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By Marlize van Romburgh / Monday, October 25th, 2010 / Real Estate, Top Stories, Tri-County Economy / Comments Off on Foreclosure freeze won
As the nation’s largest home lenders continue their self-imposed foreclosure freezes, economists in the tri-county region say the residential real estate market’s search for the bottom is being delayed. The Tri-Counties had more than 1,200 homes in foreclosure at the end of the second quarter, according to information from research firm DataQuick. That’s up more Read More →
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By Marlize van Romburgh / Monday, October 25th, 2010 / Top Stories, Tri-County Economy / Comments Off on Foreclosure fiasco’s ground zero: Ventura County offices churned out paperwork
Ask her how many foreclosure documents she worked through in a day at Countrywide Financial Corp., and Linda Martins-Mann says the pace was fast. “I didn’t count how many I processed, but it was a lot,” she said. “Maybe about 500 a day.” Martins-Mann was a foreclosure technician at Countrywide’s Simi Valley offices until the Read More →
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By Marlize van Romburgh / Monday, October 25th, 2010 / Columns, Real Estate, Small Business / Comments Off on SBA-backed deals are propping up commercial real estate market
Small businesses are starting to look like the heroes in the commercial real estate market’s turnaround tale. Businesses buying property for their own use, also known as owner-users, have fueled a number of deals in the Tri-Counties recently, many of them aided by financing through U.S. Small Business Administration lending programs. In Oxnard, Industrial Park Read More →
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By Henry Dubroff / Monday, October 25th, 2010 / Columns, Opinion / Comments Off on Totaling up the hefty price tag of Mozilo
The lifetime ban against former Countrywide Financial Corp. CEO Angelo Mozilo serving as an officer or director of a public company may be the most positive result to come from his settlement of a U.S. Securities and Exchange Commission complaint. But Mozilo’s company and his conduct created a decade-long road to economic ruin that reached Read More →
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By Stephen Nellis / Monday, October 25th, 2010 / Features, Technology / Comments Off on TrueVision sets its sights on Chinese market
TrueVision Systems, a Santa Barbara-based surgical technology firm, has sealed a deal to create a joint venture with a Chinese medical device company and will soon begin selling its gear in China. TrueVision makes a big-screen, 3-D display system that attaches to a surgeon’s microscope — think “Avatar” meets brain and eye surgery. The startup Read More →
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By Stephen Nellis / Monday, October 25th, 2010 / Features, Technology / Comments Off on Facebook doesn’t forget
Like it or not, about four in five businesses Google their prospective hires and look at public Facebook profiles. Santa Barbara-based Social Intelligence Corp. wants to take that task off their hands. The reason is that unstructured online sleuthing can put an employer in a thorny position. One the one hand, businesses can be sued Read More →
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By Staff Report / Monday, October 25th, 2010 / Latest news, Technology / Comments Off on FDA OKs Aranesp for pre-dialysis patients
Amgen’s anemia treatment Aranesp is safe for kidney patients whose disease doesn’t require dialysis, a federal panel announced Oct. 18 in response to a study that found the drug could increase stroke risk in those patients. Outside advisers to the U.S. Food and Drug Administration said the treatment shouldn’t be withdrawn or limited to a Read More →
