Auto research center in works in Oxnard
The Oxnard City Council approved a plan Oct. 13 that will allow a state authority to issue $10 million in bonds to a private company that wants to build an automotive research facility in the city. Quattro-Del Norte LLC, the recipient of the bond financing, says the project would create about 100 jobs. The firm Read More →
Mozilo will pay $67.5 million to settle fraud case
Angelo Mozilo, the founder and former CEO of Countrywide Financial, will pay $67.5 million to settle civil charges brought by the U.S. Securities and Exchange Commission, the largest such settlement in SEC history, the agency said. In a settlement approved in federal court on Oct. 15, Mozilo agreed to pay $22.5 million in penalties and Read More →
Fox tells VCEDA group state must improve business climate
The pain of the status quo will determine the pace of California’s reform effort. That’s the view of Joel Fox, head of the Los Angeles-based Small Business Action Committee. In a keynote presentation on Oct. 15 at the 40th annual Ventura County Economic Development Association business outlook conference, Fox said reforms take place in waves Read More →
Teledyne gets $25.5M contract
Thousand Oaks-based Teledyne Technologies has won a $25.5 million federal contract for technology that would guide a single .50-caliber bullet to a faraway moving target in high winds. Teledyne Scientific & Imaging, a Teledyne subsidiary, announced the award on Oct. 14. It comes from the Defense Advanced Research Projects Agency, or DARPA, the arm of Read More →
FPPC approves Copeland fine
California’s Fair Political Practices Commission fined San Luis Obispo businessmen James and Thomas Copeland and banker David Booker $80,000 at its Oct. 14 meeting for violating the state Political Reform Act. The Copelands and Booker are accused of staging a secret and illegal campaign in 2006 to block rancher Ernie Dalidio’s development plans. The five-member Read More →
Harmony landowners sue Coastal Commission
A family that owns property along the coast of northern San Luis Obispo County has sued the California Coastal Commission over its decision in August to require public access to a mile-long stretch of coastline. The family trust — led by sisters Denise McLaughlan, Sharyn Schrick, and Sandra Bowman — owns 400 acres near the Read More →
