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By Jorge Mercado / Monday, October 26th, 2020 / Latest news, Tri-County Economy, West Ventura County / Comments Off on Port of Hueneme coming back strong from pandemic
Business at the Port of Hueneme bounced back from the COVID-19 pandemic much quicker than management expected, allowing the port to keep its focus on the environment, port officials said at their 2020 “State of the Port” address on Oct. 15. When the shutdown started in March, all 10 of the automobiles manufacturers that use Read More →
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By Staff Report / Monday, October 26th, 2020 / Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies / Comments Off on Driven by pandemic loans, American Riviera Bank reports record earnings
American Riviera Bank saw its net income rise sharply this year, with a 46 percent increase in net income in third quarter earnings year-over-year. The Santa Barbara-based bank reported $2.26 million in net income the quarter, or 45 cents per share. For the same quarter in 2019, the bank had $1.55 million in net income, Read More →
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By Staff Report / Monday, October 26th, 2020 / Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies / Comments Off on Earnings up at Community West Bank
Community West Bancshares, the holding company for Goleta-based Community West Bank, saw net income and net interest income rise in the third quarter, according to the company’s latest financial filings. The bank reported a net income of $2.9 million, or 33 cents per diluted share, as compared to $2.2 million, or 25 cents per diluted Read More →
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By Amber Hair / Friday, October 23rd, 2020 / Agribusiness, East Ventura County, Energy, Latest news, right, Top Stories, Tri-County Economy, West Ventura County / Comments Off on Ventura County hit with lawsuits over General Plan
More than half a dozen groups have sued Ventura County in response to the county’s recently adopted 2040 General Plan. The plan went into effect Oct. 15, 30 days after it was passed by the Ventura County Board of Supervisors. Several of the groups that filed suit against the county are oil and energy interests Read More →
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By Henry Dubroff / Thursday, October 22nd, 2020 / Columns, Latest news, South Coast, Subscriber content, Tri-County Economy / Comments Off on Dubroff: Dive boat fire an avoidable tragedy, and a double standard
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By Jorge Mercado / Wednesday, October 21st, 2020 / Banking & Finance, Earnings, East Ventura County, Latest news, Technology, Tri-County Economy, Tri-County Public Companies / Comments Off on Teledyne reports earnings dip
Despite a dip in earnings and sales compared to last year, Teledyne Technologies beat analysts’ expectations with net income of $93.9 million in the third quarter, the company announced Oct. 21. Analysts estimated that Teledyne’s diluted earnings per share would be $2.36 in the third quarter, according to estimates compiled by the Wall Street Journal. Read More →
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By Tony Biasotti / Tuesday, October 20th, 2020 / Latest news, South Coast, Tourism, Tri-County Economy / Comments Off on NTSB: Night watch could have saved dive boat passengers
The sinking of the dive boat Conception in the Santa Barbara Channel last year and the death of 34 people on board was caused by the failure of Truth Aquatics, the boat’s owner, to properly oversee its vessel and crew, the National Transportation Safety Board ruled on Oct. 20. The boat, a 75-foot recreational diving Read More →
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