Crunchies tightens its belt in Ch. 11
East Ventura County, Law & Goverment, Top Stories, Tri-County EconomySince filing for bankruptcy protection on Aug. 15, Crunchies has laid off eight people — about a third of its full-time staff — at its Westlake Village headquarters, has reduced expenses by about $2 million and has put marketing initiatives and new product development on hold for the rest of the year.
Crunchies moves to block takeover bid with Chapter 11 filing
East Ventura County, Latest news, Law & Goverment, Top StoriesWestlake Village-based Crunchies Food Co. has filed for Chapter 11 bankruptcy protection, alleging that one of its largest vendors has attempted a hostile takeover of the fast-growing freeze-dried snacks maker.
A fungus among us: Team hopes to cultivate truffles on Central Coast
Agribusiness, Central Coast, Top Stories, TourismA group of French and Chilean truffle farmers are sniffing out the Central Coast’s potential to grow the highly prized fungi. A team from Beyond Truffles, a Chilean truffle producer, and Agri-Truffe, a French truffle-tree nursery operation, are reaching out to San Luis Obispo County farmers and vintners in hopes of launching large-scale production Read More →
OCB Bancorp taps Ortega to open Santa Barbara branch
Banking & Finance, Banking Industry, East Ventura County, South Coast, Top Stories, Tri-County Economy, West Ventura CountyThe parent company of Ojai Community Bank is tapping veteran South Coast banker Eloy Ortega to open a new Santa Barbara branch.
PennyMac counts on family, Countrywide ties
Banking & Finance, Top Stories, Tri-County Public CompaniesPennyMac, the Moorpark-based firm founded by former top brass at Countrywide Financial Corp., has inked a $550 million loan repurchasing deal with Bank of America. The deal forms a half-billion-dollar pact among three companies that have been intimately connected since shortly after Countrywide, the firm at the heart of the subprime loan meltdown, was Read More →
