February 1, 2023
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Job cuts hit solar, beauty industries

By   /  Friday, September 2nd, 2011  /  Latest news  /  1 Comment

Two tri-county employers on Sept. 2 confirmed job cuts that could eliminate 260 positions. SolarWorld Industries America, the U.S. subsidiary of a major German maker of solar energy systems, said it is shuttering production at its Camarillo plant and cutting 186 jobs. Mentor Worldwide, a Santa Barbara-based breast implant maker that was acquired by Johnson Read More →

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700 BofA jobs at stake in Ventura County

By   /  Thursday, September 1st, 2011  /  Banking & Finance, Banking Industry, Latest news, Tri-County Economy  /  Comments Off on 700 BofA jobs at stake in Ventura County

About 700 jobs in Thousand Oaks and Westlake Village are in peril as Bank of America prepares to sell or shutter the correspondent-lending arm of its mortgage business. “We intend to sell the correspondent mortgage lending division or, if a suitable deal is not identified, we will consider other options, including winding down the correspondent Read More →

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Area banks hiring

By   /  Friday, May 6th, 2011  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Economy  /  Comments Off on Area banks hiring

After posting mostly solid first-quarter earnings, banks in the region are scouting for resumes again. Three of the largest firms in the region are looking to fill more than 300 open positions among them.

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Foreclosure fiasco’s ground zero: Ventura County offices churned out paperwork

By   /  Monday, October 25th, 2010  /  Top Stories, Tri-County Economy  /  Comments Off on Foreclosure fiasco’s ground zero: Ventura County offices churned out paperwork

Ask her how many foreclosure documents she worked through in a day at Countrywide Financial Corp., and Linda Martins-Mann says the pace was fast. “I didn’t count how many I processed, but it was a lot,” she said. “Maybe about 500 a day.” Martins-Mann was a foreclosure technician at Countrywide’s Simi Valley offices until the Read More →

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Mozilo will pay $67.5 million to settle fraud case

By   /  Friday, October 15th, 2010  /  Latest news  /  Comments Off on Mozilo will pay $67.5 million to settle fraud case

Angelo Mozilo, the founder and former CEO of Countrywide Financial, will pay $67.5 million to settle civil charges brought by the U.S. Securities and Exchange Commission, the largest such settlement in SEC history, the agency said. In a settlement approved in federal court on Oct. 15, Mozilo agreed to pay $22.5 million in penalties and Read More →