Defense furlough to end; 6,100 to return to work
The more than 6,100 civilian Department of Defense employees in the Tri-Counties will return to work full time after a U.S. Secretary of Defense Chuck Hagel announced a furlough program will be cut short, ending next week. The military is the largest employer in the region, with 26,390 employees between Naval Base Ventura County and Read More →
Eight arrested at Oxnard firm on mortgage fraud charges
Eight people were arrested this morning on suspicion of carrying out a mortgage fraud scheme of filing bogus loan applications that generated hefty fees and commissions for the suspects while causing $11 million in losses for lenders when the homes went into foreclosure. The Ventura County District Attorney’s office began the investigation into Oxnard-based New Read More →
BKF Capital boots Qualstar CEO in battle for control
The battle for control of Simi Valley-based Qualstar Corp., a data storage and power supply maker, appears to have ended in victory for Steve Bronson and Florida-based BKF Capital Group. The investment firm started grappling with the Qualstar’s brass more than year ago, when it began a proxy contest to replace board members and executives. Read More →
Ceres loses $9.3M, missing estimates
Thousand Oaks-based agricultural biotech firm Ceres’ third-quarter net loss widened to $9.3 million, or 38 cents per share, on revenue of $1.4 million, it said July 11. The energy crop firm attributed the higher loss to added expenses from expanding business operations in Brazil and higher-than-expected variability in how much fuel its crops can produce. Read More →
