Heritage Oaks lost $5.8M in Q2
Paso Robles-based Heritage Oaks Bancorp, the holding company for Heritage Oaks Bank and Business First Bank, reported a second-quarter loss of $5.8 million on Aug. 4. That compares to a $507,000 loss in the second quarter of last year. The net loss applicable to common shareholders was $6.2 million, or 55 cents per diluted share, Read More →
ValueClick buys Investopedia
The Westlake Village-based Internet advertising company ValueClick announced Aug. 4 that it had acquired Investopedia, a financial and investing information website. ValueClick said it bought the company from Forbes for approximately $42 million in cash. In 2010, Investopedia is expected to generate $10 million in revenue and $5 million in earnings before interest, taxes, depreciation Read More →
Limoneira to ditch Sunkist, market own lemons
Santa Paula-based lemon and avocado grower Limoneira Co. said Aug. 3 that it’s dumping citrus distributor and marketer Sunkist Growers in favor of marketing and selling its lemons directly. Limoneira said it will terminate the Sunkist agreement on Nov. 1, after which it will pack, prepare and ship its own lemons to to foodservice, wholesale Read More →
Maldonado's farm pays tax bill
The Santa Maria family farm owned by Lt. Gov. Abel Maldonado settled its dispute with the International Revenue Service by paying $111,146 in back taxes on July 26, the Los Angeles Times reported. The IRS had placed a lien in that amount on Agro-Jal Enterprises in April, an action that was first revealed in a Read More →
Port of Hueneme budget passsed
The Oxnard Harbor District board has approved the Port of Hueneme’s new budget for the 2010-11 fiscal year, one that reflects “the continued impact of the sluggish global economy,” according to a district news release. The Harbor District’s operating revenues are projected to be $10.4 million, an increase of about 3.3 percent from the last Read More →
Cal Poly won't offer Santa Barbara MBA
Editor’s note: This story was updated July 30 at 3:53 p.m. with comments from CSU and CSUCI representatives. Cal Poly San Luis Obispo has abandoned its plans for a master’s of business administration program in Santa Barbara, university officials said July 30. The move came at the request of the office of California State University Read More →
UCSB breaks research funding record
UC Santa Barbara brought in $222 million in external research funding during its last fiscal year, topping all of its old totals. The university called the record-breaking sum “directly attributable to the federal stimulus program.” The money came from federal and state agencies, corporations and nonprofits. It represents a 28 percent increase from the year Read More →
