BuenaVentura struggles toward finish line
The complicated legal battle between Banco BuenaVentura and its landlord took another strained step forward as lawyers traded barbs at a hearing on Sept. 14. During the proceedings, Judge Henry Walsh wondered aloud at the “hidden agendas” in the “hotly contested” dispute surrounding the failed Oxnard bank. He’s not the only one. The legal Read More →
GreatWay presents
The Best of Success roofing industry conference selected Rod Menzel for a presentation at its fifth annual conference in Nashville, Tennessee. Menzel is the founder of GreatWay Roofing, a commercial and residential roofing company. He was also selected as this year’s winner in the Green Business category for the Business Times’ Spirit of Small Business Read More →
Dole banana saga continues
A federal judge in Miami said he may decide that Westlake Village-based Dole Food Inc. can’t be forced to pay a Nicaraguan court’s $97 million verdict awarded to banana plantation workers, Bloomberg News reported. In a Sept. 4 hearing, U.S. District Judge Paul C. Huck said that he didn’t see how he could sustain Read More →
Local economist: Real estate will unfreeze slowly
Luxury home prices are likely to remain frozen at current levels for a long time, a lingering effect of the panic that disrupted financial markets a year ago, a top economist said in Santa Barbara. Speaking on the anniversary of the collapse of Lehman Brothers, California State University Channel Islands economist Sung Won Sohn said Read More →
Region loses reputation as safe haven for jobs
The Tri-Counties have historically faired well in bad times, but the latest unemployment figures released by the U.S. Labor Department show that California’s budget woes and the nationwide recession may have finally begun to catch up to the region. While the highest unemployment rate in the Tri-Counties is in Ventura County, Santa Barbara and San Read More →
Tuning in profits
The raucous public debate over health care reform has given shares of Camarillo-based Salem Communications a healthy 375 percent boost. Salem owns a nationwide network of Christian and conservative talk radio stations. Opponents of health care reform have spent millions to get their message out to just such an audience, and investors seem to think Salem Read More →
