July 7, 2025

		

Editorial Department


| Monday, September 14th, 2009

The lesson learned from BuenaVentura

Opinion

One of the things we are learning about the current financial crisis is that banks operate best when they really operate as banks. When it was launched a year ago, Banco Buenaventura looked like a great idea for serving the Hispanic community. And we gave the brains behind the institution the benefit of the doubt Read More →

| Monday, September 14th, 2009

Tuning in profits

Personal Finance

The raucous public debate over health care reform has given shares of Camarillo-based Salem Communications a healthy 375  percent boost. Salem owns a nationwide network of Christian and conservative talk radio stations. Opponents of health care reform have spent millions to get their message out to just such an audience, and investors seem to think Salem Read More →

| Monday, September 14th, 2009

Carpinteria device firm gets big bucks

Top Stories

In the biggest single round of venture capital financing announced this year in the Tri-Counties, Carpinteria-based medical device maker ValenTx raised $22 million Sept. 8. Founded in 2002 and operating quietly until now, the company is testing out a treatment for morbid obesity, a condition in which patients are typically overweight by more than 100 Read More →

| Monday, September 14th, 2009

BuenaVentura

Top Stories

When Banco BuenaVentura was rolled out in Oxnard less than a year ago, it catered almost exclusively to the area’s Hispanic community. But in light of its upcoming Sept. 21 closure, some are left wondering if the niche bank’s business plan is to blame for its collapse. The bank had a very clear goal when Read More →

| Monday, September 14th, 2009

$22M bankruptcy spotlights Montecito

Top Stories

A year after the worst market quake since the Great Depression, aftershocks from the credit crunch are rumbling through Montecito’s upper crust. Patricia Klink filed for Chapter 11 bankruptcy protection Aug. 17 with $29.3  million in assets and $22.2 million in liabilities. She is the wife of John Klink, a longtime high-level Vatican adviser whose anti-abortion Read More →

| Monday, September 14th, 2009

Region loses reputation as safe haven for jobs

Uncategorized

The Tri-Counties have historically faired well in bad times, but the latest unemployment figures released by the U.S. Labor Department show that California’s budget woes and the nationwide recession may have finally begun to catch up to the region. While the highest unemployment rate in the Tri-Counties is in Ventura County, Santa Barbara and San Read More →

| Friday, September 11th, 2009

Riding it out

Small Business

Tri-county surf shops have taken quite a beating during the past year’s storm of changing retail trends, poor surfing conditions and a down economy. Now they’re looking for new ways to ride it out. Doug Yartz, owner and manager of Goleta-based surf shop Surf Country, could only sum up his store’s sales performance in one Read More →