Limoneira earnings up in second quarter
After a first-quarter loss, Limoneira Co. bounced back with earnings of $1.5 million for the second quarter, the company said June 11. The Santa Paula-based agribusiness reported $16.1 million in revenue for the quarter ended April 30, $12.4 million of which came from lemon sales. That’s compared to $12.5 million in revenue for the same Read More →
T.O. snags Rolls-Royce, Bentley dealerships
By August, Bentley and Rolls-Royce owners in the Tri-Counties will no longer need to drive to Beverly Hills for service or to buy a new model. Thousand Oaks officials confirmed June 11 that the city has secured a dealership for both luxury brands at its auto mall. “We’re absolutely thrilled. This is a great addition Read More →
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 →
