Region
While a volatile quarter in the financial sector has translated to a string of extreme ups and downs in the stock market, regionally based public companies have come out on top. “The whole arrangement of Wall Street in 10 days changed what took 75 years to build,” said Mark Fingerlin, executive vice president of Read More →
Credit woes put Kreido
Camarillo-based Kreido Biofuels has given itself two months to live. In recent filings with the U.S. Securities and Exchange Commission, the development-stage renewable energy company said it has enough money to keep going until the end of November. Its net losses for the six months ended June 30 soared 908 percent, from $1.7 million in Read More →
Judge delays Wells Fargo deal for Wachovia
A New York state judge temporarily agreed to block the sale of Wachovia to Wells Fargo on Oct. 4, Citigroup officials announced in a news release. State Supreme Court Justice Charles Ramos issued the order blocking the sale of Wachovia Corp., which Wells Fargo & Co. had agreed to purchase in a $14.8 billion deal. Read More →
