Heritage Oaks lost $5.8M in Q2
Paso Robles-based Heritage Oaks Bancorp, the holding company for Heritage Oaks Bank and Business First Bank, reported a second-quarter loss of $5.8 million on Aug. 4. That compares to a $507,000 loss in the second quarter of last year. The net loss applicable to common shareholders was $6.2 million, or 55 cents per diluted share, Read More →
ValueClick buys Investopedia
The Westlake Village-based Internet advertising company ValueClick announced Aug. 4 that it had acquired Investopedia, a financial and investing information website. ValueClick said it bought the company from Forbes for approximately $42 million in cash. In 2010, Investopedia is expected to generate $10 million in revenue and $5 million in earnings before interest, taxes, depreciation Read More →
Limoneira to ditch Sunkist, market own lemons
Santa Paula-based lemon and avocado grower Limoneira Co. said Aug. 3 that it’s dumping citrus distributor and marketer Sunkist Growers in favor of marketing and selling its lemons directly. Limoneira said it will terminate the Sunkist agreement on Nov. 1, after which it will pack, prepare and ship its own lemons to to foodservice, wholesale Read More →
Hoping for
At The Good Cookie, a new Santa Barbara bakery with its products now on the shelves at Whole Foods Market, the employees are clients of the Casa Esperanza Homeless Center. They work nights in the center’s kitchen, where they learn job skills and earn money to get themselves off the streets. The revenues support Casa Read More →
Again, Ford buys a bank at a bargain
To Carl Webb, California in 2010 looks a lot like California circa 1993. A devastating meltdown in the housing sector. Sky-high unemployment. Deep budget problems. And a crisis in confidence that the Texas banker describes as “a little less spring in the step” of the California consumer. In short, the perfect time to get back Read More →
