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Vitesse cuts 60 jobs

By   /  Tuesday, March 31st, 2009  /  Latest news  /  Comments Off on Vitesse cuts 60 jobs

Vitesse Semiconductor Corp. is laying off about 60 of its roughly 500 employees, the company said in a release. The Camarillo company makes high-speed semiconductors for networks. It said the cut of 12 percent of its global workforce is designed to reduce operating expenses. “While we do see a few positive indicators in the market, Read More →

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Distenfield taken into custody

By   /  Tuesday, March 17th, 2009  /  Latest news  /  Comments Off on Distenfield taken into custody

Ira Distenfield – who grew legal services franchise We the People into a national brand and sold it to Dollar Financial in a much-litigated transaction – was booked into a Los Angeles County jail March 16 on a five-day sentence for contempt of court, according to the county’s records. Distenfield’s sentence stemmed from a legal Read More →

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Long term, budget deal could fall short

By   /  Thursday, February 19th, 2009  /  Latest news  /  Comments Off on Long term, budget deal could fall short

California’s newly minted budget compromise is a step toward resolving the current gridlock, but it may not fix problems for the longer haul, warned Sacramento Bee columnist Dan Walters. Speaking at the University of California, Santa Barbara, Economic Forecast Project’s Ventura County forecast in Thousand Oaks on Feb. 19, Walters said that when the full Read More →

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Madoff meltdown hits tri-county investors

By   /  Thursday, February 5th, 2009  /  Latest news  /  Comments Off on Madoff meltdown hits tri-county investors

Several tri-county investors are listed on the just-revealed client list of Bernard Madoff, the man whose alleged Ponzi scheme may have bilked investors out of $50 billion. The list came in filings made in bankruptcy proceedings for Bernard L. Madoff Investment Securities LLC in U.S. Bankruptcy Court in New York. Most of the investors on Read More →

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Camarillo prison hospital might get scrapped

By   /  Wednesday, February 4th, 2009  /  Latest news  /  Comments Off on Camarillo prison hospital might get scrapped

Just as opposition to the proposed prison hospital in Camarillo was about to reach a boiling point, Federal Receiver J. Clark Kelso said he would slam on the brakes before the project can get off the ground. After an onslaught of criticism, Kelso said Feb. 3 he would modify his $8 billion prison hospital plans Read More →

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Tax troubles set back developer

By   /  Tuesday, February 3rd, 2009  /  Latest news  /  Comments Off on Tax troubles set back developer

Unpaid taxes totaling nearly $300,000 are the latest problems piling up for Robert Fowler, the owner of a 100-acre tract near the Santa Margarita Ranch in San Luis Obispo County. California officials have issued a $293,757 tax lien against Fowler. Last fall, he received a default notice on the 100-acre parcel in Santa Margarita that Read More →

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Distenfields file for bankruptcy

By   /  Friday, January 16th, 2009  /  Latest news  /  Comments Off on Distenfields file for bankruptcy

Ira and Linda Distenfield, who grew legal services firm We the People Forms & Service Centers into a national brand, have filed for Chapter 7 bankruptcy. The Summerland residents listed $515,000 in assets and more than $5 million in liabilities. The Distenfields sold We the People for $12 million and $2 million in stock in Read More →

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