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 →
Edison pays the price for mistakes
The California Public Utilities Commission has slammed Southern California Edison Co. with a $30 million fine and orders to refund more than $81 million to customers. The record fine was levied at the conclusion of a probe into Edison’s shady practices in winning maximum rewards for customer satisfaction from 1997 through 2003. Those rewards were Read More →
SLO
Business and political leaders in San Luis Obispo have shown a lot of moxie lately in their battle to restore air service to the county’s regional airport. After flying to Dallas in a vain attempt to get American Airlines to restore commuter service to Los Angeles, they remained undaunted. And their efforts were rewarded in Read More →
SLO jail may get $25M
More than $25 million toward expanding the women’s jail in San Luis Obispo may be on its way, Chief Deputy Rob Reid said Sept. 22. Reid said the grant is a key step toward going forward with the jail, which could cost up to $40 million. If the county meets conditions set by various state Read More →
Hospital may move ahead
In a letter to officials in Ventura County, federal prison health-care receiver J. Clark Kelso informed them he has decided to proceed with an environmental impact review to build a 1,500-bed adult prison hospital in Camarillo. Kelso said he will file a notice within four weeks that will start the environmental review process, which will Read More →
