Ventura's Pierpont Inn sold to investment group
Latest newsAfter a proposed deal fell through a year ago, the Pierpont Inn in Ventura has been sold to a group of investors. The Pierpont Inn said April 17 that it had been acquired by Pierpont Group LLC. Last March, the hotel’s owner – Central Coast Management – tried to engineer a sale to an investment Read More →
Vitesse cuts 60 jobs
Latest newsVitesse 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 →
Long term, budget deal could fall short
Latest newsCalifornia’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 →
Madoff meltdown hits tri-county investors
Latest newsSeveral 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 →
Camarillo prison hospital might get scrapped
Latest newsJust 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 →
Tax troubles set back developer
Latest newsUnpaid 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 →
Peso sinks; Calavo profit soars
Latest newsSanta Paula-based avocado marketer Calavo Growers said its net income shot up 235 percent in the fourth quarter to $4 million, making it the single best quarter in company history. Calavo’s fourth-quarter revenue jumped to $93.6 million — a 10 percent increase over the same quarter in 2007 but slightly lower than the $96.9 million Read More →
