor were serving diners on-site, following the state’s ban against indoor and outdoor dining service in Read More →
Read More →CLU shifts biggest-ever gift to entrepreneurship center, scholarships
In the latest demonstration of how the COVID-19 pandemic has affected philanthropy in the region, California Lutheran University announced Jan. 20 that a major gift to its School of Management will be repurposed to support entrepreneurship programs and scholarships. CLU President Lori Varlotta said Steve Dorfman, a retired technology and aerospace executive who had given Read More →
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