Goodbye to Haggen grocery stores
Wikipedia states that strategic bankruptcy occurs when an otherwise solvent company makes use of the bankruptcy laws for a specific business purpose. An example of this was in 2002 when Kmart filed a Chapter 11 bankruptcy. Kmart had a severe cash flow problem because it was locked into long-term leases at premium rates with respect Read More →
Try alternative commute during Ride Week
This year the Ventura County Transportation Commission and the Ventura County Air Pollution Control District are sponsoring Ride Week, Oct. 5-9. Ride Week is an opportunity for everyone to try out an alternative commute such as biking, walking, carpooling, vanpooling or riding a bus or train and win prizes for their efforts. Ventura County drivers Read More →
VW’s actions smack of ethical blindness
Are profits and corporate values treated equally? Did Volkswagen compromise its core values? On its website the stated strategy that drives the company’s actions is: “We see high customer satisfaction as one of the key requirements for the company’s long-term success.” That would be a “yes” to the core values question. VW did emphasize profits Read More →
Merged Ryland Group and Standard Pacific trading as CalAtlantic Group
CalAtlantic Group, the new homebuilding company formed in the merger between Ryland Group and Standard Pacific, traded under its new symbol CAA on Oct. 1 on the New York Stock Exchange. Now that the $5.2 billion “merger of equals” between the Westlake-based and Irvine-based homebuilders, respectively, has gone through, the new company has become the Read More →
Cal Amp’s second quarter earnings beat analyst estimates
Oxnard-based Cal Amp, which makes products for the wireless sector, beat analyst estimates on Oct. 1 when it reported second quarter 2016 results. Cal Amp posted earnings of 27 cents per share, beating analyst estimates of 26 cents per share. Analysts expected Cal Amp’s revenues to be around $68 million, but the company beat those Read More →










