Region’s unemployment rate flat in January as COVID surged
Central Coast, East Ventura County, Latest news, South Coast, Top Stories, Tri-County Economy, West Ventura CountyThe tri-county region’s unemployment rate was 7.4% in January, the same as in December, as the region and state endured the second month of the winter COVID-19 surge. California’s unemployment rate was 9% in January, down from 9.3% in December, according to data released March 12 by the state Employment Development Department. The national unemployment Read More →
SEC alleges pump-and-dump fraud at Airborne Wireless in Simi Valley
Banking & Finance, East Ventura County, Latest news, Law & Goverment, Technology, Tri-County Economy, Tri-County Public CompaniesThe U.S. Securities and Exchange Commission filed suit on March 2 against Simi Valley-based Airborne Wireless Network and seven of its shareholders and executives, accusing them of orchestrating a $45 million pump-and-dump stock fraud scheme. The lawsuit was filed in federal court in New York. The defendants are Kalistratos Kabilafkas, Timoleon Kabilafkas, Panagiotis Bolovis, Eric Read More →
Direct Relief launches new health equity fund with Scott’s $50M gift
Health Care & Life Science, Latest news, left, Nonprofits, South Coast, Top Stories, Tri-County EconomyMacKenzie Scott’s donation to Direct Relief equaled the largest in the organization’s history, at $50 million, and will go toward the Fund for Health Equity, a new project Direct Relief unveiled March 2. Scott announced in December that she was giving nearly $4.2 billion to 384 different charitable organizations in the United States. Direct Relief, Read More →
Coast Guard says it will enforce new safety rules to prevent another deadly boat fire
Latest news, Law & Goverment, middle, South Coast, Top Stories, Tourism, Tri-County EconomyThe U.S. Coast Guard says it will require interconnected smoke detectors, night watch patrols and other safety measures recommended for small passenger boats after the deadly fire on board the Conception dive boat in the Santa Barbara Channel in 2019. In a Feb. 10 letter to the National Transportation Safety Board, Coast Guard Vice Admiral Read More →
From the archives: J.D. Power’s entry into the Business Times Hall of Fame
East Ventura County, Latest news, right, Subscriber content, Top Stories, Tri-County EconomyThis article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
State ups unemployment fraud estimate into tens of billions
Latest news, Law & GovermentAt least 10% and perhaps as much as 27% of the unemployment benefits paid by the state of California during the pandemic were fraudulent, according to new report from the California Economic Development Department. The department processed 19.5 million claims and paid $114 billion in benefits between March 2020 and Jan. 16, 2021, according to Read More →
California lifts stay-home orders as ICU capacity grows; COVID remains “widespread” in region
Central Coast, East Ventura County, Health Care & Life Science, Latest news, left, South Coast, Top Stories, Tri-County Economy, West Ventura CountyCalifornia Gov. Gavin Newsom lifted the state’s regional stay-home orders Monday morning, paving the way for the return of outdoor restaurants service and a few other business activities. Ventura, Santa Barbara and San Luis Obispo counties are now back in the “purple” or “widespread” tier of the state’s color-coded pandemic regulations—the most restrictive level, but Read More →
