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 →
Editorial: The way to San Jose
An impressive gathering of South Coast business and political leaders met July 21 to map out a strategy for restoring direct service from Santa Barbara’s airport to San Jose. This service is critical to meeting the needs of the region’s technology industry, and SkyWest Airlines’ decision to suspend the service earlier this summer did Read More →
Editorial: Oxnard, don't go nuclear on credit union
Oxnard has threatened to use eminent domain proceedings to evict a longtime tenant, Pacific Oaks Credit Union, from a troubled property known as Carriage Square. That strikes us as a harsh way to treat a financial institution that’s an important part of the lifeblood of the region’s largest city, and we’d urge the city, property Read More →
SLO nonprofit guides way to green
Green Building Pages, a nonprofit based in San Luis Obispo, was started by architect Marilyn Miller Farmer with a simple goal: to make sustainable building more accessible. When Farmer first started as an architect, she wanted to focus on sustainable design, but she kept running into trouble finding reasonably priced green materials. Her brainchild, Green 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 →
