Santa Barbara election lawsuit likely to turn into a numbers game
The lawsuit brought against the city of Santa Barbara alleging that its at-large voting system for City Council seats locks Latinos out of the political process is likely to come down to dueling data and competing experts who have a track record in other cases.
Editorial: Measure M stands for government malpractice
“Mistake” might be a good way to characterize Measure M, an initiative that the city of Port Hueneme has hurriedly approved for the November ballot. In case you have not heard about it, Measure M would dispose of a minor tax on home-based businesses that now brings in about $7,000 per year and replace it Read More →
Funding farming’s future: USDA tags Tri-Counties for program
A $10 billion federal fund from the U.S. Department of Agriculture could provide much-needed assistance for developing water systems and other infrastructure in the Tri-Counties, where the region’s agriculture industry has suffered tremendous losses from the drought. The USDA has designated Ventura, Santa Barbara and San Luis Obispo counties as “drought disaster counties” as Read More →
Vitesse loss narrows as new product sales overtake legacy offerings
Vitesse Semiconductor Corp. continued its fight back to profitability in the third quarter, with new product revenues driving higher sales and its net loss narrowing to 7 cents per share. In the same quarter a year earlier, the Camarillo-based firm had recorded a net loss of 17 cents per share. Third-quarter revenue increased 3 percent Read More →
Profits rise at PennyMac firms
Moorpark-based PennyMac Financial Services said profits rose to $51.4 million on revenue of $130.4 million for the second quarter, beating Wall Street expectations for both measures.
LTC beats on revenues, meets on profits
Westlake Village-based LTC Properties beat revenue estimates in the second quarter as its funds from operations were up 17.8 percent to $22.5 million, or 64 cents per common diluted share, meeting Wall Street expectations.
