Experts predict slow job growth for SLO
Economist Chris Thornberg said tourism and consumer spending are driving San Luis Obispo County’s recovery. But don’t expect large jobs gains for at least the next two years. Speaking at the Central Coast Economic Forecast in Paso Robles on June 7, the Beacon Economics founding partner said he expects the county’s total employment to be Read More →
City National exec sees slow, steady recovery
Staying the course for now will pay off in the long run, according to City National Bank’s chief investment officer. Bruce Simon, who oversees investment activities for the $24 billion nationwide bank, and economist Chris Thornberg gave mid-year updates at a June 6 forum hosted by City National in Camarillo at the Spanish Hills Country Read More →
Calavo reports strong Q2 earnings despite Mexican tax expense
[wikichart align=”right” ticker=”NASDAQ:CVGW” showannotations=”true” livequote=”true” startdate=”04-12-2011″ enddate=”04-06-2012″ width=”300″ height=”245″] Avocado marketer Calavo Growers reported that second-quarter earnings nearly doubled since the same period last year, before taking into account an unanticipated multimillion-dollar tax expense. For the three months ended April 30, net income before the tax item rose 84 percent to $4.4 million, equal to Read More →
Feinstein: Federal and state gov’t needs to focus on tax policies
For the United States to truly recover from the Great Recession, the federal government and its state counterparts need to be creative with tax reform and budget proposals to jumpstart the economy. That was the view of U.S. Senator Dianne Feinstein, D-Calif., who spoke at a luncheon hosted by the Santa Barbara Region Chamber of Read More →
First California faces more shareholder dissent
Investors who own 5.4 percent of First California Financial Group’s shares have joined the ranks of disgruntled stockholders after the bank snubbed a buyout offer from Los Angeles-based PacWest Bancorp. A letter dated May 23 from Loeb Offshore Management out of New York came through in the bank’s regulatory filings on May 29. Addressing Westlake Read More →
Teledyne to buy N.Y. firm for $291M
Thousand Oaks-based Teledyne Technologies has agreed to purchase a New York-based electronics testing instruments maker in a deal valued at $291 million. Teledyne, an industrial-defense conglomerate, is set to purchase Chestnut Ridge-based LeCroy Corp. for $14.30 a share, for a total of about $240 million. Stock options, appreciation rights and net debt push the deal Read More →
