Grumpy taxpayer now owns Fannie and Freddie
There is a difference between making up the rules and actually having to follow them. When it comes to the government’s takeover of Fannie Mae and Freddie Mac, we are all about to find out how expensive following the rules is going to be. Fannie and Freddie’s nationalization by the Treasury Department on Sept. 7 Read More →
Ins and outs of import-export
Even in a lackluster economy, one Ventura County expert says now’s the time for small tri-county businesses to consider jumping into the international import-export trade. “U.S. exports are up 18 percent,” said Ray Bowman, who with his wife, Leana, runs Oxnard-based Bowman Business Services. “There are huge opportunities.” Bowman, who has 20 years of experience Read More →
Cottage refinances bonds
In coming days, Cottage Health System plans to issue a series of new bonds totaling more than $250 million to replace previously issued auction-rate instruments. The funding will be used for the completion of major construction plans under way by Cottage
Home market recovery to be sharp, fast
According to one Central Coast expert, it won’t be too long before the region sees a fast and sharp recovery of the residential market. At the First American Title 2008 Real Estate and Economic Outlook for Ventura County, or FATCO, presented Sept. 4 at the Hyatt Westlake Village, a crowd of several hundred waited for Read More →
Tech firms capturing capital
Despite its small size compared to Silicon Valley, Santa Barbara is emerging as a major player in Web-based applications and computing. Tri-county technology companies racked up at least $23 million in venture capital and angel investments in the second quarter of 2008. The bulk of that investment went into Santa Barbara-based Web software startups: Appfolio, Read More →
Global Feet
The parent company of Carpinteria-based Global Feet appears to be facing problems, including a plunging stock price, tapped out credit lines, lax financial reporting controls, missing accounting records and a threat from the OTC Bulletin Board to quit quoting the company, according to SEC filings. Global Feet is the company formed by Killick Datta, the Read More →
