Farmers Insurance to leave Simi Valley
Farmers Insurance plans to move 1,200 people from its Simi Valley office to one in the San Fernando Valley, leaving Simi Valley without one of its largest employers. The move will take effect in early 2011, according to a news release Farmers issued Aug. 11. In that statement, Farmers Executive Vice President David Travers said Read More →
Bunnin pursuing Goleta dealership
Ventura County auto dealer Leo Bunnin may be opening his first dealership on the South Coast, as he makes a serious bid for a Chrysler-Jeep-Hyundai dealership in Goleta that recently suspended new car sales. Bunnin, a longtime fixture in the Southern California car business, got his start in the Tri-Counties with an Infiniti dealership in Read More →
SLO airport gets federal grant
The Federal Aviation Administration has awarded a $2.2 million grant to the San Luis Obispo County Regional Airport, U.S. Rep. Lois Capps, D-Santa Barbara, announced Aug. 3. The airport plans to use the money for a new terminal. The project has been stalled due to a lack of funds, and this grant will pay for Read More →
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 →
Maldonado's farm pays tax bill
The Santa Maria family farm owned by Lt. Gov. Abel Maldonado settled its dispute with the International Revenue Service by paying $111,146 in back taxes on July 26, the Los Angeles Times reported. The IRS had placed a lien in that amount on Agro-Jal Enterprises in April, an action that was first revealed in a Read More →
